BNP PARIBAS

Geithner to discuss leveraging EU bailout fund

U.S. Treasury Secretary Timothy Geithner speaks at the Clinton Global Initiative in Chicago
Treasury Secretary Timothy Geithner will discuss with European finance ministers the possibility of leveraging the euro zone's bailout fund to make it more effective in fighting the debt crisis.
Gold bar

Gold Off As Politicians Vow to Keep Greece in Euro Zone

Gold prices slipped below $1,800 an ounce on Thursday as stock markets extended gains, with assurances from Germany and France about keeping Greece in the euro bloc boosting appetite for assets seen as higher risk at the precious metal's expense.
More news
IBTimes Logo

European Shares Hit Fresh Two-Year Low on Debt Fears

European shares fell again Tuesday morning, hitting a fresh two-year low for the second straight session as investors worried policymakers had no plan to stem the euro zone debt crisis, which could see Greece default.
IBTimes Logo

European Stock Decline Slows After Wall Street Resistance

European stocks were down 2 percent in late trade on Monday, with French banking shares hit by mounting fears over their exposure to debt-stricken countries, but the lack of a sell-off at the open on Wall Street helped the market trim losses.
IBTimes Logo

Greek Default Jitters Hammer French Banks, Euro

Growing fears of a Greek default sent a hurricane through heavily exposed French banks on Monday and hit the euro as investor confidence in the European currency area's ability to surmount a sovereign debt crisis ebbed.
IBTimes Logo

European Markets Continue Slide

European shares kept falling Friday, with investors disappointed on U.S. stimulus measures, and banks lower after Goldman Sachs downgraded target prices across the sector.
IBTimes Logo

China shares down, HK set for worst month since 2008 crisis

Hong Kong shares are poised to post the worst month since the 2008 financial crisis despite a third session of slim gains on Wednesday on the back of oil counters, but thin overall turnover continued to point to a lack of conviction in the rally.
IBTimes Logo

CCB shares up after BofA cuts stake; Temasek buy

Hong Kong-listed shares of China Construction Bank Corp rose more than 4 percent on Tuesday after Bank of America Corp said it will sell about half of its 10 percent stake in the Chinese lender, providing relief to investors by removing uncertainty surrounding the stake.
IBTimes Logo

Analysis: 'Safe Haven' Assets Start to Look Risky

This year's heady bout of risk aversion on financial markets has ratcheted up demand for gold, U.S. Treasuries and the Swiss franc to levels that suggest they may no longer be the safe havens they are claimed to be.
Hurricane Irene Tracking Map

Hurricane Irene New Jersey: Refineries Could Close Boosting Gas Prices [MAPS]

Hurricane Irene could end up closing refineries on the East Coast, which are concentrated in New Jersey and Pennsylvania, in anticipation for the storm's arrival, analysts say. Irene has been putting a beating down on the Bahamas for about two days. Structural damages, blocked roads and power outages have been reported in the southeastern islands.
A man takes a picture of a stock index board with his mobile phone outside a brokerage in Tokyo

Asian Markets Dip after Japan Downgrade

Asian shares fell Wednesday as a rally fueled by speculation that the Federal Reserve may further shore up the struggling U.S. economy swiftly petered out, while gold rebounded from its sharpest one-day slide in 18 months.
A motorist pumps fuel into his vehicle at JJ's Express Gas Plus station in Phoenix gas station in Phoenix

Oil Price Outlook sours, Citi Sees 20 pct Fall

Several major banks cut sharply their oil price forecasts on Tuesday, with Citigroup saying that even if the United States printed more money, oil would stay depressed by weak economic growth and fresh supplies from Libya.
People wait to cross a street as cars pass by in Tokyo

Asian Shares Rise on Hopes of More Fed Support

Asian shares rose on Wednesday as speculation the Federal Reserve may signal further moves to support the struggling U.S. economy sustained a modest rebound from this month's sharp sell-off.
Workers at Amphenol factory weave intricate cables for western brands in China's Guangzhou

China Factory Output Cools in August--HSBC

China's factory sector is likely to slow slightly for a second consecutive month in August as sluggish overseas demand saps new orders, HSBC's China Flash PMI showed on Tuesday.
Workers make shoes, which will be exported to the U.S., at a shoe factory in Xihua county

China Factory Output Cooling in August: HSBC

China's factory sector is likely to slow slightly for a second consecutive month in August as sluggish overseas demand saps new orders, HSBC's China Flash PMI indicated Tuesday.
IBTimes Logo

Why Gold Hit Another Record

Renewed worries about Europe's debt crisis and a raft of weak U.S. economic data hit global markets on Thursday, driving down stocks and oil prices and pushing U.S. bond yields to record lows while pushing gold to a record high.
A trader works at his screens in front of the DAX index board at Frankfurt's stock exchange

Gold at New Highs as Growth Fears Hit Markets

Renewed worries about Europe's debt crisis and a raft of weak U.S. economic data hit global markets on Thursday, driving down stocks and oil prices and pushing U.S. bond yields to record lows while pushing gold to a record high.
A Swiss National Bank logo is pictured on the SNB building in Bern

Asian Stocks Fall, Swiss Franc Holds

Asian stocks fell Thursday on profit-taking by nervous investors, while the Swiss franc stayed firm after plans to curb the currency disappointed those looking for more drastic action.
IBTimes Logo

Short-Selling Ban Spurs Tentative Recovery

European stock markets rallied on Friday as a ban on the short-selling of financial shares tempted investors back into the battered banking sector, although concerns over the health of French banks kept the mood edgy and trading remained volatile.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.