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Basel Said to Consider 3-Point Surcharge on Biggest Banks
Global regulators are considering a capital surcharge for the world’s largest banks that may force them to hold as much as three percentage points more reserves than other lenders, according to two people familiar with the discussions.
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Global Stocks Gain for Sixth Day, Gold Climbs to Record
Global stocks gained for a sixth day, the longest rally for the MSCI World Index since September, amid improving earnings and speculation the need for European bailouts may end with Portugal. Portugal’s bonds fell, while the euro strengthened.
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South African Equities: Anglo, Basil Read, Clicks, Harmony Gold
South Africa’s FTSE/JSE Africa All Share Index gained for a third day, rising 432.14, or 1.4 percent, to 31,647.69 at the 5 p.m. close in Johannesburg.
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Pound Extends Decline Versus Euro, Notes Rise as U.K. Retail Sales Slump
The pound slumped to the weakest versus the euro since November and two-year British government notes rose after data showed U.K. retail sales in February dropped more than economists estimated.
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Japan Quake May Cut Global Auto Output by About 30%, IHS Says
Parts shortages caused by Japan’s record earthquake may reduce global automobile production by about 30 percent, research firm IHS Automotive said today.
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Irish Economy Shrinks 1.6% as Consumer Spending, Investment, Exports Drop
Ireland’s economy shrank the most in a year in the fourth quarter of 2010 as rising unemployment curtailed consumer spending and investment and exports declined.
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Budget Disagreements of $50 Billion May be Bridged by Boehner-Reid Rapport
Prospects for settling the U.S. budget battle hinge in part on the fledgling relationship between House Speaker John Boehner and Senate Majority Leader Harry Reid .
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Accused Financier Stanford Drops Suit Against U.S. Prosecutors, Regulators
R. Allen Stanford , the indicted financier, dropped a lawsuit that accused attorneys with the U.S. Justice Department and Securities and Exchange Commission of “abusive” law enforcement.
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RWE, Marine Current Turbines Seek U.K. Approval for Tidal Plant Off Wales
Marine Current Turbines Ltd. and RWE AG ’s Npower Renewables unit today sought permission to build a 10-megawatt tidal power project off northwest Wales.
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Protalix Plans Human Clinical Tests of Medication for Rare Fabry's Disease
Protalix BioTherapeutics Ltd. , an Israeli biotechnology company , plans to start clinical trials of a drug treating Fabry disease this year and a medication against rheumatoid arthritis in early 2012.
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Lady Gaga Shaming Those Spending $309 Billion: William Pesek
You know things are bad when pop stars a world away get more fired up about a humanitarian crisis than a nation’s own leaders.
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Mario Andretti, Hilary Swank, Stewart, Stipe, Marsalis: Scene Last Night
Mario Andretti wore silver sneakers and recalled a near crash as jumpsuited models passed vegetable timbales.
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Cycling Body Challenges Ruling That Cleared Champion Contador of Doping
Cycling’s ruling body is challenging a decision to clear Tour de France champion Alberto Contador of doping at last year’s race.
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Dougan's Pay Sliced by 34% After Credit Suisse Posted Drop in 2010 Profit
Credit Suisse Group AG , Switzerland’s second-biggest bank, cut total compensation for Chief Executive Officer Brady Dougan 34 percent for 2010 after profit declined.
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EQUITY INDEXES
Dow | 12160.50 | +74.44 | +0.62% |
S&P; 500 | 1307.24 | +9.70 | +0.75% |
FTSE 100 | 5880.87 | +84.99 | +1.47% |
DAX | 6933.58 | +129.13 | +1.90% |
Nikkei | 9435.01 | -14.46 | -0.15% |
Hang Seng | 22915.30 | +89.88 | +0.39% |
CURRENCIES
EURO | 1.4174 | +0.0087 | +0.61% |
JAPANESE YEN | 80.9370 | +0.0210 | +0.03% |
COMMODITIES
BRENT CRUDE | 115.24 | -0.31 | -0.27% |
Gold | 1435.00 | -3.00 | -0.21% |
CORN | 693.50 | +12.50 | +1.84% |
BONDS
U.S. 3-month | 0.07 | 0.08 |
U.S. 2-year | 99.91 | 0.67 |
U.S. 10-year | 101.97 | 3.39 |
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