01/08/09 Lower yielding currencies such as the dollar and yen posted gains in trading against the euro this session as poor euro-zone data steered investors away from riskier assets.
Online brokerage TD Ameritrade Holding Corp. is buying thinkorswim Group Inc. for $606 million to strengthen its trading business and add new tools for advanced options, futures and other trades.
Confidence in the EU economy sank to a record low in December, the European Commission said Thursday, while official data confirmed the 15-nation euro zone officially slipped into recession in the third quarter.
The Commission reported that its economic sentiment indicator (ESI) slumped sharply in December, declining 7.0 points for the EU as a whole and 7.8 points in the euro zone, to 63.5 and 67.1.
This put the indicators for both the EU and the euro zone at their lowest levels since the current series was launched in January 1985.
Democratic lawmakers have reached a deal with Citigroup on a plan to let bankruptcy judges alter home loans in an effort to prevent foreclosures and said they expected other lenders to follow.
BURSA Malaysia was lower at mid-morning today on profit taking in heavyweights and lower liners while plantation stocks came under pressure owing to continually declining crude oil prices.
Wall Street headed for a lower open Thursday, as bad news from Wal-Mart Stores Inc.
The Bank of Japan said Thursday it will provide 1.22 trillion yen ($13 billion) in emergency loans to financial institutions as part of a new program to spur lending to the country's businesses.
Japan is mired in a recession with little relief in sight, and many of its major banks have tightened their purse strings, cutting back on purchases of bonds and commercial paper from domestic companies.
This can paralyze the country's businesses, which rely on such mostly short-term funding to underwrite their everyday operations. The situation is expected to get worse at the end of the fiscal year in March, when demand for new funds increases.
Bank of China Ltd. fell the most in a month in Hong Kong trading after billionaire Li Ka-shing sold a $511 million stake in the nationa s third-largest lender, joining an exodus of investors as share lockups ...
Traders reacting to the plunge in share prices at a local brokerage house in Mumbai yesterday.
Media conglomerate battered by recession in all kinds of ways. The brass at Time Warner must be hoping there's no time like the present -- ever again.
Recent Comments