Chinese official says no need to speed renminbi rise
LONDON (Reuters) - China need not accelerate the appreciation of its renminbi currency against the US dollar, the Financial Times quoted a senior Chinese economic policy-maker as saying.
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Chinese official says no need to speed renminbi rise
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Commerzbank to buy Dresdner, axe 9,000 jobs
FRANKFURT (Reuters) - Commerzbank agreed to buy Dresdner Bank from Allianz on Sunday in a $14.5 billion all-German deal that will break the country’s banking mould and cost 9,000 jobs.
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Commerzbank to buy Dresdner in $15 billion deal
FRANKFURT (Reuters) - Commerzbank agreed to buy Dresdner Bank from Allianz on Sunday in an all-German, cost-saving deal that values Dresdner at $15 billion and breaks the country’s rigid banking mould.
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U.S. Gulf oil output at a trickle ahead of Gustav
HOUSTON (Reuters) - U.S. energy companies shut nearly all offshore oil production and were racing to bring down flood-prone Louisiana refineries on Sunday ahead of Hurricane Gustav’s landfall, which could rival the wrath of 2005’s Hurricane Katrina.
Originally posted here: U.S. Gulf oil output at a trickle ahead of Gustav
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Allianz says sells Dresdner Bank to Commerzbank
FRANKFURT (Reuters) - Allianz SE says Allianz sells Dresdner Bank to Commerzbank and will become the largest
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Alitalia faces key union talks as rescue takes off
MILAN (Reuters) - Alitalia’s unions will hold talks with the government on Monday on a rescue plan for the airline and on job losses — which a minister said could be under 5,000 — after it sought bankruptcy protection on Friday.
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Gustav shutters refineries, offshore platforms
HOUSTON (Reuters) - Energy companies rushed to shut down offshore production platforms and flood-prone refineries on Sunday ahead of Hurricane Gustav’s landfall, which could rival the wrath of 2005’s Hurricane Katrina.
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Allianz and Commerzbank poised for Dresdner deal
FRANKFURT (Reuters) - Management at Allianz SE and Commerzbank AG sought approval from their supervisory boards on Sunday to sell control of the insurer’s Dresdner Bank to Commerzbank.
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Exxon says 28,000 bpd oil, 180 mmcfd gas shut in Gulf
HOUSTON (Reuters) - Exxon Mobil Corp said 28,000 barrels per day in oil production and 180 million cubic feet per day in natural gas output were shut on Sunday due to Hurricane Gustav.
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Hard-up consumers seen seeking solace in gadgets
BERLIN (Reuters) - Consumer electronic makers are bracing themselves for slower growth in the second half of this year and in 2009, but count on consumers turning to home entertainment amid tougher economic times and tighter budgets.
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Markets closed for Labor Day
U.S. stock markets will be closed Monday for the Labor Day holiday. Trading will resume Tuesday. Look for all the Business news in Wednesday’s Star-Ledger….
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Most U.S. Gulf oil output shut as Gustav threatens
HOUSTON (Reuters) - Energy companies shut down three-quarters of U.S. Gulf of Mexico oil production on Saturday to prepare for the worst hurricane to hit the U.S. oil patch since 2005, and coastal refineries braced for possible floods.
Excerpted from:Most U.S. Gulf oil output shut as Gustav threatens
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Prince returns to tennis prominence
Tucked away in a corner of central New Jersey, hidden in a bland office park near the truckstop at Exit 7 on the Turnpike, a corporate resurgence is taking place that is being felt as far away as Paris, Moscow…
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Seeking an end to overdraft fee frustration
In Jeffrey Laylon’s estimation, he’s racked up thousands of dollars in overdraft fees from his bank over the years, triggered when the balance in his personal or business checking accounts weren’t enough to cover his obligations. “I keep very little…
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Fall investment preview
Who knew U.S. presidential candidates Barack Obama and John McCain could be economic indicators? Investors will be watching how the two candidates’ tax and spending plans will affect stock and bond prices after the conventions wrap up next week. But…
Read the rest here: Fall investment preview
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