SINGAPORE, Aug. 20, 2008 (Reuters) — Oil prices extended gains to $115 a barrel on Wednesday, after a lower U.S. dollar rekindled buying in oil and other commodities. ... > full story
LONDON, Aug. 20, 2008 (Reuters) — World stocks edged higher on Wednesday after the previous day's tumble to their lowest level in almost two years attracted some buyers, while rebounding commodity prices helped resource shares. ... > full story
SINGAPORE, Aug. 19, 2008 (Reuters) — The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world's biggest economy hits further troubles, former IMF chief economist Kenneth Rogoff said on Tuesday. ... > full story
WASHINGTON, Aug. 19, 2008 (Reuters) — U.S. wholesale prices shot up in July at the fastest annual rate in 27 years, while home builders cut back on construction as they worked through a glut of unsold homes, government data showed on Tuesday. ... > full story
ASPEN, Colo., Aug. 19, 2008 (Reuters) — The U.S. Federal Reserve must be ready to take action if slowing economic growth fails to curb inflation stemming from higher food and energy prices, two top Fed policy-makers said on Tuesday, indicating that higher interest rates may be needed. ... > full story
NEW YORK, Aug. 19, 2008 (Reuters) — U.S. stocks fell for a second straight session on Tuesday as credit worries hit bank shares and a report showing inflation remains a threat despite slower growth stoked the market's anxiety. ... > full story
ASPEN, Colo., Aug. 19, 2008 (Reuters) — The U.S. Federal Reserve must be ready to take action if slowing economic growth fails to curb inflation stemming from higher food and energy prices, one of its top policy-makers said on Tuesday. ... > full story
HONG KONG, Aug. 19, 2008 (Reuters) — China's huge state banks are poised to report strong profit growth for the first half in 2008, thanks to wider margins and strong fee income, but funding costs are expected to rise in the second half, eroding growth. ... > full story
ASPEN, Colorado, Aug. 18, 2008 (Reuters) — Chinese economic growth can deliver a potentially massive boost to global energy demand with clear implications for long-term oil prices, Dallas Federal Reserve Bank President Richard Fisher said on Monday. ... > full story
TOKYO, Aug. 18, 2008 (Reuters) — Mitsubishi UFJ Financial Group <8306.T> sweetened its bid for full control of UnionBanCal Corp by 17 percent to $3.5 billion, clinching a deal nearly four months after first making an offer for the California bank. ... > full story
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Market Report -- In Play (UB) Aug. 18, 2008 (MSN Money) — Mitsubishi UFJ Financial Group and UnionBanCal sign definitive merger agreement Mitsubishi UFJ Financial Group (MTU) and co announce that they have ...
Mitsubishi Is Said to Be Close to Deal for California Bank Aug. 18, 2008 (New York Times) — Mitsubishi UFJ Financial Group, one of Japan's largest banks, is near a deal to buy the remaining part of UnionBanCal Corporation that it does not ...
Merrill’s UK Tax Bill? Zero Aug. 15, 2008 (Trader Daily, UK) — Merrill Lynch is unlikely to pay corporation tax in the UK for several decades after $29bn (£16bn) of losses suffered by the US investment bank ...
Reuters Business Summary July 31, 2008 (Conde Nast Portfolio) — GDP grew modestly in Q2, jobless claims up. An emergency dose of government stimulus helped the economy grow at a 1.9 percent annual rate in the ...
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