The testimonies of Ben Bernanke and Hank Paulson did little to embolden markets yesterday as fears over the long term economic implications of the bail-out pack... Read More >
Dollar has continued its recent wobble overnight as the sticky bargaining of Washington slowed the $700bn US government bail-out plan. Senate Democrats are look... Read More >
What a week!
I doubt there's much to say that hasn't already been said about the past week’s goings on and the markets' flirtation with economic apocalypse. Mu... Read More >
If you want something done, do it yourself. As we reported on Friday Morgan Stanley was no closer to securing a buyer to shore up the investment bank however th... Read More >
Persistent rumours circulated that a potential suitor for struggling Morgan Stanley was no nearer to being reached yesterday, and this saw the dollar falling in... Read More >
Martin Luther King said that 'the ultimate weakness of violence is that it is a descending spiral, begetting the very thing it seeks to destroy. Returning viol... Read More >
Federal Reserve Chief Ben Bernanke and his band of merry men held interest rates in the US at 2.0% confounding expectations that a cut may be used to free up ca... Read More >
Wall St ran red yesterday as Lehman Brothers toppled over and initiated proceedings to become the largest bankruptcy in history. Stock markets around the globe ... Read More >
Lehman Brothers, the 4th largest investment bank on Wall St, will file for bankruptcy today amid billions of dollars of losses through toxic mortgage market inv... Read More >
NZD
In the apparently poorest financial conditions seen in New Zealand since the 1930’s (noted it is not the worst economic conditions) in a surprise move, the ... Read More >