Posted by Reuters: Business News on July 30, 2010
LONDON (Reuters) – The dollar fell to an eight-month low against the yen on Friday while European and Asian shares slipped on worries U.S. growth data due later in the day may show the world’s biggest economy is losing steam.
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LONDON (Reuters) – A global accounting standard setter proposed a new rule for insurers on Friday, aiming to shine a light on a sector criticized by investors for being a “black box” that keeps them in the dark.
Posted by Reuters: Business News on July 29, 2010
LONDON (Reuters) – Royal Dutch Shell Plc said second-quarter current cost of supply (CCS) net income jumped 94 percent to $4.53 billion thanks to a strong operating environment and a speedy restructuring of the group.
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LONDON (Reuters) – AstraZeneca doubled its 2010 share buyback program on Thursday, after posting strong results and winning an endorsement from a U.S. advisory panel for its potential blockbuster heart drug Brilinta.
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LONDON (Reuters) – Robust quarterly earnings from Europe drove world stocks higher on Thursday, while the dollar hit a three-month low on the back of weak U.S. data and a downbeat assessment of the economy from the Federal Reserve.
Posted by Reuters: Business News on July 28, 2010
LONDON (Reuters) – A day after BP said it would sell $30 billion in assets to pay for its Gulf of Mexico oil spill, the focus shifted to what is for sale, while lawyers prepared to tackle a mountain of claims for damages.
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LONDON (Reuters) – Oil and gas producers ConocoPhillips, ENI and BG Group reported big jumps in second quarter profits on Wednesday thanks to higher oil and gas prices and firmer refining margins.
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LONDON (Reuters) – Oil slipped toward $77 per barrel on Wednesday after an unexpected increase in U.S. crude stockpiles and a drop in U.S. consumer confidence fueled doubts about the pace of recovery in energy demand.
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LONDON (Reuters) – World stocks rose for the fifth day running on Wednesday as solid corporate earnings combined with easing fears about financial stability to boost investors appetite for riskier assets.
Posted by Reuters: Business News on July 27, 2010
LONDON (Reuters) – Oil giant BP Plc launched a plan to repair its battered image in the United States on Tuesday, ditching its gaffe-prone chief executive and promising to slim down by trebling an asset sale target to $30 billion.
