Stock Market Forum News
- Investors Spooked By Trade Halts Thursday, November 20, 2008 @ 3:29PMMOSCOW — Since early September, Russia’s MICEX exchange has experienced multiple one-day percentage drops in the double digits and lost almost 60 percent of its value. What MICEX chief financial officer Alexei Rybnikov said is really scaring investors, however, is the erratic halts to trading.
- Experts see upside to down economy Thursday, November 20, 2008 @ 2:49PMThe chief investment officer of UMB Financial Corp’s Asset Management division said Thursday at a talk in Denver that positive side effects will emerge from an economic slowdown that he characterized as a “recession.”
- SEBI has no plans to stop short selling: Bhave Thursday, November 20, 2008 @ 12:51PM“One of the things SEBI has found is that FIIs were purchasing as well as selling so it is not as if they were only sellers. But on a net basis, they are sellers.”
- Experts see upside to down economy Thursday, November 20, 2008 @ 12:13PMThe chief investment officer of UMB Financial Corp’s Asset Management division said Thursday that positive side effects will emerge from an economic slowdown that he characterized as a “recession.”
- Malaysia may relook short selling Thursday, November 20, 2008 @ 12:06PMMUMBAI: Malaysia may refine rules that govern the regulated short selling of shares, making it a more useful hedging tool for investors, Securities Commission (SC) chairman Datuk Seri Zarinah Anwar said.
- Alwaleed Buys Citigroup Stock as Loss Exceeds Buffett (Update1) Thursday, November 20, 2008 @ 7:16AMNov. 20 (Bloomberg) -- The Warren Buffett of the Gulf is taking a bigger hit from the credit crunch than the original. Prince Alwaleed bin Talal was lauded by Time magazine as the Middle East’s answer to the Sage of Omaha after a 1991 investment in Citigroup Inc.’s predecessor helped make the Saudi billionaire one of the world’s five richest people.
- Perella Says Market Pain Could Get Worse Thursday, November 20, 2008 @ 6:22AMA day before the Dow Jones industrial average fell below 8,000, Mr. Perella gave his take on the bear market, and it wasn’t particularly optimistic.
- BUSINESS IN BRIEF 20/11 Thursday, November 20, 2008 @ 4:41AMThe State Bank of Vietnam (SBV) made an announcement on Nov. 19, stating that it is to apply international competitive bidding procedures for goods contracts for its Financial Sector Modernisation and Information Management System (FSMIMS) project.
- Dubai sets up crisis panel, 100 more lose jobs Thursday, November 20, 2008 @ 4:25AMDubai, Nov 20 : The Dubai government has set up a new committee to assess the impact of the global financial crisis on the emirate’s economy, a senior official said.
- USD Forum: Obama Inspires International Hope Thursday, November 20, 2008 @ 3:44AMVERMILLION — The world has shown a wave of excitement for President-elect Barack Obama, according to three foreign-born University of South Dakota staff members.
- Zambia: FRA Ready to Offload Maize Thursday, November 20, 2008 @ 3:20AMTHE Food Reserve Agency (FRA) is ready to offload more than 100,000 tonnes of maize onto the market to bring down mealie meal prices immediately the Government directs it to do so, board chairman, Costain Chilala has said.
- Global financial community turns towards Middle East Thursday, November 20, 2008 @ 2:14AMGlobal financial community turns towards Middle East
- Tighten belts, spend locally, banker says Thursday, November 20, 2008 @ 1:50AMBy Julie Lynem -- A top state banking official Wednesday reiterated what others have said about the nation’s economy — that the next 18 months to two years will require considerable belt-tightening, “and it’s going to hurt.’ And as the recovery occurs, the stock market will have to “come back to reality’ and housing prices will have to return to a level that’s compatible with what people ...
- From Munkácsy to Warhol at Budapest Fine Art Fair Wednesday, November 19, 2008 @ 10:39PMBUDAPEST.-
- Bursa to tap Turkey, Mideast capital marts Wednesday, November 19, 2008 @ 1:48PMBURSA Malaysia Bhd ( 1818 ) is talking with the Turkish and Middle Eastern stock exchanges to help them develop their Islamic capital markets, said its chief executive officer Datuk Yusli Mohamed Yusoff.
- Mind Rot Wednesday, November 19, 2008 @ 1:20PMIn ancient cultures, adolescent boys were required to undergo a transformation into manhood. Young boys embarked on a quest, were left isolated in the wild or buried alive. Returning victorious or dug up still sane, they were considered reborn, leaving their childish ways behind, becoming a warrior.
- Back-Office Bright Spot at Economic Summit Wednesday, November 19, 2008 @ 10:40AMPanelists at the TM Forum’s Management World Conference this week agreed the economy will get worse before it gets better. They also agreed it is no time to stop investing in the network.
