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Posted by admin on February 26, 2009 under News | 
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More Investors Are Shunning Stocks
Ben McCoy seemed to be doing everything right. After getting married in 2002, he and his wife sat down with a financial planner and invested a fat 20% of their combined salaries in a diversified portf…
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Markets reel as US bank rescue plan offers little comfort (AFP)
AFP – Global stock markets were reeling on Tuesday, extending heavy losses as the latest US bank rescue plan offered little comfort the underlying problems driving the global downturn will be quickly resolved.
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Zimbabwe stock exchange trades in US dollars
THE ASSOCIATED PRESS JOHANNESBURG — Zimbabwe's stock exchange is ditching the country's collapsed local currency and is trading in U.S. dollars. Zimbabwe is trying to combat the world's highest i…
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Wall Street rallies off 12-year lows (AFP)
AFP – Wall Street shares roared higher Tuesday a day after key indexes fell to 12-year lows, as investors shrugged off economic gloom ahead of a key speech from President Barack Obama.
Posted by admin on February 25, 2009 under News | Read the First Comment
Asian stock markets rise after Bernanke comments
News ) – Asian stocks rose Wednesday, taking their cue from Wall Street after U.S. Federal Reserve Chairman Ben Bernanke said the government had no plans to nationalize hard-hit banks and the recessio…
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FTSE 100 fall at the start of trade (AFP)
AFP – London shares were on the backfoot at the start of trade on Tuesday as investor worries grew over the banking sector and a deepening recession.
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Oil falls near $38, following stock markets down
VIENNA — Ten-year lows for U.S. stock indexes dragged oil prices to levels near $38 a barrel Tuesday as a loss of investor confidence in global economic recovery swept across markets. U.S. stocks fel…
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Search for safety takes healthcare to top of S&P (Reuters)
Reuters – With the economic crisis hurtling full speed ahead, investors have plowed cash into health care stocks, making it the largest group on the S&P 500 in at least 20 years as the search for safe havens abounds.
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Taiwan stocks close 1.06% lower
Global Financial Crisis HONG KONG, Feb. 24 (Xinhua) — Taiwan stocks tracked Wall Street's steep drops and fell 1.06 percent on Tuesday with quiet turnover, according to media reports reaching here T…
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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.
