Gold steadied near seven-week highs on Thursday, as investor fears over inflation stemming from the spike in crude oil were partially offset by pockets of profit-taking after the market's 6 percent rise this month.
Western investment banks are keen to underwrite more IPOs on China's Shenzhen exchange this year as a surging economy turns the once insignificant market into a fundraising hotbed.
Australia's government launched a third attempt on Thursday to make carbon polluters pay for their emissions, unveiling plans for a fixed-price scheme from 2012 and vowing not to surrender this time in the face of fierce opposition.
China may not have been first to a launch social networking site, but it might be first to float one. Renren.com is eyeing an initial public offering in New York. Owner Oak Pacific is thought to want a valuation of $500 million. The potential for new internet darlings is huge, if they can avoid some old-school problems.
Temasek Holdings has hired former China International Capital Corp (CICC) investment banking head Ding Wei to lead its China operations, the Singapore state investor said late on Monday.
The companies whose shares are moving in pre-market trade on Friday are: Consolidated Edison, Molex, AK Steel Holding, Allergan, Jds Uniphase, Campbell Soup, PepsiCo and American International Group.
U.S. Stocks climbed on Wednesday, supported by some solid earnings reports and a number or M&A deal-making, as the Dow and S&P 500 reached 31-month highs.
Factory gate inflation rose twice as fast as expected last month, and the cost of raw materials soared, heaping pressure on the Bank of England to raise interest rates sooner rather than later.
The top after-market NYSE gainers on Thursday are: Chipotle Mexican, Cambrex, Emulex, Liz Claiborne and Nexen. The top after-market NYSE losers are: Och-Ziff Capital Management, Leapfrog Enterprises, Regal Entertainment, Trueblue and Ingram Micro.
Saudi Arabia has eased its real estate and investment laws to allow foreigners residing and working in the kingdom to purchase and own properties there. The move is widely seen as a way to revive the country’s moribund real estate market.
Retailers are poised to show only a modest rise in January sales as record snow in many parts of the United States kept shoppers away from malls and crimped demand for early spring merchandise.
Gold fell back from its third overnight rally in four days in London trade on Thursday, dropping 1.1% against the Dollar. We don't feel that this downward pressure can persist, given ample global liquidity and low long-term real interest rates, says Standard Bank's commodity team in a client note.
China's growth accelerated in the fourth quarter and its inflation slowed less than expected, fuelling concerns that harsher policy tightening is needed to keep the galloping economy on an even keel.
Nigeria has issued guidance for its $500 million debut Eurobond indicating a yield of around 7 percent, higher than that of West African peer Ghana, market sources said on Thursday.
The top pre-market NASDAQ stock market gainers are: ARIAD Pharmaceuticals, Datalink, Sterling Bancshares, China XD Plastics and Ku6 Media. The top pre-market NASDAQ stock market losers are: Apple, Avago Technologies, Cypress Semiconductor, NVIDIA and ASML Holdings.
PRC property developer Evergrande Real Estate Group made history last week with a Rmb9.25bn (US$1.4bn) synthetic renminbi bond - the biggest to date in the fast-growing market.
CMS Cameron McKenna said it has hired Simmons & Simmons US securities partner Daniel Winterfeldt to head its newly launched international capital markets (ICM) group.
Shares of Advanced Micro Devices (NYSE: AMD) are plunging after the unexpected departure of the company chief executive officer, Dirk Meyer.
JPMorgan Chase and Morgan Stanley received approval from Chinese regulators to form joint ventures with domestic firms, which would allow them to participate in underwriting Chinese stock and bond offerings.
Stocks finished mixed, and traders apparently were unimpressed by some good economic data on factory orders and auto sales, while commodities dropped on likely profit-taking.
Shares of aluminum maker Alcoa Inc. (NYSE: AA) have jumped this morning after receiving an upgrade from Deutsche Bank, as well as a strong vote of confidence from television stock maven Jim Cramer.
The huge floods sweeping across northeast Australia could have a significantly negative impact on the global steel industry.
