A group of U.S. pension funds have leveled pointed criticisms at several oil and gas companies for their involvement in Iran's energy sector.
July 2007 - Money Morning - Only the News You Can Profit From
By moving to tighten credit yesterday, China is trying to maintain an economic balancing act that would make a high-wire artist envious.
By Jason Simpkins Following a week in which U.S. stocks posted their worst showing since March 2003, shares yesterday posted some solid gains after a day of choppy trading. After being down as much as 46 points, the Dow Jones Industrial Average reversed course and rebounded to gain nearly 93 points, or 0.70%, to close […]
The already ailing U.S. mortgage market is going to get worse through the remainder of this year
After being stuck in low gear at the start of the year, the U.S. economy accelerated and grew at a 3.4% clip in the second quarter, its strongest performance in more than a year, the Commerce Department said Friday.
The "credit crunch" that started on Main Street with the U.S. housing market has now spread to Wall Street. But the next question is how bad this liquidity squeeze will get: At it worst, it could terminate the buyout wave that's been a big part of the reason U.S. stock prices have achieved record highs this summer – sending U.S. shares into a tailspin. And that, in turn, would turn into a bear-market contagion that spreads to international market.
U.S. stocks plunged yesterday, fueling a sharp global decline, as a housing-market meltdown and fears of a swirling global credit crunch sent investors scurrying for the exits.
The world's stock markets have taken to making sharp downward lurches recently, worrying even those investors who made good profits from the record market upswings. At some point, these lurches could turn into a genuine bear market, a reality that raises that age-old investor question: Is there anywhere to hide?
The economy of South Korea grew at a 1.7% pace in the second quarter
Australian hedge fund Basis Capital has hired global giant Blackstone Group LP (NYSE: BX)Â to help it avoid a total fire sale after it was blistered by nearly $700 million in losses