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Recent Blog Posts

• Basel committee seeks 9 percent Tier 1 capital: report
  

  FRANKFURT (Reuters) - Global banks will be required to hold Tier 1 capital of nine percent including a 3 percent so-called "conservation buffer," German weekly Die Zeit reported, quoting a draft proposal from the Basel Committee, the body tasked with ...read full article»

• Obama to announce $50 billion infrastructure job plan
  

  WASHINGTON (Reuters) - President Barack Obama will announce on Monday a six-year plan to revamp the United States' road, railways and runways with a $50 billion up-front investment to jump-start job creation, the White House said. http://www.reuters.com/ ...read full article»

• Russia’s Medvedev forecasts early removal of grain ban
  

  VORONEZH, Russia (Reuters) - President Dmitry Medvedev signaled on Monday Russia's ban on grain exports may be lifted earlier than December 31 this year and state grain stocks may be insufficient to cover the drought-hit country's needs. http://www.reuters.com/ ...read full article»

• Hon Hai shares fall after reports on sales target cut
  

  TAIPEI (Reuters) - Shares in Hon Hai Group , maker of Apple's iPhones, fell as much as 4 percent on Monday after its chairman was quoted as saying in a report that the group will halve its long-term sales ...read full article»

• Nowotny says no ECB exit discussions before December: report
  

  FRANKFURT (Reuters) - The European Central Bank will not discuss its exit from unlimited liquidity provision before December, the central bank's Governing Council member Ewald Nowotny was quoted as saying on Monday. http://www.reuters.com/ ...read full article»

• Jobs data continues to lift global equities
  

  LONDON (Reuters) - Encouraging news about the U.S. employment picture continued to spill over onto financial markets on Monday, lifting world stocks on hopes that a slip back into recession could be avoided. http://www.reuters.com/ ...read full article»