Latest World Markets News
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Europe steps up tax fight
European leaders took the fight to tax cheats Wednesday with a pledge to share bank account data across the European Union and accelerate initiatives to tackle abuse by ...
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Stocks erase gains as Bernanke rally fades
But the momentum evaporated after the Fed released minutes from its latest policy meeting. The minutes said "a few members" of the Fed's monetary policy committee were concerned about investors' expectations for the overall size of the central bank's bond buying program. Despite those concerns, the committee voted to continue buying $85 billion worth of long-term ...
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Auto plants skipping summer shutdowns
U.S. car sales are up about 7%, to a 15.2-million-vehicle annual pace, and the rest of the year looks even stronger. "It's a strong signal on what's to come, a stronger second half of the year," said Jeff Schuster, senior vice president of forecasting at market researcher LMC Automotive, about the summer production plans. "No one wants to be caught without the right mix ...
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Wall St dips as Fed opens taper door
US stocks and bonds fell, both giving up earlier gains, after Federal Reserve chief Ben Bernanke suggested the central bank might scale back stimulus measures as early as at its next meeting."If we see continued improvement and we have confidence that that is going to be sustained, then we could in-in the next few meetings, we could take a step down in our pace of ...
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Oil closes lower on U.S. supply Fed QE hints
closed lower on Wednesday as a U.S. government report showing a modest weekly decline in crude inventories failed to ease concerns over ample supplies. Hints that the Federal Reserve may soon begin to tighten monetary policy also weighed on oil. July ...
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Man dead in suspected U.K. terror attack reports
NEW YORK (MarketWatch) -- A man was killed Wednesday after being attacked by machete-wielding assailants in broad daylight near an army barracks in southeast ...
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SEC charges South Miami with defrauding investors
WASHINGTON (MarketWatch) - The city of South Miami was charged by the Securities and Exchange Commission Wednesday with defrauding and misleading investors about the status of municipal bonds it issued. Specifically, the SEC alleges that the city misrepresented to investors about whether it was eligible to receive tax-exempt financing for a mixed-use retail and parking structure being built in ...
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Treasurys pare some losses on FOMC minutes
NEW YORK (MarketWatch) -- Treasurys, which took a dive earlier Wednesday on comments made by Federal Reserve Chairman Ben Bernanke, pared some of their losses after the release of the minutes from the Fed's May meeting. The benchmark 10-year ...
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Cost of Oklahoma tornado seen topping $2 billion
NEW YORK (MarketWatch) - The Oklahoma Insurance Department is putting a preliminary financial cost of more than $2 billion from the tornado that battered the Oklahoma City suburb of Moore and killed 24 people, according to the Associated Press. The disaster zone stretches more than 17 miles and the tornado was on the ground for 40 minutes. Insurance companies have yet to issue their own ...
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Gold ends lower as Bernanke offers mixed QE signal
SAN FRANCISCO (MarketWatch) -- Gold futures as investors mulled the potential that the U.S. Federal Reserve will soon begin to tighten monetary policy. Fed Chairman offered mixed signals in testimony to Congress, warning that premature tightening would hurt growth, but he also suggested that the central bank could start to taper bond purchases in the next few meetings. June ...
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Number on Fed backed tapering as early as June
WASHINGTON (MarketWatch) - While there was no consensus among Federal Reserve officials on when the central bank could begin to slow down asset purchases, a "number" of central bank officials were willing to taper as soon as their next meeting in June, according to the minutes of their April 30-May 1 meeting released Wednesday. On the other hand, a "couple" of Fed officials ...
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US STOCKS SNAPSHOT-Wall St extends losses after Fed minutes
NEW YORK | Wed May 22, 2013 2:20pm EDT NEW YORK May 22 (Reuters) - U.S. stocks fell in choppy trading Wednesday, with the Dow briefly falling more than 1 percent, following remarks by Federal Reserve Chairman Ben Bernanke which suggested the central bank was not ready to pull back on its economic stimulus efforts but may act if the economy continues to improve. The Dow Jones industrial ...
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US STOCKS-Wall St little changed as investors weigh Bernanke comments
Wed May 22, 2013 2:02pm EDT * Bernanke touts benefits of Fed easing, but hints could act * Stocks choppy after hitting highs earlier * Dow up 0.2 pct, S&P off 0.02 pct, Nasdaq off 0.3 pct By Leah Schnurr NEW YORK, May 22 (Reuters) - U.S. stocks were little changed in choppy trading Wednesday, after giving up earlier gains following remarks by Federal Reserve Chairman Ben Bernanke which suggested ...
