Stocks rally, Q1 a downer

Posted by Financial Market News on March 31st, 2008

U.S stocks ended a brutal quarter with a rally sparked by encouraging economic data. via Reuters Video

Dollar down on commodities

Posted by Financial Market News on March 31st, 2008

"In the past, they have been focused on current inflation."

THE dollar has opened weaker, dragged lower by drooping commodity prices overnight. via NEWS.com.au

Stocks headed for Q1 decline

Posted by Financial Market News on March 31st, 2008

Wall Street put the finishing touches on a bearish quarter for the stock market as the Treasury announced plans for sweeping changes to the financial system. via Reuters

Citi Splits Consumer Banking, Card Units

Posted by Financial Service News on March 31st, 2008

Citigroup Inc. plans to split its consumer banking unit from its credit-card business as part of a broader reorganization to cut costs and simplify the large financial institution's structure, the company said Monday.

Citi said named Teresa Dial, 58, global head of consumer strategy and chief executive of consumer banking in North America. That business will now operate separately from its U.S. credit-card lending operations, which the bank folded into a global cards unit, led by Steven Freiberg. Read more

Sensex loses 727 pts on last day of fiscal

Posted by Financial Market News on March 31st, 2008

Mumbai, Mar 31: The Bombay Stock Exchange Sensex fell 727 points today, the last day of the current fiscal, on selling by funds in stocks mainly in IT, banking, reality and capital goods sectors. via Sahara Samay National

Ex-Rock chief to get huge payo…

Posted by Financial Service News on March 31st, 2008

The former boss of Northern Rock will be entitled to a 760,000 payoff despite the bank being rescued by the Government, it has been confirmed. via Daily Express

Asian stocks end dismal quarter

Posted by Financial Market News on March 31st, 2008

Asian shares fell on Monday, heading for their worst quarter in over five years due to persistent concerns about the global credit crunch. via Reuters

Food, petrol push inflation to 4pc

Posted by Financial Service News on March 31st, 2008

"The RBA will remain concerned with the run of inflation results confirming inflation above its target and showing few if any signs of topping out"

AUSTRALIA'S annual inflation rate in March was 4 per cent for the second month in a row, a leading price rise gauge shows, putting inflation well above the Reserve Bank of Australia's longstanding 2 to 3 per ... via News.com.au

Stocks lower at noon as gold falls

Posted by Financial Market News on March 31st, 2008

THE Australian sharemarket had declined slightly as of noon as gold miners fell, with the price of the precious metal lower. via News.com.au

Obama draws thousands to rally on Penn State lawn, says he will win Democratic nomination

Posted by Financial Service News on March 31st, 2008

"My economic plan is better than my bowling"

Shivering in blankets of Penn State's colors, some 20,000 people filled a campus lawn Sunday to hear Barack Obama say he can win the Democratic nomination even if rival Hillary Rodham Clinton stays in the race.

Supporters stood in long lines for hours to hear Obama ahead of the April 22 Pennsylvania primary.

On a sunny day with temperatures in the low 40's, most bundled up for the type of large-scale rally that has become the candidate's trademark.

'It's been a while, and it's a little cold, but we really like Barack. He's inspiring,' said 19-year-old Caitlin McDonnell, wrapped in a blue Nittany Lions blanket. Read more


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