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Global financial news, market analysis, economics and forex news

H&R Posts Smaller Loss; To Buyback $3.5 Bln. Stock
Tue, 01 Sep 2015 22:21:59 GMT - H&R Block reported a smaller loss for the first quarter, driven by a four percent increase in revenues, partly offset by foreign currency fluctuations. The company announced a $3.5 billion stock buyback, and its shares gained 7% in after-hours trade...
Stocks Fall Sharply Amid Global Economic Worries - U.S. Commentary
Tue, 01 Sep 2015 21:25:18 GMT - Stocks saw substantial weakness during trading on Tuesday, adding to the loss posted in the previous session. With the drop on the day, the major averages further offset the recovery rally that was seen last week.
Crude Oil Plunges To End Below $46 On Demand Growth Concerns
Tue, 01 Sep 2015 18:59:58 GMT - U.S. crude oil plunged to end sharply lower on Tuesday, surrendering most of the massive gains made yesterday on concerns over demand growth outlook, after some disappointing economic data from China.
Almost All Sea Birds Have Eaten Plastic
Tue, 01 Sep 2015 18:38:45 GMT - About nine-tenths of the world's sea birds are likely to have consumed pieces of plastic which continue to remain in their guts, a study shows.
Automakers Report Mixed U.S. Sales In August
Tue, 01 Sep 2015 18:33:29 GMT - Automakers reported some mixed U.S. sales for August, marked by fewer working days and a delayed Labor Day, even as the month was largely bullish, spurred by lower interest rates, cheaper gas, and some strong employment data that buoyed consumer confidence.
Gold Ends Higher On Safe Haven Appeal, Disappointing Economic Data
Tue, 01 Sep 2015 18:14:41 GMT - Gold futures rebounded to end higher on Tuesday, with investors seeking the safe haven appeal of the metal after some some disappointing economic data from the China and the U.S. The sharp sell-off in global equity markets, also prompted investors to turn to the precious metal.
Global Economic Worries Cause Another Sell-Off On Wall Street - U.S. Commentary
Tue, 01 Sep 2015 15:07:30 GMT - Continuing the recent wild ride by the markets, stocks have moved sharply lower in early trading on Tuesday. The major averages have dropped firmly into negative territory, further offsetting the recovery rally that was seen last week.
U.S. Construction Spending Climbs To Seven-Year High In July
Tue, 01 Sep 2015 14:47:50 GMT - Reflecting a jump in spending on private construction, the Commerce Department released a report on Tuesday showing that total U.S. construction spending reached its highest level in seven years in the month of July.
U.S. Manufacturing Index Unexpectedly Drops To Two-Year Low In August
Tue, 01 Sep 2015 14:33:10 GMT - Activity in the U.S. manufacturing sector unexpectedly grew at a slower rate in the month of August, according to a report released by the Institute for Supply Management on Tuesday, with the index of activity in the sector falling to its lowest level in over two years.
Dollar Tree Slips To Loss In Q2; Sees Q3, 2015 Revenues Below View
Tue, 01 Sep 2015 13:19:12 GMT - Discount retailer Dollar Tree, Inc. on Tuesday reported a loss for the second quarter, reflecting costs related to the acquisition of Family Dollar Stores Inc. and on lower margins that more than offset higher revenues. However, revenues for the quarter missed analysts' expectations and the company forecast revenues for the third quarter as well as fiscal 2015 also below their estimates.
Eurozone Unemployment Rate Lowest Since 2012
Tue, 01 Sep 2015 13:04:14 GMT - Eurozone unemployment rate unexpectedly dropped in July to its lowest level in three-and-a-half years, adding to hopes that consumer spending would support growth amid low inflation. The unemployment rate fell to 10.9 percent in July, after holding steady at 11.1 percent in the previous two months, data from Eurostat revealed Tuesday. The figure was expected to remain at the 11.1 percent level f
Stocks May Fall Sharply Amid Renewed Concerns About China - U.S. Commentary
Tue, 01 Sep 2015 12:58:58 GMT - Stocks are likely to come under pressure in early trading on Tuesday, extending the pullback seen in the previous session. The major index futures are currently pointing to a sharply lower open for the markets, with the Dow futures down by 416 points.
Global Growth To Be Weaker Than Expected - IMF's Lagarde
Tue, 01 Sep 2015 12:50:48 GMT - Global economic growth is set to moderate and will likely be weaker-than-expected earlier due to sluggish recovery in advanced economies and a further slowdown in emerging economies, International Monetary Fund Managing Director Christine Lagarde said Tuesday.
GLACIER Conference Vows To Take Urgent Action To Slow Arctic Warming
Tue, 01 Sep 2015 12:09:45 GMT - Eleven countries and the European Union have reaffirmed their commitment to take urgent action to slow the pace of warming in the Arctic, focusing on actions that impact the global atmosphere as well as the Arctic itself. The commitment was made by the United States, France, Germany, Italy, Japan, South Korea, Netherlands, Poland, Singapore, Spain, United Kingdom, and European Union at the GLACI
Wall Street Set For Sell-off As China Serves Up More Bad Tidings
Tue, 01 Sep 2015 10:30:11 GMT - Trading in the U.S. index futures suggests that Wall Street stocks may open Tuesday's session notably lower, joining the global market rout. The reason is not any different, as China threw up additional evidence of a wobbly economy. Two separate surveys showed that China's factory activity contracted, with the official data pointing to the steepest contraction in 3 years. Along with the China concerns, the domestic markets may also stay apprehensive due to the release of two-labor market readings over the course of the next three days, which have ramification for the Fed rate.
