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Stocks

(most talked about stocks of the last 24 hours)

RST - JPM - GS - ICE - AIG - TCKB.TO - AXP - AXC.TO - BAC - MS - MGA.TO - C - THI.TO - GM - BX - AA - ALL

Top Stories

(most popular stories in the last 24 hours)

No sign Iran seeks nuclear arms: new IAEA head
2009/07/03 - 06:23PM EST
VIENNA (Reuters) - The incoming head of the U.N. nuclear watchdog said on Friday he did not see any hard evidence Iran was trying to gain the ability to develop nuclear arms.
Iranian cleric says UK embassy staff face trial
2009/07/03 - 06:07PM EST
TEHRAN (Reuters) - A senior Iranian cleric warned on Friday that detained British embassy staff would face trial for their alleged role in post-election unrest, and EU countries summoned Iranian envoys to protest against the detentions.
Russia loosens clasp on NGOs ahead of Obama visit
2009/07/03 - 05:52PM EST
MOSCOW (Reuters) - The Kremlin eased some restrictions on Russian NGOs on Friday ahead of a visit by U.S. President Barack Obama, in the first major move to strengthen civil society since President Dmitry Medvedev took office. The move was applauded by human rights activists, who said that the reforms cover only a third of NGOs and a lot more remains to be done to improve Russia's human rights record.
Israeli sub sails Suez, signaling reach to Iran
2009/07/03 - 05:27PM EST
JERUSALEM (Reuters) - An Israeli submarine sailed the Suez Canal to the Red Sea as part of a naval drill last month, defense sources said on Friday, describing the unusual maneuver as a show of strategic reach in the face of Iran.
U.S. sounds out Arabs on Israel gestures: diplomats
2009/07/03 - 05:27PM EST
JERUSALEM (Reuters) - The United States and its Western allies are sounding out Arab governments to see if they might ease sanctions on Israel if it stopped building Jewish settlements on Palestinian territory, diplomats said on Friday.
Medici lawyer says Kohn didn't get Madoff payments
2009/07/03 - 05:17PM EST
NEW YORK/VIENNA (Reuters) - Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday.
No sign Iran seeks nuclear arms: new IAEA head
2009/07/03 - 04:26PM EST
VIENNA (Reuters) - The incoming head of the U.N.'s nuclear watchdog said Friday he did not see any hard evidence that Iran was trying to gain the ability to develop nuclear weapons.
Russian PM calls on U.S. to shelve missile shield: media
2009/07/03 - 02:50PM EST
MOSCOW (Reuters) - Russian Prime Minister Vladimir Putin on Friday called on the United States to move relations forward by shelving plans for a missile defense shield in Europe, news agencies reported.
U.S. parents think twice about sending kids to camp
2009/07/03 - 02:47PM EST
NEW YORK (Reuters) - Since its opening last week, camp counselors at New Jersey's Liberty Lake Day Camp disinfect door knobs, take the temperatures of children as they arrive and remind the campers not to share canned sodas.
No Russia-U.S. arms deal yet: sources
2009/07/03 - 02:45PM EST
MOSCOW (Reuters) - U.S. and Russian negotiators have still not reached agreement on cutting stocks of their deadliest nuclear weapons ahead of President Barack Obama's first visit to Moscow on Monday, sources close to the talks said.


All Stories

(news stories from the last 24 hours)

Market News

Brazil's central bank calls auction to buy dollars
2009/07/03 - 06:08PM EST
SAO PAULO, July 3 (Reuters) - Brazil's central bankoffered to buy U.S. dollars on the spot foreign exchange marketon Friday, seeking to soak up a flood of greenbacks pouringinto the country.
Dollar status unlikely to be in G8 communique: G8 source
2009/07/03 - 06:18PM EST
(Reuters) - The dollar's status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week's Group of Eight summit, a European G8 source involved in preparations for the meeting said on Friday.
Job security key issue in Air Canada labor talks
2009/07/03 - 05:52PM EST
ACEA.TO ACB.TO ACA.TO
OTTAWA, July 3 (Reuters) - Air Canada's biggestunion may push for additional job security in labor talks withthe debt-heavy airline and a federally appointed mediator onFriday, but it doesn't expect a quick resolution.
Croat president mandates Kosor to form government
2009/07/03 - 05:45PM EST
ZAGREB, July 3 (Reuters) - Croatian President Stjepan Mesicmandated former Deputy Prime Minister Jadranka Kosor on Fridayto form a new centre-right coalition government after PrimeMinister Ivo Sanader unexpectedly stepped down this week.
UDPATE 2-Canada defends US$ as global reserve currency
2009/07/03 - 05:25PM EST
* Forecasts higher jobless rates in Canada, U.S. (Adds context, remarks on regulation, paragraphs 2-3, 14-15)
UPDATE 1-Lower taxes to lure firms to Canada-Flaherty
2009/07/03 - 05:15PM EST
THI.TO
* Sees combined federal, provincial rate of 25 pct (Adds comment, details)
UPDATE 4-Nabucco gas intergovernment deal to be signed July 13
2009/07/03 - 04:57PM EST
* Agreement to boost competition with rival Russian pipeline
GATX tests, replaces axles in Italy after train blast
2009/07/03 - 04:45PM EST
GMT
ROME, July 3 (Reuters) - GATX Rail Europe, the owner of therailcar which exploded in Italy this week killing 22 people,said on Friday it was testing and replacing axles on all itswagons carrying liquified gas in the country as a precaution.
UPDATE 1-India may reduce U.S. dollar role in FX basket
2009/07/03 - 04:40PM EST
AIX-EN-PROVENCE, France, July 3 (Reuters) - The weight ofthe dollar in the basket of currencies that helps set the rateof India's partially convertible rupee currency may bereduced, a senior Indian government adviser said on Friday.
Banks, defensives push FTSE to close higher
2009/07/03 - 04:34PM EST
LONDON, July 3 (Reuters) - Britain's leading equity indexclosed marginally higher on Friday as positive financial anddefensive stocks outpaced weaker commodity shares, which trackeda decline in crude and metals prices.

