Stocks edged lower on Monday after five straight days of gains for the S&P 500 as broker comments knocked consumer staples and investors braced for the start of earnings season.
China's recent moves to tighten control of its online and mobile content industries have brought some uncertainty into the market but may not have a major immediate impact on the sector's biggest players.
Most banks have increased basic salaries and cut bonuses for executives in response to calls for leaner compensation packages after the financial crisis, according to a survey by consultancy Mercer.
Saudi billionaire Prince Alwaleed bin Talal, head of Kingdom Holding and a shareholder in Citigroup , said the U.S. bank had put the worst behind it and would post a profit this year and next.
U.S. Federal Reserve monetary policy is unlikely to be pushed off course by December's surprising job losses, a senior Fed official said on Monday.
Stock index futures rose on Monday as China's stronger trade figures stoked optimism in the global recovery and as investors anticipated a profitable earnings report from Alcoa Inc .
The pace of growth of China's online gaming industry slowed in 2009, growing 30.2 percent to 27.1 billion yuan ($3.97 billion) over the previous year, according to data from research firm iResearch.
Stock index futures rose on Monday as China's stronger trade figures stoked optimism in the global recovery and as investors anticipated a profitable earnings report from Alcoa Inc .
Heineken NV will buy the beer business of Mexico's FEMSA in a $7.9 billion deal that boosts the Dutch brewer's emerging-market presence and cements an alliance with Latin America's biggest drinks firm.
Saudi billionaire Prince Alwaleed bin Talal, head of Kingdom Holding and shareholder in Citigroup , said the U.S. bank had put the worst behind it and was now on the right path.
Stock index futures rose on Monday after China's strong import figures stoked optimism about world economic recovery as investors awaited earnings from Alcoa Inc , which traditionally marks the kickoff of the U.S. quarterly earnings season.
Saudi billionaire Prince Alwaleed bin Talal, head of Kingdom Holding and shareholder in Citigroup , said the U.S. bank had put the worst behind it and was now on the right path.
Chinese bank lending surged in the first week of 2010, industry sources said on Monday, adding to the concerns fueled by blockbuster trade data for December that the world's third-largest economy is overheating.
A state-backed fund crafting a restructuring plan for Japan Airlines is leaning toward a delisting of the carrier after it files for bankruptcy, a source with knowledge of the matter said.
U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.52 percent, Dow Jones futures up 0.49 percent and Nasdaq 100 futures up 0.45 percent at 4.15 a.m. EST.
Chinese bank lending surged in the first week of 2010, a state newspaper reported on Monday, adding to the concerns fueled by blockbuster trade data for December that the world's third-largest economy is overheating.
Formula One supremo Bernie Ecclestone and investment company Genii Capital will soon have initial financing to show GM they can fund a purchase of carmaker Saab, daily Dagens Industri wrote on Monday.
Asian stocks hit a 17-month high on Monday as a strong rebound in China's exports raised investor optimism about Asia's economies while the dollar suffered its biggest loss in six weeks after poor U.S. jobs data.
Federal Reserve monetary policy is unlikely to pushed off course by December's surprising job losses, a senior Fed official said on Monday.
Asian stocks rose to a 17-month high on Monday as a strong rebound in China's exports raised optimism about the region's economic outlook as the dollar suffered following weak U.S. jobs data.
Chinese banks made about 600 billion yuan ($88 billion) in new loans in the first week of 2010, the Economic Information Daily reported on Monday.
Chinese property developer Shanghai Forte Land Co Ltd is in talks to buy a high-end residential property in Shanghai from Goldman Sachs in a deal worth more than $200 million, two people familiar with the situation said.
Goldman Sachs Group Inc may expand a program that would require executives to give a part of their pay to charity, as it looks to cool public anger over compensation, the New York Times reported on Sunday.
A senior Federal Reserve official said on Sunday that while unemployment remains high, the pace of job loss has slowed and the main challenge for policy makers will be to adjust extensive securities purchases.
The U.S. dollar fell on Monday, extending losses after posting its biggest loss in six weeks after U.S. jobs data disappointed, while the Australian dollar soared on the back of strong export numbers from China.
Venezuela's devaluation of its currency will further complicate its troubled commercial relationship with neighboring Colombia, where the economy is already suffering from a breakdown in cross-border trade.
Growth in China's exports and imports last month blew past expectations, providing fresh evidence of the vigor of the economy and strengthening the case for Beijing to let the yuan start climbing again.
China will extend active fiscal policies aimed at countering the global economic slowdown into 2010, the nation's finance minister said, warning that departing too early from those policies could damage the economy.
The Australian Dollar opens higher on Monday at 0.9260 after U.S. non-farm payrolls came in weaker than expected sparking a sell-off in the greenback.
U.S. stocks could be in for a bumpy ride this week as three Dow components kick off the quarterly earnings reporting season, with investors clamoring for reassurances on future profits.
