Extraordinary rescue effort spurs Wall Street rally (Reuters)

Posted by admin on September 20, 2008 under News | Be the First to Comment

Extraordinary rescue effort spurs Wall Street rally (Reuters)

Reuters – Sweeping government measures to rescue the financial system and restore confidence in shaky markets spurred a huge relief rally in stocks on Friday, ending a week when the financial landscape underwent the most dramatic reshaping since the Great Depression.

Most actively traded companies on Canadian stock markets

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Most actively traded companies on Canadian stock markets
The Canadian Press September 19, 2008 – 6:46 p.m. TORONTO – Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (12,912…

World markets soar on possible US rescue package (AP)

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World markets soar on possible US rescue package (AP)

AP – Global stock markets roared higher on Friday after news of a possible U.S. government plan to rescue banks from toxic mortgage debt raised a collective sense of hope amid the world’s worst financial crisis in decades.

Who will best

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Who will best
Wall Street , even as the latest bailout effort from the Bush administration made clear the unprecedented scope of the crisis. Speaking to the Green Bay (Wis.) Chamber of Congress this morning, McC…

Global stocks soar on US moves to end financial crisis (AFP)

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Global stocks soar on US moves to end financial crisis (AFP)

AFP – Global stock markets Friday cheered US government moves to sooth financial turmoil and a pledge to tackle toxic debt in the US banking system at the root of the crisis.

Global stocks bounce back with a roar after US moves to revive confidence

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Global stocks bounce back with a roar after US moves to revive confidence
LONDON: Global stock markets soared on Friday, driven by massive gains in banking shares after the US government drafted plans to cordon off the debt and toxic investments at the heart of the global c…

Government steps to head off run on money funds (AP)

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Government steps to head off run on money funds (AP)

AP – The federal government on Friday stepped in to bolster the teetering $3 trillion money-market mutual fund industry and stem a wave of withdrawals that resembled a Depression-era run on the banks

Gold crashes by Rs 520 on firming stocks

Posted by admin on September 19, 2008 under News | Be the First to Comment

Gold crashes by Rs 520 on firming stocks
NEW DELHI: After posting its biggest single-session jump of Rs 1,205 on Thursday, gold on Friday plunged by Rs 520 in the bullion market in the Capital as firming stock markets eroded its attractiv…

Government steps to head off run on money funds (AP)

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Government steps to head off run on money funds (AP)

AP – The federal government on Friday stepped in to bolster the teetering $3 trillion money-market mutual fund industry and stem a wave of withdrawals that resembled a Depression-era run on the banks

Stocks Fly After Feds Form Bank-Saving Plan

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Stocks Fly After Feds Form Bank-Saving Plan
WASHINGTON | The stock market finally found reason to rally Thursday, and Congress promised quick action as the Bush administration prepared a plan to rescue banks from the bad debt at the heart of th…