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Monday, September 10, 2012

Reuters Money: Euro zone sentiment rises for first time since March

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09/10/2012

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Euro zone sentiment rises for first time since March

BERLIN (Reuters) - Euro zone investor sentiment improved this month for the first time since March thanks to the European Central Bank's plans to rescue the common currency, Sentix research group said on Monday.

Hermes sees rebound in commodity investment

LONDON (Reuters) - Hermes Fund Managers is seeing renewed interest in commodity investments among pension funds and other institutions seeking a hedge against inflation after flows into long-only funds dried up earlier in the year when markets dropped sharply.

IStar Financial in $29 million settlement

(Reuters) - The finance company iStar Financial Inc has reached a $29 million settlement, mainly covered by insurers, to settle claims that it concealed the impact of deteriorating credit market conditions from investors who participated in a December 2007 stock offering, court papers show.

Retail executives face turbulence heading into holidays

(Reuters) - Shoppers the world over are stressed and forcing retail executives to be both more aggressive and more conservative heading into the year-end holiday period and new year.

Investors cash-in on land deals as U.S. housing picks up

NEW YORK (Reuters) - From the outskirts of Las Vegas to the coast of California, stretches of undeveloped land in some of the most depressed housing markets in the U.S. are in high demand.

Modern Etiquette: "Seats of Power" in business entertaining

WASHINGTON (Reuters) - In the business world so much energy goes into getting it right at the negotiating table even the savviest business executive can forget how to play it smart at another equally important table: The dining table. And I'm not talking about silencing your phone during a meal and knowing which fork to use.

France's richest man applies to be Belgian, says not a tax move

PARIS (Reuters) - Bernard Arnault, France's richest man and chief executive of luxury group LVMH, said on Saturday he had applied for Belgian nationality, citing personal and business reasons.

Local public pension funding ratios up to 80 percent: survey

(Reuters) - Large local public pension funds in the United States were, on average, 80 percent funded as of June 30, 2011, up from an average of 72 percent the previous year, according to a survey of plans released on Monday by Wilshire Associates.

Jobs rut tips scales in favor of Fed stimulus

WASHINGTON (Reuters) - The Federal Reserve looks set to launch a third round of bond purchases this week to try to drive borrowing costs lower and breathe more life into an economy that is not growing fast enough to lower unemployment.