Global Financial Markets: Investment Markets Services

Investors work through Lehman’s announcement of a steep quarterly loss, getting a boost from some upbeat earnings forecasts and the dollar’s advance. Stocks ended higher Wednesday as investors scooped up shares battered in the previous session’s
selloff and sorted through Lehman Brothers’ steep quarterly loss and restructuring plans.

Strong earnings forecasts from FedEx and Texas Instruments, a firmer dollar, and lower oil and gold prices lent additional support. [Read more →]

Tags: Asian markets, Economic news, Market Data, Stock Exchange, financial markets, financial news, global business, global stock markets, stock markets by Financial Specialist
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Wall Street firm reveals major restructuring: spin-off of commercial real estate assets and plan to sell stake in investment management division.
Lehman Brothers suffered its worst quarterly loss since going public, reporting a loss of nearly $4 billion Wednesday, and announced a series of drastic steps aimed at reviving the beleaguered firm.

Among those changes were plans by the firm to spin-off part of its commercial real estate assets, sell a majority stake of its investment management division and slash its annual dividend. [Read more →]

Tags: Asian markets, Banks, Business, Economic news, U.S. Economy, financial news, global business, investment markets, overseas markets by Financial Specialist
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The central bank is likely to keep its key interest rate at 2% at its September 16 meeting but expectations are growing for a rate cut before year’s end.
While the Federal Reserve is widely expected to once again hold a key interest rate at 2% when it meets on Tuesday, there is a growing sense that the Fed may have to cut rates by the end of the year.

If the Fed does so, it would mark a dramatic change in the central bank’s assessment of the economy. As recently as the Fed’s last meeting in August, Fed members indicated that their next move would be to hike rates at some undetermined point in the future in order to fight inflation. [Read more →]

Tags: Asian markets, Bank of America, Banks, Economic news, U.S. Economy, central banks, financial markets, financial news, global business, investment markets by Financial Specialist
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Senators to convene at Capitol Hill energy summit on Friday but experts are skeptical as to whether Congress can agree on an energy bill by Sept. 26 deadline.
An energy summit is taking place Friday on Capitol Hill and all 100 senators – including the presidential candidates – are invited to attend. But with all the partisan sniping on The Hill, it’s hard to tell if a comprehensive energy bill will be signed into law anytime soon. [Read more →]

Tags: Economic news, Economy, U.S. Economy, U.S. stock market, financial asset management, financial markets, financial news, financial review, global business by Financial Specialist
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