Business News

Mon, February 06, 2012

S&P downgrades Belize, sees possible debt default

NEW YORK (Reuters) - Standard & Poor's on Monday downgraded Belize's credit ratings deep into junk territory, warning that the country appears to be ...

Mon, February 06, 2012

Fed should raise rates in 2013, Bullard says

By Ann Saphir

CHICAGO (Reuters) - The Federal Reserve should start raising interest rates next year, a top Fed official said on Monday, arguing that ...

Mon, February 06, 2012

Boeing shares slip as it addresses 787 issues

By Kyle Peterson

(Reuters) - Boeing Co shares slipped on Monday, the day after the plane maker said it must correct a fuselage support structure ...

Mon, February 06, 2012

Humana forecast is below Street view; shares fall

By Lewis Krauskopf

(Reuters) - Humana Inc reported a quarterly profit that met analyst estimates, but the health insurer failed to raise its full-year forecast ...

Mon, February 06, 2012

Julius Baer ready to pay fine to avert U.S. probe

By Martin de Sa'Pinto and Katharina Bart

ZURICH (Reuters) - Julius Baer is prepared to pay a fine to escape an escalating U.S ...

Mon, February 06, 2012

China growth could halve if Europe crisis worsens: IMF

BEIJING (Reuters) - China's annual economic growth could be cut nearly in half this year if Europe's debt crisis tips the world economy ...

Mon, February 06, 2012

Analysis: Italy charm offensive more style than substance

By Gavin Jones

ROME (Reuters) - The enthusiasm surrounding Mario Monti is excessive. He has not had time to address Italy's problems seriously, never ...

Mon, February 06, 2012

Glencore, Xstrata hammer out premium as deal nears

By Victoria Howley and Clara Ferreira-Marques

LONDON/CAPE TOWN (Reuters) - Top executives at Glencore and Xstrata are hammering out the final details of a ...

Mon, February 06, 2012

Europe's debt rose to 82 percent of output at end-Q3

BRUSSELS (Reuters) - The European Union's total government debt rose slightly to 82.2 percent of economic output in the third quarter of 2011 ...

Mon, February 06, 2012

Citi gets approval to issue credit cards in China

By Kazunori Takada

SHANGHAI (Reuters) - The China unit of Citigroup Inc said on Monday that it has received regulatory approval to issue credit cards ...