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Updated: 18 min 28 sec ago
U.S. slips in WEF's competitiveness rankings
BEIJING (Reuters) - Switzerland remains the world's most competitive economy, while the United States has fallen from second to fourth after losing the top spot last year, according to the World Economic Forum's annual rankings issued on Thursday.
Categories: Financial Media
Goldman Sachs fined $30.9 million in UK: report
LONDON (Reuters) - Goldman Sachs has been fined 20 million pounds ($30.9 million) by the UK's financial regulator for failing to disclose it was under fraud investigation by its U.S. counterpart, the BBC reported on Wednesday.
Categories: Financial Media
Economists cut U.S. growth forecast again
WASHINGTON (Reuters) - Projected U.S. economic growth for the rest of this year and next was revised down for a third month in a row by a panel of about 50 economists.
Categories: Financial Media
Australia regulator blocks NAB's $12 billion AXA unit bid
SYDNEY (Reuters) - Australia's competition regulator blocked National Australia Bank's $12 billion bid for AXA Asia Pacific for a second time, dashing NAB's efforts to cement its dominance in the world's fourth-largest wealth management market.
Categories: Financial Media
Asia stocks rise, yen steady but outlook unclear
HONG KONG (Reuters) - Asian stocks edged up and the yen held below a 15-year high on Thursday, after a small rally on Wall Street driven by successful European bond auctions gave investors an excuse to lighten up on their bets.
Categories: Financial Media
China prepares further property tightening
BEIJING (Reuters) - Some Chinese cities are preparing fresh property tightening steps as housing transactions and prices show signs of a rebound, reinforcing market expectations that Beijing will not ease its grip on the sector any time soon.
Categories: Financial Media
FDIC's Bair warns of government "exposure" in mortgages
WASHINGTON (Reuters) - A key U.S. banking regulator raised concern on Wednesday about the risk of "exposure" the government is taking on in the mortgage market and urged more stringent standards for underwriting mortgages.
Categories: Financial Media
Lloyds set to sell Crest Nicholson stake: report
LONDON (Reuters) - Lloyds Banking Group is to sell its stake in bank-owned housebuilder Crest Nicholson for 150 million pounds ($232 million), the Financial Times said on Thursday.
Categories: Financial Media
UBS hires two bankers for Singapore-based private bank unit
SINGAPORE (Reuters) - UBS has hired two bankers to join its ultra high net-worth team in Singapore, the bank said in an internal memo.
Categories: Financial Media
Obama: U.S. can't afford to extend tax cuts for rich
PARMA, Ohio (Reuters) - President Barack Obama, fighting to keep Democrats in charge of Congress, said on Wednesday the United States could not afford to extend Bush-era tax cuts for the rich and accused Republicans of being fiscally irresponsible.
Categories: Financial Media
BP points fingers in oil spill blame game
LONDON/WASHINGTON (Reuters) - BP Plc and its Gulf of Mexico oil well partners traded blame on Wednesday after an internal BP investigation tried to downplay the company's role in the world's biggest offshore spill.
Categories: Financial Media
Hurd's Oracle hire package worth millions
SAN FRANCISCO/NEW YORK (Reuters) - Oracle Corp has offered its new co-president, former Hewlett-Packard chief Mark Hurd, a hiring package with a bonus of up to $10 million and options potentially worth tens of millions more.
Categories: Financial Media
BP and partners trade blame for oil spill
LONDON/WASHINGTON (Reuters) - BP Plc and its Gulf of Mexico oil well partners traded blame on Wednesday after an internal BP investigation tried to downplay the company's role in the world's biggest offshore spill.
Categories: Financial Media
Wall Street climbs in low-volume session
NEW YORK (Reuters) - Stocks rose on Wednesday as investors latched onto positive news out of Europe in the latest in a string of low-volume sessions suggesting little confidence in market direction.
Categories: Financial Media
Google seeks to speed up Web searches
SAN FRANCISCO (Reuters) - Google Inc's search engine now displays results before users finish typing.
Categories: Financial Media
More stimulus needed for economy: Geithner
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Wednesday the United States needed more incentives to stimulate job growth and bolster a slow recovery from a "savage" recession.
Categories: Financial Media
Hurd's Oracle hire package worth millions
SAN FRANCISCO/NEW YORK (Reuters) - Oracle Corp has offered its new co-president, former Hewlett-Packard chief Mark Hurd, a hiring package with a bonus of up to $10 million and options potentially worth tens of millions more.
Categories: Financial Media
SEC says proposed Citi settlement is fair
WASHINGTON (Reuters) - The top securities regulator defended its proposed $75 million settlement with Citigroup , saying the penalty reasonably accounts for the seriousness of the bank's alleged misconduct, according to a document filed in court on Wednesday.
Categories: Financial Media
Obama: U.S. can't afford to extend tax cuts for rich
PARMA, Ohio (Reuters) - President Barack Obama, fighting to keep Democrats in charge of Congress, said on Wednesday the United States could not afford to extend Bush-era tax cuts for the rich and accused Republicans of being fiscally irresponsible.
Categories: Financial Media
Crisis CEOs Sullivan and Peek find new jobs
NEW YORK (Reuters) - Two former chief executives who were criticized during the financial crisis for driving their firms to the brink have found new homes.
Categories: Financial Media
