BUSAN, South Korea (Reuters) - The world's top nations will back general principles rather than a specific tax to make banks pay for their own bailouts in future, finance ministers and diplomats said on Thursday.
HONG KONG (Reuters) - Asian stocks rose for the first time in three days on Thursday as U.S. housing data fueled optimism about the world's largest economy, while the yen was pressured by expectations that Japan's new political leaders will favor a weaker currency.
SYDNEY (Reuters) - Global miner Xstrata threatened on Thursday to scrap $5.4 billion in coal and copper projects in Australia, blaming Canberra's new mining tax and bringing to more than $20 billion the value of shelved new developments.
PALOS VERDES (Reuters) - Facebook Chief Executive Mark Zuckerberg said he has no date in mind to take the Internet social networking company public, and defended changes to the service that have provoked privacy concerns.
DETROIT (Reuters) - Major automakers recorded double-digit U.S. sales gains in May from depressed year-earlier levels as industry-wide sales ticked up for a seventh consecutive month with a boost from orders by rental agencies.
NEW YORK (Reuters) - Some former officials at Moody's said they felt intimidation from bosses to assign rosy ratings to risky debt products, according to testimony to a government panel probing the causes of the financial crisis.
WASHINGTON (Reuters) - Group of 20 nations must agree to put public finances back on a sustainable path but in a way that doesn't choke off global recovery, Treasury Secretary Timothy Geithner said on Wednesday.
WASHINGTON (Reuters) - Some veteran traders slammed the deep fragmentation and high trading speeds that dominate U.S. equity markets on Wednesday, with one saying that buy and sell orders are regularly "gamed,"
WASHINGTON (Reuters) - Pending sales of previously owned homes rose more than expected in April, scaling a six-month high as prospective home owners took advantage of a popular homebuyer tax credit, a survey showed on Wednesday.
(Reuters) - Stock index futures pointed to a higher open on Wall Street on Wednesday following the previous session's steep losses, with futures for the S&P 500 up 0.35 percent, Dow Jones futures up 0.37 percent and Nasdaq 100 futures up 0.44 percent at 0800 GMT.
DETROIT (Reuters) - Ford Motor Co is set to announce on Wednesday plans to eliminate its Mercury brand, whose sales and investment have plunged in recent years, a source briefed on the matter said.
NEW YORK (Reuters) - U.S. banks are slowly working their way through a mountain of non-performing loans from the credit crisis, but dangers still abound, two credit rating agencies said on Wednesday.
WASHINGTON (Reuters) - If you're losing sleep over the stock market, you're not alone. Volatility has gone through the roof, while prices have gone the other way.
DETROIT (Reuters) - Ford Motor Co said on Wednesday its U.S. sales rose 22 percent in May for all of its brands from a year earlier and increased its second-quarter North American production plan by 15,000 vehicles.
VENICE, Louisiana (Reuters) - BP Plc forged ahead with its latest effort to curb the flow of oil spewing into the Gulf of Mexico as the British energy giant's shares fell anew on Wednesday and the U.S. government launched criminal and civil probes into the disaster.
FAYETTEVILLE, Arkansas (Reuters) - Wal-Mart Stores Co international employees have been given their marching orders from the company's chief executive: Grow, grow, grow!
NEW YORK (Reuters) - AT&T Inc plans to stop offering an unlimited pricing plan for new subscribers to its mobile data services, a move that it says will cut prices for as many as 98 percent of its customers.
ZURICH (Reuters) - A key Swiss parliamentary committee recommended on Wednesday parliament back a Swiss-U.S. deal to end a tax row over bank UBS , increasing the chances the deal will get through.
SAO PAULO (Reuters) - Brazilian steelmaker Gerdau SA said on Wednesday it plans to take full ownership of its North American unit in a deal valued at up to $1.7 billion as it seeks to cut debt servicing costs.
NEW YORK (Reuters) - Former Moody's analysts say they felt pressure from bosses obsessed with market share to assign rosy ratings to risky debt products, while the company's current chief executive defended the rating agency's business model, according to testimony released on Wednesday.
HONG KONG (Reuters) - UK insurer Prudential Plc is pulling out of its bold $35.5 billion takeover of AIG's Asian life insurance arm, ending a 3-month battle with shareholders who had argued the deal was over-priced.
NEW YORK (Reuters) - The number of planned layoffs at U.S. companies in May was almost unchanged from April, when they touched a four-year low, suggesting employers are more upbeat about the economic outlook, a report on Wednesday showed.
DUBLIN (Reuters) - Ireland expects to provide more capital to nationalized Anglo Irish Bank this year on top of the 4 billion euros ($4.86 billion) paid in 2009 and 10.3 billion so far this year, Prime Minister Brian Cowen said.
FOSHAN, China (Reuters) - Honda Motor said a key car parts factory in south China resumed full production on Wednesday, ending more than two weeks of disruption after workers downed tools to demand higher wages in a high-profile and sometimes violent strike.
HONG KONG/SHANGHAI (Reuters) - Agricultural Bank of China may struggle to get the kind of valuation it wants as it gears up to launch the world's biggest IPO into a market that has slumped by a fifth in just six weeks.
SINGAPORE (Reuters) - Asian stocks followed Wall Street down on Wednesday as jitters over the euro zone's debt crisis prompted investors to keep cutting riskier positions, while the euro steadied after hitting a four-year low.
TOKYO/BRASILIA (Reuters) - Some of the world's richest central banks will not stop investing in the euro, supporting its reserve status, despite the sovereign debt crisis hammering the euro zone's currency, government sources said.
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