Latest World Markets News
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Underwater homeowners fall to 13 million
WASHINGTON (MarketWatch) -- As home prices increased, the number of owners who owed more on a home than the property was worth fell to about 13 million in the first quarter from 15.7 million during the same period in the prior year, according to data released Thursday by Zillow, an online real estate database. On a percentage basis, 25.4% of all homeowners with a mortgage had negative equity in ...
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Hewlett-Packard shares up 12 after earnings beat
+0.57% shares were up more than 12% in premarket trading on Thursday after the firm reported better-than-expected earnings for the second-quarter. The tech-giant was able to hold margins on its products, despite a drop in earnings. The firm is going through a turnaround which could take several years, said Meg Whitman, who took over as CEO in ...
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YOUR MONEY-Wall St. on the silver screen Pros pick top movies
Thu May 23, 2013 7:59am EDT (The author is a Reuters contributor. The opinions expressed are his/her own.) By Chris Taylor NEW YORK May 23 (Reuters) - In the annals of Hollywood, Wall Street has not been treated very kindly. From "Wall Street" to "Boiler Room", "Trading Places" to "American Psycho", the halls of finance are usually portrayed as places of shiny ...
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Majid Al Futtaim may sell dollar-denominated bonds
Majid Al Futtaim Holding , which bought Carrefour's 25 per cent stake in its Middle East joint venture, may sell bonds, according to three people familiar with the plans. The Dubai-based company will hold investor meetings in the United Arab Emirates, Asia and Europe from May 26 and a sale of dollar-denominated, perpetual securities may follow subject to market conditions, according to the ...
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Global Markets Reel on Nikkeis 7.3 Slide
Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago. Several reasons have been blamed for the 7.3 percent fall in the Nikkei index to 14,483.98, including a spike in Japanese government bond yields ...
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Japan stocks plunge 7
A seven-month rally in Japanese stocks came to an abrupt halt Thursday as the benchmark Nikkei index plunged by 7.3%, with investors rattled by weak economic data from ...
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U.K. probes terror attack in London - CNN
NEW: David Cameron says Britain will be "absolutely resolute" in the face of extremism A UK Muslim radical leader says he knows a man named as a suspect on social media Government ministers and security officials attend an emergency meeting Video shows a man with a cleaver and swearing "by Allah" to keep ...
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Currencies Dollar tumbles vs. yen as Japan stocks sink
LONDON (MarketWatch) -- The dollar slumped on Thursday, dropping closer to the 100-yen level, as Japanese stocks plunged on the back of disappointing Chinese data and fears the U.S. Federal Reserve could soon begin to reduce its bond ...
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NBAD plans USD 350 million senior convertible bonds
WAM ABU DHABI: National Bank of Abu Dhabi P.J.S.C. (NBAD) has announced plans to sell USD 350 million senior unsecured convertible bonds due 2018 (the "Bonds") convertible into ordinary shares of NBAD ("NBAD Shares") with an increase option of up to USD 35 million. NBAD appointed BofA Merrill Lynch, Barclays and J.P. Morgan Securities plc as Joint Global Co-ordinators and ...
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China and Fed fallout to weigh on U.S. stocks
U.S. stocks fell Wednesday after mixed messages from the Federal Reserve about its ongoing bond-buying program. Stocks had rallied earlier as investors welcomed comments from Fed ...
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Global Markets Down After Bernanke QE Talk
The FTSE lost close to two percent in early trading on the back of signs the US may wind down quantitative easing measures and weak Chinese data. The losses were reflected across European bourses, spooked by a seven percent plunge on Japan's Nikkei index. London's benchmark FTSE 100 index retreated 1.74 percent, Frankfurt's DAX 30 slumped 2.33 percent and in Paris the CAC 40 ...
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Euro-zone PMI rises to three-month high
LONDON (MarketWatch) -- Private-sector activity in the 17-nation euro zone continued to shrink in May, albeit at a slower pace than in previous months, according to the preliminary Markit composite purchasing managers' index released on Thursday. The index rose to a three-month high of 47.7 from 46.9 in April, beating expectations, but still well below the 50-mark that separates expansion ...
