Daily FNArena News - FYI
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Merrill Lynch Sold And Lehman…Gone
Sep 15 2008
Rather than acquire Lehman Brothers Bank of America is now buying Merrill Lynch for around US$44 billion seeing Lehman Brothers announce a move to chapter 11.
Global Banks Prepare For Lehman Bankruptcy
Sep 15 2008
A consortium of global banks is preparing a rescue fund for the market – but not for Lehman.
Rudi On Thursday
Sep 15 2008
Weekly musings from your editor. I think I have discovered a new barometer for global economic growth. Investors better watch this one closely before making any decisive decisions.
The Week Ahead: It’s Mostly About America
Sep 15 2008
Not much on the local calender, but plenty of attention will be paid to economic development in the US and Europe. And to Lehman Bros of course.
No Deal Re Lehman After First Day Of Talks
Sep 14 2008
It’s been a long day for US authorities and various bankers trying to find a solution for troubled investment bank Lehman. So far no deal appears to be in the making.
On The US Dollar, Commodities And Gold
Sep 12 2008
Are we soon to see a turnaround in any of these interrelated elements?
Things Are Pretty Grim In New Zealand
Sep 12 2008
The Reserve Bank of New Zealand surprised the market yesterday with a bigger than expected cut to official interest rates.
The Screws Turn On European Banks
Sep 10 2008
Bank deposits in Europe are not rising to meet loan demand, exerting even more earnings and balance sheet pressure on the sector.
Implications Of The Fanny And Freddie Bailout
Sep 08 2008
The US Treasury’s rescue of Freddie Mac and Fannie May should help US markets rally, pulling Australian equities along for the ride.
The Carnival Is Over: Fannie And Freddie Seized
Sep 08 2008
It was inevitable. The US government last night stepped in to take over control of mortgage lenders Fannie Mae and Freddie Mac.
