Talks over restructuring part of Greece's massive public debt ran into trouble on Tuesday as one fund walked away from negotiations, fuelling growing doubts about whether a deal that is crucial to a new bailout agreement can be reached this year.
Wall Street will be required to report complex swap trades in real time under a final rule the U.S. futures regulator approved on Tuesday, moving to lift the veil on the murky $700 trillion market, but the agency delayed a decision on block trades until next year.
Housing starts and building permits jumped to a 1-1/2 year high in November as demand for rental apartments rose, suggesting the housing market was entering a tentative recovery.
Greek finance minister Evangelos Venizelos was hopeful on Tuesday of at last reaching the deal with private sector bondholders that is key to a new bailout package for the country.
Stocks surged more than 2 percent on Tuesday as positive economic data at home and abroad cheered investors after some recent declines, though low volume was seen as exaggerating the market impact.
Deutsche Boerse and NYSE Euronext have offered to cap fees on trading in their European derivatives contracts for three years in a last-ditch effort to get their $9 billion merger cleared in the European Union.
The Federal Reserve proposed on Tuesday new capital and liquidity rules for the largest banks that would roll out in two phases and not likely go further than international standards.
A former UBS trader accused of carrying out a $2.3 billion rogue trading fraud that rocked the Swiss bank was given more time on Tuesday to consider his plea after changing his legal team.
Hedge fund manager David Einhorn is taking an even harder line against Green Mountain Coffee Roasters , his big short trade, claiming a recent audit committee review of the accounting issues he flagged is nothing more than a whitewash.
Stocks rebounded sharply on Tuesday as investors latched onto signs of easing stress in Europe's bond markets as well as some positive economic data at home and abroad.
German business sentiment rose sharply in December, defying expectations for a decline and underscoring the resilience of Europe's dominant economy in the face of a sovereign debt crisis that has hammered euro zone growth.
U.S. housing starts surged to a 1-1/2 year high in November and permits for future construction were the highest since March 2010 as demand for rental apartments rose, offering hope for the weak housing market.
Housing starts surged to a 1-1/2 year high in November and permits for future construction were the highest since March 2010 as demand for rental apartments rose, offering hope for the weak housing market.
Stocks rebounded sharply Tuesday as a drop in Spain's borrowing costs and unexpectedly strong economic data from Germany eased euro zone debt worries.
Stock index futures rose on Tuesday, indicating equities will rebound from declines in the prior session as borrowing costs in Spain fell and worries about the euro zone's debt crisis eased.
Deutsche Telekom offered no detailed plan of how it will bounce back from the collapse of its deal with AT&T, only assuring investors on Tuesday it was working on a long-term plan for its subscale U.S. wireless unit.
Stock index futures rose Tuesday, indicating equities will rebound from declines in the prior session as a drop in Spain's borrowing costs and unexpectedly positive data from Germany eased euro zone debt worries.
Olympus Corp is preparing to issue about $1.28 billion (100 billion yen) in new shares to bolster its depleted finances, with Japanese high-tech stalwarts Sony and Fujifilm seen as possible buyers, the Nikkei business daily reported.
European shares and the euro rose on Tuesday on surprisingly good news about the German economy and a better-than-expected outcome at a Spanish treasury bill auction, but concerns about the euro zone debt crisis limited gains.
A former UBS trader accused of unauthorized dealing that cost the Swiss bank $2.3 billion was expected to enter a plea for the first time on Tuesday in a case that led to the resignation of UBS's chief executive.
European shares and the euro rose on Tuesday on unexpectedly good news about the German economy's prospects, but concerns about problems policymakers are having in tackling the euro zone debt crisis limited gains.
Asian stocks and the euro edged up on Tuesday, but sentiment remained fragile on concerns that efforts to contain the euro zone debt crisis were faltering and tougher rules to strengthen banks' capital would further undermine their profits.
On a recent brisk Beijing morning, the competition for depositors was in full swing at a Bank of Communications branch office.
The Federal Reserve is unlikely to need to ease monetary policy further given the country's steady if moderate pace of economic growth, Richmond Fed President Jeffrey Lacker said on Monday.
Business software maker Red Hat Inc forecast fourth-quarter revenue largely below analysts' expectations hurt mainly by a weaker euro, sending its shares down 7 percent in after-market trade.
Business software maker Red Hat Inc's quarterly results edged past market expectations as demand from corporate customers drove subscription revenue growth.
NASA has released an image of a supernova remnant (SNR) called 'Puppis A,' which contains dust and gas cloud in the form of a 'glowing red rose'. The image was captured by NASA's WISE (Wide-field Infrared Survey Explorer).
Bank of America Corp shares closed below $5 on Monday for the first time since March 2009 amid continued concern about its need to build capital.
The Federal Reserve is expected to release this week a highly anticipated proposal for how it will oversee the largest U.S. banks, a person familiar with the plan said on Monday.
The upstart wireless company that is being bankrolled by Philip Falcone's $5 billion Harbinger Capital Partners hedge fund could run out of money during the second quarter of 2012, according to the company's financial statement.
