Stock index futures pointed to a flat open and another session of volatility on Thursday as renewed concerns about the euro zone banking system pushed down European shares.
The crown may be slipping fast from billionaire trader John Paulson's head.
AngloGold Ashanti , Africa's biggest gold producer, said on Thursday that a worker was killed at its Mponeng mine in South Africa after a seismic event, bringing mining operations to a halt in the affected area.
Investors will abandon stocks and continue to chase gold over the next few years, based on an analysis of the spot gold to S&P 500 .SPX ratio, Reuters market analyst Wang Tao said.
U.S. stock index futures pointed to a flat open and another session of volatility on Thursday as renewed concerns about the euro zone banking system pushed down European shares.
Deere & Co said U.S. securities regulators are probing the farm equipment maker for possible violations of laws on activities in other countries.
One bank in Asia has cut credit lines to major French lenders while five other banks in Asia are reviewing trades and counterparty risk as worries about the exposure of French banks to peripheral euro zone debt mounts, banking sources told Reuters on Thursday.
Some $4 trillion has been wiped off the value of world stocks this month on concerns the euro zone debt crisis is spreading to Italy and Spain and hurting Europe's banking system, and the global economy is falling into recession.
New U.S. claims for unemployment benefits dropped to a four-month low last week, government data showed on Thursday, a rare dose of good news for an economy that has been battered by a credit rating downgrade and falling share prices.
Stock index futures fell on Thursday along with European shares as concerns resurfaced about the euro zone banking system.
The Dow registered another volatile day Wednesday, plunging 520 points to 10,720 on chatter of additional banking sector concerns in Europe. Further, until investors can sort out which debt concerns are real, and which are not, look for choppy trading conditions to continue.
Alibaba.com, China's largest e-commerce firm, beat forecasts with a 29 percent rise in quarterly net profit, its smallest rise in about 1-1/2 years, and warned that the adverse global economic outlook could hit its second half.
Equity index futures rose on Thursday after a sharp drop for stocks in the previous session as Wall Street headed for another session of volatility.
Shares in French banks fell sharply on Thursday on persistent worries about their outlook, dragging down an index of European bank stocks, which has lost almost 30 percent this year.
Citigroup Inc will raise headcount at its Asian prime finance unit by 20 percent to 80 this year as it looks to fight for more hedge fund clients in an industry dominated by the likes of Goldman Sachs Group Inc and Morgan Stanley .
Markets were set to rise on Thursday, bouncing after a sharp fall in the previous session, and boosted by forecast-beating results from Cisco .
World stocks edged up on Thursday from this week's 11-month low as higher U.S. stock futures calmed frayed investor nerves after a steep sell-off triggered by concerns about the U.S. economic slowdown and the euro zone banking system.
Italy's problem is not a high budget deficit but chronically weak growth, and forcing it to frontload austerity measures just as its economy is moving into yet another downturn may prove dangerously counter productive.
Japan sharpened its warning to currency markets on Thursday in the wake of the yen's rise near record highs against the dollar, keeping markets jittery about the possibility of a second round of intervention.
Societe Generale's battered shares recovered some ground on Thursday as the French bank's boss vehemently rejected rumors that questioned its financial solidity.
French bank Societe Generale's shares traded in Frankfurt recovered ground on Thursday after the bank's CEO sought to reassure investors that rumors that wiped 15 percent off its stock were unfounded.
U.S. stock futures rose 1 percent on Thursday after a sharp drop on Wall Street overnight, limiting losses in Asian share markets, though the focus was shifting to how Europe reacts to a sovereign debt crisis that is now threatening its banking system.
U.S. stock futures rose 2 percent on Thursday after a sharp drop on Wall Street overnight, limiting losses in Asian shares, though sustained gains depended on how Europe reacts to a sovereign debt crisis that is threatening its banking system.
Societe Generale shares traded in Frankfurt recovered some ground early on Thursday after the bank's head sought to reassure investors that a host of rumors that wiped 15 percent off its stock were unfounded.
Bank of America Corp has held exploratory talks with the principal investment funds of Kuwait and Qatar about selling part of its $17 billion stake in China Construction Bank <0939.HK>, three sources with direct knowledge of the talks told Reuters.
Gold eased on Thursday from record highs struck earlier in the session after the CME Group raised margins on COMEX gold futures, but turmoil in the global financial markets and fears of slower growth will buoy sentiment.
August's dramatic financial shock, which is now both feeding off and risks fueling another economic downturn, may well introduce a third phase of the four-year-old global credit crisis -- the infection of the ultimate creditors.
Concerns about S&P's downgrading of the U.S. credit rating and the resulting global stock sell-off are sparking urgent calls for investigations and reinvigorating ongoing efforts to reform the ratings agencies, which have been under fire since the Enron scandal of 2001.
Consumers will be able to text and send multimedia messages to 9-1-1 emergency call centers under a new plan from the top communications regulator.
Bank of America Corp has held exploratory talks with the principal investment funds of Kuwait and Qatar about selling part of its stake in China Construction Bank <0939.HK>, sources with direct knowledge of the talks told Reuters.
