RPT-GLOBAL MARKETS-Asian stocks, dollar sink on Bear, Fed
HONG KONG, March 17 (Reuters) - Asian stocks sank on Monday to their lowest level since August 2007 and the dollar tumbled, as the fire sale of ailing U.S. bank Bear Stearns and the Federal Reserve...
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Spot gold surges more than 3 percent to over $1,030
TOKYO, March 17 (Reuters) - Spot gold <XAU=> surged more than 3 percent on Monday to a record high of above $1,030 per ounce as the dollar tumbled on deepening U.S. financial concerns.
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UPDATE 2-JPMorgan to buy Bear Stearns for $2 a share
Research ) for just $2 a share in an all-stock deal that values the U.S. investment bank at the centre of the credit crisis at about $236 million.
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FACTBOX-Fed actions to boost liquidity
The actions were taken in concert with a decision to approve special financing to facilitate the purchase of ailing investment bank Bear Stearns by JPMorgan Chase & Co. Under the deal, the Fed agr...
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Qld Libs, Nats to start merger talks
The Queensland Nationals say discussions with the Liberals about their future together will start this week. The Liberals postponed consideration on the proposal to form a new conservative party in Q...
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Gold jumps 2 percent to fresh record highs
TOKYO, March 17 (Reuters) - Gold prices jumped more than 2 percent on Monday to hit new all-time highs as the dollar tumbled and news of the acquisition of Bear Stearns (BSC.N:
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JPMorgan- Bear Stearns well run, good risk controls
A JPMorgan executive said on a conference call that 200 employees scrutinized Bear Stearn's books over three days. JPMorgan announced earlier it would buy Bear Stearns for about $2 a share. (Repo...
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  • How FirstInland IPO hit N100bn returns

    Like the offers of many other banks that came into the stock market before it for capital sourcing, the just concluded Initial Public Offer of FirstInland Bank appears to have been over- subscribed. Facts from the Issuing Houses revealed this to us

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    Shares in SBI closed down 2.5 percent at 1,592.20 rupees, down 31 percent since the issue opened on Feb. 18, having fallen to a five-month low of 1,582.25 rupees in the afternoon.