Latest World Markets News
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Wall Street is writing its own regulation bill
USA Bank lobbyists have a direct influence on financial legislation drafted in Congress, and are in some cases even writing the measures themselves. Citigroup this month drafted a regulation bill that has already passed through a House committee. To soften financial regulations, bank lobbyists frequently 'assist' lawmakers in writingdraft legislation that serves to benefit them at ...
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Investors consider life after Fed stimulus
The bull market hit a speed bump this week as investors begin to consider what life will be like when the Federal Reserve starts to taper off its long-standing asset purchasing ...
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Pandora shares fall late on profitability concerns
-4.25% shares turned south in afternoon trading Friday, closing with a loss of 73 cents a share, or 4.3%, at $16.43. On Thursday, the online radio company reported better-than-expected first-quarter results and gave an upbeat second-quarter forecast. Pandora's shares hit a 52-week-high of $19.37 early Friday before questions about the quality of its results weighed on the stock. ...
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U.S. stocks halt four-week run of gains
SAN FRANCISCO (MarketWatch) -- U.S. stocks ended slightly lower Friday--though blue-chips squeaked out a mild gain--and broke a four-week winning streak as anticipation of the end to the Federal Reserve's quantitative easing cooled a rally that's repeatedly knocked through highs. The Dow Jones Industrial ...
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Yahoo has offered to buy Hulu report
+1.19% has made an offer to acquire Hulu, a media report said Friday. Yahoo, which has just announced a deal to buy Tumblr for $1.1 billion, has joined other bidders for the popular online video site, the AllThingsD blog said, citing an unnamed source. Shares of Yahoo were up 1.4% in afternoon trades. Yahoo could not immediately be reached for ...
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New York sees more mortgage violations report
NEW YORK (MarketWatch) -- New York Attorney General Eric Schneiderman said there is mounting evidence that banks have violated the terms of a settlement designed to end mortgage servicing abuses, according ...
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Oil futures end lower for the day and week
SAN FRANCISCO (MarketWatch) -- Oil futures to tally a loss of about 2% for the week after manufacturing data from China a day earlier fed concerns over energy demand. July ...
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Gold futures fall for the day but gain on the week
SAN FRANCISCO (MarketWatch) -- Gold futures , but prices still finished roughly 1.6% higher for the week after losses in global stock markets and a weaker dollar helped lure investors back to the precious metal a day earlier. Among the most-active contracts, June ...
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Wall Street on track for first losing week since mid-April
US stocks mostly declined for a third day, putting indexes on track, on lingering concern that the US central bank may scale back its stimulus ...
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US STOCKS SNAPSHOT-Wall St wanes on Fed uncertainty SP dips for 3rd day
NEW YORK | Fri May 24, 2013 4:10pm EDT NEW YORK May 24 (Reuters) - The S&P 500 declined for a third day on Friday with the three major U.S. stock indexes posting their first negative week since mid-April on lingering concern that the U.S. central bank may scale back its stimulus measures to support the economy. The Dow Jones industrial average edged up 8.60 points, or 0.06 percent, to ...
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News Corp. to split into two businesses June 28
The British media company News Corp. announced Friday it will officially split its publishing and entertainment businesses June 28. The publishing firm will retain the name News Corp., the entertainment arm will be called 21st Century Fox, and both will be headed by current Chairman and Chief ...
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Chile fines Barrick $15.8M over gold mine project
Mining company Barrick Gold Corp. was fined $15.8 million Friday by the Chilean government for allegedly violating environmental controls at its flagship mine. Barrick halted construction last month at the Pascua-Lama mine's Chilean operations after government officials ordered the company to stop work because of "serious violations" of environmental standards that followed ...
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Nasdaq short interest dips 0.3 pct in mid-May
NEW YORK | Fri May 24, 2013 3:59pm EDT NEW YORK May 24 (Reuters) - Short interest on the Nasdaq slipped 0.3 percent in mid-May, the exchange said on Friday, suggesting a decrease in bearish sentiment in the stock market. As of May 15, short interest decreased to about 7.574 billion shares, compared with 7.596 billion shares as of April 30. Investors who sell securities 'short' ...
