Noticias de Hoy

(Reuters) – Xerox Corp on Tuesday reported first-quarter earnings that beat expectations but said second-quarter profit would miss estimates as it restructures to become a broader technology company. Adjusted earnings were 27 cents per share, compared with the average analyst estimate of 24 cents. Revenue fell 3 percent to $5. 4 billion, below analyst expectations of $5. 5 billion. Xerox said earnings were higher than expected due to a benefit of 2 cents after reducing its reserve for recent litigation. It did not elaborate. . . .

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By Chikako Mogi TOKYO (Reuters) – Asian shares and other riskier assets lost ground on Tuesday after a preliminary reading showed manufacturing growth in China slowed in April, highlighting recent market concerns about global growth prospects. The flash HSBC Purchasing Managers’ Index for April fell to 50. 5 in April from 51. 6 in March, but was still stronger than February’s reading of 50. 4. . . .

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By Caroline Valetkevitch NEW YORK (Reuters) – Stocks climbed on Monday as last week’s sharp losses brought buyers back to the market and shares of Microsoft jumped after an activist investor took a stake in the company. Helping the Dow, shares of Caterpillar rose 2. 8 percent to $82. 71, as the company said the pullback in spending by miners was temporary. The stock gains came despite a lowered 2013 outlook from the company. The market’s bounce followed the S&P 500’s worst weekly loss since November and suggested to some market watchers that a much debated market correction has yet to arrive. . . .

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By Chuck Mikolajczak NEW YORK (Reuters) – Stocks edged lower on Monday, as earnings from Caterpillar, Halliburton and other major companies pointed to more volatile trading ahead. General Electric , down 2. 1 percent to $21. 29 and McDonald’s Corp , off 1. 2 percent to $98. 66, extended losses from Friday after posting lackluster earnings. Both stocks were declining for the fourth straight day. Wall Street is coming off a week of extreme volatility, with the CBOE Volatility index jumping 24 percent, the biggest weekly gain for the so-called fear index this year. The index was up 2. . . .

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By Chikako Mogi TOKYO (Reuters) – Japanese shares powered to nearly 5-year highs and determined sellers just failed to breach the symbolic 100 yen/dollar level on Monday, even though the Bank of Japan’s bold reflationary plans were endorsed by the Group of 20 gatherings in Washington. While oil and gold rebounded after last week’s a sharp sell-off, investors remained wary of volatility due to uncertain global growth prospects, hitting industrial metals such as copper. . . .

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By Alan Wheatley, Global Economics Correspondent LONDON (Reuters) – An early peek this week at how the euro zone economy performed in April could cement the case for the next installment in an unprecedented campaign of monetary easing by the world’s major central banks. A preliminary survey of purchasing executives from the 17-country bloc is likely to furnish the new evidence of economic weakness that Jens Weidmann, the president of Germany’s hard-line central bank, says is needed for the European Central Bank to cut interest rates. . . .

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By David Gaffen and Jason Lange WASHINGTON (Reuters) – More than three years after the end of the global recession, sluggish activity across rich and poor economies is confounding policymakers who expected more by now and raising concerns that options for kick-starting growth are increasingly limited. They face a sobering checklist: The U. S. economy remains shackled by a mountain of household debt and continues to whipsaw between periods of modest growth and next to none at all. . . .

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By Alister Bull WASHINGTON (Reuters) – Federal Reserve Chairman Ben Bernanke will miss the annual Jackson Hole monetary policy symposium this year due to a scheduling conflict, skipping the prestigious event for the first time since taking the helm of the central bank in 2006. The conference, held in late August in the splendor of the Grand Teton National Park in Wyoming, draws top central bankers from around the world. Bernanke’s absence would mark the first time in 25 years that a Fed chairman has not attended. . . .

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By Lesley Wroughton and Krista Hughes WASHINGTON (Reuters) – Global finance officials on Saturday said monetary policy alone was not enough to restore confidence in the shaky global economy as they urged countries to take other steps to reinvigorate growth and create jobs. "We need to act decisively to nurture a sustainable recovery and restore the resilience of the global economy," the International Monetary Fund’s steering committee said at the conclusion of the world lender’s spring meeting. . . .

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WASHINGTON (Reuters) – Federal Reserve Chairman Ben Bernanke told global policymakers he sees no risk to inflation in the United States, European Central Bank Governing Council member Ewald Nowotny said on Saturday. Summing up presentations to an International Monetary Fund meeting, Nowotny told reporters Bernanke had given a "very optimistic" portrayal of the U. S. outlook. "They see absolutely no danger of an expansion in inflation," Nowotny said. Bernanke had said U. S. inflation should be 1. 3 percent this year. Fed forecasts put inflation by the end of this year in a range of 1. 3 to 1. . . .

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