Financials fuel global stocks rally
Global stock markets saw a strong rebound from recent heavy selling with financial stocks leading the way after HSBC, Citigroup and the US Federal Reserve chairman all brought reasons for a change of mood
March 10, 2009
Saving rates drop to record low
The average interest rate for savers who want instant access to their money is now barely above zero, figures show.
Industrial output falls worse than feared
Industrial production in the UK declined by even more than expected in January, with the sharp fall in its manufacturing component sparked by a sharp decline in the transport equipment industries
12% of Homeowners Behind on Mortgages
Twelve percent of all U.S. homeowners are behind in their mortgage payments or in foreclosure, including a stunning 48% of those with subprime adjustable-rate mortgages, new data showed Thursday. “We’re seeing increases in fixed-rate categories and that’s where the problems are coming from,” …
Barclays warned on toxic asset dumping
Barclays was warned that its balance sheet would be subject to forensic Treasury examination if it decided to dump toxic assets on the taxpayer