Finance News

Julius Baer eyes happy ending to US probe - Reuters (Mon, 06 Feb 2012)
Julius Baer eyes happy ending to US probe Reuters By Martin de Sa'Pinto and Katharina Bart | ZURICH (Reuters) - Julius Baer expressed hopes of striking a mutual accord to end its part in an escalating crackdown on offshore bank accounts amid rising tension among Swiss private bankers following the US ... Swiss Stocks Drop as Greek Debt Talks Continue; Banks DeclineBusinessWeek Switzerland Stocks Drop as Greek Debt Talks Continue; Bank Shares DeclineBloomberg Julius Baer Expects Fine In US Tax Matter, Profit DownFox Business Boston.com -Financial Times -The Tennessean all 32 news articles »
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European Stocks Decline, Euro Weakens as Greek Leaders Meet - BusinessWeek (Mon, 06 Feb 2012)
TorFX Foreign Currency Exchange European Stocks Decline, Euro Weakens as Greek Leaders Meet BusinessWeek By Stephen Kirkland and Lynn Thomasson Feb. 6 (Bloomberg) -- European stocks fell from a six-month high and the euro declined the most in three weeks as Greek leaders wrestled with spending cuts to get aid and avert default. UK Gilts Advance Amid Greek Concern; Pound Gains Versus EuroBloomberg FOREX-Greek uncertainty pushes down euro as deadline nearsReuters Greek uncertainty pushes down euro as deadline nearsEconomic Times Wall Street Journal -Reuters UK -MarketWatch all 282 news articles »
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Greeks Struggle to Resolve Their Differences - Wall Street Journal (Mon, 06 Feb 2012)
Wall Street Journal Greeks Struggle to Resolve Their Differences Wall Street Journal By ALKMAN GRANITSAS, STELIOS BOURAS and COSTAS PARIS ATHENS—Greece's political party leaders will resume talks Monday after major differences on draconian reforms as part of an international aid package remained unresolved following a marathon meeting ... Britain Prepares for Worst as EU Strives to End Euro CrisisBusinessWeek Europe shares fall as Greece bailout deadline loomsReuters Italian, Spanish bond yields rise on Greek worriesMarketWatch The Guardian -Financial Times -Boston.com all 996 news articles »
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Egypt investment bank EFG Hermes says chairman banned by prosecutor from travel - Washington Post (Mon, 06 Feb 2012)
Deseret News Egypt investment bank EFG Hermes says chairman banned by prosecutor from travel Washington Post CAIRO — Egypt-based investment bank EFG Hermes says that the prosecutor general has banned its chairman from travel. EFG, the Arab world's largest publicly traded investment bank, said Monday in a statement on the Egyptian Exchange's website that it ... Egypt's EFG says chairman banned from travelBoston.com Egypt bans EFG-HERMES Chief Executive from travelingReuters all 100 news articles »
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Taiwan smartphone maker HTC 4Q profits fall 26 pct amid Samsung competition (Mon, 06 Feb 2012)
By The Associated Press TAIPEI, Taiwan - Taiwan smartphone maker HTC Corp. has reported a 26 per cent drop in profits in the final quarter of last year as the weak global economy and intense competition ...
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Egypt investment bank EFG Hermes says chairman banned by prosecutor from travel (Mon, 06 Feb 2012)
By Tarek El-Tablawy, The Associated Press CAIRO - Egypt-based investment bank EFG Hermes says that the prosecutor general has banned its chairman from travel. EFG, the Arab world's largest publicly traded ...
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Oil Declines on European Economic Concern; Brent Premium Rises - BusinessWeek (Mon, 06 Feb 2012)
gulfnews.com Oil Declines on European Economic Concern; Brent Premium Rises BusinessWeek By Ramsey Al-Rikabi Feb. 6 (Bloomberg) -- Oil fell from the highest price in three days in New York on speculation Greece's steps to avert a financial collapse may fall short, threatening Europe's economy and demand for fuel. Futures dropped as much as ... China extends Iran crude import cuts into March -sourcesReuters OIL FUTURES: Crude Falls With Euro As Investors Lock In ProfitFox Business Oil near $97 as traders eye Greek debt talksThe Associated Press Economic Times all 205 news articles »
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China Swap Rate Rises Most in a Month as PBOC Gauges Bill Demand - BusinessWeek (Mon, 06 Feb 2012)
Moneycontrol.com China Swap Rate Rises Most in a Month as PBOC Gauges Bill Demand BusinessWeek By Bloomberg News Feb. 6 (Bloomberg) -- China's swap rate rose the most in one month on speculation the central bank will resume bill sales this week, draining funds from the financial system. The central bank asked banks to submit orders for one-year, ... Citigroup Gets Approval for China Credit CardsWall Street Journal Citi gets approval to issue credit cards in ChinaSun-Sentinel Citi receives approval to issue credit cards in ChinaEconomic Times Moneycontrol.com -Bloomberg all 36 news articles »
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IMF warns sharp European downturn could cut China's growth rate by nearly half - Washington Post (Mon, 06 Feb 2012)
RTT News IMF warns sharp European downturn could cut China's growth rate by nearly half Washington Post BEIJING — A sharp downturn in Europe could cut China's economic growth rate nearly in half, the International Monetary Fund said Monday, adding to warnings about a possible severe global slowdown this year. The IMF said Beijing should be ready to ... IMF: Europe could hit China, hardFinancial Times (blog) IMF Sees Risk Of Deeper China Slowdown If Euro Crisis WorsensNASDAQ all 122 news articles »
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Oil near $97 in Asia as traders mull Greece debt, improving US jobs data (Mon, 06 Feb 2012)
By Alex Kennedy, The Associated Press SINGAPORE - Oil prices fell to near US$97 a barrel Monday in Asia amid investor concerns about Greek debt talks. Benchmark crude for March delivery was down 53 cents ...
