Signs of credit market thaw begin to emerge after months of deep freeze

Posted by Financial Market News on January 13th, 2009

Credit markets are beginning to thaw after months of a deep freeze. In a promising turn that could bolster the economy, companies are selling bonds at a pace not seen since last spring.

ECB Rate Cut Speculation Weakens The Euro

Posted by Financial Service News on January 13th, 2009

01/13/09 With investors firmly believing that the European Central Bank will slash its benchmark interest rate, both the dollar and yen looked to benefit in trading against the euro this session.

Stocks fluctuate on anxiety over earnings

Posted by Financial Market News on January 13th, 2009

The floor of the New York Stock Exchange viewed from the member's gallery, Friday Jan.

‘Pressing challenges ahead for euro zone’

Posted by Financial Service News on January 13th, 2009

The President of the European Central Bank, Jean-Claude Trichet, has warned that the euro zone economy faces pressing challenges in the wake of the global financial crisis.

Genzyme Biosurgery Shareholders Receive $64 Million Settlement in Victory Over Genzyme Corporation

Posted by Financial Market News on January 13th, 2009

Shareholders of Genzyme Biosurgery , the former tracking stock of the Genzyme Corporation received their $64 million settlement from the Class Action lawsuit filed against Genzyme Corporation in connection ...

BMO buys AIG’s Canadian unit

Posted by Financial Service News on January 13th, 2009

Bank of Montreal is buying embattled U.S. insurer American International Group Inc.'s Canadian life insurance business for $375-million in cash.

Shares down 1pc as oil slumps

Posted by Financial Market News on January 13th, 2009

At 10.15am , the benchmark S&P/ASX200 index was down 37.1 points, or 1.01 per cent, at 3646.2, and the broader All Ordinaries index lost 38.6 points, or 1.07 per cent, to 3585.4. Sydney CMC Markets senior ...

Obama set to press for his share of bailout funds

Posted by Financial Service News on January 13th, 2009

A week shy of taking office, President-elect Barack Obama already is putting his persuasion skills to a high-stakes test with Congress as he seeks access to the second half of the $700 billion financial bailout fund.

Obama planned to be in the Capitol on Tuesday to meet with Senate Democrats. And his transition team prepared to dispatch top aides to meet with Senate Republicans this week in anticipation of a possible vote Thursday on whether to release the money from the embattled Troubled Asset Relief Program.

Earnings concerns knock market down

Posted by Financial Market News on January 13th, 2009

Stocks fell Monday, extending losses from the market's worst week since November, as investors speculated Alcoa Inc.

Earnings concerns knock market down

Posted by Financial Market News on January 13th, 2009

Stocks fell Monday, extending losses from the market's worst week since November, as investors speculated Alcoa Inc.


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