News by: Himanshu Singh
Traders took a pessimistic view of Europe as finance ministers met to discuss a cash-for-reforms deal for Greece.
And some eurozone banks ‘just as likely to fail’ as they were before 2008 crisis despite efforts to improve their resilience, according to a research.
Stocks rose after China rolled out its third interest rate cut since November and US shares surged following an official jobs report.
And foreign banks operating from the City of London are plotting a managed retreat from operations that expose them to the UK bank levy, say industry leaders
And European markets are braced for turmoil as talks between Greece and its single-currency partners reach critical point.
Business groups have broadly welcomed the stability of an outright Conservative majority following the election.
Sterling jumped about 1% after UK exit polls forecast the ruling Conservatives taking the most seats in parliament.
The pound surged instantly after the exit poll suggested a Tory election "win" and investors toasted the prospect of continuity in Britain's current austerity policies.
The Fed chief warned of elevated valuations in the equity market, adding to anxiety about future interest rates and a global bond rout.
And GSK drops plans for a multibillion-pound flotation of its HIV business.
Surprisingly wide March US trade deficit raised concerns that the economy shrank in the first quarter.
And HSBC raises prospect of spinning off UK retail branches it decides new bank rules are too strict.
And China’s labour force is shrinking and the “migrant miracle” that powered its industrial rise is mostly exhausted.
Berkshire Hathaway added 1.62%, giving the biggest boost to the S&P 500, after the insurance and investment conglomerate's results beat forecasts.
Less-than-stellar data from China fuelled bets that Beijing will unveil further support measures to revive its stumbling economy.
And business leaders issue last-ditch warning that Labour's heavy-duty proposals to raise taxes on the rich will harm Britain’s growth prospects.
And Warren Buffett has warned that stock prices will appear expensive if interest rates increase from their current ultra-low levels.
And shares in Lloyds Banking Group leapt after it surprised the market by saying that it would beat expectations for profit margins.
And LinkedIn became the third social media company in a week to lose as much as a quarter of its valuation in minutes after reporting a weaker outlook.
The Dow Jones dropped 195 points yesterday leaving it with a gain of just 0.4% over the month and flat year-to-date.