Business News

Dollar status unlikely to be in G8 communique: G8 source
2009/07/03 - 06:18PM EST
(Reuters) - The dollar's status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week's Group of Eight summit, a European G8 source involved in preparations for the meeting said on Friday.
Major nations should back dollar as key currency: Japan
2009/07/03 - 06:18PM EST
TOKYO (Reuters) - Major countries should support the dollar as the key international currency, although emerging nations may discuss a new global reserve currency on the sidelines of the G8 summit next week, a Japanese official said on Friday.
Oil falls below $66 after bleak U.S. jobs data
2009/07/03 - 05:42PM EST
LONDON (Reuters) - Oil dropped a dollar to below $66 a barrel on Friday after unemployment data hardened views economic weakness would sap energy demand and that last month's rally was overdone.
Medici lawyer says Kohn didn't get Madoff payments
2009/07/03 - 05:17PM EST
NEW YORK/VIENNA (Reuters) - Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday.
FACTBOX: Chinese investments in commodities, energy sectors
2009/07/03 - 05:11PM EST
AXC.TO AA TCKB.TO
(Reuters) - Canada's Teck Resources said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp through a private placement that will raise C$1.74 billion ($1.5 billion) and help the miner pay down debt.
CEOs use Obama visit to press Russia on rule of law
2009/07/03 - 05:08PM EST
MOSCOW (Reuters) - U.S. businessmen are expected to use a Russia-U.S. business summit on Tuesday to press Moscow to rein in corruption and improve conditions for western companies operating in the country.
Oil brokerage PVM names rogue trader behind oil spike
2009/07/03 - 02:19PM EST
ICE MS
LONDON (Reuters) - PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorized trades earlier this week which landed the firm with a loss of nearly $10 million.
FACTBOX: PVM and the roll call of rogue traders
2009/07/03 - 02:19PM EST
(Reuters) - PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorized Brent crude futures trades which landed the firm with a loss of nearly $10 million.
China moves on Opel with BAIC bid
2009/07/03 - 02:15PM EST
FRANKFURT/MUNICH (Reuters) - A Chinese automaker has offered to buy a stake in General Motors unit Opel, challenging a deal from Canadian auto parts supplier Magna, sources said on Friday.
No Russia-U.S. arms deal yet: sources
2009/07/03 - 01:08PM EST
MOSCOW (Reuters) - U.S. and Russian negotiators have still not reached agreement on cutting stocks of their deadliest nuclear weapons ahead of President Barack Obama's first visit to Moscow on Monday, sources close to the talks said.

Economic News

TOPWRAP 2-Weak data affirms sombre economic mood
2009/07/03 - 02:16PM EST
* US job cuts dampen recovery hopes, dent stock markets
UPDATE 2-Japan's new forex tsar seen sticking current stance
2009/07/03 - 09:40AM EST
(For more stories on the Japanese economy, click [ID:nECONJP])
DIARY - Today in Germany - July 3
2009/07/03 - 05:00AM EST
For German corporate events diary click on [WEU/EQUITY]
DIARY - Germany - to August 5
2009/07/03 - 05:00AM EST
For Today in Germany diary double-click on [DE/DIARY]
DIARY - Economic Indicators in Germany from July 3
2009/07/03 - 05:00AM EST
======================================================
UPDATE 1-Ford sales jump, rest of Canada auto sector slumps
2009/07/02 - 09:30PM EST
F
* Ford Canada CEO expects overall market rebound in Q4 (Adds details, background)
DIARY-Federal Reserve Events
2009/07/02 - 08:35PM EST
SINGAPORE - Global Interdependence Center holds "Food andWater: Basic Challenges to International Stability" conference.Participants include Federal Reserve Bank of PhiladelphiaPresident Charles Plosser. Agenda, other details TBA. Contact:215 898 9453 or jfornito@interdependence.org.Information/online registration:http://www.interdependence.org/Event-11-12-09.php-------------------------------------------------------------
TABLE-U.S. M-2 money supply up $300 mln June 22 week
2009/07/02 - 08:30PM EST
NEW YORK, July 2 (Reuters) - U.S. M-2 money supply rose by$300 million in the June 22 week to $8,369.2 billion, theFederal Reserve said on Thursday.
WRAPUP 3-US job losses spike in June, dampen recovery hopes
2009/07/02 - 05:31PM EST
* Jobless rate hits 9.5 percent, highest since August 1983
TOPWRAP 4-Rising US, euro zone joblessness hits recovery hope
2009/07/02 - 05:10PM EST
* US unemployment at 26-year high, Europe at 10-year peak

