World Bank

This week, the global economy will be in focus as central bankers from around the world meet in the U.S. to discuss their policies. European Central Bank President Mario Draghi will also deliver a much anticipated speech that markets will be watching closely for any indication about his plans...

The Federal Reserve will release its policy meeting minutes which are likely to capture the markets’ attention as investors try to put together a timeline for the bank to raise interest rates. Fed Chair Janet Yellen has given mixed signals about the bank’s position; on one hand promising to...

The market picked up where it left off Tuesday and recorded a second straight day of strong gains. The Dow posted a triple digit point gain while the S&P 500 and Nasdaq all gained as the Federal Reserve's Beige Book indicated that economic growth remained healthy in most U.S. regions. The...

Oversupply and diminishing demand that began with the financial crisis caused steel prices to slump and crushed the steel stocks. The Market Vectors Steel ETF (NYSE: SLX) once traded as high as $114.12 in 2008 before crashing to a low of $20.21 a few months later. Over the last few years the...

Futures Drop As Nikkei Tumbles Into Bear Market Territory U.S. equity futures tumbled in early pre-market trade after the Japanese Nikkei Index fell 6.35 percent into bear market territory. The USD/JPY, meanwhile, plunged below 95 and traded near 94.30. Top News In other news around the...

The World Bank, in its semi-annual Global Economic Prospects Report, cut global growth forecasts for 2013 and warned nations on using stimulus to create a short-term boost to economic growth. The World Bank cut its 2013 GDP growth forecast to 2.4 percent from the previous 3 percent forecast, which...

U.S. equity futures rose in early Thursday trading as comments from the World Bank's President, Dr. Jim Young Kim, indicated that he believes that China will be very aggressive in trying to restore growth once the political transition has taken place within the first half of 2013. The comments from...

U.S. equity futures fell in early Tuesday trading as the International Monetary Fund (IMF) slashed global growth forecasts in its quarterly World Economic Outlook. The IMF slashed its estimate for 2012 global growth to 3.3 percent global GDP growth from 3.5 percent in its previous estimate. Also,...

General Motors (NYSE: GM) reported sales of automobiles in China, the company's single biggest market, grew by only 1.7 percent year-on-year in September, the lowest growth rate this year. GM is particularly sensitive to economic activity in China since about 45 percent of its sales there are of...

Pre-open movers US stock futures are lower this morning, after the World Bank lowered its China growth outlook. Futures for the Dow Jones Industrial Average dipped 47 points to 13,489.00 and S&P 500 index futures fell 5.50 points to 1,450.00. Nasdaq 100 futures dropped 14 points to 2,790.25. A...

Already up more than 34 percent year-to-date, a performance that ranks among the best for country-specific ETFs, the iShares MSCI Philippines Investable Market Index Fund (NYSE: EPHE) could be on the receiving end of another positive catalyst. Over the weekend, Philippine President Benigno Aquino...

U.S. equity futures fell in early Monday trading as the World Bank slashed growth forecasts for Asian nations including China. The World Bank cut its estimates for Chinese growth in 2012 to 7.7 percent annualized GDP growth from 8.2 percent previously and cut its 2013 GDP growth estimate to 8.1...

US stock futures are lower this morning, after the World Bank lowered its China growth outlook. Futures for the Dow Jones Industrial Average dipped 44 points to 13,492.00 and S&P 500 index futures fell 5 points to 1,450.50. Nasdaq 100 futures dropped 12.75 points to 2,791.50. US stocks closed...