The gaping U.S. budget deficit is cause for concern but clamping down on spending immediately would be pound-foolish and would derail the recovery, a top White House economic adviser said on Tuesday.
Stocks were little changed on Tuesday, the anniversary of the market lows reached in the recession, with weakness in banks offset by strength in transportation stocks.
Rania Oteify and Rachna UppalThe United Arab Emirates pledged its support for Dubai on Tuesday but said the emirate had yet to ask for federal help, which analysts said would come reluctantly and with strings attached.
Experts maintained stable outlook for oil & gas and base metal industry. However, the long term outlook for thermal coal is positive, with 220 GW of coal-fired electricity generation capacity expected to come online over the next 5 years, requiring over 750 Mt of coal. The outlook for oil and gas prices remains broadly unchanged, with oil prices still expected to rise. Oil prices have hovered around USD 70 per barrel for the past three months. This relative stability at an economically viable le...
At a time when jewellery retailers and gold buyers are crying foul over the increase in import duty on gold and silver, there is a surprise element for jewellery makers which will make them happy. While presenting the Budget, India's finance minister Pranab Mukherjee said import duty on gold and platinum will go up from Rs 100 to Rs 300 per 10 gm.
The U.S. stock market is slightly down Tuesday morning as rating agencies published concerns about Portugal and the U.K.
Has the consumer behaviour towards spending money for buying gold and silver changed thanks to the surge in bullion prices in the last few months? Yes, consumer preferences for buying gold and jewellery items have drastifally changed thanks to the bullion price spike, says a study by Exim Bank, a government owned bank in India. According to the study by Exim Bank, increasing domestic demand, along with an anticipated pick-up in exports, is likely to drive growth of Indian jewellery market in the...
The yen gained across the board on Tuesday as most world equity markets fell, illustrating a rise in risk aversion as investors moved into the low-yielding Japanese currency. Appetite for risk had been boosted by Friday's better-than- expected U.S. employment report, pushing the yen down to two-week lows versus the euro and the dollar.
Stock index futures pointed to a modestly lower open on Tuesday, the anniversary of the lows reached in the recession, as the dollar strengthened and pressured commodity prices.
Deutsche Post DHL unveiled a conservative financial strategy that focuses on saving cash to safeguard its credit rating and gave a 2010 earnings outlook that missed market expectations.
World stocks slipped on Tuesday from the previous day's six-week high and oil fell nearly 2 percent, while the yen rose broadly as investors grew cautious after a recent rally in riskier assets.
U.S. stock index futures fell on Tuesday, the anniversary of the lows reached in the recession, as the dollar strengthened and pressured commodity prices.
Stock index futures fell on Tuesday, the anniversary of the lows reached in the recession, as the dollar strengthened and pressured commodity prices.
U.S. stock index futures fell on Tuesday as commodities weakened ahead of a report expected to show another increase in crude oil inventories, a bearish sign for demand in the world's largest energy consumer.
Rania OteifyThe federal government will support Dubai as it grapples with a $26 billion debt restructuring and expects the matter to be resolved soon, the United Arab Emirates' finance minister said on Tuesday.
Stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.36 percent, Dow Jones futures down 0.26 percent and Nasdaq 100 futures down 0.23 percent at 1049 GMT (5:49 a.m. ET).
Deutsche Post DHL said a global economic recovery and cost cuts will help it boost its core profit this year, as it halted a slide in revenues last year and demand for air freight and mail started to improve.
China, the world's biggest holder of foreign exchange reserves, renewed its commitment to the U.S. Treasury market on Tuesday but said it would be wary of substantially boosting its gold holdings.
The Internet was built on freedom of expression. Society wants someone held accountable when that freedom is abused. And major Internet companies like Google and Facebook are finding themselves caught between those ideals.
Deutsche Post DHL said a global economic recovery and cost cuts will help it boost its core profit this year and in 2011.
Oil and higher-yielding currencies pulled back from multi-week highs on Tuesday and Asian stocks drifted lower as investors paused in their recent chase for riskier assets.
Fairholme Capital Management and Pershing Square, two key investors in General Growth Properties Inc , are teaming up to invest another $3.93 billion in the mall operator to help it emerge from bankruptcy, according to a person familiar with the matter.
Oil and higher-yielding currencies shrank from multi-week highs on Tuesday and Asian stocks drifted lower as investors paused in their recent chase for riskier assets.
Sex.com, often touted as one of the most valuable Internet domain names, is due to head to the auction block next week.
Airbus parent EADS faces crucial decisions on its future as a global defense player even as it unveils 2009 losses for its share of an international bailout of its delayed A400M military transporter on Tuesday.
Greek Prime Minister George Papandreou on Monday urged the Group of 20 nations to crack down on market speculators, warning that failing to do so could trigger another global financial crisis.
Google Inc and No. 2 U.S. satellite TV operator Dish Network Corp are jointly testing a television programing search service, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Six Flags Inc put its chief financial officer on the stand to defend its reorganization plan against attacks by some bondholders, with ownership of the theme park operator at stake.
The Aussie dollar began the week on a positive note rising in Asia amidst optimism of a global economic recovery and speculation Greece will be supported financially by other European nations.
Major U.S. stock indices ended mixed even though American International Group continued raise cash by selling its units and France reiterated its support for Greece and the euro.
