China’s Wen urges more support for

120428143468301

(Reuters) – China’s premier called for additional efforts to support growth on Sunday, signaling Beijing’s willingness to take action after a recent series of economic indicators suggested that the world’s second-biggest economy will slow further … continue…

Leave a comment

Morgan Stanley made big bet on Facebook

morgan_stanley_0918

(Reuters) – Lead Facebook Inc (FB.O) underwriter Morgan Stanley (MS.N) took a bet earlier this week when it increased the size of the social networking firm’s $16 billion initial public offering and it boosted the … continue…

Leave a comment

Historic Facebook debut falls flat

Facebook

(Reuters) – The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company’s sky-high valuation combined with trading glitches left the stock languishing near its offering … continue…

Leave a comment

EU, ECB working on Greece exit contingency

greek-exit

(Reuters) – The European Commission and the European Central Bank are working on an emergency scenario in case Greece has to leave the euro zone, EU trade commissioner Karel De Gucht said in an interview … continue…

Leave a comment

China second quarter GDP growth seen at 7.5 percent: government think-tank

China

(Reuters) – China’s annual economic growth could slow to 7.5 percent in the second quarter, largely due to curbs on the property sector and headwinds from external demand, the State Information Center, a government think-tank, … continue…

Leave a comment

Investors brace for Facebook debut on Wall Street

Facebook

(Reuters) – Investors are bracing for Facebook’s Wall Street debut on Friday after the world’s No.1 online social network raised about $16 billion in one of the biggest initial public offerings in U.S. history. Valued … continue…

Leave a comment

GE aims to double China JVs to around 56 in five years

GE

(Reuters) – General Electric Co (GE.N) aims to double the number of joint ventures it has in China from the current 28 in roughly five years, its vice-chairman said on Friday. John Rice, who is … continue…

Leave a comment

Anxious investors send S&P lower for fifth day

A street sign stands outside of the New York Stock Exchange

(Reuters) – U.S. stocks hit a four-month low on Thursday as rising Spanish bond yields increased investor anxiety over that country’s banks and another round of weak data undermined hopes for U.S. economic recovery. Growing … continue…

Leave a comment

Exclusive: ECB stops operations with some Greek banks

ecb_2056129b

(Reuters) – The European Central Bank has stopped providing liquidity to some Greek banks as they have not been successfully recapitalized, the ECB said on Wednesday, confirming news earlier reported exclusively by Reuters. The news … continue…

Leave a comment

Greek political turmoil heightens euro exit fears

greece-summery_2219367b

(Reuters) – Fears of a Greek exit from the euro zone worsening the debt crisis facing other European nations gripped financial markets on Wednesday, sending shares and other riskier assets lower as investors shifted funds … continue…

Leave a comment