financial news

BBC News - Kellogg's outlook suffers after axing 'too many jobs' Cereal maker Kellogg's has announced a $70m (£43.6m) investment in its factories after too many job cuts undermined production standards. tags: jobs…

Markets are cautiously optimistic ahead of Greek confidence vote, US payrolls and G20. US private payrolls expected to increase by 125k; Greek headlines still likely to drive price action. G20 unlikely to deliver much in terms of policy…

Euro stability more important than Greece, says Angela Merkel | Business | The Guardian Merkel said: "We would rather achieve a stabilisation of the euro with Greece than without Greece, but this goal of stabilising…

European stocks rebounding amid talks of Greek government collapse, potential referendum withdrawal. ECB likely to remain on hold but signal December rate cut; US service ISM key data report today. EM focus on potential for China easing…

Revenge of the Sovereign Nation – Telegraph Blogs at least the Greeks are stripping away the self-serving claims of the creditor states that their “rescue” loan packages are to “save Greece”. They are nothing of the sort.…

Market sentiment modestly improves after most Asian stocks fall ; EFSF to delay €3bln bond sale. Greek cabinet endorsed referendum plan overnight; aims to win Friday’s confidence vote. FOMC unlikely to announce further asset purchases,…

Italy, Europe, and Red Brigade terror – Telegraph Blogs Italy’s labour minister Maurizio Sacconi has just warned that a rushed shake-up of the labour market – as demanded by the EU – risks setting off a fresh cycle of…

Greece’s decision to hold a referendum weighing on sentiment; global PMIs most softer thus far. EUR/USD has retracted half of its Oct. move in two days; Greek referendum increases disorderly default risk. US ISM manufacturing key report of…

The two halves of the eurozone are locked in a broken marriage - Telegraph One by one, the democracies of Southern Europe are being broken on the wheel of monetary union. tags: europe greece austerity…

Risk aversion is taking hold again with global stocks broadly lower; dollar firmer against majors. Price action dominated in part by BoJ intervention; on the data front Chicago PMI and Canadian GDP. Norway’s central bank indicated it will…