Fannie, Freddie could send $179.2 billion to taxpayers: White House
WASHINGTON (Reuters) – U.S. government-owned mortgage financiers Fannie Mae and Freddie Mac could send about $179.2 billion in profits to taxpayers over the next 10 years if the terms of their bailout remain intact, the White House budget office said o…
Central bank guidance soothes markets but also carries risks: BIS
WASHINGTON (Reuters) – Central bank efforts to become more predictable on future interest rate moves have smoothed out short-term upsets in financial markets but could also lead to excessive risk-taking, research from the Bank for International Settlem…
World stocks, copper and oil fall after weak China exports
NEW YORK (Reuters) – World stock indexes fell and the prices of copper and oil sank on Monday after surprisingly weak Chinese trade data added to worries about a slowdown in the world’s second-largest economy.
Shell’s Ho-Ho pipeline still shut after leak
NEW YORK (Reuters) – Royal Dutch Shell’s entire Houston-to-Houma crude oil pipeline remained shut on Monday, following a reported leak late last week, the company said.
GE CEO sees signs U.S. economy improving, says Europe stabilized
(Reuters) – General Electric Co.’s chief said on Monday that there are signs the U.S. economy “is getting a little better each day,” although he does not expect a return to the kind of growth seen in the 1990s anytime soon.
U.S. Supreme Court to decide if IndyMac MBS plaintiff filed too late
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday agreed to consider whether class action claims against underwriters of securities issued by a unit of the now-defunct IndyMac Bancorp Inc should be able to proceed.
McDonald’s U.S. sales continue to struggle in February
(Reuters) – McDonald’s Corp on Monday reported a bigger-than-expected drop in comparable global sales for February, hurt again by slow business in the United States.
American Airlines to end ticketing agreement with JetBlue
(Reuters) – American Airlines said it planned to end agreements covering ticketing, baggage handling and frequent-flyer programs with JetBlue Airways after its merger with US Airways gave it “greater connectivity” along the U.S. East Coast.
Equatorial Guinea seeks to shake off ‘oil curse’ image
MALABO (Reuters) – On land cleared of tropical forest, gleaming new office towers, apartment blocks, homes and highways dazzle the eye in Equatorial Guinea, Sub-Saharan Africa’s No. 3 energy producer where oil and gas revenues have fed a frenzy of cons…
High-yield bonds draw investors as emerging debt loses them
LONDON (Reuters) – Shove over, emerging markets – high-yield debt has taken your place.
