On Tuesday, US-traded crude oil futures initially jumped to trade as high as $98.50 per barrel, or an increase of 14 percent from last Friday’s closing levels, on escalating tensions in Libya.
South African resource-heavy stocks slipped on Tuesday as Libyan unrest prompted an equities sell-off while the rand firmed against the dollar, recovering from earlier losses as better-than-expected GDP data boosted the currency.
South Africa's economic growth came in higher than expected in the fourth quarter, boosted by stronger growth in the mining and agricultural sectors, according to data released on Tuesday.
South Africa will export 4 million tonnes of surplus maize to the world's biggest emerging markets but wants to ensure security of food supplies in southern Africa first, a minister said on Tuesday.
U.S. stocks are plunging and oil prices are surging on fears over the continued violent unrest in Libya.
Shares of Wal-Mart Stores fell nearly 4 percent in early trade after the world’s largest retailer a seventh straight quarterly decline in U.S. comparable-store sales, saying some of the pricing and merchandising issues ran deeper than it initially expected.
World’s largest retailer Wal-Mart Stores Inc reported a 1.8 percent fall in U.S. comparable-store sales for the fourth quarter even as it posted a 27 percent rise in quarterly profit.
US stocks declined in early trade on Tuesday as political unrest in the Middle East weighed on the sentiment.
The top pre-market NASDAQ stock market gainers are: Zoran, SIGA Technologies, Mentor Graphics, First Financial Northwest, and Transition Therapeutics. The top pre-market NASDAQ stock market losers are: Clinical Data, Camtek, Silicon Motion Technology, China MediaExpress Holdings, and Banner.
The companies whose shares are moving in pre-market trade on Tuesday are: Chesapeake Energy, Home Depot, V.F. Corp, Hess Corp, Juniper Networks, Dean Foods, Carnival Corp, Yahoo, Jds Uniphase and Wal-Mart Stores.
Benchmark Capital upgraded Time Warner Inc. to buy from hold, saying that accelerating advertising recovery is likely to help sustain high-single digit growth in Networks revenues.
China should account for 8-9 percent of global mergers and acquisition activity this year, continuing close to its strong levels in 2009 and 2010, JPMorgan's head of China M&A said Tuesday.
Spot gold was last down 0.8 percent at $1,394.14 an ounce at 1025 GMT, having risen on Monday to its highest in about seven weeks. U.S. April gold futures were up 0.5 percent at $1,395.20 an ounce.
Refiners Holly and Frontier Oil agreed to merge in an all-stock deal valued at nearly $3 billion, to create an independent refiner serving the mid-continent, Rocky Mountain and Southwest refining markets.
Futures on major U.S. stock indices point to lower opening on Tuesday, following declines in European and Asian stock markets as continued political unrest in the Middle East weighed on the sentiment.
Futures on major U.S. stock indices point to lower opening on Tuesday, following declines in European and Asian stock markets as continued political unrest in the Middle East weighed on the sentiment.
Asian stock markets ended lower on Tuesday as continued political unrest in the Middle East weighed on the sentiment.
The race is between US-based Boeing Co. and European Aeronautic Defence and Space Company (EADS) and the outcome will drastically change the face of both the country's employment sector.
U.S. stocks recorded solid performance in the second half of the last year though the early part of the year was jittery. While the Dow Jones Industrial Average rose 11 percent, the Nasdaq Composite gained 17 percent and the Standard & Poor's 500 index rose 13 percent. Where do U.S. stocks go from here? There are analysts who think stocks are poised to show further gains this year.
BHP Billiton agreed to acquire all of Chesapeake Energy's interests in the Fayetteville Shale play in central Arkansas for $4.75 billion, marking its entry into the US shale gas business.
Shares in Australian banks and insurers fell between 1.4 and over 2.7 percent after a strong quake hit New Zealand's second-biggest city of Christchurch on Tuesday for the second time in five months.
China Everbright Bank may raise around $7 billion through a share sale in Hong Kong just six months after its Shanghai IPO, leading the way for more fundraising by smaller banks.
The Silver Price rose $1.49 per ounce from Friday's London Fix – a gain of 4.7% to new 31-year highs, and silver's fifth largest one-day move of the last 30 years in Dollars and cents. The market is starting to look towards the record high of $1430 for gold against the backdrop of silver making fresh highs.
Silver touched its highest USD price in 31 years and palladium a 10-year peak. Gold prices rose above $1,400 an ounce on Monday for the first time in nearly seven weeks as violence flared in north Africa and the Middle East, boosting interest in the precious metal as a haven from risk.
Investors are likely to focus on major economic data to be released during the week to gauge the strength of recovery in the world’s largest economy. The main focus will be housing and economic activity, while rising Middle East tensions are expected to weigh on markets.
Asian stock markets ended mixed on Monday as political unrest in the Middle East weighed on the sentiment.
Apple Inc. is expected to release a new cheaper version of the iPhone during 2011 to deal with growing smartphone competition.
Gold inched up on Monday, adding to a weekly gain of nearly 3 percent last week as fears over a European debt crisis and growing unrest in the Middle East underpinned investor sentiment.
It’s not exactly groundbreaking research, but PIMCO’s Mark Taborsky and Sebastien Page just released a well-constructed chart illustrating the outperformance of the carry trade versus the S&P 500 in the last decade.
U.S. stocks rose Friday, marking the third straight week of market gains, as investors warily watch continuing unrest in the Middle East and North Africa, along with the start of a two-day meeting of G20 finance ministers and central bankers in Paris.
