MARKETS / FINANCE

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World stocks rise to new 29-month highs

World stocks hit fresh 29-month highs on Wednesday, lifted by strong data pointing to sustained economic recovery and continuing positive company earnings.
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BOJ Kamezaki says Japan economy near end of lull

Japan's economy will emerge from a lull soon and is certain to pull out of deflation over time, a Bank of Japan policymaker said, offering a somewhat upbeat take on the outlook on budding signs of a recovery.
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Dow and S&P end at highest since June 2008

The Dow and S&P 500 closed at their highest levels since June 2008 on Tuesday and looked poised for more gains after strong earnings and signs of a surge in U.S. manufacturing.
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Dow hits 12,000 as stocks rally

The Dow and S&P 500 closed at their highest levels since June 2008 on Tuesday and looked poised for more gains after strong earnings and signs of a surge in U.S. manufacturing.
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Cleveland Fed: US jobless rate likely to stay high

U.S. unemployment will stay high for some time, in part because changes in the labor market have made it tougher for those out of work to find jobs, a Federal Reserve Bank of Cleveland economist said on Monday.
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Corinthian to cut jobs, hike tuition fees

Corinthian Colleges (COCO.O) said it will cut about 4 percent of its workforce and increase tuition fees as it expects new student enrollment to fall further amid a tough regulatory environment.
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UPS profit tops estimates

United Parcel Service, the world's largest package delivery company, reported a quarterly profit that beat estimates and forecast record-high profits in 2011, sending its shares up more than 4 percent.
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When and How Gold Will Begin its Bubble

The bull market in Gold is in its 12th year (globally it began in 1999) but has yet to exhibit any bubble-like conditions. Institutional accumulation began in 2009 (e.g. Paulson, Einhorn) and we know that phase lasts at least a few years before a bull market gives birth to a bubble.
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Wall Street rises on solid manufacturing data

Stocks rose on Tuesday as solid manufacturing data in the United States and Europe helped investors turn their attention away from the turmoil in the Middle East to hopes that a global economic recovery was on track.
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Wall Street to open higher on hopes for economy

Stocks were poised for a higher open on Tuesday as solid manufacturing data in Europe helped investors refocus attentions from the maelstrom in the Middle East to hopes that a global economic recovery was on track.
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When Gold Bullion Fails

Whatever your finance advisor, economics professor, banker or coin dealer might tell you, no single asset class - bought today - can promise to hold or grow its value, year after year, until precisely the day when you need to sell it and spend.
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Google launches Twitter workaround for Egypt

Google Inc launched a special service to allow people in Egypt to send Twitter messages by dialing a phone number and leaving a voicemail, as Internet access remains cut off in the country amid anti-government protests.
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Stock futures higher as attention turns to economy

U.S. stock index futures advanced on Tuesday as investors turned their attention from the geopolitical tremors in the Middle East to data they hope will provide insight into the state of the U.S. economic recovery.
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Gaming startup woos romance readers

Despite never having read a romance novel, Melissa Heidrich had always thought about making video games based off the popular literary genre. A chance encounter at a recent high school reunion with former classmate
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UPS profit tops estimates, sees record in 2011

United Parcel Service, the world's largest package delivery company, reported a quarterly profit that beat estimates and forecast record-high profits in 2011, sending its shares up nearly 3 percent on Tuesday in premarket trading.
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Gold opens February with gains

Gold rose in Europe on Tuesday as the dollar index hit a 12-week low and geopolitical tensions centered on Egypt added risk premium to prices, with Asian demand for coins and bars after January's price drop adding support.
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Centamin Egypt says ops unaffected by unrest

Miner Centamin Egypt said its operations were unaffected by the political unrest as momentum continues to build in Egypt, while it forecasts higher production in 2011. Egypt-focused stocks have come under the spotlight as protestors demand an end to the 30-year-rule of President Hosni Mubarak.
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Chains to report chilly end to holidays

U.S. retailers are poised to show only a modest rise in January sales as record snow in many parts of the United States kept shoppers away from malls and crimped demand for early spring merchandise.
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Joblessness, rising prices could spark war within

The world economy is beset by problems such as high unemployment and rising prices which could fuel trade protectionism and even lead to war within nations, the head of the International Monetary Fund warned on Tuesday.
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PMI surveys hint at deeper-seated inflation

Costs for Asian and European manufacturers jumped in January as firms ramped up production, surveys showed on Tuesday, the latest evidence of growing pressure on global inflation from food and fuel prices.
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Data buoys Asian stocks as oil hovers above $100

Asian stocks rose on Tuesday, led by shares of resource companies, as strong U.S. factory data and surging commodities prices offset fears that unrest in Egypt could spread to other parts of the Middle East.
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Global imbalances returning, could fuel unrest: IMF chief

The world economy has begun improving but is beset by problems such as high unemployment and rising prices which could fuel crippling trade protectionism or even lead to war within nations, the head of the International Monetary Fund warned on Tuesday.
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U.S. data buoys Asian stocks, oil hovers above $100

Asian stocks posted modest gains on Tuesday, led by shares in resource companies, as strong U.S. factory data and surging commodities prices offset fears that unrest in Egypt could spread elsewhere in the Middle East.

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