South African stocks rose to their highest level in more than six weeks on Tuesday, bouncing back from the previous session's decline, with gold miners among the top gainers as the domestic currency falters and bullion prices cruise higher.
South Africa's rand briefly ploughed a fresh 14-month low against the dollar on Tuesday before wiping out most of those losses as comments that Italy is not likely to default on its debt helped ease some of the risk aversion that has beset emerging markets.
Toronto's main stock index rebounded on Tuesday, after touching a one-week low in the previous session, as bargain-hunters returned to the market and gold miners rose along with bullion prices.
The top pre-market NASDAQ Stock Market gainers are: Universal Display, ARM Holdings, Momenta Pharmaceuticals, Micron Technology, Sina, and Apple. The top pre-market NASDAQ Stock Market losers are: Mellanox Technologies, Logitech International, Netflix, ASML Holding, and Teva Pharmaceutical Industries.
FBR Capital Markets believes Prudential Financial Inc. (NYSE: PRU) will execute the $1.5- billion stock repurchase and will maintain an additional capital margin of $3.2 billion through the year-end 2013.
RBC Capital Markets hosted an Aerospace & Defense bus trip for investors in Philadelphia and New Jersey, visiting Precision Castparts Corp. (NYSE:PCP), Triumph Group Inc. (NYSE:TGI), The Boeing Co. (NYSE:BA) and TransDigm Group Inc. (NYSE:TDG).
China must reduce barriers to foreign companies if it is to meet its own development goals, the U.S. ambassador said in Beijing on Tuesday in a speech that reflected foreign investors' growing frustration with the pace of economic reforms in the country.
Standard & Poor's cut its unsolicited ratings on Italy by one notch on Tuesday, a surprise move that sharply increases strains on the debt-stressed euro zone and piles pressure on policymakers to take more decisive action to resolve the crisis.
Securities regulators have sent subpoenas to hedge funds and other trading firms in a probe of possible insider trading before the U.S. government's long-term credit rating was cut last month, the Wall Street Journal said, citing people familiar with the matter.
Standard and Poor's cut its unsolicited ratings on Italy by one notch, warning of a deteriorating growth outlook and damaging political uncertainty, in a move that took markets by surprise and added to pressure on the debt-stressed euro zone.
With the U.S. stock market tanking in late 2011 due to a myriad of issues, mainly the stagnant U.S. economy and Europe's sovereign debt, many investors have sold out and ducked for cover.
Shareholders are likely snapping up Apple stock in anticipation of the next generation of iPhone products – the iPhone 5, which many analysts say will receive unprecedented demand.
China will be the dominant economic power in 2030, even if the U.S. economy stages a turnaround as it did in the 1990s, argues Arvind Subramanian, author of upcoming book Eclipse: Living in the Shadow of China's Economic Dominance.
The top pre-market NASDAQ Stock Market gainers are: Sangamo Biosciences, Identive Group, Advanced Analogic Technologies, and DryShips. The top pre-market NASDAQ Stock Market losers are: Logitech International, Applied Materials, Brocade Communications Systems, ARM Holdings, and ASML Holding.
Wall Street hopes for more Fed action and clear signs European leaders will follow through on their new urgency to tackle the euro zone debt crisis if U.S. stocks are to build on their best week since early July.
President Barack Obama is expected to make a raft of recommendations for changing tax law on Monday, in addition to his new proposed tax on the rich -- known as the Buffett tax after billionaire Warren Buffett -- which was disclosed on Saturday.
Stock index futures pointed to a sharply lower open on Wall Street on Monday, as renewed fears of a Greek debt default prompt investors to book some of last week's gains and turn to safer assets such as gold.
A new study reveals that from 2004 to 2009, a total of 422 children, under the age of five, were admitted in Kentucky, Ohio, Pennsylvania and Washington hospitals, diagnosed with abusive head injuries. Majority of them had to be admitted to the intensive care unit and 16 percent died of the injuries.
IT services is typically late cycle, so Jefferies doesn't believe the recent macro volatility will be evident in Accenture Plc (NYSE: ACN) fiscal fourth quarter results on Sept. 27.
The Indian rupee fell on Monday tracking the euro's losses and weak domestic equities as heightened worries over European debt crisis pushing investors to cut holdings in riskier assets.
Even though the recession officially ended more than two years ago, the still-weak U.S. economy and a pullback in federal support means the outlook for states and local governments remains negative, Moody's Investors Service said on Monday.
Even though Canada's big oil producers are raking in profits on high crude prices and stellar refining margins, their share prices are languishing as investors fret about the economic risks that could slow global petroleum demand.
Regulators are still trying to figure out how 31-year-old trader Kweku Adoboli caused $2 billion in bad bets over three tears. But as the probe continues analysts and politicians say UBS trading losses has strengthened the case for separating retail banks from their investment arm, according to The Associated Press.
In his book ‘Overconnected,’ former Intel CEO William H. Davidow argues that the Internet supercharged many of the recent economic crises
Checking in to Lastel hotel means checking out at this corpse hotel.
Cuba has shut down one of the most important western trading companies in the country as an investigation into alleged corrupt import-export practices broadened to a second Canadian firm, foreign business sources said on Friday.
Charged UBS rogue trader Kweku Adoboli wept in court Friday during a 15-minute hearing in London over a charge of fraud and two charges of false accounting involving a $2 billion loss for the Swiss-based bank.
US Equity markets advanced modestly as concerns over the European debt crisis overshadowed international central banks efforts to stabilize the European monetary system.
Nigeria's 2012 budget will be based on average oil production of 2.48 million barrels per day and a benchmark price of $75 dollars per barrel, the country's finance minister said on Friday.
Tech analysts and other experts are almost universally expecting the iPhone 5 to be a blockbuster.
