Wall Street

Wall Street Political Donations Flowing to Democrats’ Coffers
Wall Street lobbyists are buying support from Democratic Senators, hoping that the party in power will go easy on the industry after years of misconduct.

Wall Street Slows on Reaching Out to Recent Grads
Wall Street has long been a source of wealth and power for sharp college graduates, but the current economic slump has resulted in college grads having to look elsewhere for work.

President Obama Wants to Expedite Action on Wall Street Reform
Obama wants quick action on Wall Street reform and will go to the G20 summit in April, hoping to be armed with a new regulatory framework.

Corporate Jets Still En Vogue Among Battered Wall Street Chiefs
Though some are scaling down their use of corporate jets, it seems that many on Wall Street remain mum on "corporate aircraft" policies.

Fed Tries to Calm Financial Sector
The Federal Reserve is making attempts to calm the chaotic financial sector after a day of massive sell-off on Wall Street.

Congress Struggles to Revise Bailout Bill
President Bush warns that failure to pass the financial bailout bill will bring about severe consequences for the nation’s economy.

House Vetoes Wall Street Bailout
Wall Street plummeted on Monday as the House vetoed the $700 billion bailout.

Can Washington Save Wall Street?
Bush urges bipartisan effort as lawmakers struggle to come up with a plausible bill to save Wall Street.

Wall Street Braces for Change
The good times have ended with a bump - or even a crash. Wall Street is grappling with billions of dollars of losses on obscure derivatives, a banking system in crisis and a vengeful public - and a skeptical president is about to take office.

Wall Street Titan Who Fell to Earth
How Bernie Madoff, seemingly the ultimate pair of safe hands, managed to defraud investors

Wall Street Bank Chiefs Waive Bonuses
Decision by bank bosses the latest sign that the era of big bonuses in the financial industry is over

Wall Street Bank Chief Requests $10m Payout
Merrill Lynch risks confrontation with US authorities as it debates awarding bonus to CEO

Wall Street Banks in $70bn Staff Payout
Staff at six banks set to to pick up huge payouts despite being beneficiaries of the $700bn US bail-out

Japanese Win Sweeteners in Morgan Stanley Rescue
Investment bank reprieved as Mitsubishi UFJ steps in to send share prices rocketing

Dow Plunges 678 Points
Wall Street shares drop to their lowest level for five years driven by urgent, relentless selling on trading floors

Wall Street Weakens Ahead of House Bail-out Vote
US shares suffered a fresh plunge today as investors took stock of dismal economic figures and watched anxiously for signs of weakening in congressional opposition to the bail-out plan

Wall Street: Us Financial Regulator Failed to Provide Oversight, Reports Say
US securities and exchange was criticized in two official reports which probed the demise of Bear Stearns

When Wall Street Met Main Street
Two streets separated by a river are locked in an iron embrace as the financial crisis shakes Newark, New Jersey, as well as downtown Manhattan, writes Ed Pilkington

Wall Street Bailout, Congressional Cover-up, or Sarbanes-Oxley?
More than 95% of Americans are making their mortgage payments right on schedule, yet there is no market for the financial products that contain these mortgages. Consequently, balance sheets reflect trillions of dollars less than the maturity value of the securities held by the financial institutions.

US Government to Limit Pay Packets for Wall Street Bankers in Bailout Package
The US government has yielded to an outcry over multi-million dollar Wall Street pay packets by agreeing to impose limits on the remuneration of senior bankers who benefit from a $700bn bail-out of financial institutions

Wall Street Turmoil Leaves Europe on Sidelines
The eurozone sees the dominant Anglo-Saxon economic model of the past quarter of a century rendered kaput

Citigroup Woman is Latest Banker to Stand Down
Sallie Krawcheck is the latest high-profile banker to leave job amid financial markets turmoil

Sallie Krawcheck to Leave Citigroup
Head of wealth management division had once been considered a potential candidate to run the US bank

Wall Street Worries the Crisis is Not Yet Over
Concerns grow in UK and US that $700bn emergency rescue plan may not be enough to halt economic slide

Computers Are the Only Worthwhile Asset Banks Have Left
John Naughton: Consolidation of the banking sector will have a major impact on industries that supply banks with IT products

