AdvancedTrading (Free subscription) | 8 hours ago
Legg Mason Inc said on Monday it will book new charges in the current quarter for lending support to its ailing money-market funds, a move that may push the U.S. asset manager into a fourth straight quarterly loss.
PR News Wire (Free subscription) | yesterday
Mark R. Fetting, the company's chief executive officer, commented: "Legg Mason continues to manage its resources and to take proactive steps in support of our money market funds during difficult market conditions. Today's actions give us financial and operating flexibility to handle potential further market deterioration. We are actively pursuing a number of options to eliminate...
Market Watch (Free subscription) | yesterday
SAN FRANCISCO (MarketWatch) -- Legg Mason Inc. said late Monday it will provide additional support for four money market funds with exposure to securities issued by Structured Investment Vehicles and other similar products. "We are actively pursuing a number of options to eliminate exposure to SIVs in the money market funds. Additionally, we have moved aggressively to restructure...
ThePolitic.com (Free subscription) | 13 hours ago
Bernanke admits that monetary policy is powerless at easing the recession. The inflation of the money supply by the Fed will stimulate the economy. It is all about giving new money to the banks first.
Reuters UK (Free subscription) | yesterday
BOSTON, Dec 1 (Reuters) - Legg Mason Inc said on Monday it will book new charges in the current quarter for lending support to its ailing money-market funds, a move that may push the U.S. asset manager into a fourth straight quarterly loss.
Nikkei (Free subscription) | 15 hours ago
BOJ Gov: More Rate Cuts May Cause Various Market ProblemsTOKYO (Dow Jones)--Bank of Japan Gov. Masaaki Shirakawa Tuesday expressed concern over the impact of further monetary loosening on the short-term money market.
Nikkei (Free subscription) | 2 hours ago
Market Mulling Chances Of Rate Cut At BOJ's Next Policy MeetingTOKYO (Nikkei)--The money market is already shifting its attention to whether the Bank of Japan's policy board will approve another interest rate cut at its next meeting in December, but comments by Governor Masaaki Shirakawa suggest that monetary easing is not in the cards yet.
All Africa (Free subscription) | 13 hours ago
National Pension Commission (Pencom) said yesterday that its investment portfolio in the Nigerian capital market has not been significantly affected by the capital market crisis.
Nikkei (Free subscription) | yesterday
Bonds: End Little Changed; Focus On Money MarketsTOKYO (Dow Jones)--Japanese government bonds ended little changed Monday, as the end of month-end duration extension buying left the market with few driving forces.
Bellaonline.com (Free subscription) | 6 hours ago
Saving an extra $25-$100 a month doesn't have to be difficult or painful! Here's a list of 25 ideas that can help you save more money!
Fix My Personal Finance (Free subscription) | 29/11/2008
When choosing a money fund, do your best to avoid any that own complex derivatives. It’s up to you to watch out for potential land minus. One red flag: If your money-market fund is yielding a quarter of one percentage point more than its competitors holding similar investments and its expenses are about average, there’s [...]
Vietnam Business Finance (Free subscription) | yesterday
In average, state-run banks were extending dong loans at 14.1-14.7% during the week ending Nov. 20 while partly-private banks charged at 16.4-16.5%, a drop of up to 2.3 percentage point from the previous week ending Nov. 19, the State Bank of Viet Nam said.Dollar loan rates ranged between 6.8% and 9.1% last week, the central bank said in its money market review.On interbank markets,...
Nikkei (Free subscription) | yesterday
BOJ Gov: More Rate Cuts May Hurt Short Term Market FunctionFUKUOKA, Japan(Dow Jones)--Bank of Japan Gov. Masaaki Shirakawa indicated Monday that the central bank is unlikely to immediately cut its policy interest rates as an additional cut could hurt the functioning of the short-term money market.
Hindu (Free subscription) | 30/11/2008
Mutual Funds had to borrow huge sums of money due to overwhelming volumes of redemptions
Indian Express (Free subscription) | 29/11/2008
While the money markets were shut on Thursday, on account of terror attacks in Mumbai, there was lukewarm response on Friday, with very low participation in the market, said dealers. However, the rupee seems to be under pressure due to the negative sentiment caused by the attacks.
