Barclays Stories
China To Lower Standards For Foreign Investors In National Markets
Chinese market regulators announced Thursday they could be easing the rules that currently allow only a small group of foreign banks to invest in the national equity and bond markets, a move that is seen as part of a wider campaign to open the country's financial system to global competition. Whether by design or by coincidence, however, the move also takes a tremendous amount of pressure off the country's central bankers, who are between a rock and a hard place in deciding whether or n......
Pre-Market Movers (Biosante Pharmaceuticals, Tesla Motors, Barclays, Bank of America, Adobe Systems Incorporated, Michael Kors Holdings, Procter & Gamble)
Biosante Pharmaceuticals Inc., Tesla Motors Inc., Barclays PLC, Bank of America Corp., Adobe Systems Inc., Michael Kors Holdings Ltd and Procter & Gamble Co. are among the companies whose shares moved in pre-market trading Wednesday.
US Housing Starts Fall In May, Permits Surge To Highest Level In Nearly 4 Years
Housing starts fell 4.8 percent in May to an annual rate of 708,000, but building permits climbed 7.9 percent to the highest level in nearly four years, the U.S. Commerce Department said Tuesday. Economists surveyed by Reuters had forecast a reading of 720,000.
FOMC Policy Decision and Housing Data Dump: Economic Events For June 18-22
This week's data releases highlight Wednesday's Federal Open Market Committee (FOMC) statement, which will likely present a dovish tone. However, those who are expecting for the announcement of renewed asset purchases will likely be disappointed.
Reserve Bank Of India Disappoints Industry, No Rate Cuts Now
The Reserve Bank of India disappointed the industry as it left the repo rate and cash reserve ratio unchanged at 8 percent and 4.75 percent, respectively, in its mid-quarter policy review Monday. The reverse repo rate, at which banks lend money to the RBI, also remains unchanged at 7 percent.
European Markets Rise On Stimulus Support Hopes
European markets rose Friday amid expectation that central banks around the world would coordinate to announce stimulus measures to rejuvenate the global economic growth.
Retail Sales, Manufacturing And Trifecta Of Inflation Data: Economic Events For June 11-15
This week's data releases could reignite hopes that the Federal Reserve will soon provide more policy stimulus. May's producer price index and consumer price index should show that inflationary pressures are easing, with the latter falling below the Fed's 2 percent target rate. Retail sales and industrial production figures for May are likely to come in on the soft side, as well.
India Could Be 1st BRIC To Lose Investment Grade: S&P
Standard & Poor's said on Monday that India could become the first of the so-called BRIC economies to lose its investment-grade status, sending the rupee and stocks lower, less than two months after cutting its rating outlook for the country.
Fiscal Cliff: If You Aren't Worried, Here's Why You Should Be
While the euro zone fiscal crisis has grabbed the spotlight, the U.S. faces its own fiscal crisis. The simultaneous onset of tax increases and spending cuts scheduled for Jan. 1 -- which will trigger unless Republicans and Democrats can agree on a balanced budget solution -- will likely send the economy plunging off a $720 billion fiscal cliff and into the arms of another recession.
Italian Banks Primed To Blow Up
Italian banks appear close to joining Spanish banks as the euro zone's latest contribution to the financial world's endangered species list.
Bernanke's Next Move, Trade Balance And Lots Of Fed Talk: Economic Events for June 4-8
The April trade data is likely to garner the most market attention, while the Fed Beige Book will set the tone for the upcoming Federal Open Market Committee (FOMC) meeting. On Thursday, markets will also be watching Fed Chairman Ben Bernanke's testimony to Congress, which could provide clues on whether the Fed is ready to take additional steps to support growth.
Asian Shares, Euro Extend Losses As Weak China PMI Worsens Mood
Asian shares and the euro extended losses Friday as China's factory activity data delivered its weakest reading this year, highlighting concerns the worsening euro zone debt crisis will further undermine global economic growth.
Asian Shares Dip On China, US Economy Doubts
Asian shares eased Friday, with China's factory activity data and a U.S. jobs report due later in the day making investors cautious as the escalating euro zone debt crisis threatened to further undermine growth worldwide.
General Motors, Seeking China Sales, Ditches NFL for Soccer and Manchester United
After ditching Super Bowl ads, General Motors Co. (NYSE: GM) pivoted away from the NFL and instead entered into a five-year advertising partnership for its Chevrolet brand with the popular British soccer team Manchester United, a move meant to bolster the brand's global awareness, the company announced Thursday.
