U.S. retail sales likely notched an eighth straight month of gains in May as consumers took comfort in a gradually improving job market.
U.S. businesses may have started to begin significant hiring as the number of job openings at the end of April was the highest in more than a year, a government survey showed on Tuesday.
JPMorgan Chase & Co has made heavy losses from bad coal-price bets, traders dealing with the U.S. investment bank said, at a time when proprietary trading at deposit-taking banks faces increased regulatory scrutiny.
Yahoo Inc said it signed British soccer star David Beckham as a brand ambassador ahead of the World Cup tournament in a move to draw more users to the online media company's products.
Middle East oil countries should increase production of heavy oil as oil prices remain higher and improved technology makes it easier, those attending an industry conference in Bahrain were told. Bahrain's oil minister, Abdulhussain Mirza, told the Heavy Oil World MENA conference that heavy oil reserves in the region were estimated at 1 trillion barrels, or 28% of total world reserves, but historically accounted for little more than 10% of production.
The Dow and the S&P 500 rose in choppy trading on Tuesday as higher oil prices lifted energy shares, while the Nasdaq fell on weakness in tech.
A top Federal Reserve official said on Tuesday high unemployment and low inflation justify holding benchmark interest rates ultra-low for quite some time but European debt woes are unlikely to derail the U.S. economic recovery.
Jerome Kerviel described his extreme trader past on the first day of his long-awaited trial as judges unpick his role in a 4.9 billion euro ($6.6 billion) trading loss that threatened to bring down Societe Generale.
A top U.S. Federal Reserve official said on Tuesday high unemployment and low inflation justify holding benchmark interest rates ultra-low for quite some time but European debt woes are unlikely to derail the U.S. economic recovery.
Low inflation and high unemployment in the United States justify the Federal Reserve keeping benchmark interest rates ultra-low for quite some time, Chicago Fed President said on Tuesday.
The Dow and the S&P 500 rose in choppy trading on Tuesday as higher oil prices lifted Exxon, while the Nasdaq fell after an analyst cut price targets on tech bellwethers such as Amazon.com.
European Union finance ministers said on Tuesday they must do more to restrain spending and contain a debt crisis that threatens to spread to countries that do not use the euro such as Hungary and Britain.
European Union finance ministers said on Tuesday they must do more to restrain spending and contain a debt crisis that threatens to spread to countries that do not use the euro such as Hungary and Britain.
Wall Street was flat in choppy trade on Tuesday after relinquishing early gains, as euro-zone concerns offset reassuring comments from Federal Reserve Chairman Ben Bernanke on the state of the U.S. economy.
Switzerland's delivery of UBS client data to U.S. tax officials has been delayed after the Swiss lower house rejected a Swiss-U.S. deal to solve a tax dispute, triggering a new parliamentary debate.
The precious metals market has started decoupling from global equities, according to National Inflation Association (NIA) which forecasted such an eventuality some months ago.
Wall Street was poised for a higher open on Tuesday after Federal Reserve Chairman Ben Bernanke said the U.S. economy appeared to have enough momentum to avoid a double-dip recession.
U.S. stock index futures were slightly higher on Tuesday after Federal Reserve Chairman Ben Bernanke said the U.S. economy appeared to have enough momentum to avoid a double-dip recession.
Stock index futures were slightly higher on Tuesday, as investors digested comments from Federal Reserve Chairman Ben Bernanke on the strength of the U.S. recovery and the euro-zone debt crisis.
Dear traders, is EURUSD „damped??? I do not believe. If I watch the EURUSD on weekly basis I am of the opinion that there is still some potential for going more southly.
Switzerland's delivery of UBS client data to U.S. tax officials has been delayed after the Swiss lower house rejected the Swiss-U.S. deal to solve a tax row, triggering a new parliamentary debate.
Stock index futures pared early gains on Tuesday, pointing to a mixed open as lingering fears over Europe's debt crisis hit the region's stocks and eclipsed soothing comments from Fed Chairman Ben Bernanke.
Stock index futures pointed to a higher open on Wall Street on Tuesday following the previous session's steep losses, with futures for the S&P 500 up 0.8 percent, Dow Jones futures up 0.8 percent and Nasdaq 100 futures up 1.1 percent at 0733 GMT.
Japanese bank lending marked its biggest annual fall in nearly five years in May, falling 2 percent as companies remained wary of boosting capital spending even as the economy recovers and the central bank keeps monetary policy loose.
Gold eased in Asian trade Tuesday after overnight gains near two percent on concerns over falling stocks, volatile currencies amid Euro zone debt worries. Gold for immediate delivery was seen trading at $1237.24 an ounce at 11.00 a.m Singapore time while U S gold futures for August delivery was at $1,239.6 ounce at the same time.
Financial markets stuck to their recent script on Tuesday, following a day of volatility with modest equities gains and a small lift for the euro.
Vietnam's banking system witnessed drastic dips in gold deposits during April and May. According to Vietnam Banking Association, over the last two months, the volume of gold on deposit in banks decreased by 15 percent, or 16,000-20,000 taels.
The euro bounced from a four-year low and Asian stocks edged up on Tuesday as traders paused a selloff of riskier assets ahead of Chinese economic data and a European Central Bank meeting later in the week.
Employers in most economies are more likely to add workers than three months ago, including those in the United States, but big gains are limited to booming emerging economies like Brazil, India and China, according to a quarterly survey by Manpower Inc .
European Union Food Facility fund received a boost with the EU donating 13.2 million to its funding to enhance agricultural production in developing countries worst hit by high food prices. This brings the total amount of the fund channeled through FAO to an unprecedented Euro 228 million.
