USD http://www.globalpost.com/taxonomy/term/23052/all en GLOBAL MARKETS-U.S. fiscal deal prompts rally in stocks, commodities http://www.globalpost.com/dispatch/news/thomson-reuters/130103/global-markets-us-fiscal-deal-prompts-rally-stocks-commodities <p>* Global shares jump after U.S. Congress passes budget deal * Dollar down, euro rises on increase in risk appetite * Oil jumps as commodities join rally in risky assets By Ryan Vlastelica NEW YORK, Jan 2 (Reuters) - Global stock surged while commodities rallied on Wednesday after U.S. legislators struck a deal to halt a round of automatic fiscal tightening that threatened to push the world's largest economy into recession. The deal reached on Tuesday to avert the "fiscal cliff" put off the immediate pain of income tax hikes for almost all U.S.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/global-markets-us-fiscal-deal-prompts-rally-stocks-commodities" target="_blank">read more</a></p> Bond Business Company Location Economic history Economics Economy of the European Union Economy of the United States Euro Financial economics Foreign exchange market Futures contract Government debt Politics Quotation USD Yield curve Thomson Reuters Thu, 03 Jan 2013 15:49:34 +0000 5730978 at http://www.globalpost.com GLOBAL MARKETS-Share rally stalls as more U.S. budget battles loom http://www.globalpost.com/dispatch/news/thomson-reuters/130103/global-markets-share-rally-stalls-more-us-budget-battles-loom <p>* World shares ease back from 18-month highs</p> <p>* Brent oil falls to $112 a barrel</p> <p>* Dollar index hits three-week high</p> <p>* Euro dips 0.3 pct to $1.3150</p> <p>By Richard Hubbard</p> <p>LONDON, Jan 3 (Reuters) - A global share market rally petered out on Thursday as investors focused on U.S. political battles ahead over spending cuts, halting the gains that followed a deal to avoid sharp tax hikes.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/global-markets-share-rally-stalls-more-us-budget-battles-loom" target="_blank">read more</a></p> Business Economic disasters Economic history Economics Economy of the United States Government oil Person Career Quotation Recessions United States federal budget United States public debt USD World oil market chronology from Thomson Reuters Thu, 03 Jan 2013 16:00:19 +0000 5730983 at http://www.globalpost.com US STOCKS-Fed minutes short-circuit Wall St rally http://www.globalpost.com/dispatch/news/thomson-reuters/130103/us-stocks-fed-minutes-short-circuit-wall-st-rally <p>* Fed to continue asset buys as doubts grow * Investors eye congressional-White House battles ahead * Retailers post December sales * Positive jobs data has little impact * Indexes down: Dow 0.16 pct, S&amp;P 0.21 pct, Nasdaq 0.38 pct By Chuck Mikolajczak NEW YORK, Jan 3 (Reuters) - U.S. stocks dipped on Thursday after signs the Federal Reserve has growing concern about its highly stimulative monetary policy, giving investors reason to pull back after a two-day rally.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/us-stocks-fed-minutes-short-circuit-wall-st-rally" target="_blank">read more</a></p> Business Dow Jones & Company Dow Jones Industrial Average Economy of the United States Entertainment Environment Financial economics Futures contract Health Labor Law New York Stock Exchange Person Career Politics Quotation Stock market US Federal Reserve USD Thomson Reuters Fri, 04 Jan 2013 04:15:04 +0000 5731089 at http://www.globalpost.com UPDATE 5-Transocean to pay $1.4 bln for role in BP oil spill http://www.globalpost.com/dispatch/news/thomson-reuters/130103/update-5-transocean-pay-14-bln-role-bp-oil-spill <p>* Transocean owned doomed rig in 2010 Macondo disaster * Payment less than company set aside, shares jump 6.4 pct * Settlement still to be reached with plaintiffs * Halliburton still to settle with DoJ; its shares up 1.7 pct By David Ingram WASHINGTON, Jan 3 (Reuters) - Offshore rig contractor Transocean Ltd has agreed to pay $1.4 billion to settle U.S. government charges arising from BP Plc's massive oil spill in the Gulf of <a href="http://www.globalpost.com/internal/section-config/mexico">Mexico</a> in 2010. The settlement unveiled on Thursday by the U.S.