USTR says White House not blocking China trade cases
WASHINGTON, Pa. (Reuters) - President Barack Obama's national security advisors have not stopped U.S. trade officials from filing legal challenges against China, U.S. Trade Representative Ron Kirk said on Friday.
BP to set aside $100 mln for unemployed rig workers
HOUSTON (Reuters) - BP Plc said on Friday it will establish a $100 million fund to help drilling rig workers in the Gulf of Mexico who are unemployed as a result of the company's oil leak.
Obama says proving naysayers wrong on auto bailout
DETROIT (Reuters) - U.S. President Barack Obama on Friday defended his decision to bail out General Motors and Chrysler, saying he had proven the naysayers wrong as he touted his economic policies ahead of the November congressional elections.
W.House: Europe crisis “stunted” U.S., world growth
WASHINGTON, (Reuters) - The White House blamed the second quarter slowdown in U.S. economic growth reported on Friday on "headwinds," including the debt crisis in Europe.
Pakistan in surprise rate rise, cites inflation risk
KARACHI (Reuters) - Pakistan's central bank unexpectedly increased its key policy rate by 50 basis points to 13 percent on Friday as inflation and fiscal weakness is overshadowing improvement in the current account deficit and economic growth.
GLOBAL MARKETS WEEKAHEAD – Sorry, I am not in the office
LONDON (Reuters) - Send an e-mail to a fund manager at the moment and the chances are high you will get a bounced reply telling you that he/she is out of the office.
BP to try “static kill” on Gulf well Tuesday
BILOXI, Miss. (Reuters) - BP Plc will attempt on Tuesday a planned "static kill" operation to seal its ruptured Gulf of Mexico oil well, and hopes to have a relief well finished by the end of August, incoming company CEO Bob Dudley said on Friday.
Bullard sees Fed action if recovery fails
WASHINGTON (Reuters) - Federal Reserve policy makers all agree they would provide more support to the economy if the recovery suffers a serious setback, St. Louis Federal Reserve Bank President James Bullard said on Friday.
BP to try static kill on Gulf well Tuesday – Dudley
BILOXI, Miss. (Reuters) - BP Plc will attempt on Tuesday the "static kill" operation to seal its ruptured Gulf of Mexico oil well and hopes to have a relief well finished by the end of August, incoming company CEO Bob Dudley said on Friday.
RBI fines StanChart, ICICI Bank
MUMBAI (Reuters) - The Reserve Bank of India (RBI) has fined Standard Chartered Bank and ICICI Bank 500,000 rupees ($10,776) each for violating regulations, the central bank said on Friday.