Oil plunges $US3 after record run
News.com.au - The gain rather was because of “speculation, investment funds (purchases), regional tensions and other factors unrelated to supply and demand,” it quoted UAE Energy Minister Mohammad bin Dhaen al-Hamli as saying. The Organisation of Petroleum
US recession is already here, warns Merrill
Daily Telegraph - The US has entered its first full-blown economic recession in 16 years, according to investment bank Merrill Lynch. Get the latest news and analysis of the credit crisis The full financial outlook for 2008 Merrill, itself one of Wall Street’s biggest
Bear Stearns CEO Cayne expected to resign, but remain as chairman
International Herald Tribune - Cayne was expected to be replaced by Bear Stearns President Alan Schwartz, a 57-year-old investment banker respected for his dealmaking savvy. Cayne started notifying Bear Stearns’ board on Sunday that he plans to give up his post but remain as
Introduction to Investing (pdf)
Daily Telegraph - Complex financial jargon can confuse many people into inaction but this plain English guide sets out the fundamental facts you need to get started. Tom Stevenson – whose investment column is a must-read in The Daily Telegraph Business section each
Emerging markets still a good investment
Daily Telegraph - Even if the Nairobi stock market re-opens as planned on Wednesday it will, except for one short session, have been shut for business for almost two weeks. The shut-down gives support to the cynical definition of an emerging market - one you can’t
Taxpayers to foot £16m bill for MPs’ pensions
Financial Times - The government actuary’s lower estimate – reported in the main body of the Commons accounts – uses more optimistic assumptions about stock market investment returns. The FRS17 standard, mandatory in the private sector, was recently applied to
Singapore’s CapitaLand unit to purchase rest of Ascott Group for 1.73 sgd
Forbes - The company, through Somerset Land Pte Ltd and Areca Investment Pte Ltd, currently holds a combined stake of 66.53 percent in Ascott Group. CapitaLand said it intends to take Ascott Group private if its stake exceeds 90 percent at the close of the
Stocks: Playing the 2008 Election
BusinessWeek - As the U.S. Presidential campaign kicks off, Wall Street is watching every primary and caucus result closely, hoping to make money no matter who Americans choose as their next leader. Investment houses are digging deep into each candidate’s policy
Will Foreign Investment Increase?
Donga.com - The European Union Chamber of Commerce in Korea (EUCCK) decided yesterday to give senior director, Jeong Jong-won, the responsibility of leading the Investment Promotion Department, which has been headed by directors. Early this year, the EUCCK
Bear Stearns chief to step down after huge US sub-prime losses
Times On the web - Mr Cayne, 73, is expected to be succeeded by Alan Schwartz, a 57-year-old investment banker and the Bear Stearns president. In August, Bear Stearns removed Warren Spector, the investment bank’s co-president and joint chief operating officer, who
Fuel, rates top business worries
News.com.au - Expectations for future capital investment also softened. On the positive side, hiring expectations were up five points, with 13 per cent of executives anticipating an increase in staff and 10 per cent anticipating a reduction. There were tentative signs
Few have a yen to invest in Japan
Financial Times - Part of the Japanese story in 2007 was related to investors, such as hedge funds, having to prioritise investment choices and picking markets other than Japan because of its relatively low returns. Some investors may already be asking whether changes
Team Telegraph Day 2: Let the real you shine through
Daily Telegraph - Pearls will be your ideal accessory investment this year. Your personality suits the authoritative palette of grey, charcoal, black and navy. Look to Dior, Zara and Autograph at M&S. Girly Goth Those black layers masquerading as clothes look just as
Financial Trends Fund, Inc. Shareholders Approve Investment Advisory
MSN MoneyCentral - COLUMBUS, Ohio, Jan. 7 /PRNewswire-FirstCall/ — Financial Trends Fund, Inc. DHFT announced this day that shareholders approved the investment advisory agreement with Diamond Hill Capital Management, Inc. “We are pleased with the results of last week’s
Construction activity expands in December
News.com.au - The non-residential markets, in particular, are providing a major stimulus to activity, highlighting the considerable backlog of work in infrastructure projects, and the continued strong investment in commercial property,” Mr Pensabene stated. HIA
Fla. lawmakers question investment pool
CNBC - TALLAHASSEE, Fla. (AP) - Baffled lawmakers were given no answers after they demanded Monday to know how the state bureau that invests local government money could have put the funds into mortgage-related securities that later caused a panic
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