The Other Side of Life 24/7: Daily Investor Briefing: Third-quarter GDP revised higher as...

Thursday, December 5, 2013

Daily Investor Briefing: Third-quarter GDP revised higher as...

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12/5/2013

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Third-quarter GDP revised higher as inventories bulge

WASHINGTON (Reuters) - The U.S. economy grew faster than initially estimated in the third quarter but weak demand and a pile-up in business inventories buoyed the case for the Federal Reserve to keep up its bond-buying stimulus for now.

Fed uncertainty sends the Dow, S&P 500 down for fifth day

NEW YORK (Reuters) - U.S. stocks fell on Thursday, with the Dow and S&P 500 dropping for a fifth straight session after a round of mixed economic data left traders guessing as to when the Federal Reserve would begin to slow its stimulus program.

Deutsche Bank quits commodities under regulatory pressure

LONDON (Reuters) - Deutsche Bank pulled the plug on its global commodities trading business on Thursday, cutting 200 jobs as it becomes the first major bank to exit the once lucrative sector due to toughening regulations and diminished profits.

Investment into emerging markets to fall in 2014: World Bank

WASHINGTON (Reuters) - Foreign direct investment into emerging markets should decline next year because of persistent concerns about the global economy, the World Bank's political risk insurance arm said on Thursday.

Investors dismayed as new Barrick chairman talks diversification

TORONTO (Reuters) - Barrick Gold Corp investors have taken in stride news that the world's largest gold producer may consider hedging its gold exposure, but they are roundly panning its plan for more diversification into other commodities.

As workforce shrinks, Korea struggles to embrace immigration

SEOUL (Reuters) - For 61-year old construction worker Chae Chang-geun, an ethnic Korean from China, Seoul is a place to make money but not a place to call home.

Securities trade group urges hardware revamp after Nasdaq August halt

NEW YORK (Reuters) - A trade association for the securities industry said on Thursday it is time to revamp how the hardware behind the trading halt in Nasdaq stocks in August is governed, a move that would likely reduce their control by the two leading U.S. stock exchange operators.

Haunted by old pledges, Airbus aims to boost A340 value

PARIS (Reuters) - Airbus and its engine makers have acted to try to shore up the value of second-hand A340 aircraft as the European planemaker tries to reduce its financial exposure to depressed market prices of an aircraft that it no longer produces.

Euro zone officials to meet on banking union on Friday: report

BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble has invited euro zone officials to a meeting in Berlin on Friday in a bid to come closer to a solution on a planned European resolution mechanism to deal with troubled banks, a German newspaper said on Friday.

Swiss banks prepare to bow to U.S. demands, grudgingly

ZURICH/WASHINGTON (Reuters) - Switzerland's private banks have until Monday to decide whether to bow to U.S. pressure and ditch the centuries-old culture of secrecy that has made the Alpine state a global vault for the world's rich.