Banking News

Swiss Re says 2008 insured losses $50 bln for industry
2008/12/18 - 08:01PM EST
ZURICH (Reuters) - Swiss Re said insured losses soared to$50 billion for the industry in 2008, making it the secondcostliest year ever.
HSBC extends slide on capital, Asia growth worries
2008/12/18 - 08:01PM EST
LONDON (Reuters) - HSBC Holdings sharesfell over 5 percent on Thursday to extend a 6-day retreat to 16percent as concern mounted it could raise capital or cut itsdividend to keep its balance sheet advantage.
AIG CEO puts off meeting with critical congressman
2008/12/18 - 08:01PM EST
ALL AIG
NEW YORK (Reuters) - American International Group Inc Chief Executive Edward Liddy has asked for more timebefore meeting with U.S. Rep. Elijah Cummings, who has beencritical of the insurer and management in recent weeks.
EU approves Santander's purchase of B&B assets
2008/12/18 - 08:01PM EST
BRUSSELS (Reuters) - Spanish banking group Santander won permission from EU competition authorities onThursday to acquire assets including deposits and branches ofBritish mortgage lender Bradford & Bingley .
Generali says 2009 targets no longer valid
2008/12/18 - 08:01PM EST
* Technical performance should see further improvements
Deutsche ups stake in Springer to 8.4 pct
2008/12/18 - 08:00PM EST
* Private equity Hellman & Friedman pays off loan withstake
EU clears Belgian 3.5 bln euro KBC recapitalisation
2008/12/18 - 08:00PM EST
BRUSSELS (Reuters) - The European Commission on Thursdayapproved Belgium's emergency 3.5 billion euro ($5 billion)recapitalisation of KBC , aimed at helping the bankingand insurance group through the financial crisis.
US credit card rule changes approved by regulator
2008/12/18 - 08:00PM EST
AXP JPM MA BAC C DFS V
WASHINGTON (Reuters) - Rules aimed at preventing creditcard holders from being hit by unfair and deceptive practicessuch as surprise fees and interest-rate hikes were approved onThursday by a U.S. banking regulator.
Fed buys $2.4 billion of Fannie, Freddie, FHLB debt
2008/12/18 - 08:00PM EST
NEW YORK (Reuters) - The Federal Reserve bought $2.4billion of Fannie Mae , Freddie Mac and FederalHome Loan Banks debt in permanent coupon purchases on Thursdayin an ongoing effort to lower mortgage rates.
Citigroup says increasing its lending
2008/12/18 - 08:00PM EST
C
NEW YORK (Reuters) - Citigroup Inc has boosted itslending after receiving government money and has set up acommittee of senior executives to make sure it is using thosefunds properly, according to an internal memo obtained byReuters.

After The Bell

AFTER THE BELL-Staples stock jumps as outlook reaffirmed
2008/10/29 - 09:04PM EST
NEW YORK, Oct 29 (Reuters) - Staples Inc stock
AFTER THE BELL-Biogen shares dive after brain infection report
2008/10/29 - 08:51PM EST
slid 10.6 percent to $37.50 in after-hours trading
AFTER THE BELL-Hartford stock drops after cutting outlook
2008/10/29 - 08:34PM EST
HIG
NEW YORK, Oct 29 (Reuters) - Shares of Hartford Financial
CORRECTED - AFTER THE BELL- Netgear falls 3.6 pct on Q3 results
2008/10/23 - 08:45PM EST
(Corrects in first paragraph to show shares fell instead ofrose)
AFTER THE BELL-Flextronics stock rises 5 pct on results
2008/10/23 - 08:28PM EST
NEW YORK, Oct 23 (Reuters) - Shares of FlextronicsInternational Ltd jumped 5 percent to $3.93 inafter-hours trading on Thursday after the contract electronicsmanufacturer posted second-quarter results.
AFTER THE BELL-Microsoft shares rise after results beat Street
2008/10/23 - 08:20PM EST
NEW YORK, Oct 23 (Reuters) - Shares of Microsoft Corp rose 5.3 percent to $23.50 in extended trade onThursday after the software maker's quarterly earnings beat theaverage Wall Street estimate. For details see [ID:nWNAB1062]
AFTER THE BELL-Juniper shares rise after results
2008/10/23 - 08:15PM EST
NEW YORK, Oct 23 (Reuters) - Shares of Juniper Networks Inc rose 2.4 percent after the company postedthird-quarter results and expressed cautious optimism aboutnear-term opportunities.
AFTER THE BELL-Allstate shares fall, Amgen jumps
2008/10/22 - 08:23PM EST
ALL
NEW YORK, Oct 22 (Reuters) - Shares of Allstate Corp fell 7.1 percent to $26.23 in extended trade onWednesday after the insurer reported its quarterly results. Fordetails, see [ID:nWNAB0122]
AFTER THE BELL-Amazon shares drop after posting weak Q4 outlook
2008/10/22 - 08:17PM EST
NEW YORK, Oct 22 (Reuters) - Shares of Amazon.com fell 13.4 percent in extended trading on Wednesday after theonline retailer's fourth-quarter revenue expectations fellshort of analyst expectations.
AFTER THE BELL-Apple shares rise after results
2008/10/21 - 09:17PM EST
NEW YORK, Oct 21 (Reuters) - Shares of iPhone-maker Apple rose 2.7 percent in after-hours trading on Tuesday,after reporting quarterly results.

Before The Bell

BEFORE THE BELL-GM shares up 1.6 percent on global sales
2008/10/29 - 01:03PM EST
GM
NEW YORK, Oct 29 (Reuters) - Shares of General Motors Corp
BEFORE THE BELL-Kraft up after Q3 results
2008/10/29 - 12:13PM EST
KFT
NEW YORK, Oct 29 (Reuters) - Kraft Foods Inc rose
BEFORE THE BELL-Corning down after quarterly results
2008/10/29 - 11:34AM EST
GLW
NEW YORK, Oct 29 (Reuters) - Shares of Corning Inc
BEFORE THE BELL-Target up on Pershing Square announcement
2008/10/28 - 01:19PM EST
TGT
NEW YORK, Oct 28 (Reuters) - Shares of Target rose
BEFORE THE BELL-US Steel up after Q3 earnings beats views
2008/10/28 - 12:41PM EST
X
NEW YORK, Oct 28 (Reuters) - Shares of US Steel Corp
BEFORE THE BELL-Cisco shares jump on Goldman action
2008/10/28 - 12:22PM EST
jumped more than 4 percent to $16.77 before the bell
BEFORE THE BELL-Boeing up on possible end to strike
2008/10/28 - 12:10PM EST
BA
NEW YORK, Oct 28 (Reuters) - Boeing shares rose 6.5
BEFORE THE BELL-Google rises after broker view
2008/10/28 - 12:00PM EST
Google Inc rose about 3 percent to $338.50 before the
BEFORE THE BELL-Exxon Mobil, other energy shares fall
2008/10/27 - 12:21PM EST
CVX COP XOM
Shares of Exxon Mobil Corp fell 3.2 percent to
BEFORE THE BELL-National City dives after buyout news
2008/10/24 - 01:29PM EST
C NCC
tumbled 31.6 percent to $1.88 before the opening bell