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Swiss bank Julius Baer cautious about outcome of US tax evasion probe (Mon, 06 Feb 2012)
By The Associated Press GENEVA - Swiss bank Julius Baer Group has cautioned investors that the outcome of a U.S. probe into whether it helped American clients cheat on their taxes is uncertain. The Zurich-based ...
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Intense Greek talks for debt deal continue, government vows deeper spending cuts (Mon, 06 Feb 2012)
By The Associated Press ATHENS, Greece - Parties backing Greece's coalition government will hold a second day of emergency talks Monday on an austerity deal with rescue creditors, after an intense weekend ...
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World stocks mixed as talks to resolve Greece's debt crisis drag on (Mon, 06 Feb 2012)
By Pamela Sampson, The Associated Press BANGKOK - World stock markets were mixed Monday as fears of a Greek debt default dampened the euphoria from a stronger-than-expected increase in U.S. jobs. Benchmark ...
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China Bans Airlines From EU Carbon Scheme - Wall Street Journal (Mon, 06 Feb 2012)
Bloomberg China Bans Airlines From EU Carbon Scheme Wall Street Journal Dow Jones Reprints: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool at the bottom of any article or visit ... China Bans Airlines From Joining EU Carbon Levies SystemBusinessWeek China bans its airlines from paying EU carbon taxThe Guardian China Bans Airlines From Paying EU Carbon Emission ChargesRTT News PhysOrg.com -The Associated Press all 286 news articles »
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Ackman seeks to convince other CP investors railway needs big shakeup (Mon, 06 Feb 2012)
By Lauren Krugel, The Canadian Press CALGARY - A Wall Street hedge fund will hit Bay Street on Monday in a move to get fellow Canadian Pacific Railway Ltd. shareholders — including big institutional investors ...
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HTC Forecast Trails Estimates as It Awaits Smartphone Models - BusinessWeek (Mon, 06 Feb 2012)
Moneycontrol.com HTC Forecast Trails Estimates as It Awaits Smartphone Models BusinessWeek By Tim Culpan Feb. 6 (Bloomberg) -- HTC Corp., Asia's second-largest smartphone maker, forecast revenue that missed analysts' estimates as it awaits the introduction of new products to help it rebound from its first profit drop in two years. HTC Forecasts First-Quarter Sales That Miss Analyst EstimatesBloomberg Taiwan smartphone maker HTC sees Q1 revenue fallingReuters India Taiwan smartphone maker HTC 4Q profits fall 26 pctmsnbc.com all 29 news articles »
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IMF warns sharp Europe downturn could cut China's growth rate by nearly half (Mon, 06 Feb 2012)
By The Associated Press BEIJING, China - The International Monetary Fund is warning that a sharp downturn in Europe could cut China's growth rate by nearly half. The IMF said Beijing should be ready to ...
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Atlantic premiers headed to Atlanta to take part in trade mission (Mon, 06 Feb 2012)
By The Canadian Press HALIFAX - The four Atlantic premiers and more than 20 business leaders head to Atlanta today to start a three-day trade mission David Alward, Darrell Dexter, Kathy Dunderdale and ...
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Intense Greek talks for debt deal continue, government vows deeper sepnding cuts (Mon, 06 Feb 2012)
By The Associated Press ATHENS, Greece - Parties backing Greece's coalition government are meeting again Monday in an eleventh-hour effort to reach an austerity deal with rescue creditors, needed to avert ...
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China bars its airlines from paying EU carbon tax, ratcheting up global dispute (Mon, 06 Feb 2012)
By Joe McDonald, The Associated Press BEIJING, China - China announced Monday it will prohibit its airlines from paying European Union charges on carbon emissions, ratcheting up a global dispute over the ...
