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Posted by admin on September 22, 2008 under News | 
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SEC bans financials short sales (Reuters)
Reuters – U.S. market regulators issued an emergency ban on the short-selling of financial stocks on Friday, igniting big rallies in the sector that has been targeted by sellers as the credit crisis gathered pace.
Posted by admin on September 21, 2008 under News | Be the First to Comment
Saudi stocks take heart from New York, oil gains
A surge in global stock markets and higher oil prices lifted Saudi shares on Saturday, with Saudi Basic Industries Corp (SABIC) and banking stocks leading the way.
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London stock market soars (AFP)
AFP – London shares soared on Friday, lifted by mammoth share price gains for banks, as governments worldwide stepped up their fight against the worst financial crisis in decades.
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2 WNY bank stocks rise
The upward surge in late trading of financial stocks on Sept. 18 lifted the share prices of two Western New York-based banks. M&T Bank Corp. (NYSE: MTB) shares rose 16 percent to close at $90.10,…
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Morgan Stanley talks continue on all fronts: source (Reuters)
Reuters – Morgan Stanley’s talks with Wachovia Corp , China Investment Corp and other institutions continue, though the rebound in its stock and debt prices gives the investment bank more time to consider its options, a person familiar with the matter said Friday.
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Stocks soar in relief rally as govts step up rescue efforts
meanwhile continued to offer funds to the money markets, aiming to take the pressure off banks needing to tap essential finance for their day-to-day operations. On Wall Street, stocks charged ahead…
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Govt trading ban could have unintended results (AP)
AP – The government’s unprecedented move Friday to ban people from betting against financial stocks might be a salve for the market’s turmoil but could also carry serious unintended consequences.
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Federal bailout plan extends Wall St. rally
The government took other steps Friday to stabilize the financial system. * The Federal Reserve said it will expand its emergency lending and let commercial banks finance purchases of asset-backed pa…
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From boom to bust, China’s stocks casino loses luster (Reuters)
Reuters – China’s middle-class moms and blue-collar pensioners were among the world’s most avid and successful investors last year. Now their record is one of lost fortunes, broken families and protest.
Posted by admin on September 20, 2008 under News | Be the First to Comment
Hawaii stocks mostly up after volatile week
Most Hawaii stocks were up Friday as the Dow gained more than 300 points upon the Thursday’s news that the government will rescue banks from bad debt. In Hawaii,
