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Category Archives: Stocks
AIG to be bailed out by US Fed again
American International Group Inc (AIG) will receive almost $30bn in additional federal assistance in the fourth chapter in the government rescue of the company. The new cash injection is intended to save the struggling insurers – once the world’s largest … Continue reading
UK to reduce VAT (Sales tax) to 15%
UK Chancellor of the Exchequer (Treasury Secretary) Alistair Darling is expected to reduce British sales tax or VAT from 17.5% to 15% in a move aimed at stimulating the faltering Uk economy. UK Prime Minister Gordon Brown will try to kickstart … Continue reading
Posted in Business, Danger, Economy, Ireland, Politics, Stocks, United Kingdom
Tagged Alistair Darling, British tax, Chancellor of the Exchequer, economic stimulus, Economy, Gordon Brown, Gordon Browne, Ireland, recession, sales tax UK, stimulus, UK, Uk tax, United Kingdom of Great Britain & Northern Ireland, United Kingdom of Great Britain and Northern Ireland, VAT
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Google take on Digg
Google have today launched a rating system similar to Digg. when logged into a google account you can now customize your search results so that your favorite results on frequently serached topics can be forced to the top of the serach rankings. … Continue reading
Posted in Business, Stocks
Tagged anti-spam, Digg, Google, google wiki, Spam control
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Citigroup (citibank) to go bust next?
Citigroup Inc lost more than 25% of its market value on Thursday amid growingfears over whether it has enough cash to withstand the billions of dollars of expected losses. The second-largest U.S. bank by assets is looking at its options … Continue reading
Posted in Business, Danger, Economy, Stocks, USA
Tagged banking crisis, bankrupt, bankruptcy, cash shortage, cash shortfall, citi, Citibank, Citigroup, Credit Crunch, stocks and shares
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Oil below $50 for first time in more than 3 years
Oil prices sank under $50 a barrel in London this afternoon, reaching the lowest levels for three and a half years, as the market reacted to weak energy demand. Brent North Sea crude for delivery in January tumbled to
Posted in Business, Climate Change, Danger, Economy, Politics, Stocks, Travel, United Kingdom, USA
Tagged brent crude oil, brent crude price, brent north sea crude, oil demand, oil price, peak oil, peak oil my ass
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Rolls-Royce to cut 2,000 jobs
Rolls-Royce plans to cut up to 2,000 jobs globally after reviewing the impact of the current economic “uncertainties”, the aerospace giant announced today. Approximately 140 of the job cuts will come in the UK. The firm said it had started … Continue reading
Posted in Business, Danger, Economy, Stocks, United Kingdom
Tagged Rolls, rolls royce, rollsroyce, UK economy, unemployment, unemployment in UK
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McGraw-Hill, Standard & Poor’s and Moody’s to be investigated
In yet another twist in the financial crisis, A U.S. Senate subcommittee is focusing on whether bond-ratings firms, driven by conflicts of interest, boosted mortgage investments which have since collapsed according to an article in this morning’s Wall Street Journal. The … Continue reading
Posted in Business, Danger, Economy, Politics, Stocks, USA
Tagged banking crisis, credit crisis, Credit Crunch, McGraw Hill, Moody's. Moodys, mortgage assets, S&P, Senate's Permanent Subcommittee on Investigation, Standard & Poor's, Standard and Poor's, toxic assets, Wall Street, Wall Street journal, WSJ
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Ford to Sell 20% of stake in Mazda
As the cash crisis worsens in Detroit, Ford Motor company announced this morning that they are about to sell a 20% stake in Japan’s Mazda Motor Corp (Mazda). Mazda Chief Executive Hisakazu Imaki, said this morning that it would announce “major-shareholder changes” … Continue reading
Posted in Business, Danger, Economy, Stocks, USA
Tagged automaker cash crisis, automaker crisis, cash crisis, detroit, ford, GM, mazda
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Citigroup-Citibank to announce a 50000 cut in jobs
According to CNBC this morning, Citigroup Inc CEO Vikram Pandit will announce job cuts of up to 50,000 heads. The main points of the announcement
Posted in Business, Danger, Economy, Ireland, Stocks, USA
Tagged Citibank, citibank dublin, Citibank ifsc, Citigroup, citigroup inc, credit crisis, Credit Crunch, financials, IFSC, Pandit, risky assets, toxic assets, unemployment, Vikram Pandit
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Bank crisis and credit crunch to cost $2.8 trillion according to Bank of England
$2800000000000 that is how much the credit crunch is going to cost the world economy according to the Bankof England. The estimate, contained in a speech by Sir John Gieve, deputy governer of the UK’s sovereign bank is as a result … Continue reading
Credit crisis eases but not going away
TheCEO of Merrill Lynch & Co expects emergency measures by U.S. and international authorities designed to unfreeze lending to succeed, but said more pain awaited the financial sector. Banks will need to
Posted in Business, Danger, Economy, Stocks, USA
Tagged Banks, credit crisis, Credit Crunch, financial markets, Merrill Lynch
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Stocks tumble across europe
Stock markets across europe have nosedived on opening this morning. At 9:15 BST the FTSE is down almost 7% and the Dax is down 6%
Turmoil on financial markets again
©Reuters – Asian stocks plunged on Friday, with Japan’s Nikkei down more than 10 percent, while the yen and U.S. Treasury debt prices rose, as panic set in after
Posted in Business, Danger, Economy, Politics, Stocks, USA
Tagged armaggedon, Asia, bankruptcy, Banks, Credit Crunch, credit markets, Dow, Dow Jones, Europe, financial crisis, financial markets, Friday's bad news, government, NYSE, stock-markets
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Global interest rate cut
Some of the major central banks around the world have today cut interest rates in an effort to dampen the fires that have taken hold in global financial markets. The ECB, the US Fed and the Bank of England have … Continue reading
Posted in Business, Economy, Stocks, USA
Tagged Bank of England, banking crisis, Dollar, ECB, Euro, European central bank, Fed, interest rates, NYSE, pound, Sterling, Travel, US fed, Wall Street
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