IPO News
Sterling falls to lowest in over a decade
LONDON, March 17 (Reuters) - Sterling fell to its lowest since January 1997 on a trade-weighted on Monday as banking worries in the U.S. spilled over into negative sentiment for the UK economy.
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RPT-FOREX-Dollar holds losses vs yen after TIC data
NEW YORK, March 17 (Reuters) - The dollar held losses against the yen and the euro on Monday after government figures showed lower-than-expected overall net capital flows for January.
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UPDATE 2-AES profit, outlook miss Street view; stock falls
Adjusted for tax and other charges, profit was 19 cents per share. Analysts on average had been expecting 22 cents, according to Reuters Estimates.
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Furniture Brands to sell business unit to HNI
The sale is expected to close in the 2008 first quarter. Furniture Brands, which recently attracted takeover interest from private equity firm Sun Capital, announced months ago that it would shed t...
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UPDATE 1-US high court to review FCC indecency rule case
WASHINGTON, March 17 (Reuters) - The U.S. Supreme Court said on Monday it would review a lower court ruling that undercut the standard the Federal Communications Commission uses to define indecency...
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Consumers' hard choices worry food industry
During hard times consumers tend to keep money in the household and now, as they grapple with a weakening U.S. economy, record gas prices and a deteriorating home market, they threaten the profits of ...
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Bank sale hammers financial stocks
HONG KONG/LONDON (Reuters) - An emergency rescue of Bear Stearns Co Inc stunned the Wall Street bank's staff and pummelled financial stocks on Monday amid fears that few banks are safe from deepening market turmoil.

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Sterling falls vs dollar after BoE repo announcement
LONDON, March 17 (Reuters) - Sterling fell versus the dollar on Monday after the Bank of England said it would offer five billion pounds of three-day funds and said it is closely monitoring money m...
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Anger, worry for Bear Stearns Asia staff
Stunned dealers and traders at Bear Stearns, the ailing U.S. investment bank rescued by rival JPMorgan Chase & Co, turned up for work on Monday to find the value of their stock options in tatters ...
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UPDATE 5-Gold hits record above $1,030 on economic crisis
LONDON, March 17 (Reuters) - Gold prices shot up to record highs on Monday as investors fled to safe haven assets on the back of deepening worries about the U.S. financial sector and new lows for t...
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Can Visa bring the heat
SPACs , the 2008 market for initial public offerings has been off to a frigid start. According to data tracker Dealogic, money raised so far this year adds up to less than one-quarter of the $21 bi...
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  • EU criticises Russia over entry visa red tape

    MOSCOW, April 8 (Reuters) - Russian immigration red tape is so cumbersome many Europeans are leaving rather than trying to comply, European Union embassies have told the government in the latest ro...

  • Peru police, indigenous group clash at Pluspetrol

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