Global Financial Markets

Stories

Stories 41 - 60 of 210

<< Prev 1 2 3 4 5 6 7 ... 11 Next >>

October 2008
- Banks Lead Europe Market Plunge
  
  Financial Times (UK) | Oct 6, 08 4:36 AM CDT
  
  (Newser) - Financial stocks led sharp declines across European markets this morning after the continent's finance ministers failed to agree on a joint effort to stem the crisis. By 10 a.m. in London the FTSE was down 5.2%, with troubled banking giant HBOS plummeting 15%. In Frankfurt the Dax was down 4.5%, while in Paris the CAC 40 fell 4.7%. More »
- Wave Goodbye to Reaganism
  
  Newsweek | Oct 5, 08 8:00 PM CDT
  
  (Newser) - Reaganism—the graying policy of low taxes, light regulation, small government, and “cowboy capitalism”—is over. Worse, Francis Fukuyama writes in Newsweek, it, along with Washington’s ill-advised foreign policy, is tarnishing the American brand. “Restoring our good name and reviving the appeal of our brand is in many ways as great a challenge as stabilizing the financial sector,” Fukuyama says. More »
- Europe Agrees to Take It One Financial Crisis at a Time
  
  Washington Post | Oct 5, 08 10:53 AM CDT
  
  (Newser) - Leaders of Europe’s four biggest economies did not settle on a unified plan for tackling the financial crisis, the Washington Post reports. Instead, each country will deal with banking problems as they crop up. While France’s Nicolas Sarkozy hoped for a Europe-wide plan, British and German leaders were opposed to a single safety-net fund. More »
- Buffett Grabs $3B Chunk of GE
  
  Reuters | Oct 2, 08 3:59 AM CDT
  
  (Newser) - Mega-pockets investor Warren Buffett is sinking $3 billion into General Electric, whose share prices have slumped a third amid the financial chaos on Wall Street, Reuters reports. Buffet, 78, negotiated a 10% dividend, which could generate $300 million income a year. The move comes a week after he invested $5 billion in Goldman Sachs. More »
- IMF to US: Do Something NOW
  
  Guardian (UK) | Oct 1, 08 7:30 AM CDT
  
  (Newser) - The US must act swiftly to avoid economic meltdown and Europe's banks need to be ready with emergency plans of their own, IMF's managing director warns. European and Asian markets have bounced back on the prospects of a revived US bailout deal, but JP Morgan analysts warned yesterday that Europe's banks face another $45 billion in losses before the end of the year, the Guardian reports. More »
September 2008
- European, Asian Markets Edge Up After Dive
  
  Bloomberg | Sep 30, 08 3:50 AM CDT
  
  (Newser) - Europe markets edged back up after an early drop today as the failure of the US bailout package continued to sap confidence worldwide, Bloomberg reports. Asia's markets went into freefall on opening this morning but gradually recouped some losses on hopes of a fresh deal. The Nikkei index was down nearly 5% before closing 4.12% lower, Reuters reports, while Hong Kong's closed up almost 1%. More »
- European Markets Slide as US Rescue Talks Stall
  
  Wall Street Journal | Sep 26, 08 7:14 AM CDT
  
  (Newser) - European markets swooned on news of the US bailout troubles and the failure of Washington Mutual, the Wall Street Journal reports. The Dow Jones Stoxx 600 fell 1.5%, Germany’s DAX index slipped 1.4%, and the UK’s FTSE 100 and France’s CAC-40 each shed 1.3%. In Asia, Japan’s Nikkei index lost 0.9%. More »
- Central Banks Scramble to Feed Cash Into Markets
  
  Reuters | Sep 26, 08 7:00 AM CDT
  
  (Newser) - The world's central banks are frantically spraying money into the economy to prevent it from seizing up as the US bailout package stalls and confidence plummets, Reuters reports. The holdup in Washington has made edgy commercial banks even more inclined to hoard cash and not lend to each other—leaving central banks with little choice but to step in. More »
- Clerics Shake Up Islamic Finance
  
  Portfolio | Sep 24, 08 9:49 AM CDT
  
  (Newser) - Of the challenges facing Western financial markets, fear of divine intervention isn’t one. The Middle East’s booming debt market is considered one of the most stable in the world, but investors there are getting a taste of “religious interpretation risk,” Portfolio reports. Islamic scholars are declaring that some 85% of sukuks, or Islamic bonds, violate Koran rules against accepting interest. More »
- Americans Resent Wall St. Bailout
  
  Los Angeles Times | Sep 24, 08 4:06 AM CDT
  
  (Newser) - Most Americans, struggling unaided with their own financial problems, resent the Wall Street bailout, reports the Los Angeles Times. Taxpayers don't believe it should be government's responsibility to foot the bill for the collapse of America's financial goliaths, according to a Times/Bloomberg poll. But 57% in a separate poll believe Congress has no other option. Reluctance to use public money to rescue private firms cuts across party lines and income levels. More »
- Stocks Drop in Europe, Asia Amid Recession Fears
  
  Bloomberg | Sep 23, 08 4:44 AM CDT