Investing & Markets

Asia-Pacific Market Recap: Australian Bonds Decline After RBA Testimony

economicnews.ca     1 hr ago   9 related          

Following comments from RBA governor Glenn Stevens in his semi-annual testimony to parliament, Asia-Pacific fixed income markets are declining and equities are higher with yields on Australian 10-year bonds up 14.4 bps to...                    

S&P, Fitch slash Fannie, Freddie preferreds to junk

reuters.com     6 hrs ago   4 related          

NEW YORK (Reuters) - Standard & Poor's and Fitch Ratings on Sunday cut the ratings on preferred stock of troubled housing finance companies Fannie Mae and Freddie Mac to junk status after dividends were eliminated in a...                    

Taiwan leaders seek to ease economic concerns (AP)

yahoo.com     9 hrs ago   4 related          

By ANNIE HUANG, Associated Press Writer 28 minutes ago TAIPEI, Taiwan - Taiwanese leaders sought to ease mounting complaints about the island's slowing economy on Sunday, the latest in a string of public apologies and...                    

Dollar dips vs euro after Freddie, Fannie bailout

reuters.com     1 hr ago   3 related          

TOKYO (Reuters) - The dollar fell against the euro but climbed on a sliding yen on Monday after the U.S. government seized control of mortgage companies Fannie Mae and Freddie Mac to shore up the U.S. housing market and...                    

ConocoPhillips to pay 9.6 bln dlrs for half share in gas scheme

afp.com     1 hr ago   4 related          

A gas plant in Canada owned by ConocoPhillips which has agreed to pay US$7.95 billion for a stake in firm Origin Energy. US oil giant ConocoPhillips has agreed to pay up to 9.6 billion dollars (7.95 billion US) for a half...                    

Asian stocks soar after Freddie, Fannie bailouts

iht.com     29 mins ago   3 related          

Asian stock markets soared Monday after Washington announced a bailout of mortgage giants Fannie Mae and Freddie Mac — a move that could help bolster a shaky U.S. housing market and renew investor confidence in stock and...                    

The Big Picture for the Week of September 7, 2008

istockanalyst.com     10 hrs ago   1 related          

A few odds and ends to chew on as we get ready for a whole lotta football (football starts here at 6 or 7am so I can take in a game and still have a full day out of the house which maintains marital harmony:->>)A reader...                    

[$$] Silver State Bank Is Closed; McCain's Son Had Served as Director (at The Wall Street Journal...

yahoo.com     2 hrs ago   23 related          

By DAVID ENRICH and DAMIAN PALETTA U.S. state and federal regulators on Friday shut down Silver State Bank, the latest in a series of bank failures. Until recently, the son of Republican nominee Sen. John McCain sat on...                    

Hedge fund Paulson to weigh buying bank stocks: report

reuters.com     4 hrs ago   3 related          

NEW YORK (Reuters) - Paulson & Co, a prominent New York hedge fund, will weigh buying shares or convertible bonds in banks and other financial institutions that need capital, the Financial Times reported on its website on...                    

Washington Mutual Ousts CEO

wsj.com     3 hrs ago   4 related          

By DAN FITZPATRICK and PETER LATTMAN Kerry Killinger, who helped build Washington Mutual Inc. into the nation's largest thrift and then presided over its rapid decline, is being ousted as chief executive, making him the...