Archive for October, 2009

Europe Sees Largest Stock Gain Since July

Monday, October 26th, 2009

This week European stocks saw a huge advance, pushing the Dow Jones 600 to the largest gain it has seen since July this year. This has led to speculation that the economy is now beginning to recover from the recession. Cadbury has also enjoyed impressive gains, jumping 37 percent after the company rejected a take over bid placed at $16 billion from Kraft Foods earlier in the month.
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Suspicion Mounting On Banks

Monday, October 12th, 2009

Due to the global economic downturn there has been increased suspicion and scrutiny on mutuals. The confidence in them has fallen to a record low, with building societies in Britain, thought to be theoretically safe, collapsing. In France Banque Populaire and Ciasse d’Epargne have been forced to merge in order to avoid the burden of extreme toxic debt. Although mutals can be successful the crisis has shaken confidence and forced many institutions to collapse.
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