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Housing data weighs on Wall Street (17 October 06:25) |
| Wall Street stocks were set to resume their punishing decline on Friday after more gloomy data from the housing sector outweighed some relatively upbeat earnings elsewhere. |
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European shares rebound on techs and banks (17 October 04:55) |
| European shares bounced higher on Friday as a rebound in crude prices bolstered oil stocks and investors snapped up technology stocks. |
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Oil climbs on Opec output cut speculation (17 October 04:25) |
| Oil prices climbed back above $70 a barrel on Friday thanks to gains on equity markets and news that exporting countries were bringing forward a meeting that is expected to result in a cut i... |
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Japan shares buck trend with small gains (17 October 04:10) |
| Japanese stocks bucked a regional downward trend on Friday as exporters rose on the back of the weaker yen and defensive stocks made gains. |
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US prepares $250bn banks push (17 October 04:00) |
| Global stock markets staged a historic rally yesterday as European governments pledged a total of €1,873bn ($2,546bn) to shore up their financial sector and the US prepared to unveil its o... |
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Emerging market currencies regain some poise (17 October 03:30) |
| Currency markets took a break on Friday from the turbulence of recent sessions as some semblance of calm returned to global equity markets. |
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Bargain hunting lifts London equities (17 October 01:00) |
| London equity markets regained some ground, bouncing from a five-and-a-half-year low on Friday after overnight gains on Wall Street. |
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Malone eyes up attractive debt purchases (17 October 09:45) |
| John Malone is eyeing the "wild" yields offered by the debt of other media and communications companies, echoing the tactics through which the Liberty Media L chairman built his cable empire... |
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Asian shares stage cautious rebound (17 October 08:20) |
| Japanese stocks rebounded mildly on Friday, following its biggest one-day decline since 1987, as exporters rose on the back of the weaker yen and as defensive stocks rose. |
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Fortress fights to save value of ski resort (17 October 04:35) |
| Fortress Investment Group, a listed alternative investor with $40bn under management, is taking action aimed at keeping two of the companies it owns afloat, according to people familiar with... |
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Semper's success defies the doldrums (17 October 03:45) |
| In a month of almost unmitigated gloom for hedge funds, Christian Siva-Jothy, the former Goldman Sachs star trader, produced his best returns ever. |
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Hedge funds in grip of vicious selling cycle (17 October 03:31) |
| Troubles mounted for some of the world's biggest hedge funds on Thursday as Highland Capital Management told investors it was shutting down two of its funds and details emerged of big losses... |
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Commodity bulls stranded as recession looms large (17 October 03:30) |
| As recently as three months ago, key raw materials such as crude oil and copper hit record highs on the belief that China and other emerging countries would 'decouple' from the industrialise... |
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Interbank lending rates start to ease (17 October 02:35) |
| Concerted efforts by governments around the world to unfreeze the short-term credit markets are beginning to bear fruit, key rates and data showed on Thursday. |
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Wall Street stocks soar in late trade (17 October 02:35) |
| US stocks endured extreme volatility on Thursday and a late afternoon rally pushed the market sharply higher, led by energy groups even as oil slid below $70 a barrel. |
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Overview: Overview: US equities buck worldwide trend with late rally (17 October 02:10) |
| US stocks staged a late rally on Thursday while equity markets elsewhere continued to beat a retreat and commodity prices weakened further amid continuing volatility. |
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Google shares soar on advertising hopes (17 October 02:10) |
| Google GOOG's share price soared late on Thursday, rallying 25 per cent from its low point of the day, as the internet search company's latest quarterly earnings proved resistant to the wide... |
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Wall St stocks soar in late trade (17 October 02:00) |
| US stocks rallied in late trade to end the day sharply higher. The movement followed stocks' worst sell-off since 1987 on Wednesday. |
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Wall St swings higher despite weak data (17 October 01:35) |
| US stocks endured extreme volatility on Thursday as investors weighed downbeat economic and earnings data with signs that historic levels of strain in money markets had begun to ease. |
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Modelo attempts to derail InBev Anheuser deal (17 October 01:30) |
| Grupo Modelo, the Mexican brewer, made good on its threat to request arbitration over a $52bn deal for its part-owner Anheuser-Busch BUD to be acquired by InBev, but InBev and Anheuser expec... |
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FTSE hits 5-year low (17 October 01:30) |
| Insurance stocks were among the biggest fallers as the FTSE 100 saw another sharp decline on the way to recording its worst two-day performance since the stock market crash of 1987. |
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CIC set to boost stake in Blackstone (17 October 01:25) |
| China's sovereign wealth fund, China Investment Corp, is planning to increase its stake in Blackstone Group from 9.9 per cent to 12.5 per cent, according to a US regulatory filing. |
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European slide deepens on growth fears (17 October 12:50) |
| European shares dived for a second consecutive session as fears of a sharp slowdown in global growth erased almost all of the week's early gains. |
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US oil falls below $70 a barrel (17 October 12:40) |
| A leading index of commodities prices fell to a four-year low, with crude oil in New York dropping below $70 a barrel amid mounting fears that the global economy was heading into a recession... |
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Citi and Merrill warn of US contraction (17 October 12:30) |
| Citigroup C and Merrill Lynch warned of growing economic problems in the US on Thursday as they revealed a total of $8bn in losses during the third quarter. |
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New hotel pipeline will slow, says IHG (17 October 12:25) |
