Economy & Markets
The important economic and stock market news that advisors need to know.
Stocks Rose as ISM Manufacturing Reported Up, Consumer Sentiment Steady
By Joyce HansonThe manufacturing sector showed signs of expansion on Friday and U.S. consumer sentiment held steady, but those positive signs of recovery were not enough to convince analysts that the economy is on solid footing.
September 30, 2010
Ireland Moves Forward With Anglo Irish Bank BailoutBroader concerns about the stability of Ireland's financial situation remain, with some investors concerned it could become the next Greece.
September 30, 2010
House Votes to Criticize China Over Yuan PolicyEscalating tensions between the two countries over trade policy, the U.S. House of Representatives voted on Wednesday "to address China's fundamental undervaluation of its currency."
September 30, 2010
AIG Announces Plan to Fully Repay BailoutsAIG announced Thursday that it had come to an agreement in principle with the U.S. Treasury, the Federal Reserve Bank of New York and the AIG Credit Facility Trust to repay its 2008 bailout.
September 29, 2010
IMF to Require Financial Check-Up for 25 CountriesThe IMF on Monday announced that every five years it would require 25 countries to undergo in-depth exams to determine financial stability.
September 29, 2010
EU Tells Members: Exceed Budget, Pay FineThe European Commission proposed Wednesday that countries in the European Union not reining in their budgets be hit with penalties in an effort to prevent another Greek-style meltdown.
September 28, 2010
The Hartford Enters Actively Managed ETF SpaceHartford Investment Financial Services LLC. is seeking a regulatory exemption that would permit it to launch actively managed exchange-traded funds.
September 28, 2010
National Bank of Abu Dhabi Launches ‘Cautious Income Fund’On Wednesday, the National Bank of Abu Dhabi (NBAD) announced that it would launch the NADB Cautious Income Fund.