Economics

Geithner’s Book to Tackle His Image as Wingman of Wall Street

2014-02-26 08:31:16

Timothy Geithner’s memoir will explain his decisions during the global financial crisis, tackle any misperceptions and describe surviving a political firestorm from Wall Street to Main Street, he said.

Tarullo Backs Option of Using Rates Against Price Bubbles

2014-02-26 08:30:24

Federal Reserve Governor Daniel Tarullo said central bankers must preserve the option of using interest rates to lean against dangerous financial bubbles even as they strengthen supervisory tools to curtail systemic risk.

Rajan Diverges With Chidambaram on Inflation as Growth Wanes

2014-02-24 08:46:00

Indian central bank Governor Raghuram Rajan warned that inflation remained the biggest threat to growth, diverging from the nation’s finance chief, who highlighted diminishing price pressures.

Ukraine Interim Leader Warns of Economic Danger

2014-02-24 08:45:22

Ukrainian parliament Speaker Oleksandr Turchynov, handed presidential powers as lawmakers prepare to form a coalition government, warned that the economy was in a “pre-default situation.”

Newmont, Freeport Still in Export Talks With Indonesia

2014-02-21 09:01:37

Newmont Mining Corp. (NEM) and Freeport-McMoRan Copper & Gold Inc. (FCX) said they are still in talks with the government about resuming copper exports after the country granted approval for nine other companies.

U.S. Crop Planting Will Ease, Prices to Drop, Agency Forecasts

2014-02-21 09:01:01

U.S. planting of eight major crops will decline 0.7 percent in 2014 to the fewest acres since 2010, and prices of corn, soybeans and wheat cotton will fall for the second straight year, the government said.

WTI Crude Set for Weekly Gain on Cold U.S. Weather; Brent Rises

2014-02-21 09:00:19

West Texas Intermediate crude headed for a sixth weekly gain, the longest rising streak in a year, as cold weather in the U.S. bolstered demand for heating fuels in the world’s biggest oil consumer. Brent increased.

DuPont Seed Sales Slowed as Ukraine Violence Intensifies

2014-02-21 08:59:51

DuPont Co. (DD)’s seed deliveries are being harmed by unrest in Ukraine, the world’s third-largest corn exporter, while agriculture companies such as Cargill Inc. are monitoring the intensifying anti-government insurgency.

Singapore Economy Grew Last Quarter After Production Pick-Up

2014-02-20 09:31:22

Singapore’s economy expanded last quarter after a pick-up in manufacturing at the year end, with the government predicting an improvement in overseas demand in 2014 amid a global recovery.

Japan Trade Deficit Swells to Record as Import Costs Surge

2014-02-20 09:30:46

Japan’s trade deficit widened to a record in January as surging import costs weigh on Prime Minister Shinzo Abe’s campaign to drive a sustained recovery.

Fortescue First-Half Iron Ore Profit Misses Analyst Estimates

2014-02-19 10:16:09

Fortescue Metals Group Ltd. (FMG), Australia’s third-biggest iron ore producer, said first-half profit gained more than threefold, missing analyst estimates, after expanding output at its operations in Western Australia.

Coffee to Soybeans Surge as Brazil Drought Damages Crops

2014-02-19 10:15:23

Coffee jumped the most in a decade, soybeans reached the highest since December and sugar rallied as drought scorches fields in Brazil, the world’s biggest exporter of the crops.

Sugar Crop Tumbling to Four-Year Low in India May Cut Glut

2014-02-19 10:14:21

Sugar output in India, the largest producer after Brazil, may tumble to the lowest in four years after excessive rains in the biggest growing region cut yields and some farmers diverted the crop to make a local sweetener.

BHP First-Half Profit Gains 31% on Iron Ore, Lower Costs

2014-02-18 10:34:22

BHP Billiton Ltd. (BHP), the world’s biggest mining company, said first-half profit rose a more-than-expected 31 percent as its iron ore earnings gained and costs declined, driven by improving global economic growth.

Alcoa to Close Uneconomic Australian Smelter, Rolling Mills

2014-02-18 10:33:40

Alcoa Inc. (AA), the largest U.S. aluminum producer, will close its uneconomic Point Henry smelter in Australia and two rolling mills hurt by excess capacity for materials used to make cans.

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