Three regional Federal Reserve officials called for the U.S. central bank to stop buying mortgage-backed bonds, leading to gains in the dollar. A stronger dollar makes dollar-denominated commodities more ex
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Oil below $104 on demand worries, strong dollar
Three regional Federal Reserve officials called for the U.S. central bank to stop buying mortgage-backed bonds, leading to gains in the dollar. A stronger dollar makes dollar-denominated commodities more ex
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HSBC Signals 14,000 Jobs Cuts in $3 Billion Savings Plan
The bank expects to reduce the number of employees to as few as 240,000 over the next three years, Gulliver told reporters on a conference call today as he updated investors on his
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Forex - Dlr index near 10-month high, ECB deposit rate cut talk hits euro
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German Gross domestic product slightly up in 1st quarter of 2013
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Weak German growth sends euro lower, shares near peaks
European Central Bank president Mario Draghi said earlier this month he would cut rates further if the growth outlook worsened.
"(Draghi is) trying to be transparent and tell the market that any
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European Stocks Are Little Changed as Severn Trent Drops
ThyssenKrupp AG climbed 3.3 percent after Germany’s biggest steelmaker reported earnings that exceeded estimates. Severn Trent Plc fell 1.3 percent after the utility rejected a takeover approach fro
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U.S. companies drag their feet on Bangladesh factory safety
On Monday, six major companies -- representing some of the largest purchasers of clothes from Bangladesh -- signed on to fund a five-year, legally binding agreement that would improve factory conditions in the country. By Tuesday, four
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European shares tread water after weak German, French GDP
At 0754 GMT, the FTSEurofirst 300 index of top European shares was up 0.04 percent at 1,237.77 points, while the euro zone's blue chip Euro STOXX 50 index was down 0.3 percent at 2,786.46 poi
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Shell Targeted With BP in EU Price Fixing Probe for Oil: Energy
Royal Dutch Shell Plc (RDSA), BP Plc (BPLN), Statoil ASA (STL) and Platts, the oil-price data collector owned by McGraw Hill Financial Inc (MHFI)., said they’re being investigated after the European
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U.S. Producer prices post biggest drop in three years
The Labor Department said on Wednesday its seasonally adjusted producer price index fell 0.7 percent last month, the biggest decline since February 2010. Wholesale p
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Physical gold demand shines in first quarter: WGC
The report helps shed light on demand during the period just before April’s pl
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Don’t be fooled by market euphoria
Even Hungary, which seems to live permanently on the verge of a currency crisis, registered a mere 1.7% annual gain in its April consumer price index. Similarly low numbers are everywhere — including in the U.S., Europe and all other developed nations.
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Euro Falls for Sixth Day Before Inflation Report; Aussie Weakens
The 17-nation currency approached a six-week low on speculation the European Central Bank will have to ease monetary policy further after data yesterday showed the euro-area e
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Japan GDP trumps expectations under Abenomics
Japan's economy grew at an annual rate of 3.5% in the first three months of 2013, Japan's Cabinet Office said Thursday. The expansion was much quicker than the 2.7% increase expected by analysts.
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Gold hits one-month low, eyes longest downturn since 2009
If gold ends lower on the day, it would be its longest losing streak since March 2009. The drops have already helped to fuel another scramble for bullion that has p
