USA UK and Malta News
24/09/2008 - 20:03

USA Today Editoweb 24 septembre 2008

Banks, Wall Street firms borrow more from Fed - Stocks rise as tech shares advance - Stocks fluctuate after Buffett-Goldman deal.

Banks, Wall Street firms borrow more from Fed

Banks and Wall Street firms ramped up borrowing from the Federal Reserve's emergency lending facility over the past week, a fresh sign of the credit stresses plaguing the country.

Stocks rise as tech shares advance

Stocks pushed into positive territory on Wednesday, sending the Nasdaq up more than 1 percent, as investors bet a $700 billion financial- sector bailout might free up money for tech spending.

Stocks fluctuate after Buffett-Goldman deal

Financial markets were tense Wednesday, with stocks fluctuating following investor Warren Buffett's decision to invest $5 billion in Goldman Sachs Group Inc. The credit markets showed added strain as investors await news about the government's plan to rescue banks from crippling debt.

FTSE continues to stumble

London shares closed lower on Wednesday as jitters from the current financial crisis continued to unnerve traders with energy companies suffering the most.

World stocks stable as US rescue plan hangs in balance

World stock markets were unsettled Wednesday, with Wall Street posting slight gains at the opening and Europe in decline, as a US government-backed financial rescue plan was mired in political bickering in Washington.

Asian markets up after Buffett backs Goldman Sachs

Most Asian stock markets edged higher Wednesday as Warren Buffett's plan to invest at least $5 billion in Wall Street firm Goldman Sachs helped allay fears about the world's troubled financial sector.

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