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August 21, 2008 10:36:28 PM CDT

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Stories related to: global market

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5 Stories

  • February 2008

    • $1.50 Euro Sparks Biz Plea for Help

      Daily Telegraph (UK)  |  Feb 28, 08 4:39 AM CST

      $1.50 Euro Sparks Biz Plea for Help

      (Newser) - Now that its common currency is trading above the $1.50 barrier, eurozone industry is calling for action to remain competitive in global markets. BMW, which has already laid off 5,600 employees, will have to take further action in the event of a "sustained rise" of the euro, reports the Telegraph . "We can't cope with such an exchange gap," compained the CEO of Dassault, France's top aviation company. More »

      Tags

      Nicolas Sarkozy  • US dollar  • euro  • European Central Bank  • BMW  • exchange rate  • global market

  • August 2007

    • Asian Markets Soar After Fed's Rate Cut

      Bloomberg  |  Aug 20, 07 1:00 AM CDT

      Asian Markets Soar After Fed's Rate Cut

      (Newser) - The global equities sell-off ground to a halt today as Asian stocks had their biggest gains in five years. Responding to Friday’s cut in the US Federal Reserve’s discount rate, Japan’s Nikkei 225, Hong Kong's Hang Seng and South Korea's Kospi indexes all saw huge gains as panic over the US subprime mortgage crisis largely subsided. More »

      Tags

      Federal Reserve  • Japan  • South Korea  • stocks  • Asian markets  • Hong Kong  • Nikkei  • Singapore  • Hang Seng  • global market  • Kospi index

    • Fed Shaves Half- Point Off Discount Rate

      Associated Press  |  Aug 17, 07 8:14 AM CDT

      Fed Shaves Half- Point Off Discount Rate

      (Newser) - In a surprise move, the Fed cut its discount rate, which it charges on direct loans to banks, from 6.25% to 5.75% this morning. The central bank acted to calm fears about uncertainty in the global markets surrounding the worsening credit crunch and underlying subprime-loan crisis. The federal funds rate, which banks charge each other, was unchanged at 5.25%. More »

      Tags

      subprime mortgages  • Federal Reserve  • finance  • bank  • markets  • loans  • economic growth  • global market  • discount rate

    • BlackBerries Save Vacations for Bankers With Sand

      Financial Times (UK)  |  Aug 12, 07 6:45 AM CDT

      BlackBerries Save Vacations for Bankers With Sand

      (Newser) - As the volatile global markets continue to burn investors, tan-fan investment bankers are managing to keep tabs on crisis-threatened portfolios and still rack up required hours on the beach—with the help of their BlackBerries. The devices have become as de riguer as umbrellas and suntan oil on sands from New York to the Riviera. More »

      Tags

      investors  • vacation  • BlackBerry  • global economy  • beach  • market  • European Central Bank  • investment bankers  • global market

    • US Stocks Plunge at Open

      Reuters  |  Aug 10, 07 9:36 AM CDT

      US Stocks Plunge at Open

      (Newser) - Uncertainty ruled Wall Street and the global markets today, with the Dow skidding over 100 points at the open 1 day after the second-largest decline of the year. Central banks around the world acted to stem the unrest that continues to accompany the widening subprime mortgage crisis, but big-picture machinations weren't filtering down to the floor, one trader told Reuters. More »

      Tags

      stock market  • subprime mortgages  • Nasdaq  • Dow Jones Industrial Average  • stocks  • global market

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