Private equity giant Blackstone Group's chief executive said the worst of the industry's problems had passed, with improved capital and equity markets finally providing an opportunity to do deals and sell existing investments through IPOs.
Stocks jumped on Wednesday after JPMorgan Chase & Co posted a surge in profit, following stronger numbers from Intel Corp a day earlier in an auspicious start to third-quarter earnings season.
U.S. retail and food services sales fell 1.5 percent in September compared with August due mostly to a sharp decline in motor vehicle and parts sales, the U.S. Commerce Department reported on Wednesday.
JPMorgan Chase & Co quarterly profit rocketed to forecast-beating $3.6 billion as bond trading revenue surged, boosting optimism about a strengthening rebound in top Wall Street banks.
The U.S. Treasury Department is pushing American International Group to cut big pay incentives it claims were needed to keep staff, but which have stoked a controversy over pay at taxpayer-supported firms.
The U.S. Treasury Department is pushing American International Group to cut big pay incentives it claims were needed to keep staff, but which have stoked a controversy over pay at taxpayer-supported firms.
Stocks jumped on Wednesday after JPMorgan Chase & Co posted a surge in profit, following stronger numbers from Intel Corp a day earlier in an auspicious start to third-quarter earnings season.
South African IT company Datatec posted lower first-half headline earnings, in line with its own forecast, and said it was looking to expand given the worst of the downturn was over.
Oil surged for a fifth day on Wednesday to a 2009 high above $75 a barrel, boosted by a weak dollar and optimism about a global economic rebound that will lead to higher energy demand.
South Korea's LG Display said on Wednesday that it would set up a joint venture for a proposed $4 billion LCD plant in China, as Asian panel makers rush to increase their presence in the fast-growing Chinese TV market.
Rallying commodity markets are adding to profits of Wall Street houses like Goldman Sachs and JPMorgan, and banks are ramping up commodity desks again, a year after the recession cut into operations.
Stock futures pointed to a rise of more than 1 percent at the open on Wednesday after JPMorgan Chase & Co posted a surge in profit following stronger numbers from Intel Corp a day earlier.
Canadian silver miner Pan American Silver Corp (PAA.TO) said on Wednesday it plans to acquire exploration company Aquiline Resources Inc (AQI.TO), in a deal valued at C$626 million ($609 million).
Brazil's government will use regulation and its financial muscle to trump a wave of foreign takeovers in the nation's pharmaceutical industry, the daily newspaper Valor Economico said on Wednesday, citing a top official.
The supervisory board of Vivendi (VIV.PA) will meet this afternoon amid speculation it could ditch its offer for Brazilian telecom company GVT GVTT.SA, a trade union source told Reuters on Wednesday.
Investors remain bullish about equities but not to the extent that it creates the risk of a sharp swing in sentiment, Bank of America Merrill Lynch said on Wednesday.
U.S. stock index futures pointed to a rise of more than 1 percent at the open on Wednesday after JPMorgan Chase & Co (JPM.N) posted a surge in profit following stronger numbers from Intel Corp (INTC.O) a day earlier.
Private equity firm Blackstone Group's chief executive said the worst of the industry's problems were behind it, and dealflow and IPO opportunities were opening up again.
Stock futures pointed to a rise of more than 1 percent at the open on Wednesday after JPMorgan Chase & Co posted a surge in profit following stronger numbers from Intel Corp a day earlier.
After a slow start, the volume of bids on LoanMarket more than quadrupled in August, he said, adding the stabilization of the housing market and the economy may have played a part as well as the discounts available from banks and funds that need to unload underwater investments.
Oil surged for a fifth day on Wednesday to a 2009 high above $75 a barrel, boosted by a weak dollar and optimism about a global economic rebound that will lead to higher energy demand.
After a year most investors would like to forget, foreign real estate buyers are being swayed to spend again in New York City by a weak U.S. dollar and property prices at levels not seen for years, say experts.
JPMorgan Chase & Co reported sharply higher third-quarter results, topping Wall Street expectations, as gains at its investment bank offset deeper losses on credit cards and other consumer loans.
Stock futures pointed to a rise of more than 1 percent at the open on Wednesday after JPMorgan Chase & Co posted a surge in profit following stronger numbers from Intel Corp a day earlier.
U.S. stock index futures pointed to a rise of more than 1 percent at the open on Wednesday after JPMorgan Chase & Co (JPM.N) posted a surge in profit following stronger numbers from Intel Corp (INTC.O) a day earlier.
A German centre-right government under Chancellor Angela Merkel would look to sell some company holdings held by the state, documents seen by Reuters showed on Wednesday as leaders gathered for coalition negotiations.
Economic recovery will likely be limited and is no reason to shout for victory, European Central Bank Governing Council member Guy Quaden was quoted as saying.
Hong Kong stockspacked on more gains on Wednesday to close up 1.95 percent at a14-month closing high, driven by liquidity inflows frominvestments exiting the U.S. dollar, which touched a 14-monthlow.
U.S. stock index futures rose more than 1 percent on Wednesday following forecast-beating results from Intel Corp (INTC.O) and ahead of earnings from JPMorgan Chase & Co (JPM.N).
U.S. stock index futures pointed to a strong open on Wall Street on Wednesday following forecast-beating results from Intel Corp and ahead of earnings from JPMorgan Chase & Co.
