- US Hopes Pakistan Will Reopen NATO Supply Routes
May 23 2012 10:47 AM
The US hopes that Pakistan will agree to reopen the supply routes to NATO troops in Afghanistan as the Senate has threatened to link the aid to Pakistan with the country's cooperation on the issue.
- Global Stocks Fall On Fears Of Greek Exit From Euro Zone
May 23 2012 8:47 AM
Asian, European and U.S. stocks fell hard Wednesday on rising fears and uncertainty about a possible Greek exit from the euro zone as well as concerns over slowing economic growth.
- Indian Rupee Continues To Fall, Crosses 56 Mark Against Dollar; Analysts Seek Strong Corrective Action
May 23 2012 6:46 AM
The Indian rupee descended to the all-time-low of 56.04 per dollar Wednesday even as the Reserve Bank of India and the Indian government said that they were monitoring the situation closely and taking corrective measures.
- European Stocks Boosted By Positive Outlook: Daily Markets Wrap
May 22 2012 4:13 PM
Comments regarding a rebound in the Chinese economy from the Organization for Economic Cooperation and Development lifted stocks earlier Tuesday and kept Asian and European bourses in the green. The comments came after Chinese Prime Minister Wen Jiabao said last weekend his government would focus more on growth than inflation.
- Falling Indian Rupee: What Government Has Done To Protect Economy
May 22 2012 9:56 AM
Blaming the Euro Zone crisis for a weak Indian economy Indian Finance3 Minister Pranab Mukherjee said that government is taking several steps to protect the economy and rupee from further pressures.
- OECD Sees Euro Zone Crisis Threatening Global Recovery
May 22 2012 8:29 AM
The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain the damage from its problem debtor states, the OECD said on Tuesday.
- Existing Home Sales, Durable Goods, China PMI: Economic Events For May 21 - 25
May 21 2012 9:21 AM
This week's economic calendar is relatively light in the U.S. with the releases of existing home sales, durable goods orders, and the University of Michigan consumer confidence survey. Attention will likely focus on data out of Europe. Euro zone PMIs, Germany IFO survey, and first-quarter gross domestic product data for the U.K. will be released.
- Air India Likely To Hire Retired Pilots, Government Mulls Over Implementing Panel Report
May 19 2012 5:35 AM
Air India is planning to hire retired pilots for flying international routes even as a strike by a group of pilots entered the 12th day Saturday.
- Facebook IPO: Biggest Tech IPO Ever Soars 10% But Closes With A Whimper
May 18 2012 11:07 AM
Shares of Facebook (Nasdaq: FB), the No. 1 social network that raised $16 billion in its initial public offering, the biggest in Internet history, soared more than 10 percent but closed up by only a fraction.
- Facebook Prices IPO Shares At $38; Values Company At Record $104 Billion
May 17 2012 4:20 PM
Facebook (Nasdaq: FB), the No. 1 social network, raised $16 billion in its initial public offering, the biggest in Internet history, valuing its shares at $38.
- Afghanistan Demands $4.1 Billion A Year; Plans To Sell Islamic Bonds
May 17 2012 4:33 AM
Afghanistan, bracing for a potential sharp decline in financial support from the West amid fears of a fresh military offensive by the Taliban insurgents, has demanded $4.1 billion a year for its security forces after the foreign troops pull out in 2014, ahead of the NATO summit starting Sunday.
- Global Losses From Greek Euro Zone Exit Could Reach ?1 Trillion
May 16 2012 3:56 PM
The financial markets appear to have already priced in Greece?s departure from the euro bloc.
- Huge Demand Prompts Facebook To Sell More Shares In IPO
May 16 2012 8:49 AM
Surging demand for shares of Facebook (Nasdaq: FB), the No. 1 social network, prompted the company to again boost the number of share for sale in its initial public offering.
- Indian Stocks Fall On Greek Political Crisis, High Inflation
May 14 2012 8:20 AM
Bombay Stock Exchange's Sensex lost more than 100 points Monday afternoon trade as the slump in European markets and a worse-than-expected inflation for April hit the markets hard.
- SEC 'Probably' Drafting JPMorgan Subpoenas: Former Agent
May 11 2012 4:57 PM
U.S. Securities and Exchange Commission investigators are probably in the process of drafting subpoenas against JPMorgan Chase & Co. (NYSE: JPM), if they have not already filed them, regarding the bank's loss of $2 billion through proprietary trading, said ex-SEC New York Regional assistant director Joseph Dever.
- Opposition And Islamists Charge Fraud In Algerian Parliamentary Election
May 11 2012 1:00 PM
Members of Green Alliance charged the authorities with fraud for their distant third place finish.
- AngloGold More Than Doubles Profit on High Gold Prices, Sees Metal Going Higher
May 10 2012 4:27 PM
AngloGold Ashanti Limited (NYSE: AU), the largest gold miner in Africa, said Thursday its profit more than doubled in the first quarter, when compared to year ago results, despite decreased output.
- Microsoft Going ?Carbon Neutral? On July 1
May 10 2012 4:03 PM
Microsoft (Nasdaq: MSFT), the world's biggest software company, said it will go ?carbon neutral? on July 1, the start of its new fiscal year.
- Algerian Parliamentary Election Marred By Voter Apathy, Despite Promises Of Fairness, Transparency
May 10 2012 11:19 AM
The government is also permitting about 500 foreign observers, including 120 from the European Union, to monitor the elections.
- Spain, Greece Send Buyers To German, US Bonds: Daily Markets Wrap
May 09 2012 4:17 PM
Anti-austerity momentum in Greece continued to weigh down markets with the prospect of the country defaulting or leaving the euro. Spain?s Ibex 35 Index lost 3 percent, led by bank stocks, while its 10-year yields rose more than 6 percent over banking-sector concerns.