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Thursday, November 22, 2012

Business Today: Global shares gain as global economic outlook improves

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11/22/2012
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Global shares gain as global economic outlook improves
LONDON (Reuters) - World share markets extended a week-long rally on Thursday as manufacturing surveys in China and the United States boosted confidence in global growth and euro zone data at least did not worsen the already weak outlook for that region.
Holiday shopping marathon starts as consumer sentiment shaky
NEW YORK (Reuters) - Add this to the list of things some people are thankful for: stores open on Thanksgiving Day. That's how Janet Guerrero, 24, felt when shopping on Thursday afternoon at a Wal-Mart in Westbury, Long Island, because she had nothing to wear to dinner. "It's an emergency," she said.
Euro zone faces deepest downturn since early 2009
LONDON (Reuters) - The euro zone economy is on course for its weakest quarter since the dark days of early 2009, according to business surveys that showed companies toiling against shrinking order books in November.
Irish charms keep U.S. giants sweet for now
DUBLIN (Reuters) - U.S. business chiefs gathered in the Irish capital on Thursday to give thanks for low taxes, a cool climate and the financial crisis - three factors that have helped produce a bumper year in their favorite corner of Europe.
Analysis: China car market may require "Two Fords"
DETROIT (Reuters) - Six years ago, the "One Ford" mantra saved Ford Motor Co from collapse. Now, Chief Executive Alan Mulally's unified global product strategy is facing a formidable test: winning over first-time Chinese buyers such as Zhang Haifeng.
Italian financier Proto under investigation for market rigging: sources
MILAN (Reuters) - Italian financier Alessandro Proto, who has announced offers for stakes in some of Italy's top companies, has been placed under investigation for alleged market rigging, judicial sources said on Thursday.
EU steelmakers unhappy with EU conditions on Glenstrata deal
LONDON (Reuters) - EU steelmakers said Europe's antitrust conditions for Glencore to go ahead with its $33 billion takeover of Xstrata are not sufficient to prevent the dominant influence of one zinc supplier.
Spain starts 2013 funding with 3.9 billion-euro bond sale
MADRID (Reuters) - Spain sold nearly 4 billion euros of bonds with ease at an auction on Thursday that kicked off its funding program for a daunting 2013 when Madrid must shoulder regional debt needs and will struggle to meet deficit targets.
Coal baron Tinkler's holding company pays creditors at 11th hour
SYDNEY (Reuters) - The holding company of Australian mining magnate Nathan Tinkler looked set to avoid a winding-up claim after paying a creditor A$160,000 ($165,500) on Thursday, hours before a court hearing to consider appointing liquidators for the third time this week.
France should study takeover of ArcelorMittal plant: minister
PARIS (Reuters) - France's industry minister said on Thursday that the government should consider a takeover of two threatened French blast furnaces at ArcelorMittal's Florange steel plant, as it tries to prop up the country's struggling industrial sector.
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