China bank regulator says liquidity ample, debt risks manageable
SHANGHAI (Reuters) – China’s chief banking regulator said on Saturday that liquidity in China’s banking system is sufficient and pledged to control risks from local government debt, real estate and shadow banking.
Fed’s Stein puts focus on September as time to assess QE3
NEW YORK/WHITE SULPHUR SPRINGS, West Virginia (Reuters) – September could be an opportune time for the Federal Reserve to consider scaling back its assets purchase, an influential official of the U.S. central bank said on Friday, as he stressed that th…
Former Swiss banker pleads guilty to U.S. tax evasion
WASHINGTON (Reuters) – A former Swiss banker faces up to five years in jail after pleading guilty to dodging U.S. taxes and paying a $1.5 million fine before being sentenced, the U.S. Department of Justice said on Friday.
Fitch affirms U.S. AAA rating but outlook still negative
NEW YORK (Reuters) – Fitch Ratings on Friday affirmed the United States’ top level credit rating at AAA but held the outlook at negative, saying still-elevated debt levels leave the country vulnerable to shocks without more deficit reduction.
S&P 500 posts best first half since 1998
NEW YORK (Reuters) – The S&P 500 ended Friday’s session with its strongest first half of any year since 1998 after reaching record highs in May on a rally underpinned by the Federal Reserve’s massive monetary stimulus.
Wall Street Week Ahead: Fed fears may be gone but brace for volatility
NEW YORK (Reuters) – Panic selling on fears of an early exit of the U.S. Federal Reserve’s stimulus efforts may be over, but the stock market may still face wild intraday swings as investors scramble to position themselves for Friday’s payrolls report….
Russian tycoon bids for control of Swiss steelmaker
LUCERNE, Switzerland (Reuters) – Russian tycoon Viktor Vekselberg has launched a bid to control Swiss steelmaker Schmolz+Bickenbach after he failed to win support from shareholders to raise more capital and install his preferred candidate on the compan…
How Gazprom’s $1 trillion dream has fallen apart
MOSCOW (Reuters) – Zoya Danilina, who owns some 700 shares in Gazprom , says investors don’t have to look far to understand that Russia’s most powerful company has lost its way.
BlackBerry hits bump in turnaround road, shares plunge
TORONTO (Reuters) – BlackBerry’s total market value plunged by more than one-fourth on Friday after the smartphone maker reported dismal quarterly results, prompting ever-deeper skepticism about a long-promised turnaround.
Intel’s new CEO focused on mobile chips, cautious on TV
SAN FRANCISCO (Reuters) – Intel Corp’s new CEO said on Friday he would speed up the rollout of chips for smartphones, tablets and wearable devices as consumers move away from personal computers.
