Dubai World, the state-owned conglomerate, has reached a deal to restructure $23.5 billion in debt with its core lenders, addressing the most immediate of a string of problems facing investors in Dubai.
The number of workers filing new applications for unemployment insurance unexpectedly rose last week for the first time since early April, suggesting the labor market recovery has hit a stumbling block. Initial
Wall Street was set for a sharply lower open on Thursday on growing fears recent share declines triggered by euro-zone turmoil in the handling of the sovereign debt crises could lead to
A senior euro zone official said on Thursday financial markets were acting irrationally over the euro area's debt problems and while he was concerned about the fall in the euro, immediate action
Stock index futures fell on Thursday as concerns grew that recent share declines caused by euro-zone turmoil in the handling of the sovereign debt crises could lead to a wider correction. The
Global shipments of smartphones may grow 50 percent this year and drive explosive expansion in high-end OLED display sales over the next five years, a Samsung Mobile Display executive said on Thursday.
Stocks pared early gains on Thursday as investors fretted about the extension of a short selling ban to other markets, forcing the euro lower, while European debt steadied following successful auctions. Wall
Banks led European shares in a modest bargain-hunting rally on Thursday morning after the previous session's 3 percent drop, but the rebound was tempered by uncertainty over market regulation and high volatility.
US Stock index futures pointed to a mixed open on Wall Street on Thursday, with futures for the S&P 500 down 0.1 percent, Dow Jones futures up 0.1 percent and Nasdaq 100
All U.S. stocks will probably be subject to so-called circuit breakers by the end of this year, Duncan Niederauer, chief executive officer of stock exchange operator NYSE Euronext (NYX.N)(NYX.PA), said on Thursday.
