The S&P 500 hit a 17-month closing high as rising bank shares led a late rally that lifted stocks on Thursday, more than offsetting worries China may move to cool its overheating economy.
The number of U.S. workers filing new claims for unemployment benefits fell only slightly last week, indicating a sluggish return to jobs growth. The U.S. trade gap shrank as oil imports fell.
The U.S. stock market recovered from losses caused by China's inflation data and an underwhelming U.S. unemployment claims report to trade positive for the day.
Worries that China may move to cool its overheating economy weighed down U.S. stocks on Thursday, but rising bank shares kept the market near break even.
U.S. stocks edged lower on Thursday as China inflation data raised worries about reduced demand from one of the world's largest economies, but gains in big-cap technology shares limited losses.
EUR/USD has been range-bound since the beginning of the U.S. session on Wednesday as it failed to break out of the range when the unemployment claims report was released at 8:30 am Thursday morning.
China's insatiable demand for energy to power its economy has made it a serious contender in the fight for control over vast energy resources in its thinly populated and impoverished western backyard.
U.S. stocks fell on Thursday as U.S. jobless claims fell less than expected and inflation in China rose to a 16-month high, raising worries about money tightening in one of the world's largest economies.
China's trade surplus should not be used as an argument in favour of letting the yuan appreciate, Commerce Minister Chen Deming said on Thursday.
The U.S. stock market tracked losses of European markets as China's CPI report sparked concerns about inflation and the steps the nation's government may take to combat it.
They build the skyscrapers and lay the highways, mind the city children, sew the clothes and tend the shops, but China's army of migrant laborers are still fundamentally aliens in the country's bustling urban centers.
U.S. stock index futures pointed to a lower open on Thursday as weekly U.S. jobless claims fell and data showed a jump in Chinese inflation.
Media companies longing to bring a paid-for culture to the Internet might just get what they want if they pay more attention to the smartphone revolution that is changing the way people access the Web.
U.S. bank JPMorgan has agreed to set up an investment banking venture with China's First Capital Securities this year.
Taiwan will further scrutinize American International Group's stalled $2.2 billion sale of its Nan Shan Life unit, and may decide on its fate before the end of June.
U.S. stock index futures were lower on Thursday ahead of a report on weekly jobless claims and after data showed a jump in Chinese inflation.
U.S. stock index futures were slightly lower on Thursday ahead of data on weekly jobless claims and international trade.
India has adjusted its export tax on iron ore several times over the last two years as the government tries to contain inflation and meet demand from domestic industries.
India's export taxes on iron ore and plans to ramp up supplies to domestic steel mills will cut shipments to key buyer China in the long term, and aid miners wrangling for a steep hike in term prices, if not scrap them.
Trying to guess when the Bank of Japan will make its next policy move? For now, try watching the yen.
In a tunnel deep beneath Shenyang's busy streets, Lu Ze flicked a switch and a lone light bulb revealed a cluttered concrete floor.
Chinese consumer inflation spurted to a 16-month high in February and a raft of economic data displayed broad-based strength, providing fresh arguments for policy tightening sooner rather than later.