UNITED STATES

Oil falls to near $79 as hurricane weakens

IBTimes Logo
Oil prices fell slightly on Tuesday but held above $79 a barrel as the dollar weakened, gold stayed strong and a late-season hurricane subsided in the Gulf of Mexico.
IBTimes Logo

UPDATE 1-China restates yuan policy after Obama comments

China on Tuesday restated its long-standing policy to maintain the basic stability of the yuan at a reasonable and balanced level, after U.S. President Barack Obama said he would discuss the currency when he visits Beijing.
More news
IBTimes Logo

HSBC, Barclays signal bad debts may have peaked

Britain's top two banks, HSBC and Barclays, signaled bad debts may be past their peak, with HSBC declaring on Tuesday the first drop in U.S. consumer finance impairments for three years.
IBTimes Logo

HSBC underlying profits ahead, U.S. bad debts dip

Europe's biggest bank HSBC Holdings said its underlying third quarter profits were significantly ahead of a year ago and said losses on U.S. consumer loans had shown their first fall in three years.
IBTimes Logo

Global stocks rise as risk favored

World stocks ticked higher on Tuesday as positive reports from UK banks kept the momentum with investors who chased risky assets in anticipation countries would keep monetary policy accommodative.
IBTimes Logo

Oil below $79 as storm fears abate

Oil prices fell to below $79 a barrel on Tuesday, as tropical storm Ida, which cut U.S. oil and gas supplies, was downgraded from a powerful hurricane and U.S. crude oil stockpiles were forecast to rise slightly.
IBTimes Logo

Asia shares rise on improving risk appetite

Asian stocks nudged higher on Tuesday on hopes continued stimulus will support economic recovery, while the dollar hovered near a 15-month low on expectations U.S. rates will remain near zero.
IBTimes Logo

Yahoo aims to boost margins

Yahoo Inc wants to triple its operating margin to 15-20 percent over the next three years by increasing revenue and keeping costs under control, CEO Carol Bartz said on Tuesday.
IBTimes Logo

Oil below $79 as storm fears abate, stocks seen up

Oil prices eased to below $79 a barrel on Tuesday, as tropical storm Ida, which cut U.S. oil and gas supplies, was downgraded from a powerful hurricane and U.S. crude oil stockpiles were forecast to rise slightly.
IBTimes Logo

Asia stocks, currencies rise on risk appetite

Asian stocks rose on Tuesday after U.S. equities hit a 13-month high, while central banks intervened to curb Asian currencies as funds flowed into riskier assets on expectations economic stimulus measures will continue.
IBTimes Logo

Dow hits 2009 high

A broad U.S. stocks rally sent the Dow industrials to a 13-month high on Monday, after the Group of 20 pledged to keep aid flowing to the world economy, strengthening investors' desire for risk.
IBTimes Logo

Oil below $79 on global stock surge, weak dollar

Oil prices eased to below $79 a barrel on Tuesday, as tropical storm Ida that cut U.S. oil and gas supplies was downgraded from a powerful hurricane and U.S. crude oil stockpiles were forecast to rise slightly.
IBTimes Logo

NY, Texas settle with Tagged.com over e-mails

The operator of Tagged.com will pay $750,000 and overhaul its practices to resolve charges that the social networking site tricked members into providing personal details to lure new members and send out tens of millions of spam emails.
IBTimes Logo

Trial of ex-Bear Stearns execs goes to jury

Pay and venue were the focus of a jury's early deliberations on Monday in the trial of two former Bear Stearns hedge fund managers accused of fraud over dealings in mortgage-backed securities early in the financial crisis.
IBTimes Logo

Daily Forecast - 10/11/2009

The Australian Dollar opens higher against the greenback today at 0.9285. Stronger than expected local housing finance data during the local session yesterday gave the currency a boost to an intraday high of 0.9241. Home loans grew by 5.1 per cent in September to 65,505 after 2 months of slowing demand in yet another signal to markets that the Reserve Bank of Australia (RBA) may need to hike rates in the coming months. The RBA is known to be concerned about unimpeded price-growth in the resident...

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.