Shanghai Daily: Business - shanghaidaily.com
STOCKS jumped yesterday following a better-than-expected rise in profits at Research in Motion Ltd. and on word that Merrill Lynch may have lined up a big cash infusion from a Singapore fund. The Dow Jones industrial average capped a volatile week with a gain of more than 200 points and, along with the other major indexes, posted an increase of more than 1.5 percent. The developments seemed to allay investor fears that economic growth would succumb to tightness in the credit markets. Adding to the measure of relief some investors felt, the Federal Reserve said it would continue with its special biweekly auctions for banks as long as necessary to relieve strains in the short-term debt market. The announcements came as the New York Stock Exchange set a record for volume in the first half hour and hour of trading during what is known as "quadruple witching." It marks the simultaneous expiration of contracts for stock index futures, stock index options, stock options
Business - International Herald Tribune
Banks gave a lukewarm reception to the Federal Reserve's latest effort to ease credit conditions despite a report on Friday that a fourth large U.S. investment bank received a capital injection from abroad.
FT.com - Capital Markets News and Data
The Federal Reserve and the European Central Bank announced they had lent a total of $30bn in 35-day funds over the past 48 hours, ending a frantic week of central...
Investor's Business Daily: INVESTING
The idea that consumer demand would still contribute to the economy's growth -- and new inflation data -- suggested that fewer Federal Reserve...