CA-BUSINESS Summary

Analysis: Euro zone bank troublespots don't come down to size

DUBLIN/LONDON (Reuters) - Though the implosion of Cyprus's bloated banking system has put other euro zone economies with outsized financial sectors such as Luxembourg and Malta in the spotlight, loan quality is the real litmus test of a country's financial stability. Attracted by low taxes, high interest rates and light regulation, foreign deposits, largely from Russia and other former Soviet states, pumped up the Cypriot banking sector to nearly eight times annual economic output, more than double the European average of around 3.5 times.

Bankers count on watered down EU trading tax

LONDON (Reuters) - Bankers are confident they can persuade the European Union that its proposed financial trading tax poses enough risks to struggling economies and banks to warrant being watered down. Their campaign against the tax, which will be imposed by 11 of the EU's 27 countries, focuses on how much it would boost the cost of funding for governments and companies, erode returns earned even by long-term investors, and hurt funding markets which are crucial to the health of the financial system.

Cyprus central bank chief calls for its independence to be respected

NICOSIA (Reuters) - Cyprus's central bank governor said on Sunday he was willing to work with the government to pull the island out of its economic crisis, provided the bank's independence was respected. A rift between Governor Panicos Demetriades, appointed last May by the communist former administration, and the ruling center-right government has deepened and pressure grown on him to resign over his handling of the crisis.

Furs fly as Chinese consumers drive boom in U.S. mink farming

CHICAGO (Reuters) - Battered by the economic downturn and years of animal rights activism in their own backyard, American mink farmers are now in a different sort of quandary: scrambling to keep up with China's demand for all things fur. Driven by a hunger for high-end clothing and luxury home goods among China's burgeoning middle class, U.S. exports of mink pelts to China jumped to a record $215.5 million last year - more than double both the value and volume shipped in 2009.

TSX falls sharply as gold leads broad selloff

TORONTO (Reuters) - Canada's main stock index fell more than 1 percent on Friday, as weak U.S. economic data dulled hopes for the Canada's export sector, while a sharp drop in gold prices pulled mining stocks to multi-year lows. The mining-heavy TSX materials sector dropped 4.21 percent to its lowest level since 2009, fueled by a 4 percent drop in gold prices and sliding copper, while weak oil prices yanked energy stocks down by 1.95 percent.

Sands lawsuits shine harsh light on Macau's casino paradise

MACAU (Reuters) - Casino magnate Sheldon Adelson's reference to triad organized crime gangs in testimony in a lawsuit has hit a raw nerve in Macau, the Chinese boomtown that his Las Vegas Sands Corp helped transform from a gangland haven into a $38 billion gambling capital. The lawsuit against Sands was brought by Hong Kong businessman Richard Suen, who is seeking $328 million he says he is owed for helping the U.S. firm obtain one of three coveted casino licenses in Macau, now the world's biggest gambling market with annual revenues more than six times Las Vegas's.

FAA sees lessons from Boeing 787 battery woes

NEW YORK/COLORADO SPRINGS, Colorado (Reuters) - U.S. regulators are discussing whether the batteries that burned on Boeing Co's 787 Dreamliner hold any lessons for other aircraft or vehicles. George Nield, associate administrator for commercial space transportation at the Federal Aviation Administration, said a dialogue is taking place about whether the overheating of two lithium-ion batteries on the 787 could have broader implications.

Exclusive: G20 to consider cutting debt to well below 90 percent/GDP: document

DUBLIN (Reuters) - Financial leaders of the world's 20 biggest economies will consider next week in Washington a proposal to cut their public debt over the longer term to well below 90 percent of gross domestic product, a document prepared for the meeting showed. The proposal, prepared by the co-chairs of the G20 Working Group on the Framework for Growth, follows agreement of the leaders of G20 countries in June last year to set ambitious debt reduction targets beyond 2016, when, under an earlier agreement from Toronto in 2010, debt was to stop growing.

Analysis: JPMorgan's lukewarm results put Dimon under more pressure

NEW YORK (Reuters) - JPMorgan Chase & Co Chairman and CEO Jamie Dimon, who came through the financial crisis relatively unscathed, is suddenly looking a little less secure. The top U.S. bank by assets reported tepid first-quarter results on Friday. Income in its biggest businesses - investment banking and consumer lending - fell, excluding accounting adjustments. Outstanding loans grew by just 1 percent, and profit margins on lending narrowed. Stock and bond trading revenue fell.

Troika concludes Greek bailout review, next aid tranche soon: source

DUBLIN/ATHENS (Reuters) - An inspection team of international lenders has finished its review of Greece's austerity program, paving the way for another 10 billion euros aid payment, a source with knowledge of the talks said on Saturday. The deal reached on Friday, concludes the first review by the so-called "troika" of the European Commission, the International Monetary Fund and the European Central Bank since they unlocked fresh aid in December, staving off a chaotic bankruptcy.

Source: http://news.yahoo.com/ca-business-summary-035302275--finance.html

pulitzer prize winners nfl 2012 schedule gmail down tim lincecum ryan oneal file taxes online tupac shakur