Business Today: Gobal stocks down for 4th day

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Good Morning Robert, MON 05 Jul 2010 
 
Gobal stocks down for 4th day
Bulls on the run in shortened week
BP eyes stake sale as spill cost tops $3 billion
Emerging market M&A gains share on West
Lloyds offloads private equity unit
Budget cuts and reform will help growth: Trichet
Hedge funds see "trying" year in 2010
Bank of China: New funding to suffice for 3 years
Samsung H2 could play spoilsport to strong recovery
World Cup fever fuels German growth hopes


Gobal stocks down for 4th day
July 05, 2010 07:08 AM ET
LONDON (Reuters) - World stock prices fell for the fourth day running on Monday and the dollar traded close to two-month lows on growing concerns of slowdowns in the United States and China -- the two main pillars of global growth.

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Bulls on the run in shortened week
July 05, 2010 01:32 AM ET
NEW YORK (Reuters) - Bearish bets in the equity options market, coupled with an increasingly sour view from a technical perspective, suggest stocks will struggle to break from a vicious two-month downtrend this week.

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BP eyes stake sale as spill cost tops $3 billion
July 05, 2010 07:21 AM ET
LONDON/KUWAIT (Reuters) - Shareholders in British oil company BP balked at reports it would seek urgent investment from a wealthy Middle East or Asian country as clean-up costs for its U.S. oil spill topped $3 billion.

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Emerging market M&A gains share on West
July 05, 2010 06:45 AM ET
SINGAPORE (Reuters) - A burst of corporate acquisition activity in Asia shows that executives throughout the region are gaining confidence in their financial outlook and expansion strategy, with cross-border deals on the upswing.

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Lloyds offloads private equity unit
July 05, 2010 06:01 AM ET
LONDON (Reuters) - Bailed-out lender Lloyds Banking Group has agreed to sell its private equity business to buyout firm Coller Capital, accelerating its plan to offload peripheral units and refocus on its core lending activities.

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Budget cuts and reform will help growth: Trichet
July 04, 2010 02:11 PM ET
AIX-EN-PROVENCE, France (Reuters) - Budget cuts and structural reforms will help cement economic recovery, while bank stress tests will help restore confidence, European Central Bank President Jean-Claude Trichet said on Sunday.

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Hedge funds see "trying" year in 2010
July 05, 2010 08:23 AM ET
BOSTON (Reuters) - Hedge fund managers feel they aren't out of the woods quite yet.

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Bank of China: New funding to suffice for 3 years
July 05, 2010 05:15 AM ET
HONG KONG (Reuters) - Bank of China said its bid to raise up to $8.9 billion should give it enough capital for the next three years, seeking to assure markets its second major fund-raising this year will mend its stretched balance sheet for the foreseeable future.

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Samsung H2 could play spoilsport to strong recovery
July 05, 2010 02:16 AM ET
SEOUL (Reuters) - Samsung Electronics' second-half performance might be hit by weak European markets, and the launch of its new smartphones is key as the world's No. 1 memory chipmaker is set to report a record quarterly profit.

Full Article
World Cup fever fuels German growth hopes
July 05, 2010 08:33 AM ET
BERLIN (Reuters) - Germany's strong run in the World Cup may be the catalyst for a growth spurt by Europe's largest economy, as consumers riding the "feelgood factor" of national success dip in to their savings and start spending again.

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