Gazprom most profitable firm on Fortune Global 500
Russian gas giant Gazprom was the world's most profitable company in 2009 despite ranking 50th in revenue, Fortune magazine said on Thursday with the publication of the Fortune Global 500.
Wall Street edges up but off session highs
U.S. stocks rose slightly on Thursday on gains by some retail stores and stronger job sector data, but declines in chipmakers eased the market off its highs.
Europe shores up support for bank stress tests
European supervisors won tentative support for impending bank stress tests on Thursday, while markets sought more detail about the process before delivering a final verdict.
Banks, oils power FTSE up 1.8 percent
Banks lifted Britain's top shares on Thursday, with Royal Bank of Scotland and Lloyds Banking Group top performers on reports that a new bid vehicle will seek to buy British banking assets.
The FTSE 100 .FTSE index was up 90.63 points, or 1.8 percent, at 5,105.45, rising for a third consecutive day. It closed up 49.82 points, or 1 percent, on Wednesday.
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Gold slips below $1,200/oz; safe haven role clipped
Gold fell below $1,200 an ounce on Thursday, nearing recent six-week lows, as growing optimism over the global economy limited investor interest in perceived safe-haven assets, although consumers helped contain losses.
Spill spells more trouble for Florida real estate
Chris Reid was pumped. After suffering through a few years of tight credit and the U.S. housing meltdown, the Pensacola-based realtor was ready to sell some beach-front property. Summer was coming and that is the region's busiest season.
Analysis: How to surf the 3D movie wave?
Investors looking to cash in on the 3D craze take note: rather than betting on a volatile box office, your best bet might be with companies that make watching and screening movies in three dimensions possible.
Oil rises to $75 on equities, U.S. data
Oil rose to around $75 per barrel on Thursday, supported by firmer stock markets, U.S. jobless data and a report showing a fall in crude inventories in the United States, the world's biggest consumer.
U.S. recovering; unemployment, housing are risks: IMF
The International Monetary Fund said on Thursday the U.S. economic recovery has proved stronger than expected but is still vulnerable to high unemployment and a moribund housing market.
IMF says U.S. recovering but sees unemployment, housing risks
High unemployment and a moribund housing market are constraining the U.S. economic recovery, while the public debt looms large on the horizon and needs to be addressed, the International Monetary Fund said on Thursday.
Court fight looms, BP dampens hope of early leak fix
The Obama administration headed to court on Thursday to fight for the moratorium on deepwater drilling it imposed in response to the BP oil spill, while the British oil giant sought to dampen talk it could stop its gushing well this month.
Apartment sector on path to rebound: report
The U.S. apartment vacancy rate in the second quarter fell for the first time in nearly three years, a research report released on Thursday found.
Wells Fargo ends non-prime mortgage biz
Wells Fargo & Co, the fourth-largest U.S. bank by assets, said on Wednesday it is closing more than 600 Wells Fargo Financial offices and will no longer originate non-prime mortgages.
Europe wins some trust for banks in stress tests
European supervisors shored up some confidence in the stress tests they are imposing on banks, as markets focused on finding out more detail about the process before delivering a final verdict.
Jobless claims drop sharply last week
New U.S. claims for unemployment insurance fell more than expected last week, government data showed on Thursday, while the number of people continuing to receive benefits in the final week of June was the lowest in seven months.
Euro, Australian dollar rise amid higher risk demand
The euro hit a two-month high against the dollar on Thursday amid a broad increase in risk appetite after strong Australian data and a larger-than-expected drop in U.S. weekly initial jobless claims.
Wall St climbs on June retail sales and jobs data
Stocks rose on Thursday after several top U.S. retail chains reported better-than-expected sales in June and new claims for jobless benefits fell more than forecast.
Gold buying up near $1200 levels: Jeff Nichols
Gold buying has intensified on the late-June/early July sell offs and capitalising on this fall were the Asian investors, jewelry manufacturers and possibly a few central banks, according to Jeffrey Nichols, Senior Economic Advisor to Rosland Capital.
Wall St rises on data and energy shares
Stocks opened higher on Thursday after several top U.S. retail chains reported better-than-expected sales in June, and new claims for jobless benefits fell more than forecast.
Earnings optimism boosts stocks and euro
World stocks rose on Thursday while the euro hit a two-month peak against the low-yielding dollar on rising expectations the forthcoming earnings season would show strong corporate performance.
Wall St set to rise on retail sales and job claims data
Stocks were set for a higher open on Thursday after several top U.S. retail chains reported better-than-expected sales in June, and new claims for jobless benefits fell more than forecast.
IMF lifts world growth forecast
The International Monetary Fund upgraded its 2010 global growth forecast on Thursday, citing robust expansion in Asia and renewed U.S. private demand, but warned the euro area's debt crisis posed a big risk to recovery.
Oil jumps to around $75 on equities and U.S. data
Oil rose to around $75 per barrel on Thursday, supported by a rally in stock markets and an industry report showing a sharp fall in crude oil inventories in the United States, the world's biggest oil consumer.
Gold steady as consumers offset waning fear factor
Gold held above $1,200 an ounce on Thursday, having recovered from six-week lows after consumers were enticed back into the market, although gains were likely to be tempered by improving optimism over the global economy.
Stock futures flat as June retail sales eyed
U.S. stock index futures were little changed on Thursday after posting their biggest one-day gains in about six weeks and as investors readied for data on jobless claims and retail sales for clues about the direction of the economy.
How Europe will stress-test its banks
In an effort to reassure financial markets about the health of the European Union's banking system, the bloc's countries will stress-test a large number of their banks and publish the results.
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