Dramatic Swings on Wall Street Likely to Shred the Paper Fortunes of America's Super-rich
Market turmoil leaves new Forbes 400 rich list already out of date as Bill Gates returns to top

Wall Street: Us Government Taking Steps to Clean Up Mortgage-related Debt
Lawmakers in Washington were briefed by the treasury secretary, Henry Paulson, prompting a remarkable market rally

Barclays Agrees $1.75bn Deal for Core Lehman Brothers Business
Bank takes on $72bn in trading assets and $68bn in trading liabilities to become a leader on Wall Street

Goldman Sachs Earnings Fall 70%
Investment bank defiantly rejects predictions of the death of the traditional Wall Street business model

Wall Street Jobs Cull Begins As Lehman Rescue Bid Fails
Rapid sale of Merrill Lynch confirms scale of disaster while survivors of 1929 crash succumb to credit crunch

Wall Street Crisis: Lehman Staff Tell Their Stories
Lehman Brothers employees on both sides of the Atlantic describe their shock, anger and sadness at the collapse of the bank

The Day the Ticking Time Bombs Went Off
If this is the death of Wall Street as we know it, the tombstone will read: killed by complexity

Nightmare on Wall Street
Share prices tumble around the world after most turbulent 24 hours of the credit crunch so far

Jobs Cull Begins in London and New York As Lehman Brothers Goes to the Wall
Fourth largest firm on Wall Street folds leaving more than $600bn owed to creditors in the US, Europe and Asia

Wall Street Shaken As Home Price Index Drops to 20-year Low
Effects of credit crisis are felt across global markets· Fed hints that further rate cut may be necessary

Wall Street: Grasso Likely to Keep Pay Package After Court Ruling
Judges dismiss four-year lawsuit against former NYSE boss, Dick Grasso, awarded lump sum of $139.5m in 2003

Quarterly Window Dressing - A Recurrent Wall Street Scam
Why aren't the wizards of Wall Street assuaging our nerves by explaining the cyclical nature of the markets and pointing out that similar crises have always preceded the attainment of new all time highs? Right, because the unhappy investor is Wall Street's best friend. Why can't politicians address economic problems with capitalist-economic solutions?

Wall Street Plunges As Oil Price Jumps
Leading auto industry expert is calling on Congress to act to prevent a market crash following $10 a barrel jump

20,000 Wall Street Jobs at Risk
More than 20,000 people are forecast to lose their jobs on Wall Street as the credit crunch hits business at financial institutions

Sharing the Bear Stearns Pain
It's considered uncool on Wall Street to lose nearly $1bn (£504m). So perhaps it's understandable that the biggest shareholder in the crisis-gripped investment bank Bear Stearns is keeping its head tucked far below the horizon

Markets Bounce Back
Asia continues rally after Wall Street staged its biggest one-day rise in more than five years following an aggressive interest rate cut by the Fed

US Banking Giants Soothe Investors' Nerves
Profits are down at America's largest bank Goldman Sachs and rival Lehman Brothers, but the falls are less than Wall Street analysts had feared. By Richard Wray

A Deluded Wall Street Threatens the World Economy
Will Hutton: Britain is much more vulnerable than even the Americans to the impact of falling house prices and contracting credit

Bear Stearns Shares Plummet As It Seeks Emergency Funding
Wall Street investment bank's future is hanging in the balance after it was forced to ask the US Federal Reserve for an emergency injection of cash

Going Down in Spades
While Bear Stearns was burning, Jimmy Cayne, the Wall Street firm's chief executive, was playing bridge

Surprise Punt on Wall Street Could Cost Billionaire $750m
Legendary British currency trader is estimated to be sitting on paper losses of $750m (£370m) after his punt on Bear Stearns

What Spitzer Did Right
Financiers have good reasons to revel in Eliot Spitzer's downfall - in his heyday he was one of the very few government figures with the guts to challenge Wall Street's games

Liquidity Rumours Unleash Bears on Bear Stearns
Wall Street brokerage's shares dive to a five-year low after losing more than $1.9bn on mortgage-linked securities last year

Bernanke Warnings on Housing Slump Spark Wall Street Sell-off
US Federal Reserve chairman calls for further action to prevent US housing slump forcing more people out of their homes

Wall Street Stocks Plummet
Figures from the US commerce department revealed that spending was essentially flat in January with a 0.4% rise wiped out by an identical increase in consumer price inflation.