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Oil falls slightly to near $97 in Asia as traders mull improving US jobs data (Mon, 06 Feb 2012)
By Alex Kennedy, The Associated Press SINGAPORE - Oil prices fell slightly to near US$97 a barrel Monday in Asia despite signs U.S. economic growth is improving. Benchmark crude for March delivery was ...
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Asian stock markets climb after US unemployment rate falls to 3-year low (Mon, 06 Feb 2012)
By Pamela Sampson, The Associated Press BANGKOK - Asian stock markets climbed Monday after U.S. unemployment fell to its lowest in three years, suggesting a stronger recovery in the world's No. 1 economy ...
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Foreclosure Deal Deadline Arrives as States Consider Releases - Bloomberg (Mon, 06 Feb 2012)
Newsday Foreclosure Deal Deadline Arrives as States Consider Releases Bloomberg States that balked at bank liability releases in a proposed $25 billion nationwide settlement over foreclosure practices must decide by today whether its mortgage relief and reforms are worth the legal claims they'll give up. NY Attorney General Slaps Fresh Mortgage Lawsuits On BofA, JPMorgan, Wells FargoForbes Foreclosure Settlement Will Settle NothingTheStreet.com Foreclosure Deal Gets CloserWall Street Journal Washington Post -KPRC Houston all 50 news articles »
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Sex, celebrities and nostalgia play big roles in anticipated Super Bowl ads (Mon, 06 Feb 2012)
By Mae Anderson, The Associated Press NEW YORK, N.Y. - The pressure was on. The tension was thick. And then, there were yawns in between. The Super may have been a nail biter, but the ads were a snooze. ...
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China bans its airlines from paying EU carbon tax (Mon, 06 Feb 2012)
By The Associated Press BEIJING, China - China has banned its airlines from paying charges on carbon emissions imposed by the European Union, state media reported Monday. The charges that took effect last ...
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Sex, celebrities and nostalgia play big roles in Super Bowl ads (Mon, 06 Feb 2012)
By Mae Anderson, The Associated Press NEW YORK, N.Y. - The pressure was on. The tension was thick. And then, there were yawns in between. The Super may have been a nail biter, but the ads were a snooze. ...
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Eni CEO: Italy's gas supply OK till Wednesday; problems could follow if more Gazprom cuts (Sun, 05 Feb 2012)
By The Associated Press ROME - The chief executive of Italian energy company ENI says the country's natural gas supplies are OK through Wednesday but if Russia's Gazprom makes more cuts there could be ...
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Ford asks GM to pull Super Bowl ad implying that Silverado is most dependable truck (Sun, 05 Feb 2012)
By Dee-Ann Durbin, The Associated Press LAS VEGAS, Nev. - Ford is demanding that rival General Motors pull a Super Bowl commercial that implies the Chevrolet Silverado pickup is more dependable than the ...
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Greek coalition parties say crisis talks for debt deal to continue Monday (Sun, 05 Feb 2012)
By Demetris Nellas,Nicholas Paphitis, The Associated Press ATHENS, Greece - Crisis talks on a debt deal for Greece among the three leaders of parties supporting the coalition government were suspended ...
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Head of Mideast investment bank EFG Hermes banned from travel for soccer riot investigation (Sun, 05 Feb 2012)
By Aya Batrawy, The Associated Press CAIRO - An airport official says the CEO of Mideast investment bank EFG Hermes has been stopped at Cairo international airport by authorities who banned him from travelling ...
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Waterloo stands by RIM despite market turmoil, says tech sector is booming (Sun, 05 Feb 2012)
By Romina Maurino, The Canadian Press WATERLOO, Ont. - The markets may be hitting Research in Motion hard after its most recent restructuring, but the community considered synonymous with the BlackBerry ...
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Saudi oil minister stresses importance of stability in world oil markets (Sun, 05 Feb 2012)
By The Associated Press RIYADH, Saudi Arabia - Saudi Arabia's oil minister says co-operation is necessary between oil producing and consuming nations for the stability of crude markets at a time when concerns ...
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Greek coalition party leader: will fight austerity demands 'with all means' (Sun, 05 Feb 2012)
By The Associated Press ATHENS, Greece - The leader of Greece's No. 2 party said rescue creditors were demanding measures that would deepen the country's recession, and promised to oppose them "with ...
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Embattled Swiss banks to outline strategy in US tax evasion row after Wegelin demise (Sun, 05 Feb 2012)
By The Associated Press GENEVA - Two Swiss banks will this week outline their response to growing pressure from the U.S. to give up tax-evading American customers and the bankers who helped them. Julius ...
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Eni SpA oil pipeline on fire in Nigeria's crude-rich southern delta as militants claim attack (Sun, 05 Feb 2012)
By Jon Gambrell, The Associated Press LAGOS, Nigeria - An Eni SpA oil pipeline ruptured and caught fire as a militant group claimed responsibility for an attack in the region, their first alleged assault ...
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