IMF Official Says U.S. Fed Mindful of Global Impact

Latin America's growth outlook is shaky and a delay in pulling back economic stimulus in the United States shows the Federal Reserve is mindful of the impact its actions can have on other countries.

View the original article here

Japan shares rally, U.S. budget fuels caution elsewhere

World shares were in limbo and the dollar hovered near a 7-1/2 month low on Thursday, as investors eyed the latest battle over the U.S. budget with uncertainty. Tokyo stocks bucked the trend, however, ...

View the original article here

Postal rate hike proposal faces Senate scrutiny

The Postal Service's proposal to raise the price of mailing a letter to 49 cents is sure to face scrutiny from lawmakers as a Senate panel considers bipartisan legislation to overhaul the cash-strapped ...

View the original article here

U.S. to Exhaust Borrowing Capacity by Oct. 17: Treasury Secretary Lew

U.S. Treasury Secretary Jack Lew warned Congress on Wednesday that the United States would exhaust its borrowing capacity no later than Oct. 17, at which point it would have only about $30 billion in cash on hand.

View the original article here

South Korea seeks stealth jet edge while North's MiGs age

South Korea's decision to reject a bid by Boeing to supply 60 warplanes and to re-issue a tender was made in the interests of stealth technology but may not be justified given North Korea's weak air capabilities, ...

View the original article here

JPMorgan in Talks to Settle Government Probes for $11 Billion

JPMorgan Chase & Co is in talks with government officials to settle federal and state mortgage probes for $11 billion, according to published reports.

View the original article here

Oracle CEO Snubs Big Crowd to Watch America's Cup

About 60,000 people have come from all over the world to attend Oracle's biggest customer conference of the year, but Oracle CEO Larry Ellison left no doubt Tuesday that his boating team's defense of the America's Cup is a higher priority.

View the original article here

Government shutdown wouldn't stop Obamacare

Republicans pulling on the budget thread can't neatly unravel President Barack Obama's health care law. A partial government shutdown next week would leave the major parts of the law in place and rolling ...

View the original article here

Can the Tokyo Olympics Help Fix Japan?

There is much talk about the 2020 Summer Olympics providing momentum behind efforts to generate growth not only in Tokyo as the host city, but throughout Japan.

View the original article here

New era as Brussels tightens its grip on budget miscreants

Four months ago, President Francois Hollande warned Brussels not to tell France how to run its finances. In a few weeks' time, the European Commission will do exactly that as a new era of rigid fiscal ...

View the original article here

‘Insider Trading 2.0′: The Battle Over Milliseconds

Reports that certain high-speed traders had access to the FOMC's market moving statement a millisecond early have New York Attorney General Eric Schneiderman fuming, to the point where he's just launched a new whistleblower hotline to field anonymous tips in order to crack down on what he's dubbed "insider trading 2.0".

View the original article here

UK economy grew 0.7 percent in second quarter

LONDON (Reuters) - Britain's economy grew 0.7 percent in the second quarter from the previous three months, in line with forecasts, official data confirmed on Thursday. Compared with the same period last ...

View the original article here

CEOs Deserve All the Credit: Binswanger

A Forbes contributor, Harry Binswanger, who is a disciple of the writer Ayn Rand, argued this week that people who make $1+ million a year are so valuable to society that they shouldn't pay any taxes.

View the original article here

H&M summer collections help increase profits

Fashion retailer Hennes & Mauritz AB says its third-quarter profit swelled by nearly a quarter thanks to strong sales, particularly in China and Japan, and the popularity of its summer collections. The ...

View the original article here

Bond Market Rally Is Just Getting Started

Regardless of the puny sell-off taking place over the last few days the S&P500 (^GSPC) has gained 2.5% over the last month. At the same time the yield on the U.S. 10-year treasury (^TNX) moved from 2.8% to 2.65%. By the immutable laws of supply and demand that means investors in aggregate have been simultaneously [...]

View the original article here

Wall Street Falls for Fifth Day on Budget Debate, Wal-Mart

The S&P 500 fell for a fifth day on Wednesday, its longest losing streak since the end of 2012, on jitters funding for the federal government would run out and a drop in shares of Wal-Mart Stores.

View the original article here

Exclusive: Penney leaning toward $1 billion equity raise: sources

J.C. Penney Company Inc is looking to raise as much $750 million to $1 billion in new equity to build up its cash reserves as the holiday season approaches, according to three people with knowledge of ...

View the original article here

Barclays to shut wealth management services in 130 countries

Barclays Plc will stop offering wealth management services in about 130 countries by 2016 and cut jobs in the unit as part of an effort to rein in costs and boost profit. "This is part of our new ...

View the original article here

Tesla’s Rally Is Running on Fumes: Schoenberger

Tesla CEO Elon Musk may seem to be using his entrepreneurial super genius for the forces of societal good, but he's making some powerful enemies.

View the original article here

Fairfax says it won't abandon BlackBerry bid

The head of Fairfax Financial Holdings Ltd. said Wednesday he has every intention of completing the acquisition of BlackBerry, despite doubts that the $4.7 billion deal for the troubled smartphone maker ...

View the original article here

Recent Chinese data reinforce IMF's 2013 GDP forecast: official

China's recent economic data reinforce the International Monetary Fund's forecast that the world's second-largest economy will avoid a second-half slowdown and grow 7.75 percent this year, a fund official ...

View the original article here

U.S. New-Home Sales Jump 7.9% in August

Americans stepped up purchases of new homes in August after cutting back in July, suggesting that higher mortgage rates may not be slowing the housing recovery.

View the original article here

JPMorgan in talks to settle government probes for $11 billion: sources

JPMorgan Chase & Co is in talks with government officials to settle federal and state mortgage probes for $11 billion, two people familiar with the matter said on Wednesday. The sum could include $7 billion ...

View the original article here

Amazon Unveils New Tablets With Live Video Helpdesk

Amazon.com Inc unveiled two new high-definition tablets on Tuesday with a unique on-screen helpdesk feature it hopes will give it an advantage over devices from rivals Apple Inc and Google Inc.

View the original article here

Fairfax's Watsa confident BlackBerry bid will succeed

Fairfax Financial Holdings Ltd Chief Executive Prem Watsa said on Wednesday he is confident the consortium he leads can find the money to fund its $4.7 billion bid for smartphone maker BlackBerry Ltd. ...

View the original article here

Global Stocks Meander as US Budget Debate Looms

Worries about the U.S. economy and a looming budget battle in Washington kept global stock markets in check Thursday.

View the original article here

Shackles Drop off Fundraising for Startups. Should We Worry?

Entrepreneur Nicole O'Rourke has a novel idea for raising cash that would have been illegal until this week: smacking a "fund me" sticker on every bottle or can of hair products from her start-up ...

View the original article here

T-Mobile US Will No Longer Stock BlackBerry in Stores

T-Mobile US, the No. 4 U.S. wireless service provider, plans to stop carrying BlackBerry Ltd smartphones in its stores and instead ship the devices directly.

View the original article here

5 Things Tim Cook Should Say (but Probably Won’t)

Here's what Apple Chief Executive Tim Cook should consider saying next time he goes on a public relations bender and gives a lengthy interview.

View the original article here