NEW YORK (Reuters) - Things are shaping up for another hot summer on Wall Street, and there is a long, long way to go yet.
Reuters
Analysis: India's growth: build in an incompetence discount
NEW DELHI (Reuters) - It had been another brutal day for the rupee on the foreign exchanges as India's economic crisis escalated and, travelling home from a visit to Myanmar last week, Indian Prime Minister Manmohan Singh summoned journalists on his plane for a briefing.
Thyssen gets interest for Brazil, U.S. plants: report
FRANKFURT (Reuters) - ThyssenKrupp has attracted interest from Brazil's Vale and South Korea's Posco for its struggling steel plants in Brazil and the United States, German weekly WirtschaftsWoche reported.
HSBC gets formal approval for Oman merger, names board, CEO
DUBAI (Reuters) - HSBC Holdings has received formal regulatory approval to merge its business in Oman with local lender Oman International Bank , it said in a statement to the Muscat stock exchange on Sunday.
Group seeking to buy EFG Hermes to appeal to regulator
CAIRO (Reuters) - Shareholders of Egyptian investment bank EFG-Hermes voted on Saturday against a group of investors seeking to buy the bank, but the investors will appeal to Egypt's regulator to suspend the decision, the group targeting the bank said.
Analysis: Economic pain takes toll on U.S. earnings forecasts
NEW YORK (Reuters) - Expectations for U.S. corporate earnings are deflating fast as the euro zone crisis deepens and economic data around the world disappoints.
AOL urges shareholder approval of its board nominees
(Reuters) - AOL Inc, waging a proxy fight with activist hedge fund Starboard Value, said on Saturday its shareholders should approve all eight nominees for its board of directors after an advisory service recommended the approval of only six.
Europe mulls major step towards "fiscal union"
BERLIN/PARIS (Reuters) - When Jean-Claude Trichet called last June for the creation of a European finance ministry with power over national budgets, the idea seemed fanciful, a distant dream that would take years or even decades to realize, if it ever came to be.
Spain calls for new euro fiscal authority
MADRID (Reuters) - Spain, the latest combat zone in Europe's long-running debt wars, urged the euro zone to set up a new fiscal authority to manage the bloc's finances and send a clear signal to markets that the single currency project is irreversible.
Analysis: How Morgan Stanley sank to junk pricing
(Reuters) - The bond markets are treating Morgan Stanley like a junk-rated company, and the investment bank's higher borrowing costs could already be putting it at a disadvantage even before an expected ratings downgrade this month.
