The euro erased initial gains and edged lower on Thursday to trade above the previous day's four-year lows as political divisions in Europe and fears of more market regulation kept investors on edge and pressured stocks.
The euro erased initial gains and edged lower on Thursday to trade above the previous day's four-year lows as political divisions in Europe and fears of more market regulation kept investors on edge and pressured stocks.
The head of the Eurogroup said on Thursday financial markets were acting irrationally over the euro area's debt problems and while he was concerned about the fall in the euro, immediate action was not needed.
The euro struggled to retain gains on Thursday after a fragile rebound from the previous day's four-year lows as political divisions in Europe and fears of more regulations kept investors edgy and pressured stocks.
Germany stepped up its fight against speculators with a ban on some financial trades on Wednesday, triggering big market falls and wrong footing European governments that said they were not consulted.
Stocks fell on Wednesday as Germany's unilateral action to ban specific trades on some stocks and bonds sparked a fresh wave of uncertainty and risk aversion among anxious investors.
Stocks fell on Wednesday as Germany's unilateral action to ban specific trades on some stocks and bonds sparked a fresh wave of uncertainty and risk aversion among anxious investors.
Deere & Co reported a stronger-than-expected quarterly profit on Wednesday, and raised its full-year outlook, citing improving business conditions including a recovery in the hard-hit market for construction equipment.
Stocks fell on Wednesday as Germany's decision to ban naked short-selling of certain financial instruments fanned investor worries about exposure to riskier assets and about the global economy.
Germany declared war on speculators by banning some types of trade on Wednesday, triggering big falls in the financial markets and wrongfooting other European governments, which said they were not consulted.
Stocks fell on Wednesday as Germany's decision to ban naked short-selling of certain financial instruments fueled investor worries about exposure to riskier assets and about the global economy.
U.S. stocks fell on Wednesday as Germany's decision to ban naked short-selling of certain financial instruments fueled investor worries about exposure to riskier assets and about the global economy.
Fewer than 2 percent of mobile users in the United States and western Europe used their phone to download music in the first quarter, showing the uphill task facing Apple iTunes challengers like Nokia.
Persuading Beijing to let its yuan currency rise in value is not simply an issue for the United States but one that should interest the whole world, Treasury Secretary Timothy Geithner said on Wednesday.
Stocks dropped on Wednesday after Germany's decision to ban naked short-selling of certain financial instruments and comments from its chancellor on the safety of the euro rattled investors.
Stock index futures were set for a lower open on Wednesday as markets were unnerved by Germany's decision to ban naked short selling of certain financial instruments and comments from its chancellor that the euro was in danger.
Samsung Electronics plans to launch the first smartphone based on its own operating system in the next few weeks, as it seeks to catch up with bigger rivals in the booming high-end market.
Stock index futures fell sharply on Wednesday, with markets rattled by Germany's decision to ban naked short selling of certain financial instruments and comments from its chancellor that the euro was in danger.
The market remains under pressure as Germany's ban on short-selling activities triggered a new round of panic selling in risky assets. WTI crude oil price extends the 7th-day decline to as low as 67.9, the lowest level since September 30, 2009. The contract has plummeted more than -20% so far in May. Despite a plunge below the OPEC's preferred range of 70-80, Saudi Arabia's financial minister stress that he's not worried about the decline and the country will commit to the planned projects.
Samsung Electronics plans to launch the first smartphone based on its own operating system in coming weeks, as it seeks to catch up with bigger rivals in the booming high-end market, an executive said on Wednesday.
Stocks were set to open lower on Wednesday, adding to the previous sessions losses and mirroring weakness in Europe as worries over tighter financial regulation put pressure on equities.
Gold prices eased in Asian trade Wednesday even after reports of a tumbling euro. Gold for immediate delivery was seen trading at $ 1213.75 an ounce at 11.00 a.m Singapore time while U.S. gold futures for June delivery was at 1213.31 an ounce e at the same time.
