Posted by Financial Market News on May 26th, 2008
European stock markets edged higher Monday after key Asian markets fell amid worries about high oil prices and the U.S. economy on a day when U.S. markets were closed for the Memorial Day holiday.
Key stock market indicators edged up in Germany and France but the main market gauges fell more than 2 percent in Japan and Hong Kong after the Chinese government announced an overhaul of its telecommunications sector.
Crude oil futures rose to a record above $135 a barrel last week and were trading above $133 a barrel in electronic trading on Monday after militants in Nigeria said they destroyed an oil pipeline and killed 11 soldiers. The government said none of its troops had died.
Posted by Financial Service News on May 26th, 2008
The U.S. Securities & Exchange Commission is looking into the workings of the three main credit rating agencies, prompted by their handling of the subprime crisis and a report of computer errors at Moody's . ...
Posted by Financial Market News on May 26th, 2008
Chinese share prices slumped heavily on Monday on uncertainties in the consumer price index movement and impact of the May 12 earthquake, with heavyweights, including PetroChina, China Life and banking stocks, ...
Posted by Financial Service News on May 26th, 2008
A state health insurance plan for teachers begun five years ago to save jobs in small school districts has grown into one of Texas' biggest programs, used by nearly 90 percent of the state's school districts.
Posted by Financial Market News on May 26th, 2008
THE Australian share market closed more than 1 per cent lower, dragged down by the major miners after a negative lead from Wall Street.
Posted by Financial Service News on May 26th, 2008
's largest electronics conglomerate, said on Monday it is not interested in acquiring General Electric Co's appliances operations.
Posted by Financial Market News on May 26th, 2008
By Tiisetso Motsoeneng Johannesburg - South African stocks were slightly weaker on Monday morning in what looked to be the start of a quiet session as US and UK players are on holiday, with MTN in the spotlight ...
Posted by Financial Service News on May 26th, 2008
St George Bank Ltd and Westpac Banking Corporation have taken a significant step forward in their merger plan after St George said its board would recommend the $17 billion bid to shareholders.
Posted by Financial Market News on May 26th, 2008
Mumbai, May 26: The Bombay Stock Exchange benchmark Sensex today lost 223 points in the early trade on funds selling in heavyweight stocks triggered by weak Asian markets.
Posted by Financial Service News on May 26th, 2008
HSBC Holdings Plc may abandon its $6.2 billion purchase of Korea Exchange Bank if the South Korean government doesn't approve it soon, the Financial Times reported, without saying where it got the information.
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