ECONOMY & MARKETS

S.Africa hit by global turmoil, bond yields driven down

A South African child holds a 50 rand note in a file photo.
Gloomy comments from South Africa's central bank on the impact of global financial turmoil on the country's capital formation, key to growth, were the backdrop to a fall in bond yields and a volatile day for the rand, which ended down against the dollar.
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U.S. Stock Market

U.S. Stock Market: Who Is In Charge Now -- Bulls or Bears?

To say it's been an unsettling time for U.S. stock investors would be an understatement. The Dow has been on a wild ride, with plunges followed by sudden reversals. Look for market choppiness to continue until investors determine whether the Fed's latest monetary policy decision -- low interest rates for two years -- will be enough to rev-up U.S. GDP growth.
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ON Semiconductor Upgraded at Jefferies

Jefferies & Co. upgraded its rating on shares of ON Semiconductor Corp. (NASDAQ: ONNN) to "buy" from "hold" while maintaining its price target of $9.50.
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Stock Market Crash Feared to Afflict Pensioners

The words 'pensioner's paradise' might no longer a reality for many elderly people as most pension schemes are losing sheen. The final salary based-pensions that are indirectly dependent on the stock market might go for a toss and keep the pensioners at bay due to the sharp fall in the markets.
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Wall St rebounds as Fed promise soothes

U.S. stocks clawed back most of Monday's losses as a U.S. Federal Reserve promise of at least two more years of near-zero interest rates overshadowed its warning about slowing economic growth. The Fed's statement gave markets a glimmer of hope, with stocks' gains accelerating into Tuesday's close.
Australia's Share Markets

Global Markets Overview 08/10/2011

U.S. stocks soared in turbulent trading Tuesday, coming off the worst three day selloff since the financial crisis, as investors took in stride the Federal Reserve's pledge to keep interest rates near zero at least through mid-2013.
Standard & Poor's headquarters in New York's financial district

S&P Downgrade: How does it affect McGraw-Hill?

The amount of negative attention Standard & Poor's has received since its decision to downgrade U.S. long-term debt, would make it seem like the rating agency is public enemy number one.
U.S. Federal Reserve Chairman Ben Bernanke

Easy Money Is No Way to Deal With a Credit Crisis

Now that Uncle Sam has dug itself into a $14 trillion hole, it?s the American taxpayer who should be warning Ben Bernanke and his government cronies about the irrationalities of their exuberant paper printing.
At Issue: U.S. Debt and the Markets

Market Turmoil Sets Stage for 'Crisis 2.0'

It took S&P until Monday to downgrade Fannie Mae ? years after the troubled federal housing agency doled out thousands of loans to deadbeats who never had the ability to repay them.
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CI Financial profit up nearly 10 percent

CI Financial Corp (CIX.TO: Quote) said on Tuesday that higher asset levels led to a 9.8 percent gain in its quarterly earnings, just a tad off expectations, but that recent market weakness was pressuring assets under management.
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?Financial Optimism? Index Nosedives

The Consumer Reports Index, which tracks the financial optimism of Americans, plunged more than five points to 43.4 this month, the lowest in two years.
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Ivory Coast finances in good shape for debt repayment

Ivory Coast's finances are in much better shape than authorities were predicting when it emerged from civil war in April, and with tax revenues beating forecasts, there is no doubting it can pay defaulted external debt by early next year.
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Inergy Reports Seasonally Weak Results

Inergy, a propane business and natural gas storage master limited partnership, posts a fiscal third quarter loss, largely in line with seasonal weakness.
A trader working in the crude oil and natural gas options pits on the floor of the New York Mercantile Exchange in New York

After U.S. Downgrade, Who?s Next?

Following a surprise U.S. debt rating downgrade by S&P?s last Friday, now attention turns to other AAA-rated countries, which are at the risk of similar downgrade.
A Wells Fargo bank is pictured in Dallas

Wells Fargo Upgraded at FBR Capital

FBR Capital Markets upgraded its rating on shares of Wells Fargo & Co. (NYSE: WFC) to "outperform" from "market perform" while maintaining its price target of $31 as valuation was too attractive to ignore.

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