Days after the Vietnam government announced the closure of some 20 gold exchanges operating in the country, investors have abandoned the gold trading floors and turnover in the bourses has plunged. Early this month, Vietnam's central bank-the State of Bank of Vietnam-asked all the gold exchanges to shut shop by March 31. Vietnam has around 20 gold trading floors where investors could deposit a small fund and then trade 14 times the value of their initial investment.
Stock index futures dropped on Tuesday after Alcoa posted worse-than-expected results and Chevron warned that its income would be sharply lower in a disappointing to start to earnings season.
U.S. stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.5 percent, Dow Jones futures down 0.5 percent and Nasdaq 100 futures down 0.6 percent.
A Manhattan federal judge on Monday rejected the U.S. Securities and Exchange Commission's effort to expand its lawsuit accusing Bank of America Corp of misleading shareholders over bonuses paid by Merrill Lynch & Co.
A Manhattan federal judge on Monday rejected the U.S. Securities and Exchange Commission's effort to expand its lawsuit accusing Bank of America Corp of misleading shareholders over bonuses paid by Merrill Lynch & Co.
The U.S. Securities and Exchange Commission is seeking to charge Bank of America with failing to disclose extraordinary financial losses at Merrill Lynch prior to a shareholder vote on the merger between the two companies.
Star bond fund manager Jeffrey Gundlach fired back at his former employer, Trust Company of the West, on Monday, saying the firm had smeared him in a lawsuit it filed last week.
Star bond fund manager Jeffrey Gundlach on Monday fired back at his former employer, Trust Company of the West, saying the firm had smeared him in a lawsuit it filed last week.
The White House and New York's top prosecutor attacked excessive Wall Street bonuses, as the nation's biggest banks prepare to hand out awards critics say were made possible by taxpayer bailouts.
New York's attorney general asked eight major U.S. banks to turn over data on planned bonuses for 2009, amid a growing public outcry over payouts in light of the industry's role in the near-collapse of the financial system and recession.
Controversial Wall Street bonuses will be in focus on Monday as New York Attorney General Andrew Cuomo plans a midday announcement on the payouts.
Stock index futures rose on Monday as China's stronger trade figures stoked optimism in the global recovery and as investors anticipated a profitable earnings report from Alcoa Inc .
Saudi billionaire Prince Alwaleed bin Talal, head of Kingdom Holding and shareholder in Citigroup , said the U.S. bank had put the worst behind it and was now on the right path.
Stock index futures rose on Monday after China's strong import figures stoked optimism about world economic recovery as investors awaited earnings from Alcoa Inc , which traditionally marks the kickoff of the U.S. quarterly earnings season.
U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.52 percent, Dow Jones futures up 0.49 percent and Nasdaq 100 futures up 0.45 percent at 4.15 a.m. EST.
Chinese property developer Shanghai Forte Land Co Ltd is in talks to buy a high-end residential property in Shanghai from Goldman Sachs in a deal worth more than $200 million, two people familiar with the situation said.
Goldman Sachs Group Inc may expand a program that would require executives to give a part of their pay to charity, as it looks to cool public anger over compensation, the New York Times reported on Sunday.
Eleven Chinese brokerages including Citic Securities Co and Haitong Securities Co will vie to be included in a pilot program for margin trading and short selling following a nationwide test run in 2008, the China Securities Journal reported on Monday, citing an unidentified regulator.
Delta Air Lines and American Airlines will not be invited to invest in Japan Airlines until after a new management has been put in place, if ever, a person familiar with the matter said.
Part-nationalised Royal Bank of Scotland has started the sale process for over 300 of its British branches, people familiar with the matter said on Sunday.
The recent spike in U.S. bond yields, coinciding with a rally in the dollar against the yen, is flagging a return to the yen to fund carry trades -- the risky strategy of using a low-yielding currency to purchase assets in higher-yielding currencies in the search for better returns.
The chief whistleblower in the UBS AG tax secrecy probe entered prison to serve a sentence he considered unfair, hours after a Swiss court ruled the bank should not have been forced to turn over client files to government investigators.
