By Suzanne Barlyn WASHINGTON (Reuters) - Wall Street's watchdog will present a plan to its board in July that would require brokers to tell certain clients about compensation they receive when they switch firms, the regulator's chief said on Tuesday. Richard Ketchum, the Financial Industry Regulatory Authority's chairman and chief executive, said he and his staff will review numerous letters about the proposal from industry and investor advocacy groups before the July meeting. Ketchum made the remarks during a briefing for reporters at FINRA's annual conference in Washington. ...
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. ...
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. ...
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. ...
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 ...
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.
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. ...
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. ...
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)
NEW YORK (AP) — Small-company stocks were a bright spot in a subdued start to the week for Wall Street.
By Angela Moon NEW YORK (Reuters) - Stocks ended little changed on Monday, with indexes hovering near record levels as concerns about a correction cut earlier gains that had been prompted by news about a flurry of acquisitions. The Dow and the S&P 500 briefly hit all-time intraday highs. Early in the session, investors' sentiment was brightened by a slew of deal news, including Yahoo Inc's acquisition of Tumblr. ...
NEW YORK (AP) — Small-company stocks were a bright spot in a slow and choppy start to the week for Wall Street.
By Herbert Lash NEW YORK (Reuters) - Global equity markets mostly rose on Monday, driven higher by a flurry of merger and acquisition activity, while a recent tumble in the yen against the dollar halted after Japan's economy minister suggested the currency might have weakened enough. Major American and European stock indices are up double digits - the U.S. benchmark S&P 500 index is almost 17 percent higher so far this year - and investors still see better returns ahead in equities, even as Wall Street closed slightly lower. Deals such as Yahoo's $1. ...
By Herbert Lash NEW YORK (Reuters) - Global equity markets mostly rose on Monday, driven higher by a flurry of merger and acquisition activity, while a recent tumble in the yen against the dollar halted after Japan's economy minister suggested the currency might have weakened enough. Major American and European stock indices are up double digits - the U.S. benchmark S&P 500 index is almost 17 percent higher so far this year - and investors still see better returns ahead in equities, even as Wall Street closed slightly lower. Deals such as Yahoo's $1. ...
By Herbert Lash NEW YORK (Reuters) - Global equity markets mostly rose on Monday, driven higher by a flurry of merger and acquisition activity, while a recent tumble in the yen against the dollar halted after Japan's economy minister suggested the currency might have weakened enough. Major American and European stock indices are up double digits - the U.S. benchmark S&P 500 index is almost 17 percent higher so far this year - and investors still see better returns ahead in equities, even as Wall Street closed slightly lower. Deals such as Yahoo's $1. ...
By Sudip Kar-Gupta LONDON (Reuters) - Britain's benchmark equity index rose on Monday to its best closing level since late 2000, helped by rising bank stocks, and analysts said there was little holding it back from its all-time highs. Interest rate cuts and injections of liquidity by central banks have hit returns on bonds, driving investors to seek the better returns on offer from equities, spurring a global stock market rally over the last year. The blue-chip FTSE 100 index closed up by 0.5 percent, or 32.57 points, at 6,755.63 points - its highest closing level since September 2000. ...
NEW YORK (AP) — The stock market is edging higher in midday trading, led by small-company shares.
NEW YORK (AP) — A stock market surge took a pause Monday after investors pushed indexes to record levels last week.
MUMBAI (Reuters) - The Reserve Bank of India said on Monday it has cut the time that exporters have to bring back into the country the value of goods or software they have exported to nine months from 12. It said its new guideline will take effect immediately and will be valid until the end of September. http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=7991&Mode=0 (Reporting by Shamik Paul)