U.S. factory orders fall for sixth straight month

WASHINGTON - New orders for U.S. factory goods unexpectedly fell in January, posting their sixth straight monthly decline, a sign of weakness in the manufacturing sector.

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ECB raises growth forecasts, to start printing money next week

NICOSIA/FRANKFURT - The European Central Bank will launch into quantitative easing next week having increased its economic growth forecasts for this year and next. | Video

9:26am EST

Greece cannot rely on ECB to dodge funding crunch

NICOSIA - Greece cannot rely on the European Central Bank to raise a limit on Athens' issuance of short-term debt, ECB President Mario Draghi suggested on Thursday.

9:05am EST

Citigroup's past losses may have helped it win Costco business

NEW YORK - Citigroup Inc had at least one advantage in its successful bid for the exclusive right to issue credit cards for Costco Wholesale Corp, rivals and tax specialists say: it lost so much money during the financial crisis that it has billions of dollars of tax credits.

2:03am EST

Brent hovers under $61, WTI down as euro slips vs dollar

LONDON - Brent crude futures pared early gains on Thursday to hover just under $61 as the euro slipped to an 11-year low against the dollar, offsetting concerns about tensions in Iraq and Libya.

9:46am EST

China signals 'new normal' with higher spending, lower growth target

BEIJING - China plans to run its biggest budget deficit in 2015 since the global financial crisis, stepping up spending as Premier Li Keqiang signaled that the lowest rate of growth in a quarter of a century is the "new normal" for the world's No.2 economy. | Video

8:04am EST


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