News on Financial Markets

Stock futures sharply lower ahead of opening

2010-03-22T05:00:26Z

<div><p>Stock futures are falling sharply Monday as investors continue to worry about Greece's ability to repay debt.</p><p>Reaction to the U.S. government's passage of sweeping health care reform over the weekend will also be closely watched throughout the day.</p><p>Overseas markets are falling because of concerns that Greece might not get the outside financ...

Tiffany 4Q profit rises on strong sales

2010-03-22T05:00:23Z

<div id="subtitle">Tiffany & Co. 4th-quarter profit rises on sales increase, offers view above expectations</div><div><p>Rising sales worldwide for jeweler Tiffany & Co., particularly during the holidays, boosted its fourth-quarter profit.</p><p>Tiffany, known for its signature turquoise boxes, on Monday also forecast 2010 earnings ahead of Wall Street's expectations on Monday. But results m...

Asian shares lower on Indian rate move

2010-03-22T04:15:41Z

<div><p>A surprise rate hike from the Reserve Bank of India triggered fears that other central banks in Asia may step up inflation-fighting efforts, leading shares lower across the region Monday.</p><p>Analysts had widely expected the RBI to raise rates soon, but the timing of Friday's 25 basis-point rise for its key lending and borrowing rates, between policy...

World stocks hit by Greek debt, India rate hike

2010-03-22T04:00:23Z

<div id="subtitle">World stocks slide as Greek debt crisis, India rate hike rattle investors</div><div><p>World stock markets retreated Monday following Wall Street's sell-off on Friday and amid ongoing concerns about Greece's debt crisis ahead of a key meeting of EU leaders ...

More foreign firms feel unwelcome in China

2010-03-22T04:00:17Z

<div id="subtitle">Survey shows rising number of foreign firms feel unwelcome in China market, new policy blamed</div><div><p>A growing number of foreign businesses in China feel shut out under new government policies promoting homegrown technology, according a survey released Monday.</p><p>Fully 38 percent of foreign firms questioned by the US dollar.</p><p>New York's main contract, light sweet crude for April delivery, was down 63 cents to 80.05 dollars a barrel.</p><p>London's Brent North Sea crude for May delivery shed 42 cents to 79.46 dollars a barrel.</p>&...

Coal prices ready to burn hot in 2010?

2010-03-21T19:15:24Z

<div id="subtitle">Ways investors can play this commodity</div><div><p>For most of the past 50 years, since the birth of environmental awareness, coal has been the "black sheep" of the power-production family. Now, thanks to more efficient furnaces, better exhaust-scrubbing systems and other technological advances, coal is regaining favor in the world's energy markets. However, the biggest factor in coal's recent price surge is steadily increasing demand for the fossil f...

Best 212 dividend stocks in America

2010-03-21T19:15:18Z

<div id="subtitle">Yields anywhere between 3% and 10%</div><div><p>"Always be compounding." The three words above are written on a piece of paper and taped to my computer screen. Compounded returns are the single most important force in finance for generating investment profits. They're safe. They're sure. And anyone can do it. These three words remind me I should never stray from compounding, no matter what. Today, I'm going to tell you about a special list of 212 sto...

Stockhouse @ the Bell: Big fat Greek worries weigh on stocks

2010-03-21T19:15:14Z

<div id="subtitle">North American stock markets fell Friday as the Greek financial crisis pushed the U.S. dollar higher, which lead to lower prices for commodities.</div><div><p>Today on Stockhouse </p><p>Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here. </p><p>James Turk of Reuters) - China's yuan could become a reserve currency accounting for at least five percent of global foreign-exchange reserves as early as 2025, central bankers said in an annual global survey.</p><p>The poll of reserve managers from 43 central banks also revealed a renewed respect for gold as a reserve asset and store of valu...

China vows to hit back if targeted by U.S. on yuan

2010-03-21T16:30:11Z

<div><p>BEIJING (Reuters) - Beijing will retaliate if the United States declares China a currency manipulator and imposes trade sanctions, Commerce Minister Chen Deming said on Sunday, firing the latest salvo in a spat ove...

IMF warns wealthiest nations about their debt

2010-03-21T11:15:20Z

<div id="subtitle">IMF warns wealthiest nations about their debt</div><div><p>The International Monetary Fund warned the world's wealthiest nations Sunday to watch their surging levels of government debt, saying it could drag down the growth needed to ensure continued economic recovery.</p><p>The economic crisis is leaving "deep scars in fiscal balances, particularly in the a...

UAE stocks seen surging if Dubai government backs debt plan

2010-03-21T05:45:09Z

<div><p>DUBAI (Reuters) - Dubai's debt restructuring proposal will determine the fate of UAE equity markets as the ailing emirate seeks support from Abu Dhabi, with markets poised to rally if the deal includes guarantees, analysts said.</p><p>Dub...

China warns US against sanctions over currency

2010-03-21T03:15:20Z

<div id="subtitle">China warns US against sanctions over currency dispute, says may report trade deficit in March</div><div><p>China's commerce minister warned the United States on Sunday against imposing trade sanctions over Beijing's currency controls, and said his country was likely to report a trade deficit in March.</p&g...

China warns US against yuan sanctions

2010-03-21T01:15:11Z

<div><p>China warned Sunday it may retaliate if the United States imposes trade sanctions and other penalties over its exchange rate policy, state media reported.</p><p>"We will not turn a blind eye," People's Daily quoted Commerce Minister Chen Deming as saying...

China says trade deficit likely in March

2010-03-21T00:15:29Z

<div><p>China's export-dependent economy is likely to experience a trade deficit in March, a senior government official warned Sunday, possibly signalling a slowdown in overseas shipments.</p><p>Commerce minister Chen Deming also defended the nation's exchange rate policy, noting a stronger yuan by itself could not resolve global trade imbalances.</p><p>Chen's remar...

Greek drama reveals a more euro-cautious Germany

2010-03-20T22:15:55Z

<div><p>As Europe looks to Germany for answers on how to bail out debt-stricken Greece, Berlin has become ever more willing to defend its national interests rather than toe the European line, analysts said.</p><p>In recent days, Germany has moved away from promoting a European-...

US currency battle with China underscores global concerns

2010-03-20T21:15:34Z

<div><p>By pushing China hard to revalue its currency, the United States may also be doing a favor for export-driven Asian and European nations reeling from Beijing's exchange-rate policy.</p><p>Many of these economies, like the United States, have long complained that a weak BEIJING (Reuters) - China's trade balance could turn to a deficit in March, commerce minister Chen Deming said on Sunday, adding that adjustments to the yuan's value would not by itself resolve global trade i...

Germany okay with bilateral EU aid to Greece: minister

2010-03-20T13:15:38Z

<div><p>Germany will agree to European countries providing bilateral assistance to debt-stricken Greece, Finance Minister Wolfgang Schaeuble said Saturday.</p><p>"For EU aid to Greece, there is no collective instrument. In case of extreme necessity there cou...