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Asian shares ease as growth downturn fuels earnings worries
Jul 11th, 2012
TOKYO (Reuters) - Asian shares inched lower on Wednesday on worries that the global economic slowdown will hurt corporate earnings, with the market still unconvinced the euro zone can decisively bring down struggling member states' borrowing costs even after yields pulled back. Prospects for dismal corporate earnings compounded concerns that a deteriorating global economy has taken a toll on profit growth, and sent U.S. stocks down for a fourth day on Tuesday. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1 percent, while Japan's Nikkei average opened down 0.4 percent. ... (Source: Reuters) -
By Masayuki Kitano SINGAPORE (Reuters) - The dollar held firm near a 10-month high versus a basket of currencies on Friday after a U.S. Federal Reserve official said the central bank may begin to taper its asset buying this summer, while Asian shares were mixed. U.S. equities had sagged on Thursday after John Williams, president of the Federal Rese... [Full Article]
By Ryan Vlastelica NEW YORK (Reuters) - Stock markets around the world edged higher on Tuesday amid signs of improving growth, even as uncertainties concerning monetary policy limited gains. The Dow and S&P 500 were at all-time highs while the dollar rose and gold fell. The euro was slightly higher, though a slowdown in British inflation sent s... [Full Article]
Children may develop anxiety, especially about going to school, after hearing the news that children in Moore, Okla., died when a powerful tornado struck schools, experts say. (Source: LiveScience.com)... [Full Article]
MUMBAI (Reuters) - Standard & Poor's expects India to grow around 6 percent in the current fiscal year ending March 2014, said credit analyst Takahira Ogawa. The rating agency also does not expects any significant improvement in structural reforms in India, Ogawa said in a teleconference, after reiterating in a release the negative outlook... [Full Article]
A new synthetic type of biofuel created by mixing and matching bits of DNA from different organisms could one day replace diesel and jet fuel, scientists say. (Source: LiveScience.com)... [Full Article]
LONDON (Reuters) - Football champions Manchester United topped the table for English Premier League television income in 2012-13, raking in almost 61 million pounds ($93 million) in the final year of the current three-year contract, the League said on Tuesday. Relegated Queens Park Rangers, owned by Malaysian airline boss Tony Fernandes, received a... [Full Article]
NEW YORK (AP) - Signs of a slowing economy dragged down the stock market Wednesday. Even the prospect of continued stimulus from the Federal Reserve didn't help. (Source: Associated Press)... [Full Article]
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