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  • US newspaper round-up: Caterpillar, Bill Gates, Fiat...

    Friday 17 May 2013

    Industrial machinery maker Caterpillar has cut the cost of its acquisition of a Chinese mining equipment group, meaning that it will take a big write-down following alleged accounting “irregularities”, the The Wall Street Journal writes.

  • Moody's upgrades Turkey to investment grade rating

    Friday 17 May 2013

    Moody's Investor Service has decided to upgrade Turkey's credit rating to an investment grade with a 'stable' outlook after the country underwent several reforms to its financial structure.

  • France predicts return to growth in second half of 2013

    Friday 17 May 2013

    Finance Minister Pierre Moscovici believes that growth will return to France in the second half of this year after data on Wednesday showed the French economy slipped into recession during the first quarter.

  • Commodities: Small moves as US dollar at 10 month high

    Friday 17 May 2013

    Commodity prices were little changed on Thursday as several macroeconomic indicators disappointed Stateside and as the US dollar rose to ten month highs.

  • US newspaper round-up: Berkshire, Boeing, Hess Corp...

    Thursday 16 May 2013

    “Proving once again that he's a long-term investor, not a day trader, billionaire investor Warren Buffett's Berkshire Hathaway made few changes to its closely followed $85bn stock portfolio in the first quarter,” the USA Today reports. The paper says that Berkshire upped its stakes in “three blue-chip favourites” - Wells Fargo, Wal-Mart and IBM.

  • West Texas: A clear resistance level

    Thursday 16 May 2013

    A weekly price chart for the West Texas futures contract shows a triangle formation with lower highs and higher lows, according to technical analysts at Digital Look.

  • Japanese economy expands at fastest pace in a year

    Thursday 16 May 2013

    Japanese gross domestic product (GDP) expanded at the fastest rate in a year during the first quarter of 2013, even though private investment continued to tumble.

  • Commodities: Oil up, gold down

    Thursday 16 May 2013

    Crude oil futures eked out a modest gain on Wednesday, snuffing out a four day losing streak, after a surprise drop in US crude stockpiles.

  • US newspaper round-up: Dell, Facebook, Apple...

    Wednesday 15 May 2013

    The Wall Street Journal cites people close to Dell as saying that the computer maker will report profits 'far worse' than analysts’ forecasts for the first quarter though revenues should come in a little higher. The company has pushed its reporting date forward from May 21st to May 16th but has not explained why.

  • ThyssenKrupp beats estimates net one-time charge

    Wednesday 15 May 2013

    German steel group ThyssenKrupp reported a fiscal second quarter loss of 656m euros although analysts had been looking for a slight profit of 25.5m euros.

  • Eurozone recession continues in first quarter

    Wednesday 15 May 2013

    The Eurozone recession continued at the start of 2013 as first-quarter gross domestic product (GDP) registered another contraction.

  • Italy to issue 30-year bond, still stuck in recession

    Wednesday 15 May 2013

    Italy published another contraction in the first quarter of this year and remains in its longest recession in the last 43 years as the country gears up to launch a 30-year syndicated bond.

  • France returns to recession in first quarter

    Wednesday 15 May 2013

    France fell back into recession in the first quarter of 2013 as the Eurozone crisis continued to hamper growth.

  • Ecofin looks to protect depositors from bank failures

    Wednesday 15 May 2013

    European finance ministers decided during Tuesday's Ecofin meeting that depositors with less than 100,000 euros in a failed bank will recover their entire funds.

  • German first-quarter growth misses expectations

    Wednesday 15 May 2013

    Germany registered weaker-than-expected growth in the first quarter of the year, narrowly skirting a recession as the Eurozone crisis continues to take its toll on the region's largest economy.

  • Commodities: Oil falls for fourth straight session

    Wednesday 15 May 2013

    US crude oil futures continued to fall on Tuesday amid persistent worries about abundant inventory levels against slowing demand.

  • Miners hit by growing fears over 'hard landing' in China

    Tuesday 14 May 2013

    Mining equities were under pressure on Tuesday on the back of fears of a so-called 'hard landing' in China, as analysts turned more bearish on the outlook for one of the world’s biggest consumers of metals.

  • US newspaper round-up: Sony, Continental Resources, Hess...

    Tuesday 14 May 2013

    “An American hedge fund billionaire known for starting big fights has called for a breakup of the entertainment and electronics colossus Sony, according to people briefed on the matter, possibly setting off a battle that could roil Japan’s famously staid corporate culture,” reports The New York Times.

  • Public faith in European unity falls, survey reveals

    Tuesday 14 May 2013

    The public is losing its faith in European unity as the region continues to tackle its debts, according to a new survey.

  • ECB member Asmussen wants bail-in mechanism by 2015

    Tuesday 14 May 2013

    European Central Bank (ECB) Executive Board member Joerg Asmussen has insisted on the need to review all European banks before the ECB takes over as a single banking supervisor.

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