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Print - 2013-10-30
Paraguay may issue more debt in 2014

Paraguay may issue more debt in 2014

Paraguay may issue sovereign debt again in 2014 once it has passed a more balanced budget, the country's new finance minister said on Monday, signalling no rush to follow up a successful debut in global credit markets this year. Finance Minister German Ro
Published 30 Oct, 2013 12:00am
Starbucks under media fire in China for high prices

Starbucks under media fire in China for high prices

Starbucks Corp has been charging customers in China higher prices than other markets, helping the company realise thick profit margins, a report by the official China Central Television (CCTV) said. The world's largest coffee chain is the latest foreign c
Published 30 Oct, 2013 12:00am
Tepco can't yet be trusted to restart world's biggest nuclear plant

Tepco can't yet be trusted to restart world's biggest nuclear plant

Tokyo Electric Power Co must give a fuller account of the Fukushima disaster and address its "institutionalised lying" before it can expect to restart another nuclear station, the world's largest, said a local government official who holds an effective ve
Published 30 Oct, 2013 12:00am
Pakistani family visiting US recounts drone terror

Pakistani family visiting US recounts drone terror

Nabila Rehman was picking okra in her family garden last year when missiles from a drone rained down from the sky, killing her grandmother and injuring her and seven other children. The nine-year-old Pakistani girl now has a question for the US government
Published 30 Oct, 2013 12:00am
What about the workers ... and their share of income?

What about the workers ... and their share of income?

Nothing lasts forever but a global trend that set in 30 years ago shows no sign of ending: a steep rise in the share of income that goes to profits and a corresponding decline in labour's slice of the economic pie. The imbalance, which is driven by techni
Published 30 Oct, 2013 12:00am
Pakistani family visiting US recounts drone terror

Pakistani family visiting US recounts drone terror

Nabila Rehman was picking okra in her family garden last year when missiles from a drone rained down from the sky, killing her grandmother and injuring her and seven other children. The nine-year-old Pakistani girl now has a question for the US government
Published 30 Oct, 2013 12:00am
US arms makers post higher profit, decry budget cloudiness

US arms makers post higher profit, decry budget cloudiness

Major US weapons makers posted higher third-quarter profit on Wednesday despite budget cuts, their margins remained largely solid or rose in places, and revenue fell less than expected. But executives at the top four weapons makers - Lockheed Martin Corp,
Published 30 Oct, 2013 12:00am
References: notices reissued; Naek to represent Zardari

References: notices reissued; Naek to represent Zardari

An accountability court on Tuesday reissued notices to former president Asif Ali Zardari and National Accountability Bureau (NAB) in the connection with five NAB references that were reopened against him two weeks ago. The accountability court judge Bashi
Published 30 Oct, 2013 12:00am
US arms makers post higher profit, decry budget cloudiness

US arms makers post higher profit, decry budget cloudiness

Major US weapons makers posted higher third-quarter profit on Wednesday despite budget cuts, their margins remained largely solid or rose in places, and revenue fell less than expected. But executives at the top four weapons makers - Lockheed Martin Corp,
Published 30 Oct, 2013 12:00am
References: notices reissued; Naek to represent Zardari

References: notices reissued; Naek to represent Zardari

An accountability court on Tuesday reissued notices to former president Asif Ali Zardari and National Accountability Bureau (NAB) in the connection with five NAB references that were reopened against him two weeks ago. The accountability court judge Bashi
Published 30 Oct, 2013 12:00am
China Overseas Land Q3 operating profit rises 3 percent

China Overseas Land Q3 operating profit rises 3 percent

China Overseas Land & Investment Ltd, the country's largest property developer by market value, posted a 3 percent rise in third-quarter operating profit, helped by strategic pricing in higher tier cities to counter tightening measures. The state-backed c
Published 30 Oct, 2013 12:00am
Brent oil drops on Libyan export resumption hopes

Brent oil drops on Libyan export resumption hopes

Brent oil futures fell on Tuesday, giving back some of the previous session's sharp gains on expectations that fresh disruptions over the weekend in exports from Opec member Libya could be short-lived. Brent rose 2.5 percent on Monday as reports of Libya'
Published 30 Oct, 2013 12:00am
Rockwell Collins profit misses Wall Street estimates

