Stock Markets
Stock MarketsSociete Generale uncovers massive fraud
PARIS - In what appears to be the largest trading fraud ever carried out by a single person, a young trader at French bank Societe Generale is accused of making unauthorized bets on stock markets that cost the bank nearly $7.2 billion but may not ha...
Author:EMMA VANDOREDate:03/25/14Click:7669 Full Story »
Stock MarketsGold, platinum hit record peaks
LONDON (AFP) - Gold and platinum prices struck fresh record highs on Friday as investors rushed once more to invest in commodities amid a recovery on global stock markets, analysts said. On the London Bullion Market, gold surged to an historic 919.8...
Author:UnknownDate:03/25/14Click:7669 Full Story »
Stock MarketsEuropean shares extend rally at open
LONDON (AFP) - Europe's main stock markets continued their recovery in early trading on Friday following steep losses earlier in the week caused by fears of a US recession. London's FTSE 100 index of leading shares jumped 1.35 percent to reach 5,95...
Author:UnknownDate:03/25/14Click:7669 Full Story »
Stock MarketsNikkei stock index jumps 4.1 percent
TOKYO - Japan's benchmark stock index jumped more than 4 percent Friday as traders bought exporter issues on a stronger dollar following reports of a U.S. economic stimulus plan. The benchmark Nikkei rose 536.38 points, or 4.10 percent, to close at...
Author:UnknownDate:03/25/14Click:7669 Full Story »
Stock MarketsGlobal shares recover as questions increase
LONDON (AFP) - Stock markets rose further Friday on the growing view that fraud-linked billion-dollar losses at Societe Generale may have contributed to panic-selling earlier this week and bounced the US central bank into a radical rate cut. Societe...
Author:UnknownDate:03/25/14Click:7669 Full Story »
Stock MarketsGlobal markets rally to end rough week
LONDON - European and Asian markets rallied Friday near the end of a tumultuous trading week as investors took heart from Wall's Street's gains overnight and positive U.S. labor market data. Investors welcomed details of a tax rebate for American c...
Author:TOBY ANDERSONDate:03/25/14Click:7670 Full Story »
Stock MarketsWall Street set to extend rebound
US stocks were expected to rise for the third consecutive session on Friday, repairing more of the damage inflicted in January. A bullish outlook from Microsoft and other upbeat earnings from Caterpillar (NYSE:CAT) and Honeywell (NYSE:HON) helped se...
Author:Michael MackenzieDate:03/25/14Click:7669 Full Story »
Stock MarketsAuto stocks send bourses higher
European equities rose on Friday, with recently battered carmakers and technology stocks leading the advance after the US passed measures to stimulate the world's biggest economy. The FTSE Eurofirst 300 was up 1.5 per cent to 1,349.88, Frankfurt's X...
Author:Neil DennisDate:03/25/14Click:7669 Full Story »
Stock MarketsWall Street extends rebound
US stocks were trading higher for the third consecutive session on Friday, repairing more of the damage inflicted in January, and were on course for their first weekly rise this year. A bullish outlook from Microsoft and other upbeat earnings from C...
Author:Michael MackenzieDate:03/25/14Click:7672 Full Story »
Stock MarketsFTSE loses gains as Wall St stalls
London equities closed with small losses on Friday, after a lacklustre morning on Wall Street took the shine off the market. Housebuilders were drawn into the late sell-off on renewed concern about the prospects for UK home sales and the recovery in...
Author:Michael Hunter & NeiDate:03/25/14Click:7669 Full Story »
Stock MarketsBourses end flat as US equities lose gains
European equities were little changed on Friday, coming off intraday gains as Wall Street indices lost momentum. Banking stocks fell as investors continued to mull over the implications of the fraudulent activities of Socit Gnrale trader Jrme Kervie...
Author:Neil Dennis & MichaeDate:03/25/14Click:7669 Full Story »
Stock MarketsInvestors urged not to panic but to buy on falls
Investors are being urged to look to the long term - and to buy on weakness rather than panic sell - after a week of high drama in stock markets. A 5.5 per cent fall in the FTSE 100 index on Monday - the biggest drop for the UK since the 9/11 terror...
Author:Steve LodgeDate:03/25/14Click:7669 Full Story »
Stock MarketsOil prices shoot above 90 dollars
LONDON (AFP) - The price of oil jumped back above 90 dollars on Friday, helped by a recovery in global stock markets on the back of plans for a stimulus package to prevent the US economy falling into recession, traders said. New York's main contract...
Author:UnknownDate:03/25/14Click:7670 Full Story »
Stock MarketsThe start of the great unwinding
This is hyperfinance. In the space of five frenetic days, stock markets have plunged and recovered; the US Federal Reserve has cut interest rates to 3.5 per cent; so-called monoline insurers, revealed as a small but vital valve in the financial mach...
Author:UnknownDate:03/25/14Click:7669 Full Story »
Stock MarketsRegulators may force banks into greater disclosure
Banks that produce complex and illiquid derivative products that have been at the heart of the credit squeeze might be forced to provide more information about their products on public stock exchanges. Leaders of NYSE Euronext, the US-European excha...
Author:John GapperDate:03/25/14Click:7670 Full Story »
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