Barron’s: Will the Stock Market Lose Some Steam? While the S&P 500 is up nicely in recent weeks, other technical indicators are painting a less positive picture for the market going forward.
BBC: Irish economy contracts by 1.2%.
Bloomberg: Obama, Wen Pledge Cooperation on Economic Issues. President Barack Obama and Chinese Premier Wen Jiabao pledged their countries to closer cooperation on economic issues to foster the global recovery.
Scotney Castle, Lamberhurst, Kent via Lincolnian (Brian) via Flickr
BusinessWeek: No End in Sight for Britain’s Bank Rescue. The British government still holds big stakes in RBS and Lloyds—and it’s unlikely to sell them soon
Forbes: Third Wives Club:
An informal study of billionaire marital habits suggests the era of the age-appropriate marriage is upon us.
MarketWatch: Petrobras sets sights high. Brazilian oil giant is close to pricing the largest share offering on record, though sale might fall short of funding ambitious oil-production plans.
Reuters: Buffett: We’re still in a recession. Billionaire investor Warren Buffett says the U.S. economy remains in recession despite a recent report to the contrary, adding: “We’re not gonna be out of it for a while, but we will get out.”
The Business Insider: Meet the world’s 100 most valuable digital startups.
The Financial Times: Biker jackets, snakeskin and black patent; leather made a return at London Fashion Week.
The Guardian: Walsh claims London’s status as top business centre is under threat. Merger between British Airways and Iberia likely to be completed by end of year as last obstacle to deal has been cleared
The New York Times: The Austerity Zone: Life in the New Europe. The prospects of many Europeans have been hurt by the debt crisis, stagnant growth and cutbacks.
The Telegraph:177 quangos to be scrapped. A further 94 bodies are still under threat, four will be privatised and 129 will be merged, according to a Cabinet Office list.
The Wall Street Journal: King of My Castle. The idea of welcoming dinner guests across a drawbridge may be romantic, but if your home is a castle, the maintenance costs can be daunting. We reveal what it takes to buy and renovate a castle in Europe.