Asian shares inched down on Friday, tracking New York and European shares lower as weak Chinese trade data raised concerns about the global economy, while the euro eased after another sovereign debt ratings downgrade.
Resources firms such as Exxaro led South African stocks lower on Thursday as miners took a knock after weak data from China and disappointing earnings from the United States.
JPMorgan Chase & Co.'s third-quarter earnings fell 4 percent as the European debt crisis pushed investment banking clients to the sidelines, but results were helped by an accounting gain the bank can take when markets are in turmoil.
JPMorgan Chase & Co reported lower third-quarter net income as the European debt crisis set back corporate dealmaking.
Stock index futures fell on Thursday after weaker-than-expected economic data in China reawakened global economic worry and earnings from JPMorgan Chase.
Goldman Sachs Group Inc. will likely record a loss in the third quarter, only the second quarterly loss in the Wall Street titan's history, hurt by weakness across trading and investment banking, equity market declines and wider credit spreads during the period, Citigroup said.
Investors tiring of the Eurozone's debt crisis dragging the market all over the place are hoping to focus on something else next week -- earnings.
California Attorney General Kamala Harris remains open to a deal with large U.S. banks in multi-state mortgage negotiations provided it involves a stronger proposal from lenders, the Wall Street Journal reported.
California Attorney General Kamala Harris remains open to a deal with large U.S. banks in multi-state mortgage negotiations provided it involves a stronger proposal from lenders, the Wall Street Journal reported.
A draft proposal of the Volcker rule that cracks down on banks' proprietary trading gives firms flexibility to hedge risk, and sets stringent limits on such trading beyond U.S. borders to address fears the rule will put U.S. firms at a disadvantage.
Citi clients who hold the EZ Checking account will be charged $15 per month if they fail to maintain a minimum balance of $6,000
Canada wants its central bank governor, Mark Carney, to become head of the Financial Stability Board, the country's finance minister said on Monday days after a highly publicized clash between Carney and one of the world's most powerful bankers.
More than three years after the financial crisis struck, the U.S. economy remains stuck in a consumer debt trap.
The state of California pulled out of multi-state mortgage negotiations with large U.S. banks, dealing a sharp blow to long-running efforts to secure a broad settlement over allegations of lending abuses.
This past quarter was miserable for bullish U.S. stock investors. The bad news is, things may get worse before they get better.
The state of California pulled out of multi-state mortgage negotiations with large U.S. banks, dealing a sharp blow to long-running efforts to secure a broad settlement over allegations of lending abuses.
Bank of America (NYSE: BAC) would now charge a $5 monthly fee for debit card usage as Dodd-Frank Act's Durbin amendment would become effective Oct. 1.
The largest U.S. banks, eager to get legal protection after widespread evidence emerged of foreclosure shortcuts, are trying to convince California to be part of a multi-state mortgage settlement and not pursue its own aggressive deal.
The Dow and S&P 500 rose on Thursday on stronger-than-expected economic data and German lawmakers' approval to strengthen the euro zone's crisis fund, while big-cap Internet shares dragged on the Nasdaq.
Financial stocks are particularly buoyant -- Morgan Stanley (NYSE: MS) is up 5.2 percent.
If recent history is anything to go by, then it can be seen that it pays to buy Apple shares whenever the stock drops; something that could make evaluation of the next buying opportunity a meaningful process.
Jun Azumi, Tokyo’s finance minister, warned that Eurozone members need to come up with a rational, workable plan to alleviate global fears.