The Aussie gained ground ahead of yesterdays Australian Retail Sales data release pressing against 0.9290 only moments before the announcement. With consumer spending during the month of October coming in right on markets expectations of a 0.3% increase the reaction was relatively subdued and the AUD continued to hover around this level. During Afternoon Asian trade however demand re-emerged to push it above the 93 cent mark with offshore markets continuing the theme. Resistance ahead of 0.9320 ...
Federal Reserve Chairman Ben Bernanke, making his case for a second term, defended his record on Thursday before a skeptical Senate that criticized the central bank for failing to prevent the financial crisis.
An index of the U.S. services sector shrank in November to its lowest since July, according to a report released on Thursday that shocked economists who had forecast a recovery from recession was picking up steam.
Bank of America Corp will sell the securities it will use to help repay $45 billion in government bailout funds Thursday evening, its chief financial officer said.
U.S. stocks fell on Thursday after the vast U.S. services sector unexpectedly shrank in November and as nervousness rose a day before the monthly payrolls data.
Federal Reserve Chairman Ben Bernanke on Thursday rejected the idea that low U.S. interest rates were helping to fuel speculation overseas and potentially inflating dangerous new asset bubbles.
The Dow and the S&P 500 dropped to session lows on Thursday as financial shares fell sharply heading into the market's close.
Federal Reserve Chairman Ben Bernanke, making his case for a second term, defended his record on Thursday before a skeptical Senate that criticized the central bank for failing to prevent the financial crisis.
Tentative last safe date to get your Bernankes traded for something of intrinsic value is the end of the first quarter, 2010. Well...you you could just take my word for it and save both of us some valuable time, but you probably want enough details to know how I made this dizzying leap a couple of weeks ago. My landing spot has been confirmed to my satisfaction by what Chris Dodd is up to.
Sales from services in the U.S. fell for the first time in two months, according results of a survey of business executives from the Institute for Supply Management.
Exactly eight years after Enron Corp filed for bankruptcy protection, a federal judge has dismissed a lawsuit by investors against banks they accused of helping the energy company commit fraud.
The dollar is slightly lower against the majors in the Thursday session, drifting past the 1.51-handle versus the euro and around 0.93 against the Australian dollar. Weekly jobless claims, released earlier today was slightly better than expected, drifting lower to 457k from 466k a week earlier and besting estimates for an increase to 480k.
The Dow and the S&P 500 inched lower on Thursday as optimism about Bank of America's plan to repay $45 billion of government bailout money was offset by data showing the vast U.S. services sector contracted in November, which increased concerns about the recovery's strength.
Federal Reserve Chairman Ben Bernanke on Thursday defended his record at the helm of the U.S. central bank before a skeptical Senate that is considering stripping the institution of its regulatory powers.
U.S. mortgage rates dropped to a record low in the latest week, as rates fell for a fifth straight week, a closely watched mortgage survey showed Thursday.
The top U.S. securities regulator pushed on Thursday to reform mutual fund fees that traditionally used to stimulate fund growth and help cut shareholder expenses.
Bank of America Corp will sell the securities it will use to help repay $45 billion in government bailout funds Thursday evening, based on extraordinary interest, its chief financial officer said.
Federal Reserve Chairman Ben Bernanke on Thursday defended his record at the helm of the U.S. central bank before a skeptical Senate that is considering stripping the institution of its regulatory powers.
The U.S. services sector contracted in November, with an index measuring activity falling to its lowest reading since July, according to a report released on Thursday that was a shock to economists forecasting the economic recovery was gathering pace.
The U.S. services sector unexpectedly contracted in November, with an index measuring activity falling to its lowest reading since July, according to an industry report released on Thursday.
Stocks were little changed on Thursday as data showing that the vast U.S. services sector contracted in November stoked concerns about the strength of the recovery, offsetting Bank of America's plan to repay $45 billion of government aid.
U.S. computer maker Dell expects a moderately good holiday season and increased consumer and commercial demand next year, the company's chief financial officer said on Wednesday.
Hon Hai Precision, Taiwan's largest electronics parts maker, has signed a deal to buy Dell's factory in Poland to produce desktop computers, servers and other storage devices.
Canada's Absolute Software Corp said it acquired LANrev security software product suite from Germany's Pole Position Software GmbH for about $14.6 million in cash and stock, to strengthen its position in the asset management and data protection markets.
Federal Reserve Chairman Ben Bernanke on Thursday defended his record at the helm of the U.S. central bank before a skeptical Senate that is considering stripping the institution of its regulatory powers.
Bank of America Corp will sell the securities it will use to help repay $45 billion in government bailout funds Thursday evening, based on extraordinary interest, its chief financial officer said.
Treasury Secretary Timothy Geithner on Thursday said the Federal Reserve must play a central supervisory function in ensuring the stability of the U.S. financial system.
U.S. stocks lost ground on Thursday after data showing the U.S. services sector shrank unexpectedly in November offset Bank of America's plans to repay $45 billion in taxpayer bailout funds.
The European Central Bank will start to unwind its crisis support for the euro zone economy this month but made clear on Thursday these moves are not meant to signal a coming rise in benchmark interest rates.
Federal Reserve Chairman Ben Bernanke, making a case for a second term on Thursday, offered a forceful defense of the U.S. central bank's crisis-battling efforts, which he said prevented an even greater calamity.
