FOREXLEARNING

Canon raises 2010 outlook on digicams, printers »

TOKYO (Reuters) – Japan’s Canon Inc (7751.T) raised its annual outlook closer to market expectations on Monday after robust demand for digital cameras and printers powered up its quarterly profit by more than fourfold.

Japan

The result marked Canon’s second straight quarter of year-on-year profit growth after eight quarters of decline and underscored a budding recovery in [...]

Stock futures drop on Greek deficit news, U.S. data eyed »

NEW YORK (Reuters) – U.S. stock index futures fell on Thursday as Greece’s financial position appeared to deteriorate, hurting risk appetite.

Greece

Doubts over Greece’s ability to finance itself have triggered negative investor sentiment in recent months. On Thursday, the European Union reported that Greece, as well as Ireland, had much larger budget deficits last year than [...]

Goldman charges rattle world markets »

NEW YORK (Reuters) – World stock markets dropped on Friday after U.S. regulators charged Goldman Sachs Group Inc. (GS.N) with fraud related to subprime mortgages, while the euro dropped on worries about Greece’s debt crisis.

Greece

The CBOE Volatility index .VIX jumped 15.54 percent as U.S. stocks ended the session down more than 1 percent in [...]

Goldman Sachs charged with fraud by SEC »

NEW YORK (Reuters) – Goldman Sachs Group Inc was charged with fraud by the U.S. Securities and Exchange Commission over its marketing of a subprime mortgage product, igniting a battle between Wall Street’s most powerful bank and the nation’s top securities regulator.

The civil lawsuit is the biggest crisis in years for a company that faced [...]

Leaders mull EU support tool, markets turn on Greece »

MADRID (Reuters) – Greece’s aid deal has saved it from default and quashed fears of a euro zone breakup, policymakers said on Thursday, and the head of its finance minister group said new tools were needed to help fiscal stragglers.

Greece

Investors took a less rosy view, selling the euro and driving up Greek bond yields ahead [...]

Special Report: Sweethearts in crime »

NEW YORK (Reuters) – Jeffery Stone and his wife Janette Diller Stone, one-time operators of a now-defunct New York investment firm called Crescent Fund, are not on any government most wanted list. And they aren’t exactly hiding, either. But the former Greenwich, Connecticut, residents owe U.S. regulators nearly a half-million dollars in fines and restitution [...]

Wall Street futures point to weaker open »

(Reuters) – U.S. stocks futures fell on Thursday, pointing to weakness on Wall Street for a second-straight session, with persistent concerns over the fiscal situation in Greece seen weighing on investor sentiment.

By 5:15 a.m. EDT, futures for the Dow Jones and the Nasdaq shed 0.4 percent, while futures for the S&P 500 were 0.5 percent [...]

BA seals long-awaited Iberia deal »

MADRID/LONDON (Reuters) – British Airways (BAY.L) and Spain’s Iberia (IBLA.MC) signed an $8 billion merger to create the world’s third-largest airline by revenue on Thursday, bringing a tie-up with American Airlines (AMR.N) a step closer.

Deals

The merger, which the pair hope to complete by December, is designed to help BA and Iberia stem over $1 billion [...]

Geithner to meet top HK official as yuan talk mounts »

HONG KONG (Reuters) – U.S. Treasury Secretary Timothy Geithner will meet the top Hong Kong government official on Thursday before heading to Beijing for talks, with speculation swirling that the diplomacy presaged a change in China’s currency policy.

“On Thursday, Secretary Geithner will stop in Hong Kong on his return from India. There he will meet [...]

Dai-ichi Life gains on debut after $11 billion IPO »

TOKYO (Reuters) – Dai-ichi Life Insurance rose 14 percent on its debut on Thursday after pricing its $11 billion IPO at a discount to rivals, but investors remain wary of its growth prospects outside a mature Japanese market.

Deals  |  Asian Markets

The IPO was the world’s largest since Visa Inc’s $19.7 billion offering two years ago and was [...]