Rockwell Collins profit misses Wall Street estimates

US aviation electronics supplier Rockwell Collins Inc reported a lower-than-expected quarterly profit on Friday, hurt by weaker defence sales, and its shares fell more than 3 percent. Rockwell Collins is counting on commercial demand to fuel growth as the
Published 30 Oct, 2013 12:00am
Dow, S&P 500 hit at record closing highs

Dow, S&P 500 hit at record closing highs

The Dow and the S&P 500 ended at record closing highs on Tuesday after economic data supported views that the Federal Reserve will keep its stimulus intact for several months and IBM gained after it announced a stock buyback. The Dow Jones industrial aver
Published 30 Oct, 2013 12:00am
Rockwell Collins profit misses Wall Street estimates

Rockwell Collins profit misses Wall Street estimates

US aviation electronics supplier Rockwell Collins Inc reported a lower-than-expected quarterly profit on Friday, hurt by weaker defence sales, and its shares fell more than 3 percent. Rockwell Collins is counting on commercial demand to fuel growth as the
Published 30 Oct, 2013 12:00am
Dow, S&P 500 hit at record closing highs

Dow, S&P 500 hit at record closing highs

The Dow and the S&P 500 ended at record closing highs on Tuesday after economic data supported views that the Federal Reserve will keep its stimulus intact for several months and IBM gained after it announced a stock buyback. The Dow Jones industrial aver
Published 30 Oct, 2013 12:00am
Texas Instruments revenue outlook misses Street

Texas Instruments revenue outlook misses Street

Texas Instruments Inc forecast unexpectedly low fourth-quarter revenue, underscoring concerns about spotty demand for chips for cars, appliances, computers and industrial products and sending its shares lower. Demand for chips used in cars and communicati
Published 30 Oct, 2013 12:00am
Dow, S&P 500 hit at record closing highs

Dow, S&P 500 hit at record closing highs

The Dow and the S&P 500 ended at record closing highs on Tuesday after economic data supported views that the Federal Reserve will keep its stimulus intact for several months and IBM gained after it announced a stock buyback. The Dow Jones industrial aver
Published 30 Oct, 2013 12:00am
Texas Instruments revenue outlook misses Street

Texas Instruments revenue outlook misses Street

Texas Instruments Inc forecast unexpectedly low fourth-quarter revenue, underscoring concerns about spotty demand for chips for cars, appliances, computers and industrial products and sending its shares lower. Demand for chips used in cars and communicati
Published 30 Oct, 2013 12:00am
Halliburton tops estimates on foreign oilfield strength

Halliburton tops estimates on foreign oilfield strength

Buoyant oilfield activity in Russia, Saudi Arabia and Angola helped Halliburton Co narrowly beat expectations on Monday with a 17 percent rise in third-quarter profit, but its shares slipped since its main competitors did even better. The world's second-l
Published 30 Oct, 2013 12:00am
Halliburton tops estimates on foreign oilfield strength

Halliburton tops estimates on foreign oilfield strength

Buoyant oilfield activity in Russia, Saudi Arabia and Angola helped Halliburton Co narrowly beat expectations on Monday with a 17 percent rise in third-quarter profit, but its shares slipped since its main competitors did even better. The world's second-l
Published 30 Oct, 2013 12:00am
Latam oil producers look to Asia for sales

Latam oil producers look to Asia for sales

Latin American crude exporters are sending more oil to Asia after ramping up tenders to get rid of stocks that have swollen on refinery maintenance this quarter in the Americas. At least six companies have sold their South American output via tenders for
Published 30 Oct, 2013 12:00am
Broadcom revenue forecast misses views

Broadcom revenue forecast misses views

Broadcom, which faces growing competition in mobile chips, on Tuesday forecast fourth-quarter revenue that was below Wall Street expectations, sending its shares lower even as third-quarter results topped views. Broadcom also said that during the third qu
Published 30 Oct, 2013 12:00am
Broadcom revenue forecast misses views

Broadcom revenue forecast misses views

Broadcom, which faces growing competition in mobile chips, on Tuesday forecast fourth-quarter revenue that was below Wall Street expectations, sending its shares lower even as third-quarter results topped views. Broadcom also said that during the third qu
Published 30 Oct, 2013 12:00am
Global engineering sales to grow five percent in 2014: Germany's VDMA

