Latest News in Stock Market and Investments – Dec 22, 2008

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Lump of Coal Awards, Part 2 – Marketwatch

21 Dec 2008 at 1:16pm
BOSTON (MarketWatch) — It’s been a terrible year for the stock market, but a banner 12 months for misbehavior, misguided thinking and outrageous maneuvering in the fund business. That’s why there’s plenty of material for the 2008 Lump of Coal Awards …

Macquarie Bank adjusts rating on China Life H-share down to “neutral” – Tradi…

21 Dec 2008 at 10:56pm
China Life posted a premium income increase of 16 percent on year in November, comparing to the 53 percent and 41 percent increase in October and September, respectively. But Macquarie added that life insurance products outperformed other investment …

Stock & fund quotes – ninemsn

22 Dec 2008 at 2:16am
Negative sentiment across global markets continues to affect the commercial property sector, with Commonwealth Property Office Fund (CPA) cutting the value of some of its properties by almost nine per cent. The manager of CPA, Colonial First State …

Taking Stock / Charles Ponzi returns – Haaretz.com

22 Dec 2008 at 2:09am
1Charles Ponzi: An Italian who emigrated to the United States in 1903. In less than 15 years he’d become a multimillionaire by dint of bilking thousands of credulous investors. His system was simple. He took people’s money and promised them returns …

Most Asian Stock Markets Fall on Profit Concern; Rio, HSBC Drop – Bloomberg

22 Dec 2008 at 12:00am
Dec. 22 (Bloomberg) — Most Asian stock markets fell, led by material producers and finance companies, on increasing signs the deepening global recession is hurting corporate profits. Rio Tinto Group dropped 4.1 percent as UBS AG cut its earnings …

Stock market report: Monday preview – This is Money

22 Dec 2008 at 12:29am
Barclays Chief Executive John Varley told BBC television that bank lending will take 1-2 years to return to normal, and asset prices need as much as 18 months to stabilise. Monetary policy alone cannot help the economy avoid some of the worst …

Minsheng buys more shares of UCBH Holdings – China Economic Net

22 Dec 2008 at 1:05am
China Minsheng Banking Corp has announced that the State Administration of Foreign Exchange had approved its proposal to increase proportion shares of the US-based UCBH Holdings Inc from 4.9 percent to 9.9 percent. The Chinese bank will buy 6,164,766 …

Gazprom Revises Its Investment Program – Kommersant

21 Dec 2008 at 10:34pm
Yesterday, the Gazprom?s administration approved confirmed budget of the company for this year, which foresees an additional 171 billion rubles in revenue. The part of this money would be directed for the financing of Northern-European Gas Pipeline …

Quinn’s losses on Anglo spiral past ?1.5bn mark – Independent

22 Dec 2008 at 12:22am
THE voting rights of billionaire Sean Quinn at Anglo Irish Bank will be squeezed from an estimated 15pc to 3.75pc as the Government prepares to inject ?1.5bn for 75pc control of the bank. The family of country’s richest man is believed to be …

AUST PORT, RAIL OPERATOR ASCIANO ASSESSES BIDS FOR COAL BIZ – TradingMarkets.com

21 Dec 2008 at 7:50pm
Asciano, which operates Pacific National rail and Patrick ports, has been looking to sell around 50 per cent of the PN coal business, which analysts estimate is worth around $2 billion in total. The company said on Monday it had received offers for a …

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December 22 2008 02:07 am | Stock Market News

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