U.S. stocks plunged on Thursday as weaker-than-expected economic reports from both domestic and overseas coupled with fears over the impact on oil price by pervasive unrest in the Middle East and North Africa weighed on the sentiment.
(Corrects name of Bombardier plane in paragraph 2)
Chinese inflation topped expectations, with prices rising 4.9 percent in the year to February and looking set to climb faster in coming months, adding to pressure for another dose of monetary tightening.
Euro zone leaders are set to agree a competitiveness pact at a summit on Friday and will push Portugal to announce new reforms to increase market confidence as they seek to draw a line under the regions' debt crisis.
The top after-market NASDAQ stock market gainers are: CDC Corp., Ener1, RC2 Corp., Clean Energy Fuels, and Sangamo Biosciences. The top after-market NASDAQ stock market losers are: Energy Conversion Devices, Zumiez, Jamba, Stereotaxis, and Clearwire.
U.S. officials believe China's insurance regulator passed on proprietary information about AIG to its Chinese rivals during the American firm's collapse in 2008, according to unpublished diplomatic cables.
Asian shares dipped on Friday as spreading unrest in Saudi Arabia and weak economic data spurred some profit taking while the euro looked shaky after its biggest one-day fall versus the dollar in a month.
U.S. stocks plummeted on a slew of troubling developments, including a surprising trade deficit in China, a downgrade of Spain’s debt, along with fears over the impact on oil price by pervasive unrest in the Middle East and North Africa.
Chinese stocks traded on US exchanges are undervalued and mispriced, said Benjamin Wey, president at New York Global Group.
Oil recouped most of its deep losses in late trade on Thursday after reports of police firing on protesters in Saudi Arabia revived fears of further unrest in the world's top exporter.
China's growing capabilities in cyber-warfare and intelligence gathering are a formidable concern to the United States, the top intelligence official told a Senate panel on Thursday.
Brent and U.S. crude oil futures pared losses on Thursday, beset by deeper geopolitical concerns on witness reports that police fired upon protesters in Saudi Arabia's Eastern province.
Facebook not only made household names out of its founders thanks to the movie The Social Network -- it has also minted the latest crop of the richest people on the planet.
Brent crude oil futures climbed back to positive territory and U.S. crude pared losses Thursday after reports from Saudi Arabia said police had fired upon protesters, traders and other market sources said.
Stocks dropped more than 1 percent on Thursday and the S&P 500 fell through a key technical level amid global economic worries, suggesting more losses may be on the way.
A net importer of Gold despite now being the world's No.1 mining producer, China saw 200 tonnes of demand during Jan. and Feb. according to an estimate from Swiss bank and bullion market-maker UBS.
U.S. stocks declined in early trade on Thursday after official data showed that applications for jobless benefits in the U.S. rose more than expected last week, after falling to the lowest level since May 2008 in the previous week.
Flanked by an entourage of assistants and advisors, Chinese mining tycoon Lian Guangming flitted from one luxury jet to another at the Asian Aerospace Expo in Hong Kong.
A strong flow of imports pushed up the U.S. trade deficit in January, a further sign of strengthening demand, while new claims for jobless aid rose more than expected last week but remained at levels suggesting a labor market recovery was intact.
Stocks fell on Thursday, with each of the major indexes dropping more than 1 percent, and the S&P fell through a key technical level, signaling further declines may be on the horizon.
Stocks were set for a lower open on Thursday after a rating agency downgrade of Spain rekindled concerns over euro zone debt problems and disappointing economic data from China and the United states heightened global growth worries.
The trade deficit widened much more than expected in January to $46.3 billion, as surging imports of oil, capital goods and cars overpowered record exports.
