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Markets in Asia were mixed The Nikkei rose 7.7% to 8,212. The Hang Seng was up 1.5% to 12,786. CNOOC rose and HSBC (HBC) fell sharply. The Shanghai Composite fell 2.9% to 1.720. Data from Reuters...
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Markets in Asia rose sharply. The Nikkei was up 6.4% to 7,622. Honda (HMC) was up on a falling yen. Mitsubishi UFJ Financial due to concerns it will raise over $10 billion diluting current...
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Markets in Asia fell. The Nikkei dropped 6.4% to 7,163.Mitsubishi UFJ Financial fell on news it may need to raise money. Toyota (TM) also fell sharply. The Hang Seng fell 8.9% to 11,499. China Life...
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The UK has begun a partial nationalization of its major banks. The move may well include some of Britain’s largest financial firms such as Barclays (BCS) and HSBC (HBC). The government views it as...
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According to Reuters, talks over a US bailout of banks broke down and will begin again today. Reuters reports that Washington Mutual (WM) became the largest bank failure in US history. Many of its...
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Frankly, we think the ban on short sales is not the right way to run a free market. But it doesn’t matter what we think. These are the new rules, but they do not always make sense. Consider the...
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Markets in Asia were sharply higher. The Niikkei was up 3.8% to 11.921. Mitsubishi UFJ Financial ran up along with most other financial shares. The Hang Seng rose 8.2% to 19.083. China Life (LFC) was...
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According to Reuters, Morgan Stanley (MS) is in merger talks with several firms. Reuters says HSBC (HBC) may be a possible buyer for Morgan Stanley. Reuters reports that Washington Mutual (WM) is...
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The latest rumor on Wall St. is that Washington Mutual (WM) will be auctioned off and has retained Goldman Sachs (GS) to handle the deal. According to The New York Times, Wells Fargo (WFC), JP Morgan...
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Stocks in Asia sold off sharply. The Nikkei fell 5% to 11,610. Mizuho Financial Group was down almost 10%. Canon and Toyota (TM) both sold off. The Hang Seng was down 5.4% to 18,305. HSBC (HBC) fell...
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Most markets in Asia rose. The Nikkei was up 3.4% to 12,625. Shares in Mitsubishi UFJ Financial and Mizuho Financial Group rose on US actions to save Fannie Mae and Freddie Mac. The Hang Seng moved...
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Markets in Asia fell. The Nikkei was off 2.8% to 12,212, Sony (SNE) hit a multi-year low as it recalled a number of PCs. The Hang Seng was down 3.2% to 19,747. HSBC (HBC) and PetroChina (PTR) both...
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According to Reuters, oil fell another $1 to $109. Reuters writes that Coca-Cola (KO) will pay $2.5 billion for Chinese juice maker Huiyuan, Reuters writes that Google (GOOG) believes the its new...
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HSBC (HBC) is the latest money center bank to be clobbered by more write-downs. For the most recently reported quarter net profit fell to $7.72 billion from $10.9 billion a year earlier and that was...
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According to Reuters, small business sentivment is still shaky. Reuters writes that InBav may start Anheuher-Busch (BUD) takeover talks this week. Reuters writes that Asian central banks are propping...
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