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Aware of policy risks, Fed sees firmer U.S. growth

Federal Reserve officials are increasingly confident the U.S. economic recovery will be durable, but do not see employment or inflation picking up soon, minutes from their November meeting showed.

Stocks dip on revised GDP; Fed's view curbs loss

U.S. stocks fell on Tuesday on lackluster economic data in a session marked by low volume and choppy trading, but losses eased after the Federal Reserve raised its expectations for growth in 2010.

Daily Forecast - 25/11/2009

The Australian Dollar opens lower today against the greenback at 0.9202. The risk appetite that buoyed the Aussie on Monday night evaporated yesterday after news emerged from China that it's banking regulator issued a stern warning to banks regarding strict adherence to capital requirements or face sanctions.

Fed sanguine about U.S. recovery, worried on jobs

Federal Reserve officials are increasingly confident in a durable recovery for the U.S. economy, even though they do not see employment picking up soon, according to minutes from their November meeting released on Tuesday.

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Fed pleased with U.S. growth, leery of policy risks

Federal Reserve officials are increasingly confident the U.S. economic recovery is sustainable, but they do not see employment picking up soon, according to minutes from their November meeting released on Tuesday.

Fed asks U.S. banks to submit TARP repayment plans

The U.S. Federal Reserve this month asked banks that were part of its stress tests to submit plans to repay government money, if they have not already repaid it, a person familiar with the situation said on Tuesday.

EU drops antitrust case against Qualcomm

The European Commission closed antitrust proceedings against Qualcomm as big technology companies dropped their four-year old complaints against the U.S. mobile chip supplier.

Wall St weighed by GDP, home prices data

U.S. stocks fell on Tuesday, a day after the Dow hit a 13-month high, after data showed the economy grew in the third quarter, but at a slower rate than expected.

U.S. Q3 economic growth revised down, house prices up

The U.S. economy grew more slowly than first thought in the third quarter, but a fifth month of gains in house prices in September and an improvement in consumer morale signaled the anemic recovery was intact.

U.S. consumer confidence edges higher in November

U.S. consumer confidence edged higher in November after an unexpected drop in October, with less consumers expressing doubt about the a worsening jobs market, according to a report released on Tuesday.

Vimpelcom to spend more in 2010 as crisis fades

Vimpelcom, Russia's No.2 mobile phone operator, reported a 107.5 percent rise in third quarter net profit as the rouble firmed versus the same period of 2008 when it suffered a massive foreign exchange loss.

Telkom's mobile plan suicidal, analyst says

South Africa's fixed-line phone group Telkom's plan to launch a new mobile phone business next year is not expected to boost profit significantly, an analyst said on Tuesday.

FDIC fund falls into the red, Bair urges lending

The fund used to safeguard U.S. bank deposits dropped to a negative balance of $8.2 billion in the third quarter, the first shortfall since 1992, the Federal Deposit Insurance Corp said on Tuesday.

Nokia to cut 220 R&D jobs in Japan

Finnish mobile phone maker Nokia Oyj said on Tuesday it planned to cut 220 research and development jobs in Japan as it focused on launching fewer, but more iconic, phones.

Medtronic earnings top estimates; raises outlook

Medtronic Inc posted quarterly profit and sales ahead of analyst estimates on demand for its devices that protect against irregular heart rhythms.

Rajaratnam gives detailed denial of insider charges

Galleon Group hedge fund founder Raj Rajaratnam, accused in one of the biggest insider trading cases ever, on Tuesday gave a detailed denial of the charges and said government wiretaps violated his constitutional rights.

Home prices notch 5th straight gain but pace slows

U.S. home prices rose for the fifth straight month and posted the second quarterly increase, but the pace of appreciation in September slowed and was less than expected, according to Standard & Poor's/Case-Shiller indexes on Tuesday.

U.S. home prices up for 5th month, 2nd straight quarter

Galleon's Rajaratnam denies insider-trading charges

Raj Rajaratnam, the billionaire founder of hedge fund firm Galleon Group, denied federal insider trading charges and accused the government of violating his constitutional rights with its use of wiretaps.

Futures point to flat open after Case-Shiller data

U.S. stock index futures pointed to a flat open on Tuesday after data showed home prices rose for the fifth straight month in September, but the growth was less than expected.

U.S. home prices up 5th month, 2nd straight quarter

Imports restrain U.S. growth in Q3

The U.S. economy grew more slowly than initially thought in the third quarter, held back by strong imports and weak investment in nonresidential structures, hinting at a lackluster recovery.

European shares turn negative after US GDP data

European shares turned negative in afternoon trading on Tuesday after U.S. GDP data showed the economy grew more slowly than initially thought in the third quarter.

US STOCKS-Futures little changed after GDP data

U.S. stock index futures pointed to a flat open on Tuesday after data showed the U.S. economy grew in the third quarter, but at a slower-than-expected pace.

U.S. GDP growth revised down to 2.8 percent

The U.S. economy grew more slowly than initially thought in the third quarter, held back by strong imports and weak investment in nonresidential structures, according to data on Tuesday that hinted at a lackluster recovery.

Employees in recession are eyeing your top secrets

Almost half the financial sector workers in London and New York say they would take sensitive company information with them if they were fired, according to a new transatlantic survey.

Futures little changed after GDP data

U.S. stock index futures pointed to a flat open on Tuesday after data showed the U.S. economy grew in the third quarter, but at a slower-than-expected pace.

U.S. GDP growth revised down to 2.8 pct

In New York, job winners will tweet from toilets

Five new restroom ambassadors will soon be tweeting from toilets at Times Square after beating hundreds of hopefuls for the coveted jobs.

U.S. cities grapple for new jobs in economic upswing

In a depressed neighborhood in the City of Angels, hundreds of good jobs appeared to fall from the sky last week.

U.S. economy grew 2.8 pct in Q3

U.S. economy grows 2.8 pct in Q3

Galleon's Rajaratnam denies inside trading charges

Raj Rajaratnam, the billionaire founder of Galleon Group, on Tuesday rejected federal insider trading charges, and accused the government of violating his constitutional rights with its use of wiretaps.

Champagne finish or cold turkey for U.S. stocks?

Savvy equity investors have fattened their returns this year, buying on pullbacks during the U.S. market's rally, and that activity may be enough to buoy prices through the end of the year.

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