Lacklustre High Street Spending Figures Send Wall Street Plummeting
New year sales in American shopping malls fail to budge mood of caution among consumers

No Fans of Stan
It has been a long time since Wall Street witnessed a display of bitch-slapping and back-stabbing quite as spectacular as the exit of Merrill Lynch chief Stan O'Neal

Picture of Wealth, If a Little Sub-prime
Goldman Sachs boss is the latest target as artist entertains Wall Street with his wry portraits

Wall Street Meltdown
A great summary of recent months with a picture montage featuring all our favourite crunch characters

eBay Boss Quits to Give Auction Site 'fresh Pair of Eyes'
One of America's top businesswomen, Meg Whitman, is retiring as the boss of eBay on an off-tune note as Wall Street punishes the internet auctioneer for a slowdown in its once-phenomenal rate of growth

Go East
Leader: It may be the volatility on Wall Street, or simply the desire to make a sweeping argument at the bar, but executives and experts at the World Economic Forum agree: economic power is shifting from the west to the east

Fed's Pledge to Slash the Cost of Us Borrowing Fails to Stop Dow's Slide
A pledge to slash interest rates by the head of America's central bank last night failed to stem the selling of shares on Wall Street amid fresh evidence that the 'freefall' in the housing market is contaminating the rest of the world's biggest economy

Bubble Economics
Larry Elliot: The Fed's relationship with Wall Street has led to a high-risk policy that is blowing up a recession

Far From Being Over, Further Economic Uncertainty?
To say that Wall Street has been paying close attention to the actions of the US Federal Reserve recently is an understatement to say the least. Last week was no different as the Dow Jones & Co reacted frantically to Fed attempts to stoke greater movement in moribund credit markets.

Wall Street Rallied Once Again
After checking Betonmarkets.com the best value comes with a 'no touch' on the SP500 for 25 days using a no touch level 130 points below the current price. This option pays 6% ROI. This means the S&P 500 can go up, stay where it is, or drop slightly and you still win.

Wall Street's white Knuckle ride
Wall Street barreled higher this week, giving the Dow Jones industrial average its biggest two-day point gain in five years, after a Federal Reserve official hinted that the central bank may lower interest rates again says BetOnMarkets.com's Michael Wright.

No Fans of Stan
It has been a long time since Wall Street witnessed a display of bitch-slapping and back-stabbing quite as spectacular as the exit of Merrill Lynch chief Stan O'Neal

Wall Street Conventional Wisdom and Stock Market Corrections
Corrections are as much a part of the normal Market Cycle as rallies, and they can be brought about by either bad news or good news. (Yes, that's what I meant to say.) Investors always over-analyze when prices become weak and lose their common sense when prices are high, thus perpetuating the "buy high, sell low" Wall Street lunacy.

'Retirement' of Merrill Chief Causes Jitters on Wall Street
Losses of $7.9bn in credit crunch lead to departure· Interim reshuffle as bank begins hunt for new CEO

Bear Stearns Emerges As Wall Street's Biggest Loser From Turmoil
The investment bank Bear Stearns has suffered a painfully sore head from America's sub-prime mortgage crisis, revealing a 62% collapse in quarterly profits which made it by far Wall Street's biggest loser from the credit crunch.

Lehman Takes $700m Hit From Credit Crunch, But Shares Edge Up
The Wall Street investment bank Lehman Brothers has revealed that the global credit crunch knocked $700m (£350m) off its revenue over the summer as mortgage-backed securities plummeted in value.

Wall Street-on-sea Feels the Chill Amid Talk of Shake-out
Only the fittest investment houses will remain when market volatility subsides.

The Sub-prime Panic Has Spread Far Beyond Wall Street
It's no surprise that some risk-taking banks are in trouble, but the credit crisis could cripple even virtuous US and British lenders, warns Heather Connon.

How Turbulence Turned to Calamity on Wall Street
After a panic-stricken week and fearing a downturn in the US economy, the Fed was forced to step in. But has it done enough?

