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WASHINGTON and NEW YORK -- Stocks soared in London yesterday after the US Federal Reserve took radical steps to combat financial market contagion, making direct loans available tocash-strapped banks on [...]

The Federal Reserve has given in - a little. Yesterday morning, the US central bank cut the discount rate, making it somewhat cheaper for banks to borrow from the US [...]

NEW YORK -- Moody's Investors Service yesterday cut its ratingson a further 691securities backed by US subprime home loans, writes Richard Bealesin New York. The rating agency said that the [...]

NEW YORK, WASHINGTON and LONDON -- The London stock market tumbled more than 4 per cent yesterday, its biggest one-day fall since March 2003, as a global flight from risky [...]

NEW YORK -- US markets took another late plunge yesterday as worries over the ability of financial firms to fund their activities pushed shares in the biggest US mortgage lender [...]

NEW YORK -- The asset-backed commercial paper market came under renewed pressure yesterday after 17 Canadian issuers failed to sell short-term debt and sought alternative financing from banks, according to [...]

Some US legislators suggest a different way to help out mortgage lenders: mobilising Fannie Mae and Freddie Mac. The two huge 'government-sponsored' but publicly listed mortgage groups should, according to [...]

Phew. Financial types deserved their weekend breather after a nail-biting end to a rollercoaster week. US equity market volatility jumped to its highest level since the invasion of Iraq more [...]

LONDON and NEW YORK -- Financial market worries deepened this week as rising aversion to risk began to dry up liquidity, prompting rare interventions from central banks. The temporary closure [...]

NEW YORK -- What started as a niggle in an arcane corner of the US mortgage market has escalated into what looks ever more like a global liquidity and credit [...]

LONDON, FRANKFURT and WASHINGTON -- The European Central Bank scrambled to head off a potential financial crisis yesterday by making an emergency injection of Euros 94.8bn (Pounds 64bn) worth of [...]

NEW YORK and WASHINGTON -- As the ominous drumbeat of bad news in the US subprime mortgage market continues, investors and politicians this week pinned hopes on government-sponsored mortgage groups [...]

TOKYO and NEW YORK -- Japanese companies are starting to embrace whole business securitisations. The schemes are ferociously complicated, expensive to set up and restrict management's ability to make its [...]

NEW YORK and LONDON -- Imagine you are a company boss, apprehensive about attention from private equity groups and activist shareholders. Then someone tellsyou your loans and bonds could be [...]

NEW YORK -- In a corporate securitisation, assets and related cash flows are carved out from a business into special purpose entities (SPEs) and repackaged. Debt is then raised against [...]

NEW YORK -- This year, Domino's, the publicly quoted pizza chain, decided to pile on leverage using a Dollars 1.85bn securitisation and return much of the proceeds to shareholders. Pushing [...]

After Softbank, the Japanese communications conglomerate, borrowed Y1,200bn (about Dollars 10bn) to buy Vodafone's Japanese mobile phone subsidiary last year, it needed to refinance promptly as the interest cost of [...]

NEW YORK -- In other times, yesterday's comments by Alan Greenspan, former chairman of the Federal Reserve, would have shaken markets. The flow of savings from developing countries, which had [...]

NEW YORK -- In other times, yesterday's comments by Alan Greenspan, the former chairman of the Federal Reserve, would have shaken markets: the flow of savings from developing countries which [...]

The virtual collapse of two US hedge funds sent shockwaves through financial markets this week, as investors faced up, yet again, to the continuing fallout from the US subprime mortgage [...]

NEW YORK -- Ben Bernanke acknowledged for the first time yesterday that credit concerns were spreading beyond the subprime mortgage market as investors showed their worries with a flight to [...]

NEW YORK -- Investors are demanding higher interest rates on parts of the Dollars 62bn financing for the private equity buy-out of Chrysler, the US carmaker. Bankers are watching big [...]

NEW YORK -- The Dow Jones Industrial Average of US blue chips traded above 14,000 for the first time yesterday morning as US stock investors took heart from unexpectedly strong [...]

NEW YORK -- Global markets had a feelgood day yesterday as credit market jitters took a back seat and investors focused on US corporate earnings and the apparently healthy global [...]

NEW YORK -- Howard Lutnick, chairman and chief executive of Cantor Fitzgerald, lost 658 colleagues, including his brother, in the September 11 attacks on the World Trade Center in 2001. [...]

