Markets / Finance
SAP SE To Cut About 2,250 Posts, Create Fresh Positions
March 06 2015 4:33 AM EST
SAP expects to create about 2,200 jobs this year in growth areas such at its cloud business.
Sturdy US Jobs Report Seen, Could Keep June Rate Hike On Table
March 06 2015 3:06 AM EST
The jobless rate was forecast to fall to 5.6 percent, while average hourly earnings were seen rising 0.2 percent.
Brent Climbs Above $61 On Mideast Supply Concerns
March 05 2015 11:53 PM EST
Brent crude rose above $61 a barrel on Friday, supported by geopolitical tensions in Libya and Iraq, while traders eyed the outcome of Iran nuclear talks for further trading cues.
Fed Should Not Be Too Patient On Rate Hikes, Williams Says
March 05 2015 11:53 PM EST
The hawkish remarks from the normally centrist Williams do much to suggest the era of rock bottom interest rates is nearing an end.
Islamic State Torches Oil Field Near Tikrit As Militia Advance
March 05 2015 7:09 PM EST
ISIS militants have set fire to oil wells northeast of the city of Tikrit to obstruct an assault by Shi'ite militiamen and Iraqi soldiers trying to drive them from the Sunni Muslim city and surrounding towns, a witness said.
US Stocks Edge Higher Ahead Of Jobs Report
March 05 2015 6:08 PM EST
Economists are looking ahead to the highly anticipated jobs report for February, due out Friday.
Big Banks Pass US Federal Reserve Stress Tests
March 05 2015 5:42 PM EST
The Federal Reserve found that all 31 banks surveyed in this year's stress tests would stay solvent in a downturn.
5 Things We Learned From Etsy's IPO Filing
March 05 2015 1:30 PM EST
The online marketplace for handmade and vintage crafts may become the largest IPO for a New York tech company in 16 years.
The Fed's Big-Bank Stress Tests, Explained
March 05 2015 12:15 PM EST
Initial results of the Federal Reserve's annual bank examinations come out Thursday. Here's what you need to know.
US Stocks Edge Higher After ECB Unveils Start Date For Stimulus
March 05 2015 11:03 AM EST
The European Central Bank announced its “QE” program will begin Monday, which will pump more than $1 trillion into the EU economy.
Bank Of England Keeps Rates On Hold, 6 Years After Crisis Cut
March 05 2015 7:31 AM EST
But, there are signs that policy makers believe a rate hike could come sooner rather than later.
Euro Hits 11-Year Low Before ECB, Stocks Edge Higher
March 05 2015 5:35 AM EST
The common currency fell to as low as $1.1026, its lowest level since September 2003.
ECB Set To Raise Growth Forecasts, Flesh Out Bond-Buying Plan
March 05 2015 4:00 AM EST
The ECB has said its money printing would last "at least" until September 2016 and a "sustained adjustment" in inflation emerges.
China Lowers 2015 Growth Target
March 05 2015 12:01 AM EST
The growth target is the lowest since 1990, and reflects the government's desire to transition the economy toward more sustainable development.
Snowden Says US Not Offering Fair Trial If He Returns
March 04 2015 7:59 PM EST
Edward Snowden, the fugitive former U.S. spy agency contractor who leaked details of mass surveillance programs, said he is not being offered a fair trial if he returns to the U.S.
Wall Street's Rally Pauses Ahead Of ECB Meeting
March 04 2015 7:00 PM EST
Economists are looking ahead to Thursday’s ECB meeting that could reveal clues as to when it will begin its monetary stimulus program.
Winter Blues Are Weighing On Retail Spending: Fed
March 04 2015 5:13 PM EST
Harsh winter weather affected consumer spending in early 2015, while declining oil prices are taking a toll on energy firms.
Too Little Stress Found In Big Banks' Stress Tests
March 04 2015 3:37 PM EST
Annual Federal Reserve examinations meant to prevent the next financial crisis could be growing too predictable, researchers say.
StanChart Targets Cost Cuts Worth $1.8B After Profits Plunge
March 04 2015 4:16 AM EST
CEO Peter Sands will leave in June after eight years in charge, to be replaced by former JPMorgan investment bank boss Bill Winters.
India's Central Bank Surprises Markets With Interest Rate Cut
March 03 2015 10:56 PM EST
The rate cut marks a vote of faith in the government, which on Saturday pledged to be fiscally responsible.