Global stocks continued sliding Thursday as reports that Bank of America faces a cash shortfall in its purchase of Merril Lynch dragged Wall Street while and ECB rate cut failed to cheer Europe.
Markets rallied Monday after China announced a $586 billion stimulus package aimed at countering a slowdown in the Asian powerhouse's export-led economy.
Global stock indexes mostly fell Tuesday, as the positive sentiment stemming from France's plan to inject $14 billion in banks and talk of a second economic stimulus package in the United States faded.
U.S. Treasury Secretary Henry Paulson said golden parachute payments would be banned and the salary deals of bankers "clawed back" as part of the government's $250 billion bailout of the financial sector.
European markets tumbled in early trading amid ongoing fears about the state of credit markets despite the British government's $87.5 billion rescue package for the banking system
The venerable Lehman Brothers investment bank said early Monday that it will file for bankruptcy, while Bank of America unveiled plans to buy Merrill Lynch -- two pieces of news that profoundly alter the American financial landscape.
World stock markets retreated in the wake of a sell-off on Wall Street amid mounting concerns about a slumping US economy and its impact on global growth
On June 18, when French authorities put a second EADS executive under formal investigation for insider trading, it was the latest reminder that European regulators were getting serious about cleaning up their stock markets. Insider trading has long been on the statute books in France. To date, however, only one Frenchman has ever landed in jail for the offense, even though the law allows for sentences of up to two years.
Global stocks continued sliding Thursday as reports that Bank of America faces a cash shortfall in its purchase of Merril Lynch dragged Wall Street while and ECB rate cut failed to cheer Europe.
Markets rallied Monday after China announced a $586 billion stimulus package aimed at countering a slowdown in the Asian powerhouse's export-led economy.
Global stock indexes mostly fell Tuesday, as the positive sentiment stemming from France's plan to inject $14 billion in banks and talk of a second economic stimulus package in the United States faded.
U.S. Treasury Secretary Henry Paulson said golden parachute payments would be banned and the salary deals of bankers "clawed back" as part of the government's $250 billion bailout of the financial sector.
European markets tumbled in early trading amid ongoing fears about the state of credit markets despite the British government's $87.5 billion rescue package for the banking system
The venerable Lehman Brothers investment bank said early Monday that it will file for bankruptcy, while Bank of America unveiled plans to buy Merrill Lynch -- two pieces of news that profoundly alter the American financial landscape.
World stock markets retreated in the wake of a sell-off on Wall Street amid mounting concerns about a slumping US economy and its impact on global growth
On June 18, when French authorities put a second EADS executive under formal investigation for insider trading, it was the latest reminder that European regulators were getting serious about cleaning up their stock markets. Insider trading has long been on the statute books in France. To date, however, only one Frenchman has ever landed in jail for the offense, even though the law allows for sentences of up to two years.
European markets were jittery again Thursday following losses earlier in the week, while US shares played more positively and Asia markets continued to showed marked contrasts.
European shares rose on Monday led by miners and financials in an extended rebound amid relief provided by the U.S. Federal Reserve's discount rate cut on Friday, which also boosted U.S. and Asian stock markets.
France's biggest listed bank, BNP Paribas, froze €1.6 billion ($2.2 billion) worth of funds Thursday, citing the U.S. subprime mortgage sector woes that have rattled financial markets worldwide.
European shares were trading in a tight range on Wednesday, with weakness in the oil sector offsetting upside from an overnight rally on Wall Street where hopes were raised that the Federal Reserve may be near the end of its interest-rate tightening cycle.
European markets declined on Monday after Hurricane Katrina sent front-dated crude oil futures to record highs, and as U.S. markets finished at a seven-week low on Friday.
Japan's key stock index, the Nikkei 225, has opened in positive mood Tuesday, rising 0.78 percent to 11054.83 points after the Japanese government indicated it would do more to bolster domestic consumer spending.
European companies being denationalized by conservative British and French governments also offer investors a way to benefit from the dollar's slide. Says Thierry de la Villehuchet, an analyst in N...
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