The Western multinationals that have dominated global trade for decades are going to have their lunch eaten in China and elsewhere, and many are unaware it's about to happen.
The U.S. economy grew at a slightly slower pace than previously estimated in the first quarter but the recovery still appeared solid, suggesting the economy could withstand fallout from a European debt crisis.
Kenneth Starr, a New York investment adviser to celebrities such as movie director Martin Scorcese and actor Uma Thurman, was arrested by U.S. agents on Thursday on charges of running an alleged investment fraud of as much as $30 million, prosecutors said.
Democrats in the Senate concerned about the impact of a proposed tax hike on investment fund managers have drafted new options that would tax a smaller slice of their income at ordinary tax rates, a Democratic aide familiar with the discussions said.
Major U.S. indexes advanced on Thursday as investors were soothed after China denied a report that it was reviewing its holdings in euro-zone sovereign bonds due to the region's debt crisis.
Stocks advanced more than 2 percent on Thursday after China denied a report that it was reviewing its holdings in euro-zone sovereign bonds due to the region's debt crisis.
Australia's rice output in the crop year ended March 31 is expected to touch around 205,000 metric tons or triple from 63,000 tons, according to the grains report by the New South Wales Industry & Investment department.
Unemployment claims fell last week, suggesting the battered labor market is recovering but only slowly, the Labor Department said on Thursday.
Stocks surged 2 percent on Thursday after China denied a report it was reviewing its holdings in euro-zone sovereign bonds due to the region's debt crisis.
Hedge fund firm Man Group raised hopes it had finally stemmed client outflows and unveiled plans to launch new funds aided by its $1.6 billion purchase of smaller rival GLG last week, boosting its shares.
The economy grew at a slower pace than previously estimated in the first quarter as business investment slackened, while hard-hit state and local governments reduced spending at the steepest rate since 1981.
The economy grew at a slower pace than previously estimated in the first quarter as businesses investment slackened, while hard-hit state and local governments curbed spending at the steepest rate since 1981, a government report showed on Thursday.
Stock index futures pointed to a rise of about 2 percent at the open on Thursday after China denied a report it was reviewing its holdings in euro-zone sovereign bonds due to the region's debt crisis.
The euro rebounded on Thursday after China reaffirmed its long-term strategy of diversifying currency holdings away from the dollar and denied it was reviewing its holdings of euro sovereign bonds.
Correcting number for new jobless claims in second paragraph
The euro rebounded on Thursday after China reaffirmed its long-term strategy of diversifying currency holdings away from the dollar and denied it was reviewing its holdings of euro sovereign bonds.
The economy grew at a slower pace than previously estimated in the first quarter as businesses investment slackened, while hard-hit state and local governments curbed spending at the steepest rate since 1981, a government report showed on Thursday.
Stock index futures pointed to a rise of about 2 percent at the open on Thursday after China denied a report it was reviewing its holdings in euro-zone sovereign bonds due to the region's debt crisis.
Indians gave the biggest boost to gold this week with the demand rising in the country following the onset of wedding season across the country. Breaking all previous records, gold prices zoomed past Rs 18,800 per 10 gm level on Thursday in New Delhi while Mumbai witnessed Rs 18,600 level. This jump in India, which is the biggest consumer of the metal in the world, and the rise in demand have delivered the much needed push to the gold market globally.
Prudential Plc is pushing ahead with its bid for U.S. rival AIG's Asian unit, two sources close to the deal said, rebutting market talk of a derailment which boosted Pru's shares as well as the pound.
U.S. stock index futures pointed to a rise of about 2 percent at the open on Thursday after China denied a report it was reviewing its holdings of euro-zone sovereign bonds due to the region's debt crisis.
The Federal Reserve's James Bullard said on Thursday he did not expect the fiscal crisis in Europe to create problems for the U.S. economy, but said the Fed's vow to keep rates low for a long time could, if misread, create risks.
Stock index futures pointed to a strong rebound on Wall Street on Thursday, with futures for the S&P 500 up 2.5 percent, Dow Jones futures up 2 percent and Nasdaq 100 futures up 1.9 percent at 0930 GMT (5:30 a.m. ET).
A Federal Reserve policymaker warned that the central bank's vow to keep rates unusually low for a long time could, if misread, perpetuate the boom and bust cycle that plunged the United States and the world into recession.
The euro rebounded from near four-year lows against the dollar and European shares rose on Thursday after China denied a report it was reviewing its investments in euro zone debt.
The euro rebounded on Thursday after China reaffirmed its long-term aim of diversifying currency holdings away from the dollar and denied it was reviewing its holdings of euro sovereign bonds.
China remains committed to its long-standing goal of diversifying its foreign exchange reserves, a government official said on Thursday, helping to soothe markets unnerved by a report that the country was reviewing its euro-zone bond holdings.
Treasury Secretary Timothy Geithner takes his appeal for swift European action to calm markets to Germany on Thursday, the key player that stunned markets last week with its ban on some speculative trades.
A Walt Disney Co employee and her boyfriend have been charged with a brazen insider trading scheme in which they said the media conglomerate was in advanced talks to sell its ABC TV network.
Yahoo Inc said it could return to double-digit revenue growth in the next few years, as the Internet pioneer revamps its network of websites to attract users and advertisers in a shifting Internet industry.
