Archive | August, 2010

Summary Box: Japanese factory output rises in July (AP)

AP – JAPANESE PRODUCTION RISES: Japan’s factory output unexpectedly rose in July for the first time in two months, up 0.3 percent from June. Production of machinery, chemicals and paper rose despite signs of a slowing global economy. That beat forecasts for a 0.3 percent decline.

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Putin intervenes in Norilsk battle

Russian prime minister steps into dispute between Norilsk Nickel’s main shareholders, but fails to put an end to the fight between Oleg Deripaska and Vladimir Potanin

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Dozens held in anti-Kremlin protest

A month of demonstrations across Russia culminated in a melee between pro-democracy demonstrators and police in central Moscow on Tuesday, with dozens of protesters arrested and several injured

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Fed minutes show debate on economic outlook

There was an unusual amount of disagreement among Fed policymakers at their last meeting over what the central bank should do to address the increasingly uncertain state of the U.S. economic recovery, according to the minutes released Tuesday.

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Carrefour sets sights on key growth markets

Europe’s top retailer aims to accelerate store openings through acquisition or partnerships in key growth markets such as Brazil, China, Indonesia and Turkey as well looking to re-enter Russia

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Fed mulls stimulus if outlook worsens appreciably

WASHINGTON (Reuters) – The outlook for the U.S. economy would have to deteriorate “appreciably” to spur fresh support from the Federal Reserve, minutes of the central bank’s last policy meeting released on Tuesday said.

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US Fed warns economic recovery looks ‘sluggish’ (AFP)

AFP – A slew of poor economic data points to a “sluggish” US recovery in the coming months, the Federal Reserve’s top committee said in minutes published Tuesday.

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How the Consumer Confidence Index is figured (AP)

AP – The Consumer Confidence Index is released each month by the Conference Board, a private research group. It is based on a survey made up of five questions that haven’t changed since the index started in 1967.

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Hunger for Genzyme deal grows keener

Genzyme’s removal of some of its takeover defences – including a poison pill and staggered directors’ appointments – makes the US biotech group more vulnerable to a hostile bid

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How Fed’s policymakers hold power over your purse (AP)

AP – The Federal Reserve’s chief policymaking group last met Aug. 10, and the minutes of that meeting were released Tuesday.

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