Billion-dollar bailout schemes and major bankruptcies have sent taxpayers and traders reeling with shock as global banking systems teeters on the brink of collapse. Is this the end of global capitalism as we know it?
With world stock markets at a thirteen-month high and the Dow Jones index topping the 10 000 mark for the first time in a year, some are beginning to suggest that the financial crisis may be receding.
Third-quarter earning reports were released on Thursday, containing good news for Goldman Sachs and even the beleaguered Citigroup. This news comes a day after the Dow Jones broke the 10,000 point mark for the first time in a year.
The Stock Exchange of Thailand suffered nearly a 5% loss by midday Thursday, bucking the upward momentum of bourses around the world, on rumours that the king’s health has taken a turn for the worse.
Thai stocks slumped 4.69 percent Thursday amid concerns over King Bhumibol Adulyadej's health, and despite assurances from the palace that the 81-year-old's condition was "good".
The Dow Jones has topped 10,000 points for the first time since October 2008, marking an important step toward the end of the financial crisis, according to analysts.
World stocks reached fresh 9-month peaks this morning after U.S. stocks extended their steepest two-week rally since 2000 on monday. So could it be a sign of the end of the crisis or is it simply too soon to rejoice?
US stocks surged on Thursday, sending the Dow industrials above the key 9,000 mark for the first time since January, as strong corporate profits and rebounding home sales spurred optimism about the economy.
At Paris Europlace International Financial Forum, Raphael Kahane met Tony Angel, Head of Europe, Middle East and Africa at Standard and Poor's, to talk about signs of recovery of the financial industry.
Trading in Indian shares had to be suspended Monday after they jumped by nearly 17 percent as dealers celebrated a clear victory for the Congress-led alliance. Analysts hope the election's outcome will pave the way for vital economic reforms.
