2005 August

August 31, 2005

Hurricane damage faces assessment as inventories already down

by Brian Turner

Oil companies have begun the process of assessing the damage to their Gulf Coast and Gulf of Mexico facilities and are trying to figure out how many days, weeks, or months it will take to get production back up to normal. As of Wednesday, 95 percent of gas and oil production in the Gulf is still shut down ...

August 29, 2005

ADR’s see fall in New York on oil prices

by Brian Turner

...

Greenspan leaves warning in Kansas

by Brian Turner

Retiring Federal Reserve chairman Alan Greenspan left a warning with economists attending the Kansas City Federal Reserve’s annual conference with a warning about bidding home and stock prices too high in the belief that markets cannot reverse direction. Included in his audience were several possible successors to the job Mr. Greenspan has held for almost 20 years. Mr. Greenspan emphasized ...

ADR’s see little movement as oil prices up

by Brian Turner

...

August 26, 2005

US bond market worries about recession

by Brian Turner

Comments made by outgoing Federal Reserve chairman Alan Greenspan at a conference in Wyoming on Friday sent prices down and yields up on US Treasury bonds. Mr. Greenspan, in discussing the values currently assigned to real property, made remarks that could be construed as indicating that the Fed will follow a policy of continuing to increase interest rates in order ...

August 24, 2005

Bank of New York’s index of leading ADR’s down again

by Brian Turner

...

$20 billion auction in 2 year bonds “healthy”

by Brian Turner

An auction of $20 billion in 2-year US Treasury bonds on Wednesday was called “healthy”, with a 44 percent indirect bid, something that indicates the interest of foreign and institutional bidders, but the sales was still a victim of the end-of the summer doldrums in the markets. Otherwise, US economic data was mixed with reports of record sales ...

August 23, 2005

Equities: New York down, Tokyo up

by Brian Turner

New York: The New York equities markets fell on Tuesday in response to numbers showing the number of existing homes sold were below predictions even though the figures showed that the housing sector continues to prosper as the number of homes sold during the month was the third largest ever. The Dow Jones Industrial Average lost 0.5 percent to 10,519.58, ...

10-year Treasury bond loses 3.1 basis points

by Brian Turner

Prices on US Treasury bonds were up and yields fell to their lowest levels in a month on Tuesday, mostly on figures showing that the sales of existing homes had fallen by 2.7 percent in July. In midday trading in New York, the 10-year Treasury bond had lost 3.1 basis points to a yield of 4.176 percent, while the ...

Peso and IPC down in Mexico on interest rate expectations

by Brian Turner

The Mexican peso lost value on Tuesday as investors worried about a possible drop in domestic interest rates. The peso was down 0.44 percent to 10.79 pesos to the dollar on speculation that interest rates in Mexico could be cut as early as this week when the central bank holds its twice-monthly monetary policy meeting. ...

US property market sees slump

by Brian Turner

According to the National Association of Realtors, a US trade group, sales of existing homes dropped by 2.6 percent in July to an annual rate of 7.16 million units sold. Sales were flat in the South, but fell in the rest of the country, down by 7.5 percent in the West, by 3.3 in the Northeast, and by 1.8 percent in ...

August 22, 2005

Yields fall on 10-year US treasury bonds

by Brian Turner

Yields fell on 10-year US Treasury bonds on Monday in quiet trade leading up to the end-of-summer Labor Day holiday in two weeks. Yields on the 10-year bond had gone up in early-day trade by as much as 4 basis points to 4.357 percent, but by near the end of the session, yields had dropped to 0.4 basis points ...

Merrill Lynch expects fall in US housing market

by Brian Turner

According to a report from Merrill Lynch, the huge growth in the price of homes in the United States will soon decline due to the fact that demand will drop because fewer and fewer first-time buyers can afford the steadily rising housing prices. The average price for a first home has increased by 14 percent in the past ...

Investors assured as Palocci denies scandal involvement

by Brian Turner

Brazil markets disappointed as politics scandal grows

In Brazil on Monday, both the equities markets and currency were up after Finance Minister Antonio Palocci held a press conference Sunday to deny that he has any involvement in the bribes-for-votes scandal currently rocking the country. He said that he would not resign his post and that Brazil’s economy would survive the current political turmoil. Analysts said ...

Acambis accused of stealing trade secrets

by Brian Turner

British biotechnology firm Acambis has been accused by a rival firm of stealing trade secrets in order to develop a vaccine and win the $1.9 billion contract to supply the US with the vaccine. Danish biotechnology firm Bavarian Nordic has filed suit in a US court alleging that Acambis used information gained from their research and their technology in order ...

China makes bid on PetroKazakhstan

by Brian Turner

State-owned Chinese oil company CNPC launched on Monday a bid of $4.18 billion for PetroKazakhstan. Acquisition of the company would give China access to PetroKazakhstan’s 150,000 barrels per day of oil production, only a small fraction of China’s daily consumption. Still, it is considered a strategic investment for China, which is the second-largest consumer of oil in the world. If ...

