"If such shares are all to be traded on the bid trading system, the trading will be low-efficient as the volume is often restricted by the buying interest on the secondary market"
Boosted by the regulator's measures to stabilize the market announced late Sunday, China's major stock index opened more than six percent higher on Monday. via China Daily
National City Corp. will get about $6 billion from private investors in a deal that provides much-needed capital to a Midwestern bank heavily exposed to the worsening mortgage and housing market, according to reports published Sunday.
National City officials were negotiating final terms of the transaction with a group of investors led by Corsair Capital LLC, a New York private equity group, The Wall Street Journal and The Plain Dealer reported on their Web sites, citing sources they didn't identify. Read more
"For certain, they're going to cut interest rates, that is unequivocal"
- Toronto stock market investors have reason to feel pleased following a blowout week where higher commodity stocks were largely responsible for a four per cent gain, sending the TSX to its highest levels since early November last year.
However, the runup has some analysts worried that investors are getting the impression that the all-clear has somehow sounded and that markets are poised to resume racking up strong gains.
"I think Canada is going to be plagued by this kind of whipsawing effect that we have been seeing for a while because commodities giveth and commodities taketh away," observed Andrew Pyle, investment adviser for Scotia McLeod in Peterborough, Ont. Read more
"It might be a little more colorful this year"
Fresh off a disastrous quarter that wiped the luster from his company and still stinging from his predecessor's public scolding, General Electric Co. CEO Jeff Immelt may find a tougher-than-usual audience this week when he faces shareholders at the conglomerate's annual meeting.
Immelt will address several hundred shareholders in Erie, Pa., on Wednesday, less than two weeks after GE's shocking first-quarter earnings report, in which profits fell 6 percent to $4.3 billion, from $4.57 billion a year earlier. Share value for the normally reliable company tumbled nearly 13 percent and has since barely recovered. Read more
"The first phase of the bear market was corporate credit related; now it is earnings related."
Remarkably resilient morale among euro zone investors and businesses will face a reality check this week as first-quarter earnings reports from the non-financial sector get into full swing. via MSN Money
"I still cannot see any light at the end of the tunnel for UBS"
Swiss bank UBS is showing no signs of emerging from its crisis, activist shareholder and former CEO Luqman Arnold said on Sunday. via WTNZ-TV Knoxville
"The Bank will be making money available to the British banking system ... the idea behind it is it will open up the market and it will begin the process of opening up the mortgage market"
The Bank of England on Threadneedle Street in London, England. LONDON-The Bank of England will unveil on Monday a plan to swap government bonds for commercial banks' mortgage debt in an effort to unblock the ... via The Epoch Times
German central bank chief Axel Weber has called on Berlin to practise tighter budgetary standards after the government suggested it planned to increase state pensions. via South Africa News.Net
" On Tuesday, Washington Mutural reported losing $1.1 billion in the quarter, while a day before that, Wachovia Corp posted a loss of $350 million." New York, April 18 US banking major Citigroup reported Friday ... via Nerve News
The agency that oversees Kentucky's college-loan program says it will suspend making loans to first-time borrowers on May 1, until it can secure additional financing. via WFIE-TV Evansville
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