Chinese stocks fell Tuesday on heavy selling of financial issues amid renewed worries the government may tighten credit further to combat inflation. via International Business Times
To create the top 20, Fortune and its survey partners at Hay Group asked the experts -- in this case, more than 3,700 people from dozens of industries -- to select the 10 companies they admire most. via Money
"If (the data) are worse than expected, the Nikkei may fall toward 12,500 as drops in U.S. stocks will probably cause damage"
Most Asian markets edged lower Tuesday as investors waited for further clues on the outlook for the U.S. economy. via International Business Times
The stock market fell sharply in early trading Tuesday as troubling forecasts for Citigroup Inc. and Intel Corp. raised the anxiety level on Wall Street. The Dow Jones industrial average fell more than 100 points.
Merrill Lynch has reportedly reduced its full-year earnings forecast for Citigroup because it believes the bank could write down another $18 billion of debt tied to souring mortgages, according to Dow Jones Newswires. Intel, meanwhile, lowered its first-quarter earnings forecast, a move that heightened worries about the technology sector. Read more
"The one thing that investors can't get enough of these days is Treasury securities"
Short-term Treasury prices rose Tuesday after Federal Reserve Chairman Ben Bernanke's warning of further erosion in the housing sector made investors again seek the safety of government debt. via Chico Enterprise-Record
"Not only do they need to raise more money, but they should've suspended their dividend six months ago"
Citigroup shares sank about 5 percent to their lowest level in more than nine years, as stockholders recoiled at forecasts of more losses at the troubled bank and comments from a Middle East investor that Citi ... via Athens Banner-Herald
"Following the sub-prime crisis overseas, ICICI Bank's overseas operations had reported market-to-market (MTM) losses of 264.34 million dollars on account of its exposure to credit derivatives and investments as on January 31, 2008"
Mumbai : After the meltdown on Monday, the benchmark Sensex dropped another 338 points, stretching the downward trend for the fourth day in a row, with banking stocks sliding on reports of ICICI Bank reporting ... via The Hindu
"A second rate hike will mean that the family budget will be even harder to balance."
Australia's central bank on Tuesday raised its key interest rate to the highest level in 12 years to combat inflation. via CNNMoney.com
"I think most of those investors want to be optimistic. You can see that."
Investors chat at a private security company Monday, March 3, 2008 in Shanghai, China. via Canadian Business Magazine
"Looking at the momentum, I think oil could go higher in the near term"
Oil prices held steady Tuesday in Asia after blasting overnight to a record near $104 a barrel and then falling back.
Oil futures _ propelled by the weak U.S. dollar _ climbed past $103.76 a barrel Monday on the New York Mercantile Exchange, breaking what many analysts consider to be the true record high for oil after the $38 per barrel price from 1980 is adjusted for inflation.
'Every other day, we've got a new record,' said Victor Shum, an energy analyst with Purvin & Gertz in Singapore. 'It's due to the phenomenon of investors getting into commodities, the hard assets, to find a safer haven and a hedge against inflation.' Read more
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