BANGALORE, Dec 12- China and other East Asian stock markets will surge next year after a lacklustre performance in 2013, driven by attractive valuations and inflows into the region, a Reuters poll showed.» Read More
SHANGHAI/ HONG KONG, July 9- Wang Zhiyong, the founder of a Shanghai- based gift card company, tried twice to get a bank loan for his business and failed both times.
*Crude oil falls after Libya, Iraq announce plans to renew supplies. *Gold, copper rebound as dollar's recent rally pauses. Wheat advanced on demand for U.S. grain exports and concerns about crops in Russia.
July 8- Less than a year after Hurricane Sandy devastated the New Jersey shore, the state's highest court made it easier for cities and towns to avoid paying costly compensation to homeowners whose water views have been blocked by the building of sand dunes.
TORONTO, July 8- Alcoa Inc reported a larger-than-expected profit on Monday on the back of productivity gains across all its units and a strong performance from its engineered products and solutions business.
WASHINGTON, July 8- Amid questions about the future of President Barack Obama's healthcare reform law, the White House has hired a widely respected policy expert from the Clinton administration to help coordinate final implementation of "Obamacare."
*Alcoa gains in extended trade after results. *Tech shares weigh on Nasdaq, Intel at 2-1/ 2 month low. Dell Inc shot up 3.1 percent to $13.44 after the largest U.S. shareholder advisory firm recommended that shareholders vote for Chief Executive Michael Dell's $24.4 billion buyout offer.
LAC-MEGANTIC, Quebec, CHICAGO, July 8- Airbrakes that would have prevented the Quebec train disaster failed because they were powered by an engine that was shut down by firefighters as they dealt with a fire shortly before the calamity occurred, the head of the railway that operated the train said on Monday.
TORONTO, July 8- Alcoa Inc reported a larger second-quarter net loss on Monday, largely due to restructuring costs and a legacy legal matter. The company said its net loss in the quarter ended June 30 was $119 million, or 11 cents per share. Excluding one-time items, the company reported earnings of $76 million, or 7 cents a share.
NEW YORK, July 8- The U.S. dollar edged off three-year highs against major currencies on Monday but looked poised to resume gains after last week's strong U.S. jobs data boosted expectations the Federal Reserve will scale back stimulus soon.
NEW YORK, July 8- U.S. stocks advanced on Monday, heading into the start of earnings season, building on gains sparked by last week's robust employment report and pushing the S&P 500 closer to its all-time high set in May. The Dow Jones industrial average was up 89.47 points, or 0.59 percent, to end unofficially at 15,225.31.
WASHINGTON, July 8- The White House on Monday trimmed its outlook for U.S. economic growth in 2013 and 2014, citing "serious headwinds" from European austerity measures and a slowdown in China, as well as across-the-board budget sequester cuts at home.
NEW DELHI, July 8- India will review a policy that gave preference to locally made electronics goods in government and private sector procurement, the government said on Monday after protests by trade groups representing global companies such as Apple Inc.. The ITI represents 52 companies, including Apple Inc, Microsoft Corp, IBM and Intel Corp..
WASHINGTON, July 8- The euro zone must take coordinated action to revive economic growth, the International Monetary Fund said on Monday in a strongly worded statement that cited the need to repair bank balance sheets, advance a banking union and support demand.
*Wheat up on short-covering, Chinese demand, Russia worries. At the Chicago Board of Trade, September corn futures settled up 7-1/ 2 cents at $5.33- 1/ 4 per bushel. August soybeans ended up 23-1/ 2 cents at $14.55- 1/ 2 a bushel while new-crop November soy ended up 24 cents at $12.52- 1/ 4. CBOT September wheat settled up 3 cents at $6.63 a bushel.
WASHINGTON, July 8- The euro zone must take coordinated action to revive economic growth, the International Monetary Fund said on Monday in a strongly worded statement that cited the need to repair bank balance sheets, advance a banking union and support demand. "Growth remains weak and unemployment is at a record high.
WASHINGTON, July 8- The United States and the European Union began talks on Monday on a landmark bilateral free trade agreement, despite European concerns about U.S. spying that had threatened to delay the start after nearly two years of preparation.
WASHINGTON, July 8- The White House trimmed its outlook for U.S. economic growth in 2013 and 2014 on Monday but also lowered its forecast for unemployment, highlighting the lingering impacts of the recession that has stymied President Barack Obama's economy agenda.
*Wall Street stocks gain, European shares end up 1.4 pct. *Oil pulls back after gains on Egypt. Oil prices declined after rising sharply on unrest in Egypt, which stoked concerns about global supplies.
WASHINGTON, July 8- U.S. consumer credit increased in May by the most in a year, a sign low borrowing costs were boosting economic growth although interest rates have since risen. Total consumer installment credit advanced by $19.6 billion to $2.8 trillion, Federal Reserve data showed on Monday.
July 8- Less than a year after Hurricane Sandy devastated the New Jersey shore, the state's highest court made it easier for cities and towns to avoid paying costly compensation to homeowners whose water views were blocked by the building of sand dunes.