August 19, 2005

UK bond prices fall despite low expectation of near interest rate hikes

by Brian Turner

Yields on government bonds in both the UK and the United States fell during the week ending August 19 as a whole, even though yields did rise on UK gilts on Friday. Sell-offs sent prices down Friday, but over the week, yields on the 10-year gilt fell from 4.217 percent to 4.208 percent, while ...

August 18, 2005

Qantas raises profits but to cut staff for big fuel bills

by Brian Turner

Even though Qantas announced Thursday that it had an unexpectedly high 18 percent rise in profits in the first half of 2005, it also said that it will cut jobs and raise fuel levies on tickets next year to compensate for the rise in fuel prices. There was no announcement of how many of ...

Falling energry stocks hurt foreign company stocks

by Brian Turner

Shares of foreign companies traded in the United States were down again on Thursday as falling prices for crude oil and other commodities hurt results in the oil and mining sectors. Insurance and banking stocks also fell. In the banking and financial sector, American-traded shares in Kookmin Bank of South Korea were down 1.8 percent on the New ...

Brazil markets disappointed as politics scandal grows

by Brian Turner

In Brazil on Thursday, the real weakened and the stock market lost almost 1 percent on new allegations growing out of the current political scandal and on frustration that an interest rate cut expected by some investors did not materialize. The Bovespa index in Sao Paulo lost 0.95 percent to 27,156. Some analysts called the decline a “correction” ...


