Strong economic growth and rising inflation have raised the odds that Malaysia's central bank could hike rates for the first time in three years.» Read More
Bank of America Corp. fell$. 21 or 1.3 percent, to $15.39. Citigroup Inc. fell$. 53 or 1.1 percent, to $46.86. Goldman Sachs fell $2.48 or 1.5 percent, to $162.19.
HONG KONG, July 10- Chinese pork producer WH Group Ltd is seeking to raise up to $3 billion as early as this month in a revived Hong Kong initial public offering which saw the deal size cut by nearly two-thirds, Thomson Reuters publication IFR reported on Thursday.
The new index will be composed of companies with a female chief executive officer or women making up at least one-fourth of the board of directors, Barclays said on Wednesday in a statement. In connection with the launch, Barclays executives will ring the opening bell of the New York Stock Exchange on Thursday.
NEW DELHI, July 10- India's Prime Minister Narendra Modi faces the first major test of his reform credentials on Thursday, when his fresh-faced government presents its maiden budget amid early doubts about his willingness to make unpopular decisions.
*Athens says 3- year bond to be issued soon. ATHENS/ LONDON, July 9- Greece said on Wednesday it has hired banks for a new three-year euro bond, the aid-reliant nation's second debt sale since returning to financial markets in April.
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Ford Motor Co., down 21 cents to $17.11. Guess Inc., up $1.06 to $28.45.
Some of Tuesday's midday movers:
Bank of America Corp. fell$. 34 or 2.1 percent, to $15.60. JPMorgan Chase fell$. 80 or 1.4 percent, to $55.87. Morgan Stanley fell$. 80 or 2.5 percent, to $31.59.
After languishing as stocks reached record highs, the VIX has sprung back to life—bringing with it a dose of fear for the stock market.
*Commerzbank falls 5.3 pct on U.S. settlement fears. Euro zone banks fell 2.8 percent, the biggest sectoral faller, led lower by Commerzbank. The New York Times reported that Commerzbank's settlement was expected to include at least $500 million in penalties.
Top managers at the firm have been meeting with younger executives in hopes of finding a replacement for Lloyd Blankfein—someday.
Bank of America Corp. fell$. 22 or 1.4 percent, to $15.72. Citigroup Inc. fell$. 52 or 1.1 percent, to $47.46. Goldman Sachs fell $1.99 or 1.2 percent, to $165.79.
Boeing and Goldman Sachs fell the most in the index. AbbVie fell $1.63, or 3 percent, to $55.77 after the company raised its offer to buy rival drugmaker, Shire. Major U.S. companies start reporting their earnings this week, beginning with aluminum maker Alcoa later Tuesday.
RIO DE JANEIRO, July 8- The world's largest steelmaker ArcelorMittal expects Brazil's industrial production to improve in the second half of the year as the country gets back to work after the World Cup, giving a welcome boost to Brazil's flat steel producers.
Commerzbank falls 3.7 pct on U.S. settlement fears. Euro zone banks fell 1.5 percent, the biggest sectoral faller, led lower by Commerzbank. The New York Times reported that Commerzbank's settlement was expected to include at least $500 million in penalties.
Stocks fell on Monday, with Wall Street retreating from all-time highs, as investors looked to the start of the earnings season.
*Focus turns to earnings season. NEW YORK, July 7- U.S. stocks dipped on Monday, retreating from last week's record levels as investors hesitated to make big bets before the start of earnings season. The Russell 2000 fell 1.8 percent, its biggest percentage drop since April 25.
The banks are Aurora, Bank of America, Citigroup, Goldman Sachs, HSBC, JPMorgan, MetLife Bank, Morgan Stanley, PNC Financial Services, Sovereign, SunTrust, U.S. Bank and Wells Fargo. The $9.3 billion settlement called for $3.6 billion in cash payments and $5.7 billion in aid such as reduced mortgage loans.
NEW YORK, July 7- The dollar eased and global equity markets fell on Monday after a surprise drop in German industrial output cooled a rally that sent various stock indexes to record highs last week and as investors turned to corporate earnings for the second quarter.
NEW YORK, July 7- Longer-dated U.S. While Thursday's government payrolls report showed a robust 288,000 increase in hiring in June and the jobless rate fell to a six-year low at 6.1 percent, some traders were not convinced the labor market is strong enough for Fed Chair Janet Yellen and other policymakers to tighten policy sooner.