Day of losses seen ahead for reopened Greek stock market ATHENS, Aug 2- Greek traders said on Sunday they expected a torrid day of losses when the Athens stock market opens after being shuttered for five weeks as part of attempts to stop Greece's financial collapse. A combination of pent-up trading, worries about the future and Greece's worsening economy could knock 20 percent or more off the Athens General Index on...
| By: Lefteris Papadimas
These wearables can read your mind and mood These wearables can read your mind and mood. Leveraging EEG sensors, companies like Interaxon, Thync and Scanadu are going beyond the wrist wearables mainstream consumers have come to know.
| By: Deborah Findling
Obama to mandate steeper emissions cuts from US power plants NEW YORK- President Barack Obama will impose even steeper cuts on greenhouse gas emissions from U.S. power plants than previously expected, senior administration officials said Sunday, in what the president called the most significant step the U.S. has ever taken to fight global warming. A year after proposing unprecedented carbon dioxide limits, Obama was...
Source: The Associated Press
| By: By JOSH LEDERMAN, Associated Press
Iran plans to buy 80-90 Boeing, Airbus planes a year, post sanctions DUBAI, Aug 2- Iran plans to buy as many as 90 planes per year from Boeing and Airbus to revamp its antiquated fleet once Western sanctions are lifted, its state news agency IRNA quoted a senior aviation official as saying on Sunday. "Iran will buy a total of 80-90 planes per year from the two aviation giants in the first phase of renovating its air fleet," said Mohammad...
GLOBAL ECONOMY WEEKAHEAD-U.S. job market set for more than just "some" attention LONDON, Aug 2- Now that U.S. The challenge is that the U.S. economy is generating very little inflation- not to mention disinflation coming from China and nearly no inflation in Europe- leaving many questioning whether the Fed even should be considering a rate rise. "The pace for growth remains extremely weak by past recovery standards, but with potential growth...
| By: Ross Finley
Former teenage soldier hatches millions from Chinese egg futures SHANGHAI, Aug 2- A decade ago Zhang Xiongjie was a teenage infantryman patrolling China's bleak border with North Korea. Now he stays in swanky hotels and drives a Mercedes Benz CLS- a remarkable rags-to-riches journey achieved in part by dominating one of the most obscure corners of China's unruly financial markets: egg futures. The story of how he earned so much...
| By: Engen Tham
China c.bank official sees downward pressure on economy persisting - paper BEIJING, Aug 2- Downward pressure on China's economy will persist in the second half of the year as growth in infrastructure spending and exports is unlikely to pick up, a senior central bank official was quoted as saying. Chinese companies are not optimistic about business prospects according to the central bank's second-quarter survey, Sheng Songcheng, the...
Uber faces the 'last 1bn person market' left Uber's battle with Bangalore-based Ola carries special significance, given the huge potential size of India's underdeveloped market. The FT reports.
Source: Financial Times
| By: James Crabtree in Mumbai
Iran sees oil output up 1 mln bpd after curbs end DUBAI, Aug 2- Iran expects to raise oil output by 500,000 barrels per day as soon as sanctions are lifted and by a million bpd within months, Oil Minister Bijan Zanganeh said in remarks broadcast on Sunday. According to a Reuters suvey of OPEC production, Iran produced 2.85 million bpd in July. A Reuters analyst said in July that Iran could increase its oil production...