INVESTMENT

Bernanke gives testimony at a Joint Economic Committee hearing on the economic outlook, on Capitol Hill in Washington

Fed to Pause, Sow Seeds for More Easing

The Federal Reserve could begin to prepare financial markets for further monetary easing at the conclusion of a two-day meeting that began on Tuesday, even if it refrains from any new stimulus just yet.

F1 Teams Eye Indian Sponsorship Pie

IBTimes Logo
The indifference shown by the majority of India's deep-pocketed corporates toward Formula One has baffled team bosses who expect them to warm to the sport following the success of last weekend's inaugural Indian Grand Prix.
More news
IBTimes Logo

Asian Stocks and Commodities Fall on Greek Shocker

Asian shares and commodities fell Tuesday, after a shock announcement that Greece will hold a referendum on a new EU bailout deal for the debt-ridden country threw efforts to resolve the euro zone's debt crisis into fresh doubt.
Bloomberg Gates

Silicon Valley NYC One Step Closer to Reality

New York City Mayor Michael Bloomberg announced Monday that a proposal to bring an applied sciences university to the city continues to move forward. Under Applied Sciences NYC, dubbed one of the most exciting projects the city has undertaken in the past decade by U.S. Senator Charles E. Schumer, seven proposals are under consideration for the groundbreaking program. The winner will be awarded free city land and up to $100 million in city capital funding in exchange for constructing a ma...
Allstate insurance posts fourth quarter results as office shown in San Francisco

Allstate Profit Sinks on Disaster Losses

Allstate Corp posted a sharply smaller profit for the third quarter, as the largest publicly traded home and auto insurer in the United States lost more than $1 billion due to natural disasters.
Canadian Maple Leaf gold coin

Royal Canadian Mint Offering Gold Receipts

The Royal Canadian Mint will begin offering exchange-traded receipts, a way to let investors own and trade gold bullion, late next month in an initiative expected to raise about $250 Canadian.
Nigeria

Nigeria cbank to review naira, likely 155-156/dlr target

Nigeria's Central Bank Governor Lamido Sanusi said on Monday the bank would review its target band for the naira in the next few days, and depending on where the exchange rate settles may move its midpoint to 155/156 to the dollar, compared to its current 150.
Canada exchange operator backs $3.8 billion buyout bid

Canada exchange operator backs $3.8 billion buyout bid

The operator of Canada's largest stock market has thrown its support behind a C$3.8 billion ($3.8 billion) takeover offer from a group of banks and pension funds, embracing the deal four months after a failed attempt to merge with the London Stock Exchange.
IBTimes Logo

Nikkei Stock Average Closes Lower

The Nikkei stock average ended lower on Monday, giving up sharp intraday gains made after Japanese authorities intervened to curb persistent yen strength, as investors locked in profits on concerns the yen won't stay down for long.
Shanghai Gold Exchange

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).
Solar Panel Field in Japan

Uncertainty from China, Cost Paradigm, Betray Current Rally in Solar Panel Stocks

Fueled by wider Eurozone summit rally, industry-specific news out of Germany and a trader-driven assessment that share prices might have reached technical bottoms, shares in various solar panel manufacturers surged Thursday and Friday. Disappointing industry developments, the possibility of negative surprises coming out of China, and the increasingly unforgiving economics of the business, however, mean the industry could face a very stormy fourth quarter.
A car drives along the territory of a solar energy power station near the Okhotnikovo village in the Crimea's Saksky district

Solar Energy: Will it Become the New Normal?

Solar panels have, for good or ill, traveled a familiar but slow technological road. But manufacturing advances, booming investment and falling prices could, after nearly six decades, make solar panels the new normal.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.