GLOBAL MARKETS

Traders work in the crude oil and natural gas options pit on the floor of the New York Mercantile Exchange

U.S. Oil Soars to 12-Week High as Brent Spread Deflates

U.S. oil prices shot to a 12-week high on Tuesday in a second day of frenetic spread trading, with dealers racing to claw back a record discount versus Europe's Brent as they gave in to evidence of tightening supplies.
More news
A trader works on the floor of the New York Stock Exchange

U.S. Stock Index Futures Mixed

Stock index futures pointed to a mixed open on Wall Street on Tuesday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures down 0.03 percent and Nasdaq 100 futures down 0.1 percent at 0925 GMT (5:25 a.m. EDT).
Netflix's Chief Executive Officer Reed Hastings speaks during an interview with Reuters in Buenos Aires

Netflix's Loss of 800,000 Subscribers Hit Q4 Forecast

Netflix Inc. (NASDAQ: NFLX) reported a loss of 800,000 subscribers as a result of a price hike in July, as well as its September attempt to split and re-brand its DVD-by-mail service as. This has led to a fourth quarter guidance that was substantially below Wall Street's expectations.
IBTimes Logo

European Markets Flat in Cautious Trading

European shares steadied Tuesday as earnings news offset fresh political uncertainty a day ahead of the euro zone leaders' meeting that many hope will take a big step toward solving the region's two-year-old debt crisis.
Row homes valued at $400,000 each, which are offered for free in a "buy one, get one free" deal, are seen in Escondido

Home Affordable Refinance Program (HARP): 4 Things to Know

The U.S. government announced Monday that it will revise the Home Affordable Refinance Program (HARP) which would allow underwater homeowners to refinance their mortgages. But will the HARP overhaul affect the housing market and the economy at a whole? Here are 5 things you need to know about HARP.
cedi

Ghana cedi extends gains as miners sell dollars

The Ghana cedi continues to extend gains made late last week and could pursue the upward trend if the central bank and mining sector keep supplying the market with dollars, traders said.
Sandton

S.Africa's stocks close at near 3-month high

South African stocks closed at their highest level in nearly three months as demand for resources firms rose with hope that European Union leaders will agree on a solution to their region's debt woes later this week.
Grain being harvested.

U.S. Grain, Soybean Futures up on Euro-Zone Hopes, China Data

U.S. grain and soybean futures rose over 1 percent on Monday in a broad commodities rally as investors bet that European leaders would reach a deal to tackle a euro-zone debt crisis and took heart from an improved manufacturing indicator in China.
IBTimes Logo

Brent, U.S. Oil up on China PMI Data, EU Optimism

Brent crude oil rose above $110 a barrel on Monday after stronger Chinese manufacturing data suggested China's economy may not be in as much danger as feared, supporting fuel consumption and outweighing fears over weak European data.
IBTimes Logo

Q3 Bank Earnings Recap

With the majority of the banking industry by assets having reported third quarter results, FBR Capital Markets believes that some of the dire scenarios discussed may have hit bank valuations harder than underlying fundamentals indicate.
Traders work on the floor of the New York Stock Exchange

U.S. Stock Futures Signal More Gains for Equities

Stock futures pointed to a higher open for equities on Wall Street on Monday, building on sharp gains in the previous session, with futures for the S&P 500, Dow Jones and Nasdaq 100 up 0.4 to 0.5 percent.
A man walks past a stock quotation board outside a brokerage in Tokyo

Hope for Euro Deal, China Growth Spur Stocks

World stocks put in solid gains on Monday as investors bet on a positive outcome to the euro zone crisis talks and took comfort from signs that China's economy may not be in as much danger as feared.
Michael Woodford, the former chief executive of Olympus Corp, poses for a photograph in London

Olympus Stock Sinks Further After Report of FBI Probe

The U.S. Federal Bureau of Investigation is probing the massive advisory fee paid by Japan's Olympus Corp. in its takeover of a British company, a media report said, as the firm's shares continued to slide over the scandal.
An electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton

Miners lead S.African stocks higher

South African stocks ended sharply higher on Friday, booking their third straight day of gains, with miners among the top performers as commodity prices cruised higher.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.