Global engineering sales to grow five percent in 2014: Germany's VDMA

Global engineering sales will increase 5 percent in real terms in 2014 - five times as much as this year - as the Chinese market revives, the head of Germany's VDMA industry association said on Monday. "That might sound euphoric but it's not unusual in a
Published 30 Oct, 2013 12:00am
KPN posts quarterly loss, points to E-Plus sale costs

KPN posts quarterly loss, points to E-Plus sale costs

Dutch telecoms operator KPN which last week saw off a hostile take-over bid by Mexico's America Movil, on Tuesday published a net loss of 243 million euros for the third quarter. The dip in profit is mainly related to costs involving the ongoing sale of i
Published 30 Oct, 2013 12:00am
KPN posts quarterly loss, points to E-Plus sale costs

KPN posts quarterly loss, points to E-Plus sale costs

Dutch telecoms operator KPN which last week saw off a hostile take-over bid by Mexico's America Movil, on Tuesday published a net loss of 243 million euros for the third quarter. The dip in profit is mainly related to costs involving the ongoing sale of i
Published 30 Oct, 2013 12:00am
Russian diamond miner Alrosa raises $1.3 billion in share sale

Russian diamond miner Alrosa raises $1.3 billion in share sale

Russia sold a 16 percent stake in state diamond miner Alrosa at the bottom of a planned price range on Monday, highlighting the lack of progress in a state privatisation drive that was supposed to net $13 billion this year. The $1.3 billion stake in Alros
Published 30 Oct, 2013 12:00am
Russian diamond miner Alrosa raises $1.3 billion in share sale

Russian diamond miner Alrosa raises $1.3 billion in share sale

Russia sold a 16 percent stake in state diamond miner Alrosa at the bottom of a planned price range on Monday, highlighting the lack of progress in a state privatisation drive that was supposed to net $13 billion this year. The $1.3 billion stake in Alros
Published 30 Oct, 2013 12:00am
Bankia's turnaround mirrors Spain's hesitant recovery

Bankia's turnaround mirrors Spain's hesitant recovery

A quarterly rise in lending income showed on Monday that Spain's Bankia is on the mend a year after its bailout plunged the country into financial crisis, and added to signs of recovery in the euro zone's fourth-largest economy. The news will strengthen t
Published 30 Oct, 2013 12:00am
Bankia's turnaround mirrors Spain's hesitant recovery

Bankia's turnaround mirrors Spain's hesitant recovery

A quarterly rise in lending income showed on Monday that Spain's Bankia is on the mend a year after its bailout plunged the country into financial crisis, and added to signs of recovery in the euro zone's fourth-largest economy. The news will strengthen t
Published 30 Oct, 2013 12:00am
Japan's NTT buys US cloud computing firms for $875 million

Japan's NTT buys US cloud computing firms for $875 million

NTT Communications said Monday it would pay a combined $875 million for two US-based cloud computing firms, marking the latest major overseas acquisition by a Japanese firm. The telecoms giant said it had agreed to buy Virtela for $525 million, while it w
Published 30 Oct, 2013 12:00am
Japan's NTT buys US cloud computing firms for $875 million

Japan's NTT buys US cloud computing firms for $875 million

NTT Communications said Monday it would pay a combined $875 million for two US-based cloud computing firms, marking the latest major overseas acquisition by a Japanese firm. The telecoms giant said it had agreed to buy Virtela for $525 million, while it w
Published 30 Oct, 2013 12:00am
TransCanada working on projects worth nearly $14 billion targeting Asia

TransCanada working on projects worth nearly $14 billion targeting Asia

TransCanada Corp is participating in projects worth nearly C$14 billion ($13.5 billion) that aim to fill Asia's fast-growing demand for Canadian oil and gas and is eyeing more, the pipeline operator's chief executive said on Wednesday. "We've got somethin
Published 30 Oct, 2013 12:00am
Volvo, Electrolux slash jobs in upset for Swedish economy

Volvo, Electrolux slash jobs in upset for Swedish economy

Swedish industrial heavyweights Volvo trucks and Electrolux announced a total of 4,000 job cuts around the world on Friday when they published disappointing figures for the third quarter. The two companies, major players in the auto and home appliance ind
Published 30 Oct, 2013 12:00am
Falling Thai output raises doubts over recovery

Falling Thai output raises doubts over recovery

Thai factory output fell for a sixth straight month in September, adding to a string of weak data that has raised doubts about how quickly the export-dependent country can exit recession. The output data, unveiled on Monday, came in the wake of surprising
Published 30 Oct, 2013 12:00am
Hollywood must think bigger about China, says producer Janet Yang

