Yen cuts earlier gains as it slides vs Aussie
The yen reversed steep early gains and slid on Monday in choppy trade as market players bought the Australian dollar against the Japanese currency ahead of an expected rate hike in Australia this week.
Goldman in talks to buy Fannie tax credits: report
Goldman Sachs Group Inc is in talks to buy millions of dollars of tax credits from Fannie Mae, but the U.S. Treasury could block the deal, The Wall Street Journal reported on Sunday.
Sony shares slide despite lifting annual outlook
Shares in Sony Corp lost nearly 6 percent on Monday as investors shrugged off the electronics maker's upward revision to its earnings forecast and sold on worries over the U.S. market and a stronger yen.
China's Africa goals more than just natural resources
Barely a month goes by without some new energy or mineral deal being struck between China and an African nation. These deals have transfixed the West, but China gets far more from the relationship than raw resources.
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CIT Group files for bankruptcy
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Yen, dollar advance as risk taking cools
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Ford suffers UAW setback, Canadian workers OK cuts
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Wall St Week Ahead: Goodbye to all that stimulus?
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CES 2021 Highlight: Robot Vacuum And Mop From Roborock Unveiled, 50Hz Scrubber For Tough Stains
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CES 2021 Highlight: HONOR Band 6 Global Version Launch, The Most Functional Affordable Fitness Tracker to Date
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Daily Forecast - 11/01/2009
The Australian Dollar begins the new week sharply lower against the greenback at 0.8990. After a local session of range-trading on Friday which saw the Aussie move as high as 0.9174, volatility returned offshore as U.S consumer spending fell 0.5 per cent in September as economic stimulus starts to dry up. High yielding currencies came under selling pressure throughout the New York trading session as the data indicated that consumers will make a limited contribution to the recovery without govern...
CIT Group files for prepackaged bankruptcy
CIT Group Inc, a century old lender to hundreds of thousands and small and medium-sized businesses, filed for bankruptcy on Sunday, as the global credit crisis left it unable to fund itself and the recession clobbered its loans.
Fed seen on hold as outlook uncertain
The U.S. economy may have turned a corner after the deepest recession in some 70 years, but Federal Reserve policymakers appear to be in no rush to raise interest rates.
Cubans say access to online market site is blocked
A popular website of classified ads that has given Cubans a taste of the free market has been blocked on the communist-run island, Internet users said.
Madoff documents reveal incredulous, unfocused SEC
U.S. securities investigators raised repeated concern over how Bernard Madoff could be running an honest business, but never followed through on the many red flags they uncovered.
Lagostina, Alessi, Bialetti tough out recession
A giant silver teapot shines in the pale sun outside the Alessi factory, its scale a measure of how in the 1980s and 90s Italian kitchenware, from espresso-makers to lemon-squeezers, grew into objects of desire.
October retail sales look to capture fall momentum
U.S. retailers are expected to post positive October sales results this week, but investors hoping for a clear signal on economic recovery could be in for disappointment, industry experts said.
Obama says new data shows economy recovering
President Barack Obama said on Saturday this week's positive job and economic growth figures proved that his big spending efforts to stimulate the economy were working.
Delaware beats Switzerland as most secretive financial center
- Move over Switzerland. The tiny state of Delaware beats the Alpine country in a contest for the most secretive financial jurisdiction, a tax justice rights group said on Saturday.
Delaware beats Swiss as most secretive financial center
- Move over Switzerland. The tiny state of Delaware beats the Alpine country in a contest for the most secretive financial jurisdiction, a tax justice rights group said on Saturday.
Silicon Valley's TeleNav seeks $75 mln in IPO
TeleNav Inc, a Silicon Valley-based provider of voice-guided navigation services for mobile phones, filed plans with U.S. regulators on Friday to raise as much as $75 million in an initial public offering.
Banco Brasil wants $5.7 bln US share sale -paper
Banco do Brasil, Brazil's biggest bank, wants to fetch up to 10 billion reais ($5.7 billion) in a share offering in the United States to replenish its capital base, newspaper O Estado de S. Paulo reported on Saturday, citing unnamed sources.
Union withdraws bid to represent some Delta workers
The International Association of Machinists and Aerospace Workers said on Friday that it withdrew its application to hold a representation election for fleet service workers at Delta Air Lines Inc, a move the U.S. carrier called repugnant.
Obama says new data shows U.S. economy recovering
President Barack Obama said on Saturday this week's positive job and economic growth figures proved that his big spending efforts to stimulate the economy were working.
Japan preparing up to $5 billion in Afghan aid: report
Japan is preparing new aid for Afghanistan of up to $5 billion (3 billion pounds) to be used to help former Taliban fighters find jobs and build roads, a big increase from previous commitments, the Nikkei newspaper said on Saturday.
Afghan vote in the balance, Abdullah set to decide
Afghan President Hamid Karzai's election rival Abdullah Abdullah will announce on Sunday whether he will take part in next week's disputed run-off vote, his campaign said after speculation mounted he will pull out.
Iran's Mousavi hints at new opposition rally
Iranian opposition leader Mirhossein Mousavi appeared to urge his supporters on Saturday to take part in rallies on November 4 marking the 30th anniversary of the seizure of the U.S. embassy in Tehran.
Clinton meets Abbas in new Middle East peace push
U.S. Secretary of State Hillary Clinton met Palestinian President Mahmoud Abbas on Saturday, launching a rapid series of meetings with Palestinian and Israeli officials to keep up pressure for a new Mideast peace deal.
Permira among final bidders for Bellsystem24: sources
Permira, Bain Capital and a team of CVC Capital and Blackstone have made offers in the final round of bidding for Citigroup Inc's Japanese telemarketer Bellsystem24, seven people with direct knowledge of the deal said.
KKR's Dollar General sets terms for $750 million IPO
Kohlberg Kravis Roberts & Co's discount retailer Dollar General Corp set the terms of its initial public offering on Friday, in a sign that the $750 million offering could price by mid-November.
AIG says won't sell two Japan units Edison and Star
American International Group Inc said on Friday it was no longer looking to sell two of its Japanese units, the latest sign that its new chief executive may be taking a slower approach to restructuring.
Panasonic to launch Sanyo tender offer Thursday: Nikkei
Panasonic Corp will launch its tender offer for shares of smaller rival Sanyo Electric Co as early as Thursday, the Nikkei newspaper said, after the deal won approval from Chinese regulators.
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