The two largest advice businesses servicing this market, Grove Research and Advisory and Oakvale Capital, have reported an increase in enquiries for investment advice from NSW councils since the inquiry.
Enquiries are emanating from councils that previously did not receive financial advice and councils that had advice providers which have now been excluded by the Cole [...]
Vinod Aachi, head of equity structuring, private banking and retail coverage Asia ex-Japan at Deutsche Bank, provides a perspective on what the credit crisis and the return of volatility have meant for the structured products market in Asia and how issuers of such products can remain relevant in the current market environment.
It’s no surprise that [...]
The Bush administration, pledging a “strong and continued commitment” to safeguarding national security, issued 90 pages of regulations Monday to implement a new law tightening security reviews of foreign investments.
Congress passed the law last year after an uproar in 2006 over a plan by Dubai-owned DP World to manage six of the largest ports in [...]
Last night’s confirmation by the Royal Bank of Scotland that it is considering raising more capital through a rights issue is likely to send shivers through the stockmarket today, but it was inevitable. Mervyn King, governor of the Bank of England, has made it clear since the credit crisis began nine months ago that he [...]
Stocks had wobbled in the early going Thursday after the Labor Department said the number of newly laid off workers filing for unemployment benefits rose last week by a more-than-anticipated 22,000 to 378,000. That level is the highest in nearly two months.
But Wall Street found reason to buy back into stocks when the [...]
By James Vicini
WASHINGTON (Reuters) - President George W. Bush plans to meet on Monday with top U.S. financial policymakers, the White House said, at a time of increased strains in credit markets and fears of a recession.
The White House said on Saturday Bush will meet members of the President’s Working Group [...]
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 Thomas Atkins
ZURICH (Reuters) - Credit Suisse (CSGN.VX: Quote, Profile, Research) warned on
Thursday it could report its first quarterly loss in five
years, further eroding the bank’s credibility with investors
still shaken by February’s $2.85 billion trading scandal.
The bank’s shares dropped more than 11 percent after it
said unprecedented market conditions [...]
By Jennifer Ablan - Analysis
NEW YORK (Reuters) - Less than a week ago, it seemed like the sky was falling on Wall Street when the spectacular unraveling of investment bank Bear Stearns (BSC.N: Quote, Profile, Research) sent financial markets, in the United States and elsewhere, into panic mode.
Then the Federal Reserve [...]
(For Shanghai stock market reports, click [.SS])
(Updates to close)
By Rita Chang
HONG KONG, March 20 (Reuters) - Hong Kong stocks slid on
Thursday as Wall Street losses prompted investors to pocket the
previous session’s sharp gains, while resource stocks suffered
from a broad-based sell-off in commodities.
PetroChina Co Ltd (0857.HK: Quote, [...]