NEW YORK -- LaBranche & Co, the largest firm of market-making specialists on the New York Stock Exchange, yesterday said it was reviewing its strategic options amida dramatic decline in [...]

NEW YORK -- LaBranche & Co, the largest firm of marketmaking specialists on the New York Stock Exchange, yesterday said it was reviewing its strategic options amid a dramatic decline [...]

NEW YORK -- Debt investors are facing the second half of the year 'dazed and confused', according to a new report from Standard & Poor's LCD, the loan market research [...]

NEW YORK -- ServiceMaster, the lawn care and cleaning group, postponed a Dollars 1.15bn junk bond offering yesterday because of choppy market conditions. The setback is the latest in a [...]

Australian conglomerate Wesfarmers yesterday clinched a ADollars 22bn (Pounds 9.4bn) takeover of retailer Coles in the country's biggest takeover, in spite of losing its buy-out partners. But the last-minute withdrawal [...]

PARIS and NEW YORK -- Kraft, the maker of Oreo cookies and Ritz crackers, is understood to be in talks to buy the biscuit and cereal-products division of France's Danone, [...]

NEW YORK -- Some US companies are starting to take on more debt in order to pay it out to shareholders - a response to rampant leveraged buy-outs and activist [...]

US regulators yesterday told banks to be more lenient with subprime mortgage borrowers in difficulties, potentially compounding uncertainties in the troubled mortgage securities market. The five bank regulators issued guidance [...]

NEW YORK and LONDON -- Complex, tailored financial products are difficult to value, and that can lead to unpleasant surprises. At the request of a group of mainstream European institutional [...]

LONDON and NEW YORK -- Companies are pulling financing deals across the globe, in one of the clearest signs yet that investors' worries about rising interest rates and US subprime [...]

NEW YORK -- Debt investors are reassessing the risks they are taking and how much they need to be paid for them in a decisive shift away from the borrower-friendly [...]

LONDON and NEW YORK -- Companies are pulling financing deals across the globe, in one of the clearest signs yet that investors' worries about rising interest rates and US subprime [...]

NEW YORK -- Debt investors are demanding higher interest rates and better terms from borrowers. This comes amid concern that turmoil in the US subprime mortgage market could be undermining [...]

NEW YORK -- Government bond yields fell around the world yesterday as a bout of risk aversion triggered safe haven buying of bonds. But the risk of interest rate increases [...]

NEW YORK -- US subprime mortgage woes rattled debt markets yesterday, raising questions about whether the benign broader credit environment of recent years is set to turn. Yields on safe-haven [...]

NEW YORK -- US subprime mortgage woes rattled debt markets early yesterday but fears appeared to subside later in the day and US stocks finished higher. Yields on safe-haven short-dated [...]

NEW YORK -- Brent crude fell Dollars 2 a barrel after US oil inventories rose more than expected. Petrol prices also declined as concerns over summer supplies subsided. Equities in [...]

NEW YORK -- Home Depot and Expedia plan to fund a combined Dollars 25bn of stock buy-backs, largely with debt, in recapitalisations designed to give shareholders some of the gains [...]

NEW YORK -- Lacklustre economic data from Europe and the US helped government bonds rally yesterday, sending yields lower and giving US stocks a positive afternoon. The German ZEW survey [...]

NEW YORK -- Asian and emerging market stocks hit record highsyesterday and the yen plumbed new lows as investors appeared to regain some confidence after 10 sometimes turbulent days that [...]

NEW YORK -- Global stocks moved broadly higher yesterday as bond markets settled after a volatile five days of trading that has left 10-year yields around the world sharply higher. [...]

NEW YORK and LONDON -- The upward march of bond yields around the world in recent days has the air of a genuine shift in the market mood. In the [...]

NEW YORK -- Global government bond markets stabilised yesterday as suddenly higher yields prompted institutional investors such as insurers and pension fund managers to scoop up US Treasuries. Treasury yields [...]

NEW YORK -- Government bonds around the world plunged again yesterday, bringing 10-year US Treasury yields to their highest levels in more than five years - amid signs that the [...]

NEW YORK -- Fresh signs of the continuing turmoil in the US subprime mortgage market emerged yesterday. Woes in the sector dented Lehman Brothers' still record quarterly earnings, while Countrywide [...]