The European Central Bank’s approach to monetary policy has generally not been one of “shock and awe.” And yet a surprise cut to its deposit rate last week — which takes effect Wednesday — is sending shockwaves through the market.
Stocks eased off their worst levels in the final hour of trading, but still finished firmly in the red Friday on the heels of a disappointing June government jobs report.
There is still more agony to come for Spanish banks, the Financial Times reports.
Moody’s downgrades banks; Blackrock fund manager leaves; Twitter suffers an outage; AIG docks a chief for an inter-office relationship.
Malaysia is set to vault ahead of Hong Kong as Asia’s largest market for international initial public offerings with the planned flotation of shares in two massive government-linked companies defying a gloomy global listings environment. The FT reports.
Six years ago, Wall Street and the City of London were consumed with “Goldman envy”. But that seems to be changing. The FT reports.
Philipp Hildebrand, the former chairman of the Swiss National Bank, is joining BlackRock as vice-chairman and will oversee the firm’s largest institutional client relationships outside of the U.S., the FT reports.
Take a look at some of Tuesday’s morning movers:
A 275 page report sheds light on what may have happened in the last days of MF Global, airlines consider more fees, Starbucks spends $100 million on bread companies, CBS Outdoor billboards business could fetch $6 billion.
BlackRock announced that Chief Equity Strategist Bob Doll will retire after 34 years in the industry.
Goldman Sachs has been forced to delay the launch of its new corporate bond trading platform after a series of “logistical issues” beset the investment bank’s foray into electronic fixed-income trading, the Financial Times reports.
Stocks closed lower in thin trading Friday as investors hesitated to stay long over the three-day Memorial Day holiday weekend amid ongoing worries over the euro zone.
U.S. stock index futures slipped Friday, tracking shares in Europe, as concerns lingered over the euro zone debt crisis in what could otherwise be a light trading day ahead of the Memorial Day weekend.
Take a look at some of Friday’s morning movers:
Check out which companies are making headlines after the bell Thursday:
Stocks bounced off their lows to finish mixed in another choppy session Thursday amid ongoing speculation over whether Greece will exit the euro zone.
U.S. stock index futures climbed after briefly cutting gains Thursday as investors sifted through a batch of mixed economic reports and amid ongoing worries over the euro zone.
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Earlier in the session, the stock was down as much as 18 percent, its worst one-day drop since November 2000.
Take a look at some of Wednesday’s morning movers: