Asian shares climbed to their highest level in seven months on Tuesday on fresh hopes the global recession is easing, while oil hovered at six-month peaks as supply concerns helped buoy prices.
Despite tightening regulations due to the economic downturn and in the wake of the high profile Madoff ponzi scandal, Luxembourg hopes to gain an advantage over even more highly unregulated investment centers, the chairman of a leading funds association there said.
State Street Corp said it plans to sell $1.5 billion of stock and will also sell notes to help repay government bailout funds, and took a $3.7 billion charge to move some assets onto its balance sheet at a loss.
Billionaire Kirk Kerkorian, the largest shareholder of MGM Mirage , has acquired more shares of the casino operator, but his overall stake in the company has fallen, according to a securities filing on Monday.
U.S. stocks rose on light volume on Monday as a better-than-expected quarterly profit and upbeat outlook from Lowe's Cos Inc , the No. 2 U.S. home improvement retailer, fueled hopes the economic slump was easing and spending was stabilizing.
Stocks rose on Monday as a solid quarterly profit and raised forecast from Lowe's Cos Inc , the No. 2 U.S. home improvement retailer, fueled hopes the economic slump was easing and spending was stabilizing.
Billionaire Kirk Kerkorian, the controlling shareholder of MGM Mirage , has acquired more shares of the casino operator, according to a securities filing on Monday, and its shares rose more than 7 percent.
AIG is to speed up plans to list its Asian subsidiary through an IPO that could raise more than $4 billion, as the bailed-out U.S. insurer seeks to raise cash to pay back government loans.
AIG said it would accelerate plans to separate its Asian subsidiary through an initial public offering as the bailed-out U.S. insurer seeks to raise cash and list the unit as soon as possible.
American International Group Inc said on Sunday it would accelerate plans to separate its Asian subsidiary through an initial public offering.
UBS , has hiked the salaries of some investment bankers to guard against staff poaching by competitors, Switzerland's largest bank said on Sunday.
Switzerland's largest bank, UBS , is losing key staff in important areas to competitors, chairman Kaspar Villiger was reported as saying on Saturday.
Venture-capital investments have been falling in a depressed economy but this is not necessarily stifling technology start-ups, as it becomes easier to get firms off the ground without outside investment, Microsoft says.
A money manager owned by Canada's Manulife Financial Corp is seeking to fire one of the largest subprime mortgage companies in the United States, claiming that Carrington Mortgage Services is unfairly tarnishing some bonds.
U.S. stocks stumbled on Friday as energy shares dropped along with oil prices on worries about weak demand, overshadowing fresh reassuring economic data.
Hedge fund and traditional money management firms hard hit by last year's market meltdown are poised for a surge of mergers and acquisitions to bolster depleted assets and widen sources of revenue.
Regulators are looking at ways to protect investors from losing funds backing their derivatives trades in the event of a Lehman-style bank failure.
U.S. stocks stumbled on Friday as energy shares dropped along with oil prices on worries about weak demand, overshadowing fresh reassuring economic data.
A U.S. jury found a former partner at accounting firm Ernst & Young LLP guilty of a securities fraud charge on Friday, according to a court document.
U.S. stocks stumbled on Friday as energy shares dropped along with oil prices on worries about weak demand, overshadowing fresh reassuring economic data.
U.S. stocks fell on Friday as energy shares dropped on worries about weak oil demand, and banks slipped as investors took recent profits in the sector.
Stocks stumbled in choppy trading on Friday as energy shares dropped on worries about weak demand, offsetting stronger-than-expected economic data.
