European and Asian stocks slumped on Labor Day after US growth fears hit the markets late on Friday following weak employment data that showed the US economy had added no jobs at all in August. Stocks in Europe on Monday traded lower on the news with the FTSE 100 down 1.7 percent to 5,201, the…
European banking shares on Friday dropped sharply in anticipation of US jobs data and a published report that the Federal Housing Finance agency is planning to file a lawsuit against “more than a dozen” banks over alleged misrepresentation in mortgage backed securities. Alleged targets of the planned lawsuit are said to include JP Morgan Chase,…
As increasing prices continue to aggravate Asia’s governments moving into September, manufacturing activity slowed in August within Japan, Taiwan and South Korea, according to data released on Thursday. Investors in the US worried ahead of Labor Day – America’s annual holiday to welcome in September – that it would have adverse affects across the water….
Russia’s Prime Minister Vladimir Putin late on Tuesday announced an agreement between US oil conglomerate ExxonMobil and Russia’s Rosneft to explore the country’s oil-rich Arctic continental shelf. The deal replaces a comparable but failed agreement with BP that differs in that Exxon offers Rosneft assets in Texas and in the Gulf of Mexico in exchange…
Bank of America late on Monday announced it is to sell around half of its ten percent stake in China Construction Bank to a group of investors in an effort to increase capital and shed assets. The sale of around 13.1 billion shares is expected to generate an estimated $8.3bn in cash proceeds and an…
If America is ever to get its domestic hiring engine in full gear again, new small businesses must lead the way, but only when investment monies are available to kick start the “gearbox” out of neutral. The uncertainty in our present business environment has kept investors on the sidelines, making the funding of a new…
One of the important points in making a Mexico real estate investment is to choose an area which is appropriate for your type of investment. The following tips will outline some of the key factors to consider.1. Rapid GrowthMexico has some really fast growing communities. During the first decade of the 2000’s, for example, Playa del Carmen…
Markets showed signs of caution and the dollar declined against its counterparts as traders await a speech by Federal Reserve Chairman Ben Bernanke which is expected to show a slowing US economy. Following Japan’s downgrade on Wednesday wild rumours emerged that Germany could face a credit rating cut and unnerved German markets in early trading…
Credit Agricole, France’s third largest bank by market value, published in its 2Q11 net profit results on Thursday a 10.6 percent decrease at €339m compared to €379m in the same period last year. The decline was mainly attributed to a pre-tax impairment on its Greek bond exposure of €202m, the bank said in a statement. In Paris…
Asian highs were short-lived on Wednesday when regional markets failed to hold on to Tuesday’s gains after sentiment dampened following Moody’s decision to downgrade Japan’s credit rating to Aa3. The ratings agency said that the nuclear accident coupled with the earthquake disaster had aggravated its economy and deferred Japan’s recovery. The Nikkei 225 and Hang Seng…
