UNITED STATES

Oil slips towards $74, close to one-month low

IBTimes Logo
Oil prices slipped slightly on Monday to approach a one-month low near $74 a barrel on continuing signs of weak demand and concerns over a U.S. proposal to tighten bank trading rules.
IBTimes Logo

At least 36 dead as car bombs rock Baghdad hotels

Three large car bombs rocked well-known Baghdad hotels on Monday, killing at least 36 people and ending a 1-1/2-month lull in coordinated assaults on the Iraqi capital as the country heads into a March election.
More news
IBTimes Logo

Data breaches double in 2009

Data breaches at US companies doubled last year and are cost substantially more than other internal IT gaffes, according to new research.
IBTimes Logo

Stock futures higher as Bernanke uncertainty lessens

U.S. stock index futures pointed to a strong gain at the open on Monday and looked set to reverse a three-day selling spree that wiped out index gains for the year as U.S. Federal Reserve Chairman Ben Bernanke edged closer to winning support for a second term.
IBTimes Logo

Tishman venture gives up huge NY apartment complex

A venture led by Tishman Speyer Properties is giving up the Peter Cooper Village and Stuyvesant Town apartment complex in Manhattan to creditors, marking the collapse of one of the largest transactions during the U.S. real estate boom.
IBTimes Logo

Stock futures rebound after sharp 3-day selloff

U.S. stock index futures pointed to a 1 percent rise on Monday after the worst 3-day slide in 10 months, which came on fears that the White House plan to curb bank risk-taking would cut profits.
IBTimes Logo

Oil steadies below $75, close to one-month low

Oil prices steadied below $75 a barrel on Monday, after slipping toward a one-month low on continued market unease over possible tighter Chinese monetary policy and a U.S. proposal to toughen bank trading rules.
IBTimes Logo

Oil falls towards one-month low near $74

Oil prices fell on Monday, approaching one-month lows near $74 a barrel, on continued market unease over possible tighter Chinese monetary policy and a U.S. proposal to toughen bank trading rules.
IBTimes Logo

Stock futures signal rebound after selloff

Stock index futures pointed to a rebound on Wall Street on Monday following last week's sharp sell-off, with futures for the S&P 500 up 0.82 percent, Dow Jones futures up 0.74 percent and Nasdaq 100 futures up 0.51 percent at 4:15 a.m. EST.
IBTimes Logo

World stocks slip after Wall Street battering

World stocks added to the previous week's fall on Monday, weighed down by Wall Street losses, uncertainty over U.S. bank plans and concern that Greece's debt crisis could spread.
IBTimes Logo

Tishman venture abandons Manhattan's Stuyvesant complex: report

A group led by Tishman Speyer Properties has decided to give up the sprawling Peter Cooper Village and Stuyvesant Town apartment complex in Manhattan to its creditors in the collapse of one of the most high-profile deals of the real-estate boom, the Wall Street Journal reported on Monday.
IBTimes Logo

Tishman venture abandons Stuyvesant complex: report

A group led by Tishman Speyer Properties has decided to give up the sprawling Peter Cooper Village and Stuyvesant Town apartment complex in Manhattan to its creditors in the collapse of one of the most high-profile deals of the real-estate boom, the Wall Street Journal reported on Monday.
IBTimes Logo

Obama plan could hurt U.S. banks: Swiss banker

President Barack Obama's proposals to split traditional banking activities from riskier areas will harm U.S. banks without international co-ordination, a prominent Swiss banker said in Monday's Financial Times.
IBTimes Logo

Oil slips, approaching one-month lows below $74

Oil prices fell on Monday, approaching one-month lows near $74 a barrel, on continued market unease over possible tighter monetary policy in China and a U.S. proposal to tighten bank trading rules.
IBTimes Logo

Asian stocks slide but recover from lows

Asian stocks fell on Monday after Wall Street's worst three-day slide in 10 months, but moved off intra-day lows as a gain in U.S. futures signaled New York markets could recover some of last week's losses.
IBTimes Logo

Asia stock slide deepens; tech shares weak

Asian stocks fell on Monday after Wall Street suffered its worst three-day slide in 10 months, but losses were muted, and high-yielding currencies edged up as some investor appetite for riskier assets surfaced.
IBTimes Logo

Gold advances as dollar dips

Gold prices recovered in Asian trade Monday as the dollar dropped, reviving demand for the precious metal as an alternative asset. Spot gold was seen trading at $1,099.81 an ounce at 12.00 noon Singapore time while February delivery in New York was at $1,099.20 an ounce at the same time. The precious metal, which touched an all-time high of $1,226.56 last month, slumped to a one-month low of $1,081.95 an ounce on Jan. 22.
IBTimes Logo

Myanmar says Suu Kyi to be freed in November: witnesses

Myanmar pro-democracy leader Aung San Suu Kyi will be freed when her house arrest ends in November, according to a government minister quoted by witnesses on Monday, but critics said that may be too late for this year's elections.
IBTimes Logo

FOREX-Yen, dlr dip as Bernanke moves closer to 2nd term

The yen and the U.S. dollar dipped on Monday while the euro and high-yielding currencies advanced, lifted by reports that Ben Bernanke was moving closer towards being confirmed for a second term as chairman of the Federal Reserve. Markets have been fretting since late last week over whether Bernanke would be approved for the job. [nN24141266]
IBTimes Logo

China says Internet controls here to stay

China has every right to punish citizens using the Internet to challenge Communist Party power and ethnic policies, a senior official said Monday, pressing Beijing's counter-offensive against Google Inc.
IBTimes Logo

Futurology: Why US hegemony will decline?

One can't think of futurology without mentioning George Orwell (1984 fame) or Alvin Toffler (Third Wave). Whenever, one comes across Futuristic predictions we get reminded of Toffler or Orwell.I was reminded of them when I read the latest provocative forecasts of the Futurist Magazine.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.