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Japan's Economy Sputters; Bank of Japan Under Pressure
Japan suffered the biggest fall in factory output in more than a year in June and manufacturers see more cuts in July, boding ill for the fragile economic recovery in the face of a strong yen and weakening overseas demand.
The SEC still needs to escape regulatory capture. Here's how.
FORTUNE -- It's a natural human tendency to rely on the opinions of friends. We all do it, but, given the right circumstances, that impulse can endanger anything from interpersonal relationships to world economies. The more responsibility people have for
Experience on Wall Street? Don't run for office.
FORTUNE -- Poor John Kasich. When he made that fateful decision in January 2001, he was just doing what politicians have done since time immemorial: he was taking a cushy Wall Street job between a couple of public office gigs in order to pad the family
Wonkbook: Fed says action possible; Senate Dems split on climate bill; jobless benefits pass
In testimony before the Senate, Fed chair Ben Bernanke appeared to embrace a sort of reverse-Augustinian view of further measures to help the economy: It will remain chaste now, but reserves the right to intervene more aggressively later. That might be
At Fed, Worries of Deflation
WASHINGTON A subtle but significant shift appears to be occurring within the Federal Reserve over the course of monetary policy as the economic recovery is weakening. James Bullard, president of the Federal Reserve Bank of St. Louis. On Thursday, James
Fed's Downbeat Outlook Weighs on Asian Markets
This is a transcript of top stories presented by China's CCTV Business Channel as produced by CNBC Asia Pacific. Hello to our viewers all over China. You're watching “Asia Market Daily”, co-produced by CCTV Business Channel and CNBC, first in
European Stocks Fluctuate; Energy, Industrial-Goods Shares Gain
July 30 (Bloomberg) -- European stocks fluctuated as gains by energy and industrial-goods companies offset declines in food shares. The Stoxx Europe 600 Index was little changed at 256.3 as of 8:07 a.m. in London. To contact the editor responsible for
European Stocks Fluctuate Before U.S. GDP Data; Gamesa Gains
(Removes reference to Gamesa gaining in headline.) July 30 (Bloomberg) -- European stocks fluctuated as investors awaited a report on U.S. gross domestic product for signs about the strength of the world’s largest economy. Asian equities fell and U.S.
Connaught under-reported debt levels, says Connaught broker
"Aggressive management" of supplier and subcontractor payments in the run in to the end of the financial year had significantly reduced the debt levels reported to shareholders, claimed Richard Bennett, an analyst at Altium Securities, the company's
FTSE rally meets resistance as Rexam retreats
The fund, which recently called for Michael Grade to step down as chairman of the film studios, increased its stake from 18pc to almost 25pc after buying around 3m shares. Last month on the eve of Pinewoood's annual meeting Crystal Amber called for Mr
Asian Stocks Decline on Japan’s Jobless; Yen Near 8-Month High
By Akiko Ikeda July 30 (Bloomberg) -- Asian stocks fell for first time in six days after Japans industrial production slid and a gain in unemployment signaled the worlds second-largest economy may slow. The yen rose to an eight-month high versus the
European Stock-Index Futures Retreat; Lafarge, EDF May Move
July 30 (Bloomberg) -- European and U.S. stock-index futures declined and Asian shares fell before today’s U.S. gross domestic product report that may show growth slowed in the world’s largest economy. Cement makers may be active after Lafarge SA,
U.S. Oil Imports Soar as Contango Bets Slide: Energy Markets
By Asjylyn Loder July 30 (Bloomberg) -- Oil imports into the Gulf of Mexico region surged to a record last week as the profits from floating storage evaporated, pushing traders to unload their cargoes and forcing crude futures lower. The price advantage
Li Lu, Hedge Fund Manager, May Help Berkshire Find Deals Abroad
By Andrew Frye July 30 (Bloomberg) -- Li Lu, the hedge-fund manager who helped Berkshire Hathaway Inc. find profits in China, may push Warren Buffetts investment company to make more deals outside the U.S. if he takes a role at the company. He is a
Asian Currencies Rise This Week, Led by Peso, on Growth, Rates
By Lilian Karunungan July 30 (Bloomberg) -- Asian currencies strengthened this week, led by the Philippine peso and Indonesias rupiah, as the fastest economic growth in the world and relatively high interest rates attracted funds to the region. The peso,
BME to overhaul trading system
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Asian Stocks Decline on Japan’s Jobless; Yen at 8-Month High
By Akiko Ikeda July 30 (Bloomberg) -- Asian stocks fell for first time in six days after a surprise drop in Japans industrial production and an increase in unemployment signaled the worlds second- largest economy may slow. The yen rose to an eight-month
Citigroup settles with SEC for $75m
The bank and two executives, including former chief financial officer Gary Crittenden, agreed to settle the charges, which stem from mid-2007. At the time, the SEC alleged that between July and mid-October 2007, the bank told investors that its sub-prime
Managing debt key challenge for US economy: IMF
By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) -- An economic recovery is "underway" in the United States, but the country's ability to manage its growing public debt has become a major challenge, the International Monetary Fund said
Managing debt key challenge for US economy: IMF
The International Monetary Fund says an economic recovery is 'underway' in the United States, but the country’s ability to manage its growing public debt has become a major challenge.
