The pace of global expansion in the private sector sagged in June to a four-month low, according to a survey on Tuesday that pointed to slowing growth in order books and employment.
European bank supervisors plan to outline on Wednesday the methodology used in their stress tests of Europe's biggest banks, sources familiar with the process said on Tuesday.
Agricultural Bank of China priced its Hong Kong and Shanghai dual listing on Tuesday, a deal that would break all IPO records by raising more than $22 billion when adding in over-allotment shares.
Kohlberg Kravis Roberts & Co co-founders Henry Kravis and George Roberts will own about a quarter of the private equity firm they founded after the firm is listed on the New York Stock Exchange, according to a regulatory by the company on Tuesday.
World stocks posted their biggest gains in a month on Tuesday after recent drubbings pushed shares to attractive levels, while the euro rose as investors waded back into risky assets.
Stocks rebounded on Tuesday from a 10-month low on the S&P 500 on data that showed the services sector, the economy's largest, grew for a sixth straight month in June.
BP Plc said on Tuesday that it could cover the costs of the Gulf of Mexico oil spill without selling new shares, despite reports it was talking to government-owned funds in the Middle East about buying a stake to ward off takeover attempts.
The Australian dollar rallied on Tuesday after an upbeat assessment of the global economy by the Reserve Bank of Australia spurred traders' appetite for high-yielding currencies, and the rising risk demand also helped boost the euro.
Higher risk appetite, combined with a lackluster U.S. service sector report, put the dollar under broad selling pressure amid fears of further slowdown in the U.S. economy.
The non-manufacturing sector grew in June for a sixth straight month but the rate of growth slowed more than expected and hit its lowest since February, according to an industry report released on Tuesday.
Alex's objective was to secure a highly coveted pharmaceutical sales rep position. His main concern, and one brought up in previous interviews, was that he lacked the business-to-business (B2B) sales experience required.
Gold erased early gains on Tuesday to tumble to a six-week low as selling precipitated by a sharp rebound in equities pushed the metal through key technical support levels near $1,200 an ounce.
Spot gold slipped as low as $1,189.55 an ounce and was bid at $1,192.00 an ounce at 10:09 a.m. EDT (1409 GMT), against $1,206.95 late in New York on Monday. U.S. gold futures for August delivery fell $14.80 an ounce to $1,192.90.
As the U.S. recovery limps along, some economists and political leaders are warning that states' poor fiscal conditions could threaten any progress.
(Corrects manufacturing sector to service sector in paragraph 3)
Agricultural Bank of China priced its Shanghai initial public offering at 2.68 yuan (40 cents) per share, the top of an indicated range, sources said on Tuesday, which combined with its Hong Kong offering and its greenshoe option is set to be the largest IPO ever.
(Corrects 2nd paragraph to service sector from 'national factory' activity)
Agricultural Bank of China Ltd, the country's third-largest lender, raised $10.5 billion when it priced its Hong Kong initial public offering at the middle of its original range, a source with direct said on Tuesday.
Top drugstore chain Walgreen Co reported a better-than-expected rise in June same-store sales after it filled more prescriptions and saw improving demand for non-prescription items.
A 72 billion euro liquidity drain from the European monetary system fuelled expectations of higher interbank borrowing costs to come as bank-to-bank rates scaled 10-month highs on Tuesday.
The London Interbank Offered Rate (Libor) in three-month euro funds EUR3MFSR= hit 0.74 percent at the London fixing, its highest level since Sept 9. Euro Libor has been creeping up since hitting a euro lifetime low of 0.57563 percent on April 1.
Stocks rose broadly on Tuesday, following five days of losses, as data showed the economy's services sector grew for a sixth straight month in June and on signs of strength in Europe's banking system.
The dollar fell against the yen on Tuesday after a lower-than-expected reading on growth in the U.S. non-manufacturing sector raised concerns about the outlook for the economy.
U.S. stocks rose on Tuesday, led by financial and technology shares, even though data showed U.S. non-manufacturing activity grew at a slower rate than expected in June.
Worldwide semiconductor sales rose 4.5 percent in May from April to $24.7 billion, helped by strong sales of personal computers, cell phones, corporate information technology, industrial applications and autos, the Semiconductor Industry Association said.
The Australian dollar rallied on Tuesday after an upbeat assessment of the global economy by the Reserve Bank of Australia spurred appetite for high-yielding currencies, while rising risk demand also helped boost the euro.
Gold rose back above $1,210 an ounce in Europe on Tuesday as physical demand for the precious metal recovered after last week's price dip, and as the weaker dollar encouraged some buying.
Spot gold was bid at $1,210.15 an ounce at 7:37 a.m. EDT (1137 GMT), against $1,206.95 late in New York on Monday. U.S. gold futures for August delivery firmed $2.30 an ounce to $1,210.00.
U.S. stock index futures rose sharply on Tuesday, tracking gains in global equity markets, as investors looked for bargains after Wall Street closed its worst week in two months.
Immediately after the Tel Aviv Meet on Zimbabwe's blood diamonds, the world was abuzz with the diamond controversy.
Several newspapers carried articles on the blood diamonds and the Zimbabwe mine fields. Diamond jewelry is a powerful symbol of status and love, and a $72 billion-a-year retail business worldwide.
BP ruled out a share issue and talk persisted of sovereign wealth fund interest in the British oil major, boosting its shares on Tuesday even as its Gulf of Mexico oil slick spread to the Texas coast.
Agricultural Bank of China, the country's No.3 bank by assets, has closed the books on its dual Hong Kong and Shanghai share sale and could break all IPO records by raising more than $22 billion.
Agricultural Bank of China, the country's No.3 bank by assets, has closed the books on its dual Hong Kong and Shanghai share sale and is on track to raise around $20 billion in what could be the world's largest ever IPO.
World stocks bounced higher on Tuesday from a recent five-week low in a broad risk rally that boosted oil prices, while investors sold off the dollar and government bonds.
