European stocks are dropping on reports that the Greek government will not achieve the deficit targets it needs to receive the next tranche of the bailout from the European Union (EU) and International Monetary Fund (IMF).
Greece's admission that it will miss its deficit targets this year and next despite harsh new austerity measures sent stock markets reeling on Monday and raised new doubts over a planned second international bailout.
By now, news of Apple's invitation to a specifically iPhone-related event, on Tuesday at its Cupertino campus in California is old news. However, it is still unclear whether this event will see the release of the highly-anticipated iPhone5.
Russian precious metals miner Polymetal is seeking a premium listing on the London Stock Exchange, raising about $500 million in a move it hopes will catapult it into the FTSE 100 bluechip index and hand it currency for acquisitions.
Cases of iPhone 5 have reportedly appeared in AT&T’s inventory list which is adding more hopes that the next generation Apple smartphone can be a more radically revamped iPhone 5 instead of the minor iPhone 4S upgrade.
New Zealand suffered its second ratings downgrade within hours on Friday as Standard & Poor's cut the country's rating by one notch because of its growing foreign debt, after rival Fitch Ratings' had taken similar action.
Apple invited the tech press to an iPhone-related event scheduled for Oct.4, with simply the email tag Let's talk iPhone.
China is moving to choke off funding avenues to developers across the country, tightening or eliminating credit options in a bid to slow the rampant property market and bring down prices without sending the broader economy into a crash.
The iPhone 5 will come in the unibody form Apple uses in its Macbooks, an analyst predicts.
A Wall Street analyst is expecting Apple to announce a fully redesigned iPhone 5 that will have a unibody aluminum case, and an iPhone 4S, which is a low-cost version of the current iPhone 4.
Gold prices, which lost 20 percent of their value since early this month, will rise for four reasons, say analysts.
Gold prices recovered from huge overnight losses Monday before paring losses to about 1 percent. Still in the last three days the precious metal has now lost more than 9 percent of its value in its biggest three-day drop since 1983.
Gold prices slumped more than $100 an ounce on Friday, the biggest fall on record in dollar terms, as traders sold to cover losses, while global stocks edged up on expectations the European Central Bank will take new measures to contain the euro zone debt crisis.
World stocks came off 14-month lows on Friday on expectations policymakers would take further action to ease the Eurozone debt crisis, while commodities fell broadly on worries about a global economic slump.
Gold prices fell about 3 percent Friday, setting up the third weekly decline for what has recently been touted as the pre-eminent safe haven.
European shares fell on Friday after a fresh pledge of support from leading global economies to shore up the financial sector failed to placate markets, leaving them on course for a fifth straight month of losses.
European shares were poised to claw their way off 26-month lows on Friday, but Asian stocks slid on fears of renewed recession in the developed world and as a pledge from the G20 to preserve financial stability left investors largely unimpressed.
The company said that about 75 percent of the acquisition will be financed by debt, with the remaining facilitated by stock issuance (amounting to $4.6-billion in new shares).
U.S. District Judge Ellen S. Huvelle set Feb. 13 as the date when trial will start on the U.S. Justice Department’s case against the $39 billion takeover of T-Mobile by AT&T.
One thing is certain: when she opens the hearing in Washington on Wednesday, U.S. District Judge Ellen S. Huvelle will face a courtroom filled with richly compensated communications lawyers, especially those paid by AT&T and T-Mobile.
Stock index futures pointed to a sharply lower open on Wall Street on Monday, as renewed fears of a Greek debt default prompt investors to book some of last week's gains and turn to safer assets such as gold.
Britain's Justin Rose carded a two-under-par 69 to open up a commanding four stroke lead after the third round of the BMW Championship on Saturday and give himself a shot at the season-ending $10 million jackpot.