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/update-5-transocean-pay-14-bln-role-bp-oil-spill" target="_blank">read more</a></p> BP BP Plc Business Business Relation Companies listed on the New York Stock Exchange Deepwater Horizon Deepwater Horizon oil spill Disaster DoJ Economy of the United States Environment Gulf of Mexico Gulf of Mexico Gulf of Mexico Halliburton Halliburton Macondo Macondo Prospect Man Made Disaster oil Person Career Petroleum Quotation Transocean Transocean Ltd USD Thomson Reuters Fri, 04 Jan 2013 04:15:13 +0000 5731092 at http://www.globalpost.com South African farm workers to revive wine region strikes http://www.globalpost.com/dispatch/news/thomson-reuters/130107/south-african-farm-workers-revive-wine-region-strikes <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* Seeking minimum daily wage of $17.50 from $8</p> <p>* Last action left two dead after wave of mine strikes</p> <p>* Farm owners say power costs mean cannot afford higher<br /> wages</p> <p>By Wendell Roelf</p> <p>CAPE TOWN, Jan 7 (Reuters) - Thousands of South African farm<br /> workers will go on strike in the Western Cape wine region from<br /> Wednesday, reviving labour action for higher wages in which two<br /> workers were killed in clashes with police and vineyards were<br /> damaged.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130107/south-african-farm-workers-revive-wine-region-strikes" target="_blank">read more</a></p> Africa African Regional Organisation of the International Trade Union Confederation Apartheid in South Africa Congress of South African Trade Unions Man Made Disaster Person Career Politics Politics of South Africa Quotation Racial segregation South Africa Trade union Trade unions in South Africa USD Thomson Reuters Mon, 07 Jan 2013 14:09:05 +0000 Thomson Reuters 5731335 at http://www.globalpost.com REFILE-US STOCKS-Wall St falls after 5-yr high, earnings in focus http://www.globalpost.com/dispatch/news/thomson-reuters/130107/refile-us-stocks-wall-st-falls-after-5-yr-high-earnings-focus <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p/> <p>* Bank of America shares up on $11 billion Fannie Mae<br /> settlement</p> <p>* Amazon stock hits all-time high on Morgan Stanley view</p> <p>* Indexes off: Dow 0.47 pct, S&amp;P 0.45 pct, Nasdaq 0.41 pct</p> <p>By Rodrigo Campos</p> <p>NEW YORK, Jan 7 (Reuters) - U.S. stocks fell on Monday as<br /> traders cashed in recent gains that lifted the S&amp;P 500 to a<br /> five-year high on Friday and awaited Tuesday's start of the<br /> fourth-quarter earnings season.</p> </p/><p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130107/refile-us-stocks-wall-st-falls-after-5-yr-high-earnings-focus" target="_blank">read more</a></p> Bank of America Business Relation Buybacks Company Location Economic history Economics Economy of the United States Fannie Mae Investment Late-2000s financial crisis Morgan Stanley Mortgage industry of the United States Person Career Primary dealers Quotation Stock market crashes Technology USD Thomson Reuters Mon, 07 Jan 2013 17:21:36 +0000 Thomson Reuters 5731373 at http://www.globalpost.com UPDATE 1-Ten US banks to pay $8.5 bln to end foreclosure reviews http://www.globalpost.com/dispatch/news/thomson-reuters/130107/update-1-ten-us-banks-pay-85-bln-end-foreclosure-reviews <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p/> <p>By Aruna Viswanatha</p> <p>WASHINGTON, Jan 7 (Reuters) - A group of 10 mortgage<br /> servicers agreed on Monday to pay a total of $8.5 billion to end<br /> a government-mandated case-by-case review of foreclosures in an<br /> acknowledgement the reviews had proven too cumbersome and<br /> expensive.</p> <p>Bank of America Corp, Citigroup Inc, JPMorgan<br /> Case &amp; Co, Wells Fargo &amp; Co and six others will<br /> pay $3.3 billion directly to eligible borrowers, and will pay<br /> $5.2 billion in loan modifications and forgiveness, regulators<br /> said.