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Traders work on the floor of the New York Stock Exchange

US futures edge lower, FOMC statement eyed

Futures on major U.S. stock indices point to a modestly lower opening on Tuesday as investors awaited a wave of economic data including the US Federal Federal Open Market Committee statement (FOMC)

US falls way behind China in IPO value

A man walks into the trading hall of the Hong Kong Exchanges and Clearing in front of Christmas lighting in Hong Kong - file photo.
Even as the risk appetite of global investors is picking up steam once again, emerging economies have gone past the U.S. in leading the investment pick-up.
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An employee walks in front of shelves with newly made shoes at a leather shoe factory in Hefei, Anhui province - file photo

Chinese products attract most anti-dumping measures worldwide: WTO

China was the subject of most number of anti-dumping investigations in the first half of the year, and products exported from China attracted the highest number of anti-dumping measures by other countries, the World Trade Organization (WTO) has said in a report.
Australia blames US over Wikileaks, not Assange

Australia blames US over cable leaks, not Assange

Australian Foreign Minister Kevin Rudd blamed the United States over the leaked diplomatic cables and maintained that Wikileaks founder Julian Assange 'is not himself responsible for the unauthorized release'.
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Charges read out to Assange in UK court; Prosecution objects to bail

Julian Assange appeared at UK's Westminster magistrates court a short while ago, where the charges were read out to him, setting off a judicial process leading to his possible extradition to Sweden. The Sky News said Assange had sought Australian consular assistance and that staff of the Australian High Commission were with him inside the court.
Traders work on the floor of the New York Stock Exchange

US stocks open higher after tax cut deal

U.S. stocks advanced in early trade on Tuesday as sentiment was buoyed by President Barack Obama's announcement of an agreement with Republicans on a plan to extend income tax cuts for all Americans.
OPEC

OPEC crude output drops in Nov. despite demand staying same

Crude production from the Organization of the Petroleum Exporting Countries (OPEC) dropped in November by around 70,000 barrels per day (bpd) to 29.1 million bpd, a Platts survey of oil industry officials and analysts showed on Monday.
Traders work on the floor of the New York Stock Exchange

US stocks fall on Bernanke remarks for more Fed easing

S&P 500 Index slid 3.63 points, or 0.31 percent, to trade at 1,220.95 at 09:55 a.m. EST. The Dow Jones Industrial Average is down 30.08 points, or 0.26 percent, to trade at 11,352.01. The Nasdaq Composite Index fell 0.28 percent to trade at 2,584.64.
South Korean Trade Minister Kim Jong-Hoon (L) talks with his U.S. counterpart Ron Kirk (R) during their meeting in Seoul November 8, 2010.

US-South Korea FTA: Whose win is it anyway?

During the negotiations (with the U.S.), I did not think of Yeonpyeong Island or the USS George Washington. I have just mulled over the benefits and losses in terms of trade, South Korean trade minister Kim Jong-hoon said, apparently to refute criticism that Seoul gave away ground to the U.S. in the aftermath of the geopolitical crisis precipitated by last week’s shelling by North Korea on South’s islands.
Traders work on the floor of the New York Stock Exchange

US stock futures point to lower open

Futures on the S&P 500 are down 0.30 percent to 1,219.80, futures on the Dow Jones Industrial Average are down 0.21 percent to 11,340.00 and Nasdaq100 futures are down 0.19 percent to 2,183.00.
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Gold jumps to $1,414 per oz on doubts on U.S. economy

Gold rose almost 2 percent on Friday, ending the week on $1,414 an ounce just a few dollars below the all-time record, as the dollar tumbled after disappointing jobs data cast doubt on the strength of the U.S. economic recovery.
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X-37B unmanned space shuttle lands successfully

The US Air Force's secret unmanned space shuttle X-37B landed at 1:16 a.m. Pacific time on Friday, concluding its more than 220-day experimental test mission. It was launched from Cape Canaveral Air Force Station, Fla., on April 22.
A woman browses job openings at a job fair in Los Angeles

US unemployment edges up

The unemployment rate in the U.S. surprisingly edged up in November after remaining constant for three months, the U.S. Labor Department reported on Friday.
Traders work on the floor of the New York Stock Exchange

US futures decline after jobs data

Futures on major U.S. stock indices point to lower on Friday after a government report showed that the unemployment rate unexpectedly increased in November.
US Dollar BIll Seen

US dollar’s status under threat as China expands trade settlements in yuan

Once yuan becomes fully convertible, countries importing Chinese goods will invariably have to have a reserve of yuan. And they will have to build up a yuan reserve by offloading their dollar reserves. If a major chunk of ASEAN and Latin American countries take this path, it will seriously dent the greenback's status as the global reserve currency.
Traders work on the floor of the New York Stock Exchange

US futures edge lower; jobs data eyed

Futures on major U.S. stock indices point to modestly lower opening on Friday ahead of key U.S. monthly non-farm payrolls and unemployment data from the government.

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