U.S. Treasury Secretary Timothy Geithner said on Wednesday there was a good case to let some firms use derivatives with little scrutiny for business purposes, but that most trading should face stiffer rules.
The Dow and S&P slipped on Wednesday, pressured by the financial and energy sectors, although the Nasdaq rose on positive news on online retailers such as Amazon.
The S&P 500 and Nasdaq rose on Wednesday, lifted by positive news on online retailers such as Amazon, while the Dow edged lower with energy and financials following mixed data on the labor market.
The days of swashbuckling backslappers on the floor of the New York Stock Exchange have given way to an era of trading dominated by analytical technical whizzes whose computers may be running from a town in deepest New Jersey or Texas.
Gold hit record highs at $1,216.75 an ounce in Europe on Wednesday as investors bet on higher prices, with funds lengthening positions due to expectations of a fresh leg of dollar weakness and more central bank buying.
Siemens AG has hired UBS to help sell its hearing-aid unit, with initial teaser documents on the business likely to reach bidders before Christmas, sources familiar with the matter said.
U.S. private equity firm Carlyle Group plans to announce two or three deals soon in Brazil, Latin America's largest economy, co-founder David Rubenstein said on Wednesday.
British fashion retailer New Look has moved closer to a stock market return by picking banks to handle a possible initial public offering (IPO) early next year, an industry source said on Wednesday.
Kohlberg Kravis Roberts & Co and Fubon Financial are among the bidders for Morgan Stanley's stake in Chinese investment bank CICC, people familiar with the matter said on Wednesday, in a deal that could be worth more than $1 billion.
U.S. Treasury Secretary Timothy Geithner urged lawmakers on Wednesday to let regulators block companies from customizing derivatives contracts to avoid trading on central clearing houses.
U.S. stock index futures were flat on Wednesday as investors awaited a private-sector employment report and the Federal Reserve's Beige Book of regional economic conditions.
U.S. stock index futures were flat on Wednesday as investors awaited a private-sector employment report and the Federal Reserve's Beige Book of regional economic conditions.
U.S. stock index futures were flat on Wednesday as investors awaited a private-sector employment report and the Federal Reserve's Beige Book of regional economic conditions.
Contagion from emerging markets Ukraine and Dubai, debt in the eurozone's weakest economies, British politics, climate talks in Copenhagen and tensions with Tehran could all affect Western European markets in December.
European equities edged lower on Wednesday after their biggest one-day gain in more than 4 months in the previous session, as a decline in banking stocks offset higher pharma and food shares.
Stock index futures pointed to U.S. shares mostly extending their gains on Wednesday, with the Dow Jones industrial average having hit a 14-month closing high in the previous session.
Foreign firms and individuals will be allowed to set up limited partnership firms in China from March 2010, a move that could make it easier for some overseas investors to tap the domestic market.
The Chicago Board Options Exchange will pay $2.1 million to settle its long-running litigation over ownership rights, eliminating legal barriers to demutualization within days or weeks, the exchange said.
Barclays completed the sale of its asset management arm to U.S. fund manager BlackRock on Tuesday for $15.2 billion, or $1.7 billion more than when it struck the deal in June after a jump in BlackRock's share price.
Russia's Human Stem Cell Institute will raise around 140 million roubles ($4.80 million) at its upcoming IPO after avgreeing to sell shares at the lower end of its price range, the company said on Tuesday.
Dubai's debt crisis may not sow lasting global contagion, but it may colour a 2010 investment landscape where asset managers will likely differentiate more between risks rather than embracing them indiscriminately.
U.S. stocks were poised for a higher open on Tuesday as concerns over Dubai's debt problems eased and solid manufacturing data from China boosted sentiment as investors awaited a host of U.S. economic reports.