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Updated: 2 hours 55 min ago

Wen says China has stake in helping Europe

3 hours 39 min ago

BEIJING (Reuters) - China has a stake in helping euro zone countries get through their debt crisis, Chinese Premier Wen Jiabao said in comments published on Sunday, pointing to Europe's importance as a market and hinting at more possible support for beleaguered exporters.

Categories: business

Central bank liquidity tap to stay open

5 hours 27 min ago

LONDON (Reuters) - After a blockbuster January for both equities and bonds - rallies that caught many in the market by surprise - investors will be paying keen attention to the world's central banks in the coming week for signs of continued easy money.

Categories: business

Olympus to hold shareholder meeting on April 20

5 hours 28 min ago

TOKYO (Reuters) - Japan's troubled Olympus Corp said on Sunday it will hold an extraordinary shareholders meeting on April 20, when it is expected to seek approval of a new management team.

Categories: business

Micron appoints Durcan CEO after Appleton's death

Sun, 2012-02-05 02:16

SAN FRANCISCO (Reuters) - Memory chipmaker Micron Technology's board appointed company veteran Mark Durcan as chief executive a day after longtime Chairman and CEO Steve Appleton was killed in a plane crash.

Categories: business

Clock ticks on Greece's bailout deadline

Sun, 2012-02-05 00:56

ATHENS (Reuters) - Greek Prime Minister Lucas Papademos faces a critical task of convincing international lenders and political party leaders on Sunday to agree to the stringent terms of a 130 billion euro ($171 billion) rescue plan to stave off looming default.

Categories: business

Euro zone loses patience with Greece

Sat, 2012-02-04 23:38

BRUSSELS (Reuters) - Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms needed to secure a second financing package from the euro zone and the IMF.

Categories: business

Eurogroup's Juncker warns of possible Greece default

Sat, 2012-02-04 22:59

BERLIN (Reuters) - The possibility of a sovereign default by Greece cannot be ruled out, Jean-Claude Juncker, head of the Eurogroup of finance ministers from the single currency zone, said in a German magazine on Saturday.

Categories: business

Greece says faces 24-hour deadline to clinch rescue

Sat, 2012-02-04 20:42

ATHENS (Reuters) - Greece has just one day left to strike a deal with impatient lenders and reluctant political party leaders on a 130 billion rescue plan before the country is pushed towards a chaotic default, its finance minister warned on Saturday.

Categories: business

Deutsche Boerse board member wants CEO out: paper

Sat, 2012-02-04 12:48

FRANKFURT (Reuters) - Deutsche Boerse's chief executive Reto Francioni should step down following the collapse of its $7.4 billion plan to merge with NYSE Euronext , a member of the German exchange operator's supervisory board told a newspaper.

Categories: business

Hungary seeks 15-20 billion euro IMF/EU credit line: official

Sat, 2012-02-04 12:19

BUDAPEST (Reuters) - Hungary is seeking an international credit line of 15 to 20 billion ($20 to $26.3 billion) euros, the secretary of state heading the prime minister's office, Mihaly Varga, was quoted on Saturday as saying.

Categories: business

Nasdaq vaults to 11-year high on surge in jobs

Sat, 2012-02-04 00:14

NEW YORK (Reuters) - A surge in hiring in the world's largest economy last month drove the Nasdaq to an 11-year high on Friday as optimism grew that the labor market is on a steady path to recovery.

Categories: business

Jobless rate at 3-year low as payrolls surge

Sat, 2012-02-04 00:14

WASHINGTON (Reuters) - The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama.

Categories: business

Stanford had secret fund for bribes, yacht: witness

Fri, 2012-02-03 23:35

HOUSTON (Reuters) - Texas financier Allen Stanford drew on a secret Swiss bank account for personal expenses such as yacht maintenance and to pay bribes, the government's top witness said at Stanford's fraud trial on Friday.

Categories: business

Nasdaq core profit tops expectations

Fri, 2012-02-03 23:32

(Reuters) - Nasdaq OMX Group Inc's core profit topped analysts' expectations for the fourth quarter, boosted by a rise in revenue from market data and technology, which helped offset a soft trading environment.

Categories: business

New York sues banks over electronic mortgage system

Fri, 2012-02-03 22:54

NEW YORK (Reuters) - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices.

Categories: business

Wall Street analysts struggle to predict Apple

Fri, 2012-02-03 22:51

SAN FRANCISCO (Reuters) - By day, Robert Leitao manages a Catholic church in Southern California. By night, he indulges his other passion: predicting Apple Inc's results.

Categories: business

A sobering look at Facebook

Fri, 2012-02-03 22:15

SAN FRANCISCO (Reuters) - It's the year's hottest initial public offering, but some wealth managers find themselves having a hard time recommending Facebook to their clients.

Categories: business

Factory orders up, business spending rises

Fri, 2012-02-03 19:56

WASHINGTON (Reuters) - New orders for U.S. factory-made products posted a second straight monthly rise in December and business capital spending also picked up, a government report on Friday showed.