- Hot Forum Topic - Picking the Big Players in the Tech Stock World Wednesday, November 19, 2008 @ 10:12AMToday TMO readers are talking about which tech company stocks best represent the market, and whether or not Apple has a place on that list
- Westwood One to Stop Trading on NYSE Tuesday, November 18, 2008 @ 4:48PMWestwood One will stop trading on the New York Stock Exchange beginning Monday, Nov. 24.
- Women in crisis Tuesday, November 18, 2008 @ 4:12PMThere have been some amusing articles in the foreign press and on the Internet about how the current global crisis is driven by testosterone and male egos.
- India-Malaysia Capital Market Forum to be held at Mumbai Tuesday, November 18, 2008 @ 4:00PMMumbai, Nov 18 (UNI) A one-day India-Malaysia Capital Market Forum, jointly organized by Securities and Exchange Board of India (SEBI) and Securities Commission, Malaysia, will be held on November 20 here to raise awareness of the regulatory structures and market development, besides investment opportunities in both the capital markets.
- SC okays licence for India, Kuwait fund managers Tuesday, November 18, 2008 @ 1:07PMTWO more foreign Islamic fund managers have obtained licences to operate in Malaysia as the country gears up to be a global centre for Islamic fund management activities, says Deputy Prime Minister Datuk Seri Najib Tun Razak.
- AlwaysOn & Forbes Magazine to Co-Present BreakOut: Where Artist Go Digital Landmark Conference in Beverly Hills ... Tuesday, November 18, 2008 @ 12:55PM SAN FRANCISCO----AlwaysOn today announced its initial line-up of celebrity panelists who will present at their next Digital Media and Entertainment conference – BreakOut: Where Artists Go Digital, set to occur December 15 -17, 2008 at the Beverly Hills Hotel & Bungalows in Beverly Hills, California.
- (AFX UK Focus) 2008-11-18 18:30 COLUMN-New economies want power before paying:Paul Taylor Tuesday, November 18, 2008 @ 12:34PMBy Paul Taylor
- China Considering Auto Market Bailout Plan Tuesday, November 18, 2008 @ 12:19PMShanghai, November 18, 2008: (Gasgoo.com) The auto industry in China is hopeful of getting help from the central government, which last week unveiled a large stimulus package focused on stock market, the real estate and fixed assets investment, Beijing News said yesterday.
- COLUMN-New economies want power before paying:Paul Taylor Tuesday, November 18, 2008 @ 12:15PM(Paul Taylor is a Reuters columnist, the views expressed are his own)
- Amid Global Crisis, Citigroup Plans to Trim 50,000 More Jobs Monday, November 17, 2008 @ 2:05PMBanking giant Citigroup Inc. announced Monday that it plans to trim about 50,000 more jobs as it struggles to steady itself after suffering massive losses from deteriorating debt. Tonight on the NewsHour, Jeffrey Brown and guests discuss the drastic move.
- (AFX UK Focus) 2008-11-17 17:00 SNAPSHOT - Financial Crisis - 1645 GMT Monday, November 17, 2008 @ 11:23AMBusiness finance and city news online from Interactive Investor, a leading financial news service. Information on currency market news and financial headlines
- Sage MAS Online Community Connects Customers, Business Partners and Sage Experts Monday, November 17, 2008 @ 10:51AM Sage North America announced today the launch of the Sage MAS Online Community, a new resource for Sage MAS users, business partners and developers to connect, exchange ideas and share insights on Sage MAS solutions.
- Citigroup to cut another 53,000 jobs Monday, November 17, 2008 @ 9:44AMNEW YORK (AP) -- Citigroup Inc. is cutting approximately 53,000 more jobs in the coming quarters as the banking giant struggles to steady itself after suffering massive losses from deteriorating debt.
- CHDT Corp. to Participate at the Private Equity Forum on November 20, 2008 Monday, November 17, 2008 @ 9:11AM CHDT Corp., a Florida corporation (OTC.BB: CHDO), and a management company with operating subsidiaries focused on designing and manufacturing consumer products for the North American retail market, will begin a strategic institutional investor relations and financial communications program.
- The Crisis Sunday, November 16, 2008 @ 4:02PM: Investors Tell State To Seize The Day Corporate governance is on a wish list of reforms that foreign investors said the government should tackle as Russia is buffeted by the global financial crisis.
- Dirty money finding its way into banking, financial sector Sunday, November 16, 2008 @ 3:13PMWith India going all out to find capital for its liquidity-starved economy, Gujarat chief minister Narendra Modi on Sunday cautioned the Centre against letting "dirty money" find its way into the banking and financial sector.
