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Global shares fall as growth downturn fuels earnings worries
Jul 11th, 2012
TOKYO (Reuters) - Asian shares fell on Wednesday on worries that the global economic slowdown will erode corporate earnings, with the market unconvinced the euro zone can decisively bring down struggling member states' borrowing costs even after yields pulled back. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent, after slipping to a new low for the month in the wake of a four-day losing streak in U.S. stocks. Japan's Nikkei average shed 0.4 percent. ... (Source: Reuters) -
By Herbert Lash NEW YORK (Reuters) - The dollar soared on Friday against a basket of currencies, reaching a nearly three-year peak, and global equity indexes gained as speculation mounted over whether the Federal Reserve would soon begin to rein in its asset-buying program. Wall Street advanced, with the benchmark S&P 500 rebounding from its wo... [Full Article]
By Matt Scuffham LONDON (Reuters) - Shares in state-backed Lloyds Banking Group rose above the level which the government sees as its break-even price after its 20.5 billion pound rescue of the bank, raising hopes of a sale this year. Lloyds shares, the top performer in the FTSE-100 last year, rose 2.5 percent to reach 62.5 pence at 13:00 p.m. on F... [Full Article]
SITTWE, Myanmar (AP) - A cyclone only a day away carries wind and rain that could become deadly. But in dozens of refugee camps that spatter Myanmar's western coast, the order to evacuate ahead of the storm was met with widespread refusal. (Source: Associated Press)... [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]
Reuters Market Eye - The BSE Sensex risks of some consolidation after indexes ended at their highest close since November 2010 on Friday. Earnings will be key, with Coal India Ltd , State Bank of India Ltd and Jet Airways Ltd set to report next week. Investors will also be eyeing whether strong foreign buying continues. Overseas investors were net ... [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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