Best weekly US rally in 34 years
Posted by Financial Market News on October 31st, 2008Oct. 31 - Investors received a trick and a treat Friday with stocks closing the worst month since the 1987 crash, but the Dow's best week in 34 years.
Oct. 31 - Investors received a trick and a treat Friday with stocks closing the worst month since the 1987 crash, but the Dow's best week in 34 years.
London's leading share index has suffered its second worst October ever, despite closing with a 12.7% surge over the week.
While the U.S. government's plan to invest $250 billion into U.S. financial institutions has been billed as a strategy that will bolster the health of the banking system and also jump-start lending, the ...
The Government has given Lloyds TSB's planned merger with HBOS the green light after overruling competition concerns raised by the Office of Fair Trading .
The U.S. dollar was mostly higher against other major currencies in European trading Friday morning.
Senate candidates are plodding through another election with paper campaign finance reports, possibly depriving voters of discovering last-minute details about fundraising and spending that could prove embarrassing.
It was electronic records, for example, that allowed reporters to find out quickly that the Republican National Committee had paid for a $150,000 shopping spree for vice presidential nominee Sarah Palin and that the McCain campaign paid $13,200 in September to a celebrity makeup artist.
Euro down against dollar on US economy report Comments FRANKFURT, Germany - The euro dropped against the dollar on Friday after a report showed the U.S. economy contracting by a smaller margin than analysts had ...
Barclays is on the verge of securing a 6 billion capital injection from Middle Eastern investors in a move that will enable the bank to avoid using the Government for financial support.
India's benchmark Sensex index surged 8.3 percent in early trading Friday as traders caught up with Thursday's sharp rally in global markets.
The Sensex rose 740.42 points, or 8.3 percent, to 9,794.93 in early trading Friday.
Stock markets were closed Tuesday and Thursday for the local holiday of Diwali.
Information technology, metals, and oil and gas stocks led the rise.
Copper producer Sterlite Industries was up 13.04 percent. Software services company Wipro Ltd. was up 12.35 percent. Automaker Manhindra & Mahindra rose 11.8 percent.
Lloyds TSB has appointed just one HBOS executive to its board following the completion of its takeover.
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