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March 5th, 2012

FAKE NEWS for the Zionist agenda

Business News Latest Real-Time Updates

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Business News Headlines – Yahoo! News

AIG selling $6 billion of AIA shares, to repay bail-out

2012-03-05T04:52:26Z

HONG KONG (Reuters) – American International Group (AIG) is looking to raise about $6 billion by selling part of its stake in Asia subsidiary AIA Group in a long-awaited move to help the U.S. insurer repay a federal government bail-out. AIG is offering about 1.7 billion shares in a range of HK$27.15-27.50 per share – a discount of up to 7 percent to Friday’s close of AIA shares, according to a term sheet seen by Reuters on Monday. Trading in AIA shares was suspended. AIG announced the sale, via a placement with institutional investors, in a statement, but did not specify the amount. …

China cuts 2012 growth target to 7.5 percent, stability key

2012-03-05T04:30:47Z

BEIJING (Reuters) – Chinese Premier Wen Jiabao cut his nation’s growth target to 7.5 percent for 2012 to give the economy more room to slow down if needed while the government carries out promised economic and welfare reforms ahead of a looming leadership transition. Speaking at China’s annual parliamentary session, Wen nudged down the target from the longstanding goal of 8 percent annual growth, a move anticipated by investors expecting more focus on economic rebalancing and defusing price pressures. …

Analysis: Out of intensive care, Europe risks chronic illness

2012-03-05T06:52:59Z
BRUSSELS (Reuters) – The euro zone is out of the emergency ward, but it may face a chronic debilitating illness rather than a rapid convalescence. The challenges confronting Europe now are to avoid complacency, rekindle economic growth while cutting debt and prevent national politics pulling the currency area apart. Last week’s European Union summit was the first in two years that was not totally dominated by fire-fighting in the currency bloc’s sovereign debt crisis. The relief was audible. …

JPMorgan star trader set to start hedge fund: report

2012-03-05T00:12:30Z
(Reuters) – A team of top proprietary traders at JPMorgan Chase Co is set to launch what is likely to be one of the largest hedge fund start-ups in 2012, the Financial Times reported on Sunday. London-based Mike Stewart, JPMorgan’s global head of proprietary trading and former head of emerging markets, is expected to start his own hedge fund, Whard Stewart, in the second quarter, the FT cited people familiar with his plans as saying. Stewart’s emerging-markets trading team at the bank is expected to join him, the newspaper said. …

Analysis: Bain investors worry about returns, not Romney

2012-03-04T15:34:55Z

(Reuters) – As Bain Capital LLC prepares to market a multibillion-dollar fund, investors say the private equity firm’s performance is its biggest problem — not the 15 years it was run by presidential hopeful Mitt Romney. Romney’s bid has led to a broad attack on the private equity industry, which is accused of raiding companies and cutting jobs at a time of high unemployment and growing income inequality. …

Wells Fargo to increase international operations: report

2012-03-05T00:35:31Z
LONDON (Reuters) – U.S. bank Wells Fargo has drawn up plans to build up its overseas operations and wants to expand into 20 markets worldwide, the Financial Times reported on Monday. Only 2 percent of the bank’s 260,000 staff is currently based outside the U.S., the newspaper said. Wells Fargo inherited a network of international offices after acquiring rival Wachovia in 2008. The FT said the bank will open corporate banking services in 20 countries including Britain, Germany, China and Australia. …

Weidmann gains traction with policy pushback

2012-03-05T00:14:46Z

FRANKFURT (Reuters) – A German-led faction at the European Central Bank is leading a riposte against the bank’s unprecedented loosening of lending policy and may be pushing at an open door this time after a string of setbacks that left the ECB deeply divided last year. Bundesbank chief Jens Weidmann is leading the charge, pressing for the ECB to think about an exit strategy after it unleashed more than 1 trillion euros into the financial system in the last two months in twin ultra-long funding operations. …

Glencore set to stick to deal terms, focus on growth

2012-03-05T00:10:58Z

LONDON (Reuters) – Commodities trader Glencore will on Monday address the market for the first time since it agreed to buy rival Xstrata , but those hoping for a sweetener alongside its full 2011 earnings are likely to be disappointed. Glencore, the world’s largest diversified commodities trader, released headline numbers last month with news of the planned $90 billion merger, announcing a marginally higher 2011 profit, despite a trading performance battered by cotton losses. …

Deutsche Bank shuffles top Americas MA heads

2012-03-04T22:56:33Z
NEW YORK (Reuters) – Deutsche Bank has shuffled some of its senior U.S. investment bankers, appointing Jim Ratigan as co-head of Americas MA, an internal memo obtained by Reuters showed. Ratigan takes over from Bruce Evans, who will become chairman of Americas MA. Tony Whittemore will remain co-head of Americas MA alongside Ratigan. The memo, emailed on Friday by Deutsche Bank’s global head of MA Henrik Aslaksen, said Evans would continue to be a “critical member” of the Investment Banking Coverage and Advisory senior management team. …

