May 19th
NEW YORK, May 19 — Gold rose more than 1 per cent yesterday, on track for its largest two-day gain since October, boosted by investors’ consolidation of positions ahead of the weekend and a stronger euro. The second day of gains helped bolster confidence, which had been shaken by gold’s fall earlier this week to a four-month low at US$1,527 …
Original post: Precious gold jumps, heads for biggest 2-day gain since October
May 19th
NEW YORK, May 19 — US stocks fell yesterday as investors turned cautious before leaders of the Group of Eight nations met about the euro zone debt crisis and after a shaky market debut by Facebook Inc. The S&P 500 dipped below the 1,300 level, seen as a key support point, for the first time since mid-January, before the meeting by the leaders of …
Original post: US stocks: Wall Street falls before G8 leaders meet on euro zone
May 18th
NEW YORK, May 18 — Facebook priced its initial public offering at US$38 a share, giving the world’s No. 1 online social network a US$104 billion (RM323.1 billion) valuation in the third largest offering in US history.
May 17th
NEW YORK, May 17 — Investors who want Facebook Inc shares when the No. 1 online social network goes public later this week may have lost the opportunity. TD Ameritrade and Fidelity’s brokerage arm both stopped accepting orders of Facebook shares as of yesterday evening, according to representatives for each of the companies
Original post: Some US brokerages stop taking Facebook IPO orders
May 15th
NEW YORK, May 15 – Facebook Inc increased the price range on its initial public offering an average of 14 per cent to raise more than US$12 billion (RM36.99 billion), giving the world’s No.
The rest is here: Facebook increases IPO range to raise US$12.1 billion
May 14th
NEW YORK, May 15 — US Treasury prices rose on Monday, pushing yields down to their lowest levels since early October, as political turmoil in Greece, an anti-austerity vote in Germany and concern of slower growth in China drove a bid for safety.
May 12th
NEW YORK, May 12 – Chesapeake Energy Corp said it had received a US$3 billion (RM9.22 billion) loan from Goldman Sachs and Jeffries Group that will give it breathing room to sell assets and close a funding gap this year.
Go here to read the rest: Chesapeake wins breathing space with US$3b loan
May 10th
NEW YORK, May 11 — JPMorgan Chase & Co said yesterday that it suffered a US$2 billion (RM6 billion) trading loss from a failed hedging strategy, a disclosure that hit financial stocks and the reputation of the bank and its prominent CEO, Jamie Dimon. Since the end of March, the company’s Chief Investment Office “has had significant mark-to-market …
May 8th
NEW YORK, May 8 — Investors sold risk assets like the euro, oil and stocks today as Greece’s commitment to bailout pledges was put into question, adding to concerns over a possible Franco-German split on policies to tackle the region’s debt crisis.
Originally posted here: Global markets: Euro, stocks fall on Greek commitment worries