| InterContinental Hotels Group's pipeline of new developments will be hit by the global economic downturn, its chief executive has warned, though rivals would find life tougher still. |
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Citi to seek acquisition deals (17 October 12:20) |
| Citigroup C intends to use the harsh climate in the financial markets to seek out opportunistic acquisitions, according to Gary Crittenden, chief financial officer. The plan stands in spite ... |
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Southwest reports first loss in 17 years (16 October 11:50) |
| Southwest Airlines LUV, whose hedges against rising oil prices have helped stave off losses, saw its 17-year streak of profitability end after a stunning reversal in commodity prices forced ... |
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M&A deals hit by caution (16 October 10:40) |
| In M&A, there has never been a more apt time for Patrick Bateman's slip of the tongue in American Psycho. The character says he works in Murders & Executions. |
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Wall St volatile after manufacturing data (16 October 10:25) |
| US stocks swung widely between positive and negative territory after industrial production data showed a fall of 2.8 per cent, the biggest since 1974. The movement followed stocks' worst sel... |
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Swedish krona falls on Baltic exposure (16 October 10:10) |
| The Swedish krona dropped to a record low against the euro on Thursday amid increasing concerns over the country's financial sector. |
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Currencies in emerging markets suffer (16 October 09:55) |
| A growing realisation that global financial turmoil threaten developed and developing economies has provoked an eruption of volatility in emerging market currencies. |
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Hong Kong celebrates 25 years of US dollar peg (16 October 09:45) |
| Those emerging market countries whose currencies have been battered of late by the financial maelstrom may be looking with some envy at Hong Kong. |
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Equities tumble on fresh recession fears (16 October 08:50) |
| A slump in monthly US industrial production figures on Thursday sparked renewed fears that the global economy could be heading for a prolonged recession and led to sharp falls for equity and... |
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Wall Street falls after manufacturing data (16 October 08:40) |
| US stocks fell in volatile trading on Thursday morning after industrial production data showed a fall of 2.8 per cent, the biggest since 1974. Declines follow stocks' worst sell-off since 19... |
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Baltic Dry index at lowest since 2002 (16 October 08:00) |
| The cost of shipping bulk commodities such as iron ore, coal or grains on Thursday tumbled to its lowest level in more than six years as recession fears intensified and the difficulty of obt... |
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Wall St shaky after inflation report (16 October 07:45) |
| Wall Street stocks were mixed in volatile early trade as the US consumer prices report showed that economic slowdown eased inflation pressures and after further quarterly losses at Citigroup... |
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Citi and Merrill report heavy losses (16 October 07:05) |
| Citigroup C lost $2.8bn in the third quarter after a sharp decline in revenues while Merrill Lynch, which is being taken over by Bank of America BAC, reported a bigger-than-expected net loss... |
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Wall Street brases for volatile session (16 October 06:30) |
| Wall Street was braced for another volatile session on Thursday following stocks' worst sell-off since 1987 as investors weighed concerns of recession with signs that the historic levels of ... |
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London stocks fall as miners and oil hit (16 October 06:00) |
| London shares were off their worst by early afternoon on Thursday, but miners and oil stocks remained under pressure over fears that demand would be hurt by a prolonged economic downturn. |
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Global equity market sell-off deepens (16 October 05:20) |
| Equity markets in London and Europe suffered more losses on Thursday following major falls in the US and across Asia as the economic gloom deepened. |
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Europe equity slide deepens on growth fears (16 October 04:20) |
| Equity markets in London and Europe endured further heavy selling on Thursday following major losses in the US and across Asia as the economic gloom deepened. |
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US oil prices nearing $70 a barrel (16 October 03:55) |
| Commodities prices on Thursday extended their losses, with crude oil in New York approaching the $70 a barrel level, amid mounting fears that recent government and central bank actions to un... |
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Emerging market currency volatility erupts (16 October 03:20) |
| The South Korean won and the Turkish lira were the main casualties on Thursday as the turmoil on financial markets deepened, provoking violent price swings in emerging market currencies. |
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Global equity market sell off deepens (16 October 02:00) |
| Equity markets in London and Europe endured further heavy selling on Thursday following major losses in the US and across Asia as the economic gloom deepened. |
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Asia shares suffer as recession doubts return (16 October 08:40) |
| Asia-Pacific equities followed Wall Street and European stocks steeply lower as worries about a global recession intensified amid deteriorating economic data. |
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Asian stocks slide as recession looms (16 October 08:10) |
| Asia-Pacific equities followed Wall Street and European stocks steeply lower as worries about a global recession intensified amid deteriorating economic data. |
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Cuomo probes 'outrageous' spending at AIG (16 October 05:55) |
| Andrew Cuomo, the New York attorney-general, on Wednesday said he was investigating "unwarranted and outrageous expenditures" by AIG, the stricken insurer who was rescued by the US governmen... |
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The Short View: Stocks slip on oil slick (16 October 04:30) |
| We can forget about Monday. The S&P 500 opened the week with its biggest daily percentage gain since the Depression, but on Wednesday it had its biggest fall since Black Monday in October 19... |
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EDF drops Constellation offer (16 October 03:55) |
| EDF abandoned plans to bid for Constellation Energy CEG in an attempt to wrest the US utility away from current acquirer Warren Buffett, blaming its decision to walk away on the rough credit... |
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