Funds News

China National in YPF talks with Repsol-Bloomberg
2009/07/03 - 02:59PM EST
AXC.TO
MADRID, July 3 (Reuters) - State-run China NationalPetroleum Corp (CNPC) is among bidders looking to buy theArgentinian unit of Spanish oil major Repsol , newsagency Bloomberg quoted a Chinese government official as saying.
Morgan Stanley hikes copper price view on China
2009/07/03 - 12:15PM EST
MS
LONDON, July 3 (Reuters) - Morgan Stanley has hikedits 2009 and 2010 copper price forecasts, partly because of astrong recovery in China, the world's largest consumer of themetal used in power and constrution.
UPDATE 2- Oil brokerage PVM names rogue trader
2009/07/03 - 12:10PM EST
ICE MS
LONDON, July 3 (Reuters) - PVM Oil Futures Limited said onFriday Steve Perkins, a senior broker based at the firm's Londonoffice, was responsible for unauthorised trades earlier thisweek which landed the firm with a loss of nearly $10 million.
UPDATE 1-Carlyle, Primus among bidders for AIG unit-sources
2009/07/03 - 12:00PM EST
C AIG
HONG KONG/TAIPEI, July 3 (Reuters) - Global investorsCarlyle [CYL.UL] and Primus are among the bidders for AIG's Taiwan insurance unit, sources said on Friday, as thetroubled U.S. insurer looks to divest some of its global assets.
Carlyle, Primus among bidders for AIG Taiwan unit-sources
2009/07/03 - 10:59AM EST
C AIG
HONG KONG/TAIPEI, July 3 (Reuters) - Global investors Carlyle[CYL.UL] and Primus are among the bidders for AIG's Taiwan insurance unit, sources said on Friday, as the troubledU.S. insurer aims to get rid of some of its global assets.
Michael Jackson's death could benefit Dutch fund
2009/07/03 - 10:31AM EST
* Fund ABP interested in buying Jackson's Beatles collection
Beijing asks China Mobile to buy ICBC shares-media
2009/07/03 - 05:04AM EST
GS AXP
BEIJING, July 3 (Reuters) - China's state asset watchdog isencouraging China Mobile , the world's biggest mobilephone carrier by users, to buy shares in the country's biggestcommercial bank ICBC , state media reported on Friday.
CORRECTED - UPDATE 4-U.S. regulators close seven banks
2009/07/03 - 04:02AM EST
WASHINGTON, July 2 (Reuters) - U.S. bank regulators closedseven institutions on Thursday, including six banks in Illinoiscontrolled by one family and a small bank in Dallas, bringingthe total number of U.S. bank failures to 52 so far this year.
UPDATE 1-Divestment measure at Vanguard gets lower totals
2009/07/02 - 11:56PM EST
* Vanguard opposed resolutions targeting Sudan (Adds Vanguard spokeswoman)
UPDATE 1-US toxic securities funds launch seen at $20 bln
2009/07/02 - 10:53PM EST
WASHINGTON/NEW YORK, July 2 (Reuters) - The U.S. Treasurywill launch its public/private investment fund program to buyup toxic securities with an initial funding of $20 billionfrom public and private sources, a level scaled backconsiderably from initial plans, people familiar with thematter said on Thursday.

Private Equity

UPDATE 3-UK boilermaker Baxi agrees merger with De Dietrich
2009/07/03 - 04:01PM EST
LONDON, July 3 (Reuters) - Debt-troubled UK heating productsmaker Baxi [BCPRTG.UL] said on Friday it had agreed to mergewith Dutch rival De Dietrich Remeha to boost its capitalposition and create one of Europe's biggest heating productscompanies.
EU mergers and takeovers (July 3)
2009/07/03 - 03:41PM EST
GE
BRUSSELS, July 3 (Reuters) - The following are plannedmergers under review by the European Commission and a briefguide to the EU merger process:
UPDATE 1-Carlyle, Primus among bidders for AIG unit-sources
2009/07/03 - 12:00PM EST
C AIG
HONG KONG/TAIPEI, July 3 (Reuters) - Global investorsCarlyle [CYL.UL] and Primus are among the bidders for AIG's Taiwan insurance unit, sources said on Friday, as thetroubled U.S. insurer looks to divest some of its global assets.
Latest on the Reuters Hedge Hub blog
2009/07/03 - 11:52AM EST
GLG
- Caught short. Short-sellers can make losses as well as bigprofits.
Carlyle, Primus among bidders for AIG Taiwan unit-sources
2009/07/03 - 10:59AM EST
C AIG
HONG KONG/TAIPEI, July 3 (Reuters) - Global investors Carlyle[CYL.UL] and Primus are among the bidders for AIG's Taiwan insurance unit, sources said on Friday, as the troubledU.S. insurer aims to get rid of some of its global assets.
UPDATE 2-Private equity slams proposed banking rules
2009/07/02 - 10:48PM EST
(Adds background on industry, comments in paragraphs 7-14)
UPDATE 1-Ford sales jump, rest of Canada auto sector slumps
2009/07/02 - 09:30PM EST
F
* Ford Canada CEO expects overall market rebound in Q4 (Adds details, background)
IPO VIEW-Last U.S. IPO in Q2 helps sustain momentum
2009/07/02 - 08:14PM EST
CPC RST
* Streak of successful IPOs raises hopes for rest of year
UPDATE 2-US FDIC proposes tough private equity guidelines
2009/07/02 - 07:15PM EST
BX
* Proposal calls for high capital levels, 3-yr commitment (Recasts, adds reaction)
UPDATE 1-Safilo mulling fund, industrial partners -sources
2009/07/02 - 05:53PM EST
* Could combine private equity, industrial partner - source

