Stocks edged lower on Tuesday as a rebound in commodity prices failed to offset lingering concerns about a slowdown in industrial growth.
Russian internet search firm Yandex's initial public offering was oversubscribed by 17 times, a source said, as analysts predicted big price gains when its stock starts trading on the U.S. Nasdaq exchange on Tuesday.
French President Nicolas Sarkozy urged Internet leaders gathered in Paris on Tuesday to work with governments and share fairly the benefits of a revolution he compared to the discoveries of Columbus, Galileo and Newton.
G8 leaders will discuss aid for North African states after recent popular uprisings and ways to end the conflict in Libya at a summit this week, but could get sidetracked by wrangling over who should be the new IMF chief.
New single-family home sales rose for a second straight month in April and supply was the lowest in a year, but an overhang of previously owned homes on the market will stifle any housing market recovery.
Shares of Russian Internet company Yandex NV surged more than 40 percent in their debut on Tuesday, in the largest U.S. initial public offering in the Internet sector since Google Inc.
New U.S. single-family home sales rose unexpectedly in April to notch their second straight month of gains and prices increased, according to a government report on Tuesday that offered some hope for the stagnant housing market.
Consumers, already hard hit by a sharp collapse in home prices, are facing renewed challenges from higher gasoline costs, Federal Reserve Governor Elizabeth Duke said on Tuesday.
Take a helping of Russian genius, add a portion of risk appetite and stir in a lot of patience, and you have the recipe for the resounding success of search engine Yandex's U.S. stock market float.
Leap Wireless International Inc is opposing AT&T Inc's planned $39 billion acquisition of T-Mobile USA on the grounds that it would harm consumers.
Japan's government maintained its overall view that the economy remained weak in the aftermath of the March earthquake, but downgraded its assessment of capital spending in a monthly report published on Tuesday.
An 899 million euro ($1.3 billion) EU antitrust fine was excessive and undeserved, Microsoft Corp told an EU court on Tuesday in a case which could draw a line under a decade of legal battles.
New U.S. single-family home sales rose unexpectedly in April to notch their second straight month of gains and prices increased, according to a government report on Tuesday that offered some hope for the stagnant housing market.
Stocks rose modestly on Tuesday as stronger oil prices led a rebound from the previous session when stocks closed at their lowest in a month.
Oil rose more than $2 per barrel on Tuesday, taking Brent crude futures to almost $113, after Goldman Sachs increased its forecasts for the North Sea benchmark, citing strong fuel demand growth.
Gold Prices at Tuesday morning's London Fix hit record Euro and Pound Sterling highs - €1078.85 and £942.22 per ounce respectively. The US Dollar ticked lower after a Federal Reserve official suggested monetary policy may remain loose for an extended period.
Stock index futures pointed to a modestly higher open on Tuesday as stronger oil prices led a rebound from the previous session when stocks closed at their lowest in a month.
Stock index futures rose on Tuesday, with higher oil prices leading a rebound from the previous session when stocks closed at their lowest in a month.
Stock index futures rose on Tuesday, with higher oil prices leading a rebound from a steep sell-off in the previous session that sent stocks to their lowest close in a month.
Commodities trader Glencore's shares were stuck under water on their first day of official trade, dashing hopes of a strong start after it set a mid-range flotation price for London's largest ever offering.
United States President Barack Obama, as part of the Middle East peace speech on Thursday, called for two-state solution to the Israel-Palestinian conflict, which would be based on the 1967 accords.
A Greek debt default would hurt other peripheral euro zone states and could push Portugal and Ireland into junk territory, Moody's said on Tuesday, warning it would classify most forms of restructuring as a default.
Japan's government maintained its overall view that the economy remained weak in the aftermath of the March earthquake, but downgraded its assessment of capital spending in a monthly report published on Tuesday.
Shares in commodities trader Glencore ticked higher on their first day of official trade but remained below their offer level, dashing hopes of a strong start after the group set a mid-range flotation price.
A Greek debt default would hurt the country's credit rating as well as its banks and would likely affect other peripheral euro zone countries, Moody's said in a statement assessing the impact of a possible default.
Financial markets regained some poise on Tuesday but recouped only a little ground from the battering inflicted a day earlier by fears that the euro zone debt crisis is heading for a new, more dangerous phase.
Shares in commodities trader Glencore ticked higher in their first day of official trade but remained well below the offer price, dashing hopes shares would rise after it set a mid-range flotation price.
The dollar held firm on Tuesday and stocks in Asia steadied but the euro remained on the defensive on worries that the euro zone's debt crisis was deepening and could spread to heavyweights such as Spain.
Asian stocks held steady on Tuesday but may resume declines after the prior session's sell-off as fears about the euro zone's worsening debt problems and volatile commodity prices kept investors on edge.
The Securities and Exchange Commission is probing whether two major banks made proper representations to pension-fund clients about how their currency trades would be handled and priced, the Wall Street Journal reported, citing a person familiar with the matter.
