business Buzz

PARIS (Reuters) - The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain its flaring growth crisis, the OECD said on Tuesday. - Reuters - 33 Reads

WASHINGTON (AP) -- Anxious to show voters he's working to create jobs, President Barack Obama is putting tax credits to boost clean energy in the spotlight this week as he heads to the political battleground state of Iowa.... - Associated Press - 22 Reads

REUTERS - In the run-up to Facebook's $16 billion IPO, Morgan Stanley , the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company. - Reuters - 24 Reads

HONG KONG (AP) -- Nissan's upscale Infiniti brand unveiled its new global headquarters in Hong Kong on Tuesday, as the Japanese automaker uses the southern Chinese financial center to grab a bigger piece of the world's top car market.... - Associated Press - 20 Reads

BANGALORE/MUMBAI (Reuters) - Reliance Industries and partners BP and Canada's Niko Resources have abandoned the D4 oil and gas block off India's east coast, Niko said, underlining the production problems in the region. - Reuters - 24 Reads

NEW YORK, May 21 (UPI) -- U.S. stock indexes rose Monday despite disappointing numbers posted by high-tech hopeful Facebook. - United Press International - 19 Reads

PARIS (Reuters)- Chinese growth is likely to slow to 8.2 percent this year, its weakest in more than a decade, before government support helps it rebound to 9.3 percent in 2013, the Organisation for Economic Co-operation and Development (OECD) said on Tuesday. - Reuters - 20 Reads

REUTERS - The Reserve Bank of India (RBI) announced further measures on Monday to curb speculative trading in the foreign exchange market, but the move failed to halt the rupee's slide to another record low. - Reuters - 19 Reads

LONDON (Reuters) - World shares and key commodities such as oil and copper gained for a second day on Tuesday on speculation that European leaders would agree on fresh action to tackle the region's debt crisis, and on reports China plans measures to boost sagging growth. - Reuters - 19 Reads

BEIJING/SHANGHAI (Reuters) - China will fast track approvals for infrastructure investment to combat a slowdown in the economy, a state-backed newspaper reported on Tuesday, showing how Premier Wen Jiabao's call for policies to support growth is being put into action. - Reuters - 19 Reads