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Reuters: Business News
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Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
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IMF's Lipsky says moderate world recovery underway
GWANGJU, South Korea (Reuters) - The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's First Managing Director, John Lipsky, said on Sunday.
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Anglo Irish Bank to be "decommissioned" - minister
DUBLIN (Reuters) - Nationalised Anglo Irish Bank will be "decommissioned," with a decision on its fate expected within a few weeks, a junior government minister was quoted on Saturday as saying.
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China tells state companies to explore Potash bid
TORONTO/HONG KONG (Reuters) - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion (25 billion pound) bid for Potash Corp , a source with direct knowledge of the matter said.
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BP replaces failed blowout preventer on Gulf well
HOUSTON (Reuters) - BP Plc successfully replaced a failed blowout preventer from atop its ruptured Gulf of Mexico oil well late on Friday, the top U.S. official overseeing the spill response said.
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EU's Barnier sees hedge, equity rules in few weeks
CERNOBBIO, Italy (Reuters) - The European Union could agree in the next few weeks a law to regulate hedge funds and private equity operators, blamed by some for financial excesses, an EU commissioner said on Saturday.
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Japan Noda warns on yen, suggests joint steps difficult
TOKYO (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Saturday Tokyo would take decisive steps to stem the yen's rise when needed, while suggesting that coordinated currency market intervention was a difficult option.
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ECB's Trichet urges European unity at IMF
CERNOBBIO, Italy (Reuters) - Europe needs to agree common positions on international issues at the International Monetary Fund, European Central Bank President Jean-Claude Trichet said on Saturday.
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G20 members agree economic recovery to continue
GWANGJU, South Korea (Reuters) - G20 delegates agreed on Saturday global economic recovery would endure although the speed of expansion may slow, a South Korean official said.
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Car insurance premiums jump 31 percent - AA
LONDON (Reuters) - The cost of car insurance has risen by almost a third in the past year, its biggest ever increase, as insurers seek to offset a sharp rise in claims expenses driven in part by fraud, AA Insurance said.
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Stocks and commodities gain on labour market report
NEW YORK (Reuters) - Stocks jumped and commodities rose on Friday after data showing fewer U.S. job losses than expected reinforced other reports this week to ease fears the American economy is on the cusp of a new recession.
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