Hollywood must think bigger about China, says producer Janet Yang

With a few exceptions, Hollywood studios are moving far more slowly than Chinese companies in the world's second-largest movie market, said US producer Janet Yang, whose works include "The Joy Luck Club" and "Shanghai Calling". Many studios, like Paramoun
Published 30 Oct, 2013 12:00am
Eurozone strugglers set for growth in 2014, albeit slight

Eurozone strugglers set for growth in 2014, albeit slight

The euro zone's weak southern states should post economic growth in 2014, though it may be lacklustre, and they will make grindingly slow progress on narrowing their budget deficits, a Reuters poll showed. Monday's poll of 31 economists showed Greece, Por
Published 30 Oct, 2013 12:00am
India's Bharti Infratel second quarter net rises 12 percent

India's Bharti Infratel second quarter net rises 12 percent

Indian telecommunications tower operator Bharti Infratel Ltd reported on Monday a 12 percent rise in quarterly profit on higher sales from leasing mobile masts to carriers. Bharti Infratel, majority owned by India's top telecommunications carrier Bharti A
Published 30 Oct, 2013 12:00am
India's Bharti Infratel second quarter net rises 12 percent

India's Bharti Infratel second quarter net rises 12 percent

Indian telecommunications tower operator Bharti Infratel Ltd reported on Monday a 12 percent rise in quarterly profit on higher sales from leasing mobile masts to carriers. Bharti Infratel, majority owned by India's top telecommunications carrier Bharti A
Published 30 Oct, 2013 12:00am
Liberty Global in $1 billion deal to sell channels

Liberty Global in $1 billion deal to sell channels

Liberty Global, part of a media empire controlled by US tycoon John Malone, said Monday it was selling most of its international television channels to AMC Networks for some $1 billion. Liberty, which claims to be the largest international cable company w
Published 30 Oct, 2013 12:00am
Lexmark beats estimates as software sales rise

Lexmark beats estimates as software sales rise

Printer maker Lexmark International Inc reported better-than-expected quarterly earnings after winning new orders for its imaging software and services, sending shares in the company up as much as 11 percent. Lexmark, which stopped making inkjet printers
Published 30 Oct, 2013 12:00am
Lexmark beats estimates as software sales rise

Lexmark beats estimates as software sales rise

Printer maker Lexmark International Inc reported better-than-expected quarterly earnings after winning new orders for its imaging software and services, sending shares in the company up as much as 11 percent. Lexmark, which stopped making inkjet printers
Published 30 Oct, 2013 12:00am
EU seeks feedback from rivals over Google antitrust offer

EU seeks feedback from rivals over Google antitrust offer

EU regulators will seek feedback from Google's rivals and other third parties on Monday before deciding whether to accept the Internet search giant's offer to settle a three-year antitrust investigation and stave off a possible fine. In July, competitors
Published 30 Oct, 2013 12:00am
DuPont expects farm demand to boost quarterly profit

DuPont expects farm demand to boost quarterly profit

DuPont, the largest US chemical maker by market value, said it expects earnings to more than double this quarter as its fast-growing agriculture business overcomes traditional seasonal weakness. The company said it expects the business, which supplies far
Published 30 Oct, 2013 12:00am
DuPont expects farm demand to boost quarterly profit

DuPont expects farm demand to boost quarterly profit

DuPont, the largest US chemical maker by market value, said it expects earnings to more than double this quarter as its fast-growing agriculture business overcomes traditional seasonal weakness. The company said it expects the business, which supplies far
Published 30 Oct, 2013 12:00am
British online grocer Ocado seeks overseas partnerships

British online grocer Ocado seeks overseas partnerships

Online grocer Ocado expects to strike an accelerating number of joint ventures with retailers outside its domestic British market, mirroring its deal with the Wm Morrison supermarket chain, its chief executive told Reuters. The value of such deals was hig
Published 30 Oct, 2013 12:00am
Western bank retreat clouds emerging Europe's recovery

Western bank retreat clouds emerging Europe's recovery

Emerging Europe's economies are recovering, but the high growth of the past is unlikely to return soon as western banks that once flooded the region with capital focus on their home markets, an IMF official said. James Roaf, the International Monetary Fun
Published 30 Oct, 2013 12:00am
Western bank retreat clouds emerging Europe's recovery

