The minutes of Bank of England's (BoE) Monetary Policy Committee meeting held on January 13 showed that policymaker Martin Weale joined Andrew Sentance in voting for a 25 basis points rate hike.
Egyptian stocks plunged nearly five percent on Wednesday, the most since May, a day after thousands took to the streets of Cairo and other cities in a protest against President Hosni Mubarak’s government.
The top after-market NYSE gainers on Tuesday are: W.W. Grainger, DeVry, Navios Maritime, Fifth Street Finance and Navistar International. The top after-market NYSE losers on Tuesday are: WMS Industries, Elan Corp, Swift Transportation, Genpact and Ennis.
The companies which are expected to see active trade on Wednesday are: Boeing, Xerox, Starbucks, Symantec, ConocoPhillips, Abbott Laboratories, Allegheny, Automatic Data Processing, Eastman Kodak and General Dynamics.
Japan's industrial production dropped during October-December, but will rebound in the current quarter, the Bank of Japan (BoJ) said in its monthly report published on Wednesday.
The top after-market NASDAQ stock market gainers are: Keynote Systems, Tekelec, LogMeIn, Internet Capital Group, and East West Bancorp. The top after-market NASDAQ stock market losers are: MIPS Technologies, Signature Bank, RF Micro Devices, Hutchinson Technology, and Exar.
Some Chinese banks have drastically raised interest rates on loans to comply with government orders to rein in credit growth after another lending surge at the start of the year, state media reported on Wednesday.
The gold naysayers are using rising rates as a way to dismiss gold. Let me explain why this belief is not only false but also utterly dangerous. First and foremost, the parameters have changed in just a few short years. Government debt has increased substantially in the last few years.
The Gold reserves of the Russian central bank grew by 280 tons over the last 2 years. And the bank will continue with a similar speed by buying at least 100 tons every year, deputy chairman Georgy Luntovsky told reporters now.
Precious metals dropped to fresh multi-week lows on Tuesday helped by a view that rising overall investor confidence will cut safe-haven demand for the commodities while chartists turned history pages and 'decided to wait' for an additional discount of $30 for an ounce of gold, which is already $100 down from its peak seen less than two months ago.
Precious metals fell on Tuesday as a slew of data suggested better global economic environment, reducing investors' need to lock in their money in safer but less profitable avenues like metals while technical analysts see further room southward for the commodities.
Emerging stocks edged down on Tuesday as inflation worries persisted and weaker metals prices knocked South African shares and the rand.
Mozambique's Ports Development Company (MPDC) said on Tuesday it would increase the handling capacity of its Maputo port to 12 million tonnes this year from 8.7 million in 2010 to take more coal from South Africa.
International ratings agency Standard and Poor's upgraded South Africa's outlook to stable from negative on Tuesday, and said the country's external balance sheet would remain manageable.
Nigeria raised its benchmark interest rate by 25 basis points to 6.5 percent on Tuesday and took aggressive measures to tighten liquidity as its seeks to get inflation down to single digits.
Verizon's profits increased, revenues decreased and the company fell short of expectations ahead of its iPhone launch in February.
U.S. consumer confidence rose more than expected in January to its highest level in eight months, helped by growing optimism about the economy and the jobs market, according to a private sector report released on Tuesday.
The Japanese government is no longer in a position to excessively rely on debt to handle the nations’ finances, Japanese Finance Minister said on Tuesday.
The companies that reported earnings before the markets open on Tuesday are: Verizon, Johnson & Johnson, 3M Co., EMC Corp., Corning, DuPont, Kimberly-Clark, Sherwin-Williams, Harley-Davidson and W.W. Grainger.
China asked importers of caprolactam from the US and the European Union (EU) to pay a security deposit, the Ministry of Commerce (MOC) said Monday.
The top pre-market NASDAQ stock market gainers are: BioSante Pharmaceuticals, Harris & Harris Group, LM Ericsson Telephone, Savient Pharmaceuticals, and Skyworks Solutions. The top pre-market NASDAQ stock market losers are: Tellabs, Eagle Bulk Shipping, Rediff.com India, Randgold Resources, and DryShips.
The companies whose shares are moving in pre-market trade on Tuesday are: KeyCorp, Baker Hughes, Marathon Oil, Peabody Energy, Travelers Companies, Halliburton, Carnival, Tellabs and Harley-Davidson.
The International Monetary Fund (IMF) said it expects India to grow at 8.4 percent in 2011 and fall to 8 percent, unchanged from its prior estimate as the two-speed global recovery will continue.
China's Huawei Technologies Co. Ltd. has sued Motorola to delay the sale of the latter's wireless infrastructure business to Nokia Siemens Networks. The lawsuit alleges that such a sale would possibly result in illegal transfer of Huawei's intellectual property.
Global economic recovery is not resulting in job creation, as the number of the unemployed people worldwide stood at a record 205 million last year, the International Labour Organization (ILO) warned on Monday.
The companies which are expected to see active trade on Tuesday are: DuPont, Verizon, Yahoo, Johnson & Johnson, 3M, W.W. Grainger, EMC and Vmware.
German consumer sentiment continued its upward trend in January as a propensity to buy improved significantly and economic expectations remained high, market research group Gfk said on Tuesday.
The companies that reported earnings after the markets close on Monday are: Texas Instruments, Amgen, VMware, CSX, American Express, STMicroelectronics, Crane, Sanmina-SCI, Jacobs Engineering, Albemarle...
The top after-market NYSE gainers on Monday are: Ethan Allen Interiors, BBVA Banco Frances, RLI Corp, Albemarle and Domino's Pizza. The top after-market NYSE losers on Monday are: Eastman Kodak, Packaging Corp, Vmware, Sanofi-Aventis and W.W. Grainger.
The Bank of Japan (BoJ) kept its key overnight call rate unchanged at a range of zero to 0.1 percent on Tuesday, assessing that the economic recovery was showing signs of a pause.
