BNP Paribas Stories
IEA To Release 60-Mln Barrels of Oil To Alleviate Shortages
Oil futures are plunging as the International Energy Agency (IEA) said that the U.S. and 27 other nations will release a total of 60-million barrels of oil from strategic reserves.
ING in talks over sale of car lease unit: report
Dutch financial services group ING is negotiating the sale of its car leasing business in a deal potentially worth 4 billion euros ($5.7 billion), a Dutch newspaper reported on Monday.
Greece puts brake on European high-grade dollar bank bonds
by Danielle RobinsonNEW YORK, June 16 - Greece's precarious financial position has dealt a blow to the love affair US investors have had this year with European bank issuers in the investment grade dollar market.
Bank of England Doves Have Upper Hand While ECB Will Press On With July Rate Hike
The Gold Price continued to hold steady Thursday morning, trading in a tight range around $1536 per ounce - 2.6% off last month's spot market all-time high - while stocks and commodities gained ahead of UK and Eurozone interest rate announcements.
Euro zone May inflation slows, ECB rate rise still seen
Euro zone inflation slowed in May largely thanks to lower oil prices, but the dip is likely to be temporary and will not stop the European Central Bank from raising interest rates in July.
Economy struggling to regain speed
Unexpectedly weak consumer spending kept the economy stuck in a slow growth gear in the first quarter and would likely struggle to regain speed amid signs of a slowdown in the pace of job creation.
S&P cuts credit outlook for Italy to negative
Standard & Poor's cut its rating outlook for Italy to negative from stable, citing weak growth prospects and increased risks it would fail to slash its debt mountain.
Gold Prices Go Nowhere but Asian Bullion Demand Off The Charts
Gold Prices broke back above $1500 on Friday morning, only to fall back to $1488 per ounce in early New York trading.
Euro zone core inflation rise signals higher ECB rates
Energy costs pushed up euro zone inflation in April, but core prices jumped as well, confirming ECB concerns about rising inflationary risks and adding to the case for more interest rate hikes.
Inflation hits 2-1/2 year high, seen peaking
Gasoline and food prices hoisted U.S. inflation to a 2-1/2-year high in April, but there was little sign of a broader pick-up in consumer prices that would trouble the Federal Reserve.
Germany, France propel euro zone; growth gulf widens
Powerful performances by the German and French economies propelled growth in the euro zone well above forecasts in the first quarter while also highlighting the yawning gap between the bloc's strong and weak.
Stock index futures rise; Microsoft eyed
Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures up 0.1 percent at 0818 GMT.
Wave to pay chipmaker hires IPO banks: sources
Inside Secure, a chipmaker hoping to benefit from technology that allows shoppers to buy goods with the wave of a smartphone, has hired two banks for a Paris flotation, people familiar with the matter said.
Commodities Panic Subsides, Indians Rush to Buy Gold, Chinese Buy Silver on 31% Dip
Silver Bullion rallied from a drop below $34 per ounce, the fifth daily plunge running and some 31% below last Thursday's new three-decade high. Dollar prices to Buy Gold whipped in a $10 range Friday morning in London, trading up to $1488 per ounce - some 5.5% below Monday's record-high spike- as European equities and global commodities stemmed their losses.
Job gains seen slowing, dimming recovery hopes
U.S. employers probably took on fewer workers in April as high energy prices sapped consumer confidence and led to doubts about the strength of the economic recovery.
Jobless claims jump points to slowing recovery
The number of Americans filing for jobless aid rose to an eight-month high last week and productivity growth slowed in the first quarter, clouding the outlook for an economy that is struggling to gain speed.
U.S. data hints at slowdown in job creation
The number of Americans filing for jobless aid rose to an eight-month high last week and productivity growth slowed in the first quarter, clouding the outlook for an economy that is struggling to gain speed.
Data hints at slowdown in job creation
The number of Americans filing for jobless aid rose to an eight-month high last week and productivity growth slowed in the first quarter, clouding the outlook for an economy that is struggling to gain speed.
Silver Prices Sink into Bear Market, Gold Favored as Mexico Leads Central-Bank Accumulation
Gold sat tight as Silver Prices sank once more in London trade on Wednesday morning, holding above last night's 2-session low of $1528 per ounce while silver dropped to new 3-week lows, flirting with the technical definition of bear market.
BNP beats Q1 forecasts on European retail
BNP Paribas, France's biggest listed bank, beat forecasts for first-quarter revenue and earnings, driven by strong retail growth and resilient investment banking.
BNP Paribas Q1 results beat forecasts
France's biggest listed bank, BNP Paribas , posted higher-than-forecast first-quarter revenue and earnings on Wednesday, driven by strong retail growth and resilient investment banking.
Dollar keeps falling after Fed, stocks buoyant
The dollar slid to three-year lows on Thursday, helping U.S. crude oil up to a 2-1/2 year high, and stocks rose worldwide as investors bet ultra-loose U.S. policy will continue to drive money into riskier assets.
Bernanke seen indicating no haste to tighten policy
Federal Reserve Chairman Ben Bernanke on Wednesday will likely use his first-ever news conference on monetary policy to hammer home the case for a patient approach to withdrawing the central bank's extensive support for the U.S. economy.
Durable goods orders up, buoy manufacturing view
New orders for long-lasting U.S. manufactured goods rose solidly in March and bookings for the prior month were much stronger than initially thought, pointing to strength in the manufacturing sector.
Euro zone 2010 deficit down but Greece and Portugal up
The euro zone's overall budget gap fell last year but deficits in Greece and Portugal were higher than expected, underlining the challenges presented by their austerity programs.
New home sales rebound but market still seen weak
Sales of new U.S. homes rose in March and the number of new properties on the market was its lowest since the 1960s, but further gains will be hampered by the broader property glut.
Spain, Portugal to offer debt
Spain will sell up to 3.5 billion euros in bonds on Wednesday in an auction that should give clues on whether it can avoid the bailout contagion that has engulfed the much smaller economies of Greece, Ireland and Portugal.
Only toughest thrive in Glencore's trading culture
They're a special breed, likened to robots or followers of a religious sect, such is their unflinching dedication.
Asia's Clamor to Buy Silver Unheard of...Dysfunctional as Gold Slips with Stocks
The interbank silver market [in Asia] is dysfunctional says one Hong Kong dealer's note. Liquidity is getting worse while the price action is getting more exaggerated as a result.
World Market Update 04/14/2011
US stocks ended slightly higher on Wednesday after President Barack Obama detailed his plans for cutting the deficit and the Federal Reserve reported encouraging news on the economy.