MARKETS / FINANCE

BlackRock will use profits it is making in gold and bond markets to seek out bargains in falling global equity markets, James Holt, investment strategist at the world's largest money manager, said on Tuesday.

India's benchmark gold futures on the Multi Commodity Exchange extended gains by more than 3 percent on Tuesday morning and hit a new peak of 26,198 rupees per 10 grams, tailing a rally in the world market and on a weak rupee.

China's annual inflation rose to a higher-than-expected 6.5 percent in July, putting the central bank in a bind as it tries to keep prices in check without dragging down an economy facing increasing threats from abroad.

Japanese Finance Minister Yoshihiko Noda will run in a party leadership race to replace Prime Minister Naoto Kan and may resign his cabinet post in coming weeks to boost pressure on the premier to step down, the Sankei newspaper reported on Tuesday.

Japanese policymakers voiced growing alarm on Tuesday over upheavals in financial markets and a worsening global economic outlook as stocks plunged and the yen edged back to highs scaled prior to last week's intervention.

Japanese Finance Minister Yoshihiko Noda intends to resign after passage of a crucial bill to fund this year's budget, possibly later this month, and will run in a ruling party leadership race to replace Prime Minister Naoto Kan, the Sankei newspaper reported on Tuesday.

Video game publisher Take-Two Interactive Software Inc missed Wall Street estimates because one of its games failed to connect with audiences, but it downplayed concerns the NBA lockout would hurt its top-sports title.

For plenty of financial advisers -- who also serves as quasi-therapists, spiritual gurus and confidantes -- Monday was bad.

A Manhattan federal judge has dismissed some claims against Bank Austria, a unit of Italy's UniCredit SpA , by the trustee seeking billions of dollars for victims of Bernard Madoff's Ponzi scheme.

At the end of the worst day for U.S. stocks since December 2008, traders at Knight Capital huddled in groups, staring at their computer screens, wondering whether tomorrow would bring more pain.

News Corp is taking a risk in putting boss Rupert Murdoch, famous for his off-script comments, on the media conglomerate's quarterly earnings call on Wednesday with succession questions sure to be asked.

The Swiss franc hovered near record highs against the dollar and euro in Asia on Tuesday, having surged on the back of a global stock market rout as a crisis of confidence gripped investors.

What should a U.S. president say to stop stock markets from falling and reassure Americans that the country will be able to solve its debt and deficit problems?

Mortgage finance giant Freddie Mac FMCC.OB said on Monday it would ask for an additional $1.5 billion from taxpayers due to losses stemming from the weak housing market.

Political leaders failed to halt a global stock market rout that gathered steam on Monday as investors lost confidence that Europe and the United States can rein in their budgets quickly and fear spread of a double-dip recession.

Video game publisher Take-Two Interactive posted weaker-than-expected results and lowered its second-quarter earnings forecast as its major release Duke Nukem Forever failed to connect with audiences.

Plunging stock prices in the wake of Standard & Poor's decision to strip the United States' top-tier AAA credit rating may threaten consumer confidence and could push the frail economy into recession.

Content delivery network provider Limelight Networks Inc posted a wider-than-expected quarterly loss, hurt by higher costs, and forecast third-quarter revenue below analysts' expectations, sending its shares down 9 percent in extended trade.

Video game publisher Take-Two Interactive swung to a quarterly loss as the maker of Grand Theft Auto sold fewer video games to customers than a year earlier.

U.S. stocks plunged on Monday in the heaviest volume since last year's flash crash, taking the S&P 500 down more than 6 percent on growing fears of a recession, in the first session after the historic loss of the country's pristine triple-A credit rating.

U.S. stocks plunged on Monday, racking up their biggest losses in almost three years as investors fled to the safety of gold and bonds after the downgrade of the U.S. credit rating by Standard & Poor's stoked fears the country is powerless to stop another recession.

Credit ratings for some of the main arteries of the U.S. financial system -- from clearing houses to government mortgage agencies -- were cut one notch to AA-plus by Standard & Poor's Ratings Services on Monday.

Gold notched a new high on Monday as investors ran to the precious metal for safety amid collapsing stock markets.

The latest market rout might serve as a warning to investors who have euphorically poured money into high-flying technology stocks.

The U.S. Federal Reserve will announce its monetary policy Tuesday following an unprecedented downgrade of the U.S.Government's credit rating by Standard & Poor's and the markets will likely look to Fed Chairman Ben Bernanke to provide appropriate comments on the state of the nation's banking system and its fiscal condition.

Ratings agency Standard & Poor's, still under fire for downgrading the United States late last week, Monday restated the reasons for its decision while rival Moody's set itself apart, saying America still has the characteristics of a AAA-rated country.

U.S. stocks plunged on Monday, taking the S&P 500 down more than 6 percent on growing fears of a recession, exacerbated by the loss of the country's pristine triple-A credit rating.

Stocks plunged on Monday, with the S&P down more than 6 percent for its largest drop in nearly three years on rising fears of a recession exacerbated by the United States' loss of its triple-A credit rating.

U.S. stocks plunged on Monday and investors fled to the safety of gold and bonds after the downgrade of the U.S. credit rating by Standard & Poor's stoked fears the United States is slipping into recession.