(Reuters) - Bank of America Corp posted a first-quarter loss as the No. 2 U.S. bank recorded $6 billion in litigation expenses related to a settlement with the Federal Housing Finance Agency and other mortgage-related matters.
Workers sort packages at a delivery company in Beijing on Singles Day, one of Alibaba's Agence France-Presse - Getty ImagesWorkers sort packages at a delivery company in Beijing on Singles Day, one of Alibaba's busiest days for online shopping.
US stocks finished higher on Tuesday after a wild swing lower led by tech stocks that saw the Nasdaq Composite index down nearly two percent at one point.
China's year-on-year gross domestic product grew 7.4pc, figures from first three months of the year show. But the year-on-year figure is down from the 7.7pc expansion in 2013's final three months.
When CME Group Inc. suffered the worst-ever trading outage on the world's most important agricultural markets last week, plunging electronic screens into darkness and sending dozens of traders scrambling for Chicago's famous but now often deserted ...