Indian growth weakest in nine years, rupee slides
India's economic growth slumped to its lowest level in nine years in the first three months of 2012, marking a dramatic slide in the fortunes of a country whose economy was boasting nearly double-digit growth before the global recession.
Rupee, Market Hit By India's Q4 GDP Data
The Q4 GDP data for India plunged the volatile rupee further in the morning trade Thursday, as the Indian currency hovered near an all-time low of 56.52 against the dollar. The rupee was trading at 56.38/39 at 10 am IST, after testing the 56.52 level in early trade.
Japan's Marubeni Becomes Major League Player With Gavilon Buy
Japanese trading house Marubeni Corp. (Tokyo: 8002), which has been on a global shopping spree in recent years so it can become a dominant grain supplier to China, just took a strategic step toward that goal.
Nonfarm Payrolls, Auto And Same-Store Sales: Economic Events, May 28-June 1
The economic calendar is quite full this week, with most of the focus on the U.S. nonfarm payrolls report. The Institute for Supply Management, or ISM, manufacturing index and the second estimate of U.S. first-quarter gross domestic product also will draw a lot of attention.
In Lehman's Archstone Deal, 'Grave Dancer' Sam Zell Wins Again
Sam Zell, the Chicago real-estate mogul, has become so well-known for feasting on distressed assets that he's been called the grave dancer. This week, Zell took the nickname to the next level: He's about to receive $70 million from a ghost.
Facebook Shares Drop Again On New Probes Despite Morgan Stanley Investor Pledges
Shares of Facebook (Nasdaq: FB), the No. 1 social network, fell 3.4 percent again Friday, a week after their disastrous debut in their initial public offering.
BSE Sensex, NSE Nifty Hover Between Red And Green; Oil, Auto And IT Shares Worst Hit
Bombay Stock Exchange Sensex started on a negative note Friday and was trading in the red in the morning session.
SEC Reported Not Charging Lehman; Schapiro Statement Disputed
The staff of the U.S. Securities and Exchange Commission has concluded its investigation into Lehman Brothers Holdings and will not likely recommend charges, according to the excerpt of a memo.
Premier League Clubs Lose £361 million Collectivley During the 2010-2011 Season
Despite the wild success of the Barclay's Premier League, the teams that play in it are losing money at an alarming rate.
Facebook's Shares Recover, But IPO Wounds Fester
Shares of Facebook (Nasdaq: FB), the No. 1 social network, rose $1.03 to close at $33.03 on Thursday. A week ago, they were priced at $38 for the IPO.
How Much Did Facebook?s Bankers Rake In For The Mega-IPO?
Facebook (Nasdaq: FB), the No. 1 social network, didn?t just set records for enriching inside investors like CEO Mark Zuckerberg, COO Sheryl Sandberg, Accel Partners and Digital Sky Technologies. Underwriters fared very well.
Pre-Market Movers (Dell, Facebook, Alcoa, Renren, Jive Software, BlackRock, Alcatel Lucent, FreightCar America)
Among the companies whose shares are moving in pre-market trading Wednesday are: Ares Capital Corp, Alcatel Lucent, FreightCar America, Jive Software, Dell Inc, Renren Inc, BlackRock, Alcoa and Facebook Inc.
European Central Bank Reportedly Propping Up Greece With Secret ?100 Billion Emergency Aid
The European Central Bank (ECB) is propping up Greece with a secret infusion of ?100 billion ($126 billion) in emergency liquidity assistance (ELA) funds, the Financial Times reported Tuesday.
Barclays To Sell Entire Stake In BlackRock For $6.1 Billion
Barclays PLC, the UK's second-largest bank by asset, said Monday it plans to sell its entire $6.1 billion stake in U.S. asset manager BlackRock Inc., as the tougher global regulatory environment has made such holding less attractive.
Existing Home Sales, Durable Goods, China PMI: Economic Events For May 21 - 25
This week's economic calendar is relatively light in the U.S. with the releases of existing home sales, durable goods orders, and the University of Michigan consumer confidence survey. Attention will likely focus on data out of Europe. Euro zone PMIs, Germany IFO survey, and first-quarter gross domestic product data for the U.K. will be released.
Facebook IPO: How To Buy Stock Shares, But Why It's Okay If You Don't Succeed
One of the biggest and most anticipated IPOs of the year, quite possibly the decade, is ready to hit Wall Street tomorrow, but if you're thinking about buying shares, you're not alone. Not in the least. If you're looking to get a piece of the stock, we're here to help you. But be warned: It will not be easy.