Stockmarkets down? Stay invested, say investment experts

Posted by Financial Market News on December 27th, 2008

Gold may glitter but the bourses look like the best long-term bet yet. Ladies! It's time to sell your diamonds and buy gold, says a strategy report from Nomura.

Deutsche Bank CEO rejects idolatry tag

Posted by Financial Service News on December 27th, 2008

A public exchange between prominent German bank, Deutsche Bank, and Germanya s senior Protestant bishop, has turned controversial, with Deutsche Bank dismissing the remarks of Bishop Wolfgang Huber.

Stocks Dance Around the Flat Line

Posted by Financial Market News on December 27th, 2008

Stocks in New York continued to trade around the baseline during Friday's post-holiday trading session.

NY will lose $178M from 6 Goldman bonuses alone

Posted by Financial Service News on December 27th, 2008

Gov. David Paterson said Friday that the loss of tax revenue from just six Goldman Sachs' executives will cost New York $178 million.

When should you borrow to invest?

Posted by Financial Market News on December 27th, 2008

With interest rates low and headed lower and bargainpriced stocks generating healthy yields, some investors may be tempted to borrow money to invest, or "leverage." There has always been a small segment of ...

SBI Bengal Circle to go for branch expansion

Posted by Financial Service News on December 27th, 2008

Kolkata : The country's largest lender, State Bank of India, would expand its branch network in the Bengal circle by adding 142 branches during the next financial year, a bank official said here on Saturday.

Asian stock markets mixed in year-end lull

Posted by Financial Market News on December 27th, 2008

Saturday, December 27, 2008 TOKYO: Asian stocks were mixed on Friday, in light trading with several markets still closed for the Christmas holiday and investors bracing themselves for a grim new year, dealers ...

Mutual funds show heavy losses for 2008

Posted by Financial Service News on December 27th, 2008

There was one safe bet that mutual fund investors could make in 2008 _ that the stock market was a place to lose a lot of money.

Funds' performance stats for the year to date show that Wall Street's decline was so punishing that investors had almost nowhere to hide. A majority of fund categories had negative returns in the neighborhood of 40 percent, and some categories dedicated to financial services and natural resources had negative returns of 50 percent or more, according to Lipper Inc., which tracks fund performance.

Investors flee stock funds

Posted by Financial Market News on December 27th, 2008

The bubble pops. Stock markets tumble. Investors flee. It is the narrative of nearly every economic boom and bust, as investors scramble to find other places - besides underneath mattresses - to put their ...

Presidential race spending soars

Posted by Financial Service News on December 27th, 2008

Presidential candidates spent $US1.7 billion in the 2008 US election campaign, more than double the amount four years ago, Federal Election Commission filings show.


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