Latest US Markets News
RSS-
MIDEAST WEEKAHEAD-Gulf markets can ride out political risk
Thu Jun 20, 2013 12:49am EDT * Escalation of Syrian civil war worries Gulf Arab states * Saudi stocks suffer biggest one-day fall in two years * But good economic backdrop expected to prevent any downtrend * Kuwait faces political uncertainty before surprise elections * But market sees good chance of another cooperative parliament By Nadia Saleem DUBAI, June 20 (Reuters) - Gulf Arab stock ...
-
Metals Stocks Gold prices drop as Fed signals stimulus slowdown
LOS ANGELES (MarketWatch) -- Gold futures dropped Thursday, stung after the Federal Reserve signaled that it may reduce the amount of monetary stimulus it provides as early as this ...
-
Rupee hits lifetime low of 59.94 in early trade bonds stocks slump
foreign capital inflows to fund its current account deficit. Market were also hit by data showing China's factory activity weakened to a nine-month low in June. The rupee fell to a record low of 59.9350 to the dollar, breaching past its all-time low of 58.98 on June 11. The rupee was trading at 59.82/81, down from its 58.71/72 close on ...
More US Markets News
RSS-
TREASURIES-Bonds pause slide after weak China factory data
TOKYO, June 20 | Thu Jun 20, 2013 12:22am EDT TOKYO, June 20 (Reuters) - Weak Chinese manufacturing data on Thursday helped put a floor under U.S. Treasuries prices, which steadied after first extending losses in Asia in the wake of Federal Reserve Chairman Ben Bernanke's signal that the U.S. central bank could begin tapering its asset-purchasing stimulus later this year. * ...
-
Federal Reserve boosts outlook as U.S. recovery picks up speed
Traders work on the floor of the New York Stock Exchange as Ben S. Bernanke, chairman of the U.S. Federal Reserve, speaks on television, Wednesday, June 19, 2013. (Jin ...
-
UPDATE 2-Storm Barry heads for Mexico Gulf coast oil installations
Wed Jun 19, 2013 11:08pm EDT MEXICO CITY, June 19 (Reuters) - Tropical Storm Barry, the second of the Atlantic hurricane season, strengthened as it churned toward Mexico on Wednesday, threatening to bring heavy rains to oil and power installations near the country's Gulf coast. The Minatitlan oil refinery of state oil monopoly Pemex and the Laguna Verde nuclear power plant, both in Veracruz ...
-
REPEAT-GLOBAL MARKETS-Asian stocks tumble on weak China PMI Fed policy plan
Wed Jun 19, 2013 11:03pm EDT * MSCI Asia ex-Japan slides 2.8 pct to 9-month low * U.S. Treasury yields hit 15-mth high, underpin dollar * China "flash" PMI hit 9-month lows * Asian credit market spreads widen 23 points By Chikako Mogi TOKYO, June 20 (Reuters) - Asian shares tumbled to nine-month lows on Thursday as slowing Chinese manufacturing activity exacerbated sentiment already ...
-
Singapore demands action from Indonesia on haze
By Kevin Lim SINGAPORE, June 20 | Wed Jun 19, 2013 10:46pm EDT SINGAPORE, June 20 (Reuters) - Singapore called on Thursday for "definitive action" from Indonesia as air quality stuck at very unhealthy levels for a second day because of forest fires in its neighbour, disrupting businesses in the prosperous city-state. Work at several Singapore construction sites slowed with few ...
-
Federal Reserve policymaking group has power over economy through control of interest rates
The Federal Reserve's chief policymaking group, the Federal Open Market Committee, has vast power over the economy through its ability to set monetary policy. Here is a look at how the FOMC operates. Q: What is the FOMC's primary role? A: Its mission is to keep the economy, inflation and employment on a healthy track. When the economy weakens, Fed policymakers cut interest rates or ...
-
UPDATE 2-Sony pressed for response on spin-off plan at shareholder meet
Wed Jun 19, 2013 10:34pm EDT * Shareholders press CEO Hirai for detailed stance on spin-off proposal * Hirai says Sony's board will consider Third Point's proposal carefully By Mari Saito TOKYO, June 20 (Reuters) - Sony Corp shareholders pressed its chief executive on Thursday for a response to a proposal by hedge fund Third Point to spin off its profitable entertainment business, aiming ...
-
Japanese Market Tumbles On Wall Street Lead
Stocks tumbled in early trades in the Japanese market on Thursday, with investors indulging in some heavy selling following Wall Street's weak close overnight on the back of a negative reaction to the Fed's statement about an end to its asset purchase program by mid-2014.However, with some front line stocks bouncing back on strong support at lower levels, the market regained some lost ...
-
News Wrap Federal Reserve Paints Brighter Economic Picture
In other news Wednesday, the Federal Reserve estimated unemployment will fall a little faster than expected in 2013 and 2014. Also, the Internal Revenue Service is in the spotlight again, this time for its plans to pay bonuses to employees despite a White House directive to stop those payments under automatic spending ...
