(Reuters) – China’s premier called for additional efforts to support growth on Sunday, signaling Beijing’s willingness to take action after a recent series of economic indicators suggested that the world’s second-biggest economy will slow further … continue…
Morgan Stanley made big bet on Facebook
(Reuters) – Lead Facebook Inc (FB.O) underwriter Morgan Stanley (MS.N) took a bet earlier this week when it increased the size of the social networking firm’s $16 billion initial public offering and it boosted the … continue…
Historic Facebook debut falls flat
(Reuters) – The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company’s sky-high valuation combined with trading glitches left the stock languishing near its offering … continue…
EU, ECB working on Greece exit contingency
(Reuters) – The European Commission and the European Central Bank are working on an emergency scenario in case Greece has to leave the euro zone, EU trade commissioner Karel De Gucht said in an interview … continue…
China second quarter GDP growth seen at 7.5 percent: government think-tank
(Reuters) – China’s annual economic growth could slow to 7.5 percent in the second quarter, largely due to curbs on the property sector and headwinds from external demand, the State Information Center, a government think-tank, … continue…
Investors brace for Facebook debut on Wall Street
(Reuters) – Investors are bracing for Facebook’s Wall Street debut on Friday after the world’s No.1 online social network raised about $16 billion in one of the biggest initial public offerings in U.S. history. Valued … continue…
GE aims to double China JVs to around 56 in five years
(Reuters) – General Electric Co (GE.N) aims to double the number of joint ventures it has in China from the current 28 in roughly five years, its vice-chairman said on Friday. John Rice, who is … continue…
Anxious investors send S&P lower for fifth day
(Reuters) – U.S. stocks hit a four-month low on Thursday as rising Spanish bond yields increased investor anxiety over that country’s banks and another round of weak data undermined hopes for U.S. economic recovery. Growing … continue…
Exclusive: ECB stops operations with some Greek banks
(Reuters) – The European Central Bank has stopped providing liquidity to some Greek banks as they have not been successfully recapitalized, the ECB said on Wednesday, confirming news earlier reported exclusively by Reuters. The news … continue…
Greek political turmoil heightens euro exit fears
(Reuters) – Fears of a Greek exit from the euro zone worsening the debt crisis facing other European nations gripped financial markets on Wednesday, sending shares and other riskier assets lower as investors shifted funds … continue…