Roundup: U.S. stocks close higher on economic data and earnings

February 17, 2011 12:28 pm· Comments Off on Roundup: U.S. stocks close higher on economic data and earnings 

NEW YORK, Feb. 17 — U.S. stocks gained on Wednesday after a round of economic data and strong earning reports.

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U.S. economic recovery on "firmer footing": Fed

February 17, 2011 12:28 pm· Comments Off on U.S. economic recovery on "firmer footing": Fed 

WASHINGTON, Feb. 17 — The U.S. economic recovery "was on a firmer footing" and the economy is expected to grow up to 3.9 percent this year, reported the Federal Reserve on Wednesday.

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Gold holds steady near month high

February 17, 2011 12:28 pm· Comments Off on Gold holds steady near month high 

CHICAGO, Feb. 17 — Gold futures on the COMEX Division of the New York Mercantile Exchange fluctuated around the one-month high amid heavy wait-and-see attitude among investors, who worried that high-inflation economies would take measures to cool economy.

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Dollar drops amid Fed minute, economic data

February 17, 2011 12:28 pm· Comments Off on Dollar drops amid Fed minute, economic data 

NEW YORK, Feb. 17 — The U.S. dollar fell against major currencies in late New York trading on Wednesday amid the minutes from the Fed and economic data.

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Oil rebounds on unrest in Middle East, Brent hits multi-year high

February 17, 2011 12:28 pm· Comments Off on Oil rebounds on unrest in Middle East, Brent hits multi-year high 

NEW YORK, Feb. 17 — Crude oil prices rebounded on Wednesday as anti-government protests kept spreading in the Middle East and Israel's foreign minister said Iran planned to send two warships through the Suez Canal to Syria, with Brent crude hitting near 2.5-year high.

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Roundup: Canadian stocks rise for third day

February 17, 2011 12:28 pm· Comments Off on Roundup: Canadian stocks rise for third day 

TORONTO, Feb. 17 — Canadian stocks rose for the third day on Wednesday. The S&P/TSX Composite Index closed up 129. 83 points, or 0.93 percent, at 14,059.18.

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IMF warns of higher inflation in Azerbaijan by end of year

February 17, 2011 12:28 pm· Comments Off on IMF warns of higher inflation in Azerbaijan by end of year 

YEREVAN, Feb. 17 — The International Monetary Fund on Wednesday warned that though Azerbaijan has boosted its economic recovery through strong non-oil growth, the country may have to face higher inflation by the end of the year.

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Dollar trades at upper 83 yen level in Tokyo

February 17, 2011 12:28 pm· Comments Off on Dollar trades at upper 83 yen level in Tokyo 

TOKYO, Feb. 17 — The U.S. dollar traded in the upper 83 yen zone early Thursday in Tokyo.

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Chicago grains close slightly lower

February 17, 2011 12:28 pm· Comments Off on Chicago grains close slightly lower 

CHICAGO, Feb. 17 — Chicago grains on Wednesday closed slightly lower amid continued long liquidation, as improving crop outlook in South America and better moisture in the United States helped strengthen expectation of supply increase.

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China's yuan advances 55 basis points to 6.5800 per USD Thursday

February 17, 2011 12:28 pm· Comments Off on China's yuan advances 55 basis points to 6.5800 per USD Thursday 

BEIJING, Feb. 17 — The Chinese currency, or the yuan, on Thursday gained 55 basis points to 6.5800 per U.S. dollar from Wednesday, according to the China Foreign Exchange Trading System.

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