Word: mood
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...Despite Monday's mostly rosier mood, there were developments that could have given markets as much to choke on than cheer about. Over the weekend the heads of French savings bank Caisses d'Epargne were forced to resign following revelations that unauthorized derivatives trading last week produced a $810 million loss. On Sunday, meanwhile, the Netherlands said it would inject a further $13.5 billion into troubled finance company ING - another indication that European banks may not yet have entirely accounted for all the toxic debt they assumed...
...this year. With just about a week to go until Diwali, the mood is decidedly downbeat. The demon of impending economic doom refuses to die, and as tightened liquidity makes people put off larger purchases, the real estate sector is facing the worst attack. "This time last year, I was selling 10 to 12 properties every day," says Alok Gupta, who runs Advanced Real Estate in the New Delhi suburb of Noida. "This time, I haven't sold a single property all month...
...Among the harbingers of the changing mood: Nakheel, the developer of Dubai's proposed kilometer-high skyscraper near Jebel Ali airport, recently announced that it is reassessing its overall staffing needs in line with "predictions of a downturn in the global economy." Boardrooms and coffee shops alike are buzzing with talk about the coming fall. The Cairo-based investment bank EFG-Hermes recently predicted that Dubai property values could tumble as much as 20% in the next three years. Share prices of Emaar, a public Dubai company that has become one of the biggest real estate developers in the world...
...ECAC foes as it prepares for the clean slate of the Northern Championships.Although the Crimson could not build on Saturday’s success to break its own nine-game losing streak against the No. 14 Terriers, the weekend split still marked an improvement over recent struggles.With the celebratory mood of Senior Day intact, the Crimson will look to use this enthusiasm to reverse its fortunes in the postseason.ST. FRANCIS 11, HARVARD 3Harvard’s offense proved ineffective in yesterday’s loss to the Terriers. The Crimson held its own against the ranked foe in the first...
...just four minutes later. This time it was Fucito who put it through to freshman Baba Omosegbon for his first career goal. At 4-0, the Brown fans started heading for the exit, and the Crimson was home clear.Even a late consolation from the Bears could not dampen the mood following the match. After defeating their most intense rival by such a lopsided scoreline, the Harvard players could hardly contain their smiles.“If we can continue to play like we did tonight then I think we can make a good run—not just in Ivies...