3xwy Blog

Reuters – China, the world’s biggest holder of foreign exchange reserves, renewed its commitment to the U.S. Treasury market on Tuesday but said it would be wary of substantially boosting its gold holdings.

AP – The Supreme Court is entering an emotionally charged dispute between the grieving father of a Marine who died in Iraq and the anti-gay protesters who picket military funerals with inflammatory messages like “Thank God for dead soldiers.”

Reuters – The G20 major rich and emerging countries have been broadly successful in holding protectionist pressures in check in recent months but must remain vigilant, the World Trade Organization (WTO) said on Monday.

AP – Dana Gas said Sunday it had made two new gas discoveries in Egypt, finds that will further boost the United Arab Emirates-based producer’s extensive holdings in the country.

AP – Royal Ahold NV, the Dutch owner of the Stop & Shop and Giant supermarket chains in the US, reported an 8.2 percent fall in profit for the fourth quarter on Thursday.

AP – Ford Motor Co. outsold General Motors Co. in February for the first time in more than a decade.

Haiti wants to build its t-shirt manufacturing business. But t-shirts being sold by the fashion industry to support Haiti were made in Peru.

AP – Japanese drugmaker Astellas Pharma Inc. said Monday it will take a $3.5 billion takeover offer for OSI Pharmaceuticals directly to shareholders after being rebuffed several times by executives of the U.S. biotechnology company.

AP – HSBC Holdings PLC, Europe’s largest bank, reported Monday that full-year profit rose 2 percent as sharply lower operating costs helped offset an increase in loan impairment charges.

U.S. Marines and their Afghan counterparts are tightening their hold on the Taliban stronghold of Marjah, in southern Afghanistan. But hundreds of deadly homemade bombs, or IEDs, remain behind.