Goldman Sachs is the front-runner in an auction to buy the Colombian coal assets of Brazil's Vale, attempting to achieve strategic port access, while Glencore waits in the wings and rival traders stay away, industry sources familiar with the matter said.
Stocks of financial and basic materials companies led Wall Street lower on Tuesday after rallies by those groups this year, while the retail sector hit a record even as retail sales rose less than expected last month.
Greece's bid for a new bailout got close inspection on Tuesday from euro zone officials poring over the details of Athens' budget to decide whether it has met conditions to get the money.
A U.S. plan to drag out purchases of the F-35 Joint Strike Fighter jet will increase the total cost paid by the United States and international allies, Lockheed Martin said on Tuesday.
The Obama administration's corporate tax reform plan will end dozens and dozens of breaks, Treasury Secretary Timothy Geithner said on Tuesday as he defended the White House's election-year call for higher taxes from wealthy taxpayers.
Builders of the 2,073-foot Shanghai Tower have announced a partnership with Mitsubishi to outfit the skyscraper with a 40 mph elevator.
President Barack Obama said on Tuesday he had seen hopeful signs that Congress would pass a payroll tax cut extension for the full year, as he kept pressure on lawmakers to take action he said was needed to keep the U.S. recovery on track.
The S&P 500 index retreated on Tuesday from near a seven-month high after weaker-than-expected January U.S. retail sales data curbed investors' appetite for risky assets.
Norisol Ferrari is passionate. Obsessed with the fine things of life like luxe fabrics. In person, Ferrari exudes a strength so strong manifested from her own femininity, which she strives to incorporate into her designs. Presenting her Fall 2012 outerwear collection at Mercedes-Benz Fashion Week in New York on Tuesday, Norisol Ferrari mixed rich classicism with innovative modernism, exploring the “seductive power of glamour."
President Barack Obama said on Tuesday he had seen some hopeful signs that Congress would pass a payroll tax cut extension for the entire year, as he maintained pressure on lawmakers to take action he said was needed to keep the U.S. recovery on track.
Retail sales rose less than expected in January, hurt by discounting in the auto sector, but a rebound in an underlying measure of sales suggested a solid underpinning for the economy's recovery.
Retail sales rose less than expected in January as consumers cut back on car purchases and did less online shopping.
Retail sales rose less than expected in January as consumers cut back on car purchases and did less online shopping.
For years, Craig McCann played a prominent role as a top expert witness, his testimony helping to win millions of dollars for investors who sued financial companies.
Treasury Secretary Timothy Geithner warned on Tuesday that Europe's debt problems along with the slowdown in other major economies present potential impediments to U.S. growth.
For years, Craig McCann played a prominent role as a top expert witness, his testimony helping to win millions of dollars for investors who sued financial companies.
Italy's three-year borrowing costs hit their lowest since March at an auction on Tuesday, with an overnight sovereign rating cut having little impact as cheap ECB loans continued to support demand and ease its path towards an ambitious refinancing goal.
Rating agency Moody's warned it may cut the triple-A ratings of France, Britain and Austria and it downgraded six other European nations including Italy, Spain and Portugal, citing growing risks from Europe's debt crisis.
Wall Street was set for a lower open Tuesday after weaker-than-expected January U.S. retail sales data curbed investors' appetite for risky assets.
The European Central Bank's profits from Greek bonds could be used to help restructure Greece's debt, Executive Board member Benoit Coeure said, spelling out how the ECB's funds could play a role in Athens' debt deal.
Stock index futures were little changed Tuesday as upbeat data from Germany offset Moody's ratings downgrade of six euro-zone countries and investors remained concerned about the financial health of the region.
On the one-year anniversary of the tiny Gulf nation's uprising, Bahrainis try to return to Pearl Square, the symbol of the revolution, while the government tries to stop them
U.S. agri-business giant Monsanto said on Tuesday it will appeal a French court ruling that found it responsible for the poisoning of a farmer who inhaled a weedkiller in what is the first such case to reach court in France.
The European Union is likely to take action against Spain's newly installed government by May for delaying austerity measures ahead of a regional election next month, sources familiar with the situation told Reuters.
When it comes to hiring top commodity traders, what goes around comes around. Wall Street, after years of poaching the best and brightest from specialized commodity firms, is losing the war to keep the essential traders who know how to arbitrage copper or store crude .
India's government is investigating whether local units of U.S. Internet giants Google Inc and Yahoo Inc may have violated the country's foreign exchange laws, the Wall Street Journal reported.
Asian nations shopped for aircraft and military hardware at the region's biggest aerospace and weapons bazaar on Tuesday as a new report said China's defense spending would exceed the combined spending of all major countries in the region within three years.
Stock index futures pointed to a slightly lower open for equities on Wall Street on Tuesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 0.1 to 0.2 percent.
Rating agency Moody's warned on Monday it may cut the triple-A ratings of France, the United Kingdom and Austria, and it downgraded six other European nations including Italy, Spain and Portugal, citing growing risks from Europe's debt crisis.
Global shares and the euro eased and safe-haven German government bonds rose on Tuesday as demand for riskier assets stalled after ratings agency Moody's downgraded six European nations, taking the shine off the Bank of Japan's policy easing.