Bonds News

Brazil's central bank calls auction to buy dollars
2009/07/03 - 06:08PM EST
SAO PAULO, July 3 (Reuters) - Brazil's central bankoffered to buy U.S. dollars on the spot foreign exchange marketon Friday, seeking to soak up a flood of greenbacks pouringinto the country.
Job security key issue in Air Canada labor talks
2009/07/03 - 05:52PM EST
ACEA.TO ACB.TO ACA.TO
OTTAWA, July 3 (Reuters) - Air Canada's biggestunion may push for additional job security in labor talks withthe debt-heavy airline and a federally appointed mediator onFriday, but it doesn't expect a quick resolution.
Croat president mandates Kosor to form government
2009/07/03 - 05:45PM EST
ZAGREB, July 3 (Reuters) - Croatian President Stjepan Mesicmandated former Deputy Prime Minister Jadranka Kosor on Fridayto form a new centre-right coalition government after PrimeMinister Ivo Sanader unexpectedly stepped down this week.
UPDATE 1-Lower taxes to lure firms to Canada-Flaherty
2009/07/03 - 05:15PM EST
THI.TO
* Sees combined federal, provincial rate of 25 pct (Adds comment, details)
Lower tax to lure firms to Canada-Flaherty
2009/07/03 - 04:17PM EST
THI.TO
OTTAWA, July 3 (Reuters) - Other companies are likely tofollow Tim Hortons Inc in moving their corporatestructures to Canada to take advantage of a falling corporatetax rate, Finance Minister Jim Flaherty said on Friday.
Canada, U.S. unemployment expected to rise
2009/07/03 - 04:05PM EST
OTTAWA, July 3 (Reuters) - The jobless rate in Canada andthe United States will continue to rise, Finance Minister JimFlaherty said on Friday.
Moody's withdraws ratings on transactions exposed to LBSFI
2009/07/03 - 03:44PM EST
Reuters has stopped distributing the full text of Moody'sInvestors Service press releases on ratings actions, effectiveApril 1, 2009. The text of this Moody's Investor Service ratingis available at www.moodys.com.
Americas economic leaders eye post-crisis world
2009/07/03 - 03:34PM EST
VINA DEL MAR, Chile, July 3 (Reuters) - Finance ministersfrom the Americas and multilateral lenders on Friday sought toshore up responses to the global economic crisis on Friday andplan beyond a potential recovery for a post-crisis world.
FACTBOX-Chinese investments in commodities, energy sectors
2009/07/03 - 02:20PM EST
AXC.TO AA TCKB.TO
July 3 (Reuters) - Canada's Teck Resources said on Friday it will sell a 17.2 percent equity staketo state-owned China Investment Corp through a privateplacement that will raise C$1.74 billion ($1.5 billion) andhelp the miner pay down debt. [ID:nN03153079]
TOPWRAP 2-Weak data affirms sombre economic mood
2009/07/03 - 02:16PM EST
* US job cuts dampen recovery hopes, dent stock markets

New Issues News

UPDATE 1-Palm oil firm Wilmar hires banks for big China IPO
2009/07/03 - 12:00PM EST
MS GS
HONG KONG, July 3 (Reuters) - Wilmar International, the world's largest listed palm oil company, hashired three banks to handle what sources say could be a $3billion flotation of its China business.
Singapore's Wilmar hires banks for big China IPO
2009/07/03 - 11:17AM EST
MS GS
HONG KONG, July 3 (Reuters) - Wilmar International, the world's largest listed palm oil company, hashired three banks to handle what sources say could be a $3billion listing of its China business.
IPO VIEW-Last U.S. IPO in Q2 helps sustain momentum
2009/07/02 - 08:14PM EST
CPC RST
* Streak of successful IPOs raises hopes for rest of year
Banks tapped for large China railway IPO-source
2009/07/02 - 09:52AM EST
JPM
HONG KONG, July 2 (Reuters) - The Chinese government hashired three banks to handle the public listing of a railwayholding company, a source familiar with the matter said onThursday, in an IPO that could be worth around $5 billion.
GMAC becomes a corporation, allowing share sales
2009/07/02 - 03:17AM EST
GM
NEW YORK, July 1 (Reuters) - GMAC said on Wednesday that ithas converted to a corporation from a limited liabilitycompany, a move that could allow the auto and mortgage lenderto sell shares to the public.
Pearl bondholders say will not support float
2009/07/01 - 10:27PM EST
LONDON, July 1 (Reuters) - Bondholders in British insurerPearl Group said on Wednesday they would not back a proposedre-listing of the group because of concerns over treatment ofthe bonds.
UPDATE 3-LogMeIn IPO sees "1st day pop," closes up 25pct
2009/07/01 - 09:03PM EST
RST
* LogMeIn becomes 10th IPO of 11 with first-day pop (Updates with closing stock price, 1st-day performance)
REFILE-DEALTALK-Chink of IPO light for private equity
2009/07/01 - 08:00PM EST
RST BAC GS
(Refiles to restore dropped word "are," paragraph 3) (For more Reuters DEALTALKS, click [DEALTALK/])
UPDATE 1-Kazakh oil firm Zhaikmunai in debt waiver talks
2009/07/01 - 07:12AM EST
ALMATY, July 1 (Reuters) - Kazakh oil producer Zhaikmunai said on Wednesday it was in talks with lenders aboutpossible waivers on its debt covenants after "various events ofdefault" led to a $100 million credit line being cut off.
UPDATE 2-LogMeIn's $16 IPO price latest to hit top of range
2009/07/01 - 12:21AM EST
JPM
* LogMeIn becomes 10th of 11 IPOs to price well in 2009 (Recasts, adds analyst quotes, byline)

