Investment News
DUBLIN (Reuters) - Nationalised Anglo Irish Bank will be "decommissioned," with a decision on its fate expected within a few weeks, a junior government minister was quoted on Saturday as saying.
NEW YORK (Reuters) - Stocks jumped and commodities rose on Friday after data showing fewer U.S. job losses than expected reinforced other reports this week to ease fears the American economy is on the cusp of a new recession.
TORONTO/HONG KONG (Reuters) - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion (25 billion pound) bid for Potash Corp , a source with direct knowledge of the matter said.
HOUSTON (Reuters) - BP Plc successfully replaced a failed blowout preventer from atop its ruptured Gulf of Mexico oil well late on Friday, the top U.S. official overseeing the spill response said.
TOKYO (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Saturday Tokyo would take decisive steps to stem the yen's rise when needed, while suggesting that coordinated currency market intervention was a difficult option.
WASHINGTON (Reuters) - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring was a positive surprise, relieving concerns about a stalling economic recovery.
CERNOBBIO, Italy (Reuters) - Europe needs to agree common positions on international issues at the International Monetary Fund, European Central Bank President Jean-Claude Trichet said on Saturday.
GWANGJU, South Korea (Reuters) - G20 delegates agreed on Saturday global economic recovery would endure although the speed of expansion may slow, a South Korean official said.
LONDON (Reuters) - The cost of car insurance has risen by almost a third in the past year, its biggest ever increase, as insurers seek to offset a sharp rise in claims expenses driven in part by fraud, AA Insurance said.
LONDON (Reuters) - British service sector activity grew last month at its slowest pace since April 2009, with a marked fall in hiring as employers worried about an economic slowdown and public spending cuts, a survey showed on Friday.
TORONTO/HONG KONG (Reuters) - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion (25 billion pound) bid for Potash Corp , a source with direct knowledge of the matter said.
LONDON (Reuters)-The Dubai Multi Commodities Centre Authority governmental agency and asset manager Shariah Capital launched an index tracking the performance of Islamic hedge funds investing in commodities on Wednesday.
TORONTO/NEW YORK (Reuters) - Potash Corp said on Monday it has held talks with other possible suitors as it ratcheted up pressure on BHP Billiton to raise its $39 billion (25.12 billion pound) offer for the world's largest fertiliser producer.
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