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Posted by admin on September 24, 2008 under News | 
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AFP – London shares closed lower on Tuesday, as uncertainty continues over the US government’s debt rescue plan aimed at rescuing battered financial institutions and averting economic meltdown.
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Tokyo stocks open lower on Wall Street
Tokyo – Tokyo stocks fell Wednesday as concerns over US financial markets grew after overnight falls on Wall Street and opposition from some US lawmakers to a bailout plan for the US financial industr…
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Russian stocks fall, bank outlook dims (AP)
AP – Russian stocks were buffeted Tuesday by turbulence from a dismal U.S. trading session as the Standard & Poor’s ratings agency lowered the long-term outlook for several small-sized Russian banks, including a bank owned one of the country’s richest men.
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Wall St. bailout may delay spending programs
By Steve Holland NEW YORK (Reuters) – Democratic presidential nominee Barack Obama said on Tuesday a $700 billion Wall Street rescue plan would likely delay some campaign spending promises, as the re…
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US-NEWS Summary (Reuters)
Reuters – Architects of a $700 billion bailout plan urged U.S. lawmakers to act swiftly or face dire economic consequences as global stock markets fell for a second day on growing concern the rescue may be delayed.
Posted by admin on September 23, 2008 under News | Be the First to Comment
Bernanke, Paulson urge fast action from Congress
Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke defended the plan in testimonies prepared for a Senate Banking Committee hearing, where lawmakers grilled the two financial chiefs about …
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TSX pushes lower on weak resources (Reuters)
Reuters – The Toronto Stock Exchange’s main index slid more than 100 points on Tuesday, weighed down by weak resource issues, while investors eyed congressional testimony on the $700 billion plan to bail out the battered U.S. financial sector.
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Updates, advisories and surprises
) lowered its fourth-quarter earnings view, citing a fire at a Korean facility, the impact from Hurricanes Gustav and Ike, the strengthening of the dollar vs. the U.K. pound and the euro, a slowdown…
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Russian tycoon to buy half of Russia’s RenCap (AP)
AP – Billionaire Mikhail Prokhorov said Monday he would take a 50 percent stake in Renaissance Capital, one of Russia’s leading investment banks, just days after Russia’s stock markets suffered steep plunges.
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U.S. Stocks Sink On Bailout Plan Worries, Oil Surge
"The question is whether so much government intervention will avert the most dreaded consequences of Wall Street's excesses, namely a financial meltdown and an economic depression," said Ed Yardeni,…
