Tuesday 04 Oct 2011
The main US equity benchmarks are now trading down by over 1% on average (Dow Jones Industrial: -212, Nasdaq Comp.: -25, S&P 500: -21), following on the back of sharp falls, yesterday and today, in ba... Read More
Tuesday 04 Oct 2011
Even though Nomura lowered its third quarter earnings estimates for US banks by an average 29% on 6 September, the broker has again scaled back its forecasts, causing banking stocks to take a tumble o... Read More
Tuesday 04 Oct 2011
US premarket futures are calling for the main US benchmarks to open down by 1% on average this afternoon, following on the back of sharp falls, yesterday and today, in bank shares on both sides of the... Read More
Tuesday 04 Oct 2011
Ratings agency Standard & Poor's (S&P) has lowered its growth forecast for Europe and believes that the risk of a double-dip recession has risen due to lower business confidence and an economic slowdo... Read More
Tuesday 04 Oct 2011
The Reserve Bank of Australia (RBA) has decided to keep its official interest rate at 4.75%, in line with market expectations. Read More
Tuesday 04 Oct 2011
Eurozone producer-prices fell by 0.1% month-on-month in August, according to the latest data from the EU Statistics office, Eurostat. Read More
Tuesday 04 Oct 2011
German banking giant Deutsche Bank has announced that its 2011 full-year earnings target of €10bn before tax is no longer within reach. Read More
Tuesday 04 Oct 2011
A spokesperson from the Greek Prime Minister's office has quickly denied that George Papandreu was considering resigning and said that this morning's report from Financial Times Deutschland (FTD) was ... Read More
Tuesday 04 Oct 2011
Belgian bank Dexia, one of the victims of the financial crisis back in 2008, looks like becoming a victim a second time around as its share price plummets on fears over its exposure to Greek debt. Read More
Tuesday 04 Oct 2011
Stocks in Tokyo fell deeper into the red on Tuesday following the decision by European officials to delay Greece's next bailout instalment. Read More
Tuesday 04 Oct 2011
Papandreou mulls resignation, says FT Deutschland. Read More
Tuesday 04 Oct 2011
The controversial offer by US computing firm Hewlett-Packard (H-P) for UK data search software giant Autonomy has been declared wholly unconditional. Read More
Tuesday 04 Oct 2011
Accident-prone Swiss bank UBS expects to make a modest profit in the third quarter despite taking a $2.3bn loss on unauthorised trading activities that were uncovered in September. Read More
Tuesday 04 Oct 2011
In remarks made on Monday the chairman of the Eurogroup of Finance Ministers, Jean Claude Juncker, said the role of the private sector´s involvement in a Greek rescue package is being reexamined. Read More
Tuesday 04 Oct 2011
The US Senate has approved the scheduling of a week of debate on the Currency Exchange Rate Oversight Reform Act of 2011, which, if approved, would allow the US government to slap duties on exports fr... Read More
Monday 03 Oct 2011
The final quarter of the year started no better than the previous one ended, with fears over the Greek debt crisis prompting a wave of selling. Read More
Monday 03 Oct 2011
US construction spending increased by 1.4% monthly (0.9% annual) in August to $799.1 billion, according to the US Commerce Department. Read More
Monday 03 Oct 2011
The Institute for Supply Management manufacturing index rose unexpectedly to 51.6 points in September, from 50.6 in August. Read More
Monday 03 Oct 2011
According to a note by the Goldman Sachs economics team to clients, risks of a recession in the United States are high and rising with the unempoyment rate possibly reaching 12%. Read More
Monday 03 Oct 2011
After a torrid morning session, which saw losses across the board as Greek debt concerns resurfaced, Europe's main markets stabilised at their lower level in the afternoon session. Read More
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