Bad Call From a Wall Street King
The US mortgage fiasco claims a top operator but will the Fed step in?

Dollar Falls Again Amid Growing Us Fears
Wall Street threatened by crumbling housing market - Pound hits its highest value in 26 years

How the Word on Wall Street Will Spread Around the World
Overseas targets would include FT, says Journal - Website to be launched in range of foreign languages

The Dollar is Overvalued and Will Fall Further
The writing has been on Wall Street for years: the dollar is overvalued and probably has further to fall, writes William Keegan.

Oil Price and Dollar Plunge As American Growth Stalls
· Wall Street urges Fed to hold off from rate rise · Economy was boosted by spending after Katrina

Dell's Shock Profit Warning Sends Technology Sector Reeling
Dell, the world's largest maker of personal computers, yesterday warned that its quarterly profits will be well below Wall Street's expectations as it battles against intense competition from second-placed Hewlett-Packard, China's Lenovo and even a resurgent Apple Computer.

Stocks: Did the Bubble Burst This Week?
Share prices crash in Wall Street and London, but may have further to fall. By Larry Elliot

Wall Street Losses Continue As Gm and Apple Disappoint
Wall Street yesterday suffered a second successive day of heavy losses, falling to five- month lows as the slowing economy combined with disappointment in important companies, including General Motors and Apple.

$29m Payout for Woman Belittled and Excluded By Wall Street Boss
Award against UBS is the latest in string of sexual bias cases against big finance firms.

Oil Down, Dollar Up As Wall St Re-opens
There were renewed signs of confidence in the American economy yesterday as oil prices fell, the dollar rose and Wall Street traders returned to work hoping the momentum from a strong comeback at the end of 2004 would continue.

US Insurance Sector Corrupt, Says Spitzer
Eliot Spitzer, the battling New York attorney general who took on Wall Street, yesterday turned his sights on the insurance industry, accusing it of widespread corruption. The allegations were made in a lawsuit filed against the largest insurance broker in the United States, Marsh &...

Yours for a Snip: the Manhattan Flat Going for $70m
It comes with its own ballroom, nine bedrooms, four terraces, heated marble floors and an address on the swankiest street in the most glamorous city in the world. New York's most expensive apartment is about to go on the market for $70m - £39m. The Wall Street financier Martin Zweig...

Americans' Spending Power Plummets As Oil Price Rises
George Bush's re-election prospects received a jolt yesterday after news that rising oil prices have hit the spending power of American voters to an extent not seen since the recession of three years ago. As the price of crude hit 21-year highs on the New York markets, Wall Street...

Haunted House Put Up for Sale
Spain's most famous haunted house has gone up for sale, with potential buyers offered the chance of sharing their home with a cast of ghosts whose faces allegedly appear on floors and walls. The unique selling point of the whitewashed house, 5 Real Street, in the village of Bélmez de...

Mack the Knife Cuts Suisse Tie
Credit Suisse today faced renewed uncertainty as the Swiss financial services firm announced the surprise departure of its co-chief executive, the Wall Street veteran John Mack. Some analysts said Mr Mack's exit, the latest upheaval in the company's stormy recent past, could weigh on it...

Star Us Banker Faces Jail After Guilty Verdict
Quattrone obstructed justice with 'itty bitty email'. Frank Quattrone, one of the most high-flying investment bankers on Wall Street during the dotcom boom, came crashing to earth yesterday when he was found guilty of obstruction of justice.

Wall Street pain deepens
The clean-up of Wall Street gathered pace yesterday as investigations into the mutual funds industry led to the suspension of a dozen staff at Prudential Securities and JP Morgan agreed a $25m (£15m) settlement of separate allegations.

Quattrone 'tried to block inquiry'
Frank Quattrone, once a high-flying executive at Credit Suisse First Boston, was yesterday described as a "powerful and successful Wall Street investment banker who tried to interfere with a federal investigation".

Sour Mood Descends on Wall Street
Downbeat data from the US economy underlined doubts about the strength of economic recovery yesterday, prompting a sell-off in equity markets on both sides of the Atlantic. After the closely watched Conference Board index of consumer confidence slid from 81.7 in August to 76.8 in...

