NEW YORK (Reuters) – The adage “as January goes, so goes the year” bodes ill for equity investors after the S&P 500 closed out its worst month in almost a year. This week, they will have to contend with fears of sovereign defaults and potential unpleasantness in the U.S. labor market as well.
WASHINGTON (Reuters) – The economic recovery is suddenly looking more robust. If it is going to stay that way, the labor market will need to catch up soon.
HERZILIYA, Israel (Reuters) – International Monetary Fund Managing Director Dominique Strauss-Kahn on Sunday urged the United States, Britain and other countries to cooperate on new policies and regulations in the wake of the financial crisis.
WASHINGTON (Reuters) – The U.S. taxpayer-funded rescue program set up to save banks from collapse during the financial crisis makes future reckless behavior more likely, the government’s bailout watchdog said in a quarterly report.
LONDON (Reuters) – Suppliers that fail to manage their greenhouse gas emissions could lose clients, said a report published on Monday.
DUBAI (Reuters) – New York’s famed Bloomingdale’s department store opened its doors in the Middle East’s biggest mall on Sunday in its first foray outside its home market.
DUBAI (Reuters) – Dubai contractor Arabtec said on Sunday it has won a 710 million dirhams ($193.3 million) contract to build an 80-storey tower in Dubai from Abu Dhabi-based developer Tasameem Real Estate.
LONDON (Reuters) – Morgan Stanley plans to hire several hundred traders over the next few years to boost its underperforming securities business, new boss James Gorman said in an interview with the Financial Times.
BERLIN/ZURICH (Reuters) – German politicians were divided at the weekend over whether to buy the bank data of up to 1,500 possible tax evaders with accounts in Switzerland that media say an informant has offered to sell authorities.
DAVOS, Switzerland (Reuters) – World economic growth may be springing back faster than expected but recovery remains fragile and a better balance is needed between exporting and importing nations, top policymakers said on Saturday.