Western bank retreat clouds emerging Europe's recovery

Emerging Europe's economies are recovering, but the high growth of the past is unlikely to return soon as western banks that once flooded the region with capital focus on their home markets, an IMF official said. James Roaf, the International Monetary Fun
Published 30 Oct, 2013 12:00am
Baltic Trading may spend up to $120 million to buy vessels

Baltic Trading may spend up to $120 million to buy vessels

Baltic Trading Ltd said it may spend up to $120 million to buy vessels as the dry bulk shipping market recovers from a four-year slump. The dry bulk market slipped into a downturn after dozens of vessels ordered before the global recession hit the seas ju
Published 30 Oct, 2013 12:00am
Japan recovery on track, BOJ could ease again by next year

Japan recovery on track, BOJ could ease again by next year

Japan's economic recovery is expected to remain on track this year thanks to public works projects and strong consumer spending but will slow the following fiscal year due to an expected increase in the sales tax, a Reuters poll showed. However, consumer
Published 30 Oct, 2013 12:00am
South Africa GDP view steady, inflation to quicken this year

South Africa GDP view steady, inflation to quicken this year

Inflation in South Africa is likely to quicken this year while growth will only pick up modestly, leaving the central bank with no room to cut interest rates, a Reuters poll found on Thursday. The South African Reserve Bank has kept its benchmark repo rat
Published 30 Oct, 2013 12:00am
Russia to cut rates by end of first quarter 2014, no change this month

Russia to cut rates by end of first quarter 2014, no change this month

Russia's central bank will cut interest rates by a quarter point between now and the end of the first quarter of next year but analysts are divided on the exact timing of the move, a Reuters poll predicted on Tuesday. All 10 analysts saw no rate change at
Published 30 Oct, 2013 12:00am
Rich country investors returning home

Rich country investors returning home

The world's biggest investors may be rethinking 20 years of boosting overseas holdings and are instead seeking more stable cash income at home, as aging societies and tighter regulation dull risk appetite. This heralds a structural shift toward investment
Published 30 Oct, 2013 12:00am
Ireland's economy set to stagnate in 2013

Ireland's economy set to stagnate in 2013

Ireland's economy is expected to stagnate this year, taking the shine off its expected completion of a bailout and limiting room to ease austerity, a Reuters survey of economists showed on Thursday. The euro zone country emerged from recession in the seco
Published 30 Oct, 2013 12:00am
Ghana on track to meet nine percent deficit target

Ghana on track to meet nine percent deficit target

Ghana is on track to meet its 9 percent deficit target for 2013, Vice President Kwesi Amissah-Arthur said in an interview on Tuesday, seeking to reassure investors ahead of a $1 billion Eurobond issue expected this month. Amissah-Arthur, the head of the g
Published 30 Oct, 2013 12:00am
Watchdog vows to stop Poland's banks getting too big

Watchdog vows to stop Poland's banks getting too big

Poland will keep its banking sector more fragmented than in western Europe to prevent a build-up of risks that could hurt its robustness and ultimately impact state finances, the deputy head of Poland's financial regulator KNF said. Wojciech Kwasniak said
Published 30 Oct, 2013 12:00am
Watchdog vows to stop Poland's banks getting too big

Watchdog vows to stop Poland's banks getting too big

Poland will keep its banking sector more fragmented than in western Europe to prevent a build-up of risks that could hurt its robustness and ultimately impact state finances, the deputy head of Poland's financial regulator KNF said. Wojciech Kwasniak said
Published 30 Oct, 2013 12:00am
Ethiopia's GDP to grow 7 percent, could be faster

Ethiopia's GDP to grow 7 percent, could be faster

Ethiopia's economy is likely to grow 7 percent a year over the next three to five years, below its average of the last decade, and to push that rate higher, the government needs to change policy to encourage private investment, the World Bank said. While
Published 30 Oct, 2013 12:00am
Rio sells Australian coal mine stake for $1.02 billion

Rio sells Australian coal mine stake for $1.02 billion

Resources giant Rio Tinto announced the US $1.02 billion sale of its stake in Australia's Clermont thermal coal mine Monday as it seeks to shore up its ailing bottom line. Anglo-Australian company Rio said it had reached a binding agreement to sell its 50
Published 30 Oct, 2013 12:00am
Petrobras-led group wins Brazil oil auction with minimum bid

