Stock index futures turned sharply higher on Friday following a brief sell-off after data showed U.S. employers cut fewer-than-expected jobs in August even as the unemployment rate hit a 26-year high.
Stock index futures rose on Friday ahead of a report expected to show the smallest number of job losses so far this year in August as the economy advances out of a recession.
Gold steadied near $990 an ounce on Friday, consolidating a potent two-day rally that took the market to within a whisker of $1,000, with inflation concerns and jitters over stock market gains stoking investor interest.
Banco Santander SA, the Brazilian unit of Spain's Santander , filed on Thursday for an initial public offering in Brazil and the United States, in what could become one of the largest IPOs of the year.
Stock index futures rose on Friday ahead of a report expected to show the smallest number of job losses so far this year in August as the economy struggles out of recession.
Gold steadied below $990 an ounce on Friday, consolidating a potent two-day rally that took the market to within a whisker of $1,000, with inflation concerns and jitters over stock market gains stoking investor interest.
U.S. stock index futures pointed to a higher open on Wall Street on Friday, ahead of eagerly-awaited monthly U.S. jobs data and unemployment rate.
Gold hovered a hair below $1,000 an ounce on Friday, consolidating the biggest two-day gain since March after a mix of inflation anxiety, a retreat from risk assets and a technical break stoked renewed investor interest.
Gold hovered just below $1,000 on Friday, taking a break after its strongest two-day performance since March as safe-haven demand stoked renewed investor buying.
California Controller John Chiang's office said on Thursday it had issued the last of its IOUs, which were intended to allow the state government to preserve its dwindling cash during its recent budget crisis.
US TREASURIES pulled back on Thursday. Pressure from covering of recent long positions, announcements of next week's Treasury auctions and an apparent stabilization of equity prices ahead of Friday's reports on US payrolls prompted many with long positions to cover ahead of the long weekend.
The U.S. manufacturing sector's return to expansion should be music to equity investors' ears, but bankers say past experience as well as the circumstances of the current rebound suggest a good deal of caution is warranted.
The two main U.S. regulators policing the securities and futures markets were urged on Thursday to align their rules for ferreting out fraud, protecting investors and punishing wrongdoers.
National Bank of Abu Dhabi plans to price a five-year dollar-denominated benchmark bond later on Thursday after securing commitments in excess of $2 billion, a senior official of the bank said.
Dutch financial group ING has up to five bids for some or all of its for-sale private bank assets, a source familiar with the process said on Thursday, with offers for the full package running close to $2 billion.
China plans new rules to allow foreign companies to set up local units in the form of a locally registered partnership, in a landmark move to attract investment, a draft proposal seen by Reuters showed on Thursday.
U.S. stock index futures pointed to a higher open on Wall Street on Thursday, following a four-day losing streak.
A U.S. federal judge ruled that Morgan Stanley and two credit rating agencies must defend fraud charges in a class-action lawsuit accusing them of masking the risks of an investment linked to subprime mortgages, and which eventually collapsed.
Cerberus Capital Management LP will prohibit investors in two new hedge funds from withdrawing money for three years, the Financial Times said on Wednesday quoting executives from the firm.
U.S. securities regulators missed numerous red flags that may have led to Bernard Madoff's $65 billion Ponzi scheme and never did a thorough and competent probe despite complaints dating to 1992, a federal watchdog has concluded.
U.S. stocks fell on Wednesday as jitters about the economy prompted investors to unload some shares for a fourth-straight day even after a sharp drop in the previous session.
A former Bear Stearns Cos hedge fund manager accused of insider trading urged a federal judge to reject evidence suggesting he improperly tried to use money as collateral to build a condominium and repeatedly ignored conflict-of-interest rules on in-house trades.
