Brent and U.S. crude oil futures pared losses on Thursday, beset by deeper geopolitical concerns on witness reports that police fired upon protesters in Saudi Arabia's Eastern province.
Facebook not only made household names out of its founders thanks to the movie The Social Network -- it has also minted the latest crop of the richest people on the planet.
Brent crude oil futures climbed back to positive territory and U.S. crude pared losses Thursday after reports from Saudi Arabia said police had fired upon protesters, traders and other market sources said.
Stocks dropped more than 1 percent on Thursday and the S&P 500 fell through a key technical level amid global economic worries, suggesting more losses may be on the way.
A net importer of Gold despite now being the world's No.1 mining producer, China saw 200 tonnes of demand during Jan. and Feb. according to an estimate from Swiss bank and bullion market-maker UBS.
U.S. stocks declined in early trade on Thursday after official data showed that applications for jobless benefits in the U.S. rose more than expected last week, after falling to the lowest level since May 2008 in the previous week.
Flanked by an entourage of assistants and advisors, Chinese mining tycoon Lian Guangming flitted from one luxury jet to another at the Asian Aerospace Expo in Hong Kong.
A strong flow of imports pushed up the U.S. trade deficit in January, a further sign of strengthening demand, while new claims for jobless aid rose more than expected last week but remained at levels suggesting a labor market recovery was intact.
Stocks fell on Thursday, with each of the major indexes dropping more than 1 percent, and the S&P fell through a key technical level, signaling further declines may be on the horizon.
The trade deficit widened much more than expected in January to $46.3 billion, as surging imports of oil, capital goods and cars overpowered record exports.
Stocks were set for a lower open on Thursday after a rating agency downgrade of Spain rekindled concerns over euro zone debt problems and disappointing economic data from China and the United states heightened global growth worries.
Official data showed on Thursday that China recorded a surprise trade deficit in February, causing Asian markets to drop on fears that monetary tightening in the country is taking a toll on economic growth.
Stock index futures fell on Thursday after a rating downgrade of Spain rekindled concerns over euro zone debt problems and weak Chinese trade data heightened global growth worries.
U.S. stock index futures fell on Thursday after a rating downgrade of Spain rekindled concerns over euro zone debt problems and weak Chinese trade data heightened global growth worries.
Shares of Focus Media Holding Ltd. (FMCN) touched a new 52-week high of $30.27 on Wednesday. The company reported Tuesday higher fourth quarter adjusted earnings as revenue in LCD display (including the movie theater network), in-store and poster frame business increased 45 percent.
Wall Street is set to open lower on Thursday, with futures for the S&P 500, Dow Jones and Nasdaq down 0.3-0.6 percent at 1019 GMT.
U.S. stocks ended modestly lower in choppy trading as unfolding events in Libya and their impact on oil prices seem to be the overriding factors to most investors.
European stocks and the euro retreated on Thursday after Moody's downgraded Spain, reigniting worries over the euro zone debt crisis, while ongoing violence in Libya kept Brent crude hovering around $116.
A 5.8-magnitude earthquake hit Yingjiang County in southwest China's Yunnan Province on Thursday afternoon, killing alt least 14 people and injuring about 135 local residents.
China swung to a surprise trade deficit in February of $7.3 billion, its largest in seven years, as the Lunar New Year holiday dealt an unexpectedly sharp blow to exports.
The top after-market NASDAQ stock market gainers are: Semtech, China Lodging Group, Fuel-Tech, China Sky One Medical, and Iridium Communications. The top after-market NASDAQ stock market losers are: Coldwater Creek, The Children's Place Retail Stores, SMTC, SIGA Technologies, and Columbia Laboratories.
The Dalai Lama has not only reiterated his decision to retire from power but also stated that Tibet needs a leader elected by the people. This assertion takes significance in the backdrop of the uncertainty over succession and China's growing interference.
