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.
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.
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.
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.
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 ...
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.
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 ...
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.
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.
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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