- Huge problems but subdued expectations Sunday, November 16, 2008 @ 1:52PMIndia’s viewpoint, articulated by the Finance Minister on the eve of the meeting, encompassed three inter-related areas
- Everyone owns a piece of the pie Sunday, November 16, 2008 @ 9:17AMLots of bosses profess to believe in their workers. David Ulrich trusted his enough to make them owners.
- ICICI, Bajaj Say India Must Reduce Rates, Tax to Protect Growth Sunday, November 16, 2008 @ 6:43AMNov. 16 (Bloomberg) -- India needs to further cut interest rates and lower taxes to help shield the economy from a global slowdown, business leaders said.
- Econ summit opens: Big ideas, modest action seen Friday, November 14, 2008 @ 9:30PMWASHINGTON (AP) - World leaders launched extraordinary summit talks on the global economic crisis Friday, preparing to adopt a modest action plan that leans more on the U.S. approach of boosting oversight of shaky financial markets than the European desire to increase regulation.
- G-20 to Back Stimulus, Smooth Over Differences on Regulation Friday, November 14, 2008 @ 8:16PMNov. 15 (Bloomberg) -- World leaders meeting in Washington today may agree to shore up the deteriorating global economy, while papering over differences on additional regulation of financial markets.
- MedcomSoft Inc. Reports First Quarter Financial Results Friday, November 14, 2008 @ 5:09PM TORONTO, ONTARIO-- - MedcomSoft Inc. today announced its financial results for the first quarter ended September 30, 2008.
- Leaders arrive in US for historic G20 financial summit - Update Friday, November 14, 2008 @ 4:37PMWashington - Leaders from the Group of 20 nations gathered Friday for an historic summit to address a financial crisis that has sent global stock markets plummeting and threatened to plunge the global economy into recession. US President George W Bus...
- World leaders vow crisis action despite divisions Friday, November 14, 2008 @ 4:07PMWASHINGTON (Reuters) - World leaders aiming to make the global economy resistant to future crises vowed to work together as they gathered for a Washington summit on Friday, though division on how much regulation is needed was evident.
- G20 leaders off to Washington crisis summit Friday, November 14, 2008 @ 3:55PMChinese milk inspectors beaten for melamine searchAbhisit says reshuffle cannot solve political problemsWashington (AFP) - Leaders from the world s biggest economic powers gathered in Washington on Friday for a crisis summit to recast the global financial order as recession spreads to a growing number of countries.US President George W. Bush will host more than 20 leaders from the world s ...
- Emerging economies to provide buffer vs credit squeeze Friday, November 14, 2008 @ 2:10PMMANILA, Philippines - Advanced economies will experience a slowdown next year or even tip into a recession, but to a lesser degree than that of the 1930"s Great Depression as emerging economies are seen to provide the buffer, an economist of the University of Asia & the Pacific (UA&P) said on Friday.
- State Street Co-Hosts Collective Trust Fund Forum to Provide Discussion Platform for Industry Leaders Friday, November 14, 2008 @ 2:04PMState Street Corporation (NYSE:STT), the world´s leading provider of financial services to institutional
- Casinos report another drop in winnings Thursday, November 13, 2008 @ 4:51AMCARSON CITY, Nev. (AP) - Gamblers worried about the economy hedged their bets in Nevada casinos during September and left the clubs with a 5.4 percent slump in winnings, the state Gaming Control Board reported Wednesday.
- Malaysia mulls short-selling for syariah firms Thursday, November 13, 2008 @ 4:36AMMALAYSIA is reviewing rules to allow Islamic financial institutions to short-sell shares in an effort to improve market liquidity and encourage hedging, the market regulator said today.
- Malaysia mulls shortselling move for sharia firms Thursday, November 13, 2008 @ 4:16AMKUALA LUMPUR, Nov 13 (Reuters) - Malaysia is reviewing rules to allow Islamic financial institutions to short-sell shares in an effort to improve market liquidity and encourage hedging, the market regulator said on Thursday.
- Oil prices continue to spiral down Thursday, November 13, 2008 @ 3:52AMOil prices sank Wednesday to the lowest levels since the start of 2007, as traders worried about weaker demand for energy amid a gloomy economic outlook.
- President on state visit in Portugal Thursday, November 13, 2008 @ 3:48AMAt the start of the official visit to Portugal, the President and Mrs Fenech Adami were given a welcome ceremony at Palácio de Belem on Wednesday by the President of the Republic of Portugal, Aníbal António Cavaco Silva and Doctor Maria Cavaco Silva. The two heads of state exchanged views on the Treaty of Lisbon, the [...]
- Irish shipping finance hits E1bn in 08 Tuesday, November 11, 2008 @ 5:16AMThis year so far, E1 billion has been invested in new shipping vessels and Irish financiers and companies currently have a shipping portfolio in excess of E3 billion, delegates at the second Annual Marine Money Dublin Ship Finance and Investment Forum heard today.