</p> </p/><p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130107/update-1-ten-us-banks-pay-85-bln-end-foreclosure-reviews" target="_blank">read more</a></p> Bank of America CDATA Economy of the United States Finance Financial services Foreclosure MERS Mortgage Mortgage modification Mortgage servicer Personal finance Quotation United States housing bubble USD Thomson Reuters Tue, 08 Jan 2013 01:47:17 +0000 Thomson Reuters 5731427 at http://www.globalpost.com UPDATE 2-Samsung sees Q4 profit at $8.3 bln on Note sales, components http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-2-samsung-sees-q4-profit-at-83-bln-note-sales-components <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* Q4 operating profit estimated at record 8.8 trln won</p> <p>* Q4 sales estimated at 56 trln won</p> <p>* Analysts predict handset division profit at 5.8 trln won</p> <p>* Strong handset pipeline, chip recovery to lift 2013 profit<br /> - analysts</p> <p>* Shares open 1 pct lower</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/update-2-samsung-sees-q4-profit-at-83-bln-note-sales-components" target="_blank">read more</a></p> Android devices Company Competitor Company Earnings Announcement Company Earnings Guidance Company Technology Electronic engineering Electronics Entertainment Exynos HTC IPhone Person Career Quotation Samsung Samsung Electronics Samsung Electronics Samsung Galaxy S II Smartphones Technology USD Videotelephony Thomson Reuters Tue, 08 Jan 2013 13:55:12 +0000 Thomson Reuters 5731509 at http://www.globalpost.com Qatar says boosting aid to Egypt by extra $2.5 bln http://www.globalpost.com/dispatch/news/thomson-reuters/130108/qatar-says-boosting-aid-egypt-extra-25-bln <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>CAIRO, Jan 8 (Reuters) - Qatar said on Tuesday it would lend<br /> Egypt's government an additional $2 billion and grant it an<br /> extra $500 million outright, extending a lifeline as the<br /> government battles to contain a currency crisis.</p> <p>Political strife has triggered a rush to convert Egyptian<br /> pounds to dollars over the past several weeks, sending the<br /> currency to a record low against the dollar.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/qatar-says-boosting-aid-egypt-extra-25-bln" target="_blank">read more</a></p> Asia CDATA House of Thani Person Career Qatar Quotation USD Thomson Reuters Tue, 08 Jan 2013 14:08:45 +0000 Thomson Reuters 5731592 at http://www.globalpost.com Qatar throws Egypt $2.5 billion lifeline to prop up pound http://www.globalpost.com/dispatch/news/thomson-reuters/130108/qatar-throws-egypt-25-billion-lifeline-prop-pound <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* Egypt convulsed by dollar rush after political turmoil</p> <p>* Qatar seen as seeking influence in post-Mubarak Egypt</p> <p>* IMF team expected in 2-3 weeks for talks on $4.8 bln loan</p> <p>By Yasmine Saleh and Patrick Werr</p> <p>CAIRO, Jan 8 (Reuters) - Qatar tossed Egypt an economic<br /> lifeline on Tuesday, announcing it had lent Egypt another $2<br /> billion and given it an extra $500 million outright to help<br /> control a currency crisis.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/qatar-throws-egypt-25-billion-lifeline-prop-pound" target="_blank">read more</a></p> Arab world Asia Egypt Hosni Mubarak International Monetary Fund Member states of the Arab League Member states of the Organisation of Islamic Cooperation Member states of the United Nations Middle East Middle Eastern countries Qatar USD Western Asia Thomson Reuters Tue, 08 Jan 2013 16:00:27 +0000 Thomson Reuters 5731665 at http://www.globalpost.com Egypt to offer $1 billion in dollar-denominated T-bills http://www.globalpost.com/dispatch/news/thomson-reuters/130110/egypt-offer-1-billion-dollar-denominated-t-bills <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>CAIRO, Jan 10 (Reuters) - Egypt's Finance Ministry said on Thursday it would offer $1 billion of one-year treasury bills for auction on Jan. 14, effectively rolling over maturing U.S. dollar-denominated bills from last year.