Posts Tagged ‘shares’
On Tuesday, Asian stock markets opened quietly after dramatic rises of the previous two days.
In Japan, the Nikkei index was 1.4% down at noon and similarly shares in Taiwan and Australia were also down.
Wall Street also saw downward trend at the close of trading. After big rises in stocks on Monday, the investors took some profits and it was the basic factor behind slight downward trend.
The increasing fears that global economy may not easily recover from recession also became the cause to push the Dow Jones index 0.82% as investors are paying attention to worsening economic outlook.
According to some traders Wall Street might be nervous in the coming weeks because of increasing worries. Read the rest of this entry
To tackle the current banking crisis, European leaders have agreed and plan as they announced that no big bank would be allowed to declare itself bankrupt.
In their meeting in Paris, the European leaders announced that they would guarantee loans between banks by the end of 2009 and keep money in them for buying preference shares.
French President Nicolas Sarkozy said in his address that the European countries are taking unprecedented steps to tackle the current crisis.
Rescue plan related news came from Mr. Sarkozy after 15 countries’ leaders talks of the euro currency zone. France holds the rotating presidency of the European Union at present. Read the rest of this entry
US investment guru Warren Buffett owned company Berkshire Hathaway buys $5bn worth shares of Goldman Sachs.
MR Buffet, who is considered the world’s most famous investor, believes that Goldman Sachs is an exceptional institution.
Like many other major US financial institutions that are in serious financial crisis these days Goldman Sachs had to change its status from an investment bank this week. Gold Sachs stated that the deal would help to strengthen its finances.
Berkshire Hathaway will buy $ 5bn worth preferred stock by bearing a 10% annual interest rate. Read the rest of this entry
Microsoft is making plans to spend $40bn in an attempt to buy back its shares from investors. It is being said that it would be the biggest buy-back plan in history.
According to analysts, the software giant is taking this step to prop up its share price by utilizing the spare cash that the company has. This year, Microsoft’s share price has fallen almost 30% this year.
Same sort of buy-back plans have also been announced by PC maker Hewlett-Packard and Nike. Read the rest of this entry
