Reuters: China will send an envoy to the US to discuss the yuan. Reuters: European carriers who lost money on the Apple (AAPL) iPhone won’t do the same in their deals to…
Reuters: The Fed is likely to keep interest rates low for some time. Reuters: China said the yuan in not behind the US trade gap. Reuters: A record number of Chinese are…
Reuters: Democrats may miss their goal to vote on healthcare reform. Reuters: China exports rose 46% in February. Reuters: China’s Geely raised money to buy Volvo. Reuters: Strong Chinese trade data made…
Greece has decided to raise three billion to five billion euros through a 10-year bond. The country has hired several banks including Barclays (BCS) and HSBC (HBC) to handle the transaction. The bonds have…
Douglas A. McIntyre Markets in Asia were higher. The Nikkei rose 2.7% to 10,309. The Hang Seng was up 1.2% to 20,518. Shanghai was closed. At the open in Europe, the FTSE was up .6%…
Douglas A. McIntyre Barclays (BCS) made $18 billion in the fourth quarter, which by any measure is stunning turnaround considering the problems the big bank had, and shared with most other multinational financial firms just…
Reuters: Barclays (NYSE:BCS) earned $18 billion, was more than forecast. Reuters: The Eurozone gave Greece 30 days to show progress on its deficit. Reuters: The number of accident claims involving Toyota (NYSE:TM)…
Markets in Asia were closed. The Nikkei rose .2% to 10,034. At the open in Europe, the FTSE rose .9% to 5,215. Barclays (NYSE:BCS) was up sharply after earnings. The Dax rose 1.2%…
Douglas A. McIntyre Markets in Asia were sharply lower. The Nikkei fell 2.9% to 10,057. The Hang Seng fell 3.3% to 19,675. The Shanghai Composite fell 1.6% to 2,939. At the open in Europe, the…
Douglas A. McIntyre Updated throughout the day. The hedge fund industry brought in $4.6 billion in December (Eurekahedge) Barclays (NYSE:BCS) may face a $27 billion deficit (Credit Suisse). JPMorgan (NYSE:JPM) is in exclusive talks to buy…
LaBranche & Co. Inc. (NYSE: LAB) has been rumored to be making a serious change or sale for some time. Tonight, that was partially confirmed. The company has signed a sale agreement…
Douglas A. McIntyre These are this Friday’s top analyst upgrades, downgrades, and initiations seen from early Wall Street research calls. There were several banking and broker-on-broker cuts: Morgan Stanley (NYSE: MS), Goldman Sachs Group (NYSE:…
Markets in Asia were modestly higher The Nikkei rose 1.1% to 10,756. The Hang Seng rose .1% to 22,297. China Mobile (NYSE:CHL) rose. The Shanghai Composite was up .1% to 3,196. At…
Douglas A. McIntyre Reuters: Merger activity will grow slowly in 2010. Reuters: Bank of America’s new CEO said he would focus on execution. Reuters: Profits at RIM (NASDAQ:RIMM) topped forecasts. Reuters: Oracle (NASDAQ:ORCL) posed a surprise…
Updated throughout the day. Updated 12.24 PM EST: HSBC (NYSE:HBC), Barclays (NYSE:BCS), and Standard Chartered may have large exposure to Dubai debt problems. (NYTimes) 12.08 PM EST: Google (NASDAQ:GOOG) is about to…
