The buzz words “climate” and “change” have been appropriated by the funds industry to market a new line of “green” equity products. But is this investment concept hot enough to coax investors back into markets that are buckling under more pressing financial concerns?
Allianz, Schroders, HSBC, DWS and Virgin are among the money managers who figure [...]
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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 [...]
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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 [...]
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 (Reuters) - U.S. 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 a [...]
By Joseph A. Giannone
NEW YORK (Reuters) - Morgan Stanley (MS.N: Quote, Profile, Research) said its
quarterly earnings plunged after it absorbed $2.3 billion of
write-downs, but robust trading results helped the No. 2 U.S.
investment bank trounce expectations by a wide margin.
Morgan overall had the best quarter among the big Wall
Street [...]
NEW YORK, March 28 (Reuters) - Some U.S. stocks to watch on
Friday:
BEAR STEARNS COS INC (BSC.N: Quote, Profile, Research)
A filing showed that James Cayne, chairman of the
investment bank, and his wife sold their entire stake in Bear
Stearns. For details, see [ID:nN27397570].
Earlier this week, JPMorgan Chase %26amp; Co [...]
