BNP Paribas Stories
Nadal Triumphant On His Hard-Court Return
The Spanish star defeated Ryan Harrison 7-6, 6-2.
November 2012 US Retail Sales: Auto Sales Lifted Otherwise Weak Spending
The U.S. Commerce Dept. will release Nov. sales figures on Thursday likely showing auto purchases boosted the monthly total.
Delta Aiming To Be First US Airline To Own Part Of Foreign Carrier
Delta Air, seeking better access to London's Heathrow, and a 1-ticket flight, is eyeing a 49% Virgin stake.
With British GDP Up, Austerity And Olympics Both Vie For Credit
The British GDP numbers out Thursday exceeded analysts' expectations on a big boost from the Olympics. Politicians took credit too.
Turkish Lira Softens In Aftermath Of Syrian Attack
The Turkish lira fell after an attack from Syria that killed five people.
Danger From European Banks' Too-Big-To-Fail Syndrome Keeps Growing: Report
Many European banks have used easy credit from the European Central Bank to expand their balance sheet rather than use the easy credit to slim down and cut the level of risk in the assets they hold. In other words, too-big-to-fail is alive and well in the recession-plagued euro zone.
Pre-Market Movers (YPF, Nokia, Home Depot, BT Group, Arcelormittal, Arch Coal, Royal Bank of Scotland, Weatherford)
YPF SA, Nokia Corp, Home Depot Inc, Home Depot Inc, Arcelormittal, Arch Coal Inc, Royal Bank of Scotland Group plc and Weatherford International Ltd. are among the companies whose shares are moving in pre-market trading Monday.
Fed Meeting Preview: QE3 Has Arrived
Markets have been talking about QE3 for two years. Now, after a sovereign credit downgrade, the near collapse of the European financial system, and facing an anemic recovery that has only marginally helped heal the carnage in the labor and housing markets, the vast majority of financial pundits believe QE3 this week is "pretty much a given."
Germany, Most Robust European Economy, Headed For Recession - Economists
Germany is currently seeing better-than-predicted GDP growth, low unemployment, and steady prices. Surprisingly, economists say a recession is around the corner.
Draghi's ECB Announcement - Spain A Stealth Loser, Italy A Silent Winner
While pundits and analysts dissected a myriad angles regarding the ECB's proposal, one lesser-considered issue has been how, following the announcement of the plan Thursday, it increasingly seemed Spain was being given the short end of the stick, while Italy was being favored, by the announcement.
European Markets Continue Upward Rally On ECB Move, German Export
The European markets continued the upward rally Friday, a day after the European Central Bank (ECB) announced the widely anticipated bond-buying program aimed at lowering the struggling euro zone countries' borrowing costs.
European Stocks Fall On Economic Concerns
Most of the European markets fell Friday as investors were worried that the economic condition of the euro zone continued to weaken.
European Markets Rise On Stimulus Hopes
Most of the European markets rose Tuesday as investors were hopeful that the ECB will soon announce stimulus measures as the GDP data from Germany and France indicate that the euro zone economy continues to falter.
Financial Crisis Turns Five Years Old Today: Deutsche Bank Looks Back
A report out Thursday morning by Jim Reid, head of Global Fundamental Credit Strategy, noted the global financial crisis is five years old today, tracing the beginning of the world's economic troubles to August 9, 2007.
European Stocks Fall Amid Economic Fears
European markets fell Wednesday as investors remained concerned that there were no monetary easing measures from policymakers to boost the economy even after the increasing debt burden faced by the euro zone.
Draghi Not The Only One Telling Investors Not To Short The Euro
In a press conference Thursday, European Central Bank President Mario Draghi warned "it's pointless to go short on the euro." The suggestion was lampooned. It turns out, Draghi isn't the only one with that recommendation
ECB Head Mario Draghi In Central Banker 'Hell' After Atrocious News Conference
ECB President Mario Draghi was in policy hell Thursday after disappointing market-watchers at what was the most anticipated and important press conference of his career as a monetary policy leader.
European Stocks Rise On ECB Stimulus Hopes
Most of the European markets rose Thursday amid hope that the European Central Bank would announce stimulus measures later in the day to boost the faltering euro zone economy.
European Stocks Rise On ECB Stimulus Expectation
Most of the European markets rose Wednesday amid optimism among investors that the European Central Bank would announce bold stimulus measures to rejuvenate the economy and regain growth momentum.
European Stocks Fall But Stimulus Expectations Perist
Most of the European markets fell Tuesday but investors remained cautious with the hope that the central banks all over the world would soon announce stimulus measures to tackle the weakening global economy.
European Stocks Rise On Stimulus Hopes
Most European markets rose Monday amid expectations that the European Central Bank would announce stimulus measures to rejuvenate the euro zone economy.
Central Bank Preview: What Will Fed, ECB, BOE Do Next Week?
Next week could see some major worldwide financial implications, depending on what three of the world's largest central banks do at their scheduled meetings.
European Markets Fall On Spain, Greece Fears
Most European markets fell Monday amid continuing concerns about the deepening economic conditions in Spain and Greece.
European Markets Rise But Fed Stimulus Uncertainty Persists
Most European markets rose Wednesday but investors remained cautious as there were no strong hints that the U.S. Federal Reserve will announce more stimulus measures to boost the economic growth.
India's Tata Motors Aims For Brazil Expansion For Jaguar Land Rover
Tata Motors Ltd. (Bombay: 500570) is looking to its UK luxury car unit, Jaguar Land Rover, to drive global sales growth particularly in emerging markets like Brazil by shifting production of the Freelander out of the UK to free up assembly line space for the popular premium model, the Range Rover Evoque.
Gold Price Forecasts Are Getting Trimmed
Gold experts have further cut back price forecasts for the metal this year after a sluggish first half, a quarterly Reuters poll showed on Monday, while gains in the dollar and a dearth of physical demand are likely to clip any attempted return to last September's record high for the rest of the year.
European Markets Rise Amid U.S. Fed Stimulus Measure Hopes
Most European markets rose Tuesday as investors continued to have hopes that the U.S. Federal reserve will announce more stimulus measures to boost the economic growth.
To Shame Banks, Flash Mobs Reward Depositors Who Close Accounts With Gifts, Drama
In long forgotten days, before most bank profits came from risky speculation and taxpayer bailouts and those institutions still lived or died by their ability to attract depositors, customers who opened new checking accounts were often given toasters as tokens of appreciation.
Asian Shares Nudge Up As Investors Await China Data
Asian shares crawled higher on Tuesday after sharp losses the day before but gains were limited as investors, worried about a global economic deceleration, waited for Chinese trade data due later in the day that could set the tone for risk appetite.
European Markets Fall But Monetary Easing Hopes Persist
European markets fell Wednesday, but investors continued to expect that the central banks would coordinate to announce stimulus measures to regain the growth momentum.