July 31st, 2008
HONG KONG : Most Asian stock markets rose Thursday, as optimism about U.S. jobs and a Federal Reserve move to help investment banks offset a spike in oil prices. The Japanese Nikkei 225 index inched almost 0.1 percent higher to 13,376.81. Markets in Read More
NEW DELHI, July 29 (Reuters) - Construction firm Era Infra Engineering’s (ERCI.BO: Quote , Profile , Research ) quarter to June profit fell 14.2 percent, with its other-income affected by currency fluctuations, its chairman said on Tuesday. “The Read More
SEOUL, July 29 (Reuters) - South Korea’s $230 billion state pension fund plans to aggressively diversify its investment away from bonds into acquisitions of companies at home and abroad to boost profits, its president said on Tuesday. Fallout from Read More
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July 30th, 2008
SEOUL, July 29 (Reuters) - South Korea’s $230 billion state pension fund plans to aggressively diversify its investment away from bonds into acquisitions of companies at home and abroad to boost profits, its president said on Tuesday. Fallout from Read More
Loan rates are expected to go up with the RBI hiking key short-term lending rate by 0.5% and cash reserve ratio by 0.25% to contain runaway inflation now at 11.89%. Indian Rupee to Gain as RBI . FinMin expects RBI measures Highlights of RBI’s Read More
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July 29th, 2008
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July 28th, 2008
Private investors trying to ride the volatility in stock markets should adopt a defensive strategy around large cap companies, according to Barclays Wealth. One of the UK’s largest asset managers, Barclays is shunning companies on the FTSE 250, which Read More
July 28 (Bloomberg) — The fastest inflation in 17 years and a fourth straight quarter of U.S. profit declines are turning debt sold by Fannie Mae and Freddie Mac into the favorites of the world’s biggest bond investors. Pacific Investment Management Read More
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July 28th, 2008
WASHINGTON (Reuters) - More U.S. banks are expected to start issuing a relatively new financial instrument in the next couple months that could provide much-needed liquidity to the mortgage market. The appetite for covered bonds, issued by financial Read More
G as and food prices are rising. Wallets are hurting. But it’s not all bad news. Higher prices mean the interest rate on U.S. savings bonds tied to inflation will be going up, too. The interest rate on government I bonds adjusts every six months. The Read More
Don’t look now, but your favorite 401(k) mutual fund may be going the way of the VHS tape. In a drive to cut costs, 401(k) plans are replacing familiar mutual-fund investment options with more-obscure vehicles known as “collective investment funds Read More
Fitch’s action follows today’s announcement that CapitalSource Inc. (rated ‘BBB-’ by Fitch) has assumed all the deposit liabilities of FIL through its wholly-owned subsidiary, CapitalSource Bank. Fitch will no longer provide ratings or analytical Read More
Some short-sellers on Wall Street are predicting more pain for financial-sectors stocks - despite the rally some shares posted this week in the wake of second-quarter results. One investor, Bill Fleckenstein, president of Fleckenstein Capital, said Read More
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July 27th, 2008
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July 25th, 2008
BUENOS AIRES (Dow Jones)–Argentina’s Merval Index of leading stocks edged higher Friday, helped by gains in index heavyweight Tenaris (TS). “The Merval was pushed by Tenaris, which is having a good quarter and benefitted today from rising oil prices Read More
HONG KONG, July 24 (Reuters) - Hong Kong and China Gas (0003.HK), also known as Towngas, is aiming to sell dollar bonds in one or more tranches, in what could mark a revival in debt sales following a fall in new Asian issuance volumes this month. The Read More
Standard & Poor’s said on Friday it may cut its ratings on the preferred shares and subordinated bonds of Fannie Mae and Freddie Mac , citing concerns that U.S. government plans to shore up the mortgage finance companies may subordinate the debt. The Read More
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July 25th, 2008
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Mythbusters: Investment bonds are deadCityWire.co.uk, UK - Jul 23, 2008Prior to its introduction the Association of British Insurers (ABI) argued it would create an unlevel playing field for the investment bond market, …
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July 25th, 2008
July 25 (Bloomberg) — In October 2003, Treasury Secretary John Snow told Congress “we need to be on guard'’ against the “perception'’ that the U.S. government stood behind the stocks and bonds of Fannie Mae and Freddie Mac . This week his Read More
High-ranking Yankees officials gathered for meetings at their spring training complex in Tampa, Fla., on Thursday, a day off for the team before it begins an important three-game series Friday night in Boston. Barry Bonds in pinstripes? If nothing Read More
Unfortunately, there is no perfectly safe investment. But it can pay to examine the quality of the guarantee you’re getting. U.S. Treasury bills, notes and bonds, which are directly backed by the U.S. government, are considered to have the lowest Read More
HONG KONG, July 25 (Reuters) - Asian bond spreads widened on Friday as weak global economic data and disappointing corporate earnings worldwide reinforced expectations for slowing growth at a time of surging inflation. The iTRAXX Asia ex-Japan high Read More
Banks stepped up their borrowing over the past week from the Federal Reserve’s emergency lending program, while Wall Street firms didn’t draw such loans. A Fed report released Thursday said commercial banks averaged $16.4 billion in daily borrowing Read More
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July 24th, 2008
July 24 (Bloomberg) — New York Attorney General Andrew Cuomo filed a lawsuit against UBS AG alleging the Zurich-based bank’s promotion of auction-rate securities as safe, money market-like investments was fraudulent. Cuomo is seeking to force UBS to Read More
July 23 (Bloomberg) — India’s rupee rose by the most in more than a decade and stocks and bonds soared on speculation the government will allow more overseas investment in the financial industry after surviving a confidence vote in parliament. The Read More
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