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U.S. markets surged in the final hour of trading, as reports surfaced about the man President-elect Barack Obama is considering for the key post of treasury secretary.
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While the rest of the world is facing a financial meltdown, the Iraq Stock Exchange is booming. Investors are seeing gains, especially in the hotel sector.
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Last week’s stock sell-off gave way to a big rally on Monday as countries around the world took steps to ease the financial crisis.
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Wall Street shares rocket 11% as investors welcome fresh efforts by governments to deal with the financial crisis.
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THE world bet solidly on recapitalising ailing banks as the fastest way out of the financial crisis, sending stock markets soaring after their worst week in history.
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HONG KONG (Reuters) - Asian stocks surged, with Japan's Nikkei up more than 13 percent on Tuesday after governments around the world readied plans to take stakes in banks to keep the global financial system from collapsing.
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HONG KONG (AP) -- Asian markets soared for a second day Tuesday, led by a record 14 percent jump in Tokyo, after Wall Street rallied from its worst week ever on optimism that government rescue efforts will heal the crippled global financial system....
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Japanese stocks led an Asian rally, rocketing 14.2 percent as markets heaved a huge sigh of relief at the rescue packages announced in Europe and the U.S.
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The Tokyo market led an Asian rally, rocketing 14.2 percent, and the DJ Euro Stoxx 50 index rose 4.2 percent as markets heaved a huge sigh of relief at the rescue packages announced in Europe and the U.S.
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Asian markets soar after US, Europe move to shore up banks; Tokyo's Nikkei up 14 percent
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The Tokyo market led an Asian rally, rocketing 14.2 percent as markets heaved a huge sigh of relief at the rescue packages announced in Europe and the U.S.
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Asian markets soared for a second day Tuesday, led by a record 14 percent jump in Tokyo, after Wall Street rebounded strongly from its worst week ever.
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HONG KONG -- Asian markets soared for a second day Tuesday, led by a stunning 13 percent jump in Tokyo, after Wall Street rallied from its worst week ever on optimism that government rescue efforts will heal the crippled global financial system.
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LONDON, Oct. 13 -- Stock markets worldwide surged Monday as governments outlined bank rescue plans that in Europe alone amounted to more than $2 trillion.
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Stock markets in Europe and Asia rose strongly Tuesday after Wall Street cheered government attempts to shore up the world’s battered financial system.
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US stocks endured extreme volatility and a late afternoon rally pushed the market sharply higher, led by energy groups even as oil slid below $70 a barrel
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Wall Street bounded higher, extending its streak of volatility as investors, regaining more of their confidence, bought stocks on growing signs that the credit markets are reviving. The Dow Jones industrials rose more than 400 points.
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European stocks opened higher Tuesday after the French government announced details of a plan to pump 10.5 billion euros into the country's six largest banks in exchange for guarantees on lending to households and firms.
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The flow of cash out of the currencies of countries like Brazil, South Korea and even Britain has prompted talk of a rare intervention.
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Japan's Nikkei index closed 7.74% up at the end of trading following a strong rally at Wall Street overnight. The rise was helped by a weaker yen and hopes for an interest rate cut at the end of the week.
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The UK’s FTSE-100 index of leading shares leapt by 8.1% or 316.16 points to 4242.54 yesterday, as interbank lending markets continued to thaw and traders warmed to the prospect of further interest rate cuts around the world.
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Hong Kong stocks rose 716.03 points, or 5.64 percent to 13,418.10 in the first 20 minutes of Thursday's morning session, tracking gains in regional markets' early trade after a half-point interest rate cut by the U.S. Federal Reserve overnight. Hong
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TOKYO, Oct. 30 -- Stocks roared back in Asia on Thursday, as bargain-hunting investors were emboldened by interest-rate cuts in the United States, China and Taiwan, by a sweeping stimulus package in Japan and by a Federal Reserve currency swap with South Korea.
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Major stock indexes shot up more than 10 percent this week, but yields on Treasury bills fell anyway _ suggesting demand is still high for the ultimate safe investment.
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Soon after the presidential elections, the spotlight will cast a harsh glare on the man or woman who will be treasury secretary, an unenviable position considering the economy's disastrous shape.
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If Barack Obama wins, investors are already trying to scope out what industries and companies might be the growth sectors
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Soon after the presidential elections, the spotlight will cast a harsh glare on the man or woman who will be treasury secretary, an unenviable position considering the economy's disastrous shape.
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Investors are already trying to scope out what industries might be growth sectors should Barack Obama win
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The Dow sinks 411 points as investors are rattled by the grim outlook for consumer spending, a further drop in oil prices and the Treasury Department's reversal. More glum news on consumer spending and a reversal in the Treasury Department's plan to buy troubled mortgage-related debt from the country's banks combined to drive the stock market to its third straight loss Wednesday.
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U.S. stocks fell for...
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WASHINGTON (AP) -- The nation's financial picture grew darker Thursday, a day marked by breathtaking numbers: a quarter-trillion-dollar budget deficit for a single month, a half-million new applications for unemployment benefits and a 900-point swing that led Wall Street to its third-biggest point gain ever....
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Wall Street markets swung wildly on Thursday, flirting with new lows before rebounding to close in positive territory.
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U.S. markets swung wildly on Thursday, flirting with new lows before rebounding, with the Dow closing up 552 points.
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President-elect Barack Obama will name Timothy F. Geithner to be his Treasury Secretary, according to a knowledgeable Democrat.
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WASHINGTON -- Why aren't the government bailouts working?
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US shares rise sharply on reports that President-elect Barack Obama has chosen his treasury secretary, reassuring investors.
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