Asian Stocks Fall On Weak US Data, Global Economic Concerns
Most Asian markets fell Friday due to investor concerns following indications of a faltering U.S. economy and the downgrading of global banks by Moody's Investor Service.
Top After-Market NYSE Movers (Harvest Natural, McEwen Mining, AVX Corp, Ryder System, Main Street Capital, Renren)
The top after-market NYSE gainers Thursday were: Harvest Natural Resources, McEwen Mining, BRF-Brasil Foods, AVX Corp and Parker Drilling. The top after-market NYSE losers were: Ryder System, Associated Estates Realty, Main Street Capital, Renren and Wesco Aircraft Holdings.
Asian Markets Decline On Bank Downgrades, Factory Data
Asian shares fell Friday and the safe-haven dollar hovered near its highest in a week-and-a-half after weak manufacturing data from the United States, Europe and China heightened fears over the outlook for global growth.
Moody's Downgrades 5 Big US Banks, 9 European Banks
Moody's Investors Service downgraded 15 global financial institutions Thursday, including five of the largest U.S. banks, nine major European banks and the Royal Bank of Canada (NYSE: RY), a move that could tighten borrowing and require the companies to post billions of additional collateral.
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China To Lower Standards For Foreign Investors In National Markets
Chinese market regulators announced Thursday they could be easing the rules that currently allow only a small group of foreign banks to invest in the national equity and bond markets, a move that is seen as part of a wider campaign to open the country's financial system to global competition. Whether by design or by coincidence, however, the move also takes a tremendous amount of pressure off the country's central bankers, who are between a rock and a hard place in deciding whether or n......
Manufacturing Woes Spread From Euro Area To China, And Now They Have Reached The US
Manufacturing has been one of the few bright spots of the otherwise frail U.S. economic recovery, but Markit said weaker overseas demand could be starting to slow hiring in the sector. U.S. manufacturing grew in June at the slowest pace in almost a year and hiring in the sector also slowed.
US Existing Home Sales Fall 1.5% In May
U.S. sales of existing homes fell 1.5 percent to an annual rate of 4.55 million units due to low inventory, the National Association of Realtors said Thursday, missing expectations and raising doubts about a housing recovery.
A New Low: US Mortgage Rates Fall To 3.66%
U.S. 30-year fixed-rate mortgages fell to a new record low of 3.66 percent following weak economic indicators, mortgage financier Freddie Mac said Thursday.
US Jobless Claims Fall Slightly, Labor Market Still Weak
First-time claims for jobless benefits in the U.S. fell by 2,000 to a seasonally adjusted 387,000 in the week ended June 16, Labor Department said Thursday, but the overall level still shows a weak labor market.
Pre-Market Movers (Onyx Pharma, QuinStreet, Molycorp, Red Hat, Ampio Pharma, Mechel, Nokia)
Onyx Pharmaceuticals, QuinStreet, Molycorp, EZchip Semiconductor, Red Hat, Ampio Pharmaceuticals, Mechel OAO, Chimera Investment and Nokia Corp. are among the companies whose shares are moving in pre-market trading Thursday.
Didier Drogba In China: Some Immigrants Are Better Than Others
African migrants in China have a life that is light years away from the glamour, adulation and affluence enjoyed by Drogba.
Longtime Rocker Takes On NPR Intern In Generational Clash Over File-Sharing
Paul Simon once crooned: Every generation sends a hero up the pop charts. But the heroes of the latest generation of young music-hungry consumers are finding it difficult to get them to actually buy their work.
US Housing Prices Forecast To Rise In 2012, But Don't Call It A Recovery
U.S. housing prices won't just hit the bottom this year -- they'll rise by 2 percent, according to a report by Capital Economics released this week. But that doesn't mean the market is in great shape.
Asian Stocks Mostly Lower As Fed, China Data Disappoint
Asian stock markets mostly declined Thursday as the Federal Reserve's limited help to bolster the domestic economy disappointed some market participants.
Crude Oil Futures Decline On Moderate Stimulus By Fed, Weak China Data
Crude oil futures declined Thursday, weighed down by an unexpected jump in the U.S. crude supplies and the Federal Reserve's limited help to revive the domestic economy.
US Stock Futures Point To Lower Open Ahead Of Reports On Initial Jobless Claims, Home Sales
U.S. stock index futures point to a lower opening Thursday after the Department of Labor's initial jobless claims report, which showed that more people than expected filed for unemployment benefits, and the National Association of Realtors' report on existing home sales.
European Markets Fall After US Fed Disappoints
European markets fell Thursday as investors were disappointed the U.S. Federal Reserve failed to announce any quantitative easing measures on Wednesday.
