- Rogoff Says Greece Won't Be Last IMF Rescue as Ireland, Spain `Vulnerable' Greece is unlikely to be the last euro nation to need an International Monetary Fund bailout, with Ireland, Spain and Portugal “conspicuously vulnerable,” said Harvard Professor Kenneth Rogoff.
- Deutsche Bank May Struggle to Reach Earnings Targets Amid New Regulation Deutsche Bank AG Chief Executive Officer Josef Ackermann is struggling to convince investors he will meet his pledge to double pretax profit by 2011, and planned banking regulations may make his task even harder.
- Carnivores' Dilemma Widens as Surging Pork Signals Record Prices for Meat U.S. meat prices may rise to records this summer after farmers reduced hog and cattle herds to the smallest sizes in decades, the result of surging feed costs linked to demands for more ethanol.
- Lira Rally Shows Turkey Growth Catching Up to China Amid Bullish Estimates The Turkish lira, which trailed emerging market currencies from the Brazilian real to the Russian ruble last year, is attracting bullish recommendations as the country’s economic growth approaches that of China.
- UAL, Continental Said to Study No-Premium Stock Merger With Smisek as CEO UAL Corp.’s United Airlines and Continental Airlines Inc. are studying a stock-for-stock merger with no premium, two people with knowledge of the talks said, in a deal that would create the world’s largest carrier.
- Drillers Risk Deadly Blowouts to Tap Oil, Gas Reservoirs Deeper Undersea Energy companies delving miles beneath the seafloor for oil are risking pressure surges like the one this week that may have sparked the deadliest U.S. rig accident in 23 years.
- Swiss Bankers Should Look to Cheese Exports for Answers to Flagging Model Michael Spycher, wearing a white cotton cap with a rolled up bill, stirs bacteria and rennet into a copper vat filled with warm milk, starting the process that creates his award-winning Gruyère.
- Windy Nights in Germany Bring Cash for Consumers Who Use More Electricity On windy nights in northern Germany, consumers are paid to keep the lights on.
- Banker to Bikers Fights `Wildly Risky' Dodd Plan to Pare Fed Supervision The Federal Reserve’s independence may rest in the hands of people like Ralph Larry Lyons, chief executive officer of Central Virginia Bankshares Inc., with assets of $473 million.
- Gourmet Grocer Ocado's Initial Offer May Be `Act of Faith' for Investors Ocado Ltd. has become the U.K.’s fastest-growing online grocer by enticing London shoppers with its vans of gourmet food. Luring investors to an initial public offering may be a tougher sell.
- Standard Chartered Ordered to Pay Banker It Fired on His First Working Day Standard Chartered Plc was ordered by Singapore’s High Court to pay Fermin Aldabe for wrongful dismissal after the lender’s global senior risk manager said he would resign on his first day on the job.
Bloomberg Daily News 26th April 2010
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