Europe Rights Issues Lift Stock Supply, Share Prices
Feb. 16 (Bloomberg)—The amount of stocks in Europe is increasing for the first time since 2005 as the financial crisis forces companies to raise new money from shareholders. If history is a guide, higher prices for equities will follow.
Citigroup: Gold $2000 in 2009
Gold is poised for a dramatic surge and could blast through $2,000 an ounce by the end of next year as central banks flood the world’s monetary system with liquidity, according to an internal client note from the US bank Citigroup.
Shipping Cost Plunge To 22-Year Low
The cost of shipping dry bulk commodities such as iron ore, coal and grains plunged to its lowest in nearly 22 years on Wednesday, as demand for raw materials in China and the rest of the world continued to tumble amid the economic crisis. More….
China Slashes Key Lending Rate to Support Economy
Nov. 26 (Bloomberg)—China’s central bank slashed its key lending rate by the most in 11 years, giving support to a 4 trillion yuan ($586 billion) spending plan aimed at sustaining growth in the world’s fourth-largest economy. More..
*MF GLOBAL REPORTS $141.5M LOS…
*MF GLOBAL REPORTS $141.5M LOSS ON ROGUE WHEAT TRADE
*FREDDIE MAC 4Q LOSS $2.5 BILL…
*FREDDIE MAC 4Q LOSS $2.5 BILLION, $3.97-SHARE
*SPRINT NEXTEL 4Q LOSS $29.5 B…
*SPRINT NEXTEL 4Q LOSS $29.5 BLN INCL $29.7 BLN IMPAIRMENT *ELIMINATES QUARTERLY DIVIDEND *BORROWED $2.5 BLN YESTERDAY UNDER CREDIT LINE
*IBM TO BUY BACK UP TO $15 BIL…
*IBM TO BUY BACK UP TO $15 BILLION IN SHARES
*U.S. FEB. CONSUMER CONFIDENCE…
*U.S. FEB. CONSUMER CONFIDENCE INDEX FALLS TO 75.0, VERSUS 82.0 EXPECTED
* MBIA’s AAA FINANCIAL STRENG…
MBIA’s AAA FINANCIAL STRENGTH RATING OFF CREDIT WATCH BY S&P
