Asian shares and the euro struggled Thursday, as sentiment grew cautious after Greek political leaders failed to conclude a deal for a bailout package crucial to avoiding a messy debt default.
Foreign and U.S. banks warned lawmakers on Wednesday that broad application of U.S. swaps rules could undermine U.S. competitiveness abroad, increase the cost of hedging and even provoke brinkmanship among international regulators.
BP Plc won a court order Wednesday keeping several potentially damaging e-mails out of a scheduled trial to determine responsibility for the 2010 Gulf of Mexico disaster.
U.S. borrowers tacked on $19.6 billion in revolving -- mostly credit card-related -- debt in December, according to preliminary data from the Federal Reserve. Non-revolving credit was also up. Borrowing grew across all categories -- be it charges on commercial credit cards, student promissory notes, auto loans of fixed-term mortgages.
Money market accounts could soon be joining "free checking" in the dustbin of retail banking history. That's what various portfolio managers who make up a large chunk of the industry are saying could happen if certain regulatory provisions being discussed in Washington are enacted.
Surging capital inflows, booming stock markets and a fast-appreciating currency suggest the India story is again shining after a dismal 2011.
The top aftermarket NYSE gainers Friday were: K-V Pharmaceutical, 3D Systems, General Growth Properties, Toll Brothers and Post Holdings. The top aftermarket NYSE losers: Jones Group, Royal Caribbean Cruises, HCA Holdings, Goodrich Petroleum Corp and Edwards Lifesciences Corp.
Asian shares rose Monday as surprisingly robust U.S. jobs data bolstered investor risk appetite, overshadowing worries about a lack of progress in Greek debt restructuring talks that are vital to containing the euro zone debt crisis.
With worries growing over computer hacking, data theft and the risk of digital attacks destroying essential systems, western states and their allies are co-operating closer than ever on cyber security.
When the New York Giants and New England Patriots battle in Super Bowl XLVI on Sunday, they'll be playing in a stadium that was largely financed by taxpayers. Some critics dispute the positive economic benefits of stadiums, which have received around $20 billion in subsidies in the last two decades.
Asian shares and the euro fell on Friday as debt restructuring talks between Greece and its creditors dragged on, undermining sentiment, and investors sat tight ahead of U.S. jobs data that will offer more clues on the health of the world's top economy.
Asian shares and the euro fell Friday as caution set in ahead of key U.S. jobs data, which will offer more clues over the state of the world's largest economy, while Greek debt restructuring talks dragged on and undermined sentiment.
Asian shares and major currencies were stuck in ranges Friday ahead of key U.S. jobs data, which will offer more clues over the state of the world's largest economy, while Greek debt restructuring talks dragged on.
Facebook filed for an initial public offering with the U.S. Securities and Exchange Commission Wednesday, for the first time doing a public financial strip tease.
China Telecom subsidiary Beijing Telecom announced in a local news release and as reported by various media outlets that the CDMA version of Apple Inc.'s iPhone 4S would likely become available in late February or early March.
Facebook unveiled plans for the biggest ever Internet IPO that could raise as much as $10 billion, but made it clear CEO Mark Zuckerberg will exercise almost complete control over the company, leaving investors with little say.
Many analysts remain bullish on gold and expect it to continue to rally in 2012.
Europe's biggest oil company, Royal Dutch Shell is expected to take a hit in its refining and marketing earnings, but could follow the likes of ExxonMobil in posting profit that at least matches analyst expectations thanks to high oil prices.
Amazon.com Inc's shares slid 12 percent in early trade on fears that heavy spending would hurt the retailer's profits even as revenue growth falls short of Wall Street expectations.
Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR.
Facebook Inc. will list a preliminary fund-raising goal of $5 billion on Wednesday, which is smaller than some earlier estimates of the offering. The public stock offering will probably value the company at $80 billion to $100 billion. But how did simple status updates and random photos of users help create what will likely be the biggest tech IPO in till date? Let's try to find out here...
Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR.
