Investors in Asia wary, stocks down Alvin Foo The Straits Times Asian investors took little comfort yesterday (October 2) from a vote by the United States Senate to give the green light to a modified US$700 billion bailout for crisis-hit financial markets. Regional bourses ended mostly lower as inve... Read more.
Bailout passed, but crisis worsens Martin Khor The Star Last Thursday the $700 billion bailout plan was finally approved by the US House of Representatives and signed into law by US President George Bush. This was after much drama. The Bill was originally rejected by the House because of intense pre... Read more.
Futures Focus The SET50 Index closed last week at 412.98, a decrease by 22.27 index points or 5.12% from the previous week For SET50 Index Futures, the nearest contract month S50Z08 (expiring in December 2008), was settled at 413.4, a decrease of 17.5 index points from the previous week. World stock... Read more.
Oil Market Outlook The oil market has been turned upside down since the US House of Representatives shocked global markets last Monday by rejecting a $700-billion package to rescue the troubled financial sector. The fallout sent West Texas Intermediate prices down by $10.52 a barrel while the Dow Jo... Read more.
Seoul bans short selling, boosts share buybacks Jeong Hyeon-ji The Korea Herald The Korean government and financial authorities moved fast yesterday (September 30) to contain fallout from global financial market tumbles caused by the rejection of the US$700 billion banking rescue plan by US lawmaker... Read more.
Philippine gov’t assesses impact of bailout rejection Christine Avendaño and Daxim Lucas Philippine Daily Inquirer Top Philippine economic officials met Tuesday to determine the effects on the economy of the US government’s failure to come up with a bailout program for troubled American fin... Read more.
Too little, too late? Washington - The US House of Representatives approved a revised $700 billion financial rescue plan on Friday, and President George W Bush signed it into law within hours. But US stocks quickly dropped as investors concluded it was not nearly enough to loosen up credit markets a... Read more.
ECONOMY FTI: Baht and rates need prudent care NAREERAT WIRIYAPONG The government needs to manage exchange-rate stability and interest rates more cautiously in order to deal with global liquidity challenges, says the Federation of Thai Industries (FTI). The FTI also said yesterday that it supported t... Read more.
ECOCafe’ Capitalism at a crossroads TIENTIP SUBHANIJ When I began to write this, I was quite surprised that the $700-billion emergency rescue package to save the US financial system had been rejected by the US House of Representatives. A revised version was subsequently approved by the Senate ... Read more.
SET inches ahead on optimism DARANA CHUDASRI AND NUNTAWUN POLKUAMDEE Thai shares gained 0.55% yesterday in cautious trade despite the passage of a new economic rescue plan by the US Senate. The Stock Exchange of Thailand index closed at 597.69 points, up 3.24, in trade worth 10.369 billion baht. Tra... Read more.
