Asian Shares Dip After Greek Coalition Deal
Asian shares struggled and credit markets weakened Monday, with investors still nervous despite the agreement on formation of a new Greek unity government intent on avoiding imminent debt default.
Gold Rises 1% amid Jitters on Greece and Italy
Gold prices gained nearly 1 percent on Monday after Greece's politicians sealed a deal to form a coalition government, while continued uncertainty about resolving the zone's debt crisis supported safe-haven demand in bullion.
G-20 Identifies 29 Major Banks Requiring More Capital, Closer Supervision
World leaders on Friday identified 29 banks deemed so important to the global financial system that they require more capital and closer supervision, as well as a plan that would safeguard taxpayers should they fail.
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Dollar Pressures Gold, but Euro Rise Helps Gold Pare Losses
Gold traded lower on Tuesday, under pressure from a stronger dollar, but a surprisingly weak read of U.S. factory activity enabled the euro to claw back some gains, thereby helping the bullion price pare earlier losses.
Gold Falls 0.8%, Silver Down 4.7%
Gold prices fell sharply Tuesday but regained much of the lost ground to close down 0.8 percent on reports that retail investors are increasing their exposure to gold-back exchange-traded products.
Pfizer Earnings Top Expectations on Lipitor Strength, Gains from Capsugel Sale
Pfizer Inc., the world's largest drug maker, reported third-quarter profit that topped analysts' expectations based on U.S. growth of their cholesterol block-buster drug Lipitor, favorable foreign exchange rates and increases in overseas sales.
Barclays Kenya reaps from cost cuts, prudent lending
Barclays Bank of Kenya said on Tuesday its pretax profit increased 26 percent to 8.87 billion shillings in the nine months ended September, driven higher by the benefits of cost-cutting and sharply reduced bad loan provisions.
Banks Lead European Shares Lower
Banks led European shares lower on Monday, giving up some of last week's hefty gains as demand for detail on the recent euro zone debt deal teed up a weak end to a bumper month, with the broader market on course to snap a five-month losing streak.
European Shares Lower but October to be a Strong Month
Banks led European shares lower on Monday, giving up some of last week's hefty gains as demand for detail on the recent euro zone debt deal teed up a weak end to a bumper month, with the broader market on course to snap a five-month losing streak.
JP Morgan Gets Seat on Shanghai Gold Exchange
The China unit of investment bank JP Morgan has won approval to become a trading member of the Shanghai Gold Exchange, the eighth foreign financial institute to obtain such membership, said the exchange on its Web stie (www.sge.com.cn).
Top After Market NYSE Movers (MSO, NBR, CP, DDD, CRI, FSL, BORN, MR, SWFT, JLL)
The top after market NYSE gainers on Friday were: Martha Stewart Living Omnimedia, Nabors Industries, Canadian Pacific Railway, 3D Systems and Carter's, Inc. The top after market NYSE Losers were: Freescale Semiconductor, China New Borun, Mindray Medical International, Swift Transportation and Jones Lang LaSalle.
MF Global Seeks Sale, All Options on Table: Source
MF Global Holdings Ltd was in talks on Sunday with possible buyers with the aim squarely on doing a deal, though all options were on the table, a person briefed on the matter said.
MF Global Aims to Arrange Sale Over This Weekend: Source
MF Global Holdings Ltd. is racing to sell all or part of its business this weekend, with its futures brokerage business seen as the most attractive, a source familiar with the situation said Friday.
GDP Growth: A Closer Look at How the U.S. Economy Did in Q3
A look past the upbeat headlines from this week's third-quarter gross domestic product report points to a more tentative diagnosis of the U.S. economy than initial responses indicated.
European Shares Stay Upbeat on EU Deal Euphoria
European shares extended the previous session's rally Friday, with investors still buoyant over a deal struck by euro zone leaders early Thursday to help end the bloc's two-year-old debt crisis.
Amazon's Bezos Stares Down Wall Street Again
Amazon.com Inc Chief Executive Jeff Bezos is thumbing his nose at Wall Street again and some investors don't like it.
French Automaker Peugeot Warns of 6,000 Job Cuts
The company blamed the revenue drop-off to a sharp contraction in European demand.
Canon Results Indicate Weak Printer Orders from HP
Canon Inc. (NYSE: CAJ) reported a 14.2 percent increase in third quarter earnings, due to ongoing cost cutting measures. Because of historically strong yen and lower production activities, the company lowered its full year 2011 outlook.
The weather headache for PGA Tour organizers
Hurricanes, earthquakes, lightning, slow play, burrowing moles -- Mark Russell has had to contend with a wide range of obstacles in his role as a tournament director for the PGA Tour.
Kenyan shilling slips vs dollar, stocks edge up
The Kenyan shilling slipped against the dollar on Tuesday, weighed on by offshore banks closing out dollar positions after the central bank issued new trading rules, while stock rose slightly on the back of banks' nine-months earnings.
Strong Field for Singapore Open Despite Australia Clash
Former world number one Ernie Els will be joined by a host of other major winners in next month's Singapore Open which has secured a strong field despite clashing with an Australian event headlined by Tiger Woods.
Is Israel's romance with Nasdaq over?
Israeli technology companies, once the darlings of New York's Nasdaq, have turned their backs on the exchange and are looking for suitors to acquire them.
Is Apple Finally Ready for a TV?
The long-awaited biography, Steve Jobs by Walter Isaacson, was made available Monday. Isaacson briefly mentions that Jobs wanted to create a television with a simple user interface, rescuing consumers from multiple confusing remotes.
Ghana cedi extends gains as miners sell dollars
The Ghana cedi continues to extend gains made late last week and could pursue the upward trend if the central bank and mining sector keep supplying the market with dollars, traders said.
Will Smith or Jay-Z: Is Stake in Sixers or Nets More Worth It?
Rapper and entrepreneur Shawn Carter a.k.a. Jay-Z has invested in part of the New Jersey Nets, and now, actor Will Smith has become part owner of his hometown team: the Philadelphia 76ers.
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