</p> <p>The new bills will be issued on Jan. 15. Last year's bills, also totalling $1 billion, are due to mature on Jan. 18.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/egypt-offer-1-billion-dollar-denominated-t-bills" target="_blank">read more</a></p> Politics USD Thomson Reuters Thu, 10 Jan 2013 14:47:57 +0000 Thomson Reuters 5732632 at http://www.globalpost.com Egypt c.bank official says $2 bln Qatari loan arrived in Dec http://www.globalpost.com/dispatch/news/thomson-reuters/130110/egypt-cbank-official-says-2-bln-qatari-loan-arrived-dec <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>CAIRO, Jan 10 (Reuters) - The sub-governor of Egypt's central bank said on Thursday that $2 billion in new funds that Qatar announced this week it pledged to Cairo had arrived at the bank in December.</p> <p>When asked by email if the deposit arrived in January or December, Nidal Assar, the bank's sub-governor for investment and foreign relations, replied: "December".</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/egypt-cbank-official-says-2-bln-qatari-loan-arrived-dec" target="_blank">read more</a></p> Arab world Asia Middle East USD Thomson Reuters Thu, 10 Jan 2013 14:46:02 +0000 Thomson Reuters 5732611 at http://www.globalpost.com UPDATE 2-Egypt signals $2 bln Qatar loan already spent http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-2-egypt-signals-2-bln-qatar-loan-already-spent <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Analysts say this sign dollarisation was high in December</p> <p>* Turkey said to have sent Egypt $500 mln on Thursday</p> <p>* Egypt pound continues to slide</p> <p>* C.bank has spent almost $520 mln at auctions in 2 weeks</p> <p>By Ehab Farouk and Patrick Werr</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-2-egypt-signals-2-bln-qatar-loan-already-spent" target="_blank">read more</a></p> Asia Economics International relations USD Thomson Reuters Thu, 10 Jan 2013 16:45:52 +0000 Thomson Reuters 5732715 at http://www.globalpost.com "Gone Girl" takes top spot on U.S. bestseller list http://www.globalpost.com/dispatch/news/thomson-reuters/130110/gone-girl-takes-top-spot-us-bestseller-list <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>Jan 10 (Reuters) - Gillian Flynn's novel "Gone Girl" snatched the No. 1 spot on Publishers Weekly's bestseller list on Thursday from author John Grisham, whose newest work dropped to No. 3. The list is compiled using data from independent and chain bookstores, book wholesalers and independent distributors nationwide. Hardcover Fiction Last Week 1. "Gone Girl" by Gillian Flynn (Crown, $25.00) 2 2. "Empire and Honor" by W. E. B. Griffin (Putnam, $27.95) - 3.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/gone-girl-takes-top-spot-us-bestseller-list" target="_blank">read more</a></p> Bestseller Entertainment Nielsen BookScan USD Thomson Reuters Thu, 10 Jan 2013 19:15:52 +0000 Thomson Reuters 5732806 at http://www.globalpost.com CORRECTED-Saudis will give $100 million to Palestinians http://www.globalpost.com/dispatch/news/thomson-reuters/130116/saudis-will-give-100-million-palestinians <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Corrects paragraph 10 to read Arabs gave "much" not "most" of foreign aid in 2012)</p> <p>RAMALLAH, West Bank, Jan 16 (Reuters) - Saudi Arabia will give the Palestinian government in the Israeli-occupied West Bank $100 million to help alleviate a worsening budget crisis, the Palestinian president's office said on Wednesday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130116/saudis-will-give-100-million-palestinians" target="_blank">read more</a></p> Business Palestinian nationalism Palestinian territories USD War Western Asia Thomson Reuters Wed, 16 Jan 2013 19:22:45 +0000 Thomson Reuters 5735123 at http://www.globalpost.com