http://bankingsite.info/ ru Bankingsite.info - Banking News - Stock Market News - Economic News - Employment News - Financial News DataLife Engine http://bankingsite.info/stock-market-news/886-world-stocks-rally-after-solid-manufacturing-data.html http://bankingsite.info/stock-market-news/886-world-stocks-rally-after-solid-manufacturing-data.html LONDON – World stocks rallied Monday after solid manufacturing surveys rekindled hopes of a strong recovery in the global economy and kicked off a busy week that could well set the tone in markets for a while to come. In Europe, the FTSE 100 index of leading British shares closed up 58.89 points, or 1.1 percent, at 5,247.41 while Germany's DAX rose 45.69 points, or 0.8 percent, to 5,654.48. The CAC-40 in France was 22.55 points, or 0.6 percent, higher at 3,762.01.On Wall Street ...
]]> admin Mon, 01 Feb 2010 12:56:21 -0500 http://bankingsite.info/economic-news/885-skorea-exports-post-biggest-gain-in-over-2-decades.html http://bankingsite.info/economic-news/885-skorea-exports-post-biggest-gain-in-over-2-decades.html SEOUL, South Korea – South Korea's exports surged in January, posting their biggest gain in more two than decades as shipments of auto parts, semiconductors and consumer electronics rose amid the global economic recovery. Exports increased 47.1 percent to $31.08 billion in January from the same month the year before, the Ministry of Knowledge Economy said Monday. That was the biggest gain since exports rose of 52.6 percent in August of 1988, said ministry official ...
]]> admin Mon, 01 Feb 2010 08:53:40 -0500 http://bankingsite.info/economic-news/884-ubs-falls-after-swiss-minister-comments-on-us-row.html http://bankingsite.info/economic-news/884-ubs-falls-after-swiss-minister-comments-on-us-row.html ZURICH – Shares in UBS fell to their lowest level since July on Monday after the justice minister underscored the risk to the Swiss economy should the bank's settlement of a U.S. tax dispute unravel. UBS settled a damaging tax row with the United States in August by agreeing to transfer data on 4,450 clients to U.S. tax authorities. But that deal is in question after a Swiss court ruled last month that most of the data cannot be transferred. The threat that UBS could lose its license ...
]]> admin Mon, 01 Feb 2010 08:46:52 -0500 http://bankingsite.info/business-news/883-obama-unveils-383t-budget-with-massive-deficits.html http://bankingsite.info/business-news/883-obama-unveils-383t-budget-with-massive-deficits.html WASHINGTON – President Barack Obama sent Congress a $3.83 trillion budget on Monday that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs. The deficit for this year would surge to a record-breaking $1.56 trillion, topping last year's then unprecedented $1.41 trillion gap. The deficit would remain above $1 trillion in 2011 although the president proposed to institute ...
]]> admin Mon, 01 Feb 2010 08:38:08 -0500 http://bankingsite.info/business-news/882-bloomingdales-opens-first-non-us-store-in-dubai.html http://bankingsite.info/business-news/882-bloomingdales-opens-first-non-us-store-in-dubai.html DUBAI – New York's famed Bloomingdale's department store opened its doors in the Middle East's biggest mall on Sunday in its first foray outside its home market. The Macy's Inc (M.N) unit has teamed up with the United Arab Emirates' Al Tayer Group, which is investing 270 million dirhams ($73.5 million) in a venture first announced in September 2008. "We are bringing the best of America to Dubai with Bloomingdale's," said Shireen el-Khatib, chief executive of Al Tayer Insignia ...
]]> admin Mon, 01 Feb 2010 08:27:37 -0500 http://bankingsite.info/economic-news/881-oil-prices-rise-as-nigerian-militants-end-ceasefire.html http://bankingsite.info/economic-news/881-oil-prices-rise-as-nigerian-militants-end-ceasefire.html LONDON – Oil prices rose Monday on supply concerns as militants operating in Nigeria's key oil-producing region ended a ceasefire and Royal Dutch Shell was forced to cut output after a pipeline was sabotaged. New York's main futures contract, light sweet crude for delivery in March, gained 32 cents to 73.21 dollars a barrel at about 1200 GMT after dipping by a similar amount during Asian trading hours. Brent North Sea crude for March rose 36 cents to 71.82 dollars ...
]]> admin Mon, 01 Feb 2010 08:20:19 -0500 http://bankingsite.info/economic-news/880-oil-prices-turn-higher.html http://bankingsite.info/economic-news/880-oil-prices-turn-higher.html LONDON – Oil prices climbed on Monday, reversing earlier losses caused by worries over weak demand, analysts said. New York's main futures contract, light sweet crude for delivery in March, gained 30 cents to 73.19 dollars a barrel at about 1000 GMT after dipping by a similar amount during Asian trading hours. Brent North Sea crude for March rose 33 cents to 71.79 dollars. Investors remained concerned over low demand even as the United States, the world's largest energy ...
]]> admin Mon, 01 Feb 2010 08:14:09 -0500 http://bankingsite.info/business-news/879-humana-profit-jumps-44-percent-in-line-with-targets.html http://bankingsite.info/business-news/879-humana-profit-jumps-44-percent-in-line-with-targets.html NEW YORK – Humana Inc (HUM.N) said quarterly profit jumped 44 percent, in line with Wall Street targets, as the improved performance of its Medicare plans for the elderly offset weakness in its plans serving employers. Humana slightly raised its full-year profit forecast, a move that had been expected after it won an extension of a military health contract, but the new forecast came in below the average analyst estimate. Humana, one of the largest Medicare providers, raised its ...
]]> admin Mon, 01 Feb 2010 08:08:21 -0500 http://bankingsite.info/stock-market-news/878-european-markets-steady-at-start-of-busy-week.html http://bankingsite.info/stock-market-news/878-european-markets-steady-at-start-of-busy-week.html LONDON – European stock markets were steady Monday as investors approached a busy week of economic and corporate reports with caution. In Europe, the FTSE 100 index of leading British shares was up 15.30 points, or 0.3 percent, at 5,203.82 while Germany's DAX rose 3.09 points, or 0.1 percent, to 5,611.88. The CAC-40 in France was 7.27 points, or 0.2 percent, lower at 3,732.19. Wall Street was poised for a more solid opening later — Dow futures were up 48 points, or ...
]]> admin Mon, 01 Feb 2010 08:00:22 -0500 http://bankingsite.info/banking-and-finance-news/877-germany-hints-will-buy-secret-swiss-bank-data.html http://bankingsite.info/banking-and-finance-news/877-germany-hints-will-buy-secret-swiss-bank-data.html BERLIN – Germany signalled Monday it would buy a disc said to contain the names of up to 1,500 Germans dodging the taxman by parking funds in Switzerland, in a blow to the Alpine country's cherished bank secrecy. A finance ministry spokesman told a regular government press briefing here Berlin would follow a 2008 precedent when the German secret service paid five million euros (seven million dollars) for data stolen from Liechtenstein. "A decision will be taken ...
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