Forex News

Dollar status unlikely to be in G8 communique: G8 source
2009/07/03 - 06:18PM EST
(Reuters) - The dollar's status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week's Group of Eight summit, a European G8 source involved in preparations for the meeting said on Friday.
UDPATE 2-Canada defends US$ as global reserve currency
2009/07/03 - 05:25PM EST
* Forecasts higher jobless rates in Canada, U.S. (Adds context, remarks on regulation, paragraphs 2-3, 14-15)
EU mergers and takeovers (July 3)
2009/07/03 - 03:41PM EST
GE
BRUSSELS, July 3 (Reuters) - The following are plannedmergers under review by the European Commission and a briefguide to the EU merger process:
UPDATE 1-SAfrica union group says wants mines nationalised
2009/07/03 - 02:55PM EST
* ANC's General-Secretary has said no nationalisation plan
UPDATE 2-Major nations should back dlr as key currency-Japan
2009/07/03 - 02:17PM EST
(For more stories on the G8 summit click [ID:nL2198823]) * Japan backs dollar to remain as global key reserve currency * Reserve currency debate unlikely at G8 plus G5 * Japan pushes global agriculture investment principles
CORRECTED - UPDATE 1-Major nations should back dlr as key currency-Japan
2009/07/03 - 02:16PM EST
(For more stories on the G8 summit click [ID:nL2198823]) * Japan backs dollar to remain as global key reserve currency * Reserve currency debate unlikely at G8 plus G5 * Japan pushes global agriculture investment principles (Adds comments, background)
TOPWRAP 2-Weak data affirms sombre economic mood
2009/07/03 - 02:16PM EST
* US job cuts dampen recovery hopes, dent stock markets
UPDATE 2-China moves on Opel with BAIC bid
2009/07/03 - 02:08PM EST
MGA.TO
* Winner faces tough EU cartel probe - German dep minister
Morgan Stanley hikes copper price view on China
2009/07/03 - 12:15PM EST
MS
LONDON, July 3 (Reuters) - Morgan Stanley has hikedits 2009 and 2010 copper price forecasts, partly because of astrong recovery in China, the world's largest consumer of themetal used in power and constrution.
Former ABN bankers start asset management firm
2009/07/03 - 11:52AM EST
AMSTERDAM, July 3 (Reuters) - Former employees of Dutch bankABN AMRO have set up their own asset management firm in theNetherlands and Britain, the new company said on Friday.The firm, called Aethra Asset Management, will initiallyservice institutional clients, and once required permits havebeen obtained also cater to retail investors, Aethra said in astatement.

ETF News

China National in YPF talks with Repsol-Bloomberg
2009/07/03 - 02:59PM EST
AXC.TO
MADRID, July 3 (Reuters) - State-run China NationalPetroleum Corp (CNPC) is among bidders looking to buy theArgentinian unit of Spanish oil major Repsol , newsagency Bloomberg quoted a Chinese government official as saying.
Morgan Stanley hikes copper price view on China
2009/07/03 - 12:15PM EST
MS
LONDON, July 3 (Reuters) - Morgan Stanley has hikedits 2009 and 2010 copper price forecasts, partly because of astrong recovery in China, the world's largest consumer of themetal used in power and constrution.
UPDATE 2- Oil brokerage PVM names rogue trader
2009/07/03 - 12:10PM EST
ICE MS
LONDON, July 3 (Reuters) - PVM Oil Futures Limited said onFriday Steve Perkins, a senior broker based at the firm's Londonoffice, was responsible for unauthorised trades earlier thisweek which landed the firm with a loss of nearly $10 million.
UPDATE 1-Carlyle, Primus among bidders for AIG unit-sources
2009/07/03 - 12:00PM EST
C AIG
HONG KONG/TAIPEI, July 3 (Reuters) - Global investorsCarlyle [CYL.UL] and Primus are among the bidders for AIG's Taiwan insurance unit, sources said on Friday, as thetroubled U.S. insurer looks to divest some of its global assets.
Carlyle, Primus among bidders for AIG Taiwan unit-sources
2009/07/03 - 10:59AM EST
C AIG
HONG KONG/TAIPEI, July 3 (Reuters) - Global investors Carlyle[CYL.UL] and Primus are among the bidders for AIG's Taiwan insurance unit, sources said on Friday, as the troubledU.S. insurer aims to get rid of some of its global assets.
Michael Jackson's death could benefit Dutch fund
2009/07/03 - 10:31AM EST
* Fund ABP interested in buying Jackson's Beatles collection
Beijing asks China Mobile to buy ICBC shares-media
2009/07/03 - 05:04AM EST
GS AXP
BEIJING, July 3 (Reuters) - China's state asset watchdog isencouraging China Mobile , the world's biggest mobilephone carrier by users, to buy shares in the country's biggestcommercial bank ICBC , state media reported on Friday.
CORRECTED - UPDATE 4-U.S. regulators close seven banks
2009/07/03 - 04:02AM EST
WASHINGTON, July 2 (Reuters) - U.S. bank regulators closedseven institutions on Thursday, including six banks in Illinoiscontrolled by one family and a small bank in Dallas, bringingthe total number of U.S. bank failures to 52 so far this year.
UPDATE 1-Divestment measure at Vanguard gets lower totals
2009/07/02 - 11:56PM EST
* Vanguard opposed resolutions targeting Sudan (Adds Vanguard spokeswoman)
UPDATE 1-US toxic securities funds launch seen at $20 bln
2009/07/02 - 10:53PM EST
WASHINGTON/NEW YORK, July 2 (Reuters) - The U.S. Treasurywill launch its public/private investment fund program to buyup toxic securities with an initial funding of $20 billionfrom public and private sources, a level scaled backconsiderably from initial plans, people familiar with thematter said on Thursday.

