“We have seen increased evidence that a self-sustaining recovery in consumer and business spending may be taking hold,” said Federal Reserve Chairman Ben Bernanke in a testimony to Congress.
Crude output in Libya has fallen to levels significantly below its normal 1.65 million barrels per day (bpd) output, and well below its 1.47 million bpd OPEC production quota in the aftermath of violent anti-government protests, according to a senior energy analyst at IHS Global Insight.
Hong Kong-listed shares of HSBC Holdings Plc fell more than 5 percent on Tuesday, the biggest single-day decline in almost a year after Europe's biggest bank cut its profitability target citing the cost of tougher banking regulations.
Shanghai and Hong Kong look set for a collision course as they seek to attract yuan listings by foreign firms, in a battle where the mainland market may have the upper hand initially.
The BSE Sensex is expected to open higher on Tuesday, tracking firm Asian equities, and after the finance minister said he expects the economy to grow by nearly 9 percent in the next fiscal year.
Chinese shares rose on Tuesday on decent volume suggesting further strength ahead, while markets in Hong Kong struggled to hold gains under pressure from a near 5 percent slide in heavyweight HSBC.
Even with Middle Eastern tumult tearing down governments and pushing up oil prices, China will stay a restrained regional player, reluctant to gamble a growing pile of economic chips for uncertain political gains.
Private equity firm Blackstone Group LP has acquired 588 U.S. shopping mall assets from Australia's debt-laden property group Centro Properties for $9.4 billion in one of the biggest global property deals since the credit crisis.
Silicon Valley venture capitalist Vinod Khosla and Google Ventures have invested $42 million in a start-up run by former Google employees, which helps insure farmers against losses from increasingly volatile global weather.
Allianz Global Investment (AGI), the funds arm of one of Europe's largest insurers, see growth opportunities in China's burgeoning pensions market, where ageing residents are battling to fund their retirements.
The top attorney for the U.S. securities regulator was advised not to recuse himself from handling Bernard Madoff matters for the agency, even though his family's estate had invested with the swindler.
India will quadruple export duty on iron ore fines as it seeks to curb exports, mostly to China, in a budget move announced on Monday that hit domestic producer shares and could push spot prices to new record levels.
Rosneft (ROSN.MM) is set to take on Gazprom (GAZP.MM) when Russia puts the Kovykta gas field on the block on Tuesday as the country's top crude producer aims to muscle in on the gas export monopoly's plans to supply China.
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The United States is taking financial action to block Lybia's leader and his family from using $30 billion-worth of assets in the country.
Bank of America's global head of mergers and acquisitions Jeffrey Kaplan is leaving the bank to join hedge fund Appaloosa Management and will be replaced by Steven Baronoff who chairs that business, according to a memo obtained by Reuters on Monday.
Michael Lewis, best-selling author of The Big Short about the mortgage meltdown, has been sued for defamation by an asset manager featured in the book.
Investors are bracing for a big sell-off when Egypt's stock exchange opens on Tuesday after a month-long shutdown caused by the mass uprising that toppled the country's president.
SocialEyes, a new venture is using Facebook to get into the video chat game.
Despite the fact that volatility has increased since the start of the Egyptian crisis on January 25th, true risk aversion seems to have been well contained.
Homeownership as an investment is no longer the rock-solid foundation for the American Dream it once was, according to a survey released on Monday by the firm the government created in the 1930s to promote homeownership.