France, Italy, Spain and Belgium have banned the short-selling of stocks to calm market turmoil aggravated by rumors about Europe’s huge debts. The European Union markets supervisor made the announcement late Thursday after two days of volatile trading caused French bank stocks to rise and fall by huge amounts. The bans on short-selling in the […]
4 EU Countries Ban Short-Selling of Stocks
Posted August 12th, 2011 at 2:40 am (UTC-5)
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Asian Stock Markets Open Higher Friday
Posted August 11th, 2011 at 9:45 pm (UTC-5)
Asian stock markets opened higher Friday, a day after key U.S. stock indexes rebounded with major gains. Japan’s benchmark Nikkei index was up about a half of one percent in early trading Friday, erasing some of Thursday’s losses. Stock markets in Australia and New Zealand also showed early gains Friday. The rebound came after U.S. […]
4 EU Countries Ban Short-Selling of Stocks
Posted August 11th, 2011 at 8:20 pm (UTC-5)
France, Italy, Spain and Belgium are imposing bans on short-selling of stocks to calm market turmoil aggravated by rumors about Europe’s huge debts. The European Union markets supervisor made the announcement late Thursday after two days of volatile trading caused French bank stocks to rise and fall by huge amounts. The bans on short-selling in […]
4 EU Countries Ban Short-Selling of Stocks
Posted August 11th, 2011 at 7:25 pm (UTC-5)
France, Italy, Spain and Belgium are imposing bans on short-selling of stocks to calm market turmoil aggravated by rumors about Europe’s huge debts. The European Union markets supervisor made the announcement late Thursday after two days of volatile trading caused French bank stocks to rise and fall by huge amounts. The bans on short selling […]
French Market regulator Warns Against Rumors
Posted August 11th, 2011 at 6:10 pm (UTC-5)
France’s market authority has warned that unfounded rumors are unsettling the stock market, causing bank shares to plummet. The AMF securities regulator Thursday announced a ban on short-selling on select stocks and warned of possible penalties for spreading wrong information and profiting from it. Short selling is profiting from bets on the decline in a […]
Obama Urges Passage of Job Creation Bills
Posted August 11th, 2011 at 3:45 pm (UTC-5)
U.S. President Barack Obama has told workers at a battery plant in Michigan that Americans must pressure Congress to pass bills that will create jobs. He spoke Thursday in Holland, Michigan, at a plant where a $3 million federal grant is expected to create some 150 jobs making batteries for hybrid and electric cars in […]
US, European Stocks Rebound on Positive US Jobs Data
Posted August 11th, 2011 at 3:30 pm (UTC-5)
U.S. and European stock markets rose sharply on Thursday, rebounding from steep losses the previous day as buyers drew encouragement from a better-than-expected U.S. jobs report. U.S. stock indexes were more than four percent in afternoon trading, while major indexes in London, Paris and Frankfurt closed up about three percent. It was the latest in […]
Obama to Talk About Jobs in Hard-Hit Michigan
Posted August 11th, 2011 at 2:25 pm (UTC-5)
U.S. President Barack Obama is visiting Michigan Thursday, to talk about job creation in a state where the unemployment rate exceeds the national average. Mr. Obama is touring a plant that makes advanced batteries for hybrid and electric vehicles. The plant has received a $3 million federal grant and expects to create 150 jobs in […]
Merkel, Sarkozy to Meet on Europe’s Debt Crisis
Posted August 11th, 2011 at 2:10 pm (UTC-5)
German Chancellor Angela Merkel and French President Nicolas Sarkozy are planning to meet next week to see if they can craft a plan to contain Europe’s governmental debt contagion and improve financial management in the 17-nation bloc that uses the common euro currency. The leaders of the two countries with Europe’s biggest economies said Thursday […]
New US Jobless Claims Fall to Four-month Low
Posted August 11th, 2011 at 11:15 am (UTC-5)
First-time claims for jobless benefits in the United States have fallen to a four-month low, an indication companies are laying off fewer workers. The U.S. government reported Thursday that 395,000 unemployed workers made their initial claim for financial assistance last week, a decline of 7,000 from the previous week. It was the fewest number of […]
