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US Stocks Fall on Signs of Inflation

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U.S. stocks fell on Friday after a government report showed consumer prices rose the most in more than 2 years, raising concerns over inflation.
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FX Summary - Dec 12

The major currency pairs moved sharply in early Wednesday trading following the announcement of a concerted central bank move, consisting of the Fed, BoE, ECB, SNB and BoC, to alleviate global liquidity concerns and inject much-needed cash into the credit-tight financial markets.
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Stocks Gain on Fed Rate Cut Hopes

U.S Stocks gained in Monday trading as Swiss bank UBS issued a profit warning and announced a capital injection and investors bet the Federal Reserve will cut interest rates at its policy meeting on Tuesday.
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Lloyds TSB profits on track, takes $405 mln hit

Lloyds TSB said its underlying profits are on track to grow 11 percent this year but the British bank will take a 200 million pound ($405 million) hit from exposure to credit market problems.
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China raises foreign investment cap to $30 billion

The ceiling on foreign investment in Chinese securities will be raised to $30 billion from $10 billion, Beijing's foreign exchange regulator said on Sunday ahead of cabinet-level talks with the United States.
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Global stocks erase losses, dollar firm as Fed looms

Global stocks erased early losses on Monday, dollar money market tensions eased and the U.S. currency held near one-month highs against the yen ahead of an expected Federal Reserve interest rate cut this week.
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Blackstone plans bid for Rio with Chinese: report

Investment group Blackstone is planning a counterbid for Rio Tinto Ltd/Plc with a consortium believed to include China's sovereign wealth fund, Britain's Daily Telegraph newspaper said on Monday.
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UBS writes down $10 bln, Singapore injects capital

UBS revealed a $10 billion writedown and an emergency injection of funds from Singapore and the Middle East, making it the biggest victim of the U.S. subprime crisis to date among major European banks.
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U.S. Stocks Up Ahead of Mortgage Resuce Plan

U.S. stocks rose steadily for a second day on Thursday, with financial shares climbing on expectations that government plan to be unveiled today may help banks’ profits by limiting subprime mortgage defaults.
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Singapore's Temasek Eyes Western Bank Stakes

Singapore's Temasek, Asia's pioneer sovereign wealth fund with stakes in Barclays and Standard Chartered, looks to be calling the top of the China stock boom and is scouting for cheaper targets in the West.
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Market falls on dim outlook for financials

Stocks fell on Tuesday after a brokerage cut its earnings outlook for major Wall Street companies and as uncertainty about the outlook for a credit crisis recovery mounted.
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Merrill Hires NYSE CFO

Merrill Lynch & Co named the NYSE Euronext Chief Financial Officer, Nelson Chai, as its own CFO today, replacing Jeffrey Edwards.
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Citigroup's Top CEO Option is Vikram Pandit: Report

The leading internal candidate to fill the vacant CEO position at Citigroup is Vikram Pandit, the head of the bank’s investment banking division, but no final decision has been made according to reports on Monday.
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China Railway up 69 pct on Shanghai debut

Shares in China Railway Group 601390.SS, the world's third-largest construction contractor, rose 69 percent on their Shanghai debut on Monday, calming investor fears that big Chinese listings could be running out of steam.
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MetLife sees higher 4th-quarter

MetLife Inc, the largest U.S. life insurer, said on Monday it expects operating profit to increase for the fourth quarter and full year, helped by unusually strong investment results.
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Dow, S&P 500 gain on housing plan as Nasdaq dips

The Dow and S&P 500 rose on Friday, capping a dismal November with a four-day rally, as financial stocks rallied on optimism over a proposed rescue for struggling homeowners and on heightened expectations for more interest-rate cuts.

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