Monthly Archives:  August 2011

  • Market News

    Full Story | 10th August 2011
    European Markets European markets are called to open higher after the strong rebound in US markets. Asian Markets Asian markets rally following the US markets. Asian stocks climbed for the first time in seven days, .
  • HSBC to Reap $2.4B Gain on U.S. Card Division

    Full Story | 10th August 2011
    HSBC Holdings Plc (HSBA), Europe’s biggest bank, will reap a $2.4 billion after-tax gain from the sale of its U.S. credit card division to Capital One Financial Corp. (COF) as the lender focuses on growth .
  • Germany Opposes Larger Rescue Fund

    Full Story | 9th August 2011
    BERLIN—Barely 12 hours after a reluctant European Central Bank breathed new life into the euro project, German politics dashed hopes that Europe would soon receive a bigger bulwark against a spreading government-debt crisis. A spokesman .
  • Wall Street rebounds in volatile trading

    Full Story | 9th August 2011
    Stocks briefly lost their gains after the open on Tuesday, before turning sharply higher in what is expected to be a volatile session. Following Wall Street’ nosedive on Monday, nervous investors awaited a statement from .
  • Market News

    Full Story | 9th August 2011
    European Markets European markets are called to open flowing Asian and the US which continued selling off on concern of growth faltering and S&P cutting the rating on US debt. Asian Markets Asian markets continue .
  • US Federal Reserve May Boost Stimulus Pledge

    Full Story | 9th August 2011
    Federal Reserve officials may strengthen their commitment to record monetary stimulus as soon as today after a faltering economic recovery and a U.S. credit-rating cut provoked a rout in global stocks. By a 52 percent .
  • Market News

    Full Story | 8th August 2011
    European Markets European markets are called to open lower after S&P cut the US credit rating from AAA to AA+. Asian Markets AAA credit rating. Gold jumped to a record and the Swiss franc climbed .