Nguyen Duc Kien, one of the richest tycoons in Vietnam's banking industry, has been arrested for conducting "illegal business," prompting fears among customers who have withdrawn hundreds of millions of dollars since the news broke out on Monday.
Labor unrest weighed on the fiscal year results of Impala Platinum Holdings Ltd. (PINK: IMPUY), the world's second--largest platinum producer, and the situation remains "fairly volatile," the company said Thursday
Hewlett-Packard Co. (NYSE: HPQ) CEO Margaret (Meg) Whitman has been swinging her ax at the company’s payroll: during the third quarter ended July 31, as 4,000 left the company as part of her plan to trim the roster, which was 349,600 on Oct. 31.
The number of Americans lining up for new jobless benefits rose more than expected last week, the Labor Department said Thursday, suggesting little improvement in the labor market.
While the world braces for the next euro zone fiscal crisis flare-up, an analyst at Japanese financial conglomerate Nomura suggests that whatever bad news is just around the corner will not damage global economies as much as such crises once did.
All told, the number of ‘fat’ Americans far surpasses those of any racial, ethnic or religious minority.
China Unicom, Ancestry.com, Logitech International, Zynga, Newmont Mining, Infosys, Hewlett-Packard Co and Whitestone REIT are among the companies whose shares are moving in the pre-market trading Thursday.
Most of the Asian markets rose Thursday amid hopes that the U.S. and China would soon announce stimulus measures to tackle the weakening global economy.
The U.S. stock index futures point to a higher open Thursday as investor sentiment was lifted by expectations that policy makers around the world would announce monetary easing measures to regain the economic growth momentum.
European markets rose Thursday as investors were hopeful ahead of the meetings between the Greek and other euro zone leaders this week to discuss measures to tackle the economic and financial instability affecting Greece.
The top after-market Nasdaq gainers Wednesday were The Hain Celestial Group, Pacific Sunwear of California Inc, Synopsys Inc, Ctrip.com International Ltd and Kandi Technologies Corp. The top after-market Nasdaq losers were DFC Global Corp, XOMA Corporation, Kayak Software Corporation, Semtech Corporation and RF Micro Devices Inc.
The top after-market NYSE gainers Wednesday were Western Asset Mortgage, SunTrust Banks, Best Buy Co, Trinity Industries and Krispy Kreme Doughnuts. The top after-market NYSE losers were Guess?, Inc, International Rectifier, Hewlett-Packard, Big Lots and Whitestone REIT.
Asian stock markets were mostly higher Thursday after details from the Federal Reserve's most recent policy meeting suggested that the central bank might act again to bolster the U.S. economy.
China's manufacturing activity fell in August compared to that in July, according to the preliminary HSBC Flash Purchasing Managers Index released Thursday.
Asian shares rose and the euro hit a seven-week high Thursday as the Federal Reserve's minutes raised the prospect for more U.S. stimulus while uncertainty continued over progress in Europe's debt crisis, including the European Central Bank's bold action.
Are you entitled or empowered? Do you feel you are owed, or do you feel you own something? This simple choice reflects your view of the world. It stands for your self-image.
The announcement Wednesday that the notoriously fangless British Financial Services Authority is going after the most blatant fraudsters in U.K. finance opened a window on some of the sleaziest financial hucksterism in Great Britain.
The Congressional Budget Office said Wednesday that the so-called fiscal cliff, the simultaneous tax hikes and government spending cuts that take effect Jan. 1, 2013, will send the U.S. economy into recession next year.
Bank of America Corp. (BAC) discontinued credit protection services to customers as it came under scanner for allegations of customer enrollments through improper practices and charging customers without consent. A class action suit is reportedly pending against BAC on the issue.
Is the U.S. economy headed for a recession before it fully recovers from the last one? There's no better indicator to watch than trash.
Toll Brothers Inc, Nokia Corp, Delhaize Group, First Solar Inc, Yelp, CenturyLink, Carnival Plc and Travelers Companies are among the companies whose shares are moving in the pre-market trading Wednesday.
Asian stock markets declined Wednesday as weaker-than-expected Japanese trade data dampened sentiment.
U.S. stock index futures pointed to a lower open Wednesday as investor confidence was weighed down by the report that Japan returned to trade deficit in July indicating a soft global demand and weakening economic growth momentum.
European markets fell Wednesday as investors were disappointed to note that Japan returned to trade deficit in July, which was another indication of the weakening global economic condition.
The top after-market Nasdaq gainers Tuesday were Vitesse Key Tronic Corporation, Alexza Pharmaceuticals Inc, Affymax Inc, Fifth Third Bancorp and Warner Chilcott plc.The top after-market Nasdaq losers were Ultra Clean Holdings Inc, Dell Inc, Career Education Corporation, Thomas Properties Group and Amkor Technology Inc.
The top after-market NYSE gainers Tuesday were Williams-Sonoma, La-Z-Boy Inc, Express, Inc, GenOn Energy and Pioneer Energy Services Corp. The top after-market NYSE losers were Qihoo 360 Technology, EnCana, Beazer Homes, Tim Hortons and Agrium Inc.
Bank employees in India began a two-day strike on Wednesday to protest against proposed reforms that would ease mergers and allow more private capital, including foreign investment, in the banking sector.
Japan reported Wednesday a rise in trade deficit in July compared to the previous month with a decrease in exports and an increase in imports, raising concerns of the global economic condition.
Most of the Asian markets fell Wednesday as investor confidence was weighed down by the report that Japan's trade deficit increased in July, raising more concerns about the faltering global economy.
Asian shares fell Wednesday morning after recent rally, but the euro held near a seven-week high on hopes the European Central Bank will act to rein in surging euro zone borrowing costs and policymakers will find ways to keep Greece on lifelines.
