Monthly Archives: October 2011

Sometimes I think the euro zone debt crisis is like watching a remake of the Bill Murray classic Groundhog Day, with the screenplay written by Financial Times correspondents. I wake up and read the news coming from Europe: worries mount … Continue reading →

SHANGHAI – PetroChina Ltd., China’s biggest oil and gas company, saw its third-quarter profit jump 7.8 percent as higher crude oil prices and output helped to offset losses in its refining business. The Beijing-based company reported Thursday a profit of … Continue reading →

SAN FRANCISCO (Reuters) – California Governor Jerry Brown on Thursday unveiled a major overhaul of the pension plan for the state’s public employees, proposing they equally share the cost of pension contributions and raising the retirement plan for most new … Continue reading →

SEOUL (Reuters) – Samsung Electronics Co overtook Apple Inc as the world’s top smartphone maker in the July-September period with a 44 percent jump in shipments, and forecast strong sales in the current quarter in a clear warning to its … Continue reading →

CHICAGO/NEW YORK (Reuters) – Some customers are moving money away from struggling futures brokerage MF Global Holdings Ltd, according to hedge funds, rivals, and analysts, though the extent of the outflows is unclear. Any substantial departures will likely put further … Continue reading →

HONG KONG (Reuters) – Asian stocks are poised for their best week in nearly three years after a long-awaited plan to resolve the European debt crisis encouraged investors to put money back into riskier assets such as the euro and … Continue reading →