Today GoldenAgri formed a shooting star with a high volume not seen for quite some time. Could it be a buyer’s euphoria or changing of hands? If you have long position, do watch your trailing stop.
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BBC News – Business- HSBC machines hit by IT failureUK customers of HSBC report problems using cash machines, making card payments and online transactions, but the bank says the problem is fixed. […]
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- Euro banks 'in tatters' - ClarkeFormer chancellor Ken Clarke says Europe's banking system is "in tatters" and warns the UK is "heavily exposed" to potential problems. […]
- Balls warns of cuts 'catastrophe'Labour's Ed Balls warns the world economy faces a "catastrophe" unless Germany abandons pressure on eurozone countries to cut public spending. […]
- Obama: EU 'must focus on growth'US President Obama wraps up a G8 summit saying that leaders agree economies must focus on jobs and growth to boost recovery. […]
- HSBC machines hit by IT failure
- Reuters: Business News
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- China state-run businesses to invest 350 billion yuan in ChongqingBEIJING (Reuters) - Thirty of China's biggest state-owned businesses have signed contracts worth about 350 billion yuan ($55.3 billion) with the southwestern municipality Chongqing, Chinese media reported on Sunday, in a sign of Beijing's determination to bolster confidence in the city formerly run by ousted leader Bo Xilai. […]
- Samsung's mobile chief says has options to settle war with AppleSEOUL (Reuters) - Samsung Electronics' mobile division chief JK Shin said on Sunday the South Korean technology giant was still seeking to resolve differences in its international patent war with Apple Inc.. […]
- Two smaller unions agree deals with Lockheed(Reuters) - Lockheed Martin Corp said on Saturday it had negotiated new contracts with two smaller unions at its Fort Worth, Texas plant, even as a strike by the larger machinists union stretched into a fifth week. […]
- Google says it has China's approval for Motorola deal(Reuters) - Google said on Saturday that Chinese authorities have approved its $12.5 billion purchase of Motorola Mobility Holdings, the last regulatory hurdle to a deal that would allow the world's No. 1 Internet search engine to develop its own line of smart phones. […]
- Russia Sberbank sees sale certainty after government formedWASHINGTON (Reuters) - Europe's second largest lender Russia's Sberbank will see some certainty over the planned privatization sale after the new Russian government's lineup is announced on May 21, CEO German Gref said on Saturday. […]
- Obama pledges tough enforcement of Wall Street reformsWASHINGTON (Reuters) - President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation. […]
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- China's Wen urges more support for growth