Archive for October, 2008

World stocks higher ahead of Fed rate decision (AP)

Traders watch terminals as Japan's Nikkei 225 stock index shoots up over 7 percent in early trade Wednesday, Oct. 29, 2008, after big gains overnight in the U.S. The benchmark index rises 540.82 points to 8,162.74 after about an hour of trading. (AP Photo/Katsumi Kasahara)AP - European stock markets closed mostly higher Wednesday on expectations of interest rate cuts around the world starting with the U.S. Federal Reserve, while U.S. stocks were up for the second day running.

AP

Posted by
Comments Off

Hungarian markets cheer bailout but PM warns of tough times ahead (AFP)

Hungarian Prime Minister Ferenc Gyurcsany attends the 52th anniversary of the 1956 uprising against the Stalinist government at Kossuth Square in Budapest last week. The Hungarian forint and stock market have rallied strongly after the IMF, the EU and the World Bank threw the economy a $25.1bln lifeline.(AFP/File/Ferenc Isza)AFP - The Hungarian forint and stock market rallied strongly Wednesday after the IMF, the EU and the World Bank threw the economy a 20 billion euros lifeline but Prime Minister Ferenc Gyrucsany warned of tough times ahead.

AFP

Posted by
Comments Off

Porsche says will settle hedged VW shares (AP)

AP - Porsche moved Wednesday to put a brake on volatility in Volkswagen shares by selling some options and Germany's financial regulator announced a formal investigation into Volkswagen's recent stratospheric stock gains.

AP

Posted by
Comments Off

European stocks higher ahead of Fed rate decision (AP)

Traders watch terminals as Japan's Nikkei 225 stock index shoots up over 7 percent in early trade Wednesday, Oct. 29, 2008, after big gains overnight in the U.S. The benchmark index rises 540.82 points to 8,162.74 after about an hour of trading. (AP Photo/Katsumi Kasahara)AP - European stock markets traded mostly higher Wednesday on expectations of possible interest rate cuts in the U.S. and Japan, while U.S. stocks opened lower as some investors took profits on Tuesday's huge gains.

AP

Posted by
Comments Off

EU to double aid for troubled member states (AFP)

EC President Jose Manuel Barroso and EU economic and monetary affairs commissioner Joaquim Almunia. The European Commission aims to double the maximum EU aid available to non-euro member states facing economic trouble to 25bln euros, Almunia has said.(AFP/Dominique Faget)AFP - The European Commission aims to double the maximum EU aid available to non-euro member states facing economic trouble to 25 billion euros, EU Economic Affairs Commissioner Joaquin Almunia said.

AFP

Posted by
Comments Off



Page 10 of 21« First...8910111220...Last »
  • World leaders head for crisis summit as economies slide (Reuters)