December 19th, 2008
Pension funds and other big investors in commodities are reassessing strategies for 2009 after their huge buildup in commodity index exposure this year backfired as underlying raw material prices imploded.
Institutional investors in commodities have thus far stuck to “long-only” futures indexes, which principally make them buyers of commodities, not sellers. This worked wonders when […]
Filed under: term by Wolf
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December 16th, 2008
Royal Bank of Scotland, Man Group and Nomura on Monday joined a growing list of financial groups acknowledging exposure to the alleged $50 billion fraud surrounding Wall Street trader Bernard Madoff.
A report in the Financial Times said HSBC Holdings Plc had emerged as one of the largest victims, with potential exposure of about $1 […]
Filed under: money by Wolf
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December 11th, 2008
A dramatic fall in Chinese exports underlined the weakness of the global economy on Wednesday and miner Rio Tinto joined a growing list of companies cutting jobs in response to the sharp downturn.
Exports from China shrunk 2.2 percent year-on-year in November, the largest drop since 1999. Imports tumbled almost 18 percent, the biggest fall […]
Filed under: technology by Wolf
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December 5th, 2008
DuPont (DD.N: Quote, Profile, Research, Stock Buzz) expects to post a fourth-quarter loss and cut 2,500 jobs — about 4.2 percent of its workforce — amid steep drops in construction, car sales and consumer spending, the chemical maker said on Thursday.
The slump in the U.S. automotive markets has hurt DuPont badly, as it is […]
Filed under: economics by Wolf
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October 27th, 2008
Suddenly, I am a cool guy.
Savings habits I have preached and practiced for years — and the realization that avoiding waste is being smart, not a cheapskate — are now in vogue.
With Americans facing continued economic uncertainty, I run across an almost daily stream of common sense (but frequently neglected) savings tips […]
Filed under: management by Wolf
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October 12th, 2008
NEW YORK — Governments around the world have slashed interest rates and ramped up their lending to unprecedented levels, but banks are still charging each other extremely high borrowing rates — a bad sign for the credit markets that remain close to paralysis.
Traders will be closely monitoring the G-7 finance ministers meeting […]
Filed under: business by Wolf
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October 4th, 2008
NEW YORK – Oil prices tumbled below US$95 a barrel today, falling for a second day as investors bet that a revised US$700 billion financial bailout plan won't be enough to avoid a recession and revive dwindling U.S. energy demand.
The declines came a day after the Senate overwhelmingly approved the bitterly contested rescue […]
Filed under: marketing by Wolf
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October 1st, 2008
Stocks skidded Monday, with the Dow slumping nearly 778 points, in the biggest single-day point loss ever, after the House rejected the government’s $700 billion bank bailout plan.
The day’s loss knocked out approximately $1.2 trillion in market value, the first post-$1 trillion day ever, according to a drop in the Dow Jones Wilshire 5000, […]
Filed under: term by Wolf
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September 20th, 2008
Gas prices fell for the second-straight day Friday, after rising for eight consecutive days following the refinery-battering Hurricanes Gustav and Ike, according to a nationwide survey of credit card swipes at gasoline stations.
The average price of unleaded regular dropped 2.8 cents to $3.807 a gallon, according to the survey released by motorist group AAA.
That […]
Filed under: finance by Wolf
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September 18th, 2008
The U.S. Federal Reserve and the European Central Bank will not cut interest rates this year to calm wild markets but may be forced to engineer rescues for more ailing financial institutions, a Reuters poll showed.
The survey of 71 economists was taken on September 17, a day after the Fed swung an $85 billion […]
Filed under: money by Wolf
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