Obama cites labor's role in US economy amid trade rift WASHINGTON— President Barack Obama says labor laws should be strengthened and it should be easier for workers to join unions. Obama made the comments at a White House workers' summit on Wednesday— just as there's a rift with labor over a Pacific Rim trade agreement. The president didn't mention the 12- nation trade deal.
Source: The Associated Press
No China fears here: U.S. funds bet big on IMAX's giant screens NEW YORK, Oct 7- U.S. fund managers, hoping that a bit of Hollywood magic goes a long way in China, have been rushing to invest in IMAX Corp, best known for enormous movie screens. With Chinese box office expected to overtake the U.S. market as the world's largest by 2017, IMAX is spinning off its Chinese division, which contributes approximately a quarter of its...
| By: David Randall
Supporters of embattled Ex-Im Bank move to bypass GOP foes WASHINGTON— The federal Export-Import Bank is showing some signs of life, more than three months after it expired. The coalition is teaming up to bypass opposition from the tea party and top GOP leaders, including Rep. Kevin McCarthy, the favorite to become the new speaker.
Source: The Associated Press
| By: By ANDREW TAYLOR, Associated Press
GRAINS-Prices retreat from highest levels in more than two months The USDA will probably cut its projections for the average corn yield and for the number of acres of corn and soybeans that will be harvested due to unfavorable crop weather, according to a Reuters poll of analysts. "There are some concerns that U.S. production could not be as high as what the USDA has forecast but overall yields have been pleasantly surprising" for...
| By: Louise Heavens and James Dalgleish)
BUZZ-U.S.-listed China A-Share ETFs thrive during holiday BUZZ-U.S.-LISTED CHINA A-SHARE ETFS THRIVE DURING HOLIDAY@** U.S. ETFs tracking China's onshore market traded. **ETF trading from Oct 1 to Oct 7 has matched the optimistic tenor of the benchmark H-share index of stocks in Hong Kong.
UPDATE 1-Amazon rolls out new services for cloud Oct 7- Amazon.com Inc's cloud business, Amazon Web Services, has launched a service to help companies analyse their data and a briefcase-like product that will let them ship large amounts of data for storage on the cloud. The service is now available for preview, Andy Jassy, AWS's senior vice president, said at an AWS event in Las Vegas. For a standard edition of...
After 10-month closure, Russian bond market creaks open again *Norilsk bond indicates investor interest in Russia. LONDON/ MOSCOW Oct 7- Mining firm Norilsk Nickel's success in selling Russia's first big foreign bond in nearly a year hints at some revival of investor interest towards the sanctions-hit and energy-sapped economy. Those issuance levels are unlikely to be seen again unless commodity prices stabilize and...
| By: Sujata Rao and Alexander Winning