Result Page 627 for Latest Markets / Finance News & Archive

Special report: Chinese stock scams are the latest U.S. import

It seemed like the perfect China play, a way for investors to cash in on the world's fastest growing economy.

Exxon says oil barrel should be in $60-$70 range

The head of Exxon Mobil stopped short of blaming speculators for the run-up in oil prices, but he told Congress on Thursday that based only on the fundamentals of supply and demand, the price of oil should be in the range of $60 to $70 a barrel.

China raises bank reserve requirements, more expected

China's central bank increased the reserve requirement ratio for its commercial banks by another 50 basis points on Thursday, extending its campaign to calm prices despite initial signs of slowing in the economy.

Core producer prices rise 0.3 percent in April

U.S. core producer prices rose 0.3 percent in April for the second consecutive month, while the increase from a year ago was the largest since August 2009, the Labor Department said on Thursday.

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Gold Diversification Doubted As Commodity Slump Continues

Thursday's London Silver Fix set the white metal's price at $32.50 per ounce, nearly $7 lower than a day earlier and 33% below the 31-year high of $48.70 set on April 28. [Silver] is still in an uptrend, despite the sharp sell-off reckons Mary Ann Bartels, head of US technical and market analysis at Bank of America Merrill Lynch, who said yesterday silver could hit $50 per ounce by the end of the year.

Goldman to raise up to 5 billion yuan China private equity fund

Goldman Sachs plans to raise up to 5 billion yuan ($770 million) for a private equity fund in China, a source familiar with the matter said on Thursday.

Retail sales post smallest rise in nine months

The economy struggled to gain momentum early in the second quarter, with retail sales posting their smallest rise in nine months in April and wholesale prices increasing more than expected.

Obama urges companies to hire, studies housing moves

President Barack Obama urged businesses to step up and hire workers, pressing banks and other corporations to do more to help an economy that he said would take several years to recover fully.

In his native Sri Lanka, Rajaratnam is no household name

Even in the heart of Sri Lanka's financial capital, convicted hedge fund founder and one-time billionaire Raj Rajaratnam remains a mystery to many on the island of his birth.

China raises bank reserves again to tame inflation

China lifted bank reserve requirements by 50 basis points on Thursday, signaling that containing inflation and soaking up excess cash remained its top priority even after signs the economy was slowing down.

Wall Street to fall with commodities, but data add support

Wall Street was set to open lower on Thursday as falling commodities prices prompted an unwinding of bets on risky assets, including equities, while a sour outlook from Cisco hurt technology stocks.

Jobless claims fall 44,000 in latest week

U.S. claims for unemployment aid fell sharply last week after a surprisingly big rise the prior week, a government report showed on Thursday.

IMF urges joint action over euro zone crisis

The International Monetary Fund urged broad-based action to combat the euro zone debt crisis, saying it was ready to give Greece more aid and asking the European Central Bank to tread carefully in hiking interest rates.

Takeda offers $12 billion for drugs firm Nycomed: sources

Japan's Takeda Pharmaceutical Co is in talks to buy privately-held Swiss rival Nycomed for more than $12 billion, seeking to boost its presence in Europe and emerging markets, said two sources with direct knowledge of the matter.

Stock futures slide with commodities, Cisco

U.S. stock index futures fell on Thursday as a continuing slide in commodities prompted an unwinding of bets on risky assets, including equities, while a sour outlook from Cisco hurt technology stocks.

Goldman Sachs to raise up to 5 billion yuan China private

Goldman Sachs plans to raise up to 5 billion yuan ($770 million) for a private equity fund in China, a source familiar with the matter said on Thursday.

Exclusive: Asia holds its nose, keeps buying U.S. debt

Asia's reserve-rich nations see no viable option but to keep on purchasing U.S. government debt despite their uneasiness about Washington's fraught political battle over public spending.

IMF warns on eastern Europe budgets

Growth in eastern Europe should accelerate only slightly this year as domestic demand recovers, but trouble in the euro zone periphery, wide budget deficits and inflation pressures still pose risks, the IMF said on Thursday.

Special report: Europe's Greek tragedy

Valentine's Day is supposed to be a celebration of love between partners, but that was in short supply when ministers from Europe's single currency zone met on the fifth floor of the Justus Lipsius building in Brussels on February 14.

Stock index futures fall; Cisco eyed

Stock index futures pointed to a lower open on Wall Street on Thursday, with futures for the S&P 500 down 0.29 percent, Dow Jones futures down 0.27 percent and Nasdaq 100 futures down 0.56 percent at 0735 GMT.

Takeda in talks with Nycomed, deal reportedly over $12 billion

Japan's Takeda Pharmaceutical Co is in talks to buy privately-held Swiss rival Nycomed, which has a significant presence in Europe and emerging markets, in a deal that could be worth more than 1 trillion yen ($12 billion), two sources told Reuters.

Takeda eyes $14.2 billion Nycomed deal: report

Japan's Takeda Pharmaceutical Co <4502.T> is in talks to buy privately-held Swiss rival Nycomed in a deal that could be valued at more than $14.2 billion, Bloomberg News said, citing two people with knowledge of the matter.

Japan to unveil nuclear operator Tepco compensation scheme

Japan is expected to unveil a scheme on Thursday that includes a $62 billion fund injection to help Tokyo Electric Power <9501.T> compensate victims of the crisis at its tsunami-crippled nuclear plant and save Asia's largest utility from financial ruin.

Asia stocks fall sharply on weaker commodities

Asian share markets tumbled on Thursday after a second big sell-off in commodities in less than a week curbed investor appetite for riskier investments and boosted the U.S. dollar, while a short-lived recovery in oil prices was wiped out in late trade.

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