IBT Staff Reporter

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Futures gain after Bullard comments

Stock index futures were higher on Monday after bullish comments from a Federal Reserve official about the economy, easing concerns that high oil prices could hurt economic activity.

Japan PM struggles to overcome budget deadlock

Japan's unpopular government was trying on Monday to push through a $1 trillion budget for the year from April but with little chance of getting a divided parliament to pass the bills needed to make it work.

Glencore primes analysts as IPO talk heats up

Glencore, the world's largest commodities trader, is briefing analysts ahead of a possible flotation that could be one of the biggest listings ever seen in London, sources familiar with the situation said.

Sun Intl H1 profit flat, sees tough H2

South African gaming and hotels group Sun International Ltd reported a flat first-half profit, hit by unfavourable swings in currencies and warned of little growth for the remainder of the year.

Food drives Ugandan inflation rate higher again

A 2.0 percent jump in Ugandan food prices in February from a month earlier helped drive the country's headline inflation rate higher for the fourth month in a row, the statistics office said on Monday.

Sudan clamps down on election protest

Sudanese riot police and security agents surrounded organisers of a protest against alleged election fraud on Sunday, witnesses said, in the latest sign of a clampdown following uprisings across the Arab world.

Tunisian prime minister resigns amid protests

Tunisian Prime Minister Mohamed Ghannouchi resigned on Sunday after violent protests over his ties to the North African state's toppled former leader, triggering street celebrations in central Tunis.

Egypt's Moussa indicates will run for president

Veteran Egyptian diplomat Amr Moussa said on Sunday he intends to run for president, a post held for three decades by Hosni Mubarak until he was toppled from power by a mass uprising this month.

Special Report: In derivatives trade, RIP OTC?

To get a measure of what financial markets think about plans to make trading in derivatives more uniform and transparent, ask no further than the regulators themselves. Thomas Huertas, a senior UK Financial Services Authority official, said recently that unless the plans to centralize trillions of dollars' worth of contracts were thought through carefully, it could be a bit like putting a Chern...

Glencore considers jumbo IPO -source

Glencore, the world's largest commodities trader, is considering a flotation that could be one of the biggest listings ever seen in London, a source familiar with the situation said.

HSBC cuts financial targets, shares fall

HSBC cut its profitability targets due to the cost of tougher global bank regulations on Monday, and disappointed investors as its 2010 earnings came in slightly below analysts' forecasts.

Stock index futures signal early dip

U.S. stock index futures pointed to a lower opening on Wall Street on Monday, with futures for the S&P 500 down 0.08 percent, Dow Jones futures down 0.13 percent and Nasdaq 100 futures down 0.27 percent at 4.17 a.m. EST.

U.S. stock index futures signal early dip

U.S. stock index futures pointed to a lower opening on Wall Street on Monday, with futures for the S&P 500 down 0.08 percent, Dow Jones futures down 0.13 percent and Nasdaq 100 futures down 0.27 percent at 4.17 a.m. EST.

Oil rises on Middle East fears

Oil prices advanced on Monday as protests in Oman raised concerns about supply from the Middle East, though world stocks rose and were on track to post their third straight month of gains on an improving growth outlook. Copper prices extended the previous session's 3 percent gains after an earthquake in top producer Chile, though benchmark U.S. 10-year Treasuries were also in demand, sending yiel...

Pranab unveils budget, dismisses policy drift worries

Finance Minister Pranab Mukherjee announced on Monday a food security bill for 2011/12, a budget measure that would provide cheap grains for millions of India's poor but which has sparked worries over its huge cost.

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