Daily FNArena News

Bank of America announced a US$2bn investment in embattled US mortgage lender Countrywide after market, sending Countrywide’s shares soaring.

Stocks went up and bonds went down last night as a seized credit market began to see the first signs of movement.

Weekly musings by your editor. This week he looks into positive and negative earnings surprises in the August results season thus far.

If fallout from the current global adjustment of risk perception becomes permanent, how would that affect the economy? Commonwealth Research has some numbers.

GFMS has released its second quarter report into gold market dehedging.

Virgon Blue’s earnings came in well above market consensus and brokers remain broadly positive on the stock as they upgrade earnings forecasts.

Panic gave way to simple anxiety on Wall Street last night as the only news of any consequence was a fall in the oil price.

While industry consultant TradeTech kept its weekly uranium spot price indicator unchanged at US$125/lb, UxC dropped its own indicator to US$90/lb.

The Australian branch of the Alternative Investment Management Association released its latest guidelines for hedge fund disclosure on August 16, in an unfortunate bit of timing.

QBE Insurance easily beat expectations with its half-year profit and expectations of continued strength in margins has driven upgrades to consensus earnings forecasts.