Monthly Archives: September 2008

Kyoto, Japan (Platts)–29Sep2008 The Chairman of the London Bullion Market Association, Jeremy Charles, said that due to chaotic market conditions over the past two weeks, investors are returning to gold, “in a major way.” The chairman, who is also Global … Continue reading →

METALS STOCKS Gold rises on safe-haven buying after plan fails By Morning Zhou, MarketWatchLast update 2:30 p.m. EDT Sept. 29, 2008 NEW YORK (MarketWatch) — Gold futures rose Monday as investors sought safe-haven in the precious metal amid fresh bank … Continue reading →

SEPTEMBER 29, 2008, 3:26 P.M. ET Stocks Plunge as Rescue Plan Fails to Gain House Approval Stocks plunged Monday as the U.S. House of Representatives voted down a $700 billion rescue plan for Wall Street, leaving the teetering financial industry … Continue reading →

SEPTEMBER 29, 2008, 3:56 P.M. ET Bailout Bill Fails in House Vote Amid Defections in Both Parties WASHINGTON — The House of Representatives delivered a stunning defeat to legislation designed to rescue the nation’s troubled financial system, sweeping aside a … Continue reading →

    Wed., Sept. 27, 2008 BEIJING (Reuters) – Threatened by a “financial tsunami,” the world must consider building a financial order no longer dependent on the United States, a leading Chinese state newspaper said on Wednesday. The commentary in … Continue reading →

NASDAQ.COM 9/26/08 Gold Prices Back Off Highs But Remain Sharply Higher (RTTNews) – Gold prices surged higher again as the government continues to discuss a rescue plan for struggling financials. December gold climbed to $893.20, up $11.00 on the session. … Continue reading →

J.P. Morgan to Take Over Faltering WaMu U.S. Government Helps Broker a Deal to Dispose of Huge Thrift; Banking Giant Expected to Get Deposits, Branches By ROBIN SIDEL, DAVID ENRICH and DAMIAN PALETTA J.P. Morgan Chase & Co. was expected … Continue reading →

HOPES TO PASS THE HOUSE, PASS THE SENATE, AND BE SIGNED BY THE PRESIDENT Lawmakers Agree on `Principles’ of Rescue Deal  By James Rowley and Alison Vekshin Sept. 25 (Bloomberg) — Congressional negotiators said they reached a bipartisan agreement on … Continue reading →

By Roger Runningen and Catherine Dodge Sept. 24 (Bloomberg) — President George W. Bush, in a prime time address to the nation, said the unprecedented intervention his administration has proposed to stabilize U.S. financial markets is urgently needed to avoid … Continue reading →