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Archive for December, 2008

GLOBAL MARKETS-Gloomy data hit stocks, rate cuts eyed

December 3rd, 2008
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AFP Journal Internet - By Ian Chua LONDON, Dec 3 (Reuters) - A darkening outlook for the euro zone economy clipped global stocks on Wednesday and helped send the 30-year euro zone government bond yield to an historic low as investors looked for [...]
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REFILE-Asian fund industry execs see more job cuts ahead

December 3rd, 2008
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AFP Journal Internet - By Jeffrey Hodgson HONG KONG, Dec 3 (Reuters) - Asia's fund management industry will see further job cuts in the coming year as a plunge in revenue caused by the global financial crisis forces it to rein in costs, senior [...]
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Asian fund industry execs see more job cuts ahead

December 3rd, 2008
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AFP Journal Internet - By Jeffrey Hodgson HONG KONG, Dec 3 (Reuters) - Asia's fund management industry will see further job cuts in the coming year as a plunge in revenue caused by the global financial crisis forces it to rein in costs, senior [...]
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GLOBAL MARKETS-Stocks resume decline, bond yields ease

December 3rd, 2008
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AFP Journal Internet - By Ian Chua LONDON, Dec 3 (Reuters) - A tentative rebound in global stocks spluttered on Wednesday while euro zone government bond yields hit a three-year low as gloomy economic news highlighted the case for more aggressive [...]
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Keen to invest in Asian real estate, consider Tokyo

December 3rd, 2008
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AFP Journal Internet - TOKYO, Dec 3 (Reuters) - Tokyo takes the top spot for next year's real estate investment prospects among big Asian cities, with many foreign investors seeking opportunities in Japan's beleagured property market, a survey showed on [...]
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TOPWRAP 1-S.Korea steps up crisis fight, c.banks to cut rates

December 3rd, 2008
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AFP Journal Internet - By Seo Eun-kyung and Burton Frierson SEOUL/NEW YORK, Dec 3 (Reuters) - South Korea moved on Wednesday to help local banks through a cash crunch gripping the global financial system as central banks around the world were expected [...]
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GLOBAL MARKETS-Asian stocks, oil rebound but confidence lacking

December 3rd, 2008
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AFP Journal Internet - By Rafael Nam HONG KONG, Dec 3 (Reuters) - Asian stocks and oil rebounded on Wednesday from recent sell-offs, but low-risk assets such as U.S. Treasuries also retained their lustre despite offering the lowest yields in decades [...]
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Nikkei gains 1.8 pct as domestic demand stocks gain

December 3rd, 2008
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AFP Journal Internet - By Aiko Hayashi TOKYO, Dec 3 (Reuters) - The Nikkei average rose 1.8 percent on Wednesday, buoyed by a jump in retailer Seven & I Holdings after a brokerage upgrade, though automakers weighed on the market in the face of a [...]
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TOPWRAP 1-Hopes of US carmaker bailout remain as crisis stings

December 2nd, 2008
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AFP Journal Internet - * Paulson mulls asking Congress for rest of bailout cash-WSJ

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RPT-GLOBAL MARKETS-Asian stocks, oil rebound, but caution prevai

December 2nd, 2008
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AFP Journal Internet - By Rafael Nam HONG KONG, Dec 3 (Reuters) - Asian stocks and oil recovered on Wednesday following recent sell-offs, but low-risk assets such as U.S. Treasuries also retained their lustre, highlighting investor caution about the [...]
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