The Australian Dollar opens lower today at 0.9130 after a stronger than expected jobs report on Friday night bolstered the greenback. The U.S. Labour Department report showed that 11,000 jobs were shed in November, far less than the 125,000 expected by financial markets, pushing the unemployment rate back down to 10 per cent. The Aussie once again ran into strong resistance just beneath the US93 cent mark before falling quite sharply on the U.S. employment news hitting an overnight low of 0.9107...
The U.S. dollar faces crosswinds as some of the extraordinary market developments that fueled the currency's sharp appreciation in the second half of 2008 fade or even reverse, the Bank for International Settlements said.
Americans face the seemingly intractable dilemma of having to reduce their levels of debt but not so rapidly as to derail a nascent economic recovery.
Rock-bottom interest rates are luring banks into taking risky bets and central banks should be alert to the negative effects of loose monetary policy on financial stability, a high-profile study showed.
Oman's top banks said on Sunday they had a total exposure of $77 million to troubled conglomerate Dubai World , sending shares of most lenders down nearly 6 percent.
If the bulls have their way, Wall Street's rally will keep going this week on signs of stability in the labor market. But concerns about penny-pinching consumers during the holiday shopping season and the specter of higher interest rates may be a hurdle to jump.
Countries with mounting public debt jeopardize the sustainability of their economic recovery from the global financial crisis over the next several years, the OECD's new chief economist said in a interview in an Italian newspaper.
Japan's government plans to guarantee about 700 billion yen ($7.7 billion) in loans and other funds provided by financial institutions to keep Japan Airlines Corp. afloat, the Nikkei business daily reported.
More than one-quarter of homeowners receiving help under a U.S. government foreclosure prevention plan are behind on their new mortgage payments, a Treasury Department survey has found.
U.S. security regulators are investigating possible ties between a former chief executive of California pension fund Calpers and a former Calpers board member, and a financier who has pleaded guilty in a New York pension fund corruption case, The Sacramento Bee said on Saturday, citing court documents.
If the bulls have their way, Wall Street's rally will keep going next week on signs of stability in the labor market. But concerns about penny-pinching consumers during the holiday shopping season and the specter of higher interest rates may be a hurdle to jump.
Regulators seized six more U.S. banks on Friday, bringing the tally of failures to 130 this year as the bank industry continues to suffer under the weight of deteriorating loans.
Apple Inc is in early talks to acquire digital music service Lala, according to a person with knowledge of the matter.
U.S. Treasury Secretary Timothy Geithner said on Friday that not even the largest banks could have survived without government intervention last year.
The Obama administration can shift substantial resources from bank bailouts to job creation and will soon spell out the case for doing so, Treasury Secretary Timothy Geithner said on Friday.
U.S. employers cut far fewer jobs than expected last month in the best showing for the labor market since the recession began, lifting the beleaguered U.S. dollar as investors bet a sustainable recovery was building.
U.S. stocks advanced on Friday as data showed the economy shed far fewer jobs than expected last month, brightening the outlook for the economy and profits.
The Dow dipped and the S&P 500 clung to a tiny gain on Friday as investors wrestled with the prospect that the Federal Reserve might have to raise interest rates after data showed the economy shed far fewer jobs than expected last month.
Oil prices fell nearly $1 to below $76 a barrel on Friday, pressured by a stronger dollar which outweighed better-than-expected U.S. jobs data.
The dollar jumped against major currencies on Friday after data showed the United States lost far fewer jobs than expected last month, bolstering hopes the economy is on a stable path to recovery.
Sony will surpass $2 billion in international box office during the coming weekend as the studio marks its biggest worldwide haul ever at $3.36 billion and counting.
U.S. stocks rose on Friday as investors believed that data showing the economy shed far fewer jobs than expected last month has brightened the profit outlook.
Federal investigators suspected a decade ago that Galleon Group hedge fund founder Raj Rajaratnam was trading on inside information but were unable to prove he was breaking the law.
Stocks held moderate gains, but retreated from session highs at midday on Friday as investors wrestled with the prospect that the Federal Reserve might have to raise interest rates after data showed the economy shed far fewer jobs than expected last month.
Yum Brands Inc, the parent of the KFC, Taco Bell and Pizza Hut fast-food chains, forecast fourth-quarter sales at established restaurants that were below some analysts' estimates, and its shares fell 4.3 percent.
CHICAGO (Reuters) - U.S. airline stocks surged on Friday on a stronger-than-expected U.S. jobs report that could signal an economic rebound and subsequently spur passenger traffic.
Financial stocks are still top bets among some of the largest hedge funds, which continued piling into big banks like JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N) in the third quarter.
There were 115,502 U.S. bankruptcy petitions in November, down 13 percent from October but up 26 percent from a year earlier, according to data compiled from court filings by Automated Access to Court Electronic Records, which is part of Jupiter eSources LLC in Oklahoma City.
U.S. stocks retreated on Friday as a stronger U.S. dollar weighed on commodity prices, overshadowing an earlier boost from a better-than-expected jobs report.
Eastman Kodak Co said Friday it will sell its business that developed super-thin OLED screen technology to LG Electronics Inc and said the companies will share patents, ending a long-standing dispute.
