Stock index futures pointed to a higher open on Wall Street on Thursday, bouncing back from the previous session's sell-off, as investors digested news that car parts maker Visteon (VSTN.PK) filed for bankruptcy protection, and ahead of key U.S. durable good orders and new home sales data. At 5:11 a.m. EDT, futures for the S&P
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British retail sales fell more than expected in May and retailers believe a further deterioration is likely next month, a survey by the Confederation of British Industry showed on Thursday. The CBI's distributive trades survey sales balance fell to -17 this month from +3 in April when the figures were boosted by the timing of
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Britain's financial regulator said the tests it uses to gauge banks' capital strength assume house prices will halve and GDP shrink 6 percent in the current recession, making it the country's worst for more than 60 years. Disclosing details of the 'stress tests' for the first time, the Financial Services Authority said they also assume
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Nouriel Roubini, the famously glum economist who predicted the financial crisis, said that while the recession in the United States may well be over at the end of the year, another dip was still possible next year. "I still expect that economic growth in the U.S. is going to be negative through Q4, and that
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European shares were lower in morning trade on Thursday, tracking a decline on Wall Street after a spike in Treasury yields triggered a sell-off in equity markets. At 0829 GMT, the FTSEurofirst 300 index of top European shares was down 1.3 percent at 859.13 points. Banks were among the early fallers. HSBC, BNP Paribas, Credit
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Moody's Investors Service has placed on review for possible downgrade the global local currency (GLC) deposit ratings of two rated Armenian banks (ACBA-Credit Agricole and Ardshininvestbank). All other ratings assigned to these banks were not affected by this action. Moody's review of the two banks' ratings will look at the extent to which the Armenian
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Britain's leading share index fell 1.1 percent early on Thursday, taking its cue from Wall Street where rising U.S. government bond yields were seen dampening hopes of an economic recovery. By 0721 GMT, the FTSE 100 was down 47.24 points at 4,368.99, after rising for three straight sessions. The UK benchmark is down 1.5 percent
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OPEC ministers said they expected to hold output steady at a meeting on Thursday, as they bet on a strengthened economy to boost oil prices, but they could urge tougher production discipline to drain excess supply. "Most probably it will be a roll-over. It seems that this is what people want so I'm not going
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Yahoo Inc CEO Carol Bartz said any deal to spin off or combine its Internet search assets will require a partner with "boatloads of money," and her company is talking "a little bit" with Microsoft Corp about a potential partnership. Speaking at the All Things Digital conference on Wednesday, Bartz said the company's array of
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Moody's Investors Service has placed on review for possible downgrade the global local currency (GLC) deposit ratings of three Lebanese banks (Bank Audi, Blom Bank and Byblos Bank). All other ratings assigned to these banks are not affected by this action. "The review of the three banks' ratings will look at the extent to which
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