The capital account deficit expanded to USD 81.6 billion (502 billion yuan) compared with USD 16.2 billion in the April-June period.
The U.S. dollar is showing its resilience on Thursday, holding on to a three-week high against a basket of currencies after the Federal Reserve caught the market off-guard with a definite hawkish tone
The Japan based automaker sold roughly 1.07 million cars this quarter, up ~2% from just under 1.05 million a year ago. The company attributed this increase in sales volume to to the positive impact of
Transocean, the largest offshore drilling contractor, is likely to bear the brunt of this downturn, owing to its large exposure to the oversupplied ultra-deepwater rig market and its older fleet. In l
Our updated price estimate of $41 for Cree is still at a significant premium (~25%) to the current market price. Despite short-term weakness, we continue to believe in Cree?s long-term growth potentia
The coffee specialist has been an outperformer this year inspite of the bullish coffee run. The coffee futures are at 2.5 year high, as December Arabica-coffee prices rose nearly 80% over the last twe
In our view, even though Boeing breached this cost figure earlier than expected, the company?s future is bright as global demand for commercial airplanes remains strong. This strong demand environment
German jobless claims fall by 22,000 in October
From an investor's point of view, the case for Sri Lanka is getting strong. In the rear view mirror, yet still lurking and causing hesitation for some, are the Sri Lankan Civil War that ended in 2009
The Federal Reserve said it would end its long-running bond-purchase program, concluding a historic experiment that stirred disagreement among policy makers, economists and investors about its impact
Peter Hooper, chief economist, Deutsche Bank Securities expect further strengthening of the US dollar post Fed‚??s decision to end QE3.
Asian markets were trading mixed on Thursday. Nikkei gained 0.6 percent and Seoul Composite shed 0.6 percent.
Major indexes were volatile following the central bank's statement, with the SP 500 down as much as 0.8 percent before pulling back. Material shares were lower throughout the session, a decline in F
The Colder War is a new book by Marin Katusa—head of the energy division of investment advisory service Casey Research—and it's remarkable. I started it on a Sunday afternoon a few months
MADISON, Wis. (AP) -- The Woodman's grocery store chain is suing Oakland-based Clorox, alleging price discrimination.
The firms that pioneered the use of debt in corporate buyouts some 30 years ago are now selling bonds as they expand into lending, real estate and distressed-debt investing, among other new fields.
A series of bad bets against U.S. government bonds and the Japanese yen, along with a wrong-way wager on Brazil, have caused losses this year at Fortress Investmentís macro hedge fund.
Reserve Bank of New Zealand leaves official cash rate at 3.5%
The recent drop in oil prices has captured the attention of many investors lately. Oil is trading roughly 25% lower than its high for the year, and oil-company stock prices have been affected by the d
Most political observers would agree that Barack Obama’s presidential election victory in 2008 was the product of an unprecedented alignment of factors, from his use of technology and social med
Barring any unforeseen exogenous events, the U.S. consumer and corporate sectors are fundamentally sound and will propel the economy forward even as the rest of the world struggles.
For the past year, the stock traded as if there were great uncertainty about the conversion prospect, yet the IRS had already set a precedent by granting conversion to two other stocks in the same ind
Visa shares are on the rise in Wednesday's after-hours trading session; the company posted fourth quarter fiscal 2014 earnings results that beat both top and bottom line forecasts. Visa also announced
State and federal estate and inheritance tax rates are what drive most peopleís estate plans, but now that tax rates are falling and exemptions rising in many jurisdictions, how much people will leav
During the third quarter, we expect MasterCard to report solid growth at similar levels as the previous quarter. Emerging markets will remain a strong focus for the company, and a slightly more confid
The Federal Reserve plans to keep a key interest rate at a record low to support a U.S. job market that's improving but still isn't fully healthy and to help boost unusually low inflation. As expected
I retired from the Federal Reserve on November 4, 2004, which will be 10 years ago in 6 days. At 8 AM tomorrow, I’m scheduled to give a speech on the economy after which I’ll have to give
Looking at the sectors faring best as of midday Wednesday, shares of Financial companies are outperforming other sectors, losing just 0.1%. Within that group, Aetna (NYSE: AET) and Ameriprise Financia
In afternoon trading on Wednesday, Materials stocks are the worst performing sector, showing a 1.5% loss. Within that group, Owens-Illinois (NYSE: OI) and Allegheny Technologies (NYSE: ATI) are two la
The wild swings of the stock market have sucked the momentum from Alibaba's world record-smashing debut earlier this fall, bringing the IPO market to a crawl and ending a hot streak that was expected
(Kitco News) - Gold prices traded solidly lower and hit a three-week low Wednesday afternoon, in the immediate aftermath of the latest FOMC statement that was deemed a bit hawkish on U.S. monetar
The Federal Reserve is “normalizing” its monetary policies. QE3, the latest installment of its multi-year $3.7 billion asset purchase program is ending this month. And although its z
There is no accounting for how many heirs an account might need to be divided among in an estate plan. There might be 3 beneficiaries or there might be 7, 11 or 13. Here are the best practices for how