The Reserve Bank of India has eased overseas borrowing rules for local corporate by raising the ceiling for the interest that firms can pay for borrowing abroad.
New orders for a range of long-lasting U.S. manufactured goods unexpectedly rose in October, but sharp downward revisions to the prior month's data and weak spending plans by businesses suggested manufacturing was taking a breather.
The top pre-market NASDAQ Stock Market gainers are: Yahoo, ASML Holding, Brigham Exploration, and First Solar. The top pre-market NASDAQ Stock Market losers are: Diamond Foods, Rambus, Netflix, Groupon, Central European Distribution, and Micron Technology.
Jefferies downgraded its rating on shares of Logica Plc (London Stock Exchange: LOG) to underperform from hold and lowered its price target to 60 pence from 85 pence.
Stock index futures pointed to a weaker open for equities on Wall Street on Thursday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.5 to 0.8 percent.
World stocks hit their lowest in six weeks on Wednesday and crude prices fell after and manufacturing in regional heavyweight Germany contracted for a second straight month in November, and at a faster rate, as export demand slumped.
The top after-market NASDAQ Stock Market gainers are: TiVo, Novellus Systems, Casual Male Retail Group, Canadian Solar, and Applied Materials. The top after-market NASDAQ Stock Market losers are: Diamond Foods, Netlist, Gulfport Energy, Sangamo Biosciences, and Expedia.
The collapse in Netflix's valuation is part of a wider wave of grievous losses being felt by shares of companies focused on virtual commerce. After riding a surge of investor enthusiasm to valuation peaks in mid-summer,companies like Netflix and Travelzoo had nowhere to go but down. Short-sellers, chomping at the bit to make bets against the stocks' heady fundamentals, are not exactly helping.
South Africa's state-owned oil company PetroSA said on Tuesday it has received environmental authorisation for its 400,000 barrels-per-day refinery project at the industrial port of Coega.
AngloGold Ashanti, the world's third-largest gold producer, said on Tuesday it expects capital expenditure to double to $1.5 billion dollars by 2013.
Mozambique plans to expand the Quelimane port in the country's Zambezia central province to be able to handle 20 million tonnes of coal per year to meet fast-rising demand from producers setting up in the country, an official said on Tuesday.
Johannesburg stocks rose nearly 1 percent on Tuesday, as investors returned to resource heavyweights African Rainbow Minerals, BHP Billiton and other shares that have been battered down in a recent sharp sell off.
The board of Brazil's Vale has approved a $6 billion expansion of its Moatize coal project in Mozambique to lift output to 22 million tonnes per year from the 11 million tonnes it expects to mine initially, a company official said.
Intel's (INTC) stock has broken out of a four-month range-trading pattern to trade at/near $23.50. Is there more upside ahead with Intel?
Canadian stocks looked set to open slightly higher on Tuesday, in line with stronger commodity prices, though there were signs the respite from worries over U.S. and European government debt could be temporary.
Year-to-date, company shares have plunged about 93 percent.
Wedbush Securities believes Netflix Inc.'s (NASDAQ: NFLX) $400-million concurrent common stock and convertible notes financing were motivated by the company's deteriorating business performance, which in turn triggered liquidity concerns.
The top pre-market NASDAQ Stock Market gainers are: Focus Media Holding, BSD Medical, Brocade Communications Systems, NVIDIA, and E*TRADE Financial. The top pre-market NASDAQ Stock Market losers are: Netflix, Randgold Resources, ASML Holding, Amazon.com, and Shire.
Gold demand in India was subdued on Tuesday as a weakening rupee kept buyers at bay, further deterred by a rebound in local prices due to gains in overseas markets.
The fight for the 2012 tax season has begun among the companies who provide tax services -- H&R Block Inc. (NYSE: HRB) and Intuit Inc. (INTU).
Stock markets put in gains Tuesday after a heavy session of losses the previous day, though the respite from worries over U.S. and European government debt looked only temporary.
Monetary action may still be warranted from the Reserve Bank of India, RBI, to anchor inflation expectations in face of sustained high food inflation.
Stock index futures pointed to a mixed open on Wall Street on Tuesday following the previous session's sharp losses, with futures for the S&P 500 up 0.49 percent, Dow Jones futures up 0.21 percent and Nasdaq 100 futures down 0.17 percent at 0831 GMT.
The top after-market NYSE gainers are: ING Group, Zale Corp, Acco Brands, Dycom and E-House. The top after-market NYSE losers are: Jinko Solar, Collective Brands, Trina Solar, Republic Services and Accretive Health.
The top after-market NASDAQ Stock Market gainers are: Move, LoJack, Brocade Communications Systems, United Community Banks, and AsiaInfo-Linkage. The top after-market NASDAQ Stock Market losers are: Cninsure, Perfect World, Newport, hiSoft Technology International, and Immunogen.
Asian shares edged down Tuesday as fears about the ability of politicians on either side of the Atlantic to tackle huge debt burdens sapped investors' confidence in the outlook for Western economies.
Since 1980, the wage gap in America has widened in a phenomenon known as “job polarization,” stated economists Jaison R. Abel and Richard Deitz of the New York Federal Reserve in a blog posting.
South Africa's rand fell 1.7 percent against the dollar on Monday and was seen vulnerable to further weakness that could take it to this year's low at 8.4950.
South African stocks posted their biggest one-day drop in seven weeks on Monday, tumbling 2.5 percent as concerns about debt burdens in the United States and Europe sparked a sell-off in resources firms and others sensitive to global growth.
More than $1.2 billion is missing from MF Global's customer accounts, possibly more than twice as much as originally calculated. The amount of assets, likely stolen by the broker-dealer in a last-minute bid to survive, could continue to grow, some suggest.
