FOREXLEARNING

Analysis: Behind Brazil’s surprise rate cut: “ugly” numbers »

By Isabel Versiani and Brian Winter
BRASILIA/SAO PAULO | Wed Sep 7, 2011 9:38am EDT

BRASILIA/SAO PAULO (Reuters) – Among the legions of Brazil-watchers who were caught off guard by last week’s 50 basis point interest rate cut, count President Dilma Rousseff.

“This was a surprise for us, too,” [...]

Ex-BP boss Hayward makes $4 billion bet on Genel Energy »

By Tom Bergin
LONDON | Wed Sep 7, 2011 6:14am EDT

LONDON (Reuters) – Former BP boss Tony Hayward has returned to the oil business with an agreement to acquire Turkish explorer Genel Energy via a reverse takeover to create a Kurdistan-focused group worth $4 billion.

Vallares, an investment [...]

GE to “vigorously contest” mortgage lawsuit »

BOSTON | Wed Sep 7, 2011 9:05am EDT

BOSTON (Reuters) – General Electric Co (GE.N) said it would “vigorously contest” a lawsuit by the Federal Housing Finance Agency, which said the conglomerate’s former WMC unit made inaccurate statements about the sale of two residential mortgage-backed securities.

GE was [...]

HSBC to cut 3,000 jobs in Hong Kong »

HONG KONG/LONDON | Wed Sep 7, 2011 8:05am EDT

HONG KONG/LONDON (Reuters) – HSBC (0005.HK) (HSBA.L), Europe’s biggest bank, is to cut 3,000 jobs in Hong Kong over the next three years as it targets its first wave of an aggressive cost-cutting plan on five countries.

The bank [...]

Wall Street down on Europe; bear market fears grow »

By Edward Krudy
NEW YORK | Tue Sep 6, 2011 5:01pm EDT

NEW YORK (Reuters) – Wall Street fell for a third day on Tuesday on fears Europe still has failed to tackle its debt crisis, prompting worries the market is headed to new lows for the year.

Investors [...]

Futures up in technical rebound; Yahoo eyed »

By Angela Moon
NEW YORK | Wed Sep 7, 2011 7:31am EDT

NEW YORK (Reuters) – Stock index futures rose on Wednesday, a day after sharp losses sparked by new concerns Europe was failing to tackle its debt crisis.

* European stocks rebounded from a two-year low after Germany’s [...]

AT&T could lower T-Mobile bid price if remedies grow: report »

Bangalore | Tue Sep 6, 2011 9:46pm EDT

Bangalore (Reuters) – AT&T Inc can lower the price it pays for T-Mobile USA Inc if the remedies requested by regulators become too expensive, a Bloomberg report said, citing three people with direct knowledge of the merger contract.

AT&T would [...]

BofA consumer bank, brokerage chiefs to step down »

By Joe Rauch
CHARLOTTE, North Carolina | Tue Sep 6, 2011 8:43pm EDT

CHARLOTTE, North Carolina (Reuters) – Bank of America Corp (BAC.N), which has lost almost half of its market value this year, announced a broad reorganization on Tuesday that includes the departure of two senior executives.

The [...]

BYD warns of slower H2, says dealer pullouts overstated »

By Alison Leung and Fang Yan
HONG KONG/BEIJING | Mon Aug 23, 2010 4:45am EDT

HONG KONG/BEIJING (Reuters) – China’s BYD Co Ltd (1211.HK), backed by U.S. billionaire Warren Buffett, warned on Monday of a slowdown in car sales during the second half of the year and said [...]

SABMiller, Asahi eye Foster’s beer unit: sources »

By Michael Smith and David Jones
SYDNEY/LONDON | Mon Aug 23, 2010 7:42am EDT

SYDNEY/LONDON (Reuters) – Brewing groups SABMiller (SAB.L) and Asahi Breweries (2502.T) are looking at Foster’s Group’s (FGL.AX) beer operations, valued at more than $10 billion, but have not yet made any formal offers, sources [...]