The Treasury could sell a big chunk of its remaining 33 percent stake in General Motors Co in the summer or fall, a person with knowledge of the matter said on Monday, although doing so may lead to more losses for it on the automaker's bailout.
Asian stocks fell on Tuesday after rating agency Standard & Poor's lowered its U.S. credit outlook to negative, prompting a global flight to other assets.
The might euro was the best performing G10 currency in first quarter of 2011. In the past week, however, it has plunged against its G10 counterparts because of headwinds to further ECB rate hikes.
Wall Street fell more than 1 percent on Monday as sovereign debt fears on both sides of the Atlantic and monetary tightening by China hurt the outlook for global economic growth.
Rising food and gasoline prices lifted U.S. consumer inflation as expected in March, but underlying inflation pressures remained contained, a government report showed on Friday.
Stock index futures fell on Thursday before U.S. data that could shed light on the impact of rising commodity prices and as concerns grew over Chinese inflation.
Iceland's credit ratings could be downgraded into junk debt status after its voters rejected a deal to repay Britain and the Netherlands for losses from a banking crash, Standard & Poor's said on Wednesday.
Brent crude rose above $121 on Wednesday, halting a two-day decline, as traders focused on the stalemate in Libya and a sharp fall in U.S. gasoline stocks ahead of peak demand season, while global agencies warned high prices could erode demand.
Stock indexes slid 1 percent on Tuesday as oil prices sank and Alcoa's leaner-than-expected revenue started the earnings season on a disappointing note.
British inflation eased in March for the first time since last summer as grocers cut food prices, reducing the chance of a Bank of England rate hike in May and giving it leeway to support the still shaky economy.
Wholesale Gold Bars slipped to a 3-session low in London trade on Tuesday, finally bouncing higher from $1455 per ounce - some 1.5% below yesterday's new Dollar high - as world stock markets fell and major-economy government bonds rose.
Lady Gaga has hit the headlines yet again for enduring another nasty fall on stage. The video of the singer falling off piano during her Monster's Ball tour in Houston has now gone viral.
Stocks mostly fell on Monday as energy shares sold off on lower oil prices and the onset of earnings season was clouded by concern company outlooks may fall short of expectations.
Oil prices surged the most in three weeks on Friday, with Brent jumping $4 a barrel to a 32-month high as a sinking dollar triggered a fresh rush of fund buying across the commodities spectrum.
U.S. wholesale inventories rose in February, but sales unexpectedly fell to post their largest decline in nearly two years, a government report showed on Friday.
New claims for jobless benefits fell last week and retailers racked up much stronger-than-expected sales in March, signs that high fuel prices have not knocked the economy off its growth path.
U.S. stocks fell on Thursday after Japan suffered a major aftershock, which caused injuries and renewed concerns about industrial supply disruptions and nuclear power.
New claims for unemployment benefits fell slightly more than expected last week, pointing to firming labor market conditions.
New U.S. claims for unemployment benefits fell slightly more than expected last week, according to a government report on Thursday that pointed to firming labor market conditions.
Golf legend Tiger Woods answers questions at a press conference.
Shares of Google Inc fell nearly 3 percent on Tuesday, following a Bloomberg report that the U.S. Federal Trade Commission is considering an antitrust investigation of the company's dominance of the Web search industry.
U.S. stock index futures fell on Tuesday after a slide in Apple Inc, which had its weighting cut in a rebalancing of shares in the Nasdaq 100, forcing some to sell the iPhone maker's stock.
