Word: stockely
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...legions of laid-off migrant workers roaming the streets in search of jobs is bound to keep Beijing's economic policymakers, who fear the political consequences of widespread social unrest, up at night. Sun, the Lehman Brothers economist, says as manufacturers are pushed to the brink, China's stock markets could see sharp declines. Given that many large, listed Chinese companies pad their profits by investing in stocks themselves, "a big correction could bring [corporate earnings] even lower, and a vicious cycle could result," says...
...Bernanke this week helped prevent the bankruptcy of a major brokerage house, Bear Stearns, and cut U.S. interest rates 0.75 of a percentage point to try to keep America from slipping into recession. But in Japan, there's little central bank activity, despite the threat of recession, a sliding stock market, and the decline of the dollar to its lowest level against the yen in 13 years. "At this moment the situation is very bad and it will take time to settle a normal relationship between the LDP and the DPJ," says Iio, a professor of government. "The situation...
...While the company name dates back to the 1920s, the foundations for today's business were put in place at the end of the '60s, when brothers Uwe and Jochen Holy started to manufacture menswear under their grandfather's name. By 1985, Hugo Boss was listed on the German stock exchange, and today it is part of V.F.G. International N.V. (Valentino Fashion Group S.p.A., named for Valentino Garavani), which is majority-controlled by private-equity firm Permira...
...drew on what he had learned about transition economies as an undergraduate in Harvard’s economics department as he worked to modernize Iraq’s stock exchange and commerce law, Foley said...
...decision by the Federal Reserve to lend up to $30 billion to JPMorgan Chase to absorb floundering investment bank Bear Sterns. Summers said that the takeover was “as dramatic an episode for the U.S. financial system as we’ve had” since the stock market crash of 1987, but he called the decision “appropriate.” Summers criticized current Treasury Secretary Henry M. Paulson, Jr., for being too timid in the wake of the sub-prime mortgage crisis. While more caution could have helped avert the problem, Summers said...