|
|
|
World Markets Dive
Jul 05, 4:54 PM EDT |
|
| Markets around the world declined on the North Korean missile launch. Enron founder Ken Lay dead at 64. Oil and gold surge. |
|
| Market averages around the world declined on the North Korean Missile launch. Global markets sold-off on rate jitters, missile launch and private job market report. Gold and oil rose 2%. Enron founder, Ken Lay died at the age of 64 due to heart failure. Nissan and Renault are ready to talk with General Motors. Rambus signs a licensing pact with Toshiba. |
|
|
Full Story... |
Europe Ends Sharply Lower
Jul 05, 12:53 PM EDT |
|
| Britain's Alliance & Leicester dropped 5.7% after Credit Agricole said it wouldn't go ahead with a bid for the U.K. mortgage bank. |
|
| European markets closed sharply down on tensions related to North Korean nuclear tests. Investors were also nervous about interest-rate decision ahead of announcement by both the Central European Bank and the Bank of England. The German DAX 30 dropped 1.8%, the French CAC 40 climbed 1.3%, and London FTSE 100 rose 1%. |
|
|
Full Story... |
Enron's Chairman Kenneth Lay Dies
Jul 05, 11:23 AM EDT |
|
| The Commerce Department said that new factory orders rose 0.7% in May, following a 2% decrease in April. Economists had expected orders to rise 0.1%. |
|
| A Houston TV station reported that the founder and ex-chairman of Enron Corp. Kenneth Lay died of a heart attack at his vacation home in Colorado. He was convicted last month of fraud and conspiracy for his part in the company''s collapse into bankruptcy in 2001, facing a long imprisonment. |
|
|
Full Story... |
India Surges 2.4%
Jul 05, 10:52 AM EDT |
|
| The Sensex soared as traders accumulated stocks in anticipation of better earnings for Q1 June 2006. Metals and cement stocks led market rally. |
|
| The market received a boost by the diminishing outflow of equity funds from the emerging markets. Metal, cement, IT and power-equipment stocks led the gainers in a positive market-breadth. Steady fund flows from domestic investors support market breadth. |
|
|
Full Story... |
North Korea's Nuclear Tests Weigh
Jul 05, 10:15 AM EDT |
|
| Light crude traded unchanged at $73.93 a barrel on the Nymex. The dollar gained against most major currencies. Gold prices moved higher as well. |
|
| Stock markets opened down on concerns over North Korea''s nuclear ambitions and high oil prices. With no corporate earnings and little economic data, investors focused on the release of the Commerce Department''s latest report on factory orders. New orders for manufactured goods in May increased $2.6 billion or 0.7% to $399.9 billion, following a 2% decrease in April. |
|
|
Full Story... |
Stocks to Open Lower
Jul 05, 9:14 AM EDT |
|
| Reportedly, CEOs of GM and Renault and Nissan are due to hold a meeting later this month to discuss a potential alliance. |
|
| Stock futures pointed to a lower market opening after the Independence Day hoiday. Trading is expected to be volatile with news of a series of missile tests by North Korea weighing on sentiment. The missile tests drew international condemnation and sent European and Asian stocks down. |
|
|
Full Story... |
Refco Negotiates with Customers
Jul 05, 8:10 AM EDT |
|
| Over 50 customers of Refco Inc.'s unregulated Bermuda unit struck a deal that would allow them to retrieve $2.3 billion from the unit. |
|
| However, a single holdout customer retains the power to spoil the agreement. If the certain commodities trader doesn''t agree to join the deal within two weeks, court proceedings would begin to liquidate Refco Capital Markets. |
|
|
Full Story... |
Asia Declines On North Korea Missile Tests
Jul 05, 7:28 AM EDT |
|
| Asian markets fell Wednesday after a series of missile tests by North Korea upset investors. |
|
| Early Wednesday, North Korea launched several missiles, including a long-range Taepodong-2 that failed after less than a minute, according to reports. Japanese, the U.S. and South Korean officials responded with sharp criticism. The launches also unsettled investors who were already jittery to selling pressures after several consecutive days of gains. |
|
|
Full Story... |
Europe Lower On Credit Agricole Deal
Jul 05, 6:41 AM EDT |
|
| European markets slipped in a mild but broad-based decline Wednesday after Credit Agricole said it lost interest in buying Alliance & Leicester. |
|
| Apart from Credit Agricole statement, the European losses came after Asian markets followed Japan downward as a series of missile tests by nearby North Korea jarred market sentiment. The U.K. FTSE 100 index shed 0.4%, the German DAX Xetra 30 index slipped 0.5% and the French CAC-40 index dropped 0.5%. |
|
|
Full Story... |
1
 |
|
