A flexible Chinese Yuan (CNY) may create romm for other emerging market currencies to appreciate and thereby push up consumption of commodities in those economies in the coming months. This will prove positive for energy, gold and metals, according to an analysis by Bank of America-Merrill Lynch (BofAML).
Stock index futures pointed to a lower open on Wall Street on Thursday, with futures for the S&P 500, Dow Jones and Nasdaq down 0.6 to 1.1 percent at 4:44 a.m. EDT.
Global equities and crude prices eased on Thursday on concerns over economic growth after the U.S. Federal Reserve's pessimistic outlook, though the dollar recovered from the previous session's losses.
Budget austerity plans will not drag the euro zone economy into stagnation, European Central Bank President Jean-Claude Trichet was quoted on Thursday as saying.
Asian stocks mostly steadied while the dollar eased on Thursday amid concerns over the global outlook after the Federal Reserve said the economic recovery was faltering.
Asian stocks firmed on Thursday, lifted by gain in miners on expectations Australia's government would compromise on a controversial mining tax, while the U.S. dollar eased after the Federal Reserve said the economic recovery was faltering.
World leaders will warn this week against taking the global economic recovery for granted while also noting that the huge costs of stimulus could hurt long-term growth, a draft G20 document shows.
Kenneth Feinberg will step down from his role as U.S. Treasury's pay car later this summer to focus on administering the BP Plc's $20 billion oil spill fund, a Treasury spokesman said on Wednesday.
he AUD continues to trade close to the top of its recent trading range, supported by the currency control changes out of China.
The Federal Reserve acknowledged a faltering pace of U.S. economic recovery on Wednesday as it renewed its vow to hold benchmark interest rates exceptionally low for an extended period.
The Aussie opens today lower at 0.8700 against the Greenback as mixed signals on the US housing front overnight cast shadows over the US economy in the lead up to the U.S. Federal Reserve's latest announcements tonight.
Stocks mostly fell in a volatile session on Wednesday after the Federal Reserve downgraded its assessment of the economic recovery as it vowed to keep cheap money flowing.
Lawmakers softened several of their toughest restrictions on banks' trading activity on Wednesday as they neared completion of a sweeping rewrite of financial regulations.
The Federal Reserve acknowledged a faltering pace of U.S. economic recovery on Wednesday as it renewed its vow to hold benchmark interest rates exceptionally low for an extended period.
Sales of new homes dropped a record 32.7 percent in May to the lowest level in at least four decades as the boost from a popular tax credit faded, adding to worries over a slowing economic recovery.
U.S. stocks fell in a volatile session on Wednesday after the Federal Reserve downgraded its assessment of the economic recovery as it vowed to keep cheap money flowing.
Senator Blanche Lincoln, who has pushed a crackdown on Wall Street's use of derivatives, wants to give some banks a break from new capital requirements in the financial reform bill.
Connecticut's attorney general subpoenaed CVS Caremark Corp on Wednesday after the company threatened to shut down a consumer discount drug program rather than extend it to Medicaid patients.
Stocks zigzagged on Wednesday following a Federal Reserve statement that pointed to more cheap money even as the Fed acknowledged the pace of economic recovery is faltering.
Large banks would not have to set aside money to cover the cost of liquidating troubled financial firms under an agreement on Wednesday by U.S. lawmakers finalizing a sweeping rewrite of financial regulations.
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Rite Aid Corp posted a smaller-than-expected quarterly loss, helped by lower expenses and charges related to drugstore closings, sending shares up as much as 10 percent.
Four days after U.S. securities regulators charged Goldman Sachs Group with civil fraud, Ash Williams, the top administrator for Florida's $138 billion in public investments, wanted to talk to someone at the Wall Street firm.
Eric Heinbockel recalls going on a Wall Street interview the day investment bank Bear Stearns collapsed. With his chances of landing a coveted finance job dwindling, the former Columbia University undergraduate began exploring more entrepreneurial options, eventually launching a business that lets customers build their own chocolate bars.
Before you ask for a raise, the most important thing you need to remember is that you need a reason for asking for one. An employer is not just going to hand out extra money to you because they like you - you need to give them a compelling reason to do so.
U.S. chief executive officers' view of the economy reached a four-year high in the second quarter, with more planning to add jobs over the next six months, according to a Business Roundtable survey.
Brands that use microblogging sites like Twitter to provide real-time responses to the public are winning a higher degree of trust from consumers, according to a study by a leading public relations firm.
The euro is a flawed construct and Germany's budget savings policy is making it harder for other countries in the currency bloc to regain competitiveness, billionaire investor George Soros said on Wednesday.
Wall Street banks face a turning point on Wednesday as U.S. lawmakers are expected to spell out limits on a range of risky but lucrative trading practices in a sweeping rewrite of financial regulations.
Stocks dropped on Wednesday after data showed new home sales fell to its lowest level in at least four decades, adding to worries about a slowing economic recovery.
