Hedge fund profits have dropped because of poor returns in 2014, Citigroup said in a report on Thursday.» Read More
DETROIT— Ford says it will take an $800 million charge in the fourth quarter because of exchange rate problems between the Venezuelan bolivar and the U.S. dollar. But the automaker still expects a full-year pretax profit of $6 billion when it reports 2014 earnings Thursday. The Dearborn, Michigan, automaker has had operations in Venezuela for 53 years.
*Euro dives to lowest vs dollar since September 2003. LONDON, Jan 23- The euro plunged below $1.12 for the first time in more than 11 years on Friday, a day after the European Central Bank said it would pump over a trillion euros into the euro zone economy, and two days before a national election in Greece. The euro shed over 2 percent to hit $1.1115, its lowest since...
*China factory activity contracts for 2nd month. LONDON/ BEIJING, Jan 23- Businesses across Asia and Europe have slashed prices at the start of the year to drum up trade, surveys showed on Friday, vindicating the European Central Bank's decision to print money in a bid to revive inflation. Euro zone firms cut prices at the fastest rate in nearly five years and Chinese...
*China factory activity contracts for 2nd month. BEIJING/ SEOUL, Jan 23- Chinese factories were forced to cut prices for the sixth straight month in January to sell their products, while economic growth in South Korea slowed sharply, raising the prospect of more policy easing from major central banks in Asia. The weak manufacturing reading from China added to...
Bank of America Corp. rose$. 68 or 4.4 percent, to $16.09. Citigroup Inc. rose $1.83 or 3.8 percent, to $49.57. Goldman Sachs rose $4.89 or 2.8 percent, to $182.04.
NEW YORK, Jan 22- The euro sank to a more than 11- year low against the dollar and a three-month low against the yen on Thursday after the European Central Bank launched a landmark bond-buying program that will pump hundreds of billions into a sagging euro zone economy. The ECB said it would buy government bonds from this March until the end of September 2016...
Bank of America Corp. rose$. 41 or 2.7 percent, to $15.82. Citigroup Inc. rose $1.34 or 2.8 percent, to $49.08. Goldman Sachs rose $3.04 or 1.7 percent, to $180.19.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. fell. 6 percent to $33.79 with 33,768,900 shares traded. Avon Products Inc. rose 14.6 percent to $8.66 with 48,047,700 shares traded.
Bank of America Corp. rose$. 08 or. 5 percent, to $15.48. Citigroup Inc. rose$. 55 or 1.2 percent, to $48.29. Goldman Sachs rose$. 79 or. 4 percent, to $177.94.
*Euro starts steady in Europe ahead of ECB decision. LONDON, Jan 22- The euro held fast more than a cent above 11- year lows ahead of a European Central Bank policy meeting on Thursday widely expected to embark on the outright money-printing the bank has steadfastly avoided, in contrast to its peers. "The market is convinced the euro will continue to fall, but that the...
Bank of America Corp. rose$. 15 or 1.0 percent, to $15.41. Citigroup Inc. rose$. 48 or 1.0 percent, to $47.74. Goldman Sachs rose $1.52 or. 9 percent, to $177.15.
With quantitative easing on the cards, Europe's already low interest rates are set to fall, but some believe the continent offers the best bond returns.
Bank of America Corp. rose$. 17 or 1.1 percent, to $15.43. Citigroup Inc. rose$. 76 or 1.6 percent, to $48.02. Goldman Sachs rose$. 85 or. 5 percent, to $176.48.
Bank of America Corp. rose$. 07 or. 5 percent, to $15.33. Citigroup Inc. rose$. 63 or 1.3 percent, to $47.89. Goldman Sachs rose$. 61 or. 3 percent, to $176.24.
TOKYO, Jan 21- Asian shares held firm and the euro stayed under pressure on Wednesday as investors counted on the European Central Bank to unveil a stimulus drive, while the yen was subdued ahead of the Bank of Japan's policy announcement later in the Asian day. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent, although Japan's Nikkei...
Bank of America Corp. fell$. 12 or. 8 percent, to $15.26. Citigroup Inc. fell$. 35 or. 7 percent, to $47.26. Goldman Sachs fell $1.60 or. 9 percent, to $175.63.
Times are tough for Australia's junior miners as plunging iron ore prices squeeze them out of the market, but oil's decline may provide respite.
SYDNEY, Jan 21- The yen nursed broad losses early on Wednesday as investors sold the Japanese currency in a precautionary move against any further policy easing by the Bank of Japan. The dollar rose as far as 118.87 yen overnight, tearing away from a one-month trough of 115.85 set recently. The euro rose to 137.65 yen, off Friday's three-month trough of 134.70.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Alcoa Inc. rose 1.8 percent to $15.55 with 25,747,400 shares traded. Bank of America Corp. fell. 8 percent to $15.26 with 105,959,900 shares traded.
Bank of America Corp. fell$. 07 or. 4 percent, to $15.32. Citigroup Inc. fell$. 22 or. 5 percent, to $47.39. Goldman Sachs fell $2.19 or 1.2 percent, to $175.04.