Financial Services and Real Estate

UPDATE 1-Italy's antitrust extends Intesa share pact probe
2009/07/03 - 04:58PM EST
* Says pact does not make Intesa, Cr Agricole independent
UPDATE 1-Gecina ups divestment target, says finances soud
2009/07/03 - 04:53PM EST
* Needs no new finance sources for 2009-1010 period (Adds comments on banking covenant)
Banks, defensives push FTSE to close higher
2009/07/03 - 04:34PM EST
LONDON, July 3 (Reuters) - Britain's leading equity indexclosed marginally higher on Friday as positive financial anddefensive stocks outpaced weaker commodity shares, which trackeda decline in crude and metals prices.
BRIEF-Italy's antitrust extends probe on Intesa share pact
2009/07/03 - 04:13PM EST
MILAN, July 3 (Reuter) - Italy's antitrust authority issued astatement on Friday on its website:
Lipper Snaps UK-Aberdeen high yield tops bond funds in June
2009/07/03 - 04:07PM EST
LONDON, July 3 (Reuters) - Aberdeen Asset Management's Global-Euro High Yield Bond fund was the top performer amongBritish-registered bond funds in June, data from Thomson Reuters fund researchfirm Lipper showed on Friday.
RLPC-Russian Vnesheconombank seeks $1 bln loan-bankers
2009/07/03 - 02:51PM EST
LONDON, July 3 (Reuters) - Russia's state-ownedVnesheconombank (VEB) is looking to secure a syndicated loanworth up to $1 billion and has invited banks to submit proposalsfor the deal, banking sources said on Friday.
Moody's reviews SK KoelnBonn's Aa2/C ratings for downgrade
2009/07/03 - 02:30PM EST
Reuters has stopped distributing the full text of Moody'sInvestors Service press releases on ratings actions, effectiveApril 1, 2009. The text of this Moody's Investor Service ratingis available at www.moodys.com.
Volvere sells Sira for up to 8.6 m stg, shrs soar
2009/07/03 - 02:14PM EST
* Sale means Volvere has about 20 mln stg for reinvestment
Italian bank profit fall to slow in 2009-Moody's
2009/07/03 - 02:12PM EST
MILAN, July 3 (Reuters) - Italian bank profits will fall again in 2009 butless than in the previous year when results were strongly penalised by tradinglosses, Moody's Senior Vice President Henry MacNevin said on Friday.
UPDATE 4-Bank of Ireland's lending margins under pressure
2009/07/03 - 01:48PM EST
* Maintains loan impairment charge forecast issued in May

Consumer Goods And Retail News

UPDATE 1-UK's Coffee Republic set for administration
2009/07/03 - 05:43PM EST
LONDON, July 3 (Reuters) - British coffee retailer Coffee Republic Plc looked set to go into administration on Friday after it asked for itsshares to be suspended from trading.
UPDATE 3-Piaggio cuts 2010 sales outlook, shares fall
2009/07/03 - 04:44PM EST
(Recasts lead, adds management comments, share price)
Porsche/VW showdown looms by July 16-sources
2009/07/03 - 04:05PM EST
FRANKFURT, July 3 (Reuters) - Porsche's squabbling owners are set to discuss an investment by Qatar inthe next two weeks, a milestone which could change the dynamicsof a Porsche/Volkswagen merger, people close to the talks said.
Viterra to insure for crop disaster in ABB deal
2009/07/03 - 02:48PM EST
VT.TO
SASKATOON, Saskatchewan, July 3 (Reuters) - Viterra plans to insure against weather-related crop disasters in SouthAustralia if it completes its acquisition of Australia's ABBGrain Ltd , the Canadian grain handling and farm supplycompany said on Thursday.
CORRECTED - BRIEF-Danone could use proceeds of capital hike for acquisitions
2009/07/03 - 01:40PM EST
AIX-EN-PROVENCE, France, July 3 (Reuters) - DANONE : * CEO says cannot exclude using proceeds of capital increase for acquisitions * "I do not know," he said when asked whether he could use the proceeds forbuys.
Lipper Snaps UK-Artemis leads mixed asset funds in June
2009/07/03 - 01:36PM EST
LONDON, July 3 (Reuters) - The Artemis High Income fund was the topperformer among British-registered mixed asset funds in June, data from ThomsonReuters fund research firm Lipper showed on Friday.
VW says June unit sales up 6 pct
2009/07/03 - 01:13PM EST
MUNICH, July 3 (Reuters) - Volkswagen chiefexecutive Martin Winterkorn said Europe's largest auto makersold 6 percent more cars and transporters in June than in thesame month a year earlier.
UPDATE 3-Tesco survives investor protest over share options
2009/07/03 - 01:03PM EST
* Union resolution on migrants' treatment easily defeated
UPDATE 2-Piaggio sees slight revenue dip, seeks Asia growth
2009/07/03 - 12:55PM EST
(Recasts lead, adds management comments, share price)
UPDATE 1-Palm oil firm Wilmar hires banks for big China IPO
2009/07/03 - 12:00PM EST
MS GS
HONG KONG, July 3 (Reuters) - Wilmar International, the world's largest listed palm oil company, hashired three banks to handle what sources say could be a $3billion flotation of its China business.

