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HuaweiNEW YORK — Stocks slipped in early trading Tuesday, shortly after Federal Reserve Chairman Ben Bernanke released a grim assessment of the economy.
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LONDON - Barclays was in such denial about the scandal over its interest rate manipulation that Bank of England chief Mervyn King said he had to tell it that regulators had lost confidence in Bob Diamond as chief executive days before he resigned.
LONDON - Britain’s banks have been told to test how they would cope if several euro zone countries exited the single currency, the UK’s Financial Services Authority watchdog said on Tuesday.
LONDON - Gold prices surrendered gains on Tuesday in line with stock markets and the euro as investors awaited a statement from Federal Reserve chairman Ben Bernanke, which will be closely watched for hints of any further economic stimulus measures.
LONDON - Britain’s top share index fell on Tuesday, weighed by mining stocks after Rio Tinto posted weak quarterly sales, with trade thin as traders awaited testimony from the US Federal Reserve chief for insight into its plans for extra stimulus.
LONDON - Gold prices rose towards $1,600 an ounce on Tuesday in line with the firmer euro as investors awaited a statement from Federal Reserve chair Ben Bernanke later, after soft US data fuelled talk he may hint at fresh measures to stimulate the economy.
LONDON - Copper rose on Tuesday on expectations the US Federal Reserve could signal further stimulus to prop up the flagging economy following weak economic data, but gains were capped by European debt crisis concerns and a cloudy outlook for metals demand.
LONDON/SEOUL - Samsung Electronics has bought chipmaker CSR’s mobile phone connectivity and location technology for $310 million in a deal that strengthens the South Korean company’s smartphone platform and patent portfolio.
LONDON — Global markets rose Tuesday on hopes that the United States and China might take new steps to combat a downturn in economic growth.
HONG KONG — Asian shares were widely up Tuesday, led by a sharp rise in Hong Kong, amid hopes of Chinese and US stimulus measures ahead of Federal Reserve Chairman Ben Bernanke appearing before Congress.
