TOKYO, Oct 1- The Japanese government has selected Nomura Securities and JP Morgan among the 11 underwriters for a planned initial public offering of state-owned Japan Post, the finance ministry said on Wednesday. Merrill Lynch and Barclays, which had been shortlisted for the IPO, were not included among those selected.» Read More
LONDON, April 11- Finance minister George Osborne held up Britain's recent strong pace of economic growth as vindication of his austerity programme that came under fire from the International Monetary Fund last year.
TORONTO- Ontario Finance Minister Charles Sousa speaks at the Intercontinental Hotel in Toronto- 1600 GMT. WASHINGTON- German Finance Minister Schaeuble speaks at Center on Foreign Relations in Washington- 1715 GMT. WASHINGTON- 2014 Spring Meetings of the International Monetary Fund and the World Bank Group.
LIMA, April 10- Peru's economic slowdown has bottomed out but more robust growth in coming months will probably not result in an expansion greater than 6 percent this year, the finance minister said on Thursday.
WASHINGTON, April 10- The U.S. Navy hopes to smooth out the impact on Lockheed Martin Corp and Australia's Austal of a budget-driven decision to order three Littoral Combat Ships instead of four in fiscal year 2015, the Navy's top weapons buyer said on Thursday.
SYDNEY, April 11- Japanese shares are set to open sharply lower on Friday after Wall Street took a fresh tumble in what is increasingly looking like a major portfolio shift from equities to bonds, emerging markets and, to a lesser extent, gold.
WASHINGTON, April 10- The Chinese government and central bank should be "very cautious" in implementing any stimulus programs because they tend to be less efficient than natural market forces in boosting growth, a People's Bank of China official said on Thursday.
Alongside central bankers from the United States, Europe, and Brazil, Raghuram Rajan took the stage at a high-profile event here to list his proposals for better monetary cooperation and a global "safety net" that could provide funds for countries in case of economic emergency.
SHANGHAI, April 11- China will ease restrictions on overseas investments and scrap the need for approval for deals below $1 billion starting from May, China's economic planner said in a statement.
WASHINGTON, April 10- The Philippines will eventually have to join a market-opening trans-Pacific trade deal currently under negotiation once its market share, jobs and businesses start to suffer because of it, the country's finance minister said on Thursday.
WASHINGTON, April 10- Kathleen Sebelius, the U.S. health secretary who oversaw the botched rollout of President Barack Obama's signature healthcare reforms, has resigned, a senior administration official said on Thursday. Obama was due to announce the change with Sebelius and Burwell at his side at a White House event at 10:45 ET/ 1445 GMT on Friday.
WASHINGTON, April 10- Kathleen Sebelius, the top U.S. official who oversaw the badly managed rollout of President Barack Obama's signature healthcare reforms, has resigned, a senior administration official said on Thursday.
Developers rushed out patches to fix affected web servers when they disclosed the problem, which affected companies from Amazon.com Inc and Google Inc to Yahoo Inc.. Def Con's network uses an enterprise firewall from McAfee, which is owned by Intel Corp's security division.
April 10- The Chinese government should be "very cautious" in implementing any economic stimulus program because they tend to be less efficient than natural market forces in boosting growth, a vice governor of the People's Bank of China said on Thursday.
WASHINGTON, April 10- Top finance officials from the Group of Seven developed nations said they discussed Ukraine's financing needs and the international response at an informal meeting on Thursday. "This included a discussion of the situation in Ukraine, its financing needs and the international response."
April 10- Shares of auto-lender Ally Financial Inc fell as much as 4.1 percent in their market debut on Thursday, taking the shine off the biggest U.S. initial public offering so far this year as investor appetite for big stock offerings shows signs of waning.
CHINA CENTRAL BANK'S YI GANG SAYS TWO-WAY FLUCTUATION OF RENMINBI CURRENCY "NORMAL".
*VIX, Wall Street's fear index, jumps 15 percent. NEW YORK, April 10- The Nasdaq suffered its biggest drop in two-and-a-half years on Thursday after another sharp selloff in biotech and momentum names, including Gilead Sciences and TripAdvisor, increasing investor anxiety about a broader pullback.
April 10- AlixPartners, a leading business turnaround advisory firm, sued two former managing directors on claims they breached employment contracts and stole trade secrets after they jumped to consulting firm McKinsey& Co..
CHINA'S YI GANG SAYS CHINA GROWTH A LITTLE BIT MORE, A LITTLE BIT LESS THAN 7.5 PERCENT "ACCEPTABLE".
In total, SAC Capital has agreed to pay $1.8 billion to resolve criminal and civil probes into insider trading. SAC Capital also agreed to be placed on probation for five years, and employ a compliance consultant, former federal prosecutor Bart Schwartz.