China's Xiaomi is raising over $1 billion from investors including Singapore's GIC that would value the smartphone maker at over $45 billion, sources said.» Read More
The Great Rotation may not consist of a mass rush out of bonds, but wait until investors see their quarterly statements.
U.S. stocks popped on word that Standard & Poor's affirmed the United States' debt ratings, revising its outlook to "stable" from "negative" on receding credit risks.
Thousands of private messages sent between users of Bloomberg's financial terminals have leaked online.
Most Asian stock markets closed in positive territory on Monday with a weaker yen propelling Japan's benchmark Nikkei index to a fresh five-and-a-half-year peak, while the Shanghai Composite pared losses following a raft of lower-than-expected economic data from the mainland.
Even though it's more history than not, first quarter GDP is the number traders will be watching Friday for what it might say about the current slowdown that began in March.
Italian prosecutors stepped up investigations into alleged fraud at Monte dei Paschi bank by ordering police to gather evidence from JP Morgan, one of several foreign lenders linked to the scandal.
Italian prosecutors said they have ordered the seizure of 1.8 billion euros ($2.4 billion) of assets from Japanese bank Nomura as part of an investigation into a suspected fraud.
Japan and Australia led gains as Asian indices ended mixed on Wednesday.
Is it a surprise that PC shipments are declining? No, but two things stand out: the magnitude of the decline was steeper than expected, and now the Asians have stopped buying. That's news.
Italy's Monte dei Paschi di Siena is seeking damages of at least 1.2 billion euros ($1.56 billion) from two former executives and investment banks Nomura and Deutsche Bank over derivative trades, a judicial source with direct knowledge of the matter told Reuters.
Nearly three years after Britain's Conservative-led government vowed to restore the country to financial health, the economy looks stuck in a rut and could already be in its third recession since 2008.
The government's sale of a $10 billion stake in Japan Tobacco, the world's third-largest tobacco company, is expected to kick off within days after bankers met on Tuesday over deal details.
Board members at Monte dei Paschi are expected to say that Italy's third largest bank may have lost up to 1 billion euros on trades, higher than the initial estimate.
The secret document at the heart of the Monte dei Paschi banking scandal lay for months in a concealed safe in a 14th century Tuscan palace. Chief Executive Fabrizio Viola said he learnt about the safe's contents only last October, a full 10 months after he had been called in to sort out Italy's third biggest bank.
Monte dei Paschi di Siena said on Sunday it was seeking a financial investor as the political storm over a derivatives scandal at the ailing bank intensified ahead of next month's Italian election.
Shares in Banca Monte dei Paschi di Siena, Italy's third-biggest lender, fell more than 5 percent for the second day in a row on Wednesday on worries of mounting losses on some financial derivative positions which it took in 2008 and 2009.
t’s time for the Lightning Round. Cramer makes the call on viewer favorites.
A scant increase in German November industrial production was a "major disappointment," Capital Economics said, reinforcing expectations of a "big fall" in fourth-quarter GDP.
The Japanese currency has been beaten up lately, but tax hikes and political currents will keep the pressure on.
A political call for monetary easing is roiling the yen and upending traders' longstanding risk-based strategies.