Asian Markets Drop on European Debt Fears
Asian shares fell and the euro slipped Tuesday amid fears that Europe's sovereign debt troubles are worsening and could trigger a second full-blown banking crisis.
Nigeria to put 5-10 pct of FX reserves into yuan
Nigeria's central bank plans to diversify its $33 billion in foreign exchange reserves away from the dollar by switching a tenth of the stockpile into yuan, underlining the momentum behind China's drive to internationalise its currency.
S.Africa stocks tumble, rand slips as global markets weaken
South Africa's stocks fell more than 2 percent on Monday and the rand hit one-week lows to the dollar, with further losses seen this week as worries about the global economy and euro zone debt crisis persist.
European Markets Rocked Monday; Wild Ride Expected for U.S. Markets Tuesday
European stocks got hammered on Monday and the euro tumbled as well, as investors moved into safe assets. Rising fears over Europe's sovereign debt crisis and economic growth concerns in Europe and the U.S. is driving the move away from equities. The yield on the benchmark 10-year German government bond fell to well below two percent -- a new record. The Stoxx Europe 600 index fell 4.1 percent Monday, closing at 223.45.
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Global Economy in Danger Zone - World Bank Chief
The world economy is stepping into a new danger zone, World Bank President Robert Zoellick said on Saturday, as growth slows and investor confidence weakens.
Rupert and James Murdoch Paid $50 Million
The fact that father and son took home more than $50 million last year will no doubt be the latest controversy facing the duo.
National Cathedral Installs Netting Before Obama Visit
The Washington National Cathedral, which will be visited by President Obama on Sept. 11, is installing safety netting installed across its interior vaulting to protect visitors from the possibility of falling debris.
TSX drops on US jobs data, golds cushion fall
Toronto's main stock index dropped sharply on Friday morning after dismal U.S. jobs data signaled the frail state of the world's largest economy, but rallying gold miners helped break the fall.
Economy Getting You Down? Check Out These Favorite Cars of Celebrities
Don't let the recession get you down: Vintage automobiles that belonged to celebrities are on display.
State Lotteries Boom in Tough Economic Times
In a tough economy-spending on everything from cars to electronics to vacations takes a hit. But at least one luxury items has seen sales increases: Lottery Tickets.
Financial Crisis Looms: Central Banks Fleeing to Fed
Central banks from around the world are placing record sums of money into the Fed as a safe haven, at amounts even higher than during the Lehman Brothers meltdown.
Labor Day: A Look at the Holiday's Controversial Origins
President Grover Cleveland established Labor Day as a national holiday in the hopes of being re-elected
Tropical Storm Lee: Oil Resurfacing Near Site of BP Disaster
Oil and an oil sheen covering several square miles of water are surfacing near the site of last year's BP Macondo Well disaster, prompting concerns that the well might not be plugged as Tropical Storm Lee gathers strength.
Stock Market Friday: The Great Goose-Egg Economy
Give credit to the co-manager of trading at Themis Trading, Sal Arnuk, for encapsulating Friday's lousy economic data, slumping stock market and clueless American president.
Gulf Disturbance: Oil Resurfacing Near Site of BP Disaster
Oil and an oil sheen covering several square miles of water are surfacing near the site of last year’s BP Macondo Well disaster, prompting concerns that the well might not be plugged.
Bachmann Calls for Occupancy Adjustment in White House
The Republican presidential candidate Michele Bachmann said Friday that America needs “a major adjustment in the occupancy of the White House.”
Major U.S. Banks Face Federal Lawsuit Over Mortgages
Some of the nation's largest banks are under threat of a mortgage lawsuit from the federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac.
Fear of Poor U.S. Job Numbers Spooks European Markets
European shares fell sharply on Friday, snapping a four-session rally, as traders feared U.S. non-farm payrolls numbers could signal a return to recession.
U.S. Factory Sector's Expansion In August Eases Imminent Recession Concern
Paraphrasing the late, great writer Mark Twain, the reports of the U.S. manufacturing sector's death are greatly exaggerated -- the nation's factory sector unexpectedly expanded in August, easing concern that the U.S. economy is headed for another recession
iPad App Accesses 6,000 White Papers
An iPad app gives users access to more than 6,000 corporate white papers.
Tropical Storm in Gulf Could Further Strain Commodities Prices
Prolonged periods of heavy rain from the new tropical storm in the Gulf of Mexico will do little to alleviate severe drought conditions that have plagued the nation's midsection.
Cadillac SRX Offers More Powerful 3.6L Engine
Cadillac will offer a new, more powerful engine for the 2012 SRX.
Gulf Could Take a Hit From Latest Storm
If a new tropical storm gains momentum and becomes a hurricane, it could wreak havoc on oil production in the Gulf of Mexico.
TD Bank raises dividend as profit jumps 23 percent
Toronto-Dominion Bank (TD.TO: Quote) boosted its dividend on Thursday as it reported that strong loan volumes in the United States and Canada drove it to a higher-than-expected quarterly profit, pushing its shares higher.
Cadillac to Launch Compact ATS Sedan in 2012
It's the automotive world’s version of the popular Tall, Grande and Venti sizes of coffee cups at Starbucks.
Kenya interbank rate tumbles, stocks drop
Kenya's interbank lending rate tumbled to 19.2515 percent on Tuesday from 27.7299 percent the previous day, central bank data showed on Thursday, as the bank's action last week to bring down interbank rates filters through the market.
Nigeria's Access Bank to buy rival Intercontinental
Nigeria's Access Bank said on Thursday it will spend 50 billion naira to acquire a 75 percent stake in rescued rival Intercontinental Bank and combine both firms' operations within 12 months of the merger.
SEC Accusation: Former Venture Capital Pro Usurped Firm's Funds
The SEC is accusing a former venture capital pro of breaching his fiduciary duty and usurping his ex-employer’s funds to launch a separate investment vehicle.
How to Make Money from Consumer Spending Drop
Discount retailers stand to gain from tighter consumer spending.
New Hurricane Could Disrupt Gulf Oil
If a new tropical storm gains momentum and becomes a hurricane, it could wreak havoc on oil production in the Gulf of Mexico.
Saudi Arabia Expected to Raise Oil Prices
The world’s top oil exporter is expected to increase official oil selling prices of October crude for Asian clients.
Compensation Study: Corporations Paid CEOs More Than Uncle Sam
A new study shows that 25 major American corporations last year paid their chief executives more than they paid the government in federal income taxes.
U.S. Stock Futures Fall Ahead of Key Macro Data
Stock index futures pointed to a weaker open on Wall Street on Thursday, with futures for the S&P 500, Dow Jones and Nasdaq 100 down 0.1 to 0.4 percent.
European Stocks and Euro Dip
Financial markets kicked off September in a cautious mood Thursday with European stocks lower and world equities struggling to keep up what would be a five-day winning streak.
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