London is the most attractive property investment market for the second consecutive year on an index of European cities.
Stocks tumbled on Wednesday as a steep quarterly loss at Merrill Lynch & Co. Inc. and executives' warnings about possible future problems deepened investors' concern about the credit crisis.
Shareholders of Cablevision Systems Corp on Wednesday rejected a $10.6 billion buyout bid offered by the Dolan family, after major stakeowners said it undervalued the New York-based cable operator. The Dolans, who already own about 20 percent of Cablevision, offered $36.26 per share -- a price that several large shareholders, including activist investor Mario Gabelli, have said was too low.
Europe's banks are considering their next move after ABN AMRO succumbed to the world's biggest bank takeover.
Safe-haven assets eased from Wednesday's highs while stocks fell after U.S. investment bank Merrill Lynch posted heavy losses, which were less dire than some predictions but did not dispel investor unease over the impact of the credit crisis.
Daiwa Securities Group, Japan's No. 2 brokerage, is set to post sluggish results for the July-September quarter as volatile financial markets hit trading profits and the flow of equity deals dried up.
Merrill Lynch & Co Inc reported $7.9 billion in net write-downs for the third quarter on Wednesday as shaky risk management and bad bets on subprime mortgages and collateralized debt obligations triggered the company's first quarterly loss in six years. More write-downs could be on their way if the company further cuts its exposure to CDOs.
The dollar held relatively steady and the yen pared gains on Wednesday after Merrill Lynch third quarter losses were deeper than original estimates but not as bad as many traders had feared immediately before the release.
Brokerage and investment bank Merrill Lynch & Co. is expected to post a loss for its fiscal third quarter, battered by problems in the credit market.
Japan's Nikkei 225 average rose 0.7% to 16,563.51, aided by a higher close on Wall Street for the second straight day, while the broader Topix index advanced 1% to 1,585.86.
Zurich Life Insurance Co. have agreed to jointly create a life insurance company with Nissen Holdings Co., a major mail-order firm , in Japan around 2009.
A plan by India to restrict an avenue that allows foreigners to invest anonymously in India's soaring stock market may prove effective at moderating the unwanted side-effects of an unprecedented inflow of capital.
Discount brokerage TD Ameritrade Holding Corp posted a 56 percent rise in quarterly profit on Tuesday, beating Wall Street estimates, as client assets grew and stock market volatility led to increased trading activity among clients.
Stocks rose on Tuesday as strong earnings by Apple Inc. and American Express Co eased concern about consumer spending and profits.
Western Union Co, the world's largest payment transfer company, posted a 16 percent decline in third-quarter earnings on Tuesday, hurt by expenses linked to the buyout of its former parent.
Last month, China's venture capital (VC) market swelled to see this year's high of over US$360 million in a single month, while investment in private equity (PE) market totaled US$ 990 million, up 110.6 percent month-on-month, according to the report from Chinaventure, one of the most popular venture investment consulting institutes in China.
Stocks were mixed in late trading on Monday with broader indexes posting small declines while the technology stocks rose higher ahead of Apple’s quarterly earnings announcement.
Gold fell 2.6 percent on Monday after matching 28-year highs as worries about the U.S. economy and fears over bank credit triggered a heavy sell-off in financial and commodities markets.
Barclays and Royal Bank of Scotland have lined up emergency funds of up to $30 billion from the U.S. Federal Reserve to bail out American clients caught up in the global credit crunch, a paper said.
Bear Stearns Cos, the U.S. investment bank battered by slumping mortgage markets, and China's CITIC Securities Co have agreed to swap stakes in each other and form a broad alliance, the firms said on Monday.
The deal would bolster access to business in booming China for Bear, which lags bigger Wall Street rivals in expanding its business beyond the United States.
Gold shrugged off a tumbling U.S. dollar to fall more than 1 percent on Monday as investors cashed in on the metal's rally to a near three-decade high.
Wachovia Corp posted on Friday a 10 percent decline in third-quarter profit, missing forecasts, as the fourth-largest U.S. bank suffered $1.3 billion of write-downs at its investment banking unit.
