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Posted by admin on February 28, 2009 under News | 
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Saudi stocks down on back of US contraction
The all-share index was down 2.27 percent to 4,439 points.SABIC fell 2.54 percent but it is the insurance sector index that is posting the biggest losses.
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World markets swoon as U.S. slumps to bank aid (Reuters)
Reuters – The United States vowed to prop up ailing banks if needed, but worries that yet more cash injections would fail to staunch the global economic crisis weighed on stock markets around the world on Tuesday.
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Citigroup remains under pressure in evening trades
LOS ANGELES (MarketWatch) — Citigroup Inc. shares dropped Friday evening, piling on to steep monthly declines after the U.S. government agreed to take a greater stake in the embattled firm.
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SEC’s civil lawsuit still awaits Nacchio (AP)
AP – A court ruling Wednesday reinstating the insider-trading conviction of Joe Nacchio doesn’t end the former Qwest chief executive officer’s legal battles.
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Glance-STOCKS NEWS EUROPE-Candover falls on Ferretti rescue failure
STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 10:47GMT 27Feb2008-Candover falls after it walks away from Ferretti ———————————————————…
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Weak financials drag down FTSE 100 (AFP)
AFP – The leading share index slipped into the red on Tuesday amid fears for the world economy.
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Nikkei rebounds 1.48% Friday
Global Financial Crisis TOKYO, Feb. 27 (Xinhua) — Tokyo stocks rebounded Friday, closing at the highest level in a week. The benchmark 225-issue Nikkei Stock Average gained 110.49 points, or 1.48 …
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European equities rally despite record RBS bank loss (AFP)
AFP – European stocks rallied Thursday on bargain-hunting, with the focus on the financial sector as traders digested a record loss at Royal Bank of Scotland which was less than feared.
Posted by admin on February 27, 2009 under News | Be the First to Comment
Fear-factor investments outperforming so far this year
SAN FRANCISCO (MarketWatch) — Market gauges that rise when fear rears its head, such as credit-default swaps and a widely watched volatility index, are outperforming so far this year, underlining the…
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Gov’t looks to quell nationalization fears (AP)
AP – The U.S. government on Tuesday sought to quell concerns that the administration is moving toward nationalization of the country’s ailing financial system, but said it would provide additional support to banks that do not have an adequate buffer to survive in an even worse economy.