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LinkedIns star rising past Facebook
Just more than a year has passed since Facebook's hyped listing, the biggest since Google, and a good time to see how the stock has fared and whether investors who jumped on the bandwagon at listing have benefited. Although not directly comparable, it is worth having a look at how business networking site LinkedIn has done on the market when compared against its social peer as a yard ...
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Mazor Robotics to begin trading on Nasdaq next week
MZOR ) will begin trading on Nasdaq Capital Market next Tuesday. The company will list American Depositary Shares (ADSs), each of which will represent two shares traded on the Tel Aviv Stock Exchange (TASE). The ADRs will be traded under the ticker "MZOR". Trading in the ADSs will be through the Bank of New York Mellon. Mazor develops and sells the Renaissance surgical navigation robot ...
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China factory activity falls
Fears of a slowdown in global growth were reinforced Thursday as a preliminary report on China's manufacturing in May showed activity contracted for the first time in seven ...
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HP soars as turnaround continues
Hewlett-Packard is still struggling to turn itself around. But here's the good news for HP and CEO Meg Whitman: When Wall Street estimates are set at rock bottom, they're easy to ...
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Japan stocks plunge on weak China data
A seven-month rally in Japanese stocks came to an abrupt halt Thursday as the benchmark Nikkei index plunged by 7.3%, with investors rattled by weak economic data from ...
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Heavy Sell-Off on Asian Equities
The Asian markets were squeezed by heavy sell-off on the equity markets. Nikkei 225 closed 7.32% down after having rallied to 5 year high; Hang Seng slid 2.35% as HSBC flash manufacturing PMI index retreated to 49.6 - its 7-month low - indicating that Chinese manufacturing contracted in May. Taiex and Kospi index fell 1.92% and 1.24%, while the Australian ASX 200 index lost 2% as the inflation ...
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Obama to limit drone strikes restart Guantanamo closure
Obama will say Thursday. The president will also announce new limits to unmanned combat drone strikes, the officials said of the program that has been central to White House efforts to combat terrorism. Obama's 2 p.m. speech at the Defense Department's National Defense University in Washington will lay out how he intends to bring his counter-terrorism policies in line with the legal ...
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HP raises earnings outlook
HP raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While fiscal second-quarter profit plummeted 32%, Wall Street had braced for worse. HP shares gained 14% after the company projected full-year earnings per share of $3.50 to $3.60, raising ...
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Aust bonds weaker on Bernanke comments
AUSTRALIAN bond futures prices spent the local session trading lower after comments from US Federal Reserve chairman Ben Bernanke fuelled expectations key stimulus measures in the world's largest economy would be wound ...
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Japan government bonds gyrate 10-year yield jumps
TOKYO (MarketWatch) -- Japanese government bonds swung wildly on Thursday, recouping morning losses after the Bank of Japan acted to stabilize the market ...
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Dollar sinks below 102 yen on Japan stock slump
stocks in Japan plunged on back of fears the U.S. Federal Reserve could begin to pare back its bond-buying program. In addition, weak data from China also weighed heavily on Asia markets. The dollar exchanged hands at 101.57 in recent trade, a more than 1% move south from levels seen late Wednesday in North America. Wall Street stocks finished lower on Wednesday and U.S. stock futures were ...
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Treasuries and gold turned lower and equities retreated
"A premature tightening of monetary policy could lead interest rates to rise temporarily but would also carry a substantial risk of slowing or ending the economic recovery and causing inflation to fall further," Bernanke said today in testimony to the Joint Economic Committee of Congress in Washington. Bernanke lamented the human and economic costs of an unemployment rate at 7.5 ...
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GLOBAL MARKETS-Shares sink on U.S. stimulus pullback Chinese growth fears
Thu May 23, 2013 5:57am EDT * World shares fall sharply on fears Fed could taper bond-buying * Weak Chinese factory, euro zone sentiment data add to concerns, * Nikkei falls 7.3 pct, European shares down over 2.0 pct * Yen gains vs dollar and euro, German bonds firm By Richard Hubbard LONDON, May 22 (Reuters) - Share markets fell sharply on Thursday as investors piled back into safer assets, ...
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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