Brent crude reversed early losses to edge up towards $85 a barrel on Thursday, with factory data having countered concerns.» Read More
The fact that Dubai has been struggling under huge debts is not a surprise to anyone who has followed the Emirate’s economy over the last 10 years.
Cautiously optimistic comments from two British banks this morning: HSBC earnings were better than expected and the tone of the report was upbeat, with bad loans down. Barclays said it expects loan losses to peak in the first quarter of 2010.
Lloyds Banking Group inched closer to plugging a capital gap of more than 20 billion pounds ($33 billion), boosting the British bank's shares on prospects a deal could happen before the year end.
In the summer of 2008, two months before Lehman Brothers filed for bankruptcy, Richard S. Fuld Jr., the firm's chairman, was continuing his desperate efforts to find a lifeline. They had begun in March, shortly after the demise of Bear Stearns, when Mr. Fuld called the legendary investor Warren E. Buffett seeking a capital infusion, to no avail. Lehman had raised money elsewhere, but that didn't help for long, and its condition again was worsening.
This week’s a very important week technically for the markets, said Scott Redler, chief strategic officer at T3live.com. He told investors what they should be watching out for throughout the week.
Despite rough economic data the bulls could not be held down and reversed a 100 point drop in the Dow. But that might not be such a positive sign after all...
Treasury Secretary Hank Paulson and Fed Chairman Ben Bernanke head to Capitol Hill to sell the $700 billion bailout plan. Warren Buffett invests $5 billion in Goldman Sachs. WaMu talks to suitors about a takeover.
So what are the most competitive global financial centers? Check out the Global Financial Centres Index and find out!
The global banking industry is a diverse landscape of financial services — consumer, corporate, investment — but with so many players in the marketplace, which are the best in each segment?
Stocks snapped a five-day winning streak Friday as a sharp drop in oil prices and profit-taking offset an improvement in consumer confidence and a rosier outlook from economic bellwether FedEx. Still, for the week, stocks gained 1.7 percent.
Hurricane Ike takes a backseat to the the banking storm: BofA pulls out of Lehman to focus on Merrill Lynch. By late Saturday night, a deal has been drafted to acquire Lehman's bad assets and pave the way for an eventual sale of the firm.
Stocks struggled to push higher Friday as consumer confidence improved and economic bellwether FedEx raised its earnings forecast. But profit-taking after a five-day rally clipped gains.
US stock index futures pointed to a slightly lower open Friday, with investors taking a breather after five straight sessions of gains.
False optimism wars with bad omens. Lehman Brothers gained 5 percent following news that Ospraie Fund, a commodities fund in which Lehman had a 20 percent stake, was closing and would return money to investors after incurring big losses in 2008. The dollar hit an 11-month high against the euro, as belief spread that the credit crunch tsunami would turn on Europe—and that the U.S. had already weathered the worst.
Asia has already emerged more forcefully from recession than the U.S. and Europe and that upturn is starting to feed into the job market. Hiring is starting to pick up again, recruiters and bankers say.
A lifeline from South Korea for troubled investment bank Lehman Brothers appeared in doubt on Wednesday as the bank leading the plan said nothing had been decided, and other lenders denied interest in taking part.
The rally on Wall Street began to fade Monday, with the S&P and Nasdaq turning negative, after a global rally that had spilled over into U.S. trading this morning. Read and listen to what the pros had to say...
Stanford investors are suing five banks, including two in the US, that handled billions of dollars in customer deposits for Stanford International Bank in Antigua, the offshore bank at the heart of the alleged Ponzi scheme.
Natural gas prices have been plummeting over the past few weeks to a 7-year low while oil is climbing to 2009 highs. Addison Armstrong, director of market research at Tradition Energy, and Peter Beutel, president of Cameron Hanover, discussed their outlooks.