TPG is at risk of losing a substantial amount of money it coughed up to invest in a Chinese leasing venture after a business dispute in which local police were called in to remove the private equity firm’s representatives, The Financial Times reported, citing people familiar with the matter. In deal sewn up in February, the [...]
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As debt securities in the “AAA” categories began trading at yields spreads of 1000-plus basis points over comparative treasury maturities this week, bond market veterans were reminded of a popular slogan Senator John McCain used on the stump: if you live long enough, you will see everything. Across the Atlantic, debt pricing specialist watched in horror as default probabilities with...
Market recap. U.S. stock and bond markets dropped to their lowest levels since the economic crisis began, on new concerns about rising defaults and the financial system's health. The stock market fell to a 5.5 year low, led by banks and financial institutions. Markets are now down 43.5% from an all-time high reached just over a year ago, and nearly all the gains from the last bull market (from...
It is like fighting an army with a pea-shooter. Microsoft (MSFT) is changing the subscription model for its Apple (AAPL) iPod knock-off, the Zune. According to Reuters, MSFT "announced a new music subscription plan for owners of its Zune players, which would allow them to keep 10 tracks per month and add them to their permanent collection.". With 180 million iPods sold around the world since it...
According to Reuters, Japan exports hit their lowest level since 2002. Reuters writes that hopes for an auto bailout in this session of Congress are poor. Reuters reports that the US is looking into lending practices at Golden West. Reuters reports that small businesses are being hurt by trouble on Wall St.Reuters reports that a bank analyst said financial firms need another $1 trillion in capi...
The FOMC minutes were just released from its recent 10/28 - 10/29 meeting. Here are the highlights: The information reviewed at the October meeting indicated that economic conditions deteriorated in recent months. The labor market weakened further in September as private payrolls fell at a faster pace than earlier in the year and the unemployment rate remained above six percent. Industrial prod...
(Reuters) - Microsoft Corp on Thursday announced a new music subscription plan for owners of its Zune players, which would allow them to keep 10 tracks per month and add them to their permanent collection.
Eurex Makes New Adjustments In SLI And SMI Futures Trading - GlobalCustodian.com (subscription)
Thu, Nov 20, 2:06 AM ET
Eurex Makes New Adjustments In SLI And SMI Futures TradingGlobalCustodian.com (subscription),UK- 46 minutes agoEurex, international derivatives exchange, extends trading hours for several equity index futures. With effect from 1 December 2008. … Written by "futures trading" - Google News and Powered by WordPress
Zune subscribers get to keep 10 songs each month, included in the $14.99 monthly subscription fee.
British Pound Spikes Amidst Wild Volatility, Falls Back as BOE Minutes Signal Further Rate Cuts
Wed, Nov 19, 6:32 PM ET
The British pound gained throughout much of the morning to reach an intraday high of 1.5249, but subsequently fell back below 1.50 as UK interest rate...