Petrobras-led group wins Brazil oil auction with minimum bid

In an auction with a single bid, Brazil on Monday sold production rights to develop the giant offshore Libra oil area to a consortium led by Brazilian state-run oil company Petroleo Brasileiro SA. Petrobras took 40 percent of the field, 10 percent above t
Published 30 Oct, 2013 12:00am
Vivendi, Lagardere agree buyout deal

Vivendi, Lagardere agree buyout deal

Vivendi has reached an agreement to buy out partner Lagardere's 20 percent stake in pay-television operator Canal+ France for 1 billion euros, according to Le Monde and Les Echos newspapers. Reacting to the reports, Lagardere said there were ongoing discu
Published 30 Oct, 2013 12:00am
Vivendi, Lagardere agree buyout deal

Vivendi, Lagardere agree buyout deal

Vivendi has reached an agreement to buy out partner Lagardere's 20 percent stake in pay-television operator Canal+ France for 1 billion euros, according to Le Monde and Les Echos newspapers. Reacting to the reports, Lagardere said there were ongoing discu
Published 30 Oct, 2013 12:00am
VW, UAW look to avoid Pennsylvania missteps in Tennessee plant

VW, UAW look to avoid Pennsylvania missteps in Tennessee plant

Both Volkswagen AG management and the United Auto Workers union want to see history play out differently in Tennessee from the last time the German automaker had a US assembly plant. While the landscape is very different from 25 years ago, the legacy of t
Published 30 Oct, 2013 12:00am
Novartis lifts profit forecast for second quarter in a row

Novartis lifts profit forecast for second quarter in a row

Swiss drugmaker Novartis raised its full-year sales and profit forecasts for a second quarter in a row on Tuesday, as it benefited from delays to a cheap, copycat competitor to one of its best-selling drugs, blood pressure pill Diovan. Novartis lost its p
Published 30 Oct, 2013 12:00am
Novartis lifts profit forecast for second quarter in a row

Novartis lifts profit forecast for second quarter in a row

Swiss drugmaker Novartis raised its full-year sales and profit forecasts for a second quarter in a row on Tuesday, as it benefited from delays to a cheap, copycat competitor to one of its best-selling drugs, blood pressure pill Diovan. Novartis lost its p
Published 30 Oct, 2013 12:00am
Australian shares pull back from five-year high

Australian shares pull back from five-year high

Australian shares fell 0.5 percent on Tuesday, pulling back from five-year highs as buying momentum paused ahead of the outcome of the US Federal Reserve's policy-setting meeting this week. Global miners BHP Billiton Ltd and Rio Tinto Ltd hobbled the mark
Published 30 Oct, 2013 12:00am
Indian shares near three-year high

Indian shares near three-year high

Indian shares rose almost 2 percent on Tuesday, snapping a five-day losing streak to hit their highest close in nearly three years, as lenders surged after the central bank raised interest rates in line with expectations. The Reserve Bank of India raised
Published 30 Oct, 2013 12:00am
Tokyo stocks lower

Tokyo stocks lower

Tokyo stocks closed down 0.49 percent Tuesday on profit-taking after a strong rally the previous day as investors await the outcome of a two-day Fed policy meeting. The benchmark Nikkei 225 index fell 70.06 points to 14,325.98, after jumping 2.19 percent
Published 30 Oct, 2013 12:00am
S&P posts another record high

S&P posts another record high

The S&P 500 closed at another record high on Monday as expectations were high that the Federal Reserve will keep its stimulus in place when it meets this week. But the overall market was little changed, with the Dow and Nasdaq ending down slightly, after
Published 30 Oct, 2013 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks edged up 0.2 percent on Tuesday, with Apple Inc suppliers such as Largan Precision gaining as investors ignored Apple's disappointing results and focused on robust demand for its new iPhones and iPads. At about one hour into trade, the main
Published 30 Oct, 2013 12:00am
Treasuries dip after two-year note sale

Treasuries dip after two-year note sale

Prices for US Treasuries dipped on Monday as investors made room for this week's $96 billion in longer-dated government debt supply, with yields hovering near three-month lows. The Treasury kicked off the week's supply with the sale on Monday of $32 billi
Published 30 Oct, 2013 12:00am
Treasuries dip after two-year note sale

