Reuters: Business News

Dubai debt difficulties hammer stocks

Thu, 26 Nov 2009 12:14:30 -0500

LONDON (Reuters) - Debt problems in Dubai struck financial markets hard on Thursday, sinking global stocks, lifting safe-haven bonds and driving the dollar higher.

No Thanksgiving rest for retailers in sales race

Thu, 26 Nov 2009 19:38:32 -0500

NEW YORK (Reuters) - U.S. shoppers may stretch tight budgets this year to reward loved ones after months of thrift, a softening of heart that store chains hope will erase the holiday season sales debacle of 2008.

Dubai struggles to ease debt default fears

Thu, 26 Nov 2009 21:40:04 -0500

DUBAI/LONDON (Reuters) - Dubai struggled to ease fears of debt default on Thursday after its move to delay repayments at two flagship firms shook confidence in the Middle East as a center for investment and a source of capital.

Japan mired in deflation, dollar/yen adds to pain

Thu, 26 Nov 2009 21:00:34 -0500

TOKYO (Reuters) - Japanese consumer price index excluding volatile food and energy prices slid in the year to October at the fastest rate since 2001 with increasing signs that weak demand is weighing on prices, while a tumbling dollar adds to price pressures.

UK's Brown to push bank bailout plan at summit

Thu, 26 Nov 2009 21:20:33 -0500

LONDON (Reuters) - Prime Minister Gordon Brown said he would lobby for support for his plan to make banks pay for any future bailout at a Commonwealth summit this week.

Fannie Mae to tighten lending standards: report

Thu, 26 Nov 2009 06:07:12 -0500

WASHINGTON (Reuters) - Fannie Mae plans to raise minimum credit score requirements next month and limit the amount of overall debt that borrowers can carry relative to their incomes, The Washington Post reported on Thursday.

BHP denies Rio backsliding on iron ore tie-up

Thu, 26 Nov 2009 05:03:50 -0500

BRISBANE (Reuters) - Global miner BHP Billiton dismissed talk on Thursday that rival Rio Tinto was baulking at a proposed $116 billion joint venture in iron ore, insisting the two were close to a binding agreement.

Bruised Lloyds gets OK for record cash call

Thu, 26 Nov 2009 12:41:02 -0500

BIRMINGHAM, England (Reuters) - UK bank Lloyds' army of small investors grilled executives for over three hours on Thursday over secret central bank loans and mistakes made during the crisis, but agreed to back a record-breaking rights issue.

Chi-X says LSE blocked routing of trades to rivals

Thu, 26 Nov 2009 10:43:01 -0500

LONDON (Reuters) - Chi-X Europe criticized the London Stock Exchange for adopting a procedure that prevented trades being routed to rival venues when glitches halted trading for more than three hours on Thursday.

India Mahindra Satyam hit by new charges; outlook uncertain

Thu, 26 Nov 2009 05:56:39 -0500

BANGALORE (Reuters) - Mahindra-Satyam shares fell to a 4-month low on Thursday, before recovering, on concerns over its outlook after Indian investigators filed new charges over accounting fraud that hit Satyam earlier this year.