The dollar lost its safe haven bounce as risk appetite improved amid expectations that Ukraine would receive international aid.» Read More
For anyone in doubt that China is the market the world’s investment banks are most desperate to make their own, just take a look at the roster of the groups that last month led the initial public offering of AIA. The FT reports.
'This sector is probably better than people think. And if you look at the valuations, things have gotten very cheap, there is a lot of negativity around the group—but fundamentally the drivers are in place,' Nomura's Michael Nathanson told CNBC.
The discreet sign by the door does not say Lehman Brothers. But step inside: a bit of Lehman lives on here in Manhattan, reports the New York Times.
Just how much the US economy will expand this year and next remains a question among economists—with the wild card being the impact of European turmoil on US growth.
The price of regulation: From financial regulatory reform to a ban on naked short selling in some German stocks, the markets are reacting to the prospects of more regulation, lower growth, less risk, and a higher cost of capital.
Phrases like “green shoots,” “animal spirits” and “real consumer spending” are dominating analysts’ weekend reports as they track economic recovery. Yet, the economists with National Bureau of Economic Research are reluctant to declare the recession over.
Drugmaker Bristol-Myers Squibb became the latest big company to announce layoffs, saying it will eliminate another 10 percent of its work force through 2010.
Banks and investment funds around the world lined up on Monday to disclose they invested billions of dollars in companies controlled by Bernard Madoff...
This week brought a slew of layoffs, including Dow component Bank of America, which said its planned job cuts may grow to 35,000 over three years after it completes its purchase of Merrill Lynch.
Sony became one of the latest companies to announce layoffs in attempt to rein in costs and weather the weak economy.
Further layoffs on Monday from big market names, including a component of the Dow Jones Industrial Average an American business icon, added to employment gloom.
The latest job cuts in the banking sector come amid an overall wave of layoffs across the United States as companies move to cut costs in the face of slackening demand and a general economic downturn.
The Lehman Brothers CEO missed every chance he had to save his firm.
Nomura Holdings, Japan's largest brokerage, said the country's securities watchdog was investigating an employee on suspicion of insider trading, that a newspaper reported involved leaking details of merger deals.
CNBC asked the experts where they would invest in this market environment, and here's a sampling of their recommendations.
Nomura Holdings, Japan's largest broker, said on Tuesday it planned to withdraw soon from the futures business in Chicago as it restructures its U.S. operations.