Result Page 857 for Latest Markets / Finance News & Archive

Existing home sales weak but supply falls

Sales of previously owned U.S. homes unexpectedly fell last month, a decline economists and real estate agents pinned on delays in processing mortgage applications.

Latam currencies firm, Brazil rates edge down

Latin American currencies firmed on Tuesday as stronger-than-expected German economic data offset concerns that Europe's efforts to confront debt troubles may crimp global economic growth.

Bank of Canada says yuan move an important step

The Bank of Canada said on Tuesday that China's move to loosen its foreign exchange controls was an important step forward.

Oil dips in choppy trade

Crude oil futures edged lower in choppy trading on Tuesday, seesawing with Wall Street in a cautious market ahead of weekly oil inventory reports and with the U.S. July crude contract approaching expiration at the end of the session.

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Regulators update estimated cost of bank busts

Regulators updated the estimated cost of cleaning up hundreds of bank failures on Tuesday, saying the industry is seeing better earnings and a greater ability to raise capital.

JPMorgan shuffles CFO, other executives

JPMorgan Chase & Co said on Tuesday that it had replaced Chief Financial Officer Michael Cavanagh with Doug Braunstein, the company's head of investment banking for the Americas.

Geithner sees bank bailout costs dropping

Taxpayer losses from the U.S. government's $700 billion financial bailout fund will likely come in below the officially projected $105 billion as the economy recovers, U.S. Treasury Secretary Timothy Geithner said on Tuesday.

Dollar up vs euro on concerns over European banks

The dollar rallied for a second straight day against the euro on Tuesday as new concerns about the funding needs of European banks offset stronger-than-expected German economic data.

Walgreen profit weaker than expected

Walgreen Co , the biggest U.S. drugstore chain, posted a lower-than-expected quarterly profit as sales of nonprescription items disappointed, sending its shares down 6.1 percent.

Weak home data slices into shares, gold rises

Weak May U.S. housing data undercut stocks and sent U.S. Treasuries up, while Europe grappled with a fresh tremor to its banking system after Fitch downgraded French bank BNP Paribas (BNPP.PA).

World's rich got richer amid '09 recession

The rich grew richer last year, even as the world endured the worst recession in decades.

Latin American currencies struggle on China

Latin American currencies struggled for direction early on Tuesday as investors became more skeptical of China's vow to ease control over its foreign exchange rate.

Europeans act alone on bank tax before G20

Germany, France and Britain announced plans on Tuesday to introduce a bank levy to help meet the costs of the financial crisis, without waiting for a G20 summit this week, underscoring a rift with key partners.

Sonic and Sears strike deal on online TV and movies

Sears Holdings Corp on Tuesday became the latest retailer to partner with digital media company Sonic Solutions to sell movies and television shows through an online website.

Euro lending costs, 7-day ECB borrowing rises

Benchmark bank-to-bank euro lending costs edged higher on Tuesday as demand for funds increased before the quarter end and the expiry of the European Central Bank's 442 billion euro one-year refinancing operation.

Dollar gains vs euro for second straight day

The dollar gained for the second straight day against the euro on Tuesday as new concerns about the funding needs of European banks offset stronger-than-expected German economic data.

Oil falls below $78 as China yuan impact fades

Crude oil fell below $78 per barrel on Tuesday as shares retreated and on expectations that a slow rise in China's currency would have a more limited impact on global demand than initially anticipated.

RIM's new BlackBerry may overshadow quarterly results

Research in Motion investors want to know one thing above all when the BlackBerry maker reports quarterly results this week: when will RIM's long-promised iPhone killer finally hit the market?

Wall Street falters after home sales data

Stocks were little changed on Tuesday after data showed sales of previously owned U.S. homes fell unexpectedly in May.

Treasury's Geithner: bank bailout costs falling

Costs for the emergency bank bailout program launched during the 2007-2008 financial crisis continue to fall as the U.S. economy recovers, Treasury Secretary Timothy Geithner told Congress on Tuesday.

Existing home sales fall unexpectedly in May

Sales of previously owned homes fell unexpectedly in May as delays in processing mortgage applications hampered the closing of contracts benefiting from a popular homebuyer tax credit, an industry group said on Tuesday.

Intel and FTC talk settlement of market abuse suit

Intel and the Federal Trade Commission filed motions on Monday to suspend trial proceedings while both negotiate settlement of a lawsuit, in which the agency accused the company of abusing its market dominance.

India gold imports plummet 50% on Eurozone crisis

India gold demand has dipped by over 50% month-on-month for the month of May 2010 as the prices surged to the historic peak levels on the back of uncertainties lingering on the Eurozone economies.

Wall Street eyes flat open as China enthusiasm wanes

Wall Street was set for a flat open on Tuesday as investors reassessed a vow by China for more flexibility on its currency and tread cautiously ahead of data expected to show a slight rise in U.S. home sales last month.

UK's Osborne cuts 2010, 2011 growth forecasts

Britain's economy will grow more slowly than previously envisaged this year and next as a result of fiscal tightening but will subsequently pick up speed, finance minister George Osborne said on Tuesday.

Gold supported by fresh wave of risk aversion

Gold edged up in Europe on Tuesday as lower prices drew investors back to the market and expectations that gold's appeal as a refuge from risk will persist acted as a pillar of support for the metal.

Euro retreats from 1-month high vs dollar

The euro retreated from a one-month high against the dollar on Tuesday, tracking a pullback in the yuan a day after China's pledge to allow its currency to trade more freely had spurred risk demand.

Stock futures slip on caution over China's yuan move

Stock index futures dipped on Tuesday as investors reassessed a vow by China for more flexibility on its currency and turned cautious ahead of data expected to show a slight rise in U.S. home sales.

Yuan loses ground, new c.bank strategy takes shape

The Chinese yuan slipped on Tuesday, giving back more than half the previous day's rally,with hefty dollar buying by state-owned banks suggesting the central bank was using new tactics to stir two-way trade and limit yuan gains.

Stock futures slip with world stocks on China caution

Stock index futures dipped on Tuesday as investors took a more cautious view over China's vow of more yuan flexibility, while data on home sales was on tap later in the morning.

Stock futures fall as eyes on housing data

Stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.4 percent, Dow Jones futures down 0.3 percent and Nasdaq 100 futures down 0.4 percent at 0930 GMT.

China insists yuan reform must be gradual

China on Tuesday stuck to its guns on the pace of exchange rate reform, reaffirming that change must remain gradual and controllable.

Is China using overdose of cadmium in jewellery?

Two state legislatures, Connecticut and Minnesota, have recently voted into law bills that regulate the amount of cadmium in children's jewelry.

Commodity retreat pulls Britain's FTSE 100 lower

Weaker commodity stocks and banks pushed Britain's top share index lower early on Tuesday, after gains in the previous session, as confidence prompted by China's decision to give its currency more flexibility faded.

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