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Top News & Analysis United States

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  • World stocks stall amid global growth warnings Tuesday, 9 Oct 2012 | 5:12 AM ET

    A day before, the World Bank issued a warning about a slackening expansion in Asia. Britain's FTSE 100 fell more than 0.2 percent to 5,827.72. The picture was not as bleak in Asia, where stock market performance was mixed.

  • By Emma Thomasson ZURICH, Oct 9- Swiss private bank Julius Baer. Baer said it planned a "significant reduction" of Bank of America positions not required after the merger as well as cuts to middle and back office functions of the melded group, reducing the combined staff of about 5,700 by 15-18 percent.

  • World Chefs: Phan shares food, journey from Vietnam Tuesday, 9 Oct 2012 | 5:00 AM ET

    NEW YORK, Oct 9- Vietnamese-born chef Charles Phan shares his passion for his homeland and tips about how to cook its delicious food in his first cookbook, "Vietnamese Home Cooking". Phan and his family fled to Guam from Vietnam in 1975 before settling in San Francisco a couple of years later. runs six other eateries in San Francisco.

  • SINGAPORE, Oct 9- Singapore may avoid a technical recession when it reports third quarter GDP as second-quarter numbers are likely to be revised upwards, Prime Minister Lee Hsien Loong said on Tuesday, according to local media reports.

  • Russian assets tread water as oil rally falters Tuesday, 9 Oct 2012 | 4:47 AM ET

    MOSCOW, Oct 9- Russian stocks were flat on Tuesday morning, hampered by a faltering rally in oil prices and telecoms stocks showing little reaction to a $2 billion IPO announcement by mobile operator Megafon.

  • BEIJING, Oct 9- China's annual economic growth probably slowed for a seventh straight quarter in the July-September period to the weakest level since the depths of the global financial crisis, a Reuters poll showed, reinforcing the case for further policy stimulus.

  • By Emma Thomasson ZURICH, Oct 9- Swiss private bank Julius Baer. Baer said it planned a "significant reduction" of Bank of America positions not required after the merger as well as cuts to middle and back office functions of the melded group, reducing the combined staff of about 5,700 by 15-18 percent.

  • BEIJING/ HONG KONG, Oct 9- China's leading telecom equipment makers accused in a U.S. congressional report of being a potential security risk may face fresh scrutiny in other markets, while American firms operating in China could be vulnerable to retaliation.

  • *Deal aimed at paying down some of Bumi's $3.9 bln debt. *Bankers pitching to separate Bumi Plc and Bakries-sources* Bumi Plc board set to meet Oct 11 in Singapore.

  • Ukraine media feel the squeeze ahead of election Tuesday, 9 Oct 2012 | 4:14 AM ET

    KIEV, Oct 9- For Natalia Sokolenko, an award-winning Ukrainian TV reporter, the last straw was when she was taken off covering the national political scene and demoted to reporting road accidents for the commercial news station where she had worked for 10 years.

  • STOCKS NEWS EUROPE-EuropaCorp boosted by 'Taken 2' Tuesday, 9 Oct 2012 | 4:05 AM ET

    Shares in French movie studio EuropaCorp surge 13 percent after Liam Neeson thriller "Taken 2", which it co-produced, captures the No. 1 spot on movie box office charts over the weekend.

  • Oct 9- China's leading telecom equipment makers accused in a U.S. congressional report of being a potential security risk may face fresh scrutiny in other markets, while American firms operating in China could be vulnerable to retaliation.

  • U.S. says Kazakh verdict silences opposition Tuesday, 9 Oct 2012 | 3:41 AM ET

    *Kazakhstan says trial of Vladimir Kozlov fair and open By Robin Paxton. ALMATY, Oct 9- The United States on Tuesday accused Kazakhstan of using its justice system to "silence opposition voices" after a prominent critic of President Nursultan Nazarbayev was jailed for inciting violence.

  • Officials hope 'winter-blend' gas will drop prices Tuesday, 9 Oct 2012 | 3:35 AM ET

    SAN FRANCISCO-- State leaders _ and drivers _ hope to see gasoline prices drop soon, now that California officials have approved the release of "winter-blend" fuel that is expected to help bolster the state's supplies. Jerry Brown ordered it to allow so-called "winter-blend" gasoline to be sold in California earlier than usual to increase supply.

  • Plan for damaged nuke plant may need long review Tuesday, 9 Oct 2012 | 3:20 AM ET

    SAN JUAN CAPISTRANO, Calif.-- Federal regulators have disclosed that the proposed restart of the long-shuttered San Onofre nuclear power plant on California's coast could require an amendment to the plant's operating license, leading to an exhaustive review that could last months or even years.

  • *Investors say order book of A $2 bln. By Cecile Lefort SYDNEY, Oct 9- Global mining giant BHP Billiton. They are rated AA-, which is higher than BHP's A+/ Stable/A-1 by Standard& Poor's and A1/Stable/P-1 Moody's.

  • Turkish President Abdullah Gul said on Monday that the worst case scenarios between his country and Syria are now playing out, fuelling concerns that the 18- month old conflict in Syria may spread to other countries in the region.

  • ISLAMABAD Oct 9- A brain-eating amoeba has killed at least 10 people in Pakistan's most populous city since May, a World Health Organization official said on Tuesday. The 10 confirmed cases have all occurred in the southern port city of Karachi, said Dr Musa Khan, head of the WHO's Disease Early Warning System in Pakistan.

  • PRESS DIGEST-New York Times business news - Oct 9 Tuesday, 9 Oct 2012 | 2:08 AM ET

    *The International Monetary Fund is cutting its global economic forecasts yet again, calling the risks of a slowdown "alarmingly high", primarily because of policy uncertainty in the United States and Europe.

  • *Seoul cites market stability, increased soundness. TOKYO/ SEOUL, Oct 9- Japan and South Korea will not renew a $57 billion currency swap facility designed to protect their economies against financial crisis, a decision they said was not related to a territorial dispute that has cast a chill over ties between the neighbours.