The Securities and Exchange Commission held urgent discussions on Friday to calm investors' raw nerves a day after a plunge of nearly 1,000 points in the Dow Jones industrial average, during which some stocks lost more than 60 percent of their value.
Switzerland's economy minister said on Friday she believed parliament would back a crucial deal to pass on data of U.S. clients of UBS to U.S. tax authorities.
American International Group Inc posted a first-quarter profit, reversing a year-earlier loss, as the bailed-out insurer's investment portfolio gained in value.
U.S. stocks index futures rose in volatile trade on Friday, pointing to a higher open after a steep fall in the previous session, as data showed the economy added jobs at the fastest pace in four years.
General Growth Properties Inc is expected to ask a bankruptcy court on Friday to approve an investment led by Brookfield Asset Management Inc , after reducing a related warrants package by 14 percent, a source familiar with the situation said.
Stocks worldwide plunged as fears about Greece's debt crisis went global, with investors seeing it as an omen of turmoil in other European economies and governments struggling to calm markets.
U.S. stock index futures pared gains on Friday ahead of the U.S. government's April payrolls report, as nervous investors braced for volatility in the markets following Thursday's dramatic intraday bounce in shares.
Stock exchange operator Nasdaq OMX Group Inc issued the names of hundreds of stocks for which it is canceling trades following Thursday's sudden stock market plunge.
U.S. stock index futures rose on Friday, with shares set to rebound after a steep fall in the previous session and ahead of a report expected to show the U.S. economy added more jobs last month.
U.S. stock index futures rose on Friday, with shares set to rebound after a steep fall in the previous session and ahead of a report expected to show the U.S. economy added more jobs last month.
Goldman Sachs Group Inc's lawyers are in talks with representatives of the U.S. Securities and Exchange Commission to settle the fraud charges brought against it by the regulator, the Wall Street Journal said, citing people familiar with the situation.
U.S. stock futures rose on Friday, as equities were set to rebound after a steep fall in the previous session and ahead of a key payrolls report.
Royal Bank of Scotland beat expectations with a return to profit in the first quarter as bad debts continued to shrink, even as investment banking earnings more than halved from its strong start to last year.
U.S. stock futures pointed to a stronger start for Wall Street on Friday, with equities set to rebound after falling sharply in the previous session.
European stocks are primed for a pummeling on Friday, following ravaged U.S. and Asian shares, as Europe's debt crisis sent waves of dread through global markets and battered sterling and the euro.
Royal Bank of Scotland beat expectations with a return to profit in the first quarter as bad debts continued to shrink, even as investment banking profits more than halved after a bumper start to last year.
American International Group has replaced Goldman Sachs as its main corporate adviser with Citigroup and Bank of America Corp , the New York Times said, citing three people with knowledge of the matter.
Tokyo Commodity Exchange Inc reopened the gas oil futures market and resumed trading today at 9:00 JST. TOCOM listed the gas oil futures contract in September 2003 but suspended it in February 2006. TOCOM resumed the gas oil futures contract today after trading had been suspended since 2006. We had requested that the exchange restarts the contract in light of the highly volatile situation of the international oil industry as well as the oil distribution market in recent years, commented Akihik...
China's GDP growth will slow down from 11.9% in Q1 to 9% in Q4.Lower productivity growth, adverse demographics and lower returns to capital will reduce future potential GDP growth in China to around 9%. The peak is already evidenced in the data:
Industrial production has turned and the growth in power, coal, cement, steel and auto production has slowed down. The circulation of money and credit, a major driver of commodity demand, could slow the economy down further, a Bank of America-Merrill Ly...
Global oil prices remained highly volatile in Asian trade Friday as the euro strengthened against the dollar. Light sweet crude for June delivery was seen trading at $77.61 a barrel at 12.00 noon Singapore time while Brent crude was at $79.95 a barrel at the same time in London. Commodities priced in dollars, such as oil, become more expensive for investors holding euros as the U.S. currency strengthens.
Gold prices eased in Asian trade Friday, after an overnight surge, as investors turned to profit booking. Gold for immediate delivery was seen trading at $ 1206.71 an ounce at 12.00 noon Singapore time while US gold futures for June delivery was at $1,200.40at the same time.
Asian stocks were hammered on Friday as mounting fears over Europe's debt crisis sparked a global market rout that sent safe-haven assets soaring and clobbered sterling.
U.S. nonfarm payrolls likely grew for a second month in April as the government's census hiring picked up and private employment rose modestly, signs a gradual labor market recovery is building.
Nonfarm payrolls likely grew for a second month in April as the government's census hiring picked up and private employment rose modestly, signs a gradual labor market recovery is building.
Stocks plunged 9 percent in the last two hours of trading on Thursday before clawing back some of the losses as a suspected trading glitch and fears of a new credit crunch in Europe threw markets into disarray.
Initial public offerings around the world are being canceled as fear over Greece's deepening debt crisis and a sudden drop in U.S. stocks on Thursday rattled markets.
A spine-chilling slide of nearly 1,000 points in the Dow Jones Industrial Average, its biggest intraday points drop ever, led to heightened calls for a crackdown on computer-driven high-frequency trading.
A spine-chilling slide of nearly 1,000 points in the Dow Jones Industrial Average, its biggest intraday points drop ever, led to heightened calls for a crackdown on computer-driven high-frequency trading.
The top communications regulator sought to calm fears his agency would heavily regulate Internet services, but shares in major cable companies fell and industry insiders predicted a prolonged legal battle.
Thursday's sharp sell-off in U.S. stocks was sparked by nothing more than too many traders betting on energy, equity and metals markets going higher that then popped in a cascade of stop-loss selling, a hedge fund manager said.
