A gauge of manufacturing in New York State showed growth picked up in January, rising to the highest level in nine months as new orders and employment improved, the New York Federal Reserve said in a report on Tuesday.
Citigroup Inc reported lower fourth-quarter profit while Wells Fargo & Co. said profit rose. Both big banks said their quarters were helped by declining bad loan costs.
A gauge of manufacturing in New York State showed growth picked up in January, rising to the highest level in nine months as new orders and employment improved, the New York Federal Reserve said in a report on Tuesday.
Stocks gained in early trading on Tuesday as Chinese data fueled the belief the government may move to stimulate growth, overshadowing recent credit downgrades in Europe and a mixed bag of big bank earnings.
China's economy expanded at its weakest pace in 2-1/2 years in the latest quarter, with the sagging real estate and export sectors heralding a sharper slowdown in coming months and fresh pro-growth measures from the government.
Canada's North American Palladium Ltd said it would stop production at its Sleeping Giant gold mine in Quebec, resulting in the layoff of about 90 employees and a non-cash impairment charge on gold assets of about C$50 million.
Stocks were set to open higher on Tuesday as Chinese data fueled the belief the government may move to stimulate growth, overshadowing recent credit downgrades in Europe and a mixed bag of bank earnings.
Billionaire Mikhail Prokhorov, challenging Vladimir Putin for the Russian presidency, sees no risk to his vast business interests from his foray into politics and expects to list his gold business in London soon.
Africa-focused gold producer Goldplat has poured the first bar of gold from its Kilimapesa mine in Kenya, marking the beginning of production in the east African country's first gold project, the company said on Tuesday.
Mercator Minerals Ltd said it has obtained permits to start mining at its wholly owned El Pilar Project in Mexico.
Stock index futures rose on Tuesday as investors looked to corporate profits as earnings season picks up and Chinese data fueled the belief the government may move to stimulate growth.
LONDON, Jan 17 - The downgrade of much of Europe's credit ratings demonstrates in perhaps the bluntest terms so far the collapse of any lingering -- if lazy -- assumptions that developed states are somehow safer than emerging counterparts.
U.S. legislation aimed at curbing online piracy, which had appeared to be on a fast track for approval by Congress, appears likely to be scaled back or jettisoned entirely in the wake of critical comments over the weekend from the White House, people familiar with the matter said.
Consumer prices in the euro zone fell more than expected in December, data showed on Tuesday, signaling a retreat from a November peak and giving the European Central Bank more room to cut rates to historic lows as the economy heads for recession.
AIA Group Ltd , Asia's No.3 insurer and about one-third owned by American International Group Inc , may bid for the $6 billion Asian insurance operations of ING Groep , sources said, with the prospective sale expected to draw heavy interest from rivals.
India, the world's biggest consumer of bullion, has changed the import duty on gold to two percent of value from the earlier flat 300 rupees per 10 grams and that of silver to six percent of value from 1,500 rupees per kilogram, the government said.
With the South Carolina primary just five days off, presidential candidates Mitt Romney, Ron Paul, Rick Santorum, Newt Gingrich and Rick Perry faced off the first of two debates before Jan. 21. Get a complete breakdown of the GOP candidates' performances, and how the debate is likely to affect the results of the 2012 South Carolina Republican primary, here.
Gold prices jumped Tuesday after China reported fourth-quarter gross domestic product grew more than expected.
Stock index futures pointed to a higher open on Wall Street on Tuesday following a long holiday weekend, with futures for the S&P 500 up 1.01 percent, Dow Jones futures up 0.95 percent and Nasdaq 100 futures up 1.1 percent at 1027 GMT.
An unofficial panel of experts cleared global accounting groups KPMG and Ernst & Young of any responsibility for a $1.7 billion accounting fraud at Japan's Olympus Corp, though the role of the firms remained under official review.
Mazen Dajani, chief executive of Jordan's CTI Group, says the Arab Spring accomplished what the global financial crisis of 2008-9 did not: it pushed his company, one of the world's largest shippers of cement, into the red.
Asian shares and the euro rose on Tuesday as slightly better-than-expected Chinese economic growth data soothed investor worries that the euro zone debt crisis is dragging down the global economy.
More than four years after the United States fell into recession, many Americans have resorted to raiding their savings to get them through the stop-start economic recovery.
Asian shares and the euro rose on Tuesday as slightly better-than-expected Chinese economic growth data soothed investor worries that the euro zone debt crisis was slowing global activity.
Investment bank Morgan Stanley plans to tell employees this week that bonuses will drop, with cash payouts capped for now at $125,000, The Wall Street Journal reported on Monday.
Germany, the only major euro zone member to retain a top-notch credit rating, refused on Monday to consider boosting the bloc's rescue fund, while Greece was under pressure to urgently break a deadlock in debt swap talks if it is to avoid an unruly default.
Wikipedia, the popular community-edited online encyclopedia, will black out its English-language site for 24 hours to seek support against proposed U.S. anti-piracy legislation that Wikipedia founder Jimmy Wales said threatens the future of the Internet.
Rating agency Standard & Poor's cut its credit rating of the European Financial Stability Facility, the euro zone's rescue fund, by one notch to AA+ on Monday, three days after it cut the ratings of France and Austria by the same margin.
Celebrities at the 2012 Golden Globes went nude this year. No not actually in their birthday suits, but many donned a much softer, more feminine neutral palette in contrast to the red carpet on Sunday. From Angelia Jolie and her Atelier Versace gown with a pop of red to Jessica Biel's wedding white Elie Saab dress, here are the best nude looks and trends on the Golden Globes red carpet, plus how to pair neutral with your own skin tone.
Use of microblogging in China quadrupled in 2011 compared with the previous year, with nearly half of all Chinese Internet users now taking to the near-instant service to gather news and spread views, a government Internet think tank said Monday.
