The world's major central banks, led by the European Central Bank and the U.S. Federal Reserve, in a coordinated effort Thursday intervened to provide dollar loans to commercial banks in an effort to maintain liquidity in Europe and check institutional investor concern about Europe's private sector banks. What will be the impact on U.S. stocks?
Zimbabwe again hinted it might show flexibility in its stance towards foreign mining companies, with a government official saying a law forcing them to surrender 51 percent stakes to local people was an aspiration, not a hard target.
Stocks rose for a fourth straight session on Thursday after major central banks moved to boost European bank funding and regional leaders offered strong support for Greece, easing default fears.
Gold could rally through $2,000 an ounce by year's end, according to a Thomson Reuters GFMS report released Thursday.
The new loan offers will be conducted in October, November and December.
Treasury Secretary Timothy Geithner will discuss with European finance ministers the possibility of leveraging the euro zone's bailout fund to make it more effective in fighting the debt crisis.
New claims for jobless benefits hit the highest level since late June last week and a gauge of New York state factory activity contracted in September, sustaining the view the Federal Reserve would take new action to boost growth.
Electric car battery production may exceed demand to such a degree by 2013 that battery prices will plummet. But will the price drop help or delay the advancement of car battery technology?
Stocks rose for a fourth straight session on Thursday after major central banks moved to boost European bank funding and regional leaders offered strong support for Greece, easing default fears.
Bank of America Corp's $8.5 billion proposed mortgage-backed securities settlement is now in the hands of a New York federal judge. But it could end up back before state court in a legal tug-of-war over who should decide whether the pact passes muster.
The number of Americans filing new claims for jobless benefits rose unexpectedly last week in a sign concerns about a weak economy were sapping an already beleaguered labor market, data showed on Thursday.
The number of Americans filing new claims for jobless benefits rose unexpectedly last week in a sign concerns about a weak economy were sapping an already beleaguered labor market, data showed on Thursday.
Canada's B2Gold Corp said high-grade gold zone at Jabali in its La Libertad property has increased and it has started environmental studies and metallurgical test work.
Embattled miner Silvercorp Metals Inc., caught in a maelstrom of anonymous fraud allegations, said on Thursday it's pushing ahead with a share repurchase plan.
If Facebook’s much-anticipated IPO is off for the year, would its crackerjack board of directors now consider buying Yahoo in a reverse takeover?
The United States needs to use fiscal as well as monetary policy to boost the economy if it wants to convince cash-rich corporations to start hiring and investing, Bob Doll, chief equity strategist of BlackRock Inc said on Thursday at the Bloomberg Markets 50 Summit.
New jobless claims rose last week to their highest since June and a gauge of New York State manufacturing contracted in September, sustaining the view the Federal Reserve could take new action to boost growth.
Wall Street was set for a higher open on Thursday after three straight winning sessions on relief European leaders were committed to keeping Greece afloat, but weaker-than-expected data, including jobless claims, kept gains in check.
German Chancellor Angela Merkel bluntly rejected euro zone bonds as a solution to the currency area's sovereign debt crisis, saying on Thursday that collectivizing debts would not solve the problem.
In the latest Bloomberg News Poll on the 2012 election, Republican and Republican-leaning Independent voters favor Texas Gov. Rick Perry over former Massachusetts Gov. Mitt Romney, but in the poll's entire sample, the public still favors President Barack Obama over any GOP nominee.
Impala Platinum, the world's second-largest producer of the precious metal, said on Thursday a Zimbabwe government threat to remove the licence of its unit in the country Zimplats' had fallen away.
The U.S. securities regulator is widening its probe into mortgage-bond deals that ushered in the financial crisis, and is pushing for a settlement of more than $200 million with Citigroup, the Wall Street Journal said, citing people familiar with the matter.
When a name like Kweku Adoboli instantly becomes public, like the UBS trader who allegedly lost the bank $2 billion in unauthorized transactions and who is suddenly a globally hot Internet search item, many turn to the most public source available -- Facebook, the world's largest social network.
In recent months, a red-hot Swiss franc has made Switzerland an expensive place to buy a slice of pizza, let alone run a business. Swiss-based Roche, the world's biggest maker of cancer medicines, and its cross-town rival Novartis have felt the pain along with Switzerland's other exporters.
Gold prices fell Thursday around the world as investor fears of a Euro zone collapse gave way to hope that coordinated intervention by global monetary authorities could contain and even cure the continent's sovereign debt crisis.
Stock index futures rose on Thursday after three days of market gains as investors welcomed signs that European leaders are committed to keeping Greece afloat for now.
Global regulators have revised their rules so they can more easily track down commodity market abuses that cut across national borders.
While public schools have focused their energy on training students in math and reading since the passage of No Child Left Behind, the College Board announced SAT scores in combined reading and math this year have dropped to their lowest point since 1995.
Swiss bank UBS said a trader had lost it around $2 billion in unauthorised deals, and police in London arrested a man in connection with the case.
Stock index futures rose on Thursday after three days of market gains as investors welcomed signs that European leaders are committed to keeping Greece afloat for now.
