Last week thousands of retirees were suddenly faced by what for many would be the largest financial decision of their lives when both Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) announced they would launch immense pension buyout plans unprecedented in the United States.
Warburg Pincus LLC, a private equity firm based in US, is looking for a $100-$125 million stake in finance firm Future Capital Holdings, sources said to Reuters.
The recent discoveries of gas in the eastern Mediterranean creates a whole new energy paradigm for two nations -- Cyprus and Israel -- which formerly were believed to possess no natural resources at all. Their subsequent alliance has further upset the geopolitical balance in the Near East.
This backdrop of the weakening of the global economy could promote a broad round of coordinated central bank easing.
Enrique Peña Nieto has enjoyed a comfortable lead against his rivals for much of the Mexican presidential campaign season. But recent polling suggests his victory isn't as certain as it has appeared, leaving analysts pondering the future of Petroleos Mexicanos, the country's creaky state-owned oil company, should the candidate's main leftist rival win on July 1.
Following a high-volatility period over that past few days that has seen the political situation in Greece worsen, highly disappointing economic data prints in the U.S. and China and -- most prominently -- a surprise banking crisis in Spain, U.S. Treasuries have been hitting historically low yields on a daily basis. Lawrence Dyer, a New York-based rates strategist for British giant bank HSBC says should soon fall to 1.32 percent or lower.
A third straight month of disappointing job data clearly suggests that the U.S. labor market conditions are deteriorating again, which economists say will undoubtedly prompt more speculation that a third round of quantitative easing by the U.S. Federal Reserve is coming soon.
She urged foreign investors to invest in Myanmar in order to provide jobs for the young and alleviate high rates of poverty.
In an attempt to speed up economic recovery and to fast track investments, the government of India has approved setting up of an investment tracking system.
China Thursday defended its interests in the Asia-Pacific, following US Secretary of Defense Leon Panetta's statement, ahead of his week-long visit to Singapore, Vietnam and India starting this weekend, that the US would increase its military presence in the region.
China's manufacturing activity grew at a slower pace in May compared to the previous month, increasing concerns over a slowdown in the economic growth of the country.
Asian shares eased Friday, with China's factory activity data and a U.S. jobs report due later in the day making investors cautious as the escalating euro zone debt crisis threatened to further undermine growth worldwide.
Antonio Brufau, CEO of Spanish oil company Repsol, renewed his resolve to seek punitive damages from Argentina's government following its seizure of the company's subsidiary YPF -- and his shareholders are with him
With a massive smart grid build-out, Beijing hopes to turn its grid into a competitive advantage.
The value of the monetary unit of China dropped against the world's reserve currency on Tuesday
Marriott International Inc., the largest publicly traded U.S. hotel operator, plans to acquire Gaylord Entertainment Co.?s namesake hotel brand and management company, for $210 million.
No, you haven?t imagined it: trying to find a decent investment in these volatile financial times is like trying to find a diamond amid ashes. With the aforementioned in mind, here are three dividend plays that may not be diamonds, but they're worthy of consideration.
Investors flocked into longer-dated U.S. Treasuries for the second day in a row on Thursday, sending the yield on those products to all-time lows. The movement was one of the clearest signals that money managers took into account the crisis in Europe and some weak U.S. economic data figures and decided against moving into riskier assets.
India's economic growth slumped to its lowest level in nine years in the first three months of 2012, marking a dramatic slide in the fortunes of a country whose economy was boasting nearly double-digit growth before the global recession.
Corroborating the fears of an economic slowdown, India's economic growth slumped to 5.3 percent, a nine-year-low in the fourth quarter ending March 31, according to a Thomson Reuters data. The growth rate was 9.2 percent in the same period a year earlier.
Japan's industrial production gained in April from the previous month but remained below expectation, raising concerns about the country's faltering economic growth momentum.
J.P. Morgan Chase & Co is spinning off the special investments group from its scandal-plagued chief investment office in a bid to overhaul the division that cost the bank more than $2 billion in trading losses this month, the Financial Times reported.