Energy News

Europe Gasoline-dips in light trade to $600 a tonne
2009/07/03 - 06:12PM EST
LONDON, July 3 (Reuters) - European gasoline prices dippedin very light trade on Friday, tracking losses in crude and U.S.gasoline futures.
CANADA STOCKS-Teck helps lead TSX higher in quiet session
2009/07/03 - 03:15PM EST
MFC.TO PCA.TO SU.TO TCKB.TO
* Thin trading with U.S. markets closed (Adds details, quote)
Brazil stocks open slightly lower in light trade
2009/07/03 - 03:12PM EST
SAO PAULO, July 3 (Reuters) - Brazilian stocks opened toslight seesawing on Friday, as a holiday in the United Statesand overall caution about the global economy may lead to a dayof light trading.
UPDATE 2-China crude stocks near IEA member level-Tanaka
2009/07/03 - 12:34PM EST
* China's crude stocks equal to 86 days of imports - Tanaka
UPDATE 1-Afren establishes Nigerian firm, shares jump
2009/07/03 - 09:36AM EST
* New firm set up to buy substantial oil and gas assets
PetroChina boosts output at Sulige gasfield
2009/07/03 - 09:35AM EST
BEIJING, July 3 (Reuters) - Top oil and gas firm PetroChina raised daily output at its largest Suligegasfield, in northern China's Ordos Basin, to 25.6 million cubicmetres, up 67 percent from last July, its parent CNPC said.
UPDATE 1-Royalco rejects Anglo Pacific's improved offer
2009/07/03 - 07:46AM EST
LONDON, July 3 (Reuters) - Australia-based royalty andmineral exploration company Royalco Resources Ltd saidon Friday it rejected Anglo Pacific Group Plc's improvedoffer because it undervalues the company.
Indonesia considers onshore LNG plant for Masela
2009/07/03 - 06:49AM EST
JAKARTA, July 3 (Reuters) - Indonesia is consideringbuilding an onshore liquefied natural gas (LNG) plant fornatural gas reserves from the Timor Sea, operated by Japan'sInpex Corp , to cut costs, the mines and energyminister said on Friday.
RPT-UPDATE 2-Shampoo maker BaWang soars 35 pct in HK debut
2009/07/03 - 06:12AM EST
HONG KONG, July 3 (Reuters) - Shares in Chinese herbalshampoo maker BaWang International (Group) Holding Ltd soared more than a third in its market debut onFriday, bucking a weaker broader market, in a sign of strongdemand for consumer goods stocks. BaWang, which hired movie star Jackie Chan and pop singer FayeWong to promote its products, sold 700 million shares at aprice representing 18 times its estimated earnings for 2009.
China Shenhua to double coal capacity by 2014-paper
2009/07/03 - 04:42AM EST
SHANGHAI, July 3 (Reuters) - China Shenhua Energy Co Ltd plans to double its annual coal productioncapacity by 2014 from this year's level, the China SecuritiesJournal reported on Friday, quoting unnamed company sources.

Global Environment

U.S. focus on climate could ease financial crisis
2008/10/10 - 03:53PM EST
WASHINGTON (Reuters) - If the United States focused on curbing climate change as soon as a new president took office -- or sooner -- it could help pull the world from the financial brink, environmental policy experts told Reuters.
Financial crisis could delay climate efforts
2008/10/09 - 07:52PM EST
STP
LOS ANGELES (Reuters) - A global financial crisis could distract the world's lawmakers and investors from supporting initiatives and technologies to reduce greenhouse gases, delaying what many see as critical efforts to combat climate change.
U.S. focus on climate could ease financial crisis
2008/10/09 - 04:56PM EST
WASHINGTON (Reuters) - If the United States focused on curbing climate change as soon as a new president took office -- or sooner -- it could help pull the world from the financial brink, environmental policy experts told Reuters.
Kleiner makes India cleantech investment
2008/10/09 - 01:18PM EST
SAN FRANCISCO (Reuters) - Kleiner Perkins Caufield & Byers, the Silicon Valley venture capital firm that has backed companies like Google Inc and Amazon.com Inc, recently made its first clean technology investment in India, a top executive told Reuters.
Focus sharpens on forests for climate fix
2008/10/09 - 12:05PM EST
NEW YORK (Reuters) - Payments from polluters in rich countries to tropical communities in exchange for slowing deforestation may soon play a bigger role in combating climate change if problems like measuring preservation efforts can be overcome.
Kleiner makes India cleantech investment
2008/10/08 - 11:00PM EST
SAN FRANCISCO (Reuters) - Kleiner Perkins Caufield & Byers, the Silicon Valley venture capital firm that has backed companies like Google Inc and Amazon.com Inc , recently made its first clean technology investment in India, a top executive told Reuters.
Focus sharpens on forests for climate fix
2008/10/08 - 10:53PM EST
NEW YORK (Reuters) - Payments from polluters in rich countries to tropical communities in exchange for slowing deforestation may soon play a bigger role in combating climate change if problems like measuring preservation efforts can be overcome.
First Solar mulls projects, partnerships
2008/10/08 - 08:30PM EST
NEW YORK/SAN FRANCISCO (Reuters) - Solar cell maker First Solar Inc has felt no immediate effect on its business from the financial markets crisis and could take on a role in financing new projects or buying into new technologies, Chairman and CEO Michael Ahearn said on Wednesday.
Economics seen bolstering case to protect nature
2008/10/08 - 07:41PM EST
BARCELONA, Spain (Reuters) - Worsening damage to nature is jolting the world into doing more to protect animals and plants and new economic arguments will bolster the case for action, the head of a global conservation network said.
Cities should do more to protect nature: U.N.
2008/10/08 - 07:10PM EST
BARCELONA, Spain (Reuters) - The world's burgeoning cities must do more to safeguard animals and plants by increasing parkland, planting trees and recycling resources, the U.N.'s top biodiversity official said on Wednesday.

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