Treasuries dip after two-year note sale

Prices for US Treasuries dipped on Monday as investors made room for this week's $96 billion in longer-dated government debt supply, with yields hovering near three-month lows. The Treasury kicked off the week's supply with the sale on Monday of $32 billi
Published 30 Oct, 2013 12:00am
UAE markets down after mixed earnings; Saudi index extends fall

UAE markets down after mixed earnings; Saudi index extends fall

Mixed earnings in UAE triggered marginal profit-taking on Tuesday while Saudi Arabia's bourse declined for a third consecutive session after its largest-listed firm reported earnings that disappointed investors. Abu Dhabi's telecom operator Etisalat weigh
Published 30 Oct, 2013 12:00am
Energy stocks fuel European shares after estimate-beating results

Energy stocks fuel European shares after estimate-beating results

European shares edged higher on Tuesday as estimate-beating results at BP and Saipem fuelled a surge in the oil sector, a laggard in this year's equity rally. Adding to the upbeat crop of results, Finnish handset maker Nokia forecast a more profitable fut
Published 30 Oct, 2013 12:00am
Seoul shares eke out modest gains

Seoul shares eke out modest gains

Seoul shares finished a volatile session modestly higher on Tuesday, with a rally in shipbuilders and chemicals offsetting profit taking in large caps. The Korea Composite Stock Price Index (KOSPI) closed up 0.2 percent at 2,051.76 points on Tuesday, unde
Published 30 Oct, 2013 12:00am
Hong Kong stocks up, China down

Hong Kong stocks up, China down

Hong Kong stocks ended up 0.18 percent on Tuesday, as dealers await the end of the US Federal Reserve's closely watched two-day policy meeting. The benchmark Hang Seng Index added 39.96 points to 22,846.54 on turnover of HK$59.62 billion ($7.70 billion).
Published 30 Oct, 2013 12:00am
Southeast Asian stocks mostly flat

Southeast Asian stocks mostly flat

Indonesia's benchmark index fell to its lowest close in almost one week while Southeast Asian stocks ended mostly flat on Tuesday, with Asian stock markets weaker ahead of the US Federal Reserve's two-day policy-setting meeting. Large-caps such as Bank Ra
Published 30 Oct, 2013 12:00am
BP leads British bluechips to five-month high

BP leads British bluechips to five-month high

Britain's top share index climbed to a five-month high on Tuesday, with investors flocking to buy energy stocks after strong results from BP raised expectations for earnings from the sector. BP was the top-performer on the blue-chip FTSE 100 index, surgin
Published 30 Oct, 2013 12:00am
Indian rupee gains

Indian rupee gains

The Indian rupee strengthened on Tuesday as the central bank's monetary policy was in line with market expectations and traders are now focusing on the outcome of the US Federal Reserve's policy statement due on Wednesday. The Reserve Bank of India raised
Published 30 Oct, 2013 12:00am
Dollar off lows; Aussie slips in Asia

Dollar off lows; Aussie slips in Asia

The dollar inched up on Tuesday, but stayed near a nine-month trough as investors bet the Federal Reserve this week will set the course for its massive stimulus programme to be maintained into early next year. The dollar index edged up slightly to 79.388.
Published 30 Oct, 2013 12:00am
Dollar rises against basket of currencies in London

Dollar rises against basket of currencies in London

The dollar rose against a basket of currencies on Tuesday as investors, already persuaded the Federal Reserve will keep policy ultra-loose in the near term, trimmed bets against it. The dollar index gained for a second day, rising 0.3 percent to 79.478, d
Published 30 Oct, 2013 12:00am
Early trade in New York: dollar keeps climbing

Early trade in New York: dollar keeps climbing

The dollar climbed for a third straight session against a basket of the world's most actively traded currencies on Tuesday as investors, convinced the Federal Reserve will keep US monetary policy ultra-loose well into next year, trimmed bearish bets. The
Published 30 Oct, 2013 12:00am
Dollar surges in New York

Dollar surges in New York

The dollar edged higher on Monday but held close to a nine-month low against major currencies on expectations the Federal Reserve will continue its massive asset purchase program well into next year. The Federal Open Market Committee, the Fed's policy-mak
Published 30 Oct, 2013 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 77.75-77.75 (77.75-77.7525). Call Money Rates: 06.75-08.25 percent (previous 06.50-08.50 percent).
Published 30 Oct, 2013 12:00am
Yuan edges down

