* U.S. stocks and commodities sell off, rekindling familiar fears that market is leading indicator.
* Crude futures follow stocks lower as tumbling stocks pressure futures to a more than 2% fall, Gold slides about 1.5%
* Japan’s 3.7 percent economic expansion last quarter ended the country’s worst postwar recession.
*German investor confidence probably rose to the highest level in more than three years in August after Europe’s largest economy unexpectedly emerged from recession in the second quarter, a survey of economists shows.
* This Economic Recovery Is On Such Shaky Ground
Showing posts with label Markets Daily. Show all posts
Showing posts with label Markets Daily. Show all posts
News Today - Aug 14
* A good lead from the U.S. and rising commodities prices help extend Asian stock gains, while official comments boost Australian shares.
* Sales at U.S. retailers unexpectedly fell in July, raising the risk that consumers will keep cutting back as job losses mount and temper a recovery from the worst recession since the 1930s.
* Hong Kong probably emerged from its worst recession since at least 1990 in the second quarter as a recovery in mainland China bolstered exports
* Billionaire Li Ka-shing, who predicted China’s stock-market bubble would burst in 2007, said the global economy won’t recover this year and told investors to be “cautious” about buying shares, especially with borrowed money.
* Dollar Will Rise and Punish Stocks: Marc Faber
* Six of world's top 10 economies out of crisis
* Drought almost certain now, admits Indian Met dept
* Sales at U.S. retailers unexpectedly fell in July, raising the risk that consumers will keep cutting back as job losses mount and temper a recovery from the worst recession since the 1930s.
* Hong Kong probably emerged from its worst recession since at least 1990 in the second quarter as a recovery in mainland China bolstered exports
* Billionaire Li Ka-shing, who predicted China’s stock-market bubble would burst in 2007, said the global economy won’t recover this year and told investors to be “cautious” about buying shares, especially with borrowed money.
* Dollar Will Rise and Punish Stocks: Marc Faber
* Six of world's top 10 economies out of crisis
* Drought almost certain now, admits Indian Met dept
News Today - Aug 13
* Fed-inspired rally in U.S. gives a bounce to regional markets, with Japanese exporters up, but Telstra down in Sydney after results.
* We haven't seen the last of the crisis despite all talk about green shoots, and the surge in markets was caused by nothing more than the excess liquidity coming from central banks, Marc Faber, author of the Gloom, Boom and Doom Report, told CNBC Friday. Full story
* Fed Extends Bond Purchases But Not the Amount, Read the Fed's Statement
* Shanghai markets extend losses after stocks fell 4.7% in yesterdays trade
* NHPC's IPO subscribed over 23 times
* Swine flu death toll hits 18 in india
* We haven't seen the last of the crisis despite all talk about green shoots, and the surge in markets was caused by nothing more than the excess liquidity coming from central banks, Marc Faber, author of the Gloom, Boom and Doom Report, told CNBC Friday. Full story
* Fed Extends Bond Purchases But Not the Amount, Read the Fed's Statement
* Shanghai markets extend losses after stocks fell 4.7% in yesterdays trade
* NHPC's IPO subscribed over 23 times
* Swine flu death toll hits 18 in india
News Today - Aug 12
* A drop on Wall Street ahead of the Fed decision spreads across the ocean to Asia, with most major asian markets lower in early action.
* Japan’s economy grew last quarter for the first time in more than a year as rebounds in exports and consumer spending helped the country climb out of its worst postwar recession, the government is expected to say next week.
* India’s 7 percent economic growth target may be jeopardized as the weakest monsoon rains in five years threaten harvests, according to economists.
* Wholesale prices in Japan fall a record 8.5% in July from the year-earlier period, though the heavy drop still manages to beat forecasts.
* China's imports of oil and iron ore hit a record high in July, customs data showed Tuesday, as the nation's $586 billion stimulus plan continues to push up demand for commodities.
* Japan’s economy grew last quarter for the first time in more than a year as rebounds in exports and consumer spending helped the country climb out of its worst postwar recession, the government is expected to say next week.
* India’s 7 percent economic growth target may be jeopardized as the weakest monsoon rains in five years threaten harvests, according to economists.
* Wholesale prices in Japan fall a record 8.5% in July from the year-earlier period, though the heavy drop still manages to beat forecasts.
* China's imports of oil and iron ore hit a record high in July, customs data showed Tuesday, as the nation's $586 billion stimulus plan continues to push up demand for commodities.
