GENEVA, July 24- India blocked an agreement on new global customs rules on Thursday, angering fellow members of the World Trade Organization who say Delhi's veto could be costly, economically and politically.» Read More
Stocks racked up their fourth straight down week Friday as a Chevron profit warning exacerbated earnings worries. Techs got a boost from an upgrade on the hardware sector.
Stocks were mixed Friday as a Chevron profit warning exacerbated earnings worries but an upgrade on the hardware sector boosted tech stocks.
Stocks opened lower Friday as Chevron's earnings warning added to investors' worries about earnings and the economic recovery.
Futures pointed to a modestly lower open for Wall Street on Friday as Chevron's earnings warning added to investors' uncertainty on corporate earnings.
South Korea's central bank on Friday revised up its economic forecasts for the whole year and the next year as the economy enjoyed its fastest quarterly growth for 5-½ years in the second quarter
South Korea's central bank held interest rates steady at a record low for a fifth consecutive month on Thursday, in a widely expected move to support an only nascent recovery in Asia's fourth-largest economy.
In an attempt to decrease excessive speculation, U.S. commodities regulators aim to introduce large trading limits on oil, natural gas and possibly other commodities.
South Korea's finance ministry on Thursday upgraded its economic forecast for 2009 and pledged to maintain its expansionary policy stance to ensure a recovery in Asia's fourth-largest economy.
South Korea's key consumer sentiment index in June rose for a third consecutive month to a near two-year high despite repeated cautioning by policymakers on the state of the economy, central bank data showed on Thursday.
The South Korean government will pump an additional $3 billion into the Korea Investment Corp (KIC) this month to enable the sovereign wealth fund to resume overseas investment, a finance ministry official said on Friday.
The financial reform should include some way of separating banks' proprietary trading from commercial banking, although a return to regulation similar to the Glass-Steagall Act would be impractical, legendary investor George Soros wrote in the Financial Times.
The leaders of South Korea and the United States told North Korea to drop its atomic ambitions and stop threatening the region while media reports on Wednesday said Pyongyang was moving ahead with plans to launch a long-range missile.
President Barack Obama said on Tuesday that auto, beef and other trade issues with South Korea must be resolved before he will ask Congress to vote on a two-year-old free trade agreement with the longtime ally.
The Nasdaq's 50-day moving average crossed over its 200-day moving average last week. Expect the same for the Dow and S&P in the days ahead.
There was more evidence Thursday that the United States economy might be stabilizing, if not rebounding, even as economic reports in Europe remained gloomy, the New York Times reported.
Memorial Day is the unofficial start to summer. As investors take some time off this weekend, they will be happy to know that historically, the markets are up more often than not between Memorial Day and Labor Day.
While I believe the ship is turning, I also believe the market, as is its tradition, has run ahead of reality a bit.
In trading and in life, it is critical to ask yourself: What sources of information are guiding my actions?, writes Dr. Janice Dorn.
This past weekend saw traders and investors from around the region gather in Singapore for the Asia Trader and Investor Convention. A major discussion issue – volatile markets and whether it’s possible to successfully navigate through them to turn in a profit.
The rise of protectionism is something to guard against says Victor Fung, chairman of the Li & Fung Group of companies. And while stimulus packages are welcomed and necessary, they must not promote protectionism.