U.S. stocks pulled back in a sleepy session Tuesday as investors paused after a three day rally that helped the market regain ground after several weeks dominated by unrest in the Middle East and Japan's earthquake.
Apple said on Tuesday the new version of its game-changing tablet, the iPad 2, will go on sale in as many as 25 countries this Friday, putting an end to speculation over the device's international launch and rumors about possible supply constraints.
The Euro price of Gold Bullion today slipped back to last week's finish just below €32,000 per kilo - reversing Monday's 1.0% rise - as the single currency hit new 6-month highs to the Dollar above $1.4240.
Investors already bruised by the Japan disaster now confront military air strikes on Libya and the prospect of rising oil prices, making it likely they will postpone any bold investment decisions.
Investors already bruised by the Japan disaster now confront military air strikes on Libya and the prospect of rising oil prices, making it likely they will postpone any bold investment decisions.
Prices to Buy Gold rose above $1418 per ounce Friday lunchtime in London, reversing this week's earlier 2.4% drop as crude oil fell and world stock markets rose further after news of an immediate cease-fire by the Gaddafi regime in Libya, prompted by the United Nations' no fly zone agreement.
Portugal's government blamed higher rates paid at a debt auction on Wednesday on the opposition's refusal to back its latest austerity plans, warning a political standoff could force it to seek a bailout.
Japanese stocks rebounded on Wednesday from a major pummeling that some investors thought overdone, lifting equities elsewhere and allowing the yen to dip from a near record high against the dollar.
Japanese stocks rebounded on Wednesday from a major pummeling that some investors thought overdone, lifting equities elsewhere and allowing the yen to dip from a near record high against the dollar.
Asian financial markets rallied on Wednesday, with Tokyo stocks rebounding 5.7 percent after a steep two-day sell-off on Japan's killer earthquake and unfolding nuclear crisis.
What's your true level of risk today? No idea. But the least your fund manager, advisor or favorite financial columnist can do today is remember the lesson of 2007, and highlight the range of risks and possible fall-out which might lie ahead. Take inflation, for instance. Though small, the risk of currency devaluation and hyper-inflation in the developed West is still materially underpriced by gold bullion
The euro zone is likely to increase guarantees for its bailout fund to boost its effective lending capacity, Eurogroup President Jean-Claude Juncker said on Monday, but a deal was likely only next week.
Euro zone finance ministers signaled on Monday they would flesh out a deal to bolster their bailout fund over the next week, while Fitch Ratings warned the steps were not enough to resolve Europe's debt crisis.
European leaders agreed on Saturday to strengthen the euro zone bailout fund, make its loans cheaper and lower the interest rate on loans extended to Greece, a move to get on top of the year-long debt crisis.
Euro zone leaders agreed in principle on Friday to write limits on public debt and budget deficits into national law, meeting a German condition for a stronger euro zone financial safety net.
Portugal announced new spending cuts on Friday to try to restore confidence in its finances ahead of a euro zone summit that is likely to back a plan to boost competitiveness but defer decisions on a stronger rescue fund.
Portugal announced additional spending cuts and reforms on Friday to increase its deficit-cutting efforts by 0.8 percent of gross domestic product this year and provide extra certainty that it will reach its target of a 4.6 percent fiscal gap.
Global stocks fell to their lowest in nearly six weeks on Friday and government bonds rose as a huge earthquake in Japan and expectations Portugal will have to seek financial aid prompted a sell-off in risky assets.
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.
Libyan officials have arrived in Brussels, Belgium for talks with European Union delegates, just before the EU foreign minister meet to discuss the crisis in Libya, according to Al Jazeera.
The Dow rebounded on Wednesday with a jump in IBM's stock on its 2015 outlook, but the Nasdaq fell as a weaker-than-expected earnings target from Texas Instruments weighed on the chip sector.
Portugal's two-year cost of borrowing hit the highest level since it joined the euro in a bond auction on Wednesday, and the government said yields were unsustainable in the long run without Europe-wide action.
