World News Center
Growth hopes boost global equities (Reuters)
September 6, 2010
Reuters - World stocks rose on Monday on hopes the U.S. economy can avoid slipping back into recession, although the International Monetary Fund's chief economist warned of weak growth in both the United States and Europe.
BP sees no impact to Gulf operations from storm (Reuters)
September 6, 2010Reuters - BP Plc , the largest oil producer in U.S.-regulated areas of the Gulf of Mexico, said Monday that Tropical Storm Hermine was not expected to affect its offshore operations.
Fed should not set limit on economy aid: Kohn (Reuters)
September 6, 2010Reuters - The Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the U.S. economy, the former vice chairman of the central bank said.
EU finmins want budget rule offenders rapped swiftly (Reuters)
September 6, 2010Reuters - European Union finance ministers sought on Monday to make sanctions for EU budget rule breakers more automatic, but put off potentially difficult talks on a permanent mechanism to resolve euro zone crises.
A look at economic developments around the globe (AP)
September 6, 2010AP - A look at economic developments and activity in major stock markets around the world Friday:
EU finance ministers to discuss new bank levy (AP)
September 6, 2010AP - European Union finance ministers are set to discuss the possibility of introducing a levy on banks and whether a tax on financial transactions can deal with another banking crisis, as they gather Tuesday in an atmosphere more benign than when they last met in July.
WTO to issue Boeing subsidies verdict Sept. 15: source (AFP)
September 6, 2010
AFP - The World Trade Organization will issue its long-awaited opinion on Europe's challenge to American subsidies to US aerospace giant Boeing next week, a source close to the matter said Monday.
Oil slips below $74 as U.S. driving season ends (Reuters)
September 6, 2010
Reuters - U.S. oil prices slipped below $74 per barrel on Monday as the end of the U.S. driving season and high levels of unemployment in the world's biggest oil consumer raised concerns over the outlook for demand.
As stocks tank investors rush into junk bonds
September 6, 2010With fears of a prolonged recession and stomach-churning moves in the stock market, corporate bond markets have performed so well this year they look like they're part of a parallel universe.
Hot business idea: Help people be cheap
September 6, 2010
How do you get penny pinchers to spend these days? Pitch products that promise to save them money.
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