17 May 2012

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News Times

Beginning home construction in U.S. exceeded forecasts in April

Builders in the U.S. broke ground on more homes than anticipated in April, indicating the residential real estate industry is stabilizing.Starts rose 2.6 percent to a 717,000 annual rate from March's revised 699,000 pace that was stronger than previously reported,figures showed Wednesday in Washington. The median estimate of 80 economists surveyed by Bloomberg News called for a rise to 685,000. Bu...

Source : News Times | 5 Hour(s) AgoCategory : Business

New home construction improves in April : Los Angeles Times

US stock futures up worries linger about Europe : Times Of India

All 6 news..

IBNLive

Indian rupee hits all-time low

Indian rupee plummeted to an all time low on Wednesday to 54.46 rupees to the dollar, or up to Rs14.81 to the dirham, breaching its previous record low of 54.39 struck on December 15.Local money exchanges witnessed “higher than normal footfalls” as non residents rushed to remit money as the rupee’s value against the dollar-pegged UAE currency declined to over 20 per cent during the past 12 months....

Source : Khaleej Times | 5 Hour(s) AgoCategory : Business

Sensex tanks 298 points, metal, auto stocks fall (Lead) : Webindia123

Mukherjee hints at austerity as rupee dips to record low Roundup : Webindia123

All 14 news..

News Times

Greek turmoil spreads pessimism across markets

Monday, May 7, 2012, photo, specialist Stephen D'Agostino works at his post on the floor of the New York Stock Exchange. Wall Street was headed for a lower opening Wednesday May 16, 2012, with Dow Jones industrial futures losing 0.1 percent and SP 500 futures down 0.2 percent.Photo: Richard Drew/ APNEW YORK (AP) — The unending turmoil in Greece spread fallout across the financial markets Wednesday...

Source : News Times | 5 Hour(s) AgoCategory : Business

Wall Street's messy May gets a little worse : Bignewsnetwork

Greek turmoil leads to losses on Wall Street : News Times

All 4 news..

Fed: Several members could support further easing

Federal Reserve policymakers are open to further efforts to stimulate the U.S. economy if growth falters or threats escalate.Minutes of the central bank's April 24-25 meeting released Wednesday stated that "several members" thought additional Fed support could be needed if the recovery lost momentum or if the risks to the economy became great enough.The minutes did not spell out what circumstances...

Source : News Times | 5 Hour(s) AgoCategory : Business

Several Fed members could support further easing, minutes show : Los Angeles Times

Fed Keeps Bond Buying Door Open Minutes : International Business Times

All 6 news..

Rediff

JP Morgan fallout could bring benefits and hurt to the state

state filled with hedge funds and a healthy population of investors, Connecticut stands to suffer some pain and benefit from JPMorgan Chase's disastrous credit derivatives strategy, experts say.Last week, JPMorgan revealed it is facing the potential loss of $2 billion related to a systemic hedging strategy in Europe that was to protect against its credit exposure in the case of a major economic di...

Source : News Times | 5 Hour(s) AgoCategory : Business

JP Morgan loss a risk management failure: Geithner : Rediff

FBI launches probe into JP Morgan s 2 billion trading loss : News Track India

All 8 news..

dailymail

Oil Rises 0.4% in New York, Gaining for First Time in Five Days

for June delivery climbed as muchas 40 cents, or 0.4 percent, to $93.21 a barrel in electronictrading on theMercantile...

Source : The Money Times | 7 Hour(s) AgoCategory : Business

Greek Exit Fears Catch Up With ECB : International Business Times

Eurozone crisis due to Greece cause for fall in market : Moneycontrol

All 4 news..

Rediff

Which bank's prepared for Greek tragedy?

Global stocks dived yesterday after a failure by Greece's political leaders to form a coalition government set the stage for new elections next month, keeping Europe's debt crisis center stage. Pic/APCommonwealth Bank CEO Ian Narev says a Greek default will not be as devastating as the GFC. Picture: Dan HimbrechtsGREECE's exit from the eurozone would not have the same impact on the world as the ev...

Source : perthnow | 9 Hour(s) AgoCategory : Business

Shares recover a bit, though fear on Greece remains : International Business Times

Greece political chaos continues to roil world markets : Business Today

All 27 news..

dailymail

Fewer hours worked in shift to part time

settings.April’s jobless rate may have fallen - but so has the number of people working standard hours, meaning more are in part-time jobs.In original terms, 1,187,000 people worked between 35-39 hours in April, down from 1,853,800 in March, according to data from the Australian Bureau of Statistics today. Those working 40 hours a week fell to 973,500 in April from 1,556,500 in March, as well.The ...

Source : Sydney Morning Herald | 8 Hour(s) AgoCategory : Business

UK unemployment falls by 45,000 : BBC

Unemployment down but workers make do with more part time jobs and below inflation pay rises : dailymail

All 4 news..

Under-employment crisis: Two million in jobs that don't even pay the bills

Britain is in the grip of an ‘under-employment’ crisis with record numbers forced to do jobs that pay them less than they need.Official figures, published yesterday, show there are 2.03million people who say they are having to accept either temporary or part-time work because they cannot find a permanent or full-time job.This total – the largest number since records began – highlights the crisis f...

Source : dailymail | 5 Hour(s) AgoCategory : Business

Singapore Q1 economic growth slows to 1.6 percent

Singapore's economic growth slowed in the first quarter as the government warned Thursday that political upheaval in Europe threatens to undermine the global economy.Gross domestic product expanded 1.6 percent in the January to March period from a year earlier, down from 3.6 percent in the fourth quarter, thePolitical and fiscal turmoil in Europe could worsen the continent's debt crisis and slow t...

Source : News Times | 5 Hour(s) AgoCategory : Business

GE agrees to buy Australia's Industrea to add mine equipment

Ltd. for about A$470 million ($466 million) in cash to add mining equipment, technology and services businesses in China and Australia, the biggest exporter of coal and iron ore.The deal values Industrea's shares at A$1.27 ($1.26) each, 48 percent more than Tuesday's close, the Brisbane-based company said Wednesday in a statement.Fairfield,-based GE said in a separate statement that it also signed...

Source : News Times | 5 Hour(s) AgoCategory : Business

Inside-trading trial likely to feature key call

YORK -- A judge said Wednesday he expects to let prosecutors play for jurors at trial next week the only recording of a phone call between a former Goldman Sachs board member accused of insider trading and a hedge fund founder.begins with jury selection Monday. Gupta was a board member at Goldman Sachs and Procter Gamble when the government said he gave tips in 2008 to billionaire hedge-fund trad...

Source : News Times | 5 Hour(s) AgoCategory : Business