(Reuters) – European leaders will try to breathe life into their stricken economies at a summit over dinner on Wednesday, but disagreement over a plan for mutual bond issuance and other measures to alleviate two … continue…
Stage set for Hollande-Merkel showdown at EU summit
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No change to BOJ’s powerful easing stance
(Reuters) – Bank of Japan Governor Masaaki Shirakawa said on Wednesday that there was absolutely no change to the central bank’s stance of continuing to pursue powerful monetary easing to beat deflation. But Shirakawa said … continue…
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India’s Jet likely to order 100 planes for $3.75 billion: CAPA
(Reuters) – Jet Airways (JET.NS) is expected to order more than 100 narrow-body aircraft for up to $3.75 billion in 2012/13 as the largest Indian carrier grabs market share from its troubled rivals, a leading … continue…
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India faces mass default and restructuring as devaluation looms
SINGAPORE, May 22 (IFR) – India’s mounting economic and political woes are prompting market players to raise the specter of a Greek-style crisis in Asia’s third largest economy. This is not simply idle speculation. Last … continue…
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Fitch cuts Japan as politics hinders debt plan
(Reuters) – Fitch cut Japan’s sovereign credit status on Tuesday to the lowest level among global ratings agencies as a political stalemate dims the chance that the country can curb its snowballing debt. Fitch Ratings … continue…
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Morgan Stanley cut Facebook estimates just before IPO
(Reuters) – In the run-up to Facebook’s $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank’s consumer Internet analyst, Scott Devitt, was reducing … continue…
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China targets infrastructure to lift economy, report says
(Reuters) – China will fast track approvals for infrastructure investment to combat a slowdown in the economy, a state-backed newspaper reported on Tuesday, underlining a call by Premier Wen Jiabao for policies to maintain growth. … continue…
The landmine that could explode BP’s $7.8 billion deal
(Reuters) – BP Plc (BP.L) appears to be well on its way to concluding an estimated $7.8 billion settlement to resolve most of its civil liability from the Gulf of Mexico oil spill. But a … continue…
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China eschews fiscal fanfare for supportive spending
(Reuters) – China’s focus on fine-tuning monetary and fiscal policies to fight the risk of a sudden economic slide worries investors pricing in a sixth successive quarter of slowing growth with no obvious sign of … continue…
G8 growth talk leaves wary markets awaiting action
(Reuters) – A pledge by leaders of industrialized nations to help the troubled world economy is unlikely to herald quick new action by Europe on its debt crisis, meaning more uncertainty for nervous financial markets. … continue…
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