Tag Archives: currencies
Tribune Co., smothered in debt, files for bankruptcy
Northern Star Online – Media conglomerate Tribune Co., smothered by $13 billion in debt and weak prospects for generating cash through advertising, on Monday became the first major newspaper publisher to seek bankruptcy protection since the Internet began siphoning readers […]
European shares climb higher
Reuters – European shares climbed on Friday while most Asian shares fell as investors sought to balance economic worries with a new era of lower interest rates ahead of key U.S. jobs data. Oil dropped briefly below $60 a barrel […]
Treasury, FDIC Said to Consider Guarantees to Stem Foreclosures
Bloomberg – The U.S. Treasury and the Federal Deposit Insurance Corp. are considering a program that may offer about $500 billion in guarantees for troubled mortgages to stem record foreclosures, people familiar with the matter said. The plan, which might […]
Stocks point higher as global shares jump
WBT – U.S. stocks appeared headed for a rebound Tuesday as investors awaited the start of a two-day meeting of the Federal Reserve that is widely expected to bring another reduction in interest rates. The sharp rise in stock market […]
Heyday of hedge funds is over, Citadel’s Ken Griffin predicts
Chicago Tribune – "The key change in the next decade is that policymakers around the world have chosen the winners and losers," Griffin said at a Wednesday panel. "The winners are the banking system." By selecting commercial banks to become […]
Another horrible day for the major markets
The Times of Trenton – Stocks prices fell sharply again yesterday, ending the Standard & Poor’s 500 Index below 1,000 for the first time since 2003 on speculation banks and real-estate companies are running short of money as the credit […]
JGBs jump on safe-haven bids after Lehman collapse
Reuters Tokyo – Japanese government bond futures soared by their daily limit of 3 full points on Tuesday and 10-year yields hit a five-month low on safe-haven buying in the wake of the collapse of Lehman Brothers. Global stock markets […]
Hedge funds expand role as small business lender
Guardian.co.uk – Hedge funds are known for playing many roles on Wall Street, but last-resort lender to small businesses that are turned down by banks is hardly one of them. Yet with the credit crunch pushing many major U.S. banks […]
Dollar near 1-mth high vs euro before US jobs
Forbes – The dollar edged up towards a one-month high against the euro on Friday before monthly U.S. jobs data later in the day, with investors viewing the report as a key hurdle for whether the U.S. currency can sustain […]
Interest Rates Top Swiss DMX Alternative Investment Indice
West Palm Beach (HedgeCo.net)- The DMX, Directional Markets Index, heads the list of investable Alternative Investment Indices provided by Alternative-Index Ltd, with a month-to-date performance of +0.71% and a stellar year-to-date performance of +16.61%. DMX is listed on the Vienna […]
Force of credit crunch made plain as 170 hedge funds crash in three months
Times Online- Hedge funds are continuing to feel the full force of the credit crunch, with 170 funds forced into liquidation during the first quarter, a Chicago research firm reported yesterday. The bleak figures published by Hedge Fund Research (HFR) […]
