The latest SBS Finance headlines

+ IMF's Lipsky says moderate world recovery underway—GWANGJU, South Korea (Reuters) - The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consoli...

+ Afghans withdraw cash from bank—Nervous depositors have continued to withdraw money from Kabul Bank, despite assurances by Afghan leaders that the institution is safe with governme...

+ ...

+ Anglo Irish Bank to be "decommissioned": minister—DUBLIN (Reuters) - Nationalized Anglo Irish Bank will be "decommissioned," with a decision on its fate expected within a few weeks, a junior governme...

+ G20 leaders agree economic recovery to continue—GWANGJU, South Korea (Reuters) - The G20 members agreed on Saturday the global economic recovery would stay and the recent investors' anxiety appeared...

+ Japan Noda warns on yen, suggests joint steps difficult—TOKYO (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Saturday Tokyo would take decisive steps to stem the yen's rise when needed, while ...

+ American Apparel in talks with restructuring firm—WILMINGTON, Del./SAN FRANCISCO (Reuters) - Hipster brand American Apparel Inc is in talks to bring in an outside restructuring firm as the manufactur...

+ Ex - Goldman programmer wins partial dismissal—NEW YORK (Reuters) - A federal judge on Friday dismissed part of a criminal case accusing a former Goldman Sachs Group Inc computer programer of stea...

+ Madoff investors win $12.74 mln in Merkin case—NEW YORK (Reuters) - Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded ...

+ Kia recalls 56,000 Souls, Sorentos in U.S., S. Korea—DETROIT/SEOUL (Reuters) - Kia Motors said on Friday it had started a recall of some 56,000 Soul and Sorento vehicles sold in the United States and So...

+ Obama promises more economic stimulus—President Barack Obama promises a fresh slew of measures to boost the ailing US economy after fresh data shows unemployment is again on the rise.

+ Obama says to address new economic ideas next week—WASHINGTON (Reuters) - President Barack Obama on Friday said he would address a package of new measures next week to boost U.S. growth and hiring as h...

+ Non - manufacturing sector slows in August: ISM—NEW YORK (Reuters) - The U.S. non-manufacturing sector grew in August for an eighth straight month but at a slower pace than July and at a rate that w...

+ Owners of a third of 3PAR back HP bid—NEW YORK (Reuters) - Data storage provider 3PAR Inc said on Friday that shareholders owning about a third of its shares have agreed to accept Hewlett...

+ Walgreen same - store sales miss expectations—CHICAGO (Reuters) - Walgreen Co posted weaker-than-expected August sales at stores open more than a year, hurt by generic drug introductions and a de...

+ Campbell Soup profit beats estimates—CHICAGO (Reuters) - Campbell Soup Co reported higher-than-expected quarterly earnings on Friday, helped by cost cuts and sales of V8 juice drinks, ev...

+ Brazil oil firm Petrobras plans $65 billion stock sale—RIO DE JANEIRO (Reuters) - Brazilian state oil company Petrobras will sell up to $64.5 billion in new stock -- one of the largest in capital markets h...

+ Service sector spotlight shines on Germany, China—LONDON (Reuters) - Global service sector surveys highlighted a growing divergence in economic recovery on Friday with a pick up in growth in China and...

+ Banks admit secrecy over bonuses—Banks have acknowledged they need to be more open about the size of their bonus pools and the way they pay star bankers.

+ Banks admit better disclosure on bonuses needed—LONDON (Reuters) - Banks have acknowledged they need to be more open about the size of their bonus pools and the methodology for paying star bankers a...

+ Canada's Goldcorp to buy Andean for $3.2 billion—SYDNEY (Reuters) - Canada's Goldcorp Inc agreed to buy gold miner Andean Resources Ltd for C$3.6 billion ($3.2 billion), trumping a competing offer ...

+ Rate rises: question is when, not if—Borrowers are likely to be spared an interest rate rise from the Reserve Bank of Australia (RBA) next week, because of a series of mixed economic in...

+ BP Gulf of Mexico oil spill costs hit $8 billion—LONDON (Reuters) - BP Plc said on Friday the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion and that it was a fortni...

+ Samsung raises 2010 smartphone sales target: report—SEOUL (Reuters) - Samsung Electronics Co Ltd , the world's No.2 handset maker, expects to sell up to 25 million smartphones this year, exceeding its e...

+ Heavy in dollars, China warns of depreciation—BEIJING (Reuters) - China on Friday offered a rare glimpse into its foreign exchange reserves, confirming that they are overwhelmingly allocated in do...

+ Murdoch: global economic turmoil to continue—News Corp CEO Rupert Murdoch said the global economy is still in an uncertain state and the media industry is going through a fundamental transformati...

+ Murdoch: Global economy is still not out of turmoil—NEW YORK (Reuters) - News Corp Chief Executive Rupert Murdoch said the global economy is still in an uncertain state and the media industry is going ...

+ Take - Two posts profit, raises outlook—LOS ANGELES (Reuters) - Video game maker Take-Two Interactive Inc on Thursday smashed Wall Street expectations for its fiscal third quarter and raise...

+ GM's new boss woos autoworkers in first staff memo—DETROIT (Reuters) - General Motors' new boss Dan Akerson sent his first letter to staff on Thursday, saying he valued the role of organized labor in ...

+ The final countdown for Lehman Brothers—Lehman Brothers, the bankrupt investment bank, needs at least $550m to keep its two bank units going as it prepares to sell or shut them down.

+ "Quote stuffing" a focus in flash - crash probe—WASHINGTON/NEW YORK (Reuters) - U.S. regulators probing the May flash crash are focusing on a trading practice known as "quote stuffing" in which larg...

+ Pending home sales rise 5.2 percent in July—WASHINGTON (Reuters) - Pending sales of previously owned U.S. homes rose unexpectedly in July, an industry group said on Thursday, suggesting a tax cr...

+ Bernanke says govt must follow through on new law—WASHINGTON (Reuters) - Tough government follow-through on a freshly minted U.S. financial law will be crucial to ensure no bank or firm grows so large...

+ Few Americans see manufacturing as a career: survey—NEW YORK (Reuters) - Fewer than a third of Americans would choose manufacturing if they were starting their careers now, according to a new survey tha...

+ Japan plans to boost domestic investment—Japan's premier has ordered his industry minister to draw up a plan to boost domestic investment and keep jobs at home as a strong yen pressures Jap...

+ US Fed eyes more stimulus—The US Federal Reserve will aggressively boost US economic expansion if the outlook worsened, the central bank chief Ben Bernanke said.

+ Mexico cracks down on money laundering—Mexican President introduces measures to crack down on money laundering by organized crime syndicates, including a sharp limit on cash transactions.

+ Japan to draft fresh economic stimulus—Japan will prepare an outline of fresh economic stimulus measures "as soon as possible", the government says.

Last new 5/9/10 2:47pm.