Manish Singh, strategist and head of investments at Crossbridge Capital, expects the Chinese currency to rise in strength and challenge the dollar in the long term.» Read More
PROVIDENCE, R.I.-- A technology executive for the Boston Globe and New York Times Co. has been named Rhode Island's first chief digital officer. Lincoln Chafee on Wednesday announced that Thom Guertin will start Oct. 22.
ISLAND ISOLATION: Jamaica's port authority and Royal Caribbean Cruises Ltd. pitched the port of Falmouth as a place where passengers would dive into the historic city for "a wraparound experience not unlike Colonial Williamsburg." But their dollars have been kept at a distance.
NEW YORK-- Robert Caro, Junot Diaz and the late Anthony Shadid were among the finalists announced Wednesday for the National Book Awards. Other nominees included the novelists Dave Eggers and Louise Erdrich and nonfiction writers Anne Applebaum and Katherine Boo.
White is the most popular color for the second year in a row after overtaking silver in 2011. The annual rankings are compiled by automotive paint supplier PPG Industries Inc., a Pittsburgh- based company that provides paints to General Motors Co., Ford Motor Co., BMW AG and others. By comparison, 19 percent of midsize cars made in North America are white.
Europe is gripped by a debt crisis and stalled growth. A budget standoff in the United States is set to trigger tax increases and spending cuts and perhaps a recession. And it's warning that even its dimmer outlook might prove too optimistic if Europe and the United States fail to resolve their crises.
Pittsburgh- based Legend Financial Advisors has an average of a dozen interns at any given time, and half of its 23- person full-time staff are alums of the internship program. "It takes about four interns to equal the pay of a regular employee," said Stanasolovich, who pays interns between $8.50 and $12.50 an hour, plus performance and other bonuses.
Tax exemption for munis is under threat as Congress considers narrowing the U.S. budget deficit with spending cuts and new sources of revenue for the federal government. It also includes a local Tennessee official, the executive director of the National Association of Local Housing Finance Agencies and others.
India's benchmark 10- year bond yield. India's benchmark 5- year OIS rate flat at 6.96 percent. India's one-day cash rate at 8.05-8.10 percent versus its previous close of 8.00/ 8.05 as demand was largely stable in the first week of the two-week reporting cycle.
Oct 9- Peter Muller, the founder of Morgan Stanley's proprietary trading unit that is being spun off this year as a stand-alone hedge fund, has raised more than $500 million from Blackstone Group LP, Bloomberg reported.
John Mica, R- Fla., chairman of the House Transportation and Infrastructure Committee, has accused Amtrak of "Soviet-style" inefficiency and held several hearings devoted to criticism of the railroad.
NAGOYA, Oct 10- Boeing Co is on course to achieve a difficult production target for its fuel-efficient 787 Dreamliner jets, an executive said on Wednesday, after the company fell behind its initial delivery schedule due to development delays. Boeing now makes three and a half of the new carbon-composite jets a month.
*NATO says plans in place to defend Turkey from Syria. SINGAPORE, Oct 10- Brent crude slipped below $114 on Wednesday after a 2 percent jump the previous day, with a cloudy economic outlook offsetting fears about disruptions to Middle East oil supply as a conflict between Turkey and Syria escalated.
*Asian shares fell on Wednesday, led by losses in technology and materials stocks after brokerage downgrades for top chip maker Intel Corp. *Oil prices jumped on Tuesday, snapping two sessions of losses, as escalating turmoil on the border of Turkey and Syria heightened concerns of a supply disruption in a tense Middle East.
MANILA, Oct 10- The Philippines is unlikely to hit its export growth target of 10 percent this year, with growth seen only reaching up to 7 percent due to slowing demand from its traditional markets, the trade secretary said on Wednesday.
*About $10 bln in renewables investment in Australia. *Australia renewable targets under review.
PARIS, Oct 10- EADS and BAE Systems. The European companies have until 1600 GMT later on Wednesday to declare their intentions and either scrap their merger or ask UK regulators for more time or finalize their plans to create the world's largest aerospace and arms group.
*July net inflow $108 mln vs June's $73 mln. MANILA, Oct 10- The Philippine central bank released on Wednesday preliminary data on net foreign direct investments in July: July Jun May Apr Mar Feb Jan Net FDI 108 73 7 -13 14 58 778 KEY POINTS:.
*Looming risk to safe-haven flows to U.S., Japan. TOKYO, Oct 10- The International Monetary Fund urged European policymakers to deepen the financial and fiscal ties within the euro area with some urgency to restore sagging confidence in the global financial system.
*Samsung Electronics sags despite TV music deal. SEOUL, Oct 10- Seoul shares fell on Wednesday morning continuing a losing week, weighed by concerns about U.S. corporate earnings.