Top After-Market NYSE Movers (Skilled Healthcare, Oriental Financial, Kindred Healthcare, Red Hat, VMware, hhgregg)
The top after-market NYSE gainers Wednesday were: Skilled Healthcare, VOC Energy, Oriental Financial Group, Alon USA Energy and Kindred Healthcare. The top after-market NYSE losers were: Red Hat, Main Street Capital, Vmware, Apartment Investment & Management and hhgregg.
Asian Stocks Fall On Fed?s Moderate Stimulus Measure, Weak China Data
Most Asian markets fell Thursday as investors felt let down by the U.S. Federal Reserve, which did not announce a further round of quantitative easing.
Asian Shares Slip, Commodities Down After Fed Action
Asian stocks struggled and commodities fell broadly on Thursday after the Federal Reserve ramped up monetary stimulus by expanding Operation Twist, but disappointed some investors who had been hoping for more aggressive measures.
PayPal?s Thiel Opens Third Venture Capital Firm
Peter Thiel, a director of Facebook (Nasdaq: FB), the No. 1 social networking site as well as co-founder of PayPal, announced his third venture capital firm, Mithril Capital Management.
LANDesk Buys Wavelink For Mobile Enterprise Push
LANDesk Software, the venerable desktop management software developer, said it had acquired private Wavelink to extend its reach into mobile platforms like smartphones and tablets.
Air India Crisis Worsens As 30 Executive Pilots Report Sick Due To Fatigue
Air India's contingency plan was disrupted Tuesday after 30 of its 120 executive pilots, deployed by the national carrier to run its international flying operations in the wake of the pilots' strike, reported sick, reports said Wednesday.
US Gas Prices Plunge In Time For Independence Day Travel
There?s a silver lining to the bearish global economic news ? a slide in crude oil prices: U.S. gasoline prices fell from their April peak, which will likely prompt more Americans to hit the road for the Independence Day holiday.
Pre-Market Movers (Biosante Pharmaceuticals, Tesla Motors, Barclays, Bank of America, Adobe Systems Incorporated, Michael Kors Holdings, Procter & Gamble)
Biosante Pharmaceuticals Inc., Tesla Motors Inc., Barclays PLC, Bank of America Corp., Adobe Systems Inc., Michael Kors Holdings Ltd and Procter & Gamble Co. are among the companies whose shares moved in pre-market trading Wednesday.
South Korean Cab Drivers Go On First National Strike Demanding Higher Fares, Cheaper Fuel
Hundreds of thousands of South Korean cab drivers began their first nationwide strike Wednesday, demanding higher fares and cheaper fuel, prompting the authorities to run additional bus and subway services.
US Stock Futures Mixed On Expectation 'Operation Twist' Will Be Extended
U.S. stock index futures point to a mixed opening Wednesday ahead of economists' expectations that the Fed will announce an extension of its 'Operation Twist' monetary policy designed to boost the economy.
European Markets Fall Ahead Of US Fed Monetary Policy Decision
European markets fell Wednesday as investors remained watchful ahead of the U.S. Federal Reserve's announcement of the monetary policy decision.
Asian Stocks Up On Stimulus Hopes
Asian stock markets advanced Wednesday on expectations that the major central banks around the world would announce further stimulus measures to spur economic growth.
European Social Fund Brings New Chance to Life, Living Decently
During these difficult times, extreme measures are needed to keep afloat. Second chances are seems hard to come by especially in terms of employment.
Crude Oil Futures Hover Above $84 Ahead Of Fed Meeting
Crude oil futures hovered above $84 a barrel Wednesday amid expectations that the U.S. Federal Reserve may announce additional stimulus measures to spur economic growth.
Top Post-Market Nasdaq Movers (Idenix, Mitel, Gevo, Sonus, Medical Action, FSI, Adobe, Farmers Capital Bank, Hawaiian Holdings, Kulicke, Soffa)
The top after-market Nasdaq gainers Tuesday were Idenix Pharmaceuticals Inc, Mitel Networks Corporation, Gevo Inc, Sonus Networks Inc and Medical Action Industries Inc. The top after-market Nasdaq losers were: FSI International, Inc, Adobe Systems Incorporated, Farmers Capital Bank Corporation, Hawaiian Holdings Inc and Kulicke and Soffa Industries Inc.
Top After-Market NYSE Movers (La-Z-Boy, Actuant, Choice Hotels, Jabil Circuit, Chimera Investment, Sunstone, Gerdau)
The top after-market NYSE gainers Tuesday were: La-Z-Boy, Choice Hotels International, Actuant Corp, Jabil Circuit and Helmerich & Payne. The top after-market NYSE losers were: Chimera Investment, Sunstone Hotel Investors, Gerdau, Scorpio Tankers and Qihoo 360 Technology.
Asian Stocks Rise Amid Speculation On Fed Stimulus Measure
Asian markets rose Wednesday amid speculation that the U.S. Fed will announce monetary easing measures to rejuvenate the economy.
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