Michael Gross

Investors worldwide pulled a net $10.1 billion out of stock funds in the latest week on aversion to risk assets in response to a pullback in US stock prices, data from a Bank of America-Merrill Lynch Global Research report showed on Friday.

Michael Gross says he was just having a little fun with his students when he gave them the assignment to draw a hand with a raised middle finger.

Factors from the rising US stock market to Cyprus's announcement that it planned to sell most of its gold reserves, have pushed gold into a bear market, or down more than 20 per cent from its 2011 high.

International lenders struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros to stave off bankruptcy, a senior euro zone official said. Cyprus is the fifth country after Greece, Ireland, Portugal and Spain to turn to the euro zone for financial help in the wake of the sovereign debt crisis that started in 2010.

Global economic growth slowed to a four-month low in February, according to service sector surveys on Tuesday, but China's pledge to boost government spending to achieve 7.5 percent growth this year may help support activity in Europe and the United States also.

The next generation iPhone 5, which Apple Inc. plans to release this week, could not only boost the tech giant's bottom line - but could give a significant boost to the overall U.S. economy. Sales of the new iPhone could add between a quarter and a half percentage point to fourth quarter annualized growth in the U.S., according to J.P. Morgan's chi...

US central bank officials will probably reiterate their expectations that official borrowing costs will remain near zero until at least late 2014.

Director Matthew Vaughn and his writers did a fascinating job in depicting the mutant universe, their fears and their need to belong in X-Men: First Class and the action-adventure flick has not only received rave reviews, it has earned rich dividends at the Indian box office by grossing Rs.14.5 crore in the opening week.

Investors worldwide pulled a net $10.1 billion out of stock funds in the latest week on aversion to risk assets in response to a pullback in US stock prices, data from a Bank of America-Merrill Lynch Global Research report showed on Friday.

Michael Gross says he was just having a little fun with his students when he gave them the assignment to draw a hand with a raised middle finger.

Factors from the rising US stock market to Cyprus's announcement that it planned to sell most of its gold reserves, have pushed gold into a bear market, or down more than 20 per cent from its 2011 high.

International lenders struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros to stave off bankruptcy, a senior euro zone official said. Cyprus is the fifth country after Greece, Ireland, Portugal and Spain to turn to the euro zone for financial help in the wake of the sovereign debt crisis that started in 2010.

Global economic growth slowed to a four-month low in February, according to service sector surveys on Tuesday, but China's pledge to boost government spending to achieve 7.5 percent growth this year may help support activity in Europe and the United States also.

The next generation iPhone 5, which Apple Inc. plans to release this week, could not only boost the tech giant's bottom line - but could give a significant boost to the overall U.S. economy. Sales of the new iPhone could add between a quarter and a half percentage point to fourth quarter annualized growth in the U.S., according to J.P. Morgan's chi...

US central bank officials will probably reiterate their expectations that official borrowing costs will remain near zero until at least late 2014.

Director Matthew Vaughn and his writers did a fascinating job in depicting the mutant universe, their fears and their need to belong in X-Men: First Class and the action-adventure flick has not only received rave reviews, it has earned rich dividends at the Indian box office by grossing Rs.14.5 crore in the opening week.