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 Latest Business and Finance News
Asia stocks slip, euro languishes at 11-year low before ECB [Reuters]
TOKYO (Reuters) - Asian stocks slipped on Thursday after Wall Street continued to pull back from rec ...Detail
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Wall St. ends down on economic data; February strong  [Reuters] 27 Feb, 2015
(Reuters) - U.S. stocks closed lower on Friday as data showed U.S. economic growth slowed more sharply than initially thought in the fourth quarter, but the S&P 500 posted its best monthly performance since October 2011.
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Exclusive: Chicago rating downgrade may end swaps deals - Moody's  [Reuters] 27 Feb, 2015
CHICAGO (Reuters) - The downgrade of Chicago's credit rating by Moody's Investors Service on Friday could immediately terminate four interest-rate swap agreements, costing the city about $58 million, and could lead to mo ...
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Wall St. flat as mixed data offsets upbeat earnings  [Reuters] 27 Feb, 2015
NEW YORK (Reuters) - U.S. stocks were little changed in early afternoon trading on Friday as mixed economic data was offset by some upbeat corporate earnings.
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Dudley, top U.S. economists urge later Fed rate hike  [Reuters] 27 Feb, 2015
NEW YORK (Reuters) - Raising interest rates too late is safer than acting too early, an influential Federal Reserve official said on Friday, endorsing a high-profile research paper that argues that the U.S. economy, given time, ca ...
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Icahn's investment fund posts first loss since 2008 on oil plunge  [Reuters] 27 Feb, 2015
NEW YORK (Reuters) - Billionaire activist investor Carl Icahn's publicly traded investment fund posted its first annual loss since 2008 last year, undone by plummeting oil prices, the company said in a regulatory filing on Fr ...
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Exclusive: European reconstruction bank to approve aid for Greece  [Reuters] 27 Feb, 2015
LONDON (Reuters) - Greece is expected to be given the green light early next week for what could add up to well over a billion euros of cheap aid and funding support from the European Bank for Reconstruction and Development, accor ...
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Oil rebounds after volatile week  [Geo TV] 27 Feb, 2015
London: Oil prices rebounded Friday on bargain-hunting at the end of a volatile trading week, having slumped the p
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Exclusive: Greece set to get green light for EBRD support  [Reuters] 27 Feb, 2015
LONDON (Reuters) - Greece is expected to be given the green light early next week for what could add up to well over a billion euros of cheap aid and funding support from the European Bank for Reconstruction and Development, accor ...
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Wall St. flat as mixed data provides scant incentives  [Reuters] 27 Feb, 2015
NEW YORK (Reuters) - U.S. stocks were little changed on Friday, as a mixed batch of economic data provided investors with little incentive to push equities to new records.
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U.S. economy slowed in the fourth quarter, but growth outlook still favorable  [Reuters] 27 Feb, 2015
WASHINGTON (Reuters) - U.S. economic growth braked more sharply than initially thought in the fourth quarter as businesses slowed their pace of stock accumulation and the trade deficit widened, but the underlying fundamentals rema ...
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Retail loan investors return as rate rises near  [Reuters] 27 Feb, 2015
NEW YORK (Reuters) - Retail investors are returning to bank loan mutual funds following seven straight months of outflows, with the Federal Reserve more clearly signaling an interest rate hike and higher secondary loan market pric ...
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Wall St flat as mixed data provides scant incentives  [Reuters] 27 Feb, 2015
NEW YORK (Reuters) - U.S. stocks were little changed on Friday, as a mixed batch of economic data provided investors with little incentive to push equities to new records.
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Fiat Chrysler says recalling 467,500 SUVs worldwide  [Reuters] 27 Feb, 2015
DETROIT (Reuters) - Fiat Chrysler Automobiles said on Friday it will recall about 467,500 SUVs worldwide in order to fix a fuel-pump issue that could cause the engine to either stall or not start.
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Standard Chartered staff braced for big change under Winters  [Reuters] 27 Feb, 2015
HONG KONG (Reuters) - Incoming Standard Chartered Chief Executive Bill Winters will need to take tough decisions that predecessor Peter Sands deemed unnecessary, in order to reverse a two-year slump in the bank's fortunes, ac ...
