Economic experts watching Spain don't know how much money will be needed or precisely when, but some are near certain that Madrid will eventually seek a multi-billion euro bailout for its banks, and perhaps even for the state itself.
European shares eased and the single currency softened on Wednesday as the region's sovereign debt worries and its weaker economic outlook weighed on investors ahead of a German bond sale that will test demand for ultra-low yielding debt.
Exuberant global markets have taken a reality check this month on chronic U.S., Chinese and European growth concerns, and investors should hold companies' relatively rosy profit outlooks up for scrutiny too.
HSBC is launching its first offshore yuan bond, which will be the first offshore yuan deal to be listed in London, IFR, a Thomson Reuters publication, reported on Wednesday.
Former customers of MF Global , waiting for the return of as much as $1.6 billion missing from their accounts, will get their first chance next week to hear testimony from Louis Freeh, the embattled trustee for the bankrupt commodities firm.
Asian shares rose on Wednesday as firm demand at Spanish debt sales and positive U.S. corporate earnings boosted investor confidence in riskier assets.
Yahoo Inc reported an uptick in revenue that marked its first quarterly sales growth in three years, as new Chief Executive Scott Thompson outlined his plan to revamp the struggling Web company.
The International Monetary Fund appeared to be inching toward a deal on increasing its financial firepower on Tuesday, with Japan, Sweden and Denmark committing a total of $77 billion to help contain the euro zone's debt crisis.
U.S. stocks scored their biggest gains in a month on Tuesday after Coca-Cola led a round of strong earnings and as concerns about Europe's debt crisis eased as Spanish bond yields fell.
Yahoo Inc reported a modest uptick in first-quarter revenue and beat Wall Street's profit targets, as the Web company moves to revamp its growth under new Chief Executive Scott Thompson.
Goldman Sachs Group Inc posted a 23 percent decline in quarterly earnings after it dialed down risk-taking in tricky markets, and clients also reduced their appetite for bets.
Declining sales dogged Johnson & Johnson in the first quarter, illustrating the company's struggle to revive growth in all three of its main businesses and tough challenges ahead for incoming Chief Executive Officer Alex Gorsky.
Stocks rallied on Tuesday as investors welcomed a slew of solid quarterly corporate results and after a German investor confidence survey surprised on the upside and Spanish benchmark yields eased.
Oracle Corp is trying to obtain a share of Android by asserting its intellectual property rights even though it had nothing to do with the development of the smartphone operating system, an attorney for Google said in court.
Global growth is slowly improving as the U.S. recovery gains traction and dangers from Europe recede, but risks remain high and the situation is very fragile, the International Monetary Fund said on Tuesday.
Bank of America Merrill Lynch has put its wealth management units outside the United States up for sale, three sources familiar with the situation said, hoping to bring in up to $3 billion for the sub-scale business.
Stocks rose sharply on Tuesday as investors welcomed a slew of quarterly corporate results and as a decline in borrowing costs for Spain eased concerns about Europe's debt crisis.
Output at U.S. factories slipped in March and builders started construction on fewer homes, offering cautionary signals for an economy that appeared to be gaining traction.
Stocks rose on Tuesday as investors welcomed a slew of corporate results and as a decline in borrowing costs for Spain eased concerns about Europe's debt crisis.
Cutting government programs is favored as the way to reduce the budget deficit by more than twice as many Americans as those who favor raising taxes, said a Reuters/Ipsos poll.
The Pentagon says it is making progress in developing weapons for its newest battleground - cyberspace - but still faces funding, technology and policy challenges.
American manufacturing output slipped in March and groundbreaking on homes fell, casting a shadow over the economic outlook.
Stocks rose at the open on Tuesday, with the Dow industrials climbing as much as 1 percent, as investors welcomed a slew of corporate results and a decline in borrowing costs for Spain.
Goldman Sachs Group Inc surprised Wall Street on Tuesday, reporting better-than-expected profit and dialing back risk-taking in ways that are uncharacteristic for the traditionally aggressive investment bank.
The Electric Vehicle (EV) market is all set to witness a slew of offerings by major car manufacturers this year. Back in CES 2011, Ford announced its plans to electrify its Focus compact and now the company has recently announced its plans to bring the electric vehicle to the market.
Groundbreaking on homes fell unexpectedly in March but permits for future construction rose to their highest level in 3-1/2 years, giving a mixed message for one of the economy's weaker sectors.
Bank of America Corp is under contract to sell a downtown Manhattan office building and lease it back, as the big bank continues to shed properties from its balance sheet.
Stocks were set for a higher open on Tuesday, with the S&P 500 looking to snap a two-day drop, as investors focus on a slew of corporate results and a decline in borrowing costs for Spain.
Goldman Sachs Group Inc reported higher-than-expected quarterly earnings thanks to aggressive cost-cutting and strong investment banking and trading revenues, and the Wall Street bank raised its dividend.
Johnson & Johnson reported better-than-expected quarterly earnings but global company revenue fell slightly on anemic sales of medical devices and consumer medicines -- businesses that have been hit by costly recalls in the past two years.
