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Bank of America reports 43% drop in quarterly profits

Jul 16, 2014 at 22:32 | Source: BBC

Bank of America has reported a 43% drop in its second-quarter profits after a fall in mortgage revenue and a rise in legal costs. The bank, the US's second largest, said net income of $2.3bn (£1.34bn) was down from $3.4bn (£1.99bn) a year earl...

Wells Fargo profits rise as US economy improves

Jul 12, 2014 at 19:27 | Source: BBC

Profits at Wells Fargo rose 3% in the second quarter, as the US's largest bank benefitted from a pick-up in the US economy. The bank - which is responsible for one out of six US home loans - reported a quarterly profit of $5.7bn (£3.3bn). It al...

Gold edges higher on softer dollar; India budget 2014 eyed for import duty cut

Jul 10, 2014 at 07:42 | Source: FirstPost

Gold edged higher for a second straight session on Thursday, helped by a weaker dollar and as minutes of the Federal Reserve's recent policy meet gave no indication of an early hike in US interest rates.Markets were also eyeing developments in the se...

Federal Reserve plans to end stimulus in October

Jul 10, 2014 at 03:52 | Source: BBC

The Federal Reserve will end its stimulus programme in October if US economic growth continues at its current pace, minutes from its June meeting released Wednesday revealed. The Fed has been buying bonds to lower long-term interest rates and boost g...

China, U.S. say committed to managing differences

Jul 10, 2014 at 02:45 | Source: FirstPost

BEIJING (Reuters) - China and the United States need to manage their differences, the leaders of both countries said on Wednesday at the start of annual talks expected to focus on cyber-security, maritime disputes, the Chinese currency and an investm...

Most Europe Stocks Fall With Treasuries on U.S. Economy

Jul 07, 2014 at 14:01 | Source: Bloomberg

Christine Lagarde, managing director of the International Monetary Fund. Lagarde signaled a cut in the institution's global expansion forecasts, saying investment is still weak and that risks remain in the U.S. even as its rebound accelerates...

Asian Shares Ease as Investors Look to Earnings

Jul 07, 2014 at 14:00 | Source: NDTV Profit

Tokyo: Asian stock markets got off to a slow start on Monday after a US market holiday but held near three-year highs on optimism about the US economy, with investors now shifting their focus to corporate earnings. MSCI's broadest index of As...

Asian Shares Off to Slow Start, Investors Look to Earnings

Jul 07, 2014 at 10:00 | Source: NDTV Profit

Tokyo: Asian stock markets got off to a slow start on Monday after a US market holiday but held near three-year highs on optimism about the US economy, with investors now shifting their focus to corporate earnings. MSCI's broadest index of As...

What's Making US Economy a World Beater?

Jul 05, 2014 at 15:59 | Source: NDTV Profit

Washington: How does the US economy do it? Europe is floundering. China faces slower growth. Japan is struggling to sustain tentative gains. Yet the US job market is humming, and the pace of economic growth is steadily rising. Five full years after a...

Dow Tops 17000, Investors See More Room for Bull Run

Jul 04, 2014 at 00:01 | Source: Wall Street Journal

Strong news on the U.S. economy pushed the Dow Jones Industrial Average above 17000 for the first time Thursday, bolstering the belief among investors that the five-year bull market has more room to run. The Dow's move came just 153 trading s...

US economy adds 288,000 jobs in June

Jul 03, 2014 at 21:12 | Source: BBC

The US economy added 288,000 jobs in June, latest figures from the Bureau of Labor Statistics have shown. The unemployment rate dropped to 6.1%, its lowest level since September 2008. That figure beat analysts' expectations and is an encouraging...

Dow Jones Industrial Average hits 17,000 for first time

Jul 03, 2014 at 21:12 | Source: BBC

The Dow Jones Industrial Average - a US stock index made up of some of the biggest global firms - has hit 17,000 for the first time. On Thursday, investors pushed shares higher after a better-than-expected jobs report showed the US economy added 288,...

Wall Street opens higher after payrolls; Dow tops 17,000 for first time

Jul 03, 2014 at 21:12 | Source: Economic Times

NEW YORK: The Dow industrials broke above the 17,000 milestone on Thursday and the S&P 500 came within 1 per cent of piercing through 2,000 after the US unemployment rate fell to its lowest in almost six years and the American economy created many m...

Spotlight back on pharmaceuticals, IT stocks as rupee falters

Jun 28, 2014 at 12:37 | Source: Economic Times

MUMBAI: Investors have turned to defensive stocks such as technology and pharmaceuticals from cyclical and financial services as geopolitical tension in Iraq and a poor monsoon loom over India, threatening to undermine Prime Minister Narendra Modi's ...

US GDP shrinks 2.9% in first quarter

Jun 25, 2014 at 18:32 | Source: BBC

The US economy suffered its worst performance for five years in the first quarter of 2014, a third and final official estimate has shown. The US Commerce Department said the economy shrank by an annualised rate of 2.9% It was almost double economists...

How American energy independence could change the world

Jun 19, 2014 at 22:17 | Source: BBC

If the bookies are to be believed, Chelsea Clinton could turn out to be luckiest US president in history. The holy grail of American leaders over the past four decades, from Richard Nixon to Barack Obama, has been energy independence, and thanks to s...

Unrest weighs on stocks

Jun 19, 2014 at 03:52 | Source: Calcutta Telegraph News

Mumbai, June 18: The Sensex washed out a major part of its previous day’s gains on across-the-board selling and closed down about 275 points today as rising crude prices caused by the Iraq unrest threaten India’s economy. The market got ...

Rupee slumps to 7-week low of 60.39 over Iraq unrest

Jun 18, 2014 at 18:11 | Source: FirstPost

Mumbai: The rupee today fell 36 paise to end at an over seven-week low of 60.39 against the US dollar as growing unrest in Iraq pushed up crude and caution prevailed in the currency markets ahead of the outcome of US Fed meeting.A sharp fall in local...

IMF cuts US growth forecast as it urges minimum wage hike

Jun 17, 2014 at 00:22 | Source: BBC

The International Monetary Fund (IMF) has slashed its US growth forecast, urged policy makers to keep interest rates low and raise the minimum wage to strengthen its recovery. The crisis lender said it expects 2% growth this year, down from its April...

US factory output rebounds in May after April dip

Jun 17, 2014 at 00:22 | Source: Economic Times

WASHINGTON: U.S. manufacturing output rose in May after in shrinking in April, led by greater production of autos, computers and furniture. The gains show that Americans, buoyed by steady job gains, are buying more cars while businesses are ordering ...

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