Wall Street in Dock As Tyco Scandal Reaches Court
Wall Street found itself in the dock yesterday as two of the most eagerly awaited criminal trials to have emerged from the financial scandals of the past few years got under way. Dennis Kozlowski, the former chairman and chief executive of Tyco, and Mark Swartz, his former chief financial...

Spitzer - the Improbable Missionary
Revelations of scandal in Wall Street are coming thick and fast: the markets' credibility is on the line. Many of the United States' biggest mutual funds will begin in earnest this week the task of gathering emails and other documents in response to allegations of "pervasive" improper trading.

HP's fall punctures tech market hopes
Hewlett Packard yesterday dampened the hopes of a nascent recovery in the technology sector that have recently driven Wall Street's Nasdaq market to 16-month highs.

Merrill Lynch Rocked By $43m Embezzlement Claim
Wall Street bank's former chief energy trader under investigation over offshore cash. Merrill Lynch was plunged into fresh controversy yesterday when allegations emerged that a former energy trader had embezzled $43m (£28m) from the firm.

Top Merrill Lynch boss steps down
There was further turmoil at the top of Merrill Lynch last night when the Wall Street firm announced the departure of Arshad Zakaria, the head of investment banking and global markets.

Dow tumbles to two-month low on interest rate fears
Wall Street yesterday suffered its worst session in two and a half months as the Dow Jones index tumbled almost 150 points on renewed fears of terrorism and the prospect of a rebound in interest rates.

Games Sector Under Fire
The video games sector was sent reeling on Wall Street yesterday after the industry became the latest focus of inquiries into possible accounting irregularities. Several of the biggest companies in the business admitted late on Friday that they had become subject of a formal inquiry by...

Citigroup founder surrenders helm
Sandy Weill, a high-profile Wall Street banker, is relinquishing the helm of Citigroup after a 40-year career which has recently been marred by controversy over his behaviour during the dotcom boom.

Yahoo! record profits leave Wall Street unimpressed
Online giant Yahoo!, the bellwether of US internet stocks, doubled its profits in the second quarter as revenues hit new record levels, exceeding those set at the height of the internet advertising boom.

Bravo Company Snatches Its Prey in the Heat of Day
Jason Burke joins a squad of US reservists as they hunt for an Iraqi guerrilla leader in the dusty streets of Ramadi. The word is passed down the line of men crouching against the wall. They whisper, fearful of waking those in the house that looms above them. 'Fire in the hole,' they mutter one after another. 'Fire in the hole.'

Job Fears Haunt Us Consumers
America's lengthening dole queues are undermining household optimism, fuelling new worries about the health of the world's largest economy. Shares on Wall Street lost ground after a closely watched index of consumer confidence registered its lowest reading since the end of the Iraq war....

Judge's stern message to Wall Street crooks
Sam Waksal, the founder of drugs company ImClone Systems, was yesterday sentenced to more than seven years in prison and fined $4.3m (£2.6m), making him the first US chief executive to be jailed for the scandals that bloodied the reputation of Wall Street last year.

US jobless rate hits nine-year high
The US jobless rate hit its highest level for nine years in May, official figures showed today. However, Wall Street took heart from the fact that the job losses were smaller than had been anticipated.

Watchdogs Subpoena Bankers
Securities regulators have subpoenaed 50 of the best known names on Wall Street to hand over emails and documents, as the investigation into the misdemeanours of the late 1990s widens to net individual bankers. The requests have been sent to 12 investment banks seeking evidence about...

Export boost lifts Dow
Share prices surged on Wall Street yesterday as traders seized on the first signs of the cheaper dollar boosting exports from America's industrial heartland.

Growth tops agenda as finance ministers meet
US consumer confidence jumped in early May, following a quick US victory in Iraq and a rally on Wall Street, a key survey showed today.

Dome man stumps up $4.4m
Philip Anschutz, the billionaire Colorado businessman awarded the contract to run the Millennium Dome, yesterday agreed to pay $4.4m (£2.7m) to settle allegations that he profited from the Wall Street scandals of the late 1990s.

Analyst Scandal Costs Wall St $1.4bn
The breadth of the alleged corruption on Wall Street during the late 90s tech boom was revealed yesterday when an historic $1.4bn (£880m) settlement of conflict of interest allegations was finally published. The deal, agreed in principle at the end of last year, settles claims that...

