Stock index futures fell on Wednesday, extending the previous day's slide, as signs the U.S. economic recovery may be slowing and worries about the euro zone's debt crisis weighed on sentiment.
Shares in Glencore International Plc <0805.HK> fell as much as 3 percent on their Hong Kong debut on Wednesday, with Asian investors spooked by concerns over valuations and the outlook for commodities.
Japan's economy is already showing signs of recovering from a slump that followed a devastating earthquake in March, Bank of Japan Governor Masaaki Shirakawa said on Wednesday while stressing that the central bank would remain vigilant about economic risks.
Stock index futures pointed to a weak start for Wall Street on Wednesday, following a late sell-off in the previous session, with futures for the S&P 500, for the Dow Jones industrial average and the Nasdaq down 0.1 to 0.3 percent by 5:06 a.m. EDT.
Crude oil prices declined in Europe trade as strengthening U.S. dollar and weaker-than-expected decline in U.S. crude stockpiles weighed.
The Federal Reserve should begin to hike interest rates in coming months, the Organization for Economic Cooperation and Development said on Wednesday, as it raised its outlook for U.S. economic growth.
The Federal Reserve should begin raising U.S. interest rates and the European Central Bank should pause its monetary tightening cycle, the OECD said on Wednesday.
World stocks fell while the euro headed toward a two-month low on Wednesday on concerns about the euro zone's spreading debt crisis and the potential for a further reduction of positions in risky assets.
The U.S. Treasury made a small profit when it sold a portion of its shares in American International Group Inc on Tuesday, but it was unclear how its investment in the beleaguered insurer will ultimately fare.
Microblogging site Twitter is said to have acquired popular Twitter application TweetDeck by paying more than $40 million.
Nokia planned to launch its first smartphone using Microsoft's Windows Phone 7 at the end of the year, according to Taiwan's Commercial Times, which did not identify a source.
The euro and oil slipped on Wednesday as a rally the previous day fizzled on fears about Europe's spreading debt crisis and the potential for a further reduction of positions in risky assets.
The euro slipped back toward a two-month low and oil prices fell on Wednesday as a rally the previous day fizzled on fears about Europe's spreading debt crisis and the potential for a further reduction of positions in risky assets.
Japan's economy was already showing signs of recovering from the slump that immediately followed the devastating March 11 earthquake, Bank of Japan Governor Masaaki Shirakawa said on Wednesday.
Shares of Yandex NV, known as Russia's Google, rose 55 percent in their trading debut, evidence for some investors that Internet companies have strong prospects and a confirmation for others that the market has gotten ahead of itself.
The coming of the next version of Windows in 2012, as announced by Microsoft CEO Steve Ballmer during a speech at a developer conference in Tokyo might just be a speculation as the company is yet to confirm on its date and OS features, reports PC World.
The Treasury is barely breaking even on its investment in beleaguered insurance giant American International Group Inc, according to an early litmus test of market interest in the firm's stock.
Google Inc will take the wraps off a mobile payment system on Thursday that lets consumers pay at checkout with phones instead of cards, a source said, hoping to beat Visa and others to the punch.
Japan's Sony needs to assert control over Sony Ericsson if the handset joint venture is to recoup market share and relevance in the cut-throat world of mobile devices.
The Treasury, which owns 92 percent of American International Group Inc
, is set to eke out a tiny profit as it sells its first batch of shares in the bailed-out insurer.Google Inc will launch a mobile payment system on Thursday, in the latest bid to help consumers pay at the checkout with smartphones instead of traditional credit cards, a person familiar with the matter told Reuters on Tuesday.
Contractors and businesses that received money through the 2009 federal economic stimulus plan owe billions in unpaid taxes to the government, a federal auditor said on Tuesday.
U.S. stocks dipped in light volume on Tuesday as lingering concerns about a slowdown in growth more than offset gains in energy shares.
The Pentagon is very encouraged by Wall Street's response to aerospace companies and arms makers, even as defense spending flattens, the top U.S. weapons buyer said on Tuesday.
Sales of newly built single-family homes rose for a second straight month in April and supply was the lowest in a year, but an overhang of previously owned houses on the market could hobble recovery.
Europe's policy options to avert a Greek default are narrowing fast after the ECB and ratings agencies warned against even voluntary debt rescheduling and Athens highlighted its urgent need for more EU cash.
U.S. stocks dipped in light volume on Tuesday as lingering concerns about a slowdown in growth more than offset gains in energy shares.
Shares of newly public Russian Internet search company Yandex NV rose 50 percent on Tuesday, evidence of the same ardent investor interest that doubled LinkedIn Corp's share price after its initial public offering last week.
French President Nicolas Sarkozy softened his usually tough stance on Internet regulation at a forum that brought together tech titans in Paris, but stark divisions remained on everything from privacy to copyright.
Chrysler Group LLC on Tuesday paid back $7.6 billion in U.S. and Canadian government loans from its 2009 federal bailout, a move that allows the U.S. automaker to distance itself from an unpopular bailout and deepen its ties with Italian automaker Fiat SpA.
