Posted by Reuters: Business News on February 3, 2012
NEW YORK (Reuters) – Stock index futures edged higher on Friday as investors awaited the monthly payrolls report to see whether to make more large bets in risk assets after recent equity gains.
Posted by Reuters: Business News on January 25, 2012
NEW YORK (Reuters) – Stocks rose further on Wednesday and the Nasdaq climbed 1 percent after the Federal Reserve said it would keep interest rates “exceptionally low” at least through 2014 in a move likely to drive money into riskier assets.
Posted by Reuters: Business News on January 10, 2012
HONG KONG (Reuters) – Bank of America-Merrill Lynch , the second-largest U.S. bank by assets, is cutting around a fifth of its managing directors across its Asia investment banking division, sources said on Monday, in a bid to cut costs as the outlook sours in a once-booming region.
Posted by Reuters: Business News on January 6, 2012
NEW YORK (Reuters) – Stocks fell on Friday despite a strong jobs report as concerns about Europe’s debt crisis stayed in the spotlight, keeping investors away from riskier assets.
Posted by Reuters: Business News on
LONDON (Reuters) – The euro was under pressure and safe-haven assets in demand on Friday on signs that fallout from the euro zone’s debt crisis is hitting its banks, but hopes U.S. jobs data later in the day would brighten the economic outlook lifted stocks.
Posted by Reuters: Business News on January 4, 2012
TOKYO (Reuters) – Exxon Mobil is in talks to sell most of its 50 percent stake in TonenGeneral Sekiyu KK back to its Japanese refining partner and unload other assets in Japan in a deal that could be worth as much as $5 billion, four sources with knowledge of the matter said.
Posted by Reuters: Business News on
(Reuters) – MF Global unloaded hundreds of millions of dollars’ worth of securities to Goldman Sachs in the days leading up to its collapse, according to two former MF Global employees with direct knowledge of the transactions. But it did not immediately receive payment from its clearing firm and lender, JPMorgan Chase & Co , one of the sources said.
Posted by Reuters: Business News on January 3, 2012
(Reuters) – MF Global unloaded hundreds of millions of dollars’ worth of securities to Goldman Sachs in the days leading up to its collapse, according to two former MF Global employees with direct knowledge of the transactions. But it did not immediately receive payment from its clearing firm and lender, JPMorgan Chase & Co , one of the sources said.
Posted by Reuters: Business News on
(Reuters) – Prosecutors accused three Swiss bankers on Tuesday of conspiring with wealthy U.S. taxpayers to hide more than $1.2 billion in assets from tax authorities, and sources briefed on the matter said the three worked for Wegelin & Co, one of Switzerland’s oldest private banks.
Posted by Reuters: Business News on
SINGAPORE (Reuters) – Asian stocks rose on Tuesday as the first trading day of 2012 in most markets brought renewed appetite for riskier assets, while U.S. crude jumped more than 1.5 percent to above $100 a barrel on escalating tensions between Iran and the West.
