ECONOMY & MARKETS

US Traders

US stocks decline; Cisco shares plunge 16 pct

U.S. stocks declined in early trade on Thursday with tech stocks particularly remaining weak as weaker-than-expected sales and revenue forecast from Cisco Systems weighed on the sentiment.

MetLife to stop selling Long-Term Care Insurance

Statue stands atop Grand Central Station in front of the MetLife building in New York
MetLife Inc., the largest life insurer in the U.S., said it plans to discontinue the sale of new Long-Term Care Insurance (LTCI) coverage next year, citing ongoing financial challenges facing the LTCI industry.

Oil prices touch 25-month high on US data

U.S major Chevron Corp's Kuito oilfield in Angola
Oil rallied to its highest in more than two years on Thursday on reports that major oil consumers may use more of it next year. Oil rose despite a strong dollar on the day, which analysts largely attributed to the latest demand-supply equations of the commodity.
More news
Traders work on the floor of the New York Stock Exchange

US futures decline on Cisco outlook

Futures on major U.S. indices point to a lower opening on Thursday as weaker-than-expected sales and revenue forecast from Cisco Systems weighed on the sentiment.
Poor people in Thailand save more than rich

Poor in Thailand are good in savings

A new research study provided insights into how the poor people in four Thailand provinces increased their net worth and pull out of poverty. Poor people in developing countries who used their existing assets most productively were more successful at pulling themselves out of poverty.
Traders work on the floor of the New York Stock Exchange

US futures decline, Cisco plunges in premarket

Futures on major U.S. indices point to a lower opening on Thursday. Futures on the S&P 500 are down 0.38 percent, futures on the Dow Jones Industrial Average are down 0.27 percent and Nasdaq100 futures are down 0.66 percent.
IBTimes Logo

3i posts interim profit, NAV rises 15 pct

British private equity firm 3i Group Plc reported a profit and a rise in net asset value for the first half, and it lifted its interim dividend by 20 percent to 1.2 pence.
Bombay Stock Exchange

BSE Sensex down 0.14 pct on early trade

Indian equity markets are trading lower by 29.17 points or 0.14 percent on Thursday with consumer durables, metal, healthcare and auto sectoral indices are in the gaining side and telecom, IT and realty sectoral indices are in the negative side.
New York City cab driver fills his taxi up with gas at Hess station in New York

QE2 inflates commodities, threatens 70s-styled malaise

QE2 is a rising tide that lifts all boats. The boats, in this case, refers to asset prices. Unfortunately, some asset rallies, particularly those in consumer and industrial commodities, are bad for the real economy,
IBTimes Logo

Odds stacked against peripheral Europe

Peripheral Europe faces waning public demand because of austerity measures, conditions that make exports difficult, and a banking sector that has not recovered well from the financial crisis. All this comes at a time when recovery is still fragile and the risks of a double-dip recession are real.
Huang Rixin, 78-year-old retired Chindese electronics engineer

China's aging population and its implications

China will have an aging population problem comparable to that of Japan and Western Europe in 30 years or so with perhaps important implications for elderly care and manufacturing.
A 'For Sale' sign is seen in front of an apartment building in Melbourne

Australia's real estate bubble

Australia's real estate market emerged relatively unscathed from the global financial crisis. But that doesn't meant there isn't a bubble, said Morgan Stanley's Gerard Minack.
Senior scientist Murat looks at DNA fingerprints of truffles at a laboratory of the INRA in Champenoux near Nancy

News galore at gene sequencing firms

Gene sequencing industry is getting hotter each day as many start-ups are going public and also many smaller firms are getting acquired by larger players.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.