Warren Buffett may be the world's most famous investor, but even he doesn't get everything right.
The U.S. economy expanded at a 3.2 percent annual rate in the first quarter as consumers stepped up spending, suggesting the recovery was growing more durable.
Federal prosecutors in New York have begun investigating Goldman Sachs Group Inc, raising the possibility of criminal charges against the company or its employees, a source familiar with the situation said on Thursday.
U.S. stock index futures pointed to a flat open on Friday as worries over debt-laden Greece eased and the economy grew in the first quarter but at slightly slower-than-expected pace.
Famed investor Warren Buffett will address the allegations facing Goldman Sachs Group Inc at his Berkshire Hathaway Inc holding company's annual meeting on Saturday, according to the Wall Street Journal.
Barclays Plc's investment bank results failed to match the lofty growth shown by many rivals, knocking its shares and taking the shine off a 47 pct rise in group quarterly pretax profit.
German financial and industrial firms will contribute to a multi-billion euro bailout for Greece, a senior banking source said, as talks to secure the aid in return for tough Greek budget cuts edged toward a deal.
U.S. stock index futures were slightly higher on Friday ahead of the advance reading of first-quarter gross domestic product and as investors awaited a deal to bail out debt-ridden Greece.
U.S. stock index futures were slightly higher on Friday ahead of the advance reading of first-quarter gross domestic product and investors awaited a deal to bail out Greece.
A dynamic model was used to make coffee projections. It covers the major exporting and importing countries of green coffee. Supply, demand and stock functions were estimated for each of the major exporting and importing countries. The model performs dynamic simulation forward in time and generates forecasts on the basis of assumptions for the future behaviour of GDP, consumer price indices and exchange rates.
U.S. stock index futures pointed to a higher open on Wall Street on Friday, as sovereign debt worries in the euro-zone soothed, while investors awaited the advance reading of first-quarter gross domestic product.
Global equities rose and the euro held on to gains on Friday as Greece readied new austerity measures to secure a multi-billion-euro aid package that could be announced in coming days.
Better known as a hub for diamond and textile industries, Surat will soon have additional feature to its fame as the city-based entrepreneurs are now exploring business opportunity in more natural and high-end fabric material - Linen.
The massive oil spill in the Gulf of Mexico, leaking from a ruptured well moved closer to the mouth of the Mississippi River. Analysts said the oil spill that threatened to eclipse even the Exxon Valdez disaster spread out of control with a faint sheen washing ashore along the Gulf Coast.
Global oil prices extended gains in Asian trade Friday mainly on encouraging reports of resurgence in global economy. Light sweet crude for June delivery was seen trading at $85.61 a barrel at 11.30 a.m Singapore time while Brent crude was at $87.12 a barrel at the same time in London.
Gold advanced further in Asian trade Friday after the euro gained on hopes of a quick Greek rescue package spurred investors to cover short positions. Gold for immediate delivery was seen trading at $ 1172.98 an ounce at 11.30 a.m Singapore time while gold futures for June delivery was at $1,173.40 an ounce at the COMEX division of the NYMEX.
World's largest gold producer is also set to take India's centuries-old gold crown as the world's top gold consumer. After knocking South Africa out of first place as the world's largest gold producer in 2007, it now appears China will overtake India as the world's leading gold consumer when industry figures are released in mid-February.
Stocks rose on Friday and the euro steadied on hopes that a fractious European Union will agree on a bailout package for Greece within days as it struggles to keep the debt crisis from spreading to other weak countries. Shares were also buoyed by strong earnings reports from major U.S. companies, which pushed up Wall Street stocks and bolstered hopes that the world's largest economy was picking u...
Stocks rose on Friday and the euro steadied on hopes that a fractious European Union will agree on a bailout package for Greece within days as it struggles to keep the debt crisis from spreading to other weak countries.
U.S. economic growth probably slowed in the first quarter, data is expected to show on Friday, but resurgent consumer spending should offer evidence of a sustainable recovery.
It would be feasible for China to launch a property tax in the near term because economic growth is sufficiently strong, a senior researcher with the Ministry of Finance said in remarks published on Friday.
U.S. federal prosecutors are conducting a criminal probe into whether Goldman Sachs Group Inc or its employees committed securities fraud in connection with its mortgage trading, the Wall Street Journal reported on its website on Thursday.
Australia: Overnight we saw risk appetite return to the markets after some positive earning results, positive data releases and reports that the bailout agreement for Greece is very close.
Reinsurer PartnerRe Ltd said estimated insured losses from the explosion of the Deepwater Horizon Drilling Platform in the Gulf of Mexico have the potential to exceed $1 billion.
Language software maker Rosetta Stone Inc's trademark infringement lawsuit against Google Inc has been dismissed by a federal judge.
Australian Dollar: The Aussie spent the last 24 hours trading above US92 cents and is supported by our yield advantage after the U.S. Federal Reserve kept interest rates unchanged this week and maintained their oft-repeated mantra to leave interest rates at exceptionally low levels for an extended period of time.
The U.S. wireless industry is pressing a key senator to clear the way for a government study that could accelerate plans to free up airwaves for devices such as smart phones.
JPMorgan Chase & Co will no longer offer independent U.S. tax preparers financing for tax-refund loans, a company spokesman said.
Six more hedge funds joined a lawsuit against Porsche SE over alleged securities fraud and manipulation on Thursday, with the plaintiffs doubling the damages they are seeking to $2 billion.
President Barack Obama on Thursday nominated Janet Yellen, the president of the San Francisco Federal Reserve Bank and a renowned monetary policy dove, to be vice chairman of the U.S. central bank.
