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Monday, January 16, 2012

Business Today: Global shares, euro steady after S&P but outlook weak

Reuters
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01/16/2012
News Good Morning
LATEST NEWS
Global shares, euro steady after S&P but outlook weak
LONDON (Reuters) - European shares and the euro recovered from early losses on Monday in the wake of a mass downgrade of euro zone sovereign ratings, but trading was choppy with U.S. markets closed and the outlook for Greek debt talks uncertain. | Full Article
S&P, Greece pressure euro zone to boost defenses
January 16, 2012 08:34 AM ET
LONDON (Reuters) - Mass euro zone ratings downgrades are unlikely to shake up investors too much, but with Greek debt talks at an impasse, pressure has been loaded on the bloc to shore up its defenses and glimmers of optimism from last week have been firmly doused. | Full Article
Carnival and cruise sector count cost of disaster
January 16, 2012 08:18 AM ET
LONDON (Reuters) - The cruise ship industry faces an uphill task to restore confidence among customers spooked by spectacular images of the stricken Costa Concordia flipped on its side and could suffer a major hit to sales in a key booking period. | Full Article
Wary banks boost ECB deposits; reserve change due
January 16, 2012 05:52 AM ET
FRANKFURT (Reuters) - Commercial banks parked almost half a trillion euros at the European Central Bank, the highest on record, as the mix of debt crisis worries and a recent giant injection of ECB cash left banks awash with money but too scared to lend it. | Full Article
Analysis: China developers launch funds to bridge finance gap
January 15, 2012 11:46 PM ET
BEIJING (Reuters) - China's fledgling real estate investment fund market could see a surge of activity in 2012 as property developers launch their own vehicles in a desperate bid to bridge an estimated $111 billion financing gap in the year ahead. | Full Article
US TOP NEWS
Rescue on Italian cruise ship halted
January 16, 2012 08:36 AM ET
GIGLIO, Italy (Reuters) - Italian rescuers suspended efforts to find survivors Monday as the hulk of a giant cruise liner slipped in worsening weather on the steep rocky underwater slope on which it is lodged off Italy's west coast. | Full Article
Huntsman to quit presidential race
January 16, 2012 07:22 AM ET
MYRTLE BEACH, South Carolina (Reuters) - Republican presidential hopeful Jon Huntsman will drop out of the White House race on Monday and endorse front-runner Mitt Romney, a senior campaign official said. | Full Article
Greek PM confident debt talks will be clinched in time
January 16, 2012 07:26 AM ET
ATHENS (Reuters) - Greek Prime Minister Lucas Papademos promised a debt swap would be clinched in time and dispatched senior officials to Washington on Monday to break a deadlock in talks that has prompted new fears of a disorderly default. | Full Article
Crisis kills revival in Europe microcosm Belgium
January 16, 2012 06:44 AM ET
ANTWERP, Belgium (Reuters) - The stunning, narrow 16th century Gothic houses in the centre of Antwerp are dwarfed by the nearby modern port, which stretches to the size of 22,000 soccer pitches. | Full Article
Bomb material found in Thailand after terror warnings
January 16, 2012 08:19 AM ET
BANGKOK (Reuters) - Thai police discovered bomb-making materials after the detention of a Lebanese man suspected of planning an attack, but the prime minister insisted on Monday that everything was under control. | Full Article
HEALTH NEWS
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China cancer village tests reach of law against pollution
New app adds incentives to go to the gym
Magnesium-rich diet may lower stroke risk: study
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