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US STOCKS-Futures flat as housing, jobless claims data ahead
By admin on September 24, 2009
* Weekly jobless claims, August housing data on tap * Investors eye G20 meeting * Futures: Dow off 1 pts, S&P off 0.1, Nasdaq up 1.75 (Updates with analyst comment) NEW YORK, Sept 24 (Reuters) - U.S. stock index futures were flat on Thursday as investors awaited the latest housing and jobless data and continued to digest a policy statement from the Federal Reserve that sent shares lower in the last session. In a sign the housing recovery is gathering momentum, sales of existing homes are expected to have risen for a fifth consecutive month in August, reaching their highest level in two years as buyers take advantage of a first-time home buyer tax credit.
Wheat area may fall in France, rise in UK, Germany
By 7KLnewsbot on September 24, 2009
* Rapeseed plantings set to rise in Britain and France * Sharp drop in wheat prices may reduce area in France * Wheat may win area from barley and rye By Nigel Hunt LONDON, Sept 24 (Reuters) - More wheat is set to be drilled this year in Britain and Germany although low prices may lead to a drop in area in France, analysts said on Thursday.
PM calls for bank charges settlement
By 7KLnewsbot on September 24, 2009
Banks and building societies could be forced into an early compromise in the long-running battle against the Office of Fair Trading over the legality of bank charges, it emerged today. Gordon Brown has written a letter to bank charges campaigners calling on current account providers to “explore a quicker way to resolve this”.
World stocks fall amid stimulus withdrawal jitters
By admin on September 24, 2009
SEOUL, South Korea — World stock markets fell Thursday amid a big drop in oil prices and as investors worried that support measures for the fragile global economy will be withdrawn too quickly. The declines came after the Federal Reserve kept interest rates unchanged at a regular meeting Wednesday, as widely expected, and said the pace of economic activity has “picked up” since its last meeting in August.
MONEY MARKETS-Dollar spreads tighten after Fed extends stimulus
By admin on September 24, 2009
* Eurodollar futures up, US swap spreads tighter * Fed extends debt purchases, signals lower rates for longer * Dollar rates drop because Fed not as hawkish as expected By Vidya Ranganathan SINGAPORE, Sept 24 (Reuters) - Dollar funding spreads tightened further in Asia and Eurodollar futures rose after the Federal Reserve extended its programme for purchases of debt from banks, signalling it would keep rates anchored for much longer. U.S. stocks fell on Wednesday on worries about the eventual withdrawal of monetary stimulus.
Summary Box: Fed says economy is picking up
By admin on September 24, 2009
IMPROVING PICTURE: Federal Reserve policymakers upgraded their view of the economy, saying “economic activity has picked up.” SLOWING SOME…
Japan mired in slump as exports, imports tumble
By admin on September 24, 2009
TOKYO - Japan’s exports tumbled 36 percent in August - with car shipments falling by half - and imports also contracted sharply, the government said Thursday, showing the world’s No. 2 economy remains mired in a deep slump. Declines in automobile and steel exports were especially pronounced, the Ministry of Finance said….
Honda shows small light ‘personal mobility’ device
By admin on September 24, 2009
TOKYO - Honda’s new “personal mobility” device looks like a unicycle, but all you need to do to zip around on it - sideways as well as forward and back - is lean your weight into the direction you want to go. The U3-X - available for a test-run for reporters in Tokyo Thursday - was designed to be small, safe and unobtrusive enough to mingle with pedestrians, according to Honda Motor…
Asian stocks fall amid stimulus withdrawal jitters
SEOUL, South Korea — Most Asian stock markets fell Thursday amid a big drop in oil prices and as investors worried that support measures for the fragile global economy will be withdrawn too quickly.
Police: Revered tribal elders killed by Taliban
PESHAWAR, Pakistan — Police say six people traveling in a car were ambushed and killed by Taliban militants in Pakistan’s volatile…
Business, politics »
Bill Clinton speaks of vast, right-wing conspiracy (AP)
September 28, 2009
AP - Bill Clinton says a vast, right-wing conspiracy that once targeted him is now focusing on President Barack Obama.
Entertainment »
Gucci: Tashkent Training Chic (Fashion Wire Daily)
September 28, 2009
Fashion Wire Daily - Uzbekistan, perhaps not everyone’s first thought when it comes to inspiration for a hip Italian fashion brand, underpinned a powerful Spring 2010 collection from Gucci that, at its kernel, was all about combining sexy athleticism with the brand’s unique hardware.
Sports »
Last-gasp Adailton denies Juventus top spot, Milan jeered (AFP)
September 28, 2009
AFP - Bologna’s veteran Brazilian forward Adailton scored an equaliser deep into injury time to deny Juventus a return to the top of the Serie A table following a 1-1 draw in Turin.
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Oil falls below $66 ahead of US economic reports (AP)
September 28, 2009
AP - Oil prices fell below $66 a barrel Monday as stock markets sank and investors eyed a slew of economic data this week that will help shed light on the health of the U.S. economy
Travel »
Cypress Gardens theme park in Fla. closes doors (AP)
September 24, 2009
AP - Cypress Gardens, which reigned as Florida’s grandest theme park in the days before Disney, has shut down while its owners try to sell the attraction.
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Merkel vows quick deal on German coalition (AP)
September 28, 2009
AP - Chancellor Angela Merkel has vowed to press ahead quickly with forming a new center-right German government following her election victory.