News Today - Aug 11
* The Bank of Japan unanimously votes to leave its policy interest rate and cautiously optimistic outlook unchanged, but offers anxious note over deflation.
* China reported below-forecast growth in factory output and investment on Tuesday, underlining why senior officials keep reminding markets that recovery in the world's third-largest economy is not yet on solid ground.
* China’s exports fell for a ninth month on weak global demand, reinforcing the government’s case for sticking with a “moderately loose” monetary policy to fuel domestic growth.
* Singapore’s economy expanded more than initially estimated last quarter as manufacturing and services improved, reinforcing the nation’s emergence from its worst recession since independence 44 years ago.
* CMIE revises india's GDP growth to 5.8%
*Swine flu scare spreading fast in India
* China reported below-forecast growth in factory output and investment on Tuesday, underlining why senior officials keep reminding markets that recovery in the world's third-largest economy is not yet on solid ground.
* China’s exports fell for a ninth month on weak global demand, reinforcing the government’s case for sticking with a “moderately loose” monetary policy to fuel domestic growth.
* Singapore’s economy expanded more than initially estimated last quarter as manufacturing and services improved, reinforcing the nation’s emergence from its worst recession since independence 44 years ago.
* CMIE revises india's GDP growth to 5.8%
*
News Today - Aug 10
* Japanese machinery orders rose for the first time in four months in June and the current-account surplus widened, the latest signs that the nation’s worst postwar recession is easing.
* China Investment Corp., the mainland’s sovereign wealth fund, reveals in its first-ever annual report that its global investment portfolio suffered a loss of 2.1%
* The U.S. economy may be on the cusp of a recovery and the impact of the nation’s stimulus plan should increase this quarter, said Laura Tyson, an adviser to President Barack Obama.
* Indonesia’s economy probably grew at close to the fastest pace in Southeast Asia as higher commodity prices boosted rural incomes and a strife-free presidential election buoyed consumer spending and investment.
* 33% Indians likely to get H1N1: Azad
* China Investment Corp., the mainland’s sovereign wealth fund, reveals in its first-ever annual report that its global investment portfolio suffered a loss of 2.1%
* The U.S. economy may be on the cusp of a recovery and the impact of the nation’s stimulus plan should increase this quarter, said Laura Tyson, an adviser to President Barack Obama.
* Indonesia’s economy probably grew at close to the fastest pace in Southeast Asia as higher commodity prices boosted rural incomes and a strife-free presidential election buoyed consumer spending and investment.
* 33% Indians likely to get H1N1: Azad
News Today - Aug 07
* Bank of England Governor Mervyn King is betting that he can keep pumping money into the economy without an outbreak of inflation once growth returns.
* Central Bank President Jean- Claude Trichet indicated the economy may recover sooner than previously anticipated and signaled the bank is unlikely to provide any further stimulus.
* Economists at Goldman Sachs Group Inc. and Deutsche Bank Securities Inc. changed their July employment forecasts to predict a smaller drop in payrolls.
* The number of Americans filing claims for jobless benefits fell more than economists predicted, a sign some employers have stopped paring staff as the recession eases.
* Mortgage rates in the U.S. fell for the first time in three weeks, boosting the potential for further stabilization in the housing market.
* The U.S. Senate approved and sent to the White House on Thursday a $2 billion extension of the "cash for clunkers" autos sales incentive program.
* US Unemployment seen hitting 26-year high of 9.7% .
* Central Bank President Jean- Claude Trichet indicated the economy may recover sooner than previously anticipated and signaled the bank is unlikely to provide any further stimulus.
* Economists at Goldman Sachs Group Inc. and Deutsche Bank Securities Inc. changed their July employment forecasts to predict a smaller drop in payrolls.
* The number of Americans filing claims for jobless benefits fell more than economists predicted, a sign some employers have stopped paring staff as the recession eases.
* Mortgage rates in the U.S. fell for the first time in three weeks, boosting the potential for further stabilization in the housing market.
* The U.S. Senate approved and sent to the White House on Thursday a $2 billion extension of the "cash for clunkers" autos sales incentive program.
* US Unemployment seen hitting 26-year high of 9.7% .
News Today - Aug 05
* Household Incomes in U.S. Weaken, Threatening Consumer Spending Recovery Household income in the U.S. is weakening as the influence of the government’s stimulus plan fades, prompting economists, Federal Reserve officials and a Nobel laureate to warn that consumer spending may stumble.
