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| | | ... futures contract was down 129 points to 4698, on a volume of 68,262 contracts. Investors ran for cover after the emergency sale of Wall Street stalwart Merrill Lynch to Bank of America for $US50 billion ($A61 billion) in stock and Lehman Brothers filed ... |
| | | | The demise of Lehman Brothers and the rushed sale of Merrill Lynch to Bank of America are just the latest examples of the ongoing financials fallout. But does it mean the sector is now full of bargain stocks carried in the sweep? Not quite - and not ... |
| | | | ... make wage and salary payments and continue other benefits to its employees." Meanwhile Lehman Brothers is continuing the sale of its broker dealer operations, and is currently in advanced discussions with potential buyers to sell its investment management ... |
| | | | ... into a freefall on Monday over financial market uncertainty revolving around the Lehman Brothers bankruptcy and the fire sale of Merrill Lynch. At 0722 AEST, the Sydney Futures Exchange's September Share Price Index contract was 135 points lower at 4,692. ... |
| | | | This Week's Market Movers (15 - 19 Sep 2008) The market jubilation that followed the US Treasury's rescue of Fannie Mae and Freddie Mac early last week quickly faded as problems in Lehman Brothers, Washington Mutual and American International Group ... |
| | | | Franklin Templeton Investments is expanding its services to the $13 trillion sovereign wealth fund (SWF) sector. The firm promoted David Smart as global head of sovereign wealth and supranationals. Smart will be based in the firm's London office and ... |
| | | | OneVue's separately managed account (SMA) product, ShareInvest, received an 'approved' rating from Lonsec. Lonsec found the product's fees were transparent and reasonable for the administration service provided. "This means when financial planners use ... |
| | | | Omgeo has clinched more than 200 hedge fund clients, including the top players globally, after it developed a hedge fund offering which solves many of the headaches associated with administering middle-office hedge fund transactions. While hedge fund ... |
| | | | This Week's Market Movers (8 - 12 Sep 2008) The financial market volatility of the previous months spilled over into September. Weakening economic growth, falling commodity prices and political uncertainty in the US -- government is on hold until the ... |
| | | | The Australian share market was over two per cent lower at noon, led by the banks, after US stocks dropped overnight on renewed concerns about the economy. At 1200 AEST, the benchmark S&P/ASX200 was down 102.9 points, or 2.07 per cent, to 4,876.6, while ... |
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