A weakening dollar and robust Chinese economic data sharpened investor appetite for risk on Friday, sending world stocks to fresh 11-month highs.
Asian shares rose on Friday, buoyed by strong Chinese economic data which also boosted commodity prices and sent the dollar to its lowest in a year against a basket of currencies.
Asian shares edged up on Friday as strong Chinese economic data supported regional recovery hopes, but Japanese exporters were hurt by a stronger yen as the dollar fell to its lowest in a year against a basket of currencies.
Morgan Stanley Chief Executive John Mack is stepping down and will be replaced by retail brokerage head James Gorman, signaling the storied bank is embracing stable businesses after losing big on risky ones.
Home Retail Group, Britain's biggest household goods retailer, on Thursday posted better-than-expected second-quarter sales at both its Argos and Homebase businesses.
Metallurgical Corp of China Ltd plans to raise as much as $5.3 billion in its initial public offering (IPO) in Shanghai and Hong Kong, making the biggest IPO in 18 months in Hong Kong and the second biggest IPO on the Chinese mainland this year.
Lower-priced U.S. retailers posted better-than-expected sales results in August as consumers looked to save money in the key back-to-school season, leaving luxury chains struggling.
Stocks rose slightly on Thursday as investors focused on stronger-than-expected sales by key retailers in August, offsetting weak labor-market data.
Stocks edged higher on Thursday as better than-expected-sales from key retailers in August offset continued weakness in the labor market.
Stock index futures pointed to a higher open on Thursday, with Wall Street set to snap a four-day losing streak as retailers posted better-than-expected August sales that helped offset more disappointing news from the labor market.
U.S. stock index futures pointed to a higher open on Wall Street on Thursday, following a four-day losing streak.
British technology firm IQE Plc forecast a significant growth in sales during the second half and beyond with trading returning to pre-recession levels, but its shares fell 11 percent as investors booked profits.
Clinics in drug stores provide care for minor ailments on par with, or better than, other medical facilities at significantly lower costs, according to a study released on Monday.
CHICAGO - Clinics in drug stores provide care for minor ailments on par with, or better than, other medical facilities at significantly lower costs, according to a study released on Monday.
Problem U.S. banks and thrifts on an official watchlist rose more than a third to 416 in the second quarter of 2009, as bad loans continued to bite, but regulators saw signs of stabilization in the industry.
Problem U.S. banks and thrifts on an official watchlist rose more than a third to 416 in the second quarter of 2009, as bad loans continued to bite, but regulators saw signs of stabilization in the industry.
Royal Bank of Scotland's talks to sell some of its Asian assets to Standard Chartered remain in full swing, sources familiar with the matter said on Tuesday after a report they were on the rocks.
Prices of U.S. office, retail and apartment buildings fell 1 percent in June, easing from steep slides in the previous two months, according to the Moody's/REAL Commercial Property Price Index released on Wednesday.
Sony confirmed on Tuesday that it will be dropping the price on its PlayStation 3 console.
Stocks rose on Tuesday, rebounding from a sharp fall in global equities in the previous session as better-than-expected results from big retailers offset a surprise drop in housing starts.
Asian stocks and the Australian dollar edged higher on Tuesday but shares in Shanghai were highly volatile, keeping nerves frayed about whether another bout of profit taking would hit global markets.
The U.S. Federal Reserve said on Monday it will extend to mid-2010 an emergency program aimed at boosting lending in the ailing commercial real estate market.