Cisco Halt Exposes Flaw as NYSE Amex Handles Nasdaq Trading
July 30 (Bloomberg) -- The five-minute halt in Cisco Systems Inc. yesterday highlighted a flaw in how NYSE Amex executes orders it can’t fill on its book at the best price. Cisco stopped trading for five minutes following a 100- share execution on Amex
Japanese Stocks Decline on Weaker Factory Output, Deflation
July 30 (Bloomberg) -- Japanese stocks fell after industrial production dropped unexpectedly and consumer prices declined more than estimated, raising concerns the nation’s economic recovery will stall. Kobe Steel Ltd., Japan’s fourth-largest steel
Wyly Brothers’ $550 Million Stock Sales Prompt SEC Fraud Claim
By Bloomberg July 30 (Bloomberg) -- Samuel Wyly and Charles Wyly, the Texan brothers and entrepreneurs who funded ads helping George W. Bushs presidential campaigns, were sued by U.S. regulators who accused them of misleading investors while selling
The Five Dumbest Things on Wall Street: July 30
SCOR) would be able to keep score. Sadly, that doesn't seem to be the case. ComScore admitted on Tuesday that it underreported the number of Yahoo!(YHOO) page views by U.S. Internet users in June by more than 1 billion. The Internet traffic-counter also
Asian Stocks, Oil Drop on Japan Jobless Data; Yen Strengthens
By Akiko Ikeda July 30 (Bloomberg) -- Asian stocks fell for first time in six days after a surprise drop in Japans industrial production and an increase in unemployment signaled the worlds second- largest economy may slow. The yen climbed against higher-
Fed's Bullard: Long-term deflation possible
James Bullard, president of the Federal Reserve Bank of St. Louis, argues in a new paper that large-scale quantitative easing -- or purchases of government bonds and other assets by the central bank -- would be the best policy tool to prevent that
Americans are not moving to find jobs in slow economy
Labor mobility has nearly ground to a halt in the past two years, and policymakers are increasingly worried that the slowdown is not just a symptom of the nation's economic struggles but also a barrier to overcoming them. With many people locked in homes
Citigroup to pay $75M to SEC
The SEC's resolution of the case with Citigroup, following a $550 million settlement with Goldman Sachs this month, represents the third time this year that a major bank has agreed to regulatory sanctions for behavior that fueled the financial crisis.
Women more optimistic than men about economy
There is a widening divide between men and women when it comes to their outlook for the economy and their own financial situations in the next twelve months, according to a new nationwide survey issued today by Citigroup and conducted by Hart Research
UBS Sees ‘Attractive Opportunity’ in Emerging Markets
By Shiyin Chen (Adds comment by strategist in third paragraph.) July 30 (Bloomberg) -- Developing-nation stocks offer investors an attractive opportunity at current valuations, led by Russia, China and Brazil, according to UBS AG. Global emerging market,