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Tajikistan to help Pakistan overcome energy crisis through KASA 1000 project  [Geo TV] 27 Feb, 2015
ISLAMABAD: Ambassador of Tajikistan Sher Ali Jononov on Friday said that his country was preparing to export sizea
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Fiat Chrysler says recalling about 467,500 SUVs worldwide  [Reuters] 27 Feb, 2015
DETROIT (Reuters) - Fiat Chrysler Automobiles said on Friday it will recall about 467,500 SUVs globally in order to fix a fuel-pump issue that could cause engine stall.
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U.S. consumer sentiment slides from 11-year peak in February  [Reuters] 27 Feb, 2015
NEW YORK (Reuters) - U.S. consumer sentiment fell from an 11-year high in February, a survey released on Friday showed.
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Fed's Dudley: Risk of raising rates too soon higher than waiting longer  [Reuters] 27 Feb, 2015
(Reuters) - The Federal Reserve faces a greater risk of raising interest rates too soon than it does in waiting, a top Fed official said on Friday, citing a depressed level of current inflation.
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Wall St. little changed after GDP data; UMich on tap  [Reuters] 27 Feb, 2015
NEW YORK (Reuters) - U.S. stocks held near the unchanged mark shortly after the open on Friday, following data on economic growth and ahead of a report on consumer sentiment.
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Wall St. opens flat after GDP data  [Reuters] 27 Feb, 2015
NEW YORK (Reuters) - U.S. stocks opened flat on Friday, with major indexes on track for a fourth week of gains, following data on economic growth and ahead of a report on consumer sentiment.
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Greece runs out of funding options despite euro zone reprieve  [Reuters] 27 Feb, 2015
BRUSSELS/ATHENS (Reuters) - Greece is running out of options to fund itself despite a four-month bailout extension, raising pressure on Athens to quickly implement reforms it has vocally opposed or default on debt repayments in a ...
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Wall St. set for flat open after GDP data  [Reuters] 27 Feb, 2015
NEW YORK (Reuters) - U.S. stock index futures pointed to a flat open for Wall Street on Friday, with major indexes on track for a fourth week of gains, following data on economic growth and ahead of a report on consumer sentiment. ...
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U.S. economy slows in fourth quarter, but growth outlook still favorable  [Reuters] 27 Feb, 2015
WASHINGTON (Reuters) - U.S. economic growth braked more sharply than initially thought in the fourth quarter amid a slow pace of stock accumulation by businesses and a wider trade deficit, but the underlying fundamentals remained ...
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VW keeps profit outlook, raises sales target after record earnings  [Reuters] 27 Feb, 2015
BERLIN (Reuters) - Volkswagen stuck to its guidance for operating profit after posting record earnings last year on double-digit gains in sales of luxury Audi and Porsche models.
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Exclusive: Areva to cut wage bill 15 percent as prospects worsen - union sources  [Reuters] 27 Feb, 2015
PARIS (Reuters) - French nuclear group Areva plans to cut 15 percent of its wage bill to save 300 million euros ($337 million) a year within three years amid worsening sales prospects for its reactors, union sources briefed by the ...
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U.S. fourth-quarter growth rate revised down to 2.2 percent  [Reuters] 27 Feb, 2015
WASHINGTON (Reuters) - U.S. economic growth braked more sharply than initially thought in the fourth quarter amid a slow pace of stock accumulation by businesses and a wider trade deficit, but the underlying fundamentals remained ...
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Areva to cut wage bill 15 percent as prospects worsen: union sources  [Reuters] 27 Feb, 2015
PARIS (Reuters) - The management of French nuclear group Areva plans to cut 15 percent of its wage bill and thereby save 300 million euros ($337 million) a year as the prospects for sales of its reactors worsen, according to union ...
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Germany backs Greek extension but bailout fatigue grows  [Reuters] 27 Feb, 2015
BERLIN (Reuters) - Germany's parliament approved an extension of Greece's bailout on Friday but a record number of dissenters from Angela Merkel's conservatives underscored growing scepticism in Berlin about whether ...
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Futures flat ahead of GDP, consumer sentiment  [Reuters] 27 Feb, 2015
NEW YORK (Reuters) - U.S. stock index futures were little changed on Friday, with major indexes on track for a fourth week of gains, ahead of readings on economic growth and consumer sentiment.
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SC adjourns LB Elections case till March, 3  [Business Recorder] 27 Feb, 2015
ISLAMABAD: The Supreme Court on Friday adjourned hearing of the case regarding holding of Local Bodies (LB) Election in Punjab, Sindh and Khybar Pakhtonnwa province till March, 3.The two-member bench of the court headed by Justice ...
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