Equity index provider MSCI on Tuesday lowered Greece to emerging market from developed market status, citing failure to qualify on several criteria for market accessibility.» Read More
Spanish officials tell a dramatic turnaround story: from near-bankruptcy a year ago to model of budget austerity and reform now.There are just two things missing: jobs and growth.
*U.S. oil boom leaves OPEC sidelined from demand growth. LONDON, May 27- Oil traders should not lose too much sleep worrying about what OPEC, often unpredictable and quarrelsome in the past, will do when it meets next week.
BEIRUT, May 26- Two rockets hit a Shi'ite Muslim district of Beirut on Sunday, driving home the risk of spillover from Syria's civil war, after the head of Lebanese Shi'ite militant Hezbollah said it would keep fighting on the Syrian government's side until victory.
MADRID, May 24- Spanish officials tell a dramatic turnaround story: from near-bankruptcy a year ago to model of budget austerity and reform now. "Spain's adjustment is a work in progress," says Fernando Fernandez, Professor of Economics at the Instituto de Empresas business school. "
HONG KONG, May 23- Hong Kong shares could start weaker on Thursday, tracking Wall Street losses and ahead of the HSBC China flash purchasing managers' index for May that could offer fresh clues on the world's second-largest economy. Elsewhere in Asia, Japan's Nikkei was up 1.6 percent, while South Korea's KOSPI was down 0.7 percent at 0050 GMT.
*Turkmenistan, EU tout routes to ease dependence on Russia. PARIS/ ASHGABAT, May 22- Turkmenistan plans to begin production at Galkynysh, the world's second-largest gas field, by June 30, which will allow it boost exports to Asia and help Europe lessen its dependence on Russian gas.
*Cairo needs to cut spending but austerity risks more social unrest. *Analysts urge Cairo to move quickly to secure IMF loan. AL-SAFF, Egypt, May 22- Hundreds of soot-stained factory chimneys dot the horizon in the industrial city of al-Saff, south of Cairo, but only a few spew black smoke.
*Follows Commission consultations with member states. BRUSSELS, May 21- The European Union wants to exempt state control of utilities and support for creative industries from free trade talks with the United States due to start next month, the latest draft of Brussels' negotiating mandate showed on Tuesday.
"The dollar's move has been pretty strong lately, maybe you're seeing a little more profit taking," said Gene McGillian, an analyst with Tradition Energy in Stamford, Connecticut. MSCI's all-country world equity index rose 0.51 percent to its highest since June 2008.
The new fund will be run by Qatar Holding, Qatar Petroleum International and Qatar Electricity and Water Company, a bourse filing from QEWC said on Monday. The new company, to be called Nebras Power and will be 60 percent owned by QEWC, with 20 percent held by QPI and 20 percent by Qatar Holding, a separate statement issued later on Monday said.
With a talking-point imbroglio after Benghazi, the IRS's discriminatory practices and the Justice Department's procurement of Associated Press phone records, the Obama administration and its allies are right to be worried. The past few years have proved that dysfunction in Washington has almost no effect on America's attractiveness to investors.
LONDON/ ZUG, Switzerland, May 16- A shareholder coup at newly merged commodities group Glencore Xstrata ousted its chairman and all former Xstrata directors on Thursday, replacing him with former BP boss Tony Hayward, excoriated for his role in the Gulf of Mexico oil spill.
LONDON/ ZUG, Switzerland, May 16- A shareholder coup at newly merged commodities group Glencore Xstrata ousted chairman Sir John Bond on Thursday, along with all other former directors from Xstrata, replacing him with former BP boss Tony Hayward.
SINGAPORE, May 16- Singapore Airlines Ltd reported weaker-than-expected full-year results and warned of a deteriorating environment as it struggles to cope with the rapid emergence of Gulf carriers and low cost Asian rivals.
Inbound M&A into India totals $9.86 billion this year, the highest in Asia, Thomson Reuters data shows, pointing to growing confidence among overseas firms in the potential of a 1.2 billion-strong consumer market. "India as a country is under-consumed. In 2012, foreign direct investment into India dipped about 7 percent to $29.3 billion.
NEW YORK, May 15- Qatar Airways' top executive said the Middle Eastern carrier wants to be a launch customer for Boeing Co's forthcoming 777 X mini-jumbo jet, and that the airline plans to open at least three new routes to the United States in the next 12 to 18 months. "
NEW YORK, May 15- Qatar Airways' top executive said the Middle-Eastern carrier wants to be a launch customer for Boeing Co's forthcoming 777 X mini-jumbo jet, and that the airline plans to open at least three new routes to the U.S. in the next 12 to 18 months. "
BRASILIA, May 10- Brazil campaigned hard to get the top job at the World Trade Organization this week but behind closed doors even it acknowledges that the WTO's main mission- pushing forward in global trade talks- looks for the moment like a lost cause.
FRANKFURT, May 10- Planned European levies on Chinese solar panels will only go some way to halt a rout among equipment makers who face the paradox of a booming market but falling revenues- and could suffer even more if a trade war erupts.
TORONTO, May 8- Tim Hortons Inc named a long-time Nestle executive as its new chief on Wednesday, a job that will be no easy task given drooping demand at the Canadian coffee and doughnut chain and a push by a U.S. hedge fund for better returns.