All Posts Tagged With: "SCGLY"
Chinese Slowdown Could Prompt $58bn Stimulus Package
The Chinese economy is showing signs of a slowdown, says Jason Simpkins in Money Morning. And despite the hype of the Olympic games, the Shanghai Stock Exchange is tumbling. Given the size of the economy, China needs to grow at over 8% annually to create enough jobs. This means a rumored $58-billion government-sponsored stimulus package looks more and more likely…
Switzerland’s Roche Makes $43.7 Billion Offer for U.S. Biotech Pioneer Genentech
Turbulent Credit Markets and Inflation Undermine Attempts by Paulson and Bernanke to Bolster Investor Confidence
Both U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben S. Bernanke were called to the carpet yesterday (Tuesday) to explain to Congress how continued turbulence in U.S. credit markets will affect the economy in coming months.
European Bank Stocks Rise on Improved Outlook
After the global financial industry shed $403 billion in write-downs, European banks are finally turning a corner and boosting their share prices.
German giant Deustche Bank AG (DB) and Switzerland’s UBS AG (UBS) both declared they would not need to raise further capital yesterday (Wednesday) as the bulk of losses tied to mortgage-backed securities is now behind them.
“At first glance this is some much-needed positive news for Deutsche in particular but also for the whole sector,” Helge Rechberger, head of equity market research at Raiffeisen Zentralbank in Vienna, told Bloomberg News. He said he remains “cautious” about the financial industry.
Better Than Expected Economic Reports Signal the Economy Could Be Ready for a Fed on Pause
The U.S. economy shed 20,000 in April, the Department of Labor announced in its monthly employment summary, bringing total unemployment up to 5% from 5.1% last month.
Global Investing Roundups Friday, April 18th, 2008
Nokia Shares Plummet on Missed Earnings; “The World” Developer Posts Quadrupled Annual Profits; Google Beats Estimates; Capital One Profit Drops 19%; TD Ameritrade Gets a Boost; Societe General Chief Steps Down; Avant Soars on Pfizer Deal; Southwest Ekes Out Profit.
Latest News
- 5 Fat-Dividend Paying Pharmacuetical Stocks10:09am CDT
- Down 24%, Berkshire Hathaway (BRK.B) Is a No-Brainer Buy9:29am CDT
- 3 Ways to Play Fast Growing Wind-Energy Sector9:07am CDT
- With OPEC Meeting Looming, and Emerging Markets Growing, Oil Prices May Only be Temporary8:45am CDT
- Fannie and Freddie Seized… Cost to Taxpayer: Over $1 Trillion8:38am CDT
- Government Takes Control Fannie Mae and Freddie Mac8:38am CDT
- Base Metals Savaged1:58pm CDT
- Crude Still Slipping1:55pm CDT
- Dollar Flat Amid Dreadful Data1:52pm CDT
- Gold Edges Up, but Silver Hammered Again1:47pm CDT
- Brazilian Oil Takes One Step Closer to Nationalization3:32pm CDT
- Resource Stock Roundup Friday, September 5th, 200812:01pm CDT
- Base Metals Treading Water11:53am CDT
- Crude Slips Further, $106 Seen as Support Level11:50am CDT
- Dollar Continues to Squash Euro11:47am CDT
- No Relief in Sight for Gold and Silver11:43am CDT
- Global Investing Roundups Friday, September 5th, 20089:39am CDT
- Weak Labor Market and Slowing Retail Sales Put U.S. Stocks in a Tailspin9:18am CDT
- Protest at Tata Plant Evidence of Indian Identity Crisis9:04am CDT