INVESTMENT

HP logo is seen outside Hewlett-Packard Belgian headquarters in Diegem

HP Upgraded to 'Buy' at Jefferies

Jefferies has upgraded PC giant Hewlett-Packard Co. (NYSE:HPQ) to "buy" from "hold," saying that the company is expected to deliver higher margins over long-term and is best positioned to benefit from the increasing demand for cloud services.
One kilogram gold bars are seen in this picture illustration

Spot gold reverse early losses on econ worries

Spot gold reversed early losses, putting it back on track for its best week since January 2009 as worries about the euro zone debt crisis and global growth drive investors to safe havens.
More news
One kilogram gold bars are seen in this picture illustration

Gold eases from record high after CME margin hike

Gold eased on Thursday from record highs struck earlier in the session after the CME Group raised margins on COMEX gold futures, but turmoil in the global financial markets and fears of slower growth will buoy sentiment.
June industrial output seen at 5.5 pct

June industrial output seen at 5.5 pct

India's annual industrial output growth probably slipped further in June to 5.5 percent from a nine-month low of 5.6 percent in May, indicating taut monetary policy and soaring inflation were hindering growth momentum, the median forecast in a Reuters poll showed.
China urged to speed diversifying FX reserves -report

China urged to speed diversifying FX reserves -report

Beijing should move rapidly to diversify its foreign exchange reserves, buying more euro and yen rather than dollar assets, after U.S. debt was downgraded by one rating agency, a paper run by China's central bank cited local banking sources as saying.
Rebecca Esquibel, 30, and Nathan Glidden, 29, and their one-month-old daughter Aliyah at a Bank of America mortgage modification outreach event in Los Angeles

Most Americans say U.S. on wrong track: pol

Economic fears are weighing heavily on Americans, with a large majority saying the United States is on the wrong track and nearly half believing the worst is yet to come, a Reuters/Ipsos poll said on Wednesday.
IBTimes Logo

Signs point to California facing new budget gap

California's latest monthly revenue report shows revenue weaker than expected even before the stock market, a key source of revenue for the state, began sliding in response to Standard & Poor's downgrade of U.S. debt, anxiety about Europe's finances and the risk of the U.S. economy slipping back into recession.
U.S. Federal Reserve Chairman Ben Bernanke

What Did the Federal Reserve Really Say?

In essence, the Federal Reserve has inadvertently and implicitly extended the maturity of the average money market fund from less than 1 year to up to 5 years.
A South African child holds a 50 rand note in a file photo.

S.Africa hit by global turmoil, bond yields driven down

Gloomy comments from South Africa's central bank on the impact of global financial turmoil on the country's capital formation, key to growth, were the backdrop to a fall in bond yields and a volatile day for the rand, which ended down against the dollar.
Employees of the Tokyo Stock Exchange (TSE) work at the bourse in Tokyo

World stocks claw back ground on Fed rates pledge

World shares clawed back more ground on Wednesday as investors rattled by a run of heavy losses took comfort from the Federal Reserve's pledge to keep interest rates near zero for two more years.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.