The Dow dropped more than 200 points on Tuesday, handing Wall Street its worst day in almost three months on renewed fears of a disorderly default in Greece and concerns that China's slowdown would hit global growth.
U.S. stocks finished Tuesday with the worst one-day decline so far in 2012 as a sell-off spread from Europe driven by fear of a disorderly default in Greece and a slowdown in global economic growth.
Stocks fell the most in nearly three months on Tuesday, with the Dow tumbling more than 200 points as the risk of a disorderly default in Greece and a reduced growth target in China dented recent confidence in the global economic recovery.
You could hardly do better than Chateau du Grand Moueys if you were looking for a metaphor to demonstrate Chinese interests in European wines, luxury goods and travel.
Equities worldwide were in sell-off mode Tuesday, as nagging uncertainty about Greece, sobering news about China's economy and traders' realization that U.S. and European central banks might be finished with cash infusions all seemed to weigh on investors.
Stocks fell the most in nearly three months on Tuesday with the Dow tumbling more than 200 points as recent government data rekindled concerns about global growth and a deadline loomed for private holders of Greek debt to agree to hefty losses.
Stocks were on track to post their worst day so far in 2012 on Tuesday as recent government data rekindled concerns about global growth and as a deadline loomed for private holders of Greek debt to agree to hefty losses.
Industrial and Commercial Bank of China Ltd , the world's most valuable lender, said in a statement that its gold leasing business reached 62.8 tonnes of physical metal in 2011.
On Monday afternoon, Arizona Republican John McCain became the first U.S. Senator to call for air strikes against the Syrian regime of Bashar al-Assad. A senior Obama administration official said that the president and his advisers “share his concern and outrage about what’s taking place.
Despite a slowing growth rate in 2011, Brazil's economy overtook the United Kingdom to become the sixth biggest in the world.
Gold fell 2 percent in heavy volume on Tuesday after breaching a key support, as renewed concerns about Greece's debt triggered economic fears, while some analysts say the metal looks oversold and poised for a rebound.
Stocks were on track to post their worst day so far in 2012 on Tuesday as recent government data rekindled concerns about global growth and as a deadline loomed for private holders of Greek debt to agree to hefty losses.
General Motors Co. saw a 30.4 percent year-over-year jump in sales of passenger cars in China in February, a record-setting month for the United States automaker. Sales rose primarily due to the absence of the Lunar New Year holiday, which fell at the beginning of the month last year.
The macroeconomic measures adopted under Deng Xiaoping -- infrastructure, deregulation, privatization, decentralization, attraction of foreign investment and improved access for exports -- must now give way to changes in how the real economy operates.
In honor of International Women’s Day 2012, here's a look at the best and worst places to be a woman. Caution: The results may surprise you.
Wall Street fell on Tuesday on renewed concerns that Greece and private bondholders may not meet a looming deadline to complete a debt swap and as caution grew over the global economic outlook after recent weak data.
As Apple Inc, the world's most valuable listed company, braces itself for a report into alleged poor working conditions among its army of low-cost suppliers in China, it could heed the lessons from another big-brand retailer that faced similar issues two decades ago.
Everyone's favorite Nabisco cookie, the Oreo, turned 100 on Tuesday. The iconic cookie sandwich has survived two World Wars, the Great Depression, the Cold War and Middle East turmoil.
Gold prices fell more than 1 percent in Europe on Tuesday, pushing through support at $1,690 an ounce, as jitters over whether private creditors will agree to a Greek bond swap deal and wider euro zone growth pressured the euro versus the dollar.
Iran on Tuesday said it will give U.N. weapons inspectors access to a secret military complex where it's believed work on a nuclear weapon may be taking place, as Western countries offered to resume talks with Tehran over its nuclear program.
There continue to be multiple signs that the U.S. economy is expanding at a solid clip.
Wall Street was set to open lower on Tuesday on renewed concerns that Greece and private bondholders may not meet a looming deadline to complete a debt swap and as caution grew over the global economic outlook after recent weak data.
