Archive for the 'Economy / Market' Category

Iraqi gas to launch Nabucco by 2014: Botas source

By Orhan Coskun ANKARA (Reuters) – Gas from Iraq’s Kurdish region would allow the Nabucco gas pipeline project to move gas to Europe by 2014, an official at Turkish state pipeline operator Botas, which is also a Nabucco shareholder, said on Sunday.

Government Money Is a Toxic Asset

By David Ignatius Remember those “toxic assets” that were clogging the financial system a few months ago? Well, despite all the billions in government bailout programs, they’re mostly still there.

NYMEX-Crude ends down sharply on demand worries

* Wall Street down as bank, energy shares fall * Dollar up on global economic prospect worries NEW YORK, May 15 (Reuters) – US crude oil futures ended almost 4 percent lower on Friday amid demand worries following a pullback on Wall Street and as the …

SEC Chief Mary Schapiro: The Watchdog’s New Teeth

By Maria Bartiromo As the dimensions of the financial crisis grew ever larger, the effectiveness of the Securities & Exchange Commission grew ever more dubious.

China data to show sharp drop in foreign direct investment

By Chris Oliver, MarketWatch HONG KONG (MarketWatch) — Investment by foreign companies into China reportedly fell sharply in April, extending a downtrend seen since the start of the year as the financial turmoil crimped spending on factories, …

Wal-Mart vs. Whole Foods

Tough times have hurt high-end grocers like Whole Foods more than discounters like Wal-Mart. But the organic chain may be adjusting better than many expected By Ben Steverman In 2008, as the recession deepened, shares of high-end grocer Whole Foods …

Hate goes viral on social network sites – report

By Claudia Parsons NEW YORK, May 13 (Reuters) – Militants and hate groups increasingly use social networking sites such as Facebook, MySpace and YouTube as propaganda tools to recruit new members, according to a report by the Simon Wiesenthal Center.

US DOT to sack slot auctions in NYC

Transportation Secretary Ray LaHood told members of the Association for a Better New York Wednesday it would not pursue a Bush Administration plan to auction up to 10 percent of takeoff and landing slots at John F. Kennedy International, Newark Liberty ..

US power utilities hail carbon bill compromises

By Timothy Gardner NEW YORK (Reuters) – US electricity generators support compromises being reached by Democrats in the House of Representatives on proposed climate legislation, saying the changes would soften the impact on power bills.

US moving ahead on bank oversight

Treasury chief Geithner says new regulatory structure needs to be ‘cleaner’ and consolidated – says administration will unveil legislation within weeks.

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