Anonymous trading venues known as dark pools are a technological evolution that have benefitted both institutional and retail trading by bringing down transaction costs, Goldman Sachs Group Inc said in a memo to the Securities and Exchange Commission.
Emerging market and Japanese shares fell sharply on Tuesday after an overnight sell off on Wall Street, but the retreat failed to boost the battered dollar.
UBS has appointed Merrill Lynch veteran Robert McCann to head its Americas wealth management unit in a bid to rebuild the franchise which has been battered by a damaging tax row.
Oil steadied at below $79 a barrel on Tuesday, pausing after three straight days of decline, as investors awaited fresh leads from the equities market as well as more economic data to gauge the pace of the global economic recovery.
A bankruptcy judge appointed a trustee to take over the liquidation of Thornburg Mortgage after it was discovered former executives were using staff and equipment to launch a start-up venture.
Union workers at Ford Motor Co's Kansas City assembly plant overwhelmingly rejected proposed contract changes that include a no-strike provision on wages and benefits, the local president said on Monday.
Securities exchanges have a sound network back-up if a severe pandemic keeps people home and clogging the Internet, but the Homeland Security Department has done little planning, Congressional investigators said on Monday.
Three former Marsh Inc executives were acquitted on Monday of criminal charges in a bid-rigging and price-fixing scheme in which they were accused of colluding to steer clients to favored insurers.
U.S. regulators looking into high-frequency trading have asked the industry if institutions are flocking to so-called dark pools and increasing market volatility, sources familiar with the SEC's line of questioning said on Monday.
U.S. stocks fell for a second straight session on Monday as investors ditched home builders and financials on fears lawmakers may let a federal home buyer tax credit expire, while commodity shares succumbed to pressure from the higher U.S. dollar.
McDonald's Corp will shutter its business in Iceland because it is too expensive for the franchise to operate after the country's financial crisis.
The United States will need its entrepreneurial spirit to compete with deep-pocketed China in the race to develop green energy technologies, U.S. Energy Secretary Steven Chu said on Monday.
Nintendo Co plans to launch a new version of its DSi hand-held videogame player with a larger screen in Japan as early this year, the Nikkei business daily reported on Tuesday.
The U.S. government asked for a reduced sentence on Monday for a former American client of UBS AG who pleaded guilty to tax evasion but provided information leading to the indictment of a Swiss banker and a Zurich lawyer.
Former Bear Stearns hedge fund manager Matthew Tannin won a round during his trial in New York on fraud charges on Monday when a judge ruled the jury cannot see a personal email in which he wrote about his fears of a blow up risk for investors.
The Australian Dollar opens lower on Tuesday at 0.9140 as the recent positive sentiment towards high-yielding currencies evaporated overnight as stocks and commodities both declined.
Former Bear Stearns hedge fund manager Matthew Tannin won a round during his trial in New York on fraud charges on Monday when a judge ruled the jury cannot see a personal email in which he wrote about his fears of a blow up risk for investors.
Why use Candlesticks?Provide traders with earlier indication of reversals: Candlestick charts are very effective in signaling potential reversals well before traditional bar or point charts and thus aid traders to time their entries and exits with better timing
Represents a price level or area where there is more selling pressure than buying pressure and prices cease to advance when they approach this level.
The Australian Dollar opens lower on Tuesday at 0.9140 as the recent positive sentiment towards high-yielding currencies evaporated overnight as stocks and commodities both declined. During Monday's domestic session the unit traded briefly beneath US92 cents as local equities began trade in the red. Australia's PPI (producer price index) at the final stage of production came in slightly below expectation at 0.1 per cent for the September quarter however the local unit was well supported and move...
Stocks fell for a second straight session on Monday as investors ditched home builders and financials on fears that a federal home buyer tax credit might be phased out, while commodity shares succumbed to pressure from the higher U.S. dollar.
China's leading Internet search company Baidu Inc warned that the transition to a new advertising technology would crimp revenue in the current quarter, sending shares plunging 11 percent.
U.S. stocks fell for a second straight session on Monday as investors ditched home builders and financials on fears that a federal home buyer tax credit might be phased out, while commodity shares succumbed to pressure from the higher U.S. dollar.
U.S. stocks fell for a second straight session on Monday as investors ditched home builders and financials on fears that a federal home buyer tax credit might be phased out, while commodity shares succumbed to pressure from the higher U.S. dollar.
Billionaire philanthropist Jeffry Picower accidentally drowned in his Florida swimming pool after suffering a heart attack, police investigating the death of the prominent Bernard Madoff investor said on Monday.
U.S. stocks ended down for a second straight session on Monday as investors ditched shares of financial companies and home builders on fears that a federal home buyer tax credit might be phased out, while commodity stocks wilted under pressure from the stronger U.S. dollar.
Billionaire philanthropist Jeffry Picower accidentally drowned in his Florida swimming pool after suffering a heart attack, police investigating the death of the prominent Bernard Madoff investor said on Monday.
The Obama administration within days will move to get tougher with large financial firms that are in trouble by urging Congress to let the government seize control, wipe out shareholders, boot management and restructure debts, an administration official said on Monday.
New York gold futures ended at their lowest level in more than two weeks on Monday as a sudden resurgence of the dollar decreased bullion's appeal as a hedge
against a depreciating U.S. currency .
Key officials and lawmakers are reaching a growing consensus on the need for a strong mechanism that would allow the government to dismantle troubled financial giants, the chairman of the Federal Deposit Insurance Corp said on Monday.
