HSBC falls 5 percent after price cut

October 23, 2008 on 10:42 pm | In Business News | No Comments

HONG KONG (Reuters) - Shares of HSBC fell more than 5 percent to a five-year low on Friday after Morgan Stanley cut its target price amid a negative outlook for emerging markets growth.

Go here to read the rest:
HSBC falls 5 percent after price cut

Up to 30 percent of hedge funds could close

October 23, 2008 on 10:04 pm | In Business News | No Comments

LONDON (Reuters) - Up to 30 percent of the world’s hedge funds could disappear “in a Darwinian process,” according to the co-chief executive of one of Europe’s biggest, GLG Partners .

Go here to see the original:
Up to 30 percent of hedge funds could close

Asia stocks extend slide on dour outlook

October 23, 2008 on 10:01 pm | In Business News | No Comments

HONG KONG (Reuters) - Asian stocks fell on Friday, led by a 4 percent drop in Japan’s Nikkei, as the global economic slowdown slashed earnings prospects for an array of companies, forcing investors to look to safer government bonds.

Read the rest here:
Asia stocks extend slide on dour outlook

Tech results show resilience but future more gloomy

October 23, 2008 on 8:28 pm | In Business News | No Comments

SAN FRANCISCO (Reuters) - Microsoft and a diverse group of technology companies met or beat Wall Street earnings targets, but uncertain outlooks undermined a short burst of enthusiasm from investors.

See more here:
Tech results show resilience but future more gloomy

Prudential said eyeing more AIG assets

October 23, 2008 on 7:49 pm | In Business News | No Comments

LONDON (Reuters) - Life insurer Prudential is considering bidding for more than just the Asian operations of American International Group , its chief executive told the Financial Times on Friday.

Credit:
Prudential said eyeing more AIG assets

Prudential said eyeing more AIG assets

October 23, 2008 on 7:49 pm | In Business News | No Comments

LONDON (Reuters) - Life insurer Prudential is considering bidding for more than just the Asian operations of American International Group , its chief executive told the Financial Times on Friday.

See more here:
Prudential said eyeing more AIG assets

Stocks surge in late-day rally

October 23, 2008 on 4:44 pm | In Business News | No Comments

NEW YORK (Reuters) - Investors snapped up beaten-down energy shares on Thursday, lifting U.S. stocks in a roller-coaster session and easing the aversion to risk that has been gripping global financial markets, while oil rose in …

Here is the original post:
Stocks surge in late-day rally

Goldman to slash 10 percent of jobs amid slump

October 23, 2008 on 3:57 pm | In Business News | No Comments

LONDON/NEW YORK (Reuters) - Goldman Sachs Group Inc plans to cut 10 percent of its staff, or almost 3,300 jobs, the latest sign the global credit crisis continues to weigh down banks and the economy, sources familiar with the matter said on Thursday.

The rest is here:
Goldman to slash 10 percent of jobs amid slump

Job cuts and carmaker woes deepen fears

October 23, 2008 on 3:07 pm | In Business News | No Comments

NEW YORK/WASHINGTON (Reuters) - Bleak outlooks from world carmakers and more job cuts by major U.S. companies including General Motors and Xerox deepened fears of an extended global recession and sent markets down again on Thursday.

Go here to see the original:
Job cuts and carmaker woes deepen fears

Greenspan “shocked” at credit breakdown

October 23, 2008 on 1:33 pm | In Business News | No Comments

WASHINGTON (Reuters) - Former U.S. Federal Reserve Chairman Alan Greenspan told Congress on Thursday he is “shocked” at the breakdown in U.S. credit markets and said he was “partially” wrong to resist regulation of some securities.

Go here to see the original:
Greenspan “shocked” at credit breakdown

Next Page »

Entries and comments feeds. Valid XHTML and CSS

Copyright Galaxy Visions Group