DIARY- Top Economic Events to Sept 14 STOCKHOLM- Swedish Central Bank holds monetary policy meeting. Speakers:- International Monetary Fund Managing Director Christine Lagarde, Reserve Bank of India Deputy Governor Urjit Patel, Bank of Japan Deputy Governor Hiroshi Nakaso, Indonesia Finance Minister Bambang Brodjonegoro and IMF Monetary and Capital Markets Department Division Chief Ulric...
UPDATE 1-Brazil oil workers tell Petrobras open-ended strike to start Friday RIO DE JANEIRO, Sept 1- Brazil's largest oil workers' union advised Petroleo Brasileiro SA that it plans to begin an open-ended strike against the state-run oil company starting at midnight on Friday. The cut in the company's five-year investment plan to $130 billion from $221 billion comes in the wake of a plunge in oil prices and a corruption scandal that...
Don't blame everything on China We have what traders call "degrossing," where participants are simply taking down overall exposure a bit.
| By: Bob Pisani
Target lays off 235 in Twin Cities tech operations MINNEAPOLIS- Retail giant Target Corp. has laid off about 235 employees in its technology operations in the Twin Cities. The Star Tribune reports the retailer's information technology units had largely been spared in layoffs earlier this year that affected about 2,500 jobs, or about one-fifth of the workers in the company's corporate offices in...
Source: The Associated Press
Brazil oilworkers tell Petrobras open-ended strike to start Friday RIO DE JANEIRO, Sept 1- Brazil's largest oil-workers' union advised Petroleo Brasileiro SA that it plans to begin a open-ended strike against the state-run oil company starting at midnight on Friday. The strike is in protest at a recent cut of about 40 percent in investments by Petrobras, as the company is commonly known, and the planned sale of about $15.1 billion...
New SAP software aims to help companies make sense of data deluge SAP HANA Vora, as the database query software will be known, aims to give businesses greater insights into the vast volumes of data organisations are collecting from customer feedback, along with sensors installed in products, vehicles and networks. But Europe's biggest software company has to convince its customer base, which includes the world's biggest...
| By: Eric Auchard
History predicts another volatile week The combination of big swings and flat returns in a week is very unusual, and weeks like that consistently lead into another week of huge swings.
| By: Mark Fahey