Financial Services & Real Estate

DEALTALK-Crosby's Apollo launch no fix after Forsyth problem 10:58am EST

LONDON, Nov 20 (Reuters) - Crosby Asset Management's bid to draw in money with fund manager Tom McGrath is unlikely to deflect attention from its crumbling asset base and an ill-timed acquisition last year.  Full Article

 
Irish fin min: holding "structural" talks with banks 10:55am EST 

DUBLIN, Nov 20 (Reuters) - Irish Finance Minister Brian Lenihan said on Thursday he was holding "structural" talks with banks and was determined to reform Ireland's banking sector.  Full Article 

US STOCKS-Wall St rout sends S&P 500 to six-year low 10:54am EST 

* Dow off 2.6 pct, S&P off 3.7 pct, Nasdaq off 2.8 pct  Full Article 

UPDATE 1-RBS bank Chairman McKillop "profoundly sorry" 10:54am EST

LONDON, Nov 20 (Reuters) - Royal Bank of Scotland chairman Sir Tom McKillop told investors he was "profoundly sorry" for the crisis which left itneeding a a 20 billion pound ($30 billion) government rescue package.  Full Article

 
Tel Aviv shares slide 11 pct, trading halted 10:51am EST

JERUSALEM, Nov 20 (Reuters) - The Tel Aviv Stock Exchange halted trading on Wednesday after losses the blue-chip Tel Aviv 25 index slid by 11 percent.  Full Article

 
UPDATE 1-JPMorgan cuts investment banking jobs - sources 10:43am EST

NEW YORK, Nov 20 (Reuters) - JPMorgan Chase & Co is cutting about 10 percent of its investment banking staff as the credit crunch and slowdown in the economy bite into bank earnings, people familiar with the situation said on Thursday.  Full Article

 
Italy market watchdog added to ex-cenbanker trial 10:43am EST

MILAN, Nov 20 (Reuters) - The trial of the Bank of Italy's ex-governor over a scandal-ridden 2005 bank takeover restarted on Thursday, with market regulator Consob admitted as a civil party.  Full Article

 
Kenya's bourse appoints new chief executive 10:41am EST

NAIROBI, Nov 20 (Reuters) - The board of Kenya's Nairobi Stock Exchange (NSE) on Thursday named Peter Mwangi, a 39-year old former managing director of a large listed company as chief executive after the previous one quit, officials said.  Full Article

 
US 30-year, 15-year mortgage rates fall third straight week 10:39am EST

WASHINGTON, Nov 20 (Reuters) - U.S. 30- and 15-year mortgage rates fell for a third straight week, according to a survey released on Thursday by home funding company Freddie Mac.  Full Article

 
CANADA STOCKS-TSX hit hard by TD warning, oil price 10:34am EST

TORONTO, Nov 20 (Reuters) - The Toronto Stock Exchange's main index fell nearly 6 percent on Thursday morning to its lowest level since December 2003 as the price of oil slid and the financials group was weighed down by an earnings warning from Toronto-Dominion Bank .  Full Article

 
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Aetna CEO says taking market share Wednesday, 19 Nov 2008 03:14pm EST

NEW YORK (Reuters) - Aetna Inc is confident in its prospects and is taking market share despite uncertainty over health-care reform and the broader economic climate that has weighed on its shares, the head of the No. 3 U.S. health insurer said on Wednesday.  Full Article 

Currency
UK £ inUSD =1.4774
Euro inUSD =1.2534
¥en inUSD =0.0105
Symbol Last Net Change
BRENT CRUDE $49.23 $-2.49
MINI GOLD $747.40 $11.50
MINI SILVER $8.95 $-0.35