Manpreet Gill, Senior Investment Strategist at Standard Chartered Bank tells CNBC's Cash Flow why he thinks it's important for investors to remain in the U.S. markets.» Read More
SYDNEY, May 22- The end of Australia's resources boom is taking its toll on investment in the sector, with A $150 billion in planned projects delayed or cancelled since April 2012, government data shows. China's economic slowdown has squashed a decade-long mining boom in Australia that drove gold, copper, iron ore and coal to record prices.
SHANGHAI, May 22- China's yuan rose against the dollar on Wednesday, up from Tuesday's close but slightly short of the record intra-day high struck that day, as the central bank lets the currency appreciate further.
NEW YORK, May 21- U.S. prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter. Attorney Preet Bharara declined to comment, as did a spokesman for the Justice Department.
CHENNAI, India, May 22- Brent futures pulled further below $104 per barrel on Wednesday on concerns that peak summer demand in the world's top oil consumer may falter after data showing a stronger-than-expected rise in U.S. oil stockpiles.
*Coming Up; Fed's Bernanke testifies to Congress; 1400 GMT. SINGAPORE, May 22- London copper held near a two week-high on Wednesday, supported by indications the U.S. For that we need to see a resumption in demand, "analyst Dominic Schnider at UBS in Singapore said.
NEW YORK-- A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:. Denali Fund: Approximately 17,700 shares changed hands, a 408.2 percent increase over its 65- day average volume. The shares rose$. 08 or 1.5 percent to $5.39.
Ascent Solar Technologies Inc.: Approximately 10,097,000 shares changed hands, a 4,744.9 percent increase over its 65- day average volume. The shares rose$. 16 or 20.8 percent to$. 94. Chicopee Bancorp: Approximately 32,800 shares changed hands, a 1,371.0 percent increase over its 65- day average volume.
ASB Bancorp Inc.: Approximately 200 shares changed hands, a 96.5 decrease from its 65- day average volume. The shares rose$. 05 or. 3 percent to $16.44. Alliance Bancorp Inc.: Approximately 100 shares changed hands, a 96.2 decrease from its 65- day average volume.
NEW YORK-- A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading:. American Strategic Income Portfolio: Approximately 2,900 shares changed hands, a 85.2 decrease from its 65- day average volume. The shares rose$. 11 or. 2 percent to $55.98.
Becton, Dickinson& Co. fell$. 11 or. 1 percent, to $101.01. Covidien rose$. 26 or. 4 percent, to $65.80. PerkinElmer rose$. 31 or 1.0 percent, to $32.54.
Baxter International Inc. rose$. 10 or. 1 percent, to $73.04. Bristol-Myers Squibb Co. rose$. 30 or. 7 percent, to $44.06. Hospira fell$. 11 or. 3 percent, to $35.92.
American Express Co. rose$. 71 or 1.0 percent, to $75.11. Capital One Financial Corp. rose$. 30 or. 5 percent, to $62.11. Discover Financial Services rose$. 67 or 1.4 percent, to $48.86.
DR Horton fell$. 43 or 1.6 percent, to $26.31. Hovnanian Enterprises Inc. fell$. 18 or 3.0 percent, to $5.84. Lennar Corp. fell$. 75 or 1.7 percent, to $42.47.
Boeing rose$. 03 or percent, to $98.75. Lockheed Martin Corp. rose$. 43 or. 4 percent, to $106.99. Northrop Grumman Corp. fell$. 15 or. 2 percent, to $81.46.
Hecla Mining Co. fell$. 01 or. 3 percent, to $3.37. Pan American Silver Corp. fell$. 53 or 4.1 percent, to $12.41. Silver Standard Resources Inc. fell$. 20 or 2.9 percent, to $6.73.
Kohl's Corp. rose $1.15 or 2.2 percent, to $52.35. Macy's Inc. rose$. 58 or 1.2 percent, to $49.43. Nordstrom rose$. 23 or. 4 percent, to $60.71.
eBay fell $1.00 or 1.8 percent, to $54.95. Google fell $1.56 or. 2 percent, to $906.97. Groupon Inc. rose$. 16 or 2.3 percent, to $7.14.
Ford Motor Co. fell$. 10 or. 7 percent, to $14.95. General Motors Co. fell$. 30 or. 9 percent, to $33.40. Honda Motor Co. rose$. 12 or. 3 percent, to $41.88.
Brinker International Inc. rose$. 32 or. 8 percent, to $41.60. Chipotle Mexican Grill Inc. rose$. 56 or. 1 percent, to $377.43. Darden Restaurants Inc. rose$. 20 or. 4 percent, to $53.65.
Fluor fell$. 29 or. 4 percent, to $65.99. Foster Wheeler fell$. 23 or 1.0 percent, to $23.30. Quanta Services Inc. fell$. 23 or. 8 percent, to $30.06.