Palash Ghosh

7171-7200 (out of 7238)

Palash has worked as a business journalist for 21 years in New York.

Stocks rebound, ahead of Thanksgiving and Black Friday

Stock rallied broadly on some encouraging number from the labor market, shrugging off worrying geopolitical developments in Asia and some dour housing data, ahead of the Thanksgiving holiday and Black Friday, which will kick off the Christmas shopping season.

Stocks sink on Korean geopolitical tensions, euro zone dent worries

Stocks tumbled on heightened geopolitical tensions in Korea and rising fears about the spread of euro zone debt crisis. Minutes from the last FOMC meeting which revealed disagreements among policymakers over the efficacy of the second round of quantitative easing did not help market sentiment either.

FOMC minutes indicate divisions over stimulus plan

According to minutes from the most recent Federal Open Market Committee (FOMC) meetings, policymakers argued over the merits of introducing a $600-billion long-term bond purchase program, but passed the measure anyway.

A lithium ETF: A new type of commodity investment

Given the explosive expansion of electronic gadgets in recent years, the demand for lithium has surged. Now, with the imminent development of more electric and hybrid vehicles (whose batteries will increasingly use lithium), demand for this obscure metal could skyrocket.

EU/IMF pressuring Greece to accelerate economic reforms

Greece's international lenders have agreed to provide the debt-ridden country with the third installment of a loan – valued at 9-billion euros -- but warned that the Greeks must make an extra effort to address its deficit next year.

Mexico's recovery slows down

Mexico’s economy expanded by 5.3 percent on an annualized basis, significantly below the 7.6 percent growth recorded in the second quarter, the country’s INEGI statistical office INEGI showed on M

Despite the hype surrounding GM, Ford is the better buy: Analyst

Despite the hugely successful initial public offering General Motors (NYSE: GM) underwent last week, the company still has numerous questions surrounding it, particularly its huge pension liabilities. As such, David Silver, an equity research analyst at Wall Street Strategies in New York, believes that Ford Motor Co. (NYSE: F) is the better auto company and more attractive stock right now.

Irish banks hammered in early U.S. trading

Despite signs that the government of Ireland will receive a huge bailout package from the European Union (EU) and International Monetary Fund (IMF), Irish banks that trade in the U.S. as ADRs are getting hammered this morning in early trading.

One million jobless women in the U.K.

While the unemployment rate in the U.K. appears to be stabilizing, the jobless rate for British women keeps rising – to the point that more than one million females are now without work.

Extension/Repeal of Bush tax cuts coming down to the wire

The saga surrounding the extension (or repeal) of George W. Bush’s tax cuts seems to be changing daily, almost hourly. It’s a highly complex and contentious issue that will (perhaps unfortunately) be decided solely by politics.

Stocks finish wild week with a modest gain

U.S. stocks finish a volatile week with modest gains on Friday, finishing flat for the week as a whole. In the absence of major economic data in the U.S., investors focused on moves by China to rein in their inflation, while Ireland continues to negotiate a bailout arrangement from the European Union and International Monetary Fund (IMF).

Turkmenistan offers to supply gas to EU nations

The Central Asian nation of Turkmenistan has promised to supply natural gas for the proposed Nabucco pipeline -- a project that could allow European Union (EU) countries to rely less on Russian energy in the future.

Stocks soar on GM offering, Irish bailout hopes

Stocks surged, buoyed by the successful huge initial public offering of General Motors (NYSE: GM), reports that the Republic of Ireland will receive a bailout to solve its troubled banking system and better-than-expected manufacturing activity data.

Two million may lose unemployment benefits at year-end

Two million long-term unemployed – those who have been seeking work for six months or longer – will lose their unemployment insurance benefits before the end of this year if Congress fails to act to maintain extended benefits.

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