\| FM Home \| FM News \| FM Forum \| FM Blog \|		Friday 25th of July 2008
Browse > Home / Archive: August 2005
FM News: Banking News Insurance News Property News Mortgage News Economy News Investment News Credit Card News Debt News Loan News Pension News FM Main: FM Home Finance News Finance forums Finance Blog FM Features: Northern Rock Car Insurance Home Insurance	August 31, 2005 Hurricane damage faces assessment as inventories already down by Brian Turner Oil companies have begun the process of assessing the damage to their Gulf Coast and Gulf of Mexico facilities and are trying to figure out how many days, weeks, or months it will take to get production back up to normal. As of Wednesday, 95 percent of gas and oil production in the Gulf is still shut down ... August 29, 2005 ADR’s see fall in New York on oil prices by Brian Turner ... Greenspan leaves warning in Kansas by Brian Turner Retiring Federal Reserve chairman Alan Greenspan left a warning with economists attending the Kansas City Federal Reserve’s annual conference with a warning about bidding home and stock prices too high in the belief that markets cannot reverse direction. Included in his audience were several possible successors to the job Mr. Greenspan has held for almost 20 years. Mr. Greenspan emphasized ... ADR’s see little movement as oil prices up by Brian Turner ... August 26, 2005 US bond market worries about recession by Brian Turner Comments made by outgoing Federal Reserve chairman Alan Greenspan at a conference in Wyoming on Friday sent prices down and yields up on US Treasury bonds. Mr. Greenspan, in discussing the values currently assigned to real property, made remarks that could be construed as indicating that the Fed will follow a policy of continuing to increase interest rates in order ... August 24, 2005 Bank of New York’s index of leading ADR’s down again by Brian Turner ... $20 billion auction in 2 year bonds “healthy” by Brian Turner An auction of $20 billion in 2-year US Treasury bonds on Wednesday was called “healthy”, with a 44 percent indirect bid, something that indicates the interest of foreign and institutional bidders, but the sales was still a victim of the end-of the summer doldrums in the markets. Otherwise, US economic data was mixed with reports of record sales ... August 23, 2005 Equities: New York down, Tokyo up by Brian Turner New York: The New York equities markets fell on Tuesday in response to numbers showing the number of existing homes sold were below predictions even though the figures showed that the housing sector continues to prosper as the number of homes sold during the month was the third largest ever. The Dow Jones Industrial Average lost 0.5 percent to 10,519.58, ... 10-year Treasury bond loses 3.1 basis points by Brian Turner Prices on US Treasury bonds were up and yields fell to their lowest levels in a month on Tuesday, mostly on figures showing that the sales of existing homes had fallen by 2.7 percent in July. In midday trading in New York, the 10-year Treasury bond had lost 3.1 basis points to a yield of 4.176 percent, while the ... Peso and IPC down in Mexico on interest rate expectations by Brian Turner The Mexican peso lost value on Tuesday as investors worried about a possible drop in domestic interest rates. The peso was down 0.44 percent to 10.79 pesos to the dollar on speculation that interest rates in Mexico could be cut as early as this week when the central bank holds its twice-monthly monetary policy meeting. ... US property market sees slump by Brian Turner According to the National Association of Realtors, a US trade group, sales of existing homes dropped by 2.6 percent in July to an annual rate of 7.16 million units sold. Sales were flat in the South, but fell in the rest of the country, down by 7.5 percent in the West, by 3.3 in the Northeast, and by 1.8 percent in ... August 22, 2005 Yields fall on 10-year US treasury bonds by Brian Turner Yields fell on 10-year US Treasury bonds on Monday in quiet trade leading up to the end-of-summer Labor Day holiday in two weeks. Yields on the 10-year bond had gone up in early-day trade by as much as 4 basis points to 4.357 percent, but by near the end of the session, yields had dropped to 0.4 basis points ... Merrill Lynch expects fall in US housing market by Brian Turner According to a report from Merrill Lynch, the huge growth in the price of homes in the United States will soon decline due to the fact that demand will drop because fewer and fewer first-time buyers can afford the steadily rising housing prices. The average price for a first home has increased by 14 percent in the past ... Investors assured as Palocci denies scandal involvement by Brian Turner In Brazil on Monday, both the equities markets and currency were up after Finance Minister Antonio Palocci held a press conference Sunday to deny that he has any involvement in the bribes-for-votes scandal currently rocking the country. He said that he would not resign his post and that Brazil’s economy would survive the current political turmoil. Analysts said ... Acambis accused of stealing trade secrets by Brian Turner British biotechnology firm Acambis has been accused by a rival firm of stealing trade secrets in order to develop a vaccine and win the $1.9 billion contract to supply the US with the vaccine. Danish biotechnology firm Bavarian Nordic has filed suit in a US court alleging that Acambis used information gained from their research and their technology in order ... China makes bid on PetroKazakhstan by Brian Turner State-owned Chinese oil company CNPC launched on Monday a bid of $4.18 billion for PetroKazakhstan. Acquisition of the company would give China access to PetroKazakhstan’s 150,000 barrels per day of oil production, only a small fraction of China’s daily consumption. Still, it is considered a strategic investment for China, which is the second-largest consumer of oil in the world. If ... August 19, 2005 UK bond prices fall despite low expectation of near interest rate hikes by Brian Turner Yields on government bonds in both the UK and the United States fell during the week ending August 19 as a whole, even though yields did rise on UK gilts on Friday. Sell-offs sent prices down Friday, but over the week, yields on the 10-year gilt fell from 4.217 percent to 4.208 percent, while ... August 18, 2005 Qantas raises profits but to cut staff for big fuel bills by Brian Turner Even though Qantas announced Thursday that it had an unexpectedly high 18 percent rise in profits in the first half of 2005, it also said that it will cut jobs and raise fuel levies on tickets next year to compensate for the rise in fuel prices. There was no announcement of how many of ... Falling energry stocks hurt foreign company stocks by Brian Turner Shares of foreign companies traded in the United States were down again on Thursday as falling prices for crude oil and other commodities hurt results in the oil and mining sectors. Insurance and banking stocks also fell. In the banking and financial sector, American-traded shares in Kookmin Bank of South Korea were down 1.8 percent on the New ... Brazil markets disappointed as politics scandal grows by Brian Turner In Brazil on Thursday, the real weakened and the stock market lost almost 1 percent on new allegations growing out of the current political scandal and on frustration that an interest rate cut expected by some investors did not materialize. The Bovespa index in Sao Paulo lost 0.95 percent to 27,156. Some analysts called the decline a “correction” ... Next Page »	Latest News: Brits only to survive 11 days if made redundant Recession fears as UK economic growth weakest for three years British Airways drops 8 percent on session Quit smoking and save on life insurance Tracker mortgages provide strong competition for fixed-rates Retail sales fall at fastest rate for two decades First-time buyers return to property market Falling house prices leave home improvers out of pocket Former Barclays chairman joins Northern Rock Which? exposes incompetent mortgage advice Most Read News Today: US dollar weaker on soft data Tracker mortgages provide strong competition for fixed-rates First-time buyers return to property market Quit smoking and save on life insurance British Airways drops 8 percent on session Falling house prices leave home improvers out of pocket Recession fears as UK economic growth weakest for three years Retail sales fall at fastest rate for two decades Which? exposes incompetent mortgage advice Former Barclays chairman joins Northern Rock Most Read News To Date: US dollar weaker on soft data 10 Ways Recession Can Help the Environment Futures Trading: A few examples BBC: Stock market crash in Autumn Britannia Building Society exposed to credit crunch Record sum spent on credit and debit cards last year HBOS rights issue looks uncertain Tracker rates fail to reflect base rate cuts Stricter planning laws required or homes will be uninsurable Wall Street declines in afternoon on Bernanke comments
Finance Markets © 2005-2008 Brite Media. All rights reserved \| About \| Privacy \| Disclaimer \| Resources \| XML Feeds \| Press Releases \| Contact us \|

FM News:

FM Main:

FM Features:

Latest News:

Most Read News Today:

Most Read News To Date: