Browsing Category News
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Saab files for bankruptcy protection
Swedish car manufacturer Saab on Wednesday filed for bankruptcy protection from creditors amid mounting debt and production stoppages in a last minute attempt to save the brand. Th... -
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Labor Day welcomes volatility amid growth fears
European and Asian stocks slumped on Labor Day after US growth fears hit the markets late on Friday following weak employment data that showed the US economy had added no jobs at a... -
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Lawsuits over mortgage debt rattle bank shares
European banking shares on Friday dropped sharply in anticipation of US jobs data and a published report that the Federal Housing Finance agency is planning to file a lawsuit again... -
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Asian manufacturing heralds jittery September start
As increasing prices continue to aggravate Asia’s governments moving into September, manufacturing activity slowed in August within Japan, Taiwan and South Korea, according to da... -
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Rosneft ExxonMobil buddy up; Daryl Hannah arrested
Russia’s Prime Minister Vladimir Putin late on Tuesday announced an agreement between US oil conglomerate ExxonMobil and Russia’s Rosneft to explore the country’s oil-rich Ar... -
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BofA sells Construction stake to raise $8.3bn
Bank of America late on Monday announced it is to sell around half of its ten percent stake in China Construction Bank to a group of investors in an effort to increase capital and ... -
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Markets lower ahead of Bernanke speech and Germany rumours
Markets showed signs of caution and the dollar declined against its counterparts as traders await a speech by Federal Reserve Chairman Ben Bernanke which is expected to show a slow... -
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Greek exposure affects Credit Agricole profits
Credit Agricole, France’s third largest bank by market value, published in its 2Q11 net profit results on Thursday a 10.6 percent decrease at €339m compared to €379m in the s... -
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Markets vague as Moody’s downgrades Japan
?Asian highs were short-lived on Wednesday when regional markets failed to hold on to Tuesday’s gains after sentiment dampened following Moody’s decision to downgrade Japan’s... -
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Asian stocks higher but uncertainty lingers?
Asian markets rebounded on Tuesday following a series of losses last week after released data showed improved manufacturing activity in China and buoyancy that Federal Reserve Chai...
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