Group: Other candidates used donor money on duds

Posted by Financial Service News on December 2nd, 2008

WASHINGTON - Alaska Gov. Sarah Palin wasn't the only candidate with donor-financed duds.

Citigroup to offer US$5.5 billion in debt

Posted by Financial Market News on December 2nd, 2008

Coalition Crisis Canada's government hangs in the balance Citigroup to offer US$5.5 billion in debt By: 3:40 PM NEW YORK - Citigroup Inc.

Wall Street rebounds sharply after big drop

Posted by Financial Service News on December 2nd, 2008

Buyers returned to Wall Street Tuesday, sending stocks higher in a session that was marked by indecision even as the Dow Jones industrials closed up 270 points.

Sensex down 101 pts, auto stocks hit

Posted by Financial Market News on December 2nd, 2008

Mumbai: The Bombay Stock Exchange benchmark Sensex on Tuesday recovered most of its early losses but still closed the day lower by over 100 points amid a plunge in global markets following a US panel officially ...

HSBC, Credit Suisse added to federal probe

Posted by Financial Service News on December 2nd, 2008

The Department of Justice has added Credit Suisse and HSBC to an investigation into foreign banks that sell offshore private banking services, according to a report Tuesday in The New York Times.

Australia cuts rates, Japan acts on funding

Posted by Financial Market News on December 2nd, 2008

Australia slashed interest rates and the Bank of Japan moved to ease an acute cash crunch for companies, kicking off another round of global central bank action to soothe markets and shore up crumbling ...

GE lowers its sights on fourth-quarter profits

Posted by Financial Service News on December 2nd, 2008

General Electric Co. said Tuesday it expects fourth-quarter earnings to be near the low end of its guidance and will take a charge of up to $1.4 billion as it starts to shrink its struggling GE Capital finance ...

China shares mixed amid global losses

Posted by Financial Market News on December 2nd, 2008

Chinese shares were mixed Tuesday after Wall Street's sharp overnight decline, with food processors up following a lifting of price controls but banks down on economic jitters.

The benchmark Shanghai Composite Index fell 0.3 percent, or 4.98 points, to close at 1889.64. The Shenzhen Composite Index for China's smaller second exchange rose 1.4 percent to close at 562.47.

Analysts said investors were uneasy about the impact of U.S. market turbulence even though China keeps its markets isolated from global financial flows.

Down we go again: Fourth-worst drop ever for Dow

Posted by Financial Service News on December 2nd, 2008

The stock market suffered one of its worst days since the financial meltdown Monday, slicing 680 points off the Dow Jones industrial average as Wall Street snapped out of its daydream of a rally and once again ...

Oil falls to 3-year low on bleak US economic news

Posted by Financial Market News on December 2nd, 2008

Oil prices fell to a 3-year low below $48 a barrel Tuesday in Asia, as more bleak U.S. economic news and plunging stocks markets darkened investor expectations for crude demand.

Light, sweet crude for January delivery was down $1.50 to $47.78 a barrel, the lowest since 2005, in electronic trading on the New York Mercantile Exchange by midafternoon in Singapore.

The contract plummeted overnight $5.15 to settle at $49.28 after more signs of a weakening U.S. economy sent the Dow Jones industrial average down 7.7 percent.


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