Noticias de Hoy

BERLIN (Reuters) – Greece will receive its next tranche of international aid despite budget shortfalls and slow progress on reforms because the euro zone does not want the country to leave the common currency, two German magazines reported on Saturday. Athens will resume talks with the ‘troika’ of international lenders next week on a tranche worth 31 billion euros ($39. 88 billion) needed to avert bankruptcy and a possible euro zone exit. The Greek government needs a deal so it can push an austerity package through parliament before the next meeting of Eurogroup finance ministers on October 8. . . .

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SHANGHAI (Reuters) – The pre-holiday procession of Chinese entrepreneurs bearing gifts for the officials who hold sway over their businesses highlights the ubiquity of corruption in China and the difficulty the government will have in stamping it out. For the past few weeks, business people across the country have been preoccupied not with their companies’ operations, but with delivering thinly veiled bribes to the officials who grant them permits, sign off on the quality of their products or validate their tax bills. . . .

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MADRID (Reuters) – Spain’s debt levels are set to rise next year, piling pressure on the government to apply for aid as it pours funds in to cash-strapped regions, an ailing banking system and rising refinancing costs, its budget showed on Saturday. Spain’s debt as a ratio of gross domestic product will reach 90. 5 percent by end 2013, according to the document presented to parliament for approval, almost three times that registered before the property bubble burst in 2008. The budget aims to make savings of around 13 billion euros ($16. . . .

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MADRID (Reuters) – Spain will meet its 2012 public deficit target as dictated by European guidelines, but the shortfall will jump by more than one percentage point if aid to its struggling banks is taken in to account, the government said on Saturday. Spain would meet the deficit goal of 6. 3 percent of GDP this year not including these payments to its banks, Treasury Minister Cristobal Montoro said. The public deficit in 2012 would rise to 7. 4 percent of gross domestic product while the 2011 deficit rose to 9. 4 percent of GDP from 8. . . .

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WASHINGTON (Reuters) – U. S. households stretched to pay for costlier gasoline on meager income growth in August, undercutting spending on other items and pointing to lackluster economic growth. Other data on Friday showed factory activity in the Midwest contracted this month for the first time in three years. The Commerce Department said consumer spending rose 0. 5 percent last month after gaining 0. 4 percent in July. The increase was the largest in six months, but it reflected a rise in gasoline costs that pushed inflation up by the most in nearly 1-1/2 years. . . .

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NEW YORK (Reuters) – Wall Street will open October with a busy week, highlighted by low expectations for global manufacturing data and the U. S. jobs report, but that could set the stage for positive surprises that help lift the market. The S&P 500 finished its third positive quarter in the last four on Friday, despite suffering its largest weekly percentage decline since June. For the past three months, the S&P 500 gained 5. 9 percent – its best third quarter since 2010. In contrast, the index was down 1. 3 percent for the week. . . .

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NEW YORK (Reuters) – U. S. stocks fell on Friday as investors locked in gains at the close of a robust third quarter for equities and amid uncertainty ahead of the results of stress tests on Spanish banks. Spain’s budget and reform plans had sparked a rally in the prior session, though the bank stress-test results and a review of Spain’s credit rating by Moody’s, both due later in the day, could compound the nation’s challenges in dealing with its debt. . . .

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LONDON (Reuters) – Stock index futures pointed to a fractionally higher open on Wall Street on Friday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 all up 0. 1 percent at 0754 GMT. European shares rose on Friday, led by Spanish blue-chips after the country’s crisis budget raised expectations it would apply for a sovereign bailout. Japan’s Nikkei average hit a two-week closing low as concerns about falling revenues for Japanese companies in China outweighed optimism over Spain’s new economic reform plans. . . .

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NEW YORK (Reuters) – The S&P 500 snapped a five-day string of declines in a broad-based rally on Thursday, as Spain’s plans for economic reform eased some worries about one of the euro zone’s most troubled countries. The benchmark S&P 500 rose 1 percent, its biggest percentage gain since the Federal Reserve announced its plan for a third round of stimulus on September 13. Spain announced a detailed timetable for economic reforms for the fiscally troubled nation and a tough 2013 budget based mostly on spending cuts. . . .

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NEW YORK (Reuters) – U. S. stocks rallied on Thursday and the S&P 500 was set to break its five-day decline after Spain unveiled plans for economic reform, easing some worries about how the euro zone’s debt crisis will be contained. The broad-based rally put the benchmark S&P 500 index on track for its biggest percentage gain since the Federal Reserve announced its plan for a third round of stimulus on September 13. Spain announced a detailed timetable for economic reforms for the fiscally troubled nation and a tough 2013 budget based mostly on spending cuts. . . .

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