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By Aiko Hayashi
TOKYO, March 19 (Reuters) - Japan’s Nikkei share average rose
2.5 percent on Wednesday as investors snapped up exporters such
as Toyota Motor Corp (7203.T: Quote, Profile, Research) after a big interest rate cut in
the U.S. helped ease concerns over demand in a key market [...]
(Adds stocks, comment, details)
By Aiko Hayashi
TOKYO, March 19 (Reuters) - Japanese stocks rose more than 2
percent on Wednesday, with exporters such as Toyota Motor Corp
(7203.T: Quote, Profile, Research) getting a boost from a somewhat weaker yen, though
lingering worries about the health of the global financial system
kept a lid [...]
ZURICH, March 19 (Reuters) - Swiss shares are set to rise on
Wednesday, in line with other bourses, after the Federal Reserve
cut interest rates and two major investment banks beat
expectations with their results.
The Swiss blue-chip index SMI.SSMI was indicated to open
126 points higher at 7,140 points, data provided by bank
Clariden [...]
LONDON, March 19 (Reuters) - European shares are expected to rise on
Wednesday, buoyed by a rally in global equity markets after the Federal Reserve
delivered a smaller cut than expected to U.S. rates but two major investment
banks beat expectations with their results.
Spreadbetters in London expect Britain’s FTSE 100 index .FTSE to [...]
By Dan Wilchins
NEW YORK (Reuters) - Lehman Brothers Holdings Inc (LEH.N: Quote, Profile, Research)
said on Tuesday its first-quarter earnings dropped 57 percent
as it wrote down bonds, but its shares surged after the bank
said it has more than enough capital to do business in the
current environment.
Lehman’s better-than-expected results, helped [...]
NEW YORK (Reuters) - Investment banks Goldman Sachs Group Inc (GS.N: Quote, Profile, Research), Lehman Brothers Holdings Inc (LEH.N: Quote, Profile, Research) and Morgan Stanley (MS.N: Quote, Profile, Research) are testing a new program that allows investment banks to borrow directly from the Federal Reserve, according to people at the banks.
In [...]
LONDON, March 19 (Reuters) - Britain’s FTSE 100 .FTSE index is expected to
open as much as 0.7 percent higher on Wednesday, according to financial
bookmakers, echoing gains in global equities after a hefty interest rate cut in
the United States and resilient results from two Wall Street banks.
U.S. stocks rang up [...]
NEW YORK, March 18 (Reuters) - Abu Dhabi has pledged it
will not use its money to further its political aims, according
to the Wall Street Journal on Tuesday, citing a letter it said
was sent to U.S. Treasury Secretary Henry Paulson and other
Western finance officials.
The Journal said the letter spells out [...]
By Mark Potter
LONDON (Reuters) - Turbulent financial markets have helped
ICAP Plc (IAP.L: Quote, Profile, Research) to beat analysts’ consensus profit forecasts
and the world’s biggest interdealer broker expects the
volatility to continue, it said on Wednesday.
Shares in ICAP, which offers voice and computerised broking
to a range of financial and commodities [...]
TEL AVIV, March 19 (Reuters) - A nine-day-old slowdown by
workers at the Tel Aviv Stock Exchange (TASE) is not having much
impact as overall trading volume levels have remained steady,
traders said on Wednesday.
“We don’t see any effect on volumes,” said Deutsche Bank
analyst Richard Gussow, noting that the situation would be [...]
