SUDBURY, Ontario, Oct 28- In an office trailer parked outside a mine shaft in northern Ontario, operator Carolyn St-Jean leans back in her chair and monitors a machine loading nickel-rich ore into rail cars deep underground.
GDP growth is slowing in China, but some investors believe large cap stocks with exposure to the country are still safe bets.
OCTOBER 2012- Archer Daniels Midland bids $2.8 billion for Australia's GrainCorp in a deal that could give it a platform to supply Asia. MARCH 2012- Glencore agreed to buy Canada's largest grain handler Viterra in a $6.2 billion deal to provide the world's top commodities trader with a powerful position in both the Canadian and Australian markets.
LONDON, Oct 28- A global race for grain trading power is putting more of the world's vital cereals in the hands of fewer companies, with a string of recent acquisitions raising fears that consumers will pay even more for their food, while farmers are squeezed.
Premier Wen Jiabao’s family members have threatened possible legal action over a media report which claimed they amassed vast riches as his power grew in the Chinese political system, according to Hong Kong media. The FT reports.
BEIJING-- A Hong Kong newspaper says Chinese Premier Wen Jiabao's family has denied a report that it has amassed assets worth $2.7 billion. The New York Times reported Friday that most of the wealth was accumulated after Wen rose to high office in 2002.. The New York Times has said it stands by its story.
China’s citizens won’t know for sure who will make up their top group of leaders until those people walk on to the stage at the Great Hall of the People in Beijing on or around November 15. The FT reports.
MILWAUKEE-- Auto parts maker Johnson Controls is stepping away from its position as the debtor-in-possession lender during the bankruptcy process for battery maker A123 Systems in order to prevent delays.
LONDON, Oct 26- Lakhdar Brahimi's holiday truce may have saved Syrian lives on Friday, as government troops and rebels drew breath on several fronts- though dozens still shed blood on Eid al-Adha, the Muslim Feast of Sacrifice.
NEW YORK, Oct 26- Shares on major markets ended little changed on Friday as weak corporate earnings offset better U.S. economic data, though investors remained concerned about slowing global growth.
WASHINGTON, Oct 26- U.S. economic growth accelerated in the third quarter as a last minute spurt in consumer spending and a surprise turnaround in government outlays offset the first cutback in business investment in more than a year.
NEW YORK, Oct 26- Wireless service provider Clearwire Corp said on Friday it will use equipment from China's Huawei in a high-speed network upgrade it starts in 2013, with the blessing of the U.S. government. Sprint, which is being taken over by Softbank Corp, plans to use the Clearwire high-speed network to boost its capacity for its own service.
PITTSBURGH-- United States Steel Corp.' s third-quarter results Tuesday should shed some light on the appetite for steel in the sluggish global economy. WHAT TO WATCH FOR: The Pittsburgh manufacturer warned investors in late July that slower global growth could be a drag on third-quarter results.
Mad Money host and former hedge fund manager, Jim Cramer, provides stock traders with all manner of investing advice.
WASHINGTON, Oct 26- U.S. economic growth accelerated in the third quarter a s stepped-up purchases by consumers an d a surprise turnaround in government sp ending of f set the first cutback in business investment in more than a year.
Voters who are still undecided about the presidential election aren't likely to be swayed by Friday's mixed report from the Commerce Department. "For the average American, I don't think changes in quarterly GDP" make a big difference in their perception of the economy, said Andrew Kohut, president of the Pew Research Center. "
Oct 26- Bankrupt battery maker A123 Systems Inc. plans to ask for court approval for a loan from auto parts maker Wanxiang Group Corp, which could give the Chinese company an advantage over a U.S. rival in a takeover battle for A123. A123, which filed for bankruptcy earlier this month, has an interim bankruptcy loan with Johnson Controls.
WASHINGTON-- It's halftime for the season of corporate earnings reports, and investors are in desperate need of a locker-room pep talk.
*Announcements made two weeks before Communist Party congress. BEIJING, Oct 26- China moved quickly on Friday to announce it had formally begun a criminal probe into disgraced former senior politician Bo Xilai, hours after expelling him from the largely rubber stamp parliament and so removing his immunity from prosecution.
Oct 26- Interpublic Group of Cos, home to advertising agencies McCann Erickson and Draftfcb, missed revenue estimates for the second quarter in a row, with the company warning that growth will slow further this year as clients hold back on spending. Interpublic shares fell 5 percent in late morning trade to $10.04 on the New York Stock Exchange.