×

Top News & Analysis United States

  • AMSTERDAM-- World stock markets mostly declined Tuesday against a backdrop of worries about global economic growth and Europe's debt crisis. Meanwhile, comments by the International Monetary Fund on the global economy "provide a gloomy backdrop" for the day, said Monument Securities analyst Marc Ostwald.

  • CHICAGO, Oct 9- Narayana Kocherlakota surprised economists around the world last month when he called on the U.S. central bank to hold interest rates near zero, possibly for several years to come.

  • *Alcoa to start earnings season after the close. *The IMF warnings comes on the heels of a growth forecast cut for East Asia by the World Bank on concerns China's slowdown could last longer than expected.

  • Several sources briefed on the negotiations said France and Britain had narrowed differences over the wording of key guarantees on state shareholdings, raising the prospect that the companies will buy more time to complete the complex deal.

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

  • NEW DELHI, Oct 9- U.S. Treasury Secretary Timothy Geithner said on Tuesday he was "relatively confident" that Washington can manage its fiscal challenges.

  • NEW YORK-- Alcoa Inc. may set the stage for what's expected to be a disappointing earnings season when it reports third-quarter results Tuesday after the markets close. Alcoa's net income equaled 15 cents a share in the third quarter of 2011.. Alcoa faces challenges from a slowdown in global manufacturing.

  • *Amazon's Epix deal includes pay-for-performance provision* Amazon pays more than Netflix on per-sub basis-execs* Amazon spends $1 bln/ yr on streaming video content-analyst By Alistair Barr.

  • Oct 9- Silicon Valley-based Workday Inc, which provides cloud-based human resource software, raised the expected price range of its IPO to $24- $26 per share from $21- $24 per share. Pleasanton, California- based Workday was co-founded by ex-PeopleSoft executives David Duffield and Aneel Bhusri, who left PeopleSoft following its acquisition by Oracle Corp.

  • NEW DELHI, Oct 9- The U.S economy is now growing close to its potential, U.S Treasury Secretary Timothy Geithner said on Tuesday. Geithner also said during a visit to New Delhi that economic reforms in Europe "could take years and years to bear fruit". "We are very worried about risk of collapse in Europe...

  • HOFFMAN ESTATES, Ill.-- Sears anticipates that it will receive about $346.5 million in gross proceeds from a rights offering related to the spinoff of its Hometown and Outlet stores. Sears Holdings Corp. had signaled in February that it would split off the companies as a separate publicly traded entity.

  • Regulatory uncertainty and policy gridlock have battered foreign corporate investment towards India over the past year, adding to dramatic slowdown in growth.

  • Most of the net buying has focused on non-euro countries UK and Sweden while investors were small net buyers of Italy in September, the analysts write. However Spain, which saw its main stock index rally strongly over the summer, has continued to see net selling.

  • LONDON, Oct 9- Slovenia has hired BNP Paribas, Deutsche Bank and JP Morgan to arrange investor meetings in the United States ahead of a critical dollar bond issue, according to banking sources.

  • *Trade balance f'cast $20.7 bln vs Aug $26.7 bln. Analysts say shrinking global demand as the debt crisis festers in Europe- the single biggest overseas market for Chinese goods- and a slower-than-expected recovery in the U.S. economy would continue to be a major drag on China's export growth at least for the rest of the year.

  • LONDON, Oct 9- Emerging stocks were little changed on Tuesday as hopes that China's markets could be opened up further to offshore investors counterbalanced growth warnings from the International Monetary Fund.

  • DHAKA, Oct 9- Bangladesh's exports rose in September for the third month in a row thanks to improving garment orders, official data showed on Tuesday. Total exports for July-September, the first quarter of Bangladesh's financial year, were up 2.1 percent to $6.29 billion.

  • Since the Sept. 25 recall of three lots of a steroid produced by a Massachusetts company, the outbreak has spread to nine states and 105 patients, with eight people killed, the Centers for Disease Control said.

  • *Trade balance f'cast $20.7 bln vs Aug $26.7 bln. Analysts say shrinking global demand as the debt crisis festers in Europe- the single biggest overseas market for Chinese goods- and a slower-than-expected recovery in the U.S. economy would continue to be a major drag on China's export growth at least for the rest of the year.

  • *Oil jumps on supply concerns as Middle East tension mounts* Uncertainty over Spain and Greece pressures euro By Richard Hubbard. LONDON, Oct 9- A stark warning from the IMF about the global growth outlook and the prospects for Spain and Greece sent European stocks and the single currency lower on Tuesday, while oil rose on escalating tensions in the Middle East.