Global jitters as US markets dive, sparking fears of recession pressures
Feb 11, 2016 at 22:40 | Source:
Major U.S. stock indexes veered sharply lower in morning trading Thursday as concerns about global economic weakness intensified. The latest slide followed steep market declines all around the world. Financial stocks were among the biggest decliners ...
Growth worries, rate hike uncertainty pull Wall Street down| Reuters
Feb 09, 2016 at 04:15 | Source:
U.S. stocks dropped on Monday as concern over global growth hit banks and other economically sensitive shares, although a late rally in energy shares left the market well above its lows of the day.European banks led a global selloff in financial stoc...
Goldman Sachs, Morgan Stanley CEOs see slight 2015 pay cuts | Reuters
Jan 23, 2016 at 23:15 | Source:
NEW YORK Wall Street's two marquee investment banks each slightly cut their chief executives' pay after a year that saw profitability fall and shares drop amid a turbulent backdrop.Goldman Sachs Group Inc Chief Executive Lloyd Blankfein and his Morga...
Deutsche CEO predicts cash will be gone in a decade| Reuters
Jan 20, 2016 at 23:30 | Source:
DAVOS, Switzerland Cash won't be around in a decade, the chief executive of one of Europe's biggest banks predicted on Wednesday."Cash I think in ten years time probably wont (exist). There is no need for it, it is terribly inefficient and expen...
Morgan Stanley beats forecasts, girds for more cost cuts| Reuters
Jan 20, 2016 at 00:30 | Source:
For Morgan Stanley, belt-tightening is becoming a way of life. The investment bank posted better-than-forecast fourth-quarter results largely thanks to greater cost cutting, including moves to slash 25 percent of its fixed income headcount to adapt t...
Fundamentals could resurface after wrenching sell-off| Reuters
Jan 16, 2016 at 14:30 | Source:
NEW YORK The dramatic sell-off on Wall Street through most of the past two weeks could signal a capitulation-type blowout, giving fundamentals the upper hand for the next week.The current slide in stock prices, which on Friday briefly dragged the S&a...
Oil tumbles nearly 5 pct to new lows; analysts warn of $20s| Reuters
Jan 12, 2016 at 02:15 | Source:
NEW YORK/LONDON A brutal new year selloff in oil markets deepened on Monday, with prices plunging as much as 5 percent to new 12-year lows as further ructions in the Chinese stock market threatened to knock crude into the $20s.On Monday, China's blue...
Wall Street wobbles as health stocks, oil prices drop| Reuters
Jan 12, 2016 at 00:30 | Source:
Wall Street struggled for gains in volatile trading on Monday, weighed down by healthcare stocks and oil prices hitting fresh 12-year lows, ahead of the start of corporate earnings season.The S&P energy sector down 2.23 percent, and materials sec...
Wall Street loses gains as health stocks, oil prices slide| Reuters
Jan 11, 2016 at 23:45 | Source:
Wall Street gave up early gains and were lower late on Monday morning, dragged down by health stocks and as crude prices slid further ahead of the start of the corporate earnings season.The S&P materials and energy sectors were both off more than...
Global- stocks crater in worst week in 4 years; oil crumbles| Reuters
Jan 09, 2016 at 05:45 | Source:
NEW YORK The benchmark S&P 500 U.S. stock index on Friday notched its worst five-day start to a year on record as fear of a slowdown in China offset a surprisingly strong payrolls report in the United States.Brent and U.S. crude futures prices ex...
Oil ends 2015 down 35 percent; long, painful hangover seen| Reuters
Jan 01, 2016 at 02:30 | Source:
NEW YORK/LONDON Oil prices rose on Thursday but fell as much as 35 percent for the year after a race to pump by Middle East crude producers and U.S. shale oil drillers created an unprecedented global glut that may take through 2016 to clear.Global oi...
Analysts see 2016 oil price rise, while traders bet on fall| Reuters
Dec 31, 2015 at 22:30 | Source:
SINGAPORE A year ago, after oil prices had halved in six months, analysts were forecasting a price recovery in 2015 while many traders were busy shorting the market. As it turned out, the traders were correct and oil prices fell by another third this...