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AFP
Thursday, 22 March 2007
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 AFP - Europe's main stock markets soared on Thursday after solid gains overnight on Wall Street and earlier in Tokyo, as investors focused on prospects for a cut in US interest rates later this year.
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AP
Thursday, 22 March 2007
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AP - Book retailer Borders Group Inc. swung to a fourth-quarter loss on Thursday as it disclosed plans to close nearly half of its Waldenbooks stores and the possible sale of some international businesses as part of a restructuring plan. |
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FT.com
Thursday, 22 March 2007
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FT.com - London equities mirrored the strong performance on Wall Street and in Asia overnight, opening sharply higher as investors were cheered by the Fed's decision to keep US interest rates on hold. |
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FT.com
Thursday, 22 March 2007
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FT.com - RAB Capital has decided not to move to the main London market even though the Aim-listed hedge fund manager would have been a member of the FTSE 350 index, it said on Thursday. |
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FT.com
Thursday, 22 March 2007
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FT.com - The Nikkei climbed to a three-week high on Thursday, buoyed by renewed optimism about the US economy. |
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Reuters
Thursday, 22 March 2007
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Reuters - The U.S. Senate will delve into the
problems in subprime mortgage market on Thursday at a committee
hearing where federal banking regulators and top lending
company officers will face tough questioning. |
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AP
Thursday, 22 March 2007
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 AP - FedEx Corp. reported a 2 percent drop in third-quarter earnings Wednesday, blaming the decline largely on an economic slowdown that tested the company's ability to quickly adjust costs. The shipping company said it also will have to struggle to keep up with a long-range goal of 10 percent to 15 percent growth a year in per share earnings.
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Reuters
Thursday, 22 March 2007
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Reuters - Connecticut Democratic Sen.
Christopher Dodd on Wednesday laid blame for the subprime
mortgage market crisis at the feet of federal regulators. |
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FT.com
Thursday, 22 March 2007
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FT.com - Is that the sound of a furiously backpedalling Federal Reserve? Less than two months ago the Fed was decidedly upbeat. While not quite sounding the all-clear on the US economy, it talked of signs of stabilisation in the housing market and improved readings on inflation. On Wednesday, it had a very different message on those twin threats. Its statement described the adjustment in the housing sector (a risk to economic growth) as "ongoing". And it said recent readings on inflation have been "somewhat elevated". |
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Reuters
Thursday, 22 March 2007
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 Reuters - Stocks rallied on Wednesday, with the
S&P 500 notching its biggest percentage gain in eight months,
after investors viewed a statement from the Federal Reserve as
signaling the central bank's next move may be a cut in interest
rates.
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AFP
Thursday, 22 March 2007
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 AFP - The Federal Reserve held a key interest rate steady Wednesday and largely brushed off fears about a downward spiral in the US economy while backing away from a threatened rate hike.
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