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GLOBAL MARKETS-Bernanke spurs stock volatility dollar gains
* Dollar index up after Bernanke comments on stimulus * U.S. stocks turn lower, S&P 500 comes off high * Treasuries fall on comments on possible tapering * Crude oil tumbles after jump in supplies By Ryan Vlastelica NEW YORK, May 22 (Reuters) - Stocks, bonds and currencies took a wild ride on Wednesday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank's massive ...
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Vatican moves to clean up finances
The document from the Financial Intelligence Authority shows six reports of "suspicious activity" in the past year, up from just one in 2011. It says the Vatican's prosecutors are investigating two of those reports for possible criminal activity, though it wouldn't elaborate further. The 64-page report details how the Vatican is looking to crack down on money laundering and ...
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Stocks rise after Federal Reserve Chairmans stimulus comments
NEW YORK – Stocks are moving higher Wednesday after Federal Reserve Chairman Ben Bernanke said it was too soon for the central bank to pull back on its economic stimulus programs. Investors were also encouraged by news that sales of previously-occupied U.S. homes rose last month to the highest level in three and a half years. The Dow Jones industrial average was up 40 points before ...
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US STOCKS SNAPSHOT-Wall Street pares gains Nasdaq negative
NEW YORK | Wed May 22, 2013 1:38pm EDT NEW YORK May 22 (Reuters) - U.S. stocks pared gains on Wednesday as traders continued to digest Congressional testimony by Federal Reserve Chairman Ben Bernanke, including the timeline for ending or slowing the Fed's massive economic stimulus program. The Dow Jones industrial average rose 48.49 points or 0.32 percent, to 15,436.07, the S&P 500 ...
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UPDATE 8-Oil falls as Fed minutes send U.S. equities down
Wed May 22, 2013 3:55pm EDT * Higher U.S. gasoline, crude stocks weigh on prices * U.S. equities fall on Fed minutes * Dollar hits 4-1/2-year high versus yen (Updates prices to settlement, adds Fed minutes) By Anna Louie Sussman NEW YORK, May 22 (Reuters) - Brent crude extended losses in late trading on Wednesday to settle below $103 a barrel, after minutes from the Federal Reserve sent U.S. ...
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Li’s visit cements bonds but contention shadows region
Chinese Premier Li Keqiang has arrived on his first visit to Pakistan after assuming office. It's a gesture of how important China's relations with Pakistan are. The visit is aimed at further deepening economic, political and strategic relations between the two countriesPremier Li's trip includes meetings with Pakistani President Asif Ali Zardari and the soon-to-be Prime Minister ...
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Fitch Confirms AAAF1+ on NY Liberty Devel Corp 2010A-1 Recovery Zone Bonds
Fitch: Recession Concern Dampens European Investor Sentiment An increasing number of investors expect fundamental credit conditions will deteriorate across sectors, according to a Fitch Ratings investor survey. The more circumspect sentiment was most notable for the sovereign segment, where the proportion of survey respondents anticipating worsening conditions more than doubled to 55%, from 24% ...
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World Bank Insider Blows Whistle on Corruption Federal Reserve
A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered around the privately owned U.S. Federal Reserve. The network has seized control of the media to cover up its crimes, too, she explained. In an interview ...
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Wall Street opens higher ahead of Bernanke
New York - US stocks edged higher at the open on Wednesday, ahead of highly anticipated testimony in Congress by Federal Reserve Chairman Ben Bernanke on the economy and monetary ...
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Stocks pop as Bernanke eases fears
Bernanke told lawmakers that the Fed is aware of the potential risks associated with its bond-buying program, but said slowing the pace of purchases and raising interest rates prematurely could derail the economic ...
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Market Snapshot U.S. stocks rally after Bernanke starts testimony
NEW YORK (MarketWatch) -- U.S. stocks rallied on Wednesday after Federal Reserve Chairman Ben Bernanke calmed worries that the central bank may begin tapering its bond-buying program ...
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Pandora rises following new Facebook sharing ties
-0.23% new music section. Pandora listeners will be able to personalize what they share with options for sharing music stations, specific songs or artists. The new feature comes a day before Pandora is scheduled to report first-quarter results. Analysts surveyed by FactSet have forecast Pandora to report a loss of 10 cents a share on $123.9 million in revenue for the ...
Kyrgyzstan Featured
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Kyrgyzstan must stick to long-term development plans
While news of the political unrest and government change in early 2010 dominates the world headlines, Kyrgyzstan faces an uncertain future as long-term plans for infrastructure development are thrown into disarray and uncertainty.
Kyrgyzstan is one of the poorest countries in Central Asia and stands to benefit greatly from long-term development plans initiated under the auspices of the Central Asian Regional Economic Cooperation (CAREC) Program, if the interim government can move on from the current political crisis and stabilize the country’s economy and political future. Read more
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