Philip Chua Business Blog

Posts Tagged ‘Wall Street’

GREECE’S debt crisis rattled investors again yesterday and sent markets south despite overnight gains on Wall Street.
Reassurance from Federal Reserve chairman Ben Bernanke that interest rates would stay low for some time pleased investors, who sent the Dow Jones up 91.75 points, or 0.89 per cent.
But concerns over the weak United States job market and poor housing sales data outweighed the promis… more

NYT: Wall Street trading is often described as a blood sport. But inside the great investment houses, there’s another sport of the moment. Curling.

Curling – Sport – Wall Street – Winter Sports – New York Times

Fed chairman Ben Bernanke told lawmakers the central bank is looking Wall Street’s use of a sophisticated investment instrument to make bets that Greece will default on its debt.

Ben Bernanke – Wall Street – Central bank – Greek language – Business

Stocks could struggle to make headway this week if a meeting of European finance ministers fails to reassure markets that they can contain Greece’s debt problems.

Greece – Wall Street – Drama – Government – European Union

Robert S. Khuzami, the head of enforcement, must restore confidence that the S.E.C. can police Wall Street.

THE bottom fell out of the local stock market yesterday as a combination of fears took grip – worries over China’s bank lending restrictions which apparently could choke off a recovery, and an unstable Wall Street which has been rocked by fears of radical banking reforms.

Besides the twin fears, there was added pressure from a slight firming of the US dollar, raising ‘carry trade’ concerns where… more

IF YOU are betting on the local market today, chances are you will be leaning towards the bears.
After all, with a negative Friday close on Wall Street, a market holiday today in the US and lingering concerns over an overheating property market in China, there seems little reason to hope for a positive session here, or across the region.

The Dow Jones tumbled 100.9 points to 10,609.65 last Frida… more

President Barack Obama on Thursday described bank bonuses as “obscene” and called for a new tax on Wall Street’s largest firms.

Barack Obama – Emergency Economic Stabilization Act of 2008 – President of the United States – United States – Business

THE tiredness exhibited by the local market on Wednesday proved to be a precursor of things to come as prices fell yesterday across-the-board. Weighed down by weakness in Hong Kong and by expectations of a soft Thursday for Wall Street, the Straits Times Index finished 17.24 points down at 2,913.25, with the broad market recording 256 falls versus 190 rises, excluding derivatives. In the previous … more

The bank bonus season begins in earnest this week, and it looks as if it will be one of the largest and most controversial blowouts the industry has ever seen.

Wall Street – New York Times – Business – United States – Financial services