* Pending Sales of Existing Homes in U.S. Surge 3.6%, More Than Estimated The number of contracts to buy previously owned homes in the U.S. rose in June for a fifth straight month and exceeded economists’ forecasts, as lower prices and mortgage rates attracted buyers.
* Consumer Bankruptcy Filings Reach Highest Level Since 2005, Institute Says Consumer bankruptcy filings in the U.S. rose to the highest level since October 2005, the American Bankruptcy Institute said in a statement.
* U.K. Consumer Confidence Rises to Highest in a Year as House Prices Climb U.K. consumer confidence rose to the highest level in more than a year last month as house prices stopped falling, Nationwide Building Society said.
* Toyota the world's largest auto maker by sales posts a smaller-than-expected loss of $818 million and hikes its full-year forecast.
News Today - Aug 04
* The S&P 500 gained 1.5 percent to close at 1,002.63, the first time the S&P has closed above 1,000 since Nov. 5. The number is not only psychologically important but also technically: It puts the index up 50 percent from its March 6 low of 666.
* Global banking giant HSBC reports a 57% drop amid surging hits from bad loans, but shares rise on hopes losses have peaked.
* Manufacturing in the U.S. shrank less than forecast as stimulus-induced gains in demand worldwide helped resuscitate factories from the worst slump in three decades.
* The European manufacturing industry’s contraction slowed more than initially estimated in July, adding to indications the worst recession in six decades may have bottomed out.
* The United States, Europe and Japan still face the possibility of a double-dip recession and at the very least will experience below-potential economic growth for the next couple of years, said economist Nouriel Roubini
* Global banking giant HSBC reports a 57% drop amid surging hits from bad loans, but shares rise on hopes losses have peaked.
* Manufacturing in the U.S. shrank less than forecast as stimulus-induced gains in demand worldwide helped resuscitate factories from the worst slump in three decades.
* The European manufacturing industry’s contraction slowed more than initially estimated in July, adding to indications the worst recession in six decades may have bottomed out.
* The United States, Europe and Japan still face the possibility of a double-dip recession and at the very least will experience below-potential economic growth for the next couple of years, said economist Nouriel Roubini
News Today - Aug 03
* Employers cut jobs in July at a slower pace and the factory slump eased, indicating the end of the worst U.S. recession since the Great Depression is getting closer, economists said before reports this week.
* Japanese wage earners' total cash earnings tumbled 7.1% in the year to June, the biggest annual drop on record, which could hurt consumer spending and add to deflationary pressure on the economy.
* China’s manufacturing expanded for a fourth month in July as stimulus spending stoked domestic demand, countering a slump in exports, a survey by CLSA Asia- Pacific Markets showed.
* Greenspan Says U.S. Recession Ending, 2.5% Third-Quarter Growth Possible
* President Barack Obama warned on Saturday it would take "many more months" for the United States to get out of recession even after GDP figures showed the economy shrank only modestly in the second quarter.
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* Japanese wage earners' total cash earnings tumbled 7.1% in the year to June, the biggest annual drop on record, which could hurt consumer spending and add to deflationary pressure on the economy.
* China’s manufacturing expanded for a fourth month in July as stimulus spending stoked domestic demand, countering a slump in exports, a survey by CLSA Asia- Pacific Markets showed.
* Greenspan Says U.S. Recession Ending, 2.5% Third-Quarter Growth Possible
* President Barack Obama warned on Saturday it would take "many more months" for the United States to get out of recession even after GDP figures showed the economy shrank only modestly in the second quarter.
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News Today - July 31
*US Stocks surged Thursday, hitting their highest levels in nearly 9 months, as investors eyed the latest batch of better-than-expected profits and forecasts and a report that suggested the labor market is starting to stabilize.
* Japan’s unemployment rate rose to a six-year high in June and consumer prices fell at a record pace, adding to evidence the domestic economy is struggling to recover even as exports start to improve. Japan Consumer Prices Fell Record 1.7% in June, Stoking Deflation Concern
* The budget deficits of the U.S. and U.K. will be the largest this year of the world’s top 20 advanced and emerging economies and clear plans to cut spending are needed to ease investor concerns, an International Monetary Fund staff report said.
* President Barack Obama said on Thursday that despite signs of a US economic recovery, figures will likely show gross domestic product contracting in the 2nd quarter.
