07/29/2010 12:14 PM
[$$] Santander s Net Slips as Spain Weighs (at The Wall Street Journal)
Spain Weighs on Santander Net Banco Santander said that its second-quarter net profit fell 8%, as a drop in profit in continental Europe offset higher earnings at its Latin American and U.K. operations.

07/29/2010 12:11 PM
Avon profit doubles, driven by emerging markets (at MarketWatch)
Avon Products Inc., the largest direct seller of beauty products, said that its second-quarter profit doubled as demand in developing markets from Brazil to South Africa helped to offset a decline in the U.S.

07/29/2010 11:59 AM
Canadian stocks reverse earlier gains (at MarketWatch)
Canadian stocks on Thursday reversed gains from earlier in the session, mirroring a declining U.S. market. The S&P/TSX Composite Index dropped 24 points, or 0.2%, to 11,673. The energy sector, which had been one of the leading supporters earlier, also fell.

07/29/2010 11:59 AM
London Markets: U.K. stocks drift to lower close (at MarketWatch)
British shares erased an early advance Thursday, drifting to a lower close as nervousness ahead of U.S. economic data outweighed strong earnings-inspired gains by AstraZeneca and BT Group.

07/29/2010 11:46 AM
CANADA STOCKS-TSX lower on weak energy shares, miners (at Reuters)
Toronto s main stock index turned negative on Thursday morning, led lower by weakness in energy and mining issues. The Toronto Stock Exchange s S&P/TSX composite index fell 1.90 points to 11,694.73.

07/29/2010 11:43 AM
Europe shares close lower as Wall Street retreats (at Reuters)
European shares closed lower on Thursday, with heavyweight banks among the biggest fallers, mirroring weakness on Wall Street and erasing gains from earlier in the session following upbeat corporate earnings.

07/29/2010 11:42 AM
German Business Chiefs Criticize China (at BusinessWeek)
At a weekend roundtable in Xian, the chairman of BASF and the CEO of Siemens faulted China for favoring indigenous suppliers and other forms of alleged bias

07/29/2010 11:42 AM
Critics Slam EU-Brazil African Biofuel Plan (at BusinessWeek)
Non-profit groups fault a joint program by Brazil and the European Union to develop biofuel production in Africa as bad energy and development policy

07/29/2010 11:41 AM
EU Could Hit China Net Censorship via WTO (at BusinessWeek)
Though playing down the prospect of imminent action, European officials say Chinese restrictions on the Internet could be framed as a barrier to free trade

07/29/2010 11:41 AM
Europe to Help Russia Modernize Economy (at BusinessWeek)
Brussels and Moscow are racing to devise a plan by the end of May for how the EU can help Russia develop its economy beyond energy and natural resources

07/29/2010 11:41 AM
France Hits at U.K. Euro Aid Demurral (at BusinessWeek)
So much for entente cordiale: A senior French official slammed Britain s refusal to aid the euro, saying Europe will return the favor when markets turn on the pound

07/29/2010 11:38 AM
Poll: Romanian government popularity slips (AP)
A poll published Thursday shows a slide in the popularity of Romanian leaders after the government recently imposed tough economic measures to ease the recession-mired economy.

07/29/2010 11:35 AM
Analysis: Colombia dispute helps Chavez distract (AP)
Venezuela s diplomatic fight with Colombia comes at an opportune time for Hugo Chavez, who could benefit politically if he manages to shifts voters attention away from a recession, Latin America s highest inflation and rampant crime.

07/29/2010 11:25 AM
[$$] Asia s Bond Issuers Target Record Year (at The Wall Street Journal)
Asia s Bond Issuers Target Record Year Expectations that interest rates in the U.S. and Europe will stay ultra-low for many more months has investors sending cash to Asia, where borrowers offer higher rates.

07/29/2010 11:21 AM
Australia adopts new sanctions against Iran (AP)
Australia will impose new sanctions against Iran, including restrictions for the first time on business dealings with that country s oil and gas sector, the country s foreign minister said Thursday.

07/29/2010 11:18 AM
Europe shares pare gains as Wall Street slips (at Reuters)
European shares turned lower in late afternoon trade on Thursday, mirroring weakness on Wall Street where shares pared earlier gains, with heavyweight banks among the fallers.

07/29/2010 11:12 AM
RPT-UPDATE - BP pushes on with asset sales in Asia, Latam (at Reuters)
* Advisers picked to handle Vietnam, Colombia sales -sources * Russia s TNK-BP in talks over Venezuelan assets

07/29/2010 10:55 AM
Fitch downgrades Vietnam s credit rating (at Financial Times)
Fitch, the credit rating agency, yesterday downgraded Vietnam s sovereign debt, sparking rare criticism from the Asian Development Bank and other analysts who said the country s economy was looking up.

07/29/2010 10:53 AM
TNK-BP Eyeing BP s Venezuela Assets (at New York Times)
TNK-BP, the Russian joint venture of the troubled oil giant, said Thursday that it was interested in the Venezuelan assets of BP, which is in the process of selling off up to $30 billion in holdings in the wake of its Gulf of Mexico oil spill.

07/29/2010 10:52 AM
Italy approves 25 billion euro austerity plan (at MarketWatch)
Italy s lower house of parliament approved on Thursday a fiscal consolidation package totalling 25 billion euros for 2011 and 2012, according to media reports. In response, Standard & Poor s Ratings Services said that Italy s sovereign credit ratings are supported by the austerity program.

07/29/2010 10:50 AM
Cameron Backs the Turks, Rattles the EU (at BusinessWeek)
The British PM says it s time Turkey got into the European Union

07/29/2010 10:50 AM
Spain reissues US troop warrants over Iraq death (AP)
A Madrid judge reissued arrest warrants Thursday for three U.S. servicemen over the death of a Spanish journalist killed by American tank fire in Iraq in 2003.

07/29/2010 10:49 AM
Second U.S. sailor s remains found in Afghanistan (Reuters)
The body of a second U.S. sailor who went missing in Afghanistan last week has been recovered, an Afghan police chief said on Thursday.

07/29/2010 10:47 AM
Canadian stocks up on rise in energy, financials (at MarketWatch)
Canadian stocks jumped Thursday, reversing prior-session declines and receiving support from the energy and financials sectors. The S&P/TSX Composite Index added 61 points, or 0.5%, to 11,758.

07/29/2010 10:45 AM
Protesters attack Russian town hall to save forest (AP)
A band of 100 masked people staged a violent environmental protest in a quiet Moscow suburb, hurling Molotov cocktails and fireworks at city hall while objecting to plans for clearing a local forest for highway construction, Russian police said.

07/29/2010 10:42 AM
London Markets: AstraZeneca, Reed Elsevier help drive U.K. advance (at MarketWatch)
British shares post a mild advance, with Reed Elsevier, AstraZeneca, Rolls-Royce and BAE Systems all outperforming the broader market after updating investors on earnings.