| Global shares edge higher, S&P 500 at fresh all-time high |
By Ryan Vlastelica NEW YORK (Reuters) - Stock markets around the world edged higher on Tuesday amid signs of improving growth, even as uncertainties concerning monetary policy limited gains. The Dow and S&P 500 were at all-time highs while the dollar rose and gold fell. The euro was slightly higher, though a slowdown in British inflation sent sterling to a 7-week low on the view it could give the Bank of England more leeway to support the economy. The yen lost ground after a Japanese minister rowed back on remarks suggesting the currency had weakened enough. ...
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| World shares higher; S&P 500 at fresh all-time high |
By Ryan Vlastelica NEW YORK (Reuters) - Stock markets around the world edged higher on Tuesday amid signs of improving growth, even as uncertainties concerning monetary policy limited gains. The Dow and S&P 500 were at all-time highs while the dollar rose and gold fell. The euro was slightly higher, though a slowdown in British inflation sent sterling to a 7-week low on the view it could give the Bank of England more leeway to support the economy. The yen lost ground after a Japanese minister rowed back on remarks suggesting the currency had weakened enough. ...
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| Wall Street advances as Home Depot, JPMorgan buoy Dow |
By Leah Schnurr NEW YORK (Reuters) - Stocks gained on Tuesday after Home Depot raised its profit outlook, while JPMorgan rose after its chief executive won a vote of confidence from shareholders. Shares of the two companies helped lift the blue-chip Dow as the broader market picked up steam in the early afternoon, sending indexes to fresh intraday records. Comments from a top Federal Reserve official also boosted the market as they eased some concerns that the central bank could start to reduce its stimulus program, known as quantitative easing, or QE. ...
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| Stock indexes head higher in afternoon trading |
The stock market turned higher Tuesday as investors banked on continued policy support from the Federal Reserve. Two big retailers also topped Wall Street expectations for the most recent quarter. The ...
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| Indexes edge higher on Wall Street in midday trade |
NEW YORK (AP) — Stock indexes are edging higher in midday trading on Wall Street as investors look ahead to the Federal Reserve's next moves.
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| Indexes edge higher on Wall Street in early trade |
NEW YORK (AP) — Stock indexes are edging higher in early trading on Wall Street as investors look ahead to the Federal Reserve's next moves. |
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| Royal Mail profit soars before privatisation |
By Neil Maidment LONDON (Reuters) - Royal Mail more than doubled annual profit on the back of an online shopping boom, providing a timely boost as it plans for a stock market listing this year. In a marked turnaround for a business that has been fighting to adapt to a more competitive market and falling letter volumes, Royal Mail reported adjusted operating profit of 403 million pounds in the year to March 31, against 152 million pounds a year earlier. ...
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| U.S. asks judge to deny S&P's motion to dismiss fraud lawsuit |
(Reuters) - The U.S. Justice Department on Monday asked a federal judge to deny Standard & Poor's motion to dismiss a government lawsuit against the ratings agency, saying its statements on certain financial products were fraudulent and not mere "puffery". In a $5 billion suit, the U.S. government has accused S&P, owned by McGraw Hill Financial Inc , of issuing inflated ratings on faulty products to drum up business before the 2008 financial crisis, despite assurances that its judgments were objective. ... |
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| EU antitrust regulators to rule on ICE, NYSE deal by June 24 |
BRUSSELS (Reuters) - European antitrust regulators will decide by June 24 whether to clear an $8.2 billion (5.4 billion pounds) takeover bid by IntercontinentalExchange Inc for New York Stock Exchange operator NYSE Euronext . ICE, a derivatives exchange and clearinghouse operator, is making its second bid to buy NYSE in a deal that will give it control of Liffe, Europe's second-largest derivatives market, and boost its presence in the interest-rate futures business. It would also strengthen the Atlanta-based company against U.S. ... |
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| Goldman exits China's ICBC, seven years and billions later |
By Fiona Lau and Elzio Barreto HONG KONG (Reuters) - Goldman Sachs Group Inc raised $1.1 billion by selling its remaining shares in Industrial and Commercial Bank of China, ending a seven-year old investment and handing the Wall Street firm a return of nearly four times its original stake. Goldman's relationship with ICBC was similar to that of other big global financial institutions that purchased stakes in Chinese banks and insurers. ...
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| Nikkei slips from 5-1/2 year high on stall in yen weakness |
TOKYO (Reuters) - Japan's Nikkei share average eased from a 5-1/2-year high on Tuesday as Wall Street ended flat and the dollar slipped against the yen on caution before U.S. Federal Reserve Chairman Ben Bernanke's testimony. The Nikkei fell 0.6 percent to 15,269.85, while the broader Topix index dipped 0.2 percent to 1,266.71. (Reporting by Dominic Lau; Editing by Edwina Gibbs)
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| Small company stock are a bright spot |
NEW YORK (AP) — Small-company stocks were a bright spot in a subdued start to the week for Wall Street.
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