17 May 2005 08:57 AM

U.S. PPI unexpectedly rose 0.6% in April from 0.7% in March, due to rising oil prices, according to the Labor Department. Economists were forecasting 0.4%. On a year-on-year basis the PPI was up 4.8%.

17 May 2005 08:41 AM

The defense team of Mikhail Khodorkovsky, Russia’s once richest man and owner of oil giant YUKOS, is not very optimistic about the verdict after the Moscow’s Meshchansky District court Judge started delivering the verdict in hearings over the case of Mikhail Khodorkovsky and his partner Platon Lebedev, in a vocable case that attracted attention of international organizations and leading countries.

17 May 2005 08:39 AM

Foreigners bought fewer US bonds and stocks in March indicating tough times for the country to fund its trade deficit with money borrowed abroad.

17 May 2005 08:38 AM

Turning to retirement plans consultants who sell investment advice to plan managers may be a wrong step for those following the plans, according to the Securities and Exchange Commission.

17 May 2005 08:12 AM

The US dollar went up again within the weaker-than-expected performance of the Japanese yen and optimistic outlook of the US economy revealed Tuesday.

17 May 2005 07:49 AM

Morgan Stanley will pay $604 million in damages to Ronald Perelman, chairman of cosmetics group Revlon Inc. who previously sought $2.7 billion from the investment bank, that, in his words, deceived him on the sale

17 May 2005 06:20 AM

MOODY'S INVESTORS CUT BLOCKBUSTER'S LONG-TERM DEBT RATING TO B1 FROM Ba3

17 May 2005 05:52 AM

UBS RAISED ING GROUP TO "BUY" FROM "NEUTRAL"

17 May 2005 05:51 AM

UBS CUT ADECCO TO "NEUTRAL" FROM "BUY"

17 May 2005 03:17 AM

Japanese GDP rose 5.3% in the first quarter from a revised 0.1% in the fourth quarter on rising consumer expenditures. Economists were forecasting 2.5%. On a quarter-on-quarter basis, GDP increased 1.3%. Economists were expecting 0.6

17 May 2005 03:06 AM

Advantest fell 1.43% and closed at 7580 yen, Canon rose 0.72% to 5600 yen. NEC declined 0.17% to 575 yen. Sony dropped 0.76% to 3930 yen.

16 May 2005 06:43 PM

The European Union said its economy is likely to suffer from the quotas imposed by the US on some Chinese clothing goods in an attempt to fight trading deficit. China’s reaction to the quotas was rapid with the statements showing anger at the restrictions that were uncurbed in January. China

16 May 2005 05:42 PM

The US credit unions are expected to turn to immigrant business taking a huge piece of the annual $34 billion program. The market is now dominated by such money transfer giants as Western Union and MoneyGram.

16 May 2005 04:05 PM

The Dow Jones Industrial rallied 113.87 points, or 1.12%, to 10,253.99. The Nasdaq Composite rose 17.39 points, or 0.88%, to 1,994.17. The S&P500 rose 11.66 points, or 1.01%, to 1,165.71.

16 May 2005 02:05 PM

Iran has an option to hold emergency talks with the European Union countries over the controversial nuclear program, according to people familiar with the matter. The move comes amid the efforts from both parties to save the talks that failed after Iran said it would resume converting