Financial News

Geoff Foster, Daily Mail25 January 2008, 8:01am Rogue trader Jerome Kerviel was yesterday blamed for wreaking havoc in world stock markets. WANT TO KNOW MORE? London shares soar after Wall St whiplash Face of 'world's biggest bank fraudster' Share tips: Financial Mail Midas Extra OTHER STORIES Market report: Friday latest Market report: Thursday close Yesterday trading: Uncle B ...

SINGAPORE (Thomson Financial) - Singapore shares rallied for a third straight session on Friday, tracking Wall Street's gains overnight, with sentiment further lifted by positive news flow from the US and hopes for further Fed rate cuts. Investors were heartened by the confirmation of the Bush administration's fiscal stimulus package, which offers tax rebates of 600-1,200 US dollars. The releas ...

LONDON (Thomson Financial) - Leading shares remained firmer midmorning, albeit off highs, with Scottish & Newcastle gaining after finally agreeing to be taken over by Heineken and Carlsberg for 7.6 bln stg cash. At 10.15 am, the FTSE 100 index was up 30.1 points at 5,905.9, having been as high as 5,973.3. The FTSE 250 index was off 57.8 at 9,798.5. Volume was fair, with 712.6 mln shares havi ...

SINGAPORE (Thomson Financial) - Singapore shares rallied for a third straight session on Friday, tracking Wall Street's gains overnight, with sentiment further lifted by positive news flow from the US and hopes for further Fed rate cuts. Investors were heartened by the confirmation of the Bush administration's fiscal stimulus package, which offers tax rebates of 600-1,200 US dollars. The releas ...

STUTTGART (Thomson Financial) - Porsche SE chief executive Wendelin Wiedeking strongly criticised the German government's proposed changes to the Volkswagen Law, saying the plans to retain a 20 pct blocking minority vote "do not make any sense" at all. Justice minister Brigitte Zypries announced mid-January that the government wants to hold on to a clause in the law that would allow a b ...

By David Jones LONDON (Reuters) - Carlsberg and Heineken on Friday finally agreed a cash bid of 7.8 billion pounds to buy and break up Scottish and Newcastle (S&N) to boost the Danish brewer's position in Russia and the Dutch group's presence in western Europe. Carlsberg and Heineken said they had agreed a deal at 800 pence a S&N share which was recommended by the board of Britain's bigges ...

MUMBAI (Thomson Financial) - (updates index figures, adds share-specific movements) Indian shares opened higher Friday tracking positive cues from other Asian markets and heavy buying in the index shares, as the retail investors are expected to continue to keep away from the markets. The Bombay Stock Exchange's 30-share Sensex opened up 282.26 points, or 1.64 pct, at 17,504 while the National St ...