Yuan edges down

China's yuan edged down against the dollar on Tuesday, after the central bank weakened its official midpoint for the second day to reflect an overnight rise in the dollar index. Traders say recent rapid yuan appreciation has led to some profit taking this
Published 30 Oct, 2013 12:00am
Emerging Asian currencies largely lower

Emerging Asian currencies largely lower

Emerging Asian currencies were largely lower on Tuesday as investors booked profits before the outcome of the US Federal Reserve policy meeting this week, with the Indonesian rupiah pulling back on selling of domestic bonds by foreign banks. Regional curr
Published 30 Oct, 2013 12:00am
Australian, New Zealand dollar retreat

Australian, New Zealand dollar retreat

The Australian dollar edged lower on Tuesday after the country's top central banker said the currency would fall materially in the future due to deteriorating terms of trade. The Aussie slipped half a cent to a session low of $0.9517 after Reserve Bank of
Published 30 Oct, 2013 12:00am
Sterling slides versus euro

Sterling slides versus euro

Sterling fell to a two-month low against the euro on Tuesday on concerns the UK economy may not be as buoyant as previously thought and on comments from a European Central Bank official. The pound came under selling pressure after a survey on Monday showe
Published 30 Oct, 2013 12:00am
EU calls on Georgia to respect rule of law, democracy

EU calls on Georgia to respect rule of law, democracy

European Commission head Jose Manuel Barroso called Tuesday on Georgia's new president to build on the political and economic gains of his predecessor, by respecting the rule of law and democracy. Speaking with outgoing President Mikheil Saakashvili, Barr
Published 30 Oct, 2013 12:00am
EU renews sanctions on Belarus over rights abuses

EU renews sanctions on Belarus over rights abuses

The European Union renewed Tuesday its sanctions against Belarus, a close ally of Russia, saying it had failed to make sufficient progress on human rights. The decision was taken "because not all political prisoners have been released, no released prisone
Published 30 Oct, 2013 12:00am
Overwhelming UN vote against US embargo of Cuba

Overwhelming UN vote against US embargo of Cuba

A record-equalling 188 countries on Tuesday condemned the five-decade-old US embargo against communist Cuba in an annual UN General Assembly vote that signalled hardening opposition to US sanctions. Only Israel joined the United States in opposing resolut
Published 30 Oct, 2013 12:00am
Polio outbreak in northeast Syria risks spreading: WHO

Polio outbreak in northeast Syria risks spreading: WHO

Polio has broken out among young children in northeast Syria, the World Health Organisation (WHO) confirmed on Tuesday, and could spread inside and outside the country, where civil war has led to falling vaccination rates. Polio, a crippling disease cause
Published 30 Oct, 2013 12:00am
Syrian deputy Prime Minister dismissed after US talks

Syrian deputy Prime Minister dismissed after US talks

Syria's deputy prime minister, Qadri Jamil, was dismissed on Tuesday for leaving the country and acting without government permission after meeting US officials in Switzerland, state media said. The sacked minister is a member of what President Bashar al-
Published 30 Oct, 2013 12:00am
UN inspectors hold 'very productive' nuclear talks with Iran

UN inspectors hold 'very productive' nuclear talks with Iran

The UN nuclear watchdog and Iran held "very productive" talks this week on how to advance a long-blocked investigation into Iranian atomic activities and will meet again in Tehran next month, they said in a rare joint statement on Tuesday. The relatively
Published 30 Oct, 2013 12:00am
Four dead on final day of Bangladesh strike

Four dead on final day of Bangladesh strike

Four people were killed in strikes across Bangladesh Tuesday, bringing to 20 the death toll in demonstrations aimed at forcing the premier to make way for a caretaker government ahead of elections. An official said officers opened fire on remote Kutubdia
Published 30 Oct, 2013 12:00am
North Korea upgrading main missile launch site: US think-tank

North Korea upgrading main missile launch site: US think-tank

North Korea has undertaken major construction work at its main missile launch site, possibly to cater to larger and more mobile weapons, a US think-tank said Tuesday. Satellite images taken earlier this month suggest construction of a second flat mobile l
Published 30 Oct, 2013 12:00am
Obamacare official apologises for website glitches

Obamacare official apologises for website glitches

The head of the US agency responsible for the troubled new government-run healthcare website apologised on Tuesday for the difficulty people are having in obtaining insurance, but blamed the portal's woes on contractors and high traffic. Marilyn Tavenner,
Published 30 Oct, 2013 12:00am
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