* Japan's second largest bank Mizuho posts an unexpected group loss of $47 million, with its results dragged down by valuation losses on stock-holdings and credit and equity derivatives
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* Japan’s unemployment rate rose to a six-year high in June and consumer prices fell at a record pace, adding to evidence the domestic economy is struggling to recover even as exports start to improve. Japan Consumer Prices Fell Record 1.7% in June, Stoking Deflation Concern
* The budget deficits of the U.S. and U.K. will be the largest this year of the world’s top 20 advanced and emerging economies and clear plans to cut spending are needed to ease investor concerns, an International Monetary Fund staff report said.
* President Barack Obama said on Thursday that despite signs of a US economic recovery, figures will likely show gross domestic product contracting in the 2nd quarter.
* Japan's second largest bank Mizuho posts an unexpected group loss of $47 million, with its results dragged down by valuation losses on stock-holdings and credit and equity derivatives
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News Today - July 30
* It is good news that financial markets are doing better but 2009 will still be a bad year for the world economy, International Monetary Fund Managing Director Dominique Strauss-Kahn said on Wednesday.
* President Barack Obama defended the steps taken by his administration to pull the nation out of the economic crisis, saying the U.S. “may be seeing the beginning of the end of the recession.”
* Shares in Honda Motor and Nissan Motor soared 8 percent after the automakers surprised markets by eking out small profits last quarter, helped by cost cuts.
*The massive sell-off in Chinese stocks, sparked by concerns over banks capping their lending targets and pricey valuations, had a ripple
effect on Indian equities, among other Asian markets on Wednesday. Though Indian indices managed to erase a portion of the day’s losses, stocks still ended lower, as fears about the health of global equities remain in the near term.
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News Today - July 29
* A gauge of U.S. house prices posted its first monthly gain in three years, providing some solace to consumers shaken by rising joblessness.
* Shares in China State Construction Engineering Corp, whose $7.3 billion initial public offering last week was the world's largest in a year, jumped beyond analysts' expectations in their market debut, boding well for upcoming IPOs but stirring concern about asset price bubbles.
* Treasury Secretary Timothy Geithner says the biggest achievement of two days of talks with his Chinese counterparts is a 'framework for cooperation' to map out economic relations over the years ahead.
* Japan’s retail sales fell for a 10th month in June, extending the longest losing streak since 2003 as job losses and wage cuts forced households to trim spending.
* New Zealand business confidence rose to a 10-month high in July as companies became less pessimistic about profits and the ease of getting credit.
* India's Software industry body Nasscom, in its revised exports growth estimates to be announced in Chennai on Wednesday, is likely to scale down exports growth target to single digits for 2009-10, said people familiar with the development. This is the third such revision by Nasscom in the past 12 months.
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* Shares in China State Construction Engineering Corp, whose $7.3 billion initial public offering last week was the world's largest in a year, jumped beyond analysts' expectations in their market debut, boding well for upcoming IPOs but stirring concern about asset price bubbles.
* Treasury Secretary Timothy Geithner says the biggest achievement of two days of talks with his Chinese counterparts is a 'framework for cooperation' to map out economic relations over the years ahead.
* Japan’s retail sales fell for a 10th month in June, extending the longest losing streak since 2003 as job losses and wage cuts forced households to trim spending.
* New Zealand business confidence rose to a 10-month high in July as companies became less pessimistic about profits and the ease of getting credit.
* India's Software industry body Nasscom, in its revised exports growth estimates to be announced in Chennai on Wednesday, is likely to scale down exports growth target to single digits for 2009-10, said people familiar with the development. This is the third such revision by Nasscom in the past 12 months.
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News Today - July 28
The Obama administration welcomes Chinese officials to Washington for two days of intensive and wide-ranging talks, saying the White House wants to foster cooperation on economic and diplomatic issues.
New-Home Sales in U.S. Climbed 11% Last Month, Biggest Gain in Eight Years Purchases of new homes in the U.S. climbed 11 percent in June, the biggest gain in eight years, underscoring evidence that the deepest housing slump since the Great Depression is starting to stabilize.
India Central Bank May Signal End to Sharpest Round of Interest-Rate Cuts India’s central bank may signal that its sharpest round of interest-rate cuts has come to an end by keeping borrowing costs unchanged at a meeting today.
South Korean Manufacturers' Confidence Rises to 14-Month High on Exports South Korean manufacturers’ confidence rose to the highest in 14 months after the economy grew at the fastest pace in almost six years last quarter.
King May Increase Rates Sooner Than Bernanke as U.K. Inflation Leads G-7 Bank of England Governor Mervyn King may beat Ben S. Bernanke to the emergency exit.
