Gold prices edges up in Asian trade Tuesday but remained highly volatile as investors ditched the euro on fears the euro zone debt crisis would spread beyond Greece. Gold for immediate delivery was seen trading at $1202.01 an ounce at 11.30 a.m Singapore time while U.S. gold futures for June delivery was at $1,201.7 an ounce.
The U.S. Treasury has managed to negotiate prices for warrants from bailed out banks at prices largely at or above estimated values, but it needs better controls over its bargaining process, a government watchdog said on Tuesday.
Fannie Mae, the largest U.S. residential mortgage funds provider, on Monday asked the government for an additional $8.4 billion after the company lost $13.1 billion in the first quarter.
Excitement over the euro zone's mammoth $1 trillion rescue package gave way on Tuesday to doubts whether its weakest economies can meet their end of the bargain and deliver drastic debt cuts, driving the euro and stocks lower.
A massive relief rally in world stocks on news of a $1 trillion deal to resolve Europe's debt crisis slowed down on Tuesday in Asia on nagging doubts about how Greece and other debt-laden euro zone countries will reduce their budget deficits.
Fidelity Investments, the giant mutual fund firm, has shuffled top management, expanding the duties of Abigail Johnson, the daughter of its chief executive, and hiring a top Bank of New York Mellon Corp executive to run its asset-management business.
Global equity markets staged a massive relief rally on Monday after officials agreed to a $1 trillion emergency rescue package to halt a festering sovereign debt crisis in Europe from engulfing the rest of the world.
The AUD is fairly unchanged from yesterday's close to be currently trading around USD0.9030 despite the huge gains posted in the offshore equity markets.
The Australian Dollar opens at 0.8970 today after another turbulent 24 hours.
Stocks racked up their biggest one-day gain in over a year on Monday as an agreement on a $1 trillion emergency rescue package from the EU quelled fears a new credit crisis would derail European economies.
A $1 trillion emergency package to stabilize the euro zone unleashed a spectacular rally in world stocks on Monday but the euro wiped out initial gains as worries about the region's debt problems persisted.
Stocks racked up their best one-day gain in over a year on Monday as an agreement on a $1 trillion emergency rescue package from the EU quelled fears a new credit crisis would derail European economies.
Stocks ended sharply higher, racking up their largest daily advance in over a year, on Monday as an agreement on a $1 trillion emergency rescue package from the EU quelled fears that a new credit crisis would derail European economies.
U.S. President Barack Obama and his team have been in close contact with their counterparts abroad on the European debt crisis, the White House said on Monday. The president and his economic team have been following and have been engaged in this situation for quite some time, White House spokesman Robert Gibbs told reporters.
With the International Monetary Fund (IMF) and European Union chipping in to rescue Greece from the financial mess by announcing schemes worth billions of dollars, the biggest beneficiary is metal market.
The United Nations' Food and Agriculture Organization (FAO) has forecasted 4% increase in the global rice output this year with the expected production of 643 million tons of rice in Asian region.
After the US launched its first palladium ETF recently, it is the turn of South Africa now South African stock exchange operator, JSE, will launch a platinum ETF soon. It is also looking to list an Africa ETF in South Africa, with blue-chip companies.
While the oil spill from a sunken drilling rig in the Gulf of Mexico threatens to become an environmental disaster, plans are proceeding for opening up new drilling territories in the iceberg-infested waters off Greenland. The island, an autonomous territory under Danish sovereignty, this week conducted an auction for 14 blocks in Baffin Bay, off the northwest coast of Greenland near Canadian territorial waters. Results will be announced in August.
U.S. stocks surged on Monday as an agreement on a $1 trillion emergency rescue package from the EU quelled fears that a new credit crisis would derail European economies.
The sharp fragmentation of the U.S. stock marketplace -- seen as a cause of last week's mysterious market dive -- is also slowing down regulators' ability to piece together what happened, two sources familiar with the matter said on Monday.
Global equity markets staged a massive relief rally on Monday after officials agreed to a $1 trillion emergency rescue package to avert a festering sovereign debt crisis in Europe from engulfing the rest of the world.
Stocks surged in a broad-based rally on Monday as an agreement on a $1 trillion emergency rescue package quelled fears that Greece's debt crisis would spread.
The U.S. job market strengthened in April for the eighth straight month but at a slower rate, in anticipation of economic activity moderating in coming months, a research group said on Monday.
U.S. stocks surged in a broad-based rally on Monday as an agreement on a $1 trillion emergency rescue package quelled fears that Greece's debt crisis would spread.
Goldman Sachs Group Inc on Monday showed how its trading operations are stronger than ever, but warned that more litigation and investigations loom.
U.S. gold futures dropped 1 percent on Monday as safe-haven buying decreased after a $1 trillion global emergency rescue package eased contagion fears.
Oil major BP Plc said the oil spill in the Gulf of Mexico had cost it $350 million so far, suggesting the final bill could be much higher than many analysts predicted and sending its shares to a six-month low.
Believe it or not, but your resume has probably been screened by a hiring manager at some point. One of the most common ways to screen a resume is through an applicant's address. Technically, hiring managers are not supposed to do this, but it happens more often than not.
Global financial markets surged on Monday after officials agreed to a $1 trillion emergency rescue package to avert a sovereign debt crisis in Europe from festering and engulfing the rest of the world.
U.S. lawmakers on Monday said the Securities and Exchange Commission likely has the authority to deal with reforms after last week's massive market selloff but questioned its expertise, as regulators still hunt for answers.
