"Wallstreet" Reader

"Wallstreet" Reader

Giffords Upgraded to Serious Condition

Posted: 16 Jan 2011 06:22 PM PST

Doctors upgraded Rep. Gabrielle Giffords's medical condition to serious from critical, saying she is doing well without a ventilator and continues to make progress since a gunman shot her eight days ago.

Tunisia to Announce Unity Government

Posted: 16 Jan 2011 03:19 PM PST

Tunisia's caretaker prime minister announced that a new coalition government would be announced Monday that includes opposition members—a move that could help stabilize the tense North African country.

China Property Prices Rise

Posted: 16 Jan 2011 06:16 PM PST

Property prices in 70 of China's large and medium-sized cities rose 0.3% in December from the previous month, and were up 6.4% from a year earlier.

Portugal, Qatar Seek Stronger Ties

Posted: 16 Jan 2011 03:52 PM PST

Portugal's prime minister, in his first visit to the Persian Gulf, said the purpose of his trip was to develop commerical relations with Qatar and not to discuss Qatar's interest in buying Portugal's sovereign debt.

Asia Mixed; China Watched

Posted: 16 Jan 2011 05:37 PM PST

Asian stock markets were mixed with investors cautious after China raised banks' reserve requirement ratio Friday. The Nikkei gained 0.5%.

Permira Names New Asia Co-Heads

Posted: 16 Jan 2011 05:52 PM PST

Private-equity firm Permira named Henry Chen and Alex Emery partners and co-heads of Asia, in charge of development of the firm across the Asia-Pacific region.

Productivity May Slow in 2011

Posted: 16 Jan 2011 04:01 PM PST

Global economic productivity rallied strongly last year thanks to a notable economic recovery, but it is likely to flag in 2011 in advanced economies as employment catches up.

BP, Rosneft Deal Draws Criticism

Posted: 16 Jan 2011 07:47 PM PST

BP has hailed its $16 billion share swap with Russian oil giant Rosneft as a ground-breaking maneuver in the oil industry, but the deal is drawing criticism in Washington over its potential implications for U.S. national security.

ICBC to Double Europe Presence

Posted: 16 Jan 2011 07:48 PM PST

Industrial & Commercial Bank of China plans to open branches in Paris, Brussels, Amsterdam, Milan and Madrid over the next two weeks, more than doubling the European presence of China's biggest lender.

Hu Stresses U.S. Ties, Questions Dollar

Posted: 16 Jan 2011 05:43 PM PST

Chinese President Hu Jintao, in a rare written interview, emphasized the need for cooperation with the U.S. ahead of his U.S. visit this week. He called the present U.S. dollar-dominated currency system a "product of the past" in answers to questions from The Wall Street Journal and the Washington Post.

Australia Floods Spread to Victoria

Posted: 16 Jan 2011 06:10 AM PST

Australia's flood crisis continued to spread, with parts of Victoria state in the country's southeast suffering record flooding, forcing the evacuation of 3,000 residents just as a major cleanup operation in flood-ravaged Queensland begins.

Renault Executive to Fight Dismissal

Posted: 16 Jan 2011 01:40 PM PST

Michel Balthazard, one of the three Renault managers suspected in of leaking electric vehicle secrets, is planning to fight the company's decision to dismiss him, his lawyer said.