U.S. Treasury Secretary Timothy Geithner said on Tuesday he saw signs of confidence returning to the U.S. financial sector and pledged that the United States would pursue policies that preserve the dollar's value. "The policies of the United States are designed to lay the conditions for a strong dollar for more stability in the international
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Strength in banks powered gains in European equities which rallied for a second day on Tuesday, ahead of results from U.S. bellwethers Goldman Sachs and Intel. By 1023 GMT, the FTSEurofirst 300 index of top European shares were up 1.1 percent at 839.02 points after surging 2 percent in the previous session. The index, which
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U.S. Treasury Secretary Timothy Geithner said on Tuesday that a global assault on recession was making headway, although data from Europe gave evidence only of a stuttering recovery at best. Geithner assured an audience in Saudi Arabia, one of the United States' biggest creditors, that Washington bore a special responsibility to help spur a recovery
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U.S. Treasury Secretary Timothy Geithner said on Tuesday aggressive efforts to counter a global financial crisis were starting to work and acknowledged the United States had a special duty to help spur a recovery. "Given the dollar's role in the international financial system and the significant impact of the U.S. economy on global economic conditions,
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British consumer price inflation fell below the Bank of England's target for the first time in almost two years in June while a broader price gauge fell at a record pace, official data showed on Tuesday. The Office for National Statistics said consumer prices rose 0.3 percent on the month in June, taking the annual
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European equities raced higher on Tuesday following sharp gains in the previous session, with investors snapping up banks and commodity shares ahead of results from companies like Goldman and Intel. At 0832 GMT, the FTSEurofirst 300 index of top European shares was up 1.1 percent at 838.96 points after surging 2 percent in the previous
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U.S. stock index futures pointed to a stronger open on Wall Street on Tuesday, ahead of eagerly-awaited quarterly results from Goldman Sachs (GS.N). At 0809 GMT, futures for the S&P 500 were up 0.3 percent, Dow Jones futures were up 0.34 percent and Nasdaq 100 futures were up 0.17 percent. Computer firm Dell (DELL.O) and
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A burst of confidence in U.S. financial stocks lifted global equities on Tuesday ahead of results for bellwether Goldman Sachs. The dollar was slightly weaker against major currencies, following a recent trend of falling when appetite for equities and other riskier assets rises. World stocks as measured by MSCI were up 1 percent and the
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Britain's top share index rose early on Tuesday on strength among miners as metals prices rose and among banks as investors awaited quarterly numbers from Goldman Sachs. By 0759 GMT, the FTSE 100 index was up 26.02 points or 0.6 percent at 4,228.15, after closing 1.8 percent higher on Monday. "It doesn't feel as if
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Facebook netted a $6.5 billion valuation for its common shares on Monday, further underscoring the fast-growing Internet social networking site's high rank among technology and media industry heavyweights. Russia's Digital Sky Technologies said it will pay $14.77 a share for Facebook common stock, boosting its stake to as much as 3.5 percent and valuing Facebook
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