The U.S. economy is almost strong enough to allow the Federal Reserve to begin raising interest rates, Atlanta Fed President Dennis Lockhart said on Thursday.
U.S. investment bank JP Morgan Securities Ltd has been fined a record 33.32 million pounds ($49.12 million) in Britain for failing to protect billions of dollars of client money over almost seven years.
The Swiss parliament's upper house on Thursday backed a Swiss-U.S. tax deal that averted the risk of crippling legal action against UBS but punched a hole in the country's treasured bank secrecy.
U.S. stock index futures pointed to a higher opening on Thursday as two reports on the labor market reinforced optimism that Friday's monthly payrolls data would be strong.
A gauge of online demand for labor in the United States rose in May for the fourth straight month to the highest level since November 2008, a private research group said on Thursday.
Isolated for decades behind Asia's bamboo curtain, communist Laos will soon take a great leap into the global capitalist marketplace with the launch of a stock exchange to fuel a quiet mining and hydro-power boom.
U.S. stock index futures pointed to a higher opening on Thursday on hopes that an upcoming report on the labor market will show improvement in the economy.
Stock index futures pointed to a higher opening on Thursday on hopes that an upcoming report on the labor market will show improvement in the economy.
In an attempt to soothe public anger at the wealth of giant energy companies operating in Xinjiang, China has imposed a tax on oil and gas production in its Northwestern Province. The 5 percent tax in oil-rich Xinjiang, imposed Tuesday, is part of a development plan for the desert region, where ethnic tensions exploded into rioting last July that killed nearly 200 people. Earlier, Chinese president Hu Jintao said increased revenue from the resource tax should be focused on improving local people...
In the last few months, speculation has been rife in bullion markets around the world that China will be buying the gold that the International Monetary Fund (IMF) is disposing of these days. But is China buying the IMF gold? It looks, despite the hype about Chinese plans to amass gold reserves in place of the US dollar, the dragon country is not in a mood to buy gold from IMF.
French-inspired plans to create an economic government for the euro zone took a step forward on Wednesday when European Council President Herman Van Rompuy threw his weight behind the idea.
Good morning dear traders, EURUSD was not my favourite currency yesterday. My trading in EURUSD and Cable was rather exhausting in the morning. Further, I finished a good shorting chance in GBPUSD with a too tight stopp-loss. But I´m learning out of my mistakes.
The world's top nations will back general principles rather than a specific tax to make banks pay for their own bailouts in future, finance ministers and diplomats said on Thursday.
Gold prices extended losses in Asian trade Thursday but ETF holdings rose to another record overnight. Gold for immediate delivery was seen trading at $ 1221.71 an ounce at 11.00 a.m Singapore time while U.S. gold futures for August delivery was at $1,223.7 an ounce.
In an attempt to overcome declining values in its forex reserves due to drop in euros value against the dollar, Iran is planning to convert 45 billion euros of its reserves into dollars and gold ingots. According to reports, Iran's central bank took this decision against a backdrop of a new phase of economic recession in Greece and Spain which has caused a drop in the value of euro against the dollar in global markets.
Gold prices surged to all time records in India and neighboring Nepal as the marriage season demands more purchase of the yellow metal. In India, world's largest gold market, prices zoomed to an all-time high of Rs 19,050 per ten grams here while in Nepal prices rose to another record high of Nepal Rs 30,910 per 10 grams.
Asian stocks jumped on Thursday, posting their biggest single-day gain in four weeks, as U.S. housing data fueled optimism about the world's largest economy.
Global oil prices climbed near $74 a barrel in Asian trade Thursday mainly after reports of decline in US crude inventories. Light sweet crude for July delivery was seen trading at $73.61 a barrel at 11.00 a.m Singapore time while Brent crude was at $ 74.45 a barrel in London.
Facebook Chief Executive Mark Zuckerberg said he has no date in mind to take the Internet social networking company public, and defended changes to the service that have provoked privacy concerns.
Group of 20 nations must agree to put public finances back on a sustainable path but in a way that doesn't choke off global recovery, Treasury Secretary Timothy Geithner said on Wednesday.
The AUD continues to trade in a volatile manner while remaining contained within the range between USD0.8250-USD0.8450.
Ford Motor Co and General Motors Co posted double-digit sales gains for May that outpaced growth for Toyota Motor Corp as U.S. auto sales rose 19 percent from the depressed levels of a year earlier.
The Oracle of Omaha, for once, may have failed to impress his audience. Warren Buffett, the billionaire whose investments are followed religiously on Wall Street, had no easy remedies when grilled on Wednesday about the role of credit rating agencies in fueling the financial crisis.
Traders clashed over the fragmentation and ultra high speed of today's U.S. equities marketplace on Wednesday, as one charged that more traditional orders are being gamed but another said that high-frequency traders are unfairly vilified.
For the second time in nine months the Reserve Bank of Australia left rates unchanged at 4.5% as expected and the Aussie fell as the RBA signalled policy makers may keep borrowing costs steady as 'the effects of earlier expansionary policy measures will be diminishing.'
U.S. auto sales rose about 19 percent in May, a rebound from depressed year-earlier levels that still leaves the industry sputtering at the lowest sales rate since the 1980s more than half a year into a grudging recovery.
Pending home sales hit a six-month high in April, data showed on Wednesday, but falling demand for home loans pointed to ebbing activity in the vital housing market due to the expiration of a popular tax credit for buyers.
Stocks rallied on Wednesday as investors rushed back into beaten-down shares, led by energy, which bore the brunt of the sell-off a day earlier.
The Oracle of Omaha suddenly seemed short of answers. Warren Buffett, the billionaire whose investments are followed religiously on Wall Street, had no easy remedies when grilled on Wednesday about the role of credit rating agencies in the financial crisis.
U.S. banks are slowly working their way through a mountain of non-performing loans from the credit crisis, but dangers still abound, two credit rating agencies said on Wednesday.
