Chinese dairy products maker Taizinai, which counts Goldman Sachs and Morgan Stanley among its investors and Citigroup among its lenders, has collapsed, leaving around 3 billion yuan ($440 million) in unpaid debt, sources familiar with the matter said on Wednesday.
Stocks futures rose on Wednesday, pointing to a higher start for Wall Street after the world's top chipmaker Intel Corp posted better-than-expected first-quarter results and gave an outlook that topped Wall Street forecasts.
Stocks futures rose on Wednesday, pointing to a higher start for Wall Street after the world's top chipmaker Intel Corp posted better-than-expected first-quarter results and gave an outlook that topped Wall Street forecasts.
Asian stocks rode the rally in the technology sector triggered by bellwether Intel Corp's street-beating earnings and regional currencies rose after Singapore's aggressive monetary tightening triggered speculation it heralded a yuan revaluation.
The technology sector propelled Asian stocks on Wednesday after bellwether Intel Corp's street-beating earnings while Singapore's aggressive monetary tightening lifted regional currencies on speculation it heralded a yuan revaluation.
The technology sector propelled Asian stocks on Wednesday after bellwether Intel Corp's street-beating earnings while Singapore's aggressive monetary tightening lifted regional currencies on speculation it heralded a yuan revaluation.
Technology companies drove up stocks in Japan, South Korea and Taiwan on Wednesday after bellwether Intel Corp's street-beating earnings while aggressive monetary tightening in Singapore lifted regional currencies on speculation it heralded a yuan revaluation.
U.S. stocks dipped on Tuesday, a day after Alcoa posted in-line earnings but lower-than-expected revenues, as investors sought more evidence to justify the lofty levels on Wall Street.
Wall Street was set for a slightly lower open on Tuesday, a day after Alcoa posted in-line earnings but lower-than-expected revenues as the Dow closed above 11,000 for the first time in almost 19 months.
U.S. stock index futures slipped on Tuesday, a day after Alcoa reported in-line quarterly profit but lower-than-expected revenues as the Dow closed above 11,000 for the first time in almost 19 months.
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 fall 0.1 to 0.3 percent, pointing to a weaker start on Wall Street on Tuesday.
World stocks eased off a 18-1/2 month high on Tuesday ahead of key corporate earnings, while the yen dipped after lawmakers from Japan's ruling party said it should fall to around 120 per dollar.
Aluminum producer Alcoa Inc on Monday posted its fifth net loss in the past six quarters, but when charges were excluded its results matched Wall Street estimates.
Short interest on the New York Stock Exchange fell at the end of March, while bearish bets on the Nasdaq rose in the same period, suggesting investors remain wary of making large bets against the market rally.
Taking advantage of easy credit, highly rated U.S. companies are loading up on debt to expand and acquire rivals, sacrificing ratings in the process, Standard & Poor's said on Monday.
The Dow industrials closed above 11,000 for the first time in almost 19 months on Monday as expectations of solid first-quarter earnings spurred buying in financial, energy and industrial sectors.
The Dow industrials closed above 11,000 for the first time in almost 19 months on Monday as expectations of solid first-quarter earnings spurred buying in financial, energy and industrial sectors.
General Motors Co expects to report solid operating results for the first quarter, which will show progress toward its goal of returning to profitability in 2010, Chief Executive Ed Whitacre said on Monday.
U.S. stocks rose on Monday as expectations of solid first-quarter earnings spurred buying in financial, energy and industrial sectors, while news of an aid plan for Greece calmed worries about sovereign risk.
General Motors Co expects to report solid operating results for the first quarter, which will show progress toward its goal of returning to profitability in 2010, Chief Executive Ed Whitacre said on Monday.
U.S. stocks advanced on Monday after European leaders agreed to an emergency aid plan for Greece and ahead of quarterly results from Alcoa Inc, which marks the unofficial start to earnings season.
U.S. stocks were slightly higher on Monday as euro zone finance ministers approved a massive emergency aid plan for debt-plagued Greece, removing
U.S. stocks edged up at the open on Monday after euro zone finance ministers approved a massive emergency aid plan for debt-stricken Greece, easing sovereign debt concerns.
U.S. stock index futures pointed to a flat open on Monday as euro zone finance ministers approved a massive emergency aid plan for debt-stricken Greece, easing sovereign debt concerns.
U.S. stock index futures pointed to a slightly higher open on Monday, aided by easing sovereign debt concerns after euro zone finance ministers approved a massive emergency aid plan for debt-stricken Greece.
U.S. stock index futures rose on Monday, aided by easing sovereign debt concerns after euro zone finance ministers approved a massive emergency aid plan for debt-stricken Greece.
Stock index futures pointed to a higher open on Wall Street on Monday, helped in part by easing worries over sovereign debt after euro zone finance ministers approved a massive aid plan for debt-stricken Greece.
The euro posted its sharpest daily gain in two months on Monday and Asian stocks hit 22-month highs after a giant emergency aid plan for Greece boosted demand for riskier assets across the board.
U.S. stock investors will watch the earnings numbers flow in this week to see how much momentum the rally can get from early profit reports.
U.S. stock investors will watch the earnings numbers flow in this week to see how much momentum the rally can get from early profit reports.