Economy
Stock index Futures Point To More Losses
Stock index futures pointed to a lower opening on Wall Street on Wednesday, with futures for the S&P 500 and Dow Jones down around 0.1 percent, while the Nasdaq 100 fell 0.4 percent at 4:10 a.m. EDT.
Wednesday, May 16, 2012
LNG-Hungry Japan to Purchase 10% Stake in Australia's Wheatstone Gas Project for $4.4 B
The Japanese government together with a consortium of Japanese companies are poised to buy a 10 per cent stake in Chevron Corp.'s Wheatstone liquefied natural gas (LNG) project in Australia for $4.35 billion.
Wednesday, May 16, 2012 by Esther Tanquintic-Misa
Australian Stock Market Report – Afternoon 5/16/2012
The Australian sharemarket lost ground for the second consecutive day, with the All Ordinaries Index (XAO) falling by 2.4 pct or 101.6 pts to 4214.7. Shares have fallen by around 5 pct so far this month and have significantly reduced the gains for the calendar year to just 2.5 pct.
Wednesday, May 16, 2012 by Steven Daghlian, CommSec Market Analyst
Bank of England Slashes UK Growth Forecast for 2012
Bank of England economists have cut their growth forecast for the UK economy in 2012 by a third, as the eurozone crisis weighs on the economy.
Wednesday, May 16, 2012 by Shane Croucher
John Lewis Increases Sales Despite Economy Limping
The UK's biggest department store group shows increased sales but other retailers are not so upbeat.
Wednesday, May 16, 2012 by IBTimes Staff Reporter
Sensex Plummets Over 300 Points; Rupee Hits All-Time Low
The BSE Sensex plummeted more than 300 points, falling below the psychological 16,000 edge on Wednesday, for the first time in four months as global markets receded and the rupee breached 54.30 to the dollar to hit new life low.
Wednesday, May 16, 2012
Over and Out for Japan's Nuclear Industry?
The Tokyo Electric Power Company (TEPCO), the owners of the Fukushima Daiichi Nuclear Power Plant devastated by the March 2011 Tohoku Earthquake and Tsunami, reported a net-loss of $9.7 billion for the full year ending 31 March 2012.
Wednesday, May 16, 2012 by Graeme Mackay
UK Unemployment Rate Surprise Fall to 8.2% in March
Unemployment has fallen in March, defying expectations of a rise after news that the UK has re-entered recession.
Wednesday, May 16, 2012 by Shane Croucher
JPMorgan Faces FBI Investigation over 'London Whale's' Trading Loss
FBI and the US Justice Department are launching a criminal inquiry into trading practices of JPMorgan following its revelation of $2bn (£1.2bn) loss.
Wednesday, May 16, 2012 by Geetha Pillai
European Crisis Live: Global Markets Preparing for 'Grexit' as New Election Date Set
Gold, oil, shares fall around the world as Euro break-up speculation grips investors
Wednesday, May 16, 2012 by Martin Baccardax
