Posted by admin on September 9, 2008 under News | 
On London: Scant comfort to be found in the pound’s current decline (FT.com)
FT.com – Sterling’s decline against the dollar showed no signs of slowing this week, but what was more interesting was the reaction of the London market. The FTSE 100 fell 7.1 per cent – its worst weekly performance in percentage terms in more than six years – turning on its head the idea that the UK market performs well during periods of dollar strength.
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Wall St leads markets up
But the government's steadying hand for two institutions that many Wall Street observers had said were simply too big to let fail still might not alleviate troubles of some homeowners who have fallen …
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FTSE closes up 4% despite hitch (AFP)
AFP – Shares in London closed sharply higher on Monday, adding nearly four percent despite a technical glitch which prevented trading for most of the business days.
Posted by admin on September 8, 2008 under News |
Wall St trims gains, Nasdaq turns lower on techs
NEW YORK (Reuters) – U.S. stocks pared gains on Monday as weakness in technology shares pushed the Nasdaq into negative territory.The Dow industrials and S&P 500 remained up more than 1 percent each b…
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GE gets “Wells notice” in SEC accounting probe (Reuters)
Reuters – General Electric Co said on Friday it had been notified by U.S. regulators that a civil complaint could be filed against the company following a more than three-year-long probe into its use of hedge accounting for derivatives and other accounting matters.
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Tokyo stocks, led by financials, soar on bailout of U.S. mortgage firms+
firms+ (AP) – TOKYO, Sept. 8 (Kyodo)(EDS: TO BE LED) Tokyo stocks soared Monday, with financials leading the way, as the U.S. bailout of two troubled mortgage finance giants boosted investor con…
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Glitch halts trade on LSE (AFP)
AFP – The London Stock Exchange said Monday it had been forced to halt trade after experiencing connectivity problems with some clients.
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Stocks in for Tough Week, Despite Fannie Plans
The bears have been in firm control on Wall Street so far in September, and with anxiety about the health of the U.S. and world economies on the rise, they probably won't choose next week to go into h…
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US stocks fall on poor retail sales figures (FT.com)
FT.com – A battered financial sector led Wall Street into bear market territory on Thursday, as Bill Gross, manager of the bond fund Pimco, warned that a “financial tsunami” could ensue if the government failed to support markets.
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Wholesale Inflation Data; Opec Meets
-(Dow Jones)- Falling oil prices likely brought the wholesale inflation figure for August, due out next week, far lower than the July number, which showed prices climbing at their highest annual rat…
