U.S. stocks are sliding on fears over inflation in Asia and the growing likelihood that Ireland’s battered economy may need a cash bailout from the European Union (EU).
How much was accomplished at the just-concluded G20 summit in Seoul, South Korea likely depends upon whom you are asking. While some observers feel the summit cannot really do anything to address the fundamental differences between diametrically opposed economies (see: U.S. vs. China), others feel that progress of any such summit has to be measured in slow, patient doses.
William Dudley, president of the New York Federal Reserve, downplayed the charge that the Federal Reserve is monetizing U.S. government debt. The Fed is accused of doing so because it is engaged in quantitative easing.
S&P 500 Index is down 10.42 points, or 0.85 percent, to trade at 1,187.57 at 09:53 a.m. EDT. The Dow Jones Industrial Average lost 99.57 points, or 0.89 percent, to trade at 11,102.40. The Nasdaq Composite Index fell 0.72 percent.
The top pre-market NASDAQ stock market gainers are: China TransInfo Technology, Yongye International, Fuwei Films Holdings, Cerus, Urban Outfitters, Cree, Asia Entertainment & Resources, Clean Energy Fuels, and NetApp.
The top pre-market NASDAQ stock market losers are: Perfect World, Netlist, China Natural Gas, Limelight Networks, A-Power Energy Generation Systems, China Sunergy, Magic Software Enterprises, Joy Global, Power-One, and Randgold Resources.
Retail giant Walmart reported 9 percent growth in its quarterly profit on strong sales at its international operations and raised its fiscal 2011 earnings outlook.
Futures on the S&P 500 are down 0.49 percent, futures on the Dow Jones Industrial Average lost 0.55 percent and Nasdaq100 futures are down 0.73 percent.
A recent QS TopMBA Jobs Index puts Russia ahead of its Western Europe counterparts as a hot MBA recruitment destination. Retaining the momentum in hiring for the second year running, it has shown a steady 22 per cent growth in MBAs recruited.
The Bank of Korea raised a key policy rate by 25 basis points as the central bank's focus shifted from unchecked inflows of foreign funds to rising inflation.
German sportswear giant Adidas announced on Monday to open more than 2,500 stores in smaller Chinese cities by 2015 aiming to tap the middle class market.
Google has donned the cloak of Internet's guardian angel once again, condemning the 'digital disruptions' that some governments unleash and calling for new trade rules to prevent countries from setting up intractable 'trade barriers' of a new kind.
The top after-market NASDAQ stock market losers are: China Natural Gas, Rightnow Technologies, Netlist, Limelight Networks, Sinovac Biotech, Amedisys, Cray, RINO International, Ebix, and Arbinet.
Stocks on major U.S. indices opened higher as takeovers and faster-than-estimated growth in retail sales fueled optimism in the economy.
President Barack Obama's 10-day Asian tour has been dubbed a failure by media owing to key failures in binding together the much-awaited free trade pact with South Korea and the inability to persuade a majority of the G-20 nations to support the U.S. position on current account imbalances.
The top pre-market NASDAQ stock market losers are: Thoratec, MakeMyTrip, RINO International, Codexis, Biostar Pharmaceuticals, Coleman Cable, BSD Medical, Limelight Networks, Kaman, and Akamai Technologies.
At least 12 people have been killed and dozens more are awaiting rescue as a huge fire engulfed a high-rise residential building in Shanghai. Several residents including elderly citizens are believed to be trapped in the 28-storey building located in the Jing'an district. Reports in the Chinese media state that the witnesses have spoken of hearing loud explosions.
Futures on major U.S. indices point to a small rebound on Monday ahead of key monthly retail sales data.
After being dethroned by China as the world's fastest supercomputer maker, US has upped the ante and is creating two 20-petaflop supercomputers to reclaim the top position for the most powerful supercomputer.
Equity capital market transactions totaled $23.3 billion last week, with 59 deals in the Asia Pacific region in the last week, a report by Dealogic said.
Concerns over Europe's debt risks felled Australian and New Zealand dollars - Asia Pacific's major risky currencies - on Monday, while growing fears that China may raise rates further dampened the sentiment. Market is keen on any fresh developments from Europe, with many important EU officials, including Alex Weber of ECB, scheduled to speak on the first day of the Euro Finance Week held November 15-19 in Frankfurt, Germany.
World Bank President Robert Zoellick is the most high-profile person in recent history to bring up the gold standard. However, his endorsement was almost universally dismissed as too archaic and impractical.
