Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 2971 - 2980 of 3072 results for "Benjamin"

Rescue package YES, economy NO

BENJAMIN ONG  |  FRIDAY, 3 OCT 2008
Following last Monday's preview of a financial market pandemonium, there was little doubt in anyone's mind that the US Senate will pass the Treasury's US$700 billion rescue package. The Senate voted 74 to 25 in favour of the Emergency Economic Stabilization ...

Rescuing the rescue package

BENJAMIN ONG  |  THURSDAY, 2 OCT 2008
An eerie calm fell over Wall Street and European markets overnight as investors sat on the fence ahead of the US Senate's vote over the financial sector rescue package. The Senate is widely expected to rescue the rescue package but it would not become ...

Head or tails?

BENJAMIN ONG  |  WEDNESDAY, 1 OCT 2008
Heads, you lose US$1 trillion. Tails, you lose US$700 billion. This is the stark choice that stares the US Congress in the face after seeing the market pandemonium that followed their rejection of the Treasury/Federal Reserve's bail-out package. Relative ...

Soup for Christmas

BENJAMIN ONG  |  TUESDAY, 30 SEP 2008
You call last week a sell-off, this is a sell-off. Wall Street is now more than US$1,000,000,000,000 (US$1 trillion) cheaper as investors dumped stocks following news of the US House of Representatives' rejection of the US$700 billion financial sector ...

Emergency Economic Stabilization Act of 2008

BENJAMIN ONG  |  MONDAY, 29 SEP 2008
Volatility ruled financial market activity last week as investors ignored economic data and focused on developments surrounding the US Treasury/Federal Reserve negotiations with Congress over their proposed bail-out package. Equity and bond markets ...

Global recession coming?

BENJAMIN ONG  |  FRIDAY, 26 SEP 2008
Financial markets' attention remains glued to the developing negotiations with regard to the proposed US$700 billion Treasury Asset Relief Program. Equity markets closed higher overnight following reports that the US Congress is close to approving the ...

TARP or TRAP?

BENJAMIN ONG  |  THURSDAY, 25 SEP 2008
The Financial Standard Intelligence Unit yesterday outlined two extreme scenarios - a positive and a negative -- that could arise as a consequence of the US Congress' passing the US Treasury/Federal Reserve's 'mother of all bail-outs' package. Last ...

The good and the bad

BENJAMIN ONG  |  WEDNESDAY, 24 SEP 2008
The US Congress is still deliberating the administration's latest rescue package - the details and the cost. The Financial Standard Intelligence Unit (FSIU) acknowledges that despite the delay, the US Congress will ultimately pass the government's bailout ...

Borrow from Peter to pay Paul

BENJAMIN ONG  |  TUESDAY, 23 SEP 2008
Financial markets' attention remains centred on what the US government's 'mother of all bailouts' will eventually turn out to be and more important, how much it will cost. Just as the Financial Standard Intelligence Unit (FSIU) predicted, equity markets ...

Greater fool with no shorts

BENJAMIN ONG  |  MONDAY, 22 SEP 2008
Equity markets rebounded sharply at the end of last week's trading as America's administrative, fiscal, monetary and regulatory authorities combined to wrench the claws off the credit squeeze that, last week, threatened to strangle the US financial ...