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Asia shares rise on progress in euro zone rescue →  October 13, 2011

By Chikako Mogi TOKYO | Thu Oct 13, 2011 2:38am EDT TOKYO (Reuters) – Asian shares rose on Thursday on growing optimism that Europe will take concrete steps to contain the region’s debt woes and head off a systemic banking crisis, but European equities were seen weaker as credit problems fueled growth concerns.   Strengthening […]

Slovakia blocks euro rescue fund →  October 12, 2011

By Jan Lopatka and Ingrid Melander BRATISLAVA/ATHENS | Wed Oct 12, 2011 3:05am EDT BRATISLAVA/ATHENS (Reuters) – The parliament of tiny Slovakia stalled the expansion of a bailout fund to rescue the euro zone from its debt crisis on Tuesday, but international lenders said they were likely to grant a loan to Greece next month, […]

Asia shares edge up on China bounce, euro stalls →  October 12, 2011

By Chikako Mogi TOKYO (Reuters) – A rebound in Chinese shares helped lift most Asian stocks into positive territory on Wednesday, but gains were limited by concerns that the threat posed to the global economic outlook by Europe’s debt crisis is weighing on corporate earnings. Euro STOXX 50 index futures fell 0.2 percent, pointing to […]

Insight: New bankruptcy ripples may emerge in tough economy →  October 11, 2011

By Tom Hals, Sue Zeidler and Caroline Humer Tue Oct 11, 2011 12:17am EDT (Reuters) – Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among those struggling for survival.   Companies in a range […]

Shares rise after China bank move, euro firm →  October 11, 2011

By Alex Richardson SINGAPORE (Reuters) – Asian shares rose on Tuesday after China moved to support its stock market by buying shares of major banks, and the euro held the previous session’s big gains on hopes that European leaders are finally taking action to protect the continent’s lenders.   European stock index futures pointed to […]

Fitch cuts Italy, Spain ratings; outlook negative →  October 8, 2011

By Gavin Jones ROME (Reuters) – Fitch Ratings on Friday cut Italy’s sovereign credit rating by one notch and Spain’s by two, citing a worsening of the euro zone debt crisis and a risk of fiscal slippage in both countries. The cuts underline the growing vulnerability of the euro zone, which is already struggling to […]

UAW calls Chrysler meeting as bargaining resumes →  October 8, 2011

By Bernie Woodall and Allison Martell DETROIT/MONTREAL | Fri Oct 7, 2011 10:47pm EDT DETROIT/MONTREAL (Reuters) – The United Auto Workers union has summoned local officials representing some 26,000 Chrysler Group LLC workers to Detroit as contract talks with the No. 3 U.S. automaker near a turning point.   Chrysler Chief Executive Sergio Marchionne said […]

Earnings on deck as Europe eyed →  October 8, 2011

By Chuck Mikolajczak NEW YORK (Reuters) – Investors tiring of the euro zone’s debt crisis dragging the market all over the place are hoping to focus on something else next week — earnings. But will third-quarter results be enough to drive the SP 500 higher? Or will Europe’s woes get in the way? The unofficial […]

Should the banks be nationalised? →  October 7, 2011

A must read for the Occupy Protests The bank bailouts have proven the responsibility of the banks has outweighed their interest and ability to serve their customers.  A bank is a business and as a capital creating organisation is within its rights to do exactly that. Morality is something only expressed by a bank if […]

Apple’s board needs to step up to new era →  October 7, 2011

By Poornima Gupta and Sinead Carew SAN FRANCISCO/NEW YORK | Thu Oct 6, 2011 9:30pm EDT SAN FRANCISCO/NEW YORK (Reuters) – The death of Apple Inc’s strong-willed co-founder and Chairman Steve Jobs has put the secretive company’s small board at crossroads.   Business as usual, or time for a change? The first signs of the […]