U.S. Fed holds steady on interest rates

Posted by Financial Market News on June 25th, 2008

The U.S. Federal Reserve left its benchmark interest rate unchanged at 2% on Wednesday as widely expected, but signalled heightened inflation concerns.

Barclays to Raise $8.9 Billion in Share Sale; Sumitomo, Temasek Will Buy

Posted by Financial Service News on June 25th, 2008

Barclays Plc , Britain's fourth- biggest bank, will raise 4.5 billion pounds to bolster depleted capital and increase consumer lending in Asia and investment banking in the U.S. Barclays rose 6.5 percent in ...

Starting Bell - Stocks to Watch: Financial Stocks, Jabil Circuit, Boeing

Posted by Financial Market News on June 25th, 2008

Financials Lead Gains in S&P 500; Jabil Circuit Forecast Stronger Than Estimated, Up 15% for Best Percentage Gain on S&P; Goldman Sachs Downgrades Boeing from "Neutral" to "Sell", Adds to Conviction Sell List

Amex, MasterCard reach antitrust settlement

Posted by Financial Service News on June 25th, 2008

American Express said Wednesday MasterCard will pay it as much as $1.8 billion to settle an antitrust lawsuit, as it warned credit losses may increase as business conditions deteriorate.

Stocks Gain Ahead Of Fed Decision

Posted by Financial Market News on June 25th, 2008

Wall Street rose sharply Wednesday as oil prices fell back and investors awaited the Federal Reserve's decision on interest rates and policymakers' take on the economy.

Investors worried about the impact of higher oil and gas prices on consumer spending and the overall economy got a reprieve when light, sweet crude fell $3.33 to $135.67 on the New York Mercantile Exchange. The pullback came in response to news from the Energy Department that U.S. supplies of fuel and oil were larger than expected last week. The buildup indicates Americans are cutting their use of fuel because of higher prices; a resulting drop in prices would relieve some of the inflationary pressures in the economy.

Barclays cash call

Posted by Financial Service News on June 25th, 2008

Jun 25 - British bank Barclays has raised 4.5 million pounds from investors to rebuild capital and pursue growth.

Property stocks beckon

Posted by Financial Market News on June 25th, 2008

Jun. 25 - Analysts eye value cheaply priced Asia property stocks. A global credit squeeze has driven real estate stock prices down around the world.

Bank of America Takeover Tab for Troubled Countrywide Signed by Taxpayers

Posted by Financial Service News on June 25th, 2008

Bank of America Corp.'s $3 billion takeover of Countrywide Financial Corp. will be financed by 138 million tax-paying Americans.

Sensex plunges below 14k level in early trade

Posted by Financial Market News on June 25th, 2008

Mumbai : The Bombay Stock Exchange benchmark Sensex today lost 375 points to dip below the 14,000 level in early trade on heavy selling by funds in banking and realty stocks after the Central Bank raised its ...

Consumer confidence falls to fifth lowest level ever

Posted by Financial Service News on June 25th, 2008

U.S. consumers are the gloomiest they've been since the tail end of the last prolonged recession.


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