Geithner Assures a `Concerned' China the U.S. Will Shrink Record Deficit Treasury Secretary Timothy Geithner pledged to rein in the U.S. deficit as China underscored concern about preserving the value of its $801.5 billion of Treasury holdings.
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News Today - July 24
*U.S. stocks surged on Thursday, driving the Dow industrials above the key 9,000 mark for the first time since January, as corporate profits and rebounding home sales spurred economic optimism.
* The US VIX(volatility Index) is back under 30, suggesting that investors are confident, but it remains above 20, a sign that investors are not overly exuberant.
* South Korea's economy grew at the fastest pace in more than five years during the second quarter of this year, rising a seasonally adjusted 2.3% from the prior period, the Bank of Korea reported Friday.
* The Bank of Canada declared Canada's recession to be virtually over on Thursday and raced ahead of a cautious central banker pack with a mostly upbeat view on the world economy. The worst-case scenario of global financial disaster has been "taken off the table", Governor Mark Carney said after the central bank released a surprisingly rosy quarterly outlook.
* Microsoft reports fiscal fourth-quarter results that fall short of expectations and reflect a sharp slowdown in software sales, as demand for new PC waned in the ongoing recession.
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* The US VIX(volatility Index) is back under 30, suggesting that investors are confident, but it remains above 20, a sign that investors are not overly exuberant.
* South Korea's economy grew at the fastest pace in more than five years during the second quarter of this year, rising a seasonally adjusted 2.3% from the prior period, the Bank of Korea reported Friday.
* The Bank of Canada declared Canada's recession to be virtually over on Thursday and raced ahead of a cautious central banker pack with a mostly upbeat view on the world economy. The worst-case scenario of global financial disaster has been "taken off the table", Governor Mark Carney said after the central bank released a surprisingly rosy quarterly outlook.
* Microsoft reports fiscal fourth-quarter results that fall short of expectations and reflect a sharp slowdown in software sales, as demand for new PC waned in the ongoing recession.
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News Today - July 22
* Interest rates must stay at historically low levels for the economy to get out of the ditch, but it is not too early to discuss how the central bank will act once things get back to normal, Federal Reserve Chairman Ben Bernanke said Tuesday.
* Australian consumer price inflation slowed to it lowest annual pace in a decade last quarter as falls in food and financing costs helped offset increases in health, clothing and rents.
* China State Construction Engineering Corp., which built the Olympic 'Water Cube,' is planning to raise up to $7.3 billion in an upcoming Shanghai initial public offering, the biggest IPO so far for 2009.
* Wipro's net profit rose 12% to Rs 1015.50 crore in the April-June quarter as against Rs 1010 crore in the previous quarter
* Mining giant BHP Billiton reports a 10% fall in iron-ore output for the recent quarter, with the annual figure below expectations.
*Longest Solar Eclipse of the 21st century , In Pictures
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* Australian consumer price inflation slowed to it lowest annual pace in a decade last quarter as falls in food and financing costs helped offset increases in health, clothing and rents.
* China State Construction Engineering Corp., which built the Olympic 'Water Cube,' is planning to raise up to $7.3 billion in an upcoming Shanghai initial public offering, the biggest IPO so far for 2009.
* Wipro's net profit rose 12% to Rs 1015.50 crore in the April-June quarter as against Rs 1010 crore in the previous quarter
* Mining giant BHP Billiton reports a 10% fall in iron-ore output for the recent quarter, with the annual figure below expectations.
*
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News Today - July 21
* The Federal Reserve will need to rein in accommodative measures to prevent inflation as a recovery takes hold, though the pace and timing will depend on the strength of the economy, central bank Chairman Ben Bernanke said in a Wall Street Journal article.
* Nouriel Roubini, the economist whose dire forecasts earned him the nickname "Doctor Doom", told CNBC Monday that the economic recovery is going to be "very ugly."The recovery is going to be subpar," Roubini said. "I see a one percent growth in the economy in the next few years. There will also be 11 percent unemployment next year and the recovery is going to be slow. It's going to feel like a recession even when it ends.
* CIT confirms that a $3 billion emergency credit line has saved it from the brink of bankruptcy, adding that a tender on its debt due next month may involve an 82.5-cents-on-the-dollar haircut for creditors.