Stocks, the little engine that could

2012-03-05T00:18:58Z

NEW YORK (Reuters) – Stocks have proven the naysayers wrong so far in 2012. And the February jobs report could be just the ticket to keep the bulls going next week. The five-month stock rally has been built on a string of improving economic data that suggests U.S. corporate profit growth will remain intact, according to some analysts. Job growth is a big part of that picture. It has lagged most other parts of the U.S. economy, a point frequently raised by Republican presidential hopefuls. …

Greece may need more help: Austrian chancellor

2012-03-04T20:20:44Z

FRANKFURT/VIENNA (Reuters) – Greece’s second bailout may prove insufficient and a topping up of the euro zone’s permanent bailout fund cannot be ruled out, the Austrian Chancellor was quoted as saying in a newspaper on Sunday. “I would not trust anyone who says that (the help) for Greece is enough,” Werner Faymann said in an interview with Austrian paper Oesterreich. “For Greece it depends on whether they can stick to these measures over several elections.” He also did not rule out extending the European Stability Mechanism (ESM), saying it “may be necessary. …

United hit by delays as glitches beset system merger

2012-03-04T21:36:26Z
NEW YORK/CHICAGO (Reuters) – United Airlines battled service problems including flight delays, faulty kiosks and jammed phone lines this weekend as it worked through technical glitches during its combination of the United and Continental Airlines reservation systems. The airline on Saturday adopted the reservation platform of the former Continental Airlines after the companies merged to form the world’s largest carrier, now known as United Airlines. It is owned by United Continental Holdings Inc . …

Stocks, the little engine that could

2012-03-03T12:32:19Z

NEW YORK (Reuters) – Stocks have proven the naysayers wrong so far in 2012. And the February jobs report could be just the ticket to keep the bulls going next week. The five-month stock rally has been built on a string of improving economic data that suggests U.S. corporate profit growth will remain intact, according to some analysts. Job growth is a big part of that picture. It has lagged most other parts of the U.S. economy, a point frequently raised by Republican presidential hopefuls. …

Berkshire could rise as much as 45 percent: Barron’s

2012-03-04T18:57:45Z
(Reuters) – Shares in Warren Buffett’s Berkshire Hathaway could rise as much as 45 percent, according to a Barron’s story that cites an investor in the company. After a roughly 7 percent decline in the company’s shares over the last 12 months, the stock looks “unusually attractive”, Barron’s said in its March 5 edition. Chief Investment Officer David Rolfe — whose firm Wedgewood Partners owns Berkshire stock — thinks the shares are worth at least $170,000 each, Barron’s said. That would be 44.9 percent higher than the company’s Friday close of $117,350 on the New York Stock Exchange. …

BP’s Cushing-to-Whiting pipeline ramped up ahead of Enbridge

2012-03-04T19:01:23Z
NEW YORK (Reuters) – BP’s pipeline carrying crude from the oil hub of Cushing, Oklahoma, to its refinery in Whiting, Indiana, began increasing rates on Friday, data monitor Genscape said on Sunday. BP’s massive 431,500 barrel-per-day refinery can run both sweet and sour crudes coming from pipelines in both Canada and the United States. The ramp-up in rates on the U.S. line was on Friday, before the Saturday shutdown of part of Canada’s Enbridge 14/16 main Canada-to-the United States pipeline after a fire in Illinois. On Wednesday, rates on BP’s U.S. …

Business – Google News

Brent back near $124 on supply concerns over Iran – Reuters

Moneycontrol.com
Brent back near $124 on supply concerns over Iran
Reuters
* India’s MRPL plans to cut big cuts to Iranian oil imports * China sets 2012 growth target at 7.5 pct * Saudi Arabia ups price of Arab Light crude to Asia clients By Jessica Jaganathan SINGAPORE, March 5 (Reuters) – Brent crude climbed back near $124 …
Oil rises to near $107 in Asia as traders eye simmering tension over Iran …Washington Post
Iran is far from the only threat to oil pricesTelegraph.co.uk

all 204 news articles »

Posted on 5 March 2012 | 6:01 am

China debates the big issues at Party Congress – CNN

The Hindu
China debates the big issues at Party Congress
CNN
By Jaime A. FlorCruz, CNN (CNN) — China’s National People’s Congress meets every five years and brings 3000 delegates together in Beijing’s Great Hall of the People to pass legislation and formalize appointments, among them this year Xi Jinping who is …
China’s Wen reasserts party control over militarySeattle Post Intelligencer
China NPC: Premier Wen: To Aim For 2012 GDP Growth Of 7.5%Fox Business
China Cuts GDP Target as Wen Seeks Sustainable Growth: EconomySan Francisco Chronicle
Wall Street Journal –Reuters –CNN International
all 568 news articles »

Posted on 5 March 2012 | 6:00 am

SingTel to acquire Amobee for $321 million – The Associated Press

Straits Times
SingTel to acquire Amobee for $321 million
The Associated Press
SINGAPORE (AP) — Singapore Telecommunications Ltd. said Monday it plans to acquire mobile advertising company Amobee Inc. for $321 million. SingTel, Southeast Asia’s largest telecom by revenue, plans to complete the purchase by June and leave the …
SingTel unveils new structure and strategy, buys AmobeeReuters
SingTel to buy US firm to boost mobile ad businessAFP
Optus movers closer to SingTel in restructureSydney Morning Herald