Financial Resources 101

Venezuela OKs payment for French retailer Casino (Reuters)

admin — Sun, 05 Sep 2010 04:09:56 +0000

Reuters – Venezuelan President Hugo Chavez has approved a $690 million payment to French retailer Casino and other owners of a supermarket chain nationalized earlier this year, state media said on Saturday.

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Venezuela OKs payment for French retailer Casino
(Reuters)

Trichet calls for united EU at the IMF (AFP)

Sun, 05 Sep 2010 00:58:55 +0000

AFP – European Central Bank chief Jean-Claude Trichet called Saturday for Europe to hold a united position on refomin the International Monetary Fund.

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Trichet calls for united EU at the IMF
(AFP)

EU decision on support for banks due November: commissioner (AFP)

admin — Sat, 04 Sep 2010 23:11:18 +0000

AFP – Brussels will say in November if it is to extend support for troubled European banks, but will move more quickly on the troubled Anglo Irish Bank, the EU’s competition commissioner said Saturday.

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EU decision on support for banks due November: commissioner
(AFP)

Anglo Irish Bank to be "decommissioned": minister (Reuters)

admin — Sat, 04 Sep 2010 17:32:16 +0000

Reuters – Nationalized Anglo Irish Bank will be “decommissioned,” with a decision on its fate expected within a few weeks, a junior government minister was quoted on Saturday as saying.

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(Reuters)">Anglo Irish Bank to be "decommissioned": minister
(Reuters)

Obama says his economic policies halted "bleeding" (Reuters)

Sat, 04 Sep 2010 17:01:58 +0000

Reuters – President Barack Obama, previewing a big push on the U.S. economy next week, on Saturday defended policies that he said “have stopped the bleeding” and put the middle class on the road to recovery.

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(Reuters)">Obama says his economic policies halted "bleeding"
(Reuters)

BP raises blowout preventer, key evidence in probe (AP)

Sat, 04 Sep 2010 15:03:56 +0000

AP – BP PLC was on Saturday slowly raising the 300-ton blowout preventer that failed to stop oil from spewing into the Gulf of Mexico, careful not to damage or drop a key piece of evidence in the spill investigation.

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BP raises blowout preventer, key evidence in probe
(AP)

BP replaces failed blowout preventer on Gulf well (Reuters)

publisher — Sat, 04 Sep 2010 12:16:47 +0000

Reuters – BP Plc successfully replaced a failed blowout preventer from atop its ruptured Gulf of Mexico oil well late on Friday, the top U.S. official overseeing the spill response said.

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BP replaces failed blowout preventer on Gulf well
(Reuters)

Japan Noda warns on yen, suggests joint steps difficult (Reuters)

publisher — Sat, 04 Sep 2010 10:50:28 +0000

Reuters – Japanese Finance Minister Yoshihiko Noda said on Saturday Tokyo would take decisive steps to stem the yen’s rise when needed, while suggesting that coordinated currency market intervention was a difficult option.

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Japan Noda warns on yen, suggests joint steps difficult
(Reuters)

China tells state companies to explore Potash bid (Reuters)

admin — Sat, 04 Sep 2010 10:09:42 +0000

Reuters – Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton’s $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.

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China tells state companies to explore Potash bid
(Reuters)

Exclusive: American Apparel in talks with restructuring firm (Reuters)

Sat, 04 Sep 2010 08:38:15 +0000

Reuters – Hipster brand American Apparel Inc is in talks to bring in an outside restructuring firm as the manufacturer and retailer struggles to fix its flagging operations, sources told Reuters on Friday.

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Exclusive: American Apparel in talks with restructuring firm
(Reuters)