Forex
Forex News
Fed: Should consider more easing if outlook worsens
Sep 8th
WASHINGTON | Wed Jul 14, 2010 2:16pm EDT WASHINGTON (Reuters) – Members of the Federal Reserve felt last month they should be ready to consider additional steps to boost the economy if an already softening economic outlook took a noticeable turn for the worse, a document released on Wednesday showed. WASHINGTON (Reuters)
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Loading ...Rivalries and economy cloud Google expectations
Sep 8th
By Alexei Oreskovic SAN FRANCISCO | Wed Jul 14, 2010 8:17pm EDT SAN FRANCISCO (Reuters) – Investors have muted expectations for Google Inc’s second-quarter results, as economic clouds and shifts in the company’s strategy dampened hopes that it will beat Wall Street estimates. SAN FRANCISCO (Reuters) – Investors have muted expectations
(No Ratings Yet) Loading ...BP Capturing Half of Leaking Oil as Spending Balloons to $27 Million a Day
Sep 8th
By Brian Swint June 7 (Bloomberg) — BP Plc said that spending increasedat a faster rate on the response to the Gulf of Mexico oilspill, the worst in U.S. history. BP has spent $1.25 billion so far, the company said in astatement in London today.
(No Ratings Yet) Loading ...Subdued AgBank debut casts doubt over fundraisings
Sep 8th
By Samuel Shen and Jason Subler SHANGHAI | Wed Jul 14, 2010 10:01pm EDT SHANGHAI (Reuters) – Agricultural Bank of China (601288.SS) rose only marginally in the first minutes of its historic debut in Shanghai on Thursday, underscoring the difficult time that may lie ahead for a market that will be
(No Ratings Yet) Loading ...Wall Street bill nears the finish line in Congress
Sep 8th
By Andy Sullivan and Kevin Drawbaugh WASHINGTON | Thu Jul 15, 2010 12:23am EDT WASHINGTON (Reuters) – The broadest overhaul of U.S. financial rules since the Great Depression is likely to clear a crucial hurdle in Congress on Thursday morning, paving the way for President Barack Obama to sign the measure
(No Ratings Yet) Loading ...Asian stocks erase losses after China data
Sep 7th
By Umesh Desai HONG KONG | Wed Jul 14, 2010 9:14pm EDT HONG KONG (Reuters) – Asian stocks fell in early trade on Thursday after a downbeat assessment of the economic recovery by the U.S. Federal Reserve and with caution prevailing ahead of China’s second quarter GDP data. HONG KONG (Reuters)
(No Ratings Yet) Loading ...Bank of America’s Countrywide to Pay $108 Million to Settle FTC Fee Claims
Sep 7th
By Jeff Bliss and JoAnne Norton June 7 (Bloomberg) — Countrywide Financial Corp., themortgage company bought by Bank of America Corp., will pay $108million to settle U.S. claims it charged excessive fees tostruggling home buyers. The Federal Trade Commission announced the settlement todayat a news conference, describing the penalty as one of thelargest in the
(No Ratings Yet) Loading ...Stage set for final votes on Wall Street reform bill
Sep 7th
By Andy Sullivan and Kevin Drawbaugh WASHINGTON | Wed Jul 14, 2010 2:14am EDT WASHINGTON (Reuters) – Senate Democrats on Tuesday appeared to nail down the votes needed to approve a historic overhaul of U.S. financial regulations and set up a final vote by the end of the week
(No Ratings Yet) Loading ...Fed’s Hoenig says recovery will take time: TV
Sep 7th
WASHINGTON | Wed Jul 14, 2010 9:10am EDT WASHINGTON (Reuters) – Kansas City Federal Reserve President Thomas Hoenig on Wednesday said that the U.S. economy will continue to recover, but it will take time to reach the Fed’s targets for minimal unemployment and inflation.
(No Ratings Yet) Loading ...Marsh & McLennan to Sell Kroll for $1.13 Billion to Cherkasky’s Altegrity
Sep 7th
By Andrew Frye June 7 (Bloomberg) — Marsh & McLennan Cos., the second-largest insurance broker, agreed to sell its Kroll security-consulting operation to a buyout firm for $1.13 billion to focus on its main business of matching insurance buyers and sellers. Altegrity Inc., led by former Marsh & McLennan ChiefExecutive Officer Michael Cherkasky, will have
(No Ratings Yet) Loading ...BP Disaster Shows $9.82-a-Barrel Profit Buying 2018 Oil While Selling Spot
Sep 6th
By Alexander Kwiatkowski and Margot Habiby June 7 (Bloomberg) — The oil market is signaling thatprices have nowhere to go but up as the biggest spill in U.S.history curbs drilling and makes it more expensive to developnew fields. Crude’s premium for delivery in eight years compared withtoday’s price rose 86 percent since the BP Plc-leased
(No Ratings Yet) Loading ...Panel hears final pleas on Glaxo diabetes drug
Sep 6th
By Lisa Richwine GAITHERSBURG | Tue Jul 13, 2010 9:48pm EDT GAITHERSBURG Md (Reuters) – GlaxoSmithKline Plc has agreed to pay $460 million to settle thousands of lawsuits over its Avandia diabetes pill, Bloomberg reported on Tuesday, on the eve of a crucial vote by U.S. experts on whether the pill
(No Ratings Yet) Loading ...Autos, gasoline drag retail sales lower in June
Sep 6th
WASHINGTON | Wed Jul 14, 2010 8:46am EDT WASHINGTON (Reuters) – Sales at retailers fell for a second month in June, pulled down by weak receipts at automotive dealers and gasoline stations, according to a government report on Wednesday that added to evidence the economic recovery was proceeding at a moderate pace.
(No Ratings Yet) Loading ...Goldman Sachs Documents Subpoenaed by U.S. Financial-Crisis Investigators
Sep 5th
By Jesse Westbrook June 7 (Bloomberg) — The U.S. panel investigating thecauses of the financial crisis issued a subpoena to GoldmanSachs Group Inc. after the Wall Street firm failed to hand overdocuments in a “timely manner.” The Financial Crisis Inquiry Commission “has made it clearthat it is committed to using its subpoena power” if firmsunder
(No Ratings Yet) Loading ...Wall Street slips on June retail sales, but Intel helps
Sep 5th
LONDON | Wed Jul 14, 2010 5:31am EDT LONDON (Reuters) – Stock index futures pointed to a higher open for Wall Street on Wednesday, boosted by upbeat earnings from technology firm Intel (INTC.O), with S&P 500 futures up 0.6 percent, Nasdaq futures 1.1 percent higher, and futures for the Dow Jones industrial
(No Ratings Yet) Loading ...Yum shares fall on 2010 view
Sep 5th
LOS ANGELES | Tue Jul 13, 2010 4:29pm EDT LOS ANGELES (Reuters) – Yum Brands Inc (YUM.N), parent of the KFC, Taco Bell and Pizza Hut chains, reported better-than-expected profit on Tuesday but shares fell 3.6 percent after its new 2010 earnings target missed analysts’ view. LOS ANGELES (Reuters) – Yum Brands
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