Posts Tagged ‘ Wall Street ’

US economic rescue failing to meet key goals:auditor

January 31, 2010
US economic rescue failing to meet key goals:auditor

Job seekers attend an interview workshop in San Mateo, California The US$700-billion US government effort to rescue the financial system has failed to meet key goals such as sparking lending and curbing risky activities by banks, a special auditor said Sunday. The special inspector general for the Troubled Asset Relief Program said in a report [...]

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Obama chides banks’ ‘audacity’ for fighting fee

January 16, 2010
Obama chides banks’ ‘audacity’ for fighting fee

In this Nov. 14,2009, file photo, President Barack Obama delivers a speech in Tokyo President Barack Obama on Saturday slammed Wall Street’s “audacity” for fighting a bailout fee he wants to slap on financial firms and said his Republican opponents had sided with big banks. With Obama’s popularity hovering around 50 percent and congressional elections [...]

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Stocks soar in wake of Wall Street rally

October 19, 2009
Stocks soar in wake of Wall Street rally

Stocks soared on the HCM City Stock Exchange last week, with the VN-Index advancing 4.73 per cent on the week to close at 609.54, on very heavy trading. On the Ha Noi Stock Exchange, the HNX-Index accumulated an even more impressive 9.05 per cent over the previous Friday’s close to end the week at 206.82.Nguyen [...]

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Four percent loan subsidy to continue through 2010

October 13, 2009
Four percent loan subsidy to continue through 2010

LookAtVietnam – The State Bank (SBV) has announced that it will extend a subsidized-lending program to the end of 2010.    SBV said on its Web site October 12 that the policy extension will support businesses and individuals requiring medium to long-term capital. The subsidized-lending program shaves four percentage points off interest rates on loans that [...]

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Wall Street doesn’t feel guilty one year after financial crisis

September 16, 2009
Wall Street doesn’t feel guilty one year after financial crisis

The Hamptons in New York State, on the eastern tip of Long Island, has long been the summer playground for Wall Street executives. Only a 90-minute drive from Manhattan, this small piece of heaven on earth along the Atlantic coastline is dotted with multi-million dollar summer homes for some of Wall Street’s best known names. [...]

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Obama pushes for financial regulation reform on Lehman collapse anniversary

September 15, 2009
Obama pushes for financial regulation reform on Lehman collapse anniversary

U.S. President Barack Obama, speaking one year after Lehman Brothers Holdings Inc.’s collapse, reiterated on Monday his plan to overhaul the financial regulation system. U.S. President Barack Obama, speaking one year after Lehman Brothers Holdings Inc.’s collapse, reiterated on Monday his plan to overhaul the financial regulation system and urged the Congress to pass the [...]

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Wall Street plunges amid global sell-off

August 18, 2009
Wall Street plunges amid global sell-off

Wall Street plunged on Monday amid global sell-off, as investors around the world feared the recent rally of equities had outpaced the prospects for economic growth. Stocks on overseas markets extended the heavy selling that began on Wall Street Friday, triggered by a weaker than expected reading on consumer confidence. The Shanghai composite index fell [...]

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Wall Street rallies on positive earnings, home sales

July 24, 2009
Wall Street rallies on positive earnings, home sales

Traders work on the trading floor in the New York Stock Exchange in New York July 23, 2009. Wall Street rallied on Thursday on better-than-expected earnings and data on home sales with all major indexes jumping more than 2 percent. The Dow Jones Industrial Average topped the 9,000 mark for the first time since January. [...]

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Wall Street rallies on CIT deal, positive economic data

July 21, 2009
Wall Street rallies on CIT deal, positive economic data

Traders work on the trading floor in New York Stocks Exchange, the United States, July 20, 2009. Wall Street rallied on Monday as CIT Group reached a deal with key bondholders while a reading of economic indicators topped estimates. The Dow Jones average rose 104.21, or 1.2 percent, to 8,848.15. The S&P 500 index rose [...]

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Earnings to decide stocks’ fate

July 20, 2009
Earnings to decide stocks’ fate

Traders work on the floor of the New York Stock Exchange in New York last Friday Earnings are set to take center stage again this week as more marquee US companies line up to report their quarterly scorecards and investors decide whether to keep pushing stocks higher. Investors will turn their attention to household names [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...