Archive for February, 2009

Oil pulled lower by U.S. data

Oil prices fell 1% Friday, pulled lower by U.S. data showing the economy of the world’s largest energy consumer shrank more than expected in the final three months of 2008. (2 mins ago)

FDIC clears fees on banks to raise $15B for its fund

The Federal Deposit Insurance Corp. approved an emergency fee Friday on banks of 20 cents per $100 in domestic deposits to help restore its insurance fund, which has been depleted by bank failures. (42 secs ago)

Crude Oil Falls, Snapping Three-Day Gain, as Recession Deepens

Feb. 27 — Crude oil fell in New York, paring this week’s increase to 14 percent, on signs the global recession is deepening after Japan’s manufacturers cut production by a record pace. (3 mins ago)

Yen Falls to Lowest Since November on Concern Economy Worsening

Feb. 26 — The yen fell to a three-month low against the dollar before reports this week that may add to evidence Japan’s recession is deepening, reducing the appeal of its currency. (12 mins ago)

Australia, N.Z. Dollars Fall as Equity Rout Damps Yield Demand

Feb. 24 — The Australian and New Zealand dollars declined against the U.S. currency as a global rout in stocks damped demand for the nation’s higher-yielding assets. (2 mins ago)

Japan Bonds Gain as Biggest Bankruptcy in a Year Boosts Appeal

Feb. 23 — Japan’s 10-year government bonds rose, snapping a two-day drop, after the biggest bankruptcy by a publicly traded Japanese company in more than year spurred demand for the relative safety of government debt. (16 secs ago)

U.S. bank takeover fears jolt markets

Global stock markets went on a wild ride Friday, jolted by escalating investor fears that the financial crisis could force the U.S. government to take control of two of the United States? biggest banks. (44 mins ago)

Bank, IT stocks lead 199-pt Sensex fall

Stocks declined, driving the Bombay Stock Exchange’s Sensitive Index to its worst week in four months. ICICI Bank led lenders lower after Goldman Sachs Group said the government’s plan to borrow record amounts this financial year would drive up interest rates. (3 secs ago)

Euro Heads for Biggest Weekly Decline in a Month Against Dollar

Feb. 20 — The euro headed for the biggest weekly decline in a month against the dollar on speculation European Central Bank President Jean-Claude Trichet will signal in a speech today that he may cut interest rates to spur growth. (2 mins ago)

World stocks fall on banking fears, Japan

World stocks and the euro fell on Monday while safer government bonds rose as dismal Japanese growth data and fresh concerns about the financial sector fanned worries about the deteriorating global economy. (1 min ago)