Stock index futures briefly extended their losses on Thursday after the latest reading on jobless claims.
IBT Staff Reporter
Mar 22, 2012
Stock index futures fell on Thursday after manufacturing data in the eurozone and China increased worry about a slowing global economy.
IBT Staff Reporter
Mar 22, 2012
Stock index futures pointed to a lower opening on Wall Street on Thursday, with futures for the S&P 500 down 0.6 percent, Dow Jones futures down 0.57 percent and Nasdaq 100 futures down 0.58 percent at 1000 GMT.
IBT Staff Reporter
Mar 22, 2012
Asian shares gave back earlier gains Thursday after data showed China's factory activity shrank for a fifth successive month, underscoring concerns about a growth slowdown in the world's second largest economy.
Eric Linton
Mar 21, 2012
Greece unveiled details of payments to its two main debt restructuring advisers late on Wednesday to knock down a local website report that they had received 74 million euros.
IBT Staff Reporter
Mar 21, 2012
The Federal Reserve plans to fine eight more bank holding companies for improper home mortgage foreclosures, the latest fallout from the so-called robo-signing scandal in which banks filed foreclosure documents without verifying their accuracy.
Mike Obel
Mar 20, 2012
China's Cinda Asset Management Corp., which was formed in 1999 to buy bad loans from Chinese banks, received 10.4 billion yuan ($1.6 billion) from four institutional investors as the state-controlled company prepares for an IPO.
Benjamin Reeves
Mar 16, 2012
Greg Smith resignation letter describing toxic atmosphere at investment bank undermines goodwill.
IBT Staff Reporter
Mar 16, 2012
Gold rose Thursday, reversing a three-day plunge that left prices beneath their critical 200-day moving average.
Mike Obel
Mar 15, 2012
Bank of Communications Co., Ltd. (BoCom) will raise $8.9 billion in a share sale to current shareholders like HSBC and the Chinese Ministry of Finance. The bank's shares were suspended on Thursday in advance of the announcement.
Benjamin Reeves
Mar 15, 2012
China's fifth-largest lender, Bank of Communications Co Ltd , will raise $8.9 billion to meet tighter capital requirements by placing shares with existing shareholders such as HSBC and the country's finance ministry.
IBT Staff Reporter
Mar 15, 2012
Gold fell on Monday, under pressure from a softer euro and from dwindling expectations for the Federal Reserve to signal the need for more measures to keep U.S. rates low, although longer-term investors took their bullion holdings to a fresh record.
Mike Obel
Mar 12, 2012
Call us crazy, but the two most recent major economic data releases by China -- the consumer price index on Friday and the trade balance on Saturday -- indicate there could be a case to be made for monetary stimulus in the world's second-largest economy.
J.J. McGrath
Mar 11, 2012
China's trade balance plunged $31.5 billion into the red in February as imports swamped exports to leave the largest deficit in at least a decade and fuel doubts about the extent to which frail foreign demand or seasonal distortion drove the drop.
IBT Staff Reporter
Mar 10, 2012
Bank regulators approved Capital One Financials acquisition of HSBC's $30 billion U.S. credit card business, the Office of the Comptroller of the Currency announced on Friday.
IBT Staff Reporter
Mar 09, 2012
Bank regulators approved Capital One Financial's acquisition of HSBC's $30 billion U.S. credit card business, the Office of the Comptroller of the Currency announced on Friday.
IBT Staff Reporter
Mar 09, 2012
Leaders of China and India, two of the world's biggest economies, are responding to a decline in their nation's blistering rates of growth by focusing on virtually identical ways to stimulate bank lending and regain financial momentum.
Roland Li
Mar 09, 2012
Deutsche Bank has taken 5-10 billion euros ($6.6-$13.3 billion), of the European Central Bank's (ECB) long-term refinancing operation (LTRO), which offers three-year loans to banks at a rate of 1 percent according to a report.
Bhaskar Prasad
Mar 09, 2012
HSBC announced on Wednesday an agreement to sell its insurance businesses in emerging markets for $914 million in cash, in a continuing effort to offload non-banking assets.
Joseph Orovic
Mar 07, 2012
German factory orders unexpectedly decline in January, mirroring a sharp drop in orders from outside the euro zone, flashing an early warning sign that Europe's largest economy could be heading back into recession.
Moran Zhang
Mar 07, 2012
Gold prices fell more than 1 percent in Europe on Tuesday, pushing through support at $1,690 an ounce, as jitters over whether private creditors will agree to a Greek bond swap deal and wider euro zone growth pressured the euro versus the dollar.
Mike Obel
Mar 06, 2012
China lowered its economic growth target to an eight-year-low of 7.5 percent from an 8 percent goal in place since 2005, a signal that the country's leaders are determined to scale back the reliance on external demand and foreign capital, in favor of domestic consumption.
Moran Zhang
Mar 05, 2012