A U.S. bailout watchdog has launched two new investigations into the New York Federal Reserve Bank's actions on insurer AIG's disclosure of payments to banks after its 2008 rescue, excerpts of prepared congressional testimony showed on Monday.
Britain needs a safer and more robust banking system, its top central banker said on Tuesday, urging the country to work with President Barack Obama on his plans for a drastic overhaul of the global financial system.
Standard and Poor's on Tuesday threatened to cut Japan's credit rating unless it produced a credible plan to rein in its soaring debt and lift growth in an economy plagued by persistent deflation.
Major U.S. stock exchanges are pressing the regulator to allow price quotes in increments as small as one-tenth of a cent, the Wall Street Journal said on Tuesday.
Stock index futures pointed to a lower opening on Wall Street on Wednesday, following declines in Asia after China implemented an increase in higher reserve requirements for some lenders.
Chinese state media stepped up their war of words with the United States over Internet control on Tuesday, with a top newspaper claiming a U.S. conspiracy and saying China can live without Google.
Asian stocks slid on Tuesday, with Taiwan suffering its worst one-day fall in six months, as fears mounted that China could impose further measures to curb soaring loan growth, potentially dampening a global recovery.
U.S. retail sales should rise 2.5 percent this year, signaling that store chains have made it through the worst of the downturn as improvements in the housing and job markets bolster shoppers' confidence, a trade group forecast on Tuesday.
Asian stocks fell on Tuesday as fears of further clampdowns on lending in China and a U.S. plan to freeze domestic spending sparked worries about the outlook for global growth.
Avatar, which is set to beat 'Titanic' in the next few weeks as the all-time record holder for U.S. Domestic box-office receipts is still relatively far from beating 1933's “Gone With the Wind” as the inflation-adjusted box office champion.
Amgen Inc issued a 2010 forecast on Monday that showed potential to exceed Wall Street expectations, but the company's slightly higher fourth-quarter profit came in shy of analyst estimates primarily due to higher expenses.
The yen held broadly steady on Tuesday, hovering below a nine-month peak struck against the euro last week and taking a breather from a rally triggered by the onset of risk reduction. The yen surged last week as investors dumped higher-yielding currencies and risky assets on concerns that China's efforts to curb its surging economy could impair global growth and worries over a White House plan to curb risk-taking among banks.
With the copper prices rising day by day, several companies have decided hike the price of their consumer durable products, which need usage of copper. Companies like LG, Godrej & Boyce, Videocon and Whirlpool may hike the prices by around 5% in refrigerators, washing machines, air conditioners and flat panel displays by March to make up for increasing input costs.
The U.S. Senate looked likely to grudgingly approve Ben Bernanke to a second term as Federal Reserve chairman this week after the White House stepped in to defend his crisis-fighting record and rally votes.
President Barack Obama will deliver his first State of the Union speech at 9 p.m. EST on January 27 to reassure Americans about their jobs and the economy.
President Barack Obama, concerned by voter anxiety over high unemployment, will use his State of the Union speech on Wednesday to reassure Americans worried about jobs and the economy, aides said.
Apple Inc. on Monday reported its strongest quarter ever in revenue and net income for the first quarter of 2010, on the back of strong sales of its iPhone and Mac computers.
Yesterday's surprise 0.4% decline in the Producer Price Index did little to curb the markets support for the Aussie dollar around 90 cents as it traded at an intraday high near 0.9075.
Stocks snapped a three-day slide on Monday as signs that Federal Reserve Chairman Ben Bernanke would win a U.S. Senate vote for a second term helped ease investors' concerns.
Sales of previously owned U.S. homes suffered a record drop last month as the boost from a popular tax credit waned, raising doubts the housing market recovery can be sustained without government support.
Stocks snapped a three-day slide on Monday as signs that Federal Reserve Chairman Ben Bernanke would win a Senate vote for a second term helped ease investors' concerns.
General Motors Co Chairman Ed Whitacre said on Monday he would stay on as chief executive indefinitely, ending an eight-week search for his successor in a move intended to bring stability to the automaker's turnaround plans.