Markets Slide As Hopes of Quick War Fade
World markets today wobbled as stubborn Iraqi resistance to US and British forces punctured hopes for a lightning victory against Saddam Hussein. Wall Street plunged 271.8 points, or 3.1%, to 8,250.1 as investors turned tail after an eight-day rally that had added almost 1,000 points,...

Wall Street Plunges on War Fears
Markets today wobbled as stiffer than expected Iraqi resistance dented hopes for a quick war. Wall Street opened sharply lower with the Dow Jones industrials average down 220.4 points, or 2.5%, at 8,301.5. Hopes for a US and British walkover took a knock as US and British casualties...

Surging markets feed on Wall Street gains
European shares rallied for the second day running with the FTSE-100 surging 100 points in early trading, buoyed by a strong overnight bounce in the US.

Markets bounce back
European markets today staged a modest recovery in early trading as investors moved to pick up bargains, boosted by overnight gains on Wall Street.

Quattrone faces Wall Street ban
Frank Quattrone, one of the investment banking stars of the technology boom, could be debarred from the securities industry after he failed to submit to questioning by regulators over his actions during the dotcom bubble.

Wall Street settlement threatens to unfold
The $1.5bn (£950m) settlement of claims that Wall Street's biggest investment banks deliberately misled investors during the stock market boom is in danger of unravelling.

Oil rises on war fears and cold
Pressure from Britain and the US for a new United Nations resolution to sanction a swift military strike against Iraq sent oil prices higher and undermined confidence on Wall Street last night.

Judge Adds to Wall Street Banks' Woe
A federal judge ruled yesterday that claims brought by more than a thousand investors, alleging that Wall Street banks rigged initial public offerings during the internet boom, could go ahead. Many of the biggest investment banks are already facing a deluge of claims related to other...

SEC Seeks Rating Sector Clean-up
The credit rating industry is facing sweeping regulatory changes in the wake of the scandals that have beset Wall Street during the past year. US financial watchdog the Securities and Exchange Commission has submitted a report to Congress detailing plans to launch an investigation into...

US shockwave hits London
The London stock market is bracing itself for a sharp fall this morning, with a sudden sell-off late on Friday on Wall Street adding to the gloom.

Wall Street counts the cost
Citigroup and Credit Suisse were yesterday counting the cost of the scandals that erupted on Wall Street last year when both delivered sharply lower results.

Jobless Fall Lifts Wall Street Gloom
US shrugs off anxieties as festive spirit spills over.

Spitzer Reaches $1.4bn Settlement With Banks
Wall Street's largest banks yesterday reached a landmark $1.4bn (£1bn) settlement of allegations that they deliberately misled investors during the stock market boom of the late 1990s. The agreement follows months of tough negotiations between 10 of the biggest names in the industry...

Salomon to pay $3m for sex discrimination
Salomon Smith Barney has been ordered to pay almost $3.2m (£2m) to a woman stockbroker in a sex discrimination complaint arising from the infamous "boom boom room" case that rocked Wall Street during the 1990s.

The Scourge of Wall Street on the Cusp of a Historic Victory
Few people in the US had heard of Eliot Spitzer 12 months ago. In Britain, virtually no one had.

Leak charges force out defence executive
The finance chief at Raytheon, the maker of Tomahawk and Patriot missiles, has resigned after being accused of leaking sensitive financial information to favoured Wall Street analysts.

New regulator socks it to Wall Street
President Bush yesterday continued to assemble the team he hopes will get the US economy back on track with the nomination of William Donaldson as chairman of the securities and exchange commission.

Wall Street vs Washington
George Bush has a choice between a Wall Street investment banker and a Washington insider when it comes to finding a successor to Paul O'Neill.

Wall Street faces $1bn dotcom fine
Wall Street firms are facing fines of at least $1bn (£640m) for misleading investors with biased research during the dotcom boom.

Grubman row moves into the nursery
The case against disgraced stock analyst Jack Grubman yesterday moved into one of the few arenas as bitterly competitive as Wall Street - Manhattan's upmarket kindergartens. It was claimed that Mr Grubman