UK Manufacturing Growth Unexpectedly Slows In August
Tue, 01 Sep 2015 09:27:50 GMT - British manufacturing expansion slowed in August, defying expectations for a modest improvement, survey figures from the Chartered Institute of Procurement & Supply and Markit Economics showed Tuesday. The purchasing managers' index fell to 51.5 from 51.9 in July. Economists had expected a score of 52. A PMI reading above 50 suggests expanding activity.
Asian Stocks Tumble As China Worries Intensify
Tue, 01 Sep 2015 09:16:11 GMT - Asian stocks fell across the board on Tuesday after surveys portrayed a further loss of momentum in the world's second-largest economy. Weak capex data out of Japan and sluggishness in South Korea's exports also sent investors fleeing riskier assets in search of safe-haven assets such as the Japanese yen and gold.
Frozen Corn Recalled Over Listeria Risk
Tue, 01 Sep 2015 08:04:46 GMT - Bonduelle USA Inc. of Brockport, New York is recalling 9,335 cases of frozen corn because of possible contamination with the deadly bacterium Listeria monocytogenes. The problem came to light when the product was tested at retail by the State of Tennessee.
Australia Retains Record Low Interest Rate
Tue, 01 Sep 2015 07:26:17 GMT - Australian policymakers judged it appropriate to leave the key interest rate unchanged at a record low for the fourth straight meeting. The Reserve Bank of Australia Policy Board, governed by Glenn Stevens, decided to leave the cash rate at 2.00 percent. The bank had lowered the rates by 25 basis points each in February and May.
European Stocks Seen Falling After China Data
Tue, 01 Sep 2015 06:28:45 GMT - The European markets are set to open lower on Tuesday as another batch of disappointing Chinese economic figures rekindled worries over global growth.
China's Manufacturing Shrinks Most Since 2009; Services Growth Weakens
Tue, 01 Sep 2015 06:09:11 GMT - Chinese manufacturers reported the sharpest deterioration in operating condition in more than six years in August and the service sector expanded at the slowest pace in the current 13-month sequence of growth. The manufacturing Purchasing Managers' Index fell to 47.3 in August, which was the lowest reading since March 2009, survey data from Caixin Insight Group and Markit showed Tuesday.
AIMT Is Nothing To Sneeze At, AGRX Secured, TiGenix Admired, ICPT Gets FDA Date
Tue, 01 Sep 2015 05:29:19 GMT - TiGenix NV's (TGXSF.OB) lead compound Cx601 has met the primary endpoint in a phase III trial in Crohn's disease patients with complex perianal fistulas. Based on the positive phase III results, the company plans to submit a Marketing Authorisation Application to EMA early 2016.
Asian Markets Extending Losses On Wall Street Lead, China PMI
Tue, 01 Sep 2015 03:25:51 GMT - Asian stock markets are extending losses on Tuesday from the previous session, tracking the negative lead overnight from Wall Street. In addition, data showing that activity in China's vast manufacturing sector has contracted added to concerns over the health of the world's second-largest economy.
Stocks Move Back To The Downside After Last Week's Rebound - U.S. Commentary
Mon, 31 Aug 2015 20:27:46 GMT - Stocks moved mostly lower over the course of the trading day on Monday, giving back some ground following the recovery seen last week. The markets rebounded after moving lower in early trading but moved back to the downside as the day progressed.
Crude Oil Soars To End Over $49 A Barrel, Gains 4.4% For Month
Mon, 31 Aug 2015 19:02:41 GMT - U.S. crude oil surged to end a near 9 percent high on Monday, after official data showed domestic output in the U.S. to have declined significantly, even as reports indicate concerns of the Organization of the Petroleum Exporting Countries over the steep fall in prices.
Poll Shows American Voters Dissatisfied And Angry
Mon, 31 Aug 2015 18:55:22 GMT - With the 2016 presidential campaign already getting into full swing, the results of a new Quinnipiac University poll found that a vast majority of American voters are dissatisfied with the way things are going in the nation.
Gold Ends Lower But Gains 3.4% For Month
Mon, 31 Aug 2015 18:03:47 GMT - Gold futures ended lower on Monday, on investor concerns over the outlook for U.S. interest rates, although the loss was limited with the dollar weakening against a basket of some major currencies.
Stocks Regain Ground But Remain Mostly Negative - U.S. Commentary
Mon, 31 Aug 2015 16:11:03 GMT - After coming pressure early in the session, stocks have regained some ground over the course of the trading day on Monday. The major averages have climbed well off their worst levels of the day but remain in the red.
Sanders, Trump See Sharp Jumps In Support In Iowa
Mon, 31 Aug 2015 15:36:00 GMT - Vermont Senator Bernie Sanders, I-Vt., has seen a sharp jump in support in the first-in-the-nation caucus state of Iowa, according to a new Des Moines Register/Bloomberg Politics Iowa Poll. The poll found that Sanders is the first choice of 30 percent of likely Democratic caucusgoers.
Stocks Give Back Ground Following Last Week's Rebound - U.S. Commentary
Mon, 31 Aug 2015 14:45:25 GMT - Stocks have come under pressure in early trading on Monday, giving back some ground following the rebound seen last week. The major averages have slid firmly into negative territory, although selling pressure has waned since the open.

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