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World - Stocks subdued after business surveys

TOKYO (AP) — World stock markets were subdued Thursday after a survey showed China`s factory output grew at the slowest pace in five months and a separate report suggested some improvement in Europe`s business activity.

Thursday, October 23, 2014  13:14


Business - GM posts higher-than-expected profit on strong North American demand

DETROIT (Reuters) - General Motors Co on Thursday posted a higher-than-expected profit for the third quarter on strong demand in its home North American market and in China. Net income rose to $1.38 billion, or 81 cents a share, from $698 million, or 45 cents a share, a year earlier. Excluding one-time items, GM earned 97 cents a share, 2 cents above what analysts polled by Thomson Reuters I/B/E/S had expected. The quarter included $300 million in special items for flood damage sustained at the company`s technical center outside Detroit and the writedown of assets in Russia. ...

Thursday, October 23, 2014  12:56


Business - 5 Secrets to Building a Successful Mobile Application

The mobile industry will forever change how we consume information around the World, unsurprisingly - we will probably experience similar changes to local communities, neighborhoods. I just read an article that says that the mobile gaming industry will soon overtake console gaming market, I wonder what those investors are starting to feel...

Thursday, October 23, 2014  12:01


Market - Just how sick are Europe`s top banks?

Regulators are about to reveal the results of an extensive health check of Europe`s top 130 banks, indicating which may need a cash infusion.

Thursday, October 23, 2014  11:43


Most Recent - Jeff Walters: Don`t ease up now in emerging markets

Thursday, October 23, 2014  11:43


World - EU set to allow car emissions into carbon trading market

By Julia Fioretti BRUSSELS (Reuters) - The European Union is set to make it easier to bring road transport emissions into the carbon trading market, a move that critics say could empower carmakers to push back against more effective curbs on greenhouse gases. EU leaders will attempt to agree on energy policy for 2030 when they meet in Brussels on Thursday and Friday, including an EU-wide cut in greenhouse gas emissions of 40 percent compared with 1990 levels. The EU`s Emissions Trading System (ETS), key to efforts to reduce emissions, has so far excluded road transport. ...

Thursday, October 23, 2014  11:43


Business - German survey props up European shares

By Patrick Graham LONDON (Reuters) - Stock markets in Europe recovered from a poor start on Thursday after a batch of more optimistic than expected surveys of German and euro zone purchasing managers leavened an otherwise shaky mood. Asian markets had drifted lower overnight, unimpressed by a similar survey out of China, which was marginally above forecast but still showed the world`s second largest economy slowing further at the start of the fourth quarter. ...

Thursday, October 23, 2014  10:12


Business - Credit Suisse CEO says sees no material issues in forex probe

ZURICH (Reuters) - Credit Suisse does not see material issues related to the global probe into the $5 trillion-a-day foreign exchange market, the Zurich-based bank`s chief executive said on Thursday. Around 15 authorities around the world, including Switzerland`s, are investigating allegations of collusion and price manipulation in the largely unregulated foreign exchange (FX) market. `(The FX issues) have probably been going for a little over a year now. ...

Thursday, October 23, 2014  09:53


World - Tesco chairman resigns over profits fiasco

London (AFP) - The chairman of Britain`s biggest retailer Tesco will resign after the supermarket group was found to have overstated profits by £263 million ($422 million, 334 million euros), it announced on Thursday.

Thursday, October 23, 2014  07:46


Market - Oil will tumble to $70 says new `bond king`

Star bond investor Jeffrey Gundlach believes oil will plunge to $70 because Saudi Arabia loves `turning the screws` on rival Iran.

Thursday, October 23, 2014  05:57

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