(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, [...]
(Adds company items, trader quote, updates table)
FRANKFURT, March 20 (Reuters) - European shares were expected to fall on
Thursday, tracking U.S. stock markets, with financial sector woes firmly in the
spotlight after a profit warning from Credit Suisse (CSGN.VX: Quote, Profile, Research) and a bearish
outlook from insurer Allianz (ALVG.DE: Quote, Profile, [...]
LONDON, March 20 (Reuters) - Britain’s FTSE 100 .FTSE
index is seen opening down 85 to 92 points, or 1.7 percent, on
Thursday, bookmakers said, tracking sliding world stocks amid
fears of more bank writedowns in an ongoing credit crisis.
The UK index closed down 1.1 percent, or 60.2 points, at
5,545.6.
All major [...]
NEW YORK, March 28 (Reuters) - Net outflows from U.S. junk
bond mutual funds slowed to $78 million in the week ended
Wednesday, down from $141 million the week before, AMG Data
Services reported late on Thursday.
Junk bonds are rated below investment grade and carry high
yields to compensate for their risk.
Investor [...]
Congress Is Stingy on Useful Home Tax Breaks: John F. Wasik
Commentary by John F. Wasik
March 24 (Bloomberg) — Theres always a little pain
involved in wading through the U.S. tax code.
Yet you can ease [...]
NEW YORK (CNNMoney.com) — If you’ve been pessimistic about the stock market, you would think you’d have plenty of reasons to gloat today.Influential bank analyst Meredith Whitney of Oppenheimer slashed her earnings targets for Citigroup (C, Fortune 500), Bank of America (BAC, Fortune 500), JPMorgan Chase (JPM, Fortune 500) and Wachovia (WB, Fortune 500). Whitney [...]
SHANGHAI, China (AP) — Chinese lender Bank of China has reported its net profit rose 31% in 2007 despite nearly $5 billion in exposure to the U.S. mortgage lending crisis.The state-owned lender, China’s most international bank, said Tuesday that its net profit for 2007 was 56.3 billion Chinese yuan ($8 billion). The result, up from [...]
NEW YORK (AP) — Treasurys fell sharply Monday as another big gain on Wall Street encouraged investors to draw more money away from the safety of bonds. A sweetened buyout deal for Bear Stearns Cos. and better than expected housing data also lessened the market’s appetite for government debt.JPMorgan Chase %26amp; Co. (JPM, Fortune 500) [...]
WASHINGTON (AP) — Congressional leaders are racing to push through an array of election-year housing measures that already have stirred up much political wrangling and the White House is examining its own plan to further help homeowners caught in the mortgage meltdown.With foreclosure signs prevalent and a Wall Street rescue reverberating, majority Democrats want the [...]
WASHINGTON (AP) — The Federal Reserve announced Friday it will auction another $100 billion in April to cash-strapped banks as it continues to combat the effects of a credit crisis.The central bank said it would make $50 billion available at each of two auctions, on April 7 and April 21.Through the end of March, [...]
