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 [...]
By Ana Nicolaci da Costa
LONDON, March 19 (Reuters) - Wall Street is seen opening
lower on Wednesday, with U.S. stocks expected to pause for
breath after a 75 basis point rate cut helped them post their
biggest daily gain in more than five years.
U.S. index futures SPM8 DJM9 NDM9 were down [...]
By Svea Herbst-Bayliss and John Poirier
BOSTON/WASHINGTON (Reuters) - The U.S. Federal Reserve or
another new agency should be given the power to monitor all
risk in the financial system and act when necessary, a powerful
Democratic lawmaker said on Thursday.
“Congress should seriously consider establishing or
empowering the Federal Reserve to act as [...]
(Adds weekly moves)
By Aiko Hayashi
TOKYO, March 21 (Reuters) - Japan’s Nikkei average jumped 1.8
percent on Friday, closing higher for a third straight session as
investors snapped up financial shares such as Mitsubishi UFJ
Financial Group (8306.T: Quote, Profile, Research) amid hopes that U.S. measures to cope
with the credit crunch will [...]
