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Posted by admin on November 25, 2008 under News | 
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Oil spikes 9 pct on another Wall Street bailout
Oil prices jumped 9 percent Monday, pulled along by a surging Wall Street that reacted to news of a U.S. government bailout for Citigroup.Phil Flynn, an analyst at Alaron Trading Corp., said oil initi…
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FTSE 100 up 56.19 at 4,209.15 (AP)
AP – Share prices on the London Stock Exchange were higher at midday Tuesday.
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Hong Kong stocks open 4 per cent higher on global share rises
Hong Kong – Hong Kong's Hang Seng Index opened more than 4 per cent higher Tuesday after big overnight rises in the value of US and European shares. The blue-chip index stood at 12,979.62 points withi…
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Citi rescue sparks Wall Street surge (AFP)
AFP – Wall Street staged a powerful rally Monday as US government rescue of banking giant Citigroup sparked a second straight session of frenzied buying.
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U.S. stocks end solidly higher on Citi rescue, Obama team
U.S. stocks rally for a second consecutive day after the government agreed to rescue Citigroup and as President-elect Barack Obama directed his new economic team to get to work.
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Asian stock markets rise after Wall Street rally (AP)
AP – Asian markets rose Tuesday as investors regained some confidence on Wall Street’s second straight day of strong gains, spurred by a U.S. government bailout of banking giant Citigroup.
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Campbell Soup posts lower quarterly net profit; shares fall
NEW YORK (MarketWatch) — Campbell Soup Co. said Monday its first-quarter net income declined nearly 4% on higher costs, even as increased marketing helped generate double-digit sales growth for its s…
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Insight: The bear’s about to roar (FT.com)
FT.com – Before we all are swept away into total despair, let’s take a step back and imagine what could get stocks around the world going up for a while. Bear in mind that I am hedge fund manager, have been wrong on the severity and duration of this panic, and that at this moment I am close to shore. In other words – I have little risk on.
Posted by admin on November 24, 2008 under News | 3 Comments to Read
Wall St sneeze sends expats back home
The finance crisis is changing the employment landscape – in New Zealand and internationally.A spill-over from the financial crisis on related service industries is seeing a the rise in returning expa…
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Asian stocks lower despite US bailout plan for banking giant (AFP)
AFP – Asian stock markets were down Monday amid uncertainty for the world economy despite a US government rescue pledge for global banking giant Citigroup.
