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25 May 2004 03:48 AM
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Wall St lacks conviction as oil jumps again:
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US stocks ended mixed, with the broad market giving up most of its early gains as the morning rally wilted in the face of a resurgent oil price. Wall Street drew little comfort from Saudi Arabia’s pledge to raise crude production
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24 May 2004 08:00 AM
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Economist panel upgrades U.S. growth outlook:
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A top panel of business economists upgraded their forecast for U.S. economic growth for the fourth time in a row to a robust 4.7 percent, but inflation expectations also picked up sharply, it said on Monday.
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24 May 2004 05:24 AM
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Junk bond bubble starts to deflate :
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The air is seeping out of the junk bond bubble, with a rash of cancelled debt deals underscoring the cold reality that the days of easy money are gone.
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24 May 2004 05:19 AM
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The end of a happy era for Asian borrowers :
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Over the past two years international bond markets had been a happy hunting ground for Asian companies.
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24 May 2004 04:57 AM
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Japan Stocks End Flat, Big Banks Up :
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Japan’s Nikkei average ended flat on Monday as gains in major banks were offset by falls in a number of exporters amid jitters over higher oil prices.
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24 May 2004 04:54 AM
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`Culture’ Problem Still Threatens Funds :
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Mutual funds look ready to emerge from an ethical and legal train wreck in amazingly good condition.
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24 May 2004 04:52 AM
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Spectre of higher rates spooks junk stocks :
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The rally in "junk stocks" seems to be ending badly. While the broader market has been groping for direction so far this year, a clear difference has emerged between higher-quality shares and the lower-quality stocks that performed phenomenally well in 2003.
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22 May 2004 02:51 AM
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Stocks End Higher as Oil Prices Dip :
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Stocks rose on Friday, after Saudi Arabia’s call for higher oil production drove oil prices below $40 a barrel, easing worries that soaring energy costs could derail the recovering U.S. economy.
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21 May 2004 04:02 AM
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Fed Funds at 4 Percent? Not Until Year-End 2005:
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The Federal Reserve will begin raising its target interest rate for overnight loans between banks from 1 percent in June and won’t stop until it reaches at least 4 percent, economists at the largest bond-trading firms said.
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21 May 2004 02:58 AM
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Tokyo stocks rise on bargain-hunting :
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Japanese stocks closed higher on Friday, buoyed by positive investor sentiment regarding Japan’s economic recovery.
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21 May 2004 02:47 AM
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US stock market closed mixed on Thursday:
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Stocks ended close to unchanged on Thursday as investors weighed mixed earnings reports against weaker-than-expected manufacturing data and high oil prices.
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20 May 2004 02:25 PM
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European bourses slide on high oil prices:
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High crude oil prices and a light corporate news menu left European stocks marooned in the red in holiday-thinned trading on Thursday, but UK telecoms group BT pleased investors with strong earnings.
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20 May 2004 05:05 AM
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China needs ’more time’ to decide on rates :
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Measures that China has taken to cool overheated investment are beginning to work and interest rates are not likely to rise until the central
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20 May 2004 04:45 AM
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Nikkei slips as profit taking hits tech sector :
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Japanese stocks fell back from early gains and closed lower on Thursday as an initial burst of confidence in the bank sector faded and profit taking hit technology and auto stocks.
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20 May 2004 03:29 AM
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US stock market dropped yesterday:
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U.S. blue-chip stocks fell on Wednesday as renewed concerns over the rising price of oil late in the trading session outweighed earlier gains driven by Hewlett-Packard
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