UNITED STATES

Without tax credit, home demand keeps slumping

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Home buying applications sank for a fifth straight week to a fresh 13-year low, the Mortgage Bankers Association said on Wednesday, suggesting that tax credits had robbed more from future sales than expected.

Goldman's Cohen sticks with stocks

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The United States is not facing a double-dip recession, and with inflation low conditions are setting up for equities in general to do well, Goldman Sachs' senior U.S. investment strategist Abby Joseph Cohen said on Wednesday.
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BP shares drop as dividend cut seen more likely

Shares in BP fell 6 percent on Wednesday as investors saw it increasingly likely the oil major would suspend dividend payments, under U.S. political pressure due to its oil spill in the Gulf of Mexico.
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Interview with James Turk from GoldMoney.com

IBTimes had an interview with James Turk, Founder & Chairman of GoldMoney.com. Who is your target audience? We have around 15,000 clients all over the world, and they share one common aim. They want to protect their wealth from the turmoil of national currencies and the uncertainty surrounding the ongoing financial crisis. So they want to own gold and find GoldMoney a convenient, economical and most importantly, a safe way of doing that. There is over $1 billion of customer assets in GoldMoney...
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Santander turns to Mexico to keep expanding

Spain's Santander shrugged off concerns of a debt crisis at home and showed its overseas expansion ambitions are still intact with the buyout of its Mexican division for $2.5 billion.
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IBTimes Interview with James Turk from GoldMoney.com

IBTimes had an interview with James Turk, Founder & Chairman of GoldMoney.com. Who is your target audience? We have around 15,000 clients all over the world, and they share one common aim. They want to protect their wealth from the turmoil of national currencies and the uncertainty surrounding the ongoing financial crisis. So they want to own gold and find GoldMoney a convenient, economical and most importantly, a safe way of doing that. There is over $1 billion of customer assets in GoldMoney...
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Wall St set to open higher after China data

Wall Street was set for a higher open on Wednesday as Wall Street looked to build on gains in the prior session after unofficial data showed Chinese exports topped expectations, easing global recovery concerns.
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Stock futures rise after China data, Tuesday climb

Stock index futures rose on Wednesday as Wall Street looked to build on gains in the previous session after unofficial data showed Chinese exports blew past expectations, easing concerns about a global recovery.
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Stock futures higher after China data

Stock index futures were higher on Wednesday as Wall Street looked to build on gains in the previous session after unofficial data showed Chinese exports blew past expectations, easing concerns about a global recovery.
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India gold demand dries on historic high prices

Gold prices have surged to the record highs on the Indian commexes hitting Rs.19,198 per ten grams on Multi-Commodity Exchange (MCX) on Tuesday. However, owing to the profit bookings at the upper levels, prices remained weak on Wednesday trading between Rs.18900 to Rs.18999 per ten grams on MCX.
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Stock futures mixed; Texas Instruments eyed

Stock index futures pointed to a mixed open on Wall Street on Wednesday, with futures for the S&P 500 down 0.39 percent, Dow Jones futures up 0.26 percent and Nasdaq 100 futures down 0.36 percent at 0945 GMT.
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Euro zone crisis could hit Asia: IMF's Shinohara

Europe's debt crisis could disrupt global trade, hurting demand for Asian exports and sending hot money into the region if policymakers fail to act swiftly and appropriately, a top IMF official said on Wednesday.
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Global shares gain on China export rise

European shares pushed higher on Wednesday, tracking gains in most Asian equity markets, as news of strong Chinese exports sparked a tentative return of risk appetite while the euro stabilized on options demand.
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Crude Rises but Not Sustainable. EIA Revised Down Oil Demand Forecasts

As driven by a late-rally in the Wall Street, WTI crude oil price ended the day with small gains. After market close, API's report showing a dip in crude inventory boosted the market further. However, we doubt if the strength can sustain as sovereign crisis in the Eurozone has shown intensified signs of contagion. Gold price retreated after hitting a new record at 1254.5. Yet, outlook is still bullish for the yellow metal as long as worries over deficits problems persist and uncertainty over glo...
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Most Asian stocks recover on China export surge

Most Asian stock markets clawed back early losses on Wednesday and the euro stabilized as news of stronger-than-expected exports from China offset worries that Europe's debt problems will stifle demand for Asian goods.
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Sprint says it overstated EVO launch day sales

Sprint Nextel Corp said on Tuesday it had inadvertently overstated the launch day sales of the much anticipated EVO 4G phone from HTC Corp, which is touted as a serious competitor to Apple's iPhone 4.

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