DJIA: 18,080.14  +21.45 (0.12%) | NASDAQ: 5,092.085  +36.021 (0.71%) | S&P 500: 2,117.69  +4.76 (0.23%) Markets closed

  • Show Article Details

    China may push platinum to $1,400 an ounce by the end of 2015. China will be key to a rally for platinum prices this year, according to Capital Economics in a recent report. Platinum prices should reach $1,400 by the end of this year, "supported by resilient Chinese demand," forecast Caroline Bain, senior commodities economist at Capital Economics, in a note issued Thursday.

  • Show Article Details

    * TSX dips 1.33 points, or 0.01 percent, to 15,391.02. * Four of the index's 10 main groups retreat. * Energy down 0.4 percent, materials up 0.2 percent. By Solarina Ho. Canada's main stock index was little changed on Friday as losses in oil and gas and gold-mining shares were offset by modest gains in other sectors.

  • Show Article Details

    The chorus spoke with one voice on Greece on Friday. "Time is running out," said Jeroen Dijsselbloem, the head of the Eurogroup. He was echoed by Pierre Moscovici, European commissioner for economic and financial affairs, and European Central Bank President Mario Draghi.

  • Show Article Details

    Latin American credits were enjoying some spillover Friday from the euphoric response to yesterday's release of full-year results from Brazilian oil company Petrobras. Stronger oil prices and rallying equity markets were also providing support for the region, where Paraguay is making an opportunistic US$280m tap of its 2023s today.

  • Show Article Details

    * U.S. durable goods data add to outlook worries. * Dollar index touches three-week low. * Euro trims gains as Greece gets aid warning. By Michael Connor. Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday and gave Federal Reserve policymakers even less reason to raise near-zero interest rates any time soon.

  • Show Article Details

    NEW YORK-- It's a mad, mad world in government bonds. A trillion-euro bond-buying program being carried out by the European Central Bank to help deliver a shot in the arm to the eurozone's sluggish economy and the allure of relatively safe U.S. government debt are distorting markets. Around 25% of the eurozone's government bonds carry a negative yield meaning investors are paying for the privilege of lending money to governments.

  • Show Article Details

    * FTSEurofirst 300 up 0.2 percent. * Electrolux and Renault, rise after results. * German Ifo points to strong business morale. * Greek shares up on debt deal optimism. By Alistair Smout. European shares rose on Friday, boosted by encouraging corporate earnings and upbeat economic data, while prospects for a deal over Greece's debt crisis also lifted Athens' volatile market.

  • Show Article Details

    Canada's main stock index opened higher on Friday, tracking global market gains, as the heavily weighted resource and financial stocks led advances. The Toronto Stock Exchange's S&P/TSX composite index rose 29.31 points, or 0.19 percent, to 15,421.66. Five of the index's 10 key groups were rose.

  • Show Article Details

    Share buybacks encourage executives to loot companies, stall innovation and depress wages, argues Rex Nutting. Two hurdles stand in the way of Greece moving forward. Any deal with European authorities must take into account mutually agreed-upon reforms, writes Yanis Varoufakis.

  • Show Article Details

    * Euro retreats as little breakthrough made on Greece. * German IFO slightly better. * Dollar index edges up, durable goods orders eyed. By Anirban Nag. The euro retreated from a two-week high against the dollar on Friday as lingering hopes that cash-strapped Greece was making progress toward securing fresh funding were dashed.

  • Show Article Details

    German Bund yields were on track for their biggest weekly rise of 2015 as fears of an imminent Greek default eased, though strategists still saw ECB buying as a powerful driver in the opposite direction. Greece offered concessions on Friday on some key reforms demanded by international lenders in exchange for new funding, with Athens' coffers emptying rapidly.

  • Show Article Details

    The Nasdaq Composite's record performance helped Taiwan stocks hit their highest close in more than 7 1/ 2 years Friday as the benchmark Taiex index ended one of its best weeks so far this year, while the recent rallies in Shanghai and Hong Kong showed signs of weakening. The Nasdaq's record close Thursday helped the tech-heavy Taiex to a strong finish--it added 1.2% to 9,913.28 Friday and ended the week with a gain of 3.6%. Heavyweight Taiwan Semiconductor Manufacturing Co. (TSM) rose...

  • Show Article Details

    * FTSEurofirst 300 up 0.4 percent. * Electrolux and Renault, rise after results. * German Ifo points to strong business morale. * Greek shares up on debt deal optimism. By Alistair Smout. European shares climbed higher on Friday, boosted by encouraging corporate earnings and upbeat economic data, while the volatile Athens market also rose on prospects for a deal over Greece's debt crisis.

  • Show Article Details

    Daily reference rate set at strongest level since January. China's central bank guided the yuan to its strongest level in three months as Beijing seeks to stem outflows and keep the tightly controlled currency buoyant just as the economy suffers a bruising slowdown. A gauge of factory activity is at its lowest in a year, growth has fallen to its slowest since the global financial crisis and signs of distress are growing in China's bond markets.

  • Show Article Details

    * Euro up 0.7 percent vs dollar. * German IFO slightly better. * Dollar index nurses Thursday's losses. By Anirban Nag. The euro hit a two-week high against a soft dollar on Friday, supported by a rise in a key German business sentiment survey and hopes that cash-strapped Greece was making tentative progress toward securing fresh funding.

  • Show Article Details

    * MSCI World extends multi-year rally. * Euro hits 2-wk high ahead of Ifo survey. * Oil prices steady. By Lionel Laurent. Global equity markets rode to new all-time highs on Friday, with positive corporate updates in Europe and a post-dotcom-boom peak for the U.S. Nasdaq stoking investor optimism.

  • Show Article Details

    Yields on Greek debt fell Friday, while bond prices rose, as eurozone finance ministers were set to talk about Greece's mounting debt troubles. The yield on 2- year debt fell 1.1 percentage points to 23.63%, and the yield on 10- year bonds fell 83 basis points to 12.04%. Greece and its creditors have been unable to reach a deal on Greek economic reforms needed for Greece to receive its next tranche of bailout funds.

  • Show Article Details

    * FTSEurofirst 300 up 0.4 percent. * Electrolux, Renault, Sabadell all rise after results. * German Ifo points to strong business morale. * Greek shares up on debt deal optimism. By Alistair Smout. European shares rose in early deals on Friday, boosted by encouraging earnings reports, with investors also cautiously optimistic over the prospects of a deal over Greece's debt crisis.

  • Show Article Details

    German Bund yields dipped on Friday but were on track for one of their biggest weekly rises of the year as diminishing fears of an imminent Greek default reduced appetite for safe haven assets, though ECB buying still supports.