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Posted by admin on October 29, 2008 under News | 
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Wall Street scores 2nd-best day ever on rate-cut hopes
NEW YORK (Reuters) – Wall Street marked its second-best day ever on Tuesday as investors, convinced that central banks worldwide will cut rates even more, scooped up stocks that had been driven down t…
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U.S. must update nuclear arsenal as rivals are: Gates (Reuters)
Reuters – U.S. Defense Secretary Robert Gates warned on Tuesday that America’s aging nuclear weapons stockpile faces a bleak future of decline just as rival nations including Russia and China are modernizing their nuclear arsenals.
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European stocks bounce back strongly
LONDON — European stock markets opened higher Tuesday after Japan's Nikkei index recovered from 26-year lows, with Germany's DAX further boosted by another steep rise in the value of Volkswagen AG sh…
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Euro steady ahead of US interest rate decision (AFP)
AFP – The euro held steady against the dollar on Tuesday ahead of an expected cut in interest rates by the US Federal Reserve to give the struggling economy a boost and ease the credit crisis.
Posted by admin on October 28, 2008 under News | Be the First to Comment
Egypt stocks gain, led by telecoms, Talaat Moustafa
Egyptian stocks pipped slightly higher on Monday led by telecoms and real estate developer Talaat Moustafa , even as Gulf bourses slumped on banking and recession worries.
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Oil below $64 as stock market pares gains (Reuters)
Reuters – Oil retreated from session highs on Tuesday, tracking U.S. stock markets where an early rally ran out of steam despite gains in European and Asian shares.
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Stocks plunge despite gov’t fund support
index to its lowest in more than 5 years, after the government restored a wider limit by which shares can decline and foreign investors continued dumping their shares to raise cash for head offices ab…
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More weak data, hedge-fund selling seen this week (AP)
AP – In a typical recession, stocks start recovering about six months before the economy does. The crisis we’re in right now, however, is anything but typical: Lending is frozen, hedge-fund selling is happening on a massive scale, and economic troubles have spread all over the globe.
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NASDAQ OMX Plans Extension Of Baltic Exchange Opening Hours
NASDAQ OMX Group Inc. (NDAQ), owner and operator of the three Baltic stock exchanges, plans to extend the markets' trading hours in the first quarter of 2009, a spokesman for the
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RBC, AIC cut staff amid market downturn (Reuters)
Reuters – Fallout from plunging stock markets is beginning to emerge in Canada’s financial services sector, as companies cut staff to reduce costs.