-
The Federal Reserve maintains monetary stance interest rate rise after 2014 diminished downside risks
The Federal Open Market Committee (FOMC) ended its two-day monetary policy meeting on Wednesday and agreed to keep its benchmark interest rate unchanged at a record low between 0.0% and 0.25%, while the FOMCs statements had not seen any ...
-
US stocks trade nearly flat before FOMC announcement
US stocks traded nearly flat in midday Wednesday after a wobbly morning session, as investors stayed on the sidelines before the release of the Federal Open Markets Committee's (FOMC) policy meeting announcement this afternoon.With no major US data due on Wednesday, all eyes are on the announcement and what Fed Chairman Ben Bernanke would say in his press conference for any hint of a ...
-
INDIA PRESS-Wipro gets Citi outsourcing contract likely worth nearly $500 mln - Economic Times
Wed Jun 19, 2013 10:21pm EDT ---------- Note: Reuters has not verified these stories and does not vouch for their ...
-
UPDATE 1-China June flash HSBC PMI hits 9-month low on weak demand
Wed Jun 19, 2013 10:11pm EDT By Kevin Yao BEIJING, June 20 (Reuters) - China's factory activity weakened to a nine-month low in June as demand faltered, a preliminary survey showed, heightening risks that a second quarter slowdown could be sharper than expected and raising the heat on the central bank to loosen policy. The flash HSBC Purchasing Managers' Index fell to 48.3 in June from ...
-
Sony to consider Third Points proposal -Sony CEO Hirai
TOKYO, June 20 | Wed Jun 19, 2013 9:43pm EDT TOKYO, June 20 (Reuters) - Sony Corp CEO Kazuo Hirai said on Thursday that the electronics firm's board will consider hedge fund Third Point's suggestion to spin-off the electronics company's profitable entertainment arm. Hirai made the comments at an annual shareholders' meeting in Tokyo. Hirai said it was important for Sony ...
-
Nikkei falls on U.S. stimulus withdrawal fears GS Yuasa soars
* Nikkei down 0.7 pct, Topix off 0.6 pct * Real estate shares down * GS Yuasa soars on battery JV with Bosch By Ayai Tomisawa TOKYO, June 20 (Reuters) - Japan's Nikkei share average fell on Thursday after Federal Reserve Chairman Ben Bernanke confirmed market fears that the U.S. central bank could trim its bond buying programme later this year, but a weakening yen lifted some exporters and ...
-
Euro ministers to decide direct bank recapitalisation rules on Thursday
By Jan StrupczewskiBRUSSELS (Reuters) - Euro zone finance ministers will decide on Thursday when and how their bailout fund can invest in a bank to save it from failure, laying a cornerstone of the banking union seen as vital to restore economic growth.Ministers from the 17 countries using the euro will also set guidelines for how much a government would have to contribute to such a bank rescue, ...
-
Nikkei falls as Fed signals possible roll back of stimulus
Reset TOKYO (June 20): Japan's Nikkei share average fell on Thursday after Federal Reserve Chairman Ben Bernanke confirmed market fears that the U.S. central bank could trim its bond buying programme later this year. The Nikkei dropped 1.1 percent at 13,100.86, while the broader Topix shed 0.8 percent to 1,097.75. - ...
-
REFILE-John McAfee resurfaces as ranting video star mocks McAfee software
Wed Jun 19, 2013 9:15pm EDT * Eccentric software pioneer making series of YouTube videos * Says bashes McAfee software because users blame him for bugs * Says negotiating with Hollywood studios over possible movie By Jim Finkle BOSTON, June 19 (Reuters) - Eccentric software pioneer John McAfee is back in the spotlight - lashing out at the anti-virus software that bears his name in a ...
-
What to watch Bonds may suffer too as Fed shifts
Fed Chairman Ben Bernanke is seen on a television screen as trader James Dresch works in a booth on the floor of the New York Stock Exchange on ...
-
Press Digest - China - June 20
SHANGHAI, June 20 | Wed Jun 19, 2013 9:10pm EDT SHANGHAI, June 20 (Reuters) - Chinese newspapers available in Beijing and Shanghai carried the following stories on Thursday. Reuters has not checked the stories and does not vouch for their accuracy. CHINA SECURITIES JOURNAL - China Securities Regulatory Commission will introduce new policies to simplify administrative approvals for ...
-
UPDATE 1-Ebix Goldman affiliate scrap merger deal due to regulatory probe
Wed Jun 19, 2013 8:52pm EDT June 19 (Reuters) - Ebix Inc said that it and an affiliate of Goldman Sachs Group Inc decided to cancel their planned merger after U.S regulators started an investigation into allegations of misconduct at Ebix, an insurance software provider. Atlanta-based Ebix said it was notified of the investigation in a letter that it received on June 14 from the U.S. Attorney for ...
-
Yahoo rejects fears hackers will exploit old user IDs
By Alexei Oreskovic SAN FRANCISCO, June 19 | Wed Jun 19, 2013 8:46pm EDT SAN FRANCISCO, June 19 (Reuters) - Yahoo Inc on Wednesday downplayed concerns that its plans to recycle inactive user IDs could leave users exposed to hackers, saying only 7 percent of those IDs are tied to actual Yahoo email accounts. The Internet company, which announced last week it would release user IDs that ...
News from around our Network
