Reuters: Business News
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Obama to announce $50 bln infrastructure job plan
WASHINGTON (Reuters) - President Barack Obama will announce on Monday a six-year plan to revamp the United States' aging roads, railways and runways with a $50 billion up-front investment to jump-start job creation.
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U.S. Gulf oil producers watch new storm Hermine
HOUSTON (Reuters) - Oil and natural gas producers in U.S.-regulated areas of the Gulf of Mexico were carefully watching Tropical Storm Hermine on Monday, though no cutbacks in production have been announced.
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Russia Medvedev forecasts early grain ban removal
VORONEZH, Russia (Reuters) - Moscow on Monday gave another mixed signal about the duration of a grain export ban set initially from August 15 to December 31, but European Union grain markets continued to rise, apparently ignoring the latest twist.
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Jobs data continues to lift global equities
LONDON (Reuters) - World stocks rose on Monday on hopes that the U.S. can avoid slipping back into recession, although the International Monetary Fund's chief economist warned of weak growth in both the United States and Europe.
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BP restarts sale of Alaskan assets: report
LONDON (Reuters) - BP has revived the sale of its Alaskan assets after failing to offload them to U.S. oil and gas company Apache in July, the Financial Times reported on Monday.
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Nowotny says no ECB exit discussions before December: report
FRANKFURT (Reuters) - The European Central Bank will not discuss its exit from unlimited liquidity provision before December, the central bank's Governing Council member Ewald Nowotny was quoted as saying on Monday.
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Australia's Macquarie warns on profit
SYDNEY (Reuters) - Australia's top investment bank Macquarie Group Ltd warned investors it would miss profit forecasts after weak markets took a toll on its trading and advisory business, sending its shares to a 15-month low.
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Bankers gather to assure industry is on right track
FRANKFURT (Reuters) - Top executives from some of the world's leading banks are due to gather for a conference in Frankfurt later this week as lenders seek to avoid what they see as overly harsh regulation following the global financial crisis.
