investments
Stanley Sees Fed Raising Key Rate to 3% by End 2010 (Update1)
The Federal Reserve will have to raise its benchmark interest rate to 3 percent by the end of the year to combat inflation, said Stephen Stanley, chief economist at RBS Securities Inc. in New York.
Categories: investments
Citigroup, Marshall & Ilsley Post Biggest S&P Drops (Update2)
Citigroup Inc. and Marshall & Ilsley Corp. were among the worst performing stocks in the Standard & Poor’s 500 Index this year, dragged down by souring commercial and residential property loans that may extend the declines into 2010.
Categories: investments
Japan Air Plunges Amid Bankruptcy Fears
Japan Airlines Corp., Asia’s biggest carrier by sales, plunged to a record in Tokyo trading after reports the carrier may enter bankruptcy proceedings led investors to sell shares on the year’s last trading day.
Categories: investments
GMAC Said to Discuss $3 Billion or More in U.S. Aid
GMAC, the home and auto lender that counts the U.S. government as the largest stakeholder, is discussing with the Obama administration a third bailout of $3 billion to $4 billion
Categories: investments
Biggs, Faber Predict Dollar Rally as S&P 500 Surges
Barton Biggs and Marc Faber, who recommended buying stocks in March when investors were dumping them, are again united as they predict gains for U.S. equities and the dollar
Categories: investments
Treasuries Little Changed After $42 Billion 5-Year Note Sale
Treasuries were little changed after the government sold a record-tying $42 billion of five-year debt, the second of three note sales this week totaling $118 billion.
Categories: investments
SEC Suit: Sanofi Bid for Chattem Leaked to French Investors
Sanofi-Aventis SA’s $1.9 billion bid for Chattem was leaked in advance to two French investors who reaped $4.2 million by making illegal insider trades, U.S. regulators claim in a lawsuit
Categories: investments
Ex-Investment Banker Charged With Insider Trading (Correct)
Christian Littlewood, a former banker at Shore Capital Group Plc and Commerzbank AG’s Dresdner Kleinwort, and his wife have been charged with insider trading by the U.K. financial regulator.
Categories: investments
Commercial Mortgage Debt Rallies as TALF Ending: Credit Markets
Commercial mortgage-backed bond returns are accelerating as the Federal Reserve ends support for the $700 billion market, showing growing confidence that loan defaults won’t derail the economic recovery.
Categories: investments
Emerging Stocks Drop Most in 2 Weeks on China, India Inflation
Developing-nation stocks fell, with the benchmark index set for its biggest drop in more than two weeks, on concern China and India will seek to restrict economic growth to curb inflation.
Categories: investments
EU Ministers Weigh Greek Rescue, Seek to Avoid Paying (Update2)
European finance ministers will work on still-secret plans to help Greece overcome its debt crisis today, while counting on the country’s belt-tightening steps to make a bailout unnecessary.
Categories: investments
Asian Stocks Drop for First Time in Three Days on China Concern
Asian stocks fell for the first time in three days on concern China will boost steps to cool growth as inflation accelerates, threatening a global economic recovery.
Categories: investments
Cnooc Says $3.1 Billion Bridas Deal to Boost Global Expansion
Cnooc Ltd., China’s biggest offshore oil explorer, said its proposed acquisition of a 50 percent stake in Argentine producer Bridas Corp. for $3.1 billion will accelerate the company’s overseas expansion.
Categories: investments
Money Rates Rising Hint Treasury Losses Amid Fed Exit (Update1)
Money market interest rates at five-month highs show the Federal Reserve is laying the groundwork to siphon a record $1 trillion in excess cash from the banking system and sending a bearish signal on Treasuries.
Categories: investments
China’s Wen Rebuffs U.S. Calls for Stronger Currency (Update1)
Chinese Premier Wen Jiabao rebuffed calls for the yuan to appreciate, risking a further downturn in relations with the U.S. where lawmakers and economists say his stance is hampering a global recovery.
Categories: investments
Wen Rebuffs Yuan Calls, Is ‘Worried’ About Dollar (Update1)
Chinese Premier Wen Jiabao rebuffed calls for the yuan to appreciate and sought assurances that the U.S. will protect the value of China’s dollar assets.
Categories: investments
Storms Probably Hurt Production, Housing: U.S. Economy Preview
Blizzards on the East Coast and harsh weather in other parts of the U.S. probably impeded manufacturing and construction in February, representing a temporary setback to the recovery, economists said before reports this week.
Categories: investments
Draghi Asks Italy Banks to Favor Lifting Capital Over Dividends
Bank of Italy Governor Mario Draghi asked the country’s banks to cut back on dividends and use their earnings to shore up capital.
Categories: investments
Bernanke Stimulus Exit May Be Aided by Yellen, Raskin (Update1)
President Barack Obama’s likely nomination of three Federal Reserve governors will help Chairman Ben S. Bernanke plan an exit from record monetary stimulus and strengthen banking supervision and consumer protection.
Categories: investments
Lehman's Hidden Leverage 'Shenanigans' May Haunt Fuld
Lehman Brothers "reverse-engineered" a key measure of stability, masking the firm's true financial condition, an examiner said in a report
Categories: investments
