From Global Markets 04:11 pm
Upbeat economic reports from Britain and Germany combined with surprisingly strong first-quarter earnings to foster a risk-on sentiment that lifted stocks and commodities and weighed on safe-haven investments.
From Economy 11:28 am
The International Monetary Fund is eyeing Brazil, Russia, India, China and South Africa, a bloc of countries commonly known as BRICS, to meet its goal, set by the institution's managing director Christine Lagarde, to raise at least $400 billion of additional funds to safeguard the global financial system against the euro zone sovereign debt crisis.
From Companies 12:29 pm
Unions representing more than 50,000 workers at bankrupt American Airlines said Friday they signed a conditional labor agreement with U.S. Airways (NYSE: LCC) and are supporting that carrier's bid to take over their ailing employer.
From Companies 09:06 am
Haitong Securities Co. (SHA: 600837), China's second-largest brokerage by assets, raised HK$13 billion ($1.7 billion) in the largest public offering in the world so far this year, media reports said Friday, citing people familiar with the matter.
From Companies 11:13 am
General Electric Co. (NYSE:GE) reported first-quarter net income rose 3 percent as orders for its industrial products surged. Still, overall revenue dipped 8 percent.
From Global Markets 04:04 pm
The Spanish stock market plunged on Thursday, closing just 1.3 percent above its March 2009 low and reigniting fears about the euro zone sovereign debt crisis and the weak U.S. labor market.
From Companies 11:29 am
Facebook’s $1 billion deal to acquire Instagram may have resulted in pushing the initial public offering price for the No. 1 social media network even higher.
From Companies 12:10 pm
Morgan Stanley (NYSE: MS) on Thursday reported weaker first-quarter profit but still beat analyst expectations, which helped lift shares up more than 2 percent.
From Gold
Back in late 2010, billionaire hedge fund manager John Paulson told “a standing-room-only crowd at New York’s University Club” that US inflation could hit double-digits in 2012. His forecast on gold and inflation, however, haven’t panned out so far in 2012.
From
Attending international trade shows in 2012 can be a great way to market one’s products and services to an international audience, especially for U.S. and Western businesses.
From Politics & Policy
Many policy mistakes by Western governments come from a misunderstanding of globalization, said Stephen D. King, chief economist of HSBC
Mobile real time streaming financial data anywhere any time.
Gold Bullion for less than 1% above dealer cost.
Free Edition
TAKE A TOURStay connected with the IBTimes using your favorite social networks and online news applications:
We value your privacy. Your email address will not be shared.
