Asian stocks followed Wall Street down on Wednesday as jitters over the euro zone's debt crisis prompted investors to keep cutting riskier positions, while the euro steadied after hitting a four-year low.
World stocks fell on Tuesday and the euro slipped closer to a four-year low against the dollar as expectations that slowing growth in China and the euro zone would hamper the global economic recovery hit risky assets.
The U.S. economy grew at a slightly slower pace than previously estimated in the first quarter but the recovery still appeared solid, suggesting the economy could withstand fallout from the European debt crisis.
Stocks sank in a broad global sell-off on Tuesday as investors worried that Europe's banking problems and North Korea's threats of military action against South Korea could derail the economic recovery.
Single-family home prices were unchanged in March from February, but fell in the first quarter on renewed price pressure, Standard & Poor's/Case Shiller home price indexes showed on Tuesday.
Asia stocks fell to multi-month lows, the euro slid and oil and higher yielding currencies weakened on Tuesday on fears that Europe's sovereign debt woes will trigger a renewed crisis in the continent's banking sector.
Europe's debt crisis may be prolonged and hamper global economic recovery, Japanese policymakers said on Tuesday, as fears of a double-dip recession piled more pressure on equities and the battered euro.
Asian stocks fell to multi-month lows and the euro slipped on Tuesday on fears that Europe's sovereign debt woes will trigger a renewed crisis in the continent's banking sector.
Stock index futures fell on Thursday as concerns grew that recent share declines caused by euro-zone turmoil in the handling of the sovereign debt crises could lead to a wider correction.
Stock index futures fell on Thursday as concerns grew that recent share declines caused by euro-zone turmoil in the handling of the sovereign debt crises could lead to a wider correction.
Stocks fell on Wednesday as Germany's unilateral action to ban specific trades on some stocks and bonds sparked a fresh wave of uncertainty and risk aversion among anxious investors.
Mortgage applications declined 27.1 percent last week compared to the previous week, on a seasonally adjusted basis, according to the Mortgage Bankers Association weekly survey.
(Corrects name in 4th paragraph to Ruskin, instead of Raskin)
With the rapid onset of the worldwide recession in late 2008, marked by sharp drops in commodity prices that continued till 2009 marked notable implications on base metals, where the global mergers and acquisitions activities came almost to a halt.
United Nation's Food and Agriculture Organisation said global wheat crop is to fall by more than 7 million tonnes this year as poor prices turn farmers off the grain. The global wheat harvest will come in at 675m tonnes this year, below last year's level and the record 683.8m tonnes set in 2008, FAO said in a report.
Global gold demand is set to fall in 2010 if the sales of the yellow metals on Akshay Tritiya were any indication. Most of the buyers stayed home instead of visiting jewellery shops on Akshay Tritiya, an auspicious day for Indians to buy gold. Most of the jewellery showrooms wore a deserted look on Akshay Tritiya (May 16) even though the price of gold eased from a record high Rs 18,508 on Friday to Rs 18,397 per 10 gm.
Stocks fell on Friday on a combination of retailers' weak earnings, Senate backing for limits on credit card fees and concerns over whether European countries can pay their public debt obligations.
Stocks fell on Friday on a combination of weak earnings from retailers, Senate backing for limits on credit card fees and concerns over the sustainability of European public debt.
The beleaguered euro hovered just above a major support level of $1.25 on Friday as worries about Europe's debt problems plagued markets, pressuring stocks and pushing safe-haven gold to near record highs.
Stocks fell on Thursday as downbeat comments on the economy from tech company Cisco Systems Inc and retail chain Kohl's Corp cast doubt on the strength of the U.S. recovery.
Stocks fell on Thursday as downbeat comments on the economy from tech company Cisco Systems Inc and retail chain Kohl's Corp cast doubt on the strength of the recovery.
The Dow and the S&P 500 fell in a volatile session on Tuesday as fears that a $1 trillion bailout for Europe won't solve the region's deep-seated problems blunted an improving U.S. economic picture.