Profit at Standard Chartered <2888.HK> jumped 19 percent in 2010 and the Asia-focused bank said it was off to a record start this year as China, India and other Asian markets boomed.
German Chancellor Angela Merkel said on Wednesday a European Union document laying out options for a deal on safeguarding euro zone states' public finances was a good basis for discussions at a March 11 summit in Brussels.
Private sector employers added more jobs than expected last month in a sign of steady improvement in the labor market, ahead of the closely watched non-farm payrolls report from the Labor Department on Friday.
U.S. private sector employment rose more than expected in February, posting a gain for a fifth straight month.
Billionaire Warren Buffett said the U.S. economy is coming back and does not need more stimulus, despite an uneven recovery that mirrors the fortunes of businesses at his company, Berkshire Hathaway Inc.
The number of planned layoffs at U.S. firms rose in February to its highest level in 11 months as government and non-profit employers let workers go, a report showed on Wednesday.
High oil prices are a threat to the global economic recovery and present a challenge the world will have to face over the long term, the International Energy Agency's chief economist said on Wednesday.
Stock index futures pointed to a flat open on Wednesday as continued high oil prices offset strong labor market data a day after a heavy sell-off.
Planned job cuts in the U.S rose sharply in February to reach an 11-month high, a nation-wide survey of employers revealed.
Stock index futures were slightly higher on Wednesday, stabilizing a day after a surge in oil prices led to a heavy sell-off.
Stock index futures were slightly higher on Wednesday, stabilizing a day after a surge in oil prices led to a heavy sell-off.
Asia-focused bank Standard Chartered <2888.HK> met expectations with a 19 percent rise in profits and said it was off to a record start this year as China, India and other Asian markets boomed.
The rancor over bank bonuses means investment bankers across the globe are now getting a higher level of fixed pay but industry groups in Europe still feel their financial sector is facing much tougher rules than the rest of the world.
Yahoo Inc is in advanced talks to leave its Japanese joint venture in an effort to sort out its dysfunctional Asian partnerships and free up as much as $8 billion to fight Google and Facebook.
Asia-focused Standard Chartered Bank Plc met earnings expectations, reporting a 52 percent rise in second-half net profit amid strong growth in emerging markets.
U.S. stock index futures pointed to a flat open on Wall Street on Wednesday following the previous session's sell-off, with futures for the S&P 500 up 0.02 percent, Dow Jones futures down 0.01 percent and Nasdaq 100 futures up 0.05 percent at 3.16 a.m. EST.
Oil rose toward a 2-1/2 year high and stocks fell on Wednesday as investors shunned risky assets on concern that escalating tension in Libya would spread in the Middle East and disrupt fuel supplies.
Oil rose toward a 2-1/2 year high and stocks fell on Wednesday as investors shunned risky assets on concern that escalating tension in Libya would spread in the Middle East and disrupt fuel supplies.
Yahoo Inc is in advanced talks to exit its joint venture in Japan with Softbank Corp, a move that could lead it to focus on reaching a decision on its China assets.
A Northern California hedge fund manager faces one count of wire fraud for improperly diverting more than $12 million, but that charge will be dismissed after three years provided he fulfills an agreement with U.S. prosecutors, according to a court filing.
Yahoo Inc is in advanced talks to exit its joint venture in Japan with SoftBank Corp, a move that could lead it to focus on reaching a decision on its China assets.
A former UBS AG banker has been charged with conspiracy for helping wealthy Americans hide assets to evade U.S. income taxes, according to a criminal complaint unsealed on Tuesday in federal court in Florida.
Bailed-out insurer American International Group
will sell off its stake in MetLife Inc months earlier than expected, accelerating its repayment of the U.S. government and giving MetLife more control of what had been an overhang for its shares.A controversial decision by Canada's telecommunications regulator that effectively blocked small Internet providers from offering customers unlimited downloads could stifle innovation and harm the economy, Industry Minister Tony Clement said on Tuesday.
American International Group Inc
will sell MetLife Inc shares it received in the 2010 sale of American Life Insurance Co to MetLife earlier than originally planned, the company said on Tuesday.This just-in-time book will help any investor find safe havens that will turn the economic downturn into a unique wealth-building experience. As long as stocks continue to post new highs and surprising lows, investors will need dynamic strategies to make a profit. Wealth Building Strategies in Energy, Metals, and Other Markets explains that money management and long-term trend identification are the keys to investing success.
A former Goldman Sachs Group Inc director leaked secret details to Galleon Group hedge fund manager Raj Rajaratnam about Warren Buffett's plan to invest $5 billion in the Wall Street bank at the height of the financial crisis, a U.S. securities regulator charged.
FrontPoint Partners, the $4.5 billion hedge fund ensnared in the government's insider trading probe, is back on its own after more than four years of living with investment bank Morgan Stanley .
The next government auction of valuable wireless spectrum in Canada is still at least a year and a half away, but the fight among telecom companies over how the auction should be run is already in full swing.
Concerns that rising oil prices could hurt economic recovery prompted investors on Tuesday to sell stocks and hedge against further declines.