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Will Rising Interest Rates Hurt the Stock Market
You can't listen to the news these days without hearing about how interest rates are at historic lows. In 1981, the 10-year Treasury hit an all-time high of nearly 16 percent. Since then, interest rates have been steadily falling to their current value of around 2 percent. You may be familiar with the relationship between bond investments and interest rates (if not, here's a one ...
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At midday TSX Wall Street lower ahead of long U.S. weekend
Trader Christopher Morie works on his handheld device on the floor of the New York Stock Exchange Monday, April 29, 2013. World stock markets were muted Tuesday May 7, 2013 as cheer over the better-than-expected U.S. jobs report faded. (Richard ...
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Champions League Final Bayern Munich Outspent Borussia Dortmund 4-To-1 Over Past Four Seaons
Dortmund's Polish midfielder Jakub Blaszczykowski and Bayern Munich's Brazilian defender Rafinha on May 4, 2013, one of their latest matchups - Image credit: AFP/Getty Images via @daylife For the first time in UEFA Champions League history, two German squads will define the world's premier club soccer competition. Bayern Munich, Germany's most successful team ever and an ...
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Nervous investors step back
With the major gauges up about 15% for the year, some investors have speculated the market is on the verge of a long-awaited pullback. "At these levels, people are more nervous," said Bill Stone, chief investment strategist for PNC Wealth Management. This week has been particularly rough as investors wrestle with a growing debate over when ...
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SAP ends talks to acquire Jive Software Bloomberg
+4.56% , a maker of social-networking applications for businesses. Bloomberg reported Friday that Waldorf, Germany-based SAP decided not to pursue acquiring Jive because of too much product overlap between the companies, and Jive wouldn't add enough market share to SAP. Jive shares rose 4.6%, to $16.50, while SAP was down by 2.8% at $76.05 a share in afternoon ...
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Fannie Mae Freddie Mac common shares both up 33
+38.50% continued Friday, with Fannie Mae and Freddie Mac both up 33%. Over the last three months, Fannie is up 892%, and Freddie is up 822%. Both mortgage-buying giants are under government conservatorship, and all their dividends go to the U.S. ...
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Chile blocks ops at Barricks Pascua mine reports
-0.51% Pascua-Lama project, according to reports Friday. Trading in U.S. shares of Barrick Gold were halted prior to the news reports, and remained halted at $19.45, down ...
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Ascension Health to sell $1.03 bln of rev bonds June 10 week
Fri May 24, 2013 1:13pm EDT May 24 (Reuters) - Ascension Health Alliance is expected to sell $1.03 billion of taxable and tax-exempt revenue bonds during the week of June 10, a market source said on Friday. The sale includes $500 million of variable-rate and $100 million of fixed-rate tax-exempt revenue bonds issued through Wisconsin Health and Educational Facilities Authority. In addition, ...
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Wall Street drops on uncertainty
"We've had some volatility this week that we really haven't experienced in a month or so, so it's got a little bit of uncertainty here," said Joe Bell, a senior equity analyst at Schaeffer's Investment Research in ...
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Meet The People Who Are Subverting Wall Street Reform
Commodity Futures Trading Commissioner Mark Wetjen Three years after Congress passed sweeping reforms of Wall Street, the industry has successfully widened a variety of cracks in the Dodd-Frank law. But credit for the industry's success at watering down the landmark legislation doesn't just go to well-heeled lobbyists - regulators and lawmakers are helping. ...
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The cost of this weeks tornados $2-5 billion
The string of tornadoes that ripped across the central United States in the past week did between $2 billion and $5 billion in damage, according to an initial estimate from Eqecat, a catastrophe risk ...
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Dallas-based trader charged with front-running
a Dallas-based broker who allegedly improperly profited by placing his own secret trades ahead of large block trades he executed for clients. The agency charges that the trader, Daniel Bergin, was "front-running" his client trades, an illegal practice where a stock broker executes orders on a security for their own account while taking advantage of knowledge of pending large ...
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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