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Financial Markets

A collection of news and information related to Financial Markets published by this site and its partners.

Top Financial Markets Articles

Displaying items 56-66
  • Legal costs sapped 2nd-quarter profit at Bank of America

    CHARLOTTE, N.C. Bank of America returned to profit in the second quarter, but earnings were down 43 percent from a year ago as legal costs continued to be a drag on earnings. Legal expenses, which have dogged the Charlotte bank since the financial...
  • Shootout in central Athens as police arrest wanted guerrilla

    ATHENS (Reuters) - Greek police shot and wounded one of Greece's most wanted guerrilla group members in a chase through central Athens on Wednesday in which a policeman and two tourists were also hurt. Nikos Maziotis was charged in 2010 over a series...
  • Obscure company at the center of penny-stock bubble

    SEATTLE A half-forgotten company that Seattle Business publisher John Kueber conceived and sold years ago has suddenly ballooned into an epic bubble of penny-stock speculation. The unlikely rise of Cynk Technology, a purported social-networking company...
  • Euro zone periphery on recovery track but deflation a worry: Reuters poll

    (Reuters) - Some of the euro zone's most vulnerable economies are set for stable if lackluster growth over the coming year and deflation remains a serious threat, a Reuters poll of economists showed on Thursday. The economic outlooks for Ireland and...
  • Fed's Bullard says he worries about bond market bubble

    OWENSBORO Kentucky (Reuters) - St. Louis Federal Reserve President James Bullard said on Thursday he worries about low bond yields and whether a bond bubble is forming. "Bond yields are extraordinarily low," Bullard told a business group in Owensboro,...
  • Fed's Bullard backs repo rate, cites bond bubble worry

    OWENSBORO Ky. (Reuters) - St. Louis Federal Reserve President James Bullard threw his weight behind the reverse repo, calling it the Fed's most important rate, and said he was worried about bond yields being "exceedingly low." Bullard also took a...
  • Developer's zero-interest loans highlight China property risks

    HONG KONG (Reuters) - China's third largest property developer, Evergrande Real Estate, has joined smaller peers in offering zero-interest downpayment loans, a practice reminiscent of the U.S. housing boom that precipitated the global financial crisis....
  • IMF's Lagarde says financial markets 'perhaps too upbeat' on Europe

    PARIS (Reuters) - The head of the International Monetary Fund warned on Friday that financial markets were "perhaps too upbeat" because high unemployment and high debt in Europe could drag down investment and hurt future growth prospects. IMF chief...
  • FX probe could be bigger problem than Libor: RBS chief

    LONDON (Reuters) - An investigation into alleged manipulation of foreign exchange markets could pose a bigger problem for banks than the Libor interest rate rigging scandal, the boss of Royal Bank of Scotland said on Friday. RBS paid $612 million last...
  • Exclusive: Morgan Stanley rebuilds in commodities trading

    NEW YORK (Reuters) - After more than a year of scaling back in commodities, Morgan Stanley is ready to expand. The Wall Street bank plans to hire about a dozen traders, sales staff and other professionals in the United States. It's building up...
  • Pimco Total Return cut U.S. govt debt to 47 percent in June

    NEW YORK (Reuters) - Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co, slightly reduced his holdings of U.S. Treasuries and government-related debt in June but increased his use of derivatives on a bet the Federal...