Record high on Wall Street lifts Asian spirits
SYDNEY (Reuters) – Asian stocks got off to an encouraging start on Monday after strong results from the likes of Microsoft drove Wall Street to another record closing high, while the safe-haven yen slipped in thin early trade.
New York Fed examines mortgage real estate investment trusts: FT
(Reuters) – The New York Fed is examining banks’ exposure to a type of mortgage-backed security that is vulnerable to a sharp rise in interest rates, the Financial Times reported, citing unnamed people familiar with the matter.
GM says China partnership with SAIC strong, eyes Indonesia tie-up
SHANGHAI (Reuters) – General Motors Co has dismissed speculation its ties with China’s SAIC Motor Corp are fraying, saying the partnership is thriving and the two car makers are discussing further collaboration in Indonesia.
Macquarie eyes a slice of Australian banks’ home mortgage pie
SYDNEY (Reuters) – Australia’s largest investment bank Macquarie Group Ltd is pushing rapidly into home mortgages, threatening to disrupt a highly profitable segment of the banking industry long dominated by the country’s top four lenders.
Report due on Japan’s Mizuho mob-loan scandal, serious penalty unlikely
TOKYO (Reuters) – Mizuho Financial Group will try to put a loans-to-mobsters scandal behind it on Monday, but while Japan’s second-biggest bank by assets may escape serious penalty it faces an uphill battle in catching up with its expanding peers.
Exclusive: Washington lobbying law firm in merger talks – sources
(Reuters) – Washington law firm Patton Boggs, well known for its lobbying and public policy work, is in talks to merge with a larger U.S. law firm, according to two former partners and a person with inside knowledge of the deal.
Wall Street’s love affair with Facebook hinges on mobile
SAN FRANCISCO (Reuters) – Facebook Inc finally earned Wall Street’s love in the second quarter. Now it needs to make the relationship last.
Wall Street’s love affair with Facebook hinges on mobile
SAN FRANCISCO (Reuters) – Facebook Inc finally earned Wall Street’s love in the second quarter. Now it needs to make the relationship last.
Global Economy: No Halloween horrors in store from the Fed
LONDON (Reuters) – Back in May and June, Federal Reserve Chairman Ben Bernanke played a trick on markets by sketching out a timetable for reducing the central bank’s $85 billion-a-month bond buying. Investors recoiled in horror and bond yields surged.
Kohl’s makeover could lift shares: Barron’s
(Reuters) – Skeptics who think that Kohl’s Corp is a bland stock should reconsider, according to a report in financial weekly Barron’s October 28 edition.