* Oil rose a dollar to above $64 a barrel on Monday, reaching its highest level in almost two weeks, as equities firmed and the dollar fell on expectations of a global economic recovery
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* Nouriel Roubini, the economist whose dire forecasts earned him the nickname "Doctor Doom", told CNBC Monday that the economic recovery is going to be "very ugly."The recovery is going to be subpar," Roubini said. "I see a one percent growth in the economy in the next few years. There will also be 11 percent unemployment next year and the recovery is going to be slow. It's going to feel like a recession even when it ends.
* CIT confirms that a $3 billion emergency credit line has saved it from the brink of bankruptcy, adding that a tender on its debt due next month may involve an 82.5-cents-on-the-dollar haircut for creditors.
* Oil rose a dollar to above $64 a barrel on Monday, reaching its highest level in almost two weeks, as equities firmed and the dollar fell on expectations of a global economic recovery
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News Today - July 17
* Google's revenue in the three months ended June 30 totaled $5.52 billion, compared with $5.37 billion a year earlier. Analysts were looking for $5.49 billion, according to Reuters Estimates.
* IBM reported second-quarter earnings that blew past what analysts were forecasting, and the company's shares rose in late trading.
* US Market rallied late in the day on statement from Dr.Doom Nouriel Roubini that the "worst is behind us in terms of economic and financial conditions, Roubini Statement on the U.S. Economic Outlook
* Ratan Tata will finally hand over the keys of Nano, his dream project to its first owner as Nano hits streets today.
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News Today - July 16
* Asian Regional stock markets put up some strong gains after an earlier Wall Street rally, with Japanese exporters helped by a weaker yen.
* China's gross domestic product expands by 7.9% on year in the second quarter, beating estimates for a 7.7%, thanks to rising domestic consumption and a strong increase in industrial activity. But consumer and wholesale prices drive lower
* China’s foreign exchange reserves balloon at a record pace in the second quarter to top the $2 trillion milestone for the first time, even as the nation’s exports remain under pressure .
* CIT Group, is likely to file for bankruptcy Friday, a source close to the company tells CNBC. The major lender to small-and mid-sized U.S. businesses was taken by surprised at the failure of bailout talks.
* Reliance Big Entertainment has finally sealed the funding for its much-hyped 50:50 joint venture with Steven Spielberg's DreamWorks
* US Industrial production shrank less than forecast and a New York regional factory gauge showed the smallest contraction in more than a year, signaling manufacturing is on the verge of stabilizing. The 0.4 percent decrease in output at factories, mines and utilities in June was the smallest in eight months, Federal Reserve figures showed today in Washington.
* China's gross domestic product expands by 7.9% on year in the second quarter, beating estimates for a 7.7%, thanks to rising domestic consumption and a strong increase in industrial activity. But consumer and wholesale prices drive lower
* China’s foreign exchange reserves balloon at a record pace in the second quarter to top the $2 trillion milestone for the first time, even as the nation’s exports remain under pressure .
* CIT Group, is likely to file for bankruptcy Friday, a source close to the company tells CNBC. The major lender to small-and mid-sized U.S. businesses was taken by surprised at the failure of bailout talks.
* Reliance Big Entertainment has finally sealed the funding for its much-hyped 50:50 joint venture with Steven Spielberg's DreamWorks
* US Industrial production shrank less than forecast and a New York regional factory gauge showed the smallest contraction in more than a year, signaling manufacturing is on the verge of stabilizing. The 0.4 percent decrease in output at factories, mines and utilities in June was the smallest in eight months, Federal Reserve figures showed today in Washington.
News Today - July 15
* The U.S. recession is almost over but the recovery will be very slow, Thomas Hoenig, president of the Kansas City Federal Reserve Bank said Tuesday, while warning that even in this climate inflation is a long-term threat that should not be ignored.
* Intel Corp., the world's largest semiconductor company, reported a second-quarter loss on Tuesday, as profit was offset by a major fine imposed by the European Union.
* Standard & Poor's Ratings Services on Tuesday said its rating on Goldman Sachs Group was not affected by the bank's "very strong" second-quarter earnings report. "Although Goldman Sachs may well continue outperforming its close peers, we don't consider its first-half results to be sustainable," S&P said.
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* Intel Corp., the world's largest semiconductor company, reported a second-quarter loss on Tuesday, as profit was offset by a major fine imposed by the European Union.
* Standard & Poor's Ratings Services on Tuesday said its rating on Goldman Sachs Group was not affected by the bank's "very strong" second-quarter earnings report. "Although Goldman Sachs may well continue outperforming its close peers, we don't consider its first-half results to be sustainable," S&P said.
* Facebook - 'The Accidental Billionaires'
