FOREXLEARNING

EADS CEO slams Boeing “propaganda,” and sees WTO appeal »

By Matthias Blamont and Lionel Laurent
Sat Jul 3, 2010 8:17am EDT

AIX-EN-PROVENCE, France (Reuters) – EADS (EAD.PA) Chief Executive Louis Gallois on Saturday slammed arch-rival Boeing’s “propaganda campaign” over a World Trade Organization panel ruling and said it was a sign of fear ahead of a decision on a hotly contested U.S. aerial tanker contract.

Gallois also [...]

Germany sees private sector helping Greece »

ATHENS (Reuters) – European banks will contribute to a multi-billion euro Greek bailout, Germany said on Friday, as talks to secure European Union and IMF aid to Athens in return for draconian budget cuts edged toward a deal.

Germany

The European Commission said negotiations on the loan package should be wrapped up by Saturday, and a spokesman [...]

PIMCO sees Greece action ineffective; UK downgrade »

TAIPEI (Reuters) – PIMCO sees Europe’s action on Greece as ineffective in fixing the country’s problems, while Britain’s sovereign debt rating could be downgraded within a year, a top executive of the world’s largest bond fund said.

Scott Mather, head of global portfolio management at Pacific Investment Management Co (PIMCO), told a briefing in Taipei on [...]

EADS sees no financial hit from U.S. tanker loss »

EADS sees no financial hit from U.S. tanker loss
(Reuters) – The apparent loss this week of a U.S. in-flight refueling tanker contract worth up to $50 billion will not affect EADS’s (
EAD.PA
) finances, the European aerospace group’s chief executive said on Thursday.
On Monday EADS’s U.S. partner Northrop Grumman (
NOC.N
) [...]

Allied Irish sees first FY loss, capital plan vague »

Allied Irish sees first FY loss, capital plan vague
ALBK.I
) posted its first ever full-year net loss, after being burned in a property market crash, and did not offer any exact guidance on when or how it would restore profits and its capital base.
Allied Irish, in which the government last year acquired a [...]

Volcker sees no threat to dollar as reserve currency »

Paul Volcker, the former Federal Reserve chairman who is advising the Obama administration, said the U.S. dollar’s role as the world’s reserve currency is likely not in jeopardy, but warned central bankers to keep a close eye on inflation.
Volcker made the comments about the dollar while speaking CLSA’s AsiaUSA Forum in San Francisco, according [...]

Berkshire net rises, Buffett sees housing rebound (Reuters) »

said fourth-quarter profit surged, helped by derivatives bets tied to
, though
fell 40 percent as the weakened economy weighed on several businesses.
Profit rose for a third straight quarter, and full-year profit increased 61 percent, as Berkshire rebounded from perhaps its worst year since
took over in 1965.
“I was quite impressed with the [...]

Nestle sees higher growth 2010 after FY beats poll »

VEVEY, Switzerland (Reuters) -
NESN.VX
), the world’s biggest food group, is aiming for higher underlying sales growth in 2010 after a robust performance in Asia and the Americas helped it beat forecasts for 2009.
The group behind Nescafe instant coffee, Maggi soup, Gerber baby food and Perrier water beat estimates with 4.1 percent growth [...]

Goldman Sachs economist sees China revaluing yuan »

China could be about to allow its currency to strengthen by as much as 5 percent to slow down the country’s fast-growing economy, Goldman Sachs’ (
GS.N
) chief economist was quoted as saying on Sunday.
“I have a strong opinion that they’re close to moving the exchange rate,” Jim O’Neill told Bloomberg. “Something’s brewing. [...]

Toyota sees $2 billion hit from recall problems »

TOKYO/WASHINGTON (Reuters) – Toyota Motor Corp expects costs and lost sales from its largest ever safety recall to total $2 billion for the year to March, but raised its outlook after posting its strongest operating profit in six quarters.
Toyota’s recall of more than 8 million vehicles due to problems with unintended acceleration has punished [...]