Tokyo surges on BoJ easing hopes
By Financial Times on March 12, 2010
Tokyo stocks powered to their best weekly gains in more than three months as expectations the Japanese central bank may take extra monetary easing steps raised the prospect of a weakening yen boosting exporters
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Posted in Markets
FSA to clamp down on mis-selling
By BBC on March 12, 2010
The head of the Financial Services Authority says the regulator will toughen up protection for consumers against poor financial products.
Read the full story on BBC World Business
Posted in Business
China oil demand is ‘astonishing’
By BBC on March 12, 2010
Oil demand in China rose by an “astonishing” 28% in January compared with a year ago, the International Energy Agency says.
Read the full story on BBC World Business
Posted in Business
Bristol-Myers, Sanofi update Plavix label warning
By MarketWatch on March 12, 2010
SAN FRANCISCO (MarketWatch) — Bristol-Myers Squibb Co. and Sanofi Aventis said Friday that the blood-thinner Plavix will now come with a safety warning concerning patients who may not be able to metabolize the drug. About 2% to 14% of the U.S. population have difficulty metabolizing the drug because of a faulty enzyme in the liver. The new warning cautions doctors that these patients are at risk for heart problems and stroke because of the lack of effectiveness.
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Posted in Markets
US stocks fall in spite of retail figures
By Financial Times on March 12, 2010
US stocks fell on Friday in spite of surprisingly strong retail sales data that came out before trading began and positive employment figures from Canada
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Posted in Markets
Used car values up, except Toyota: Edmunds.com
By MarketWatch on March 12, 2010
SAN FRANCISCO (MarketWatch) — Toyota Motor Corp. aside, used car prices have risen about 2% from a month ago, according to a report from Edmunds.com on Friday. The price of Toyota vehicles affected by the recent spate of recalls are down 2.5%. The car-buying research Web site said the trend of rental fleets returning their Toyotas has also helped make it a buyer’s market for consumers. “Car-shoppers are in a great position to negotiate, and once they pick up a Toyota – or any used car – they should immediately get their contact information into the automaker’s owner database to be kept up to date on recalls and other alerts,” Edmunds.com editor Philip Reed said.
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Posted in Markets
Bankrupt WaMu settles with J.P. Morgan, FDIC
By MarketWatch on March 12, 2010
SAN FRANCISCO (MarketWatch) — Washington Mutual Inc. said Friday that it has reached a global settlement agreement with J.P. Morgan Chase & Co. and the Federal Deposit Insurance Corp. The bankrupt bank said it is confident the settlement “will provide substantial recoveries” for its creditors.
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Posted in Markets
Superdry founder in line for £80m
By BBC on March 12, 2010
The man behind the Superdry label gets big payout as firm completes transformation from market stall in Cheltenham to stock market.
Read the full story on BBC World Business
Posted in Business
Sarkozy and Brown attack US deal
By BBC on March 12, 2010
Nicolas Sarkozy and Gordon Brown criticise the US for “protectionism” over an aerospace deal after talks in London.
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Posted in Business
BA union announces strike dates
By BBC on March 12, 2010
BA cabin crew will go on strike for three days from 20 March and for four days from 27 March in a dispute over pay and staff levels.
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Posted in Business
China’s stern warning to Google
By BBC on March 12, 2010
China’s top internet official warns that Google will “pay the consequences” if it does not comply with censorship laws.
Read the full story on BBC World Business
Posted in Business
US retail sales in surprise rise
By BBC on March 12, 2010
US retail sales showed a surprise rise in February as consumers braved extreme bad weather to get to the shops
Read the full story on BBC World Business
Posted in Business
Eurozone industry grows strongly
By BBC on March 12, 2010
Factory output in the eurozone rose 1.7% between December and January, the biggest monthly rise since records began.
Read the full story on BBC World Business
Posted in Business
Lehman bosses severely criticised
By BBC on March 12, 2010
A report into the collapse of US bank Lehman Brothers criticises senior executives and auditor Ernst & Young for serious lapses.
Read the full story on BBC World Business
Posted in Business
FSA to clamp down on mis-selling
By BBC on March 12, 2010
The head of the financial watchdog the FSA will announce plans to toughen up consumer protection.
Read the full story on BBC World Business
Posted in Business
China oil demand is ‘astonishing’
By BBC on March 12, 2010
Oil demand in China rose by an “astonishing” 28% in January compared with a year ago, the International Energy Agency says.
Read the full story on BBC World Business
Posted in Business
New mortgages ‘halved in January’
By BBC on March 12, 2010
The number of mortgages agreed with house buyers fell 49% in January from the month before, mortgage lenders say.
Read the full story on BBC World Business
Posted in Business
China hits back at Obama on yuan
By BBC on March 12, 2010
China has hit back at comments by US President Barack Obama that Beijing should change its currency strategy.
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Posted in Business
Warning on public sector pensions
By BBC on March 12, 2010
The amount of money paid as public sector pensions could more than triple in the next 50 years, says the National Audit Office.
Read the full story on BBC World Business
Posted in Business
New York banking gains on London
By BBC on March 12, 2010
New York and London have been ranked as the joint-top global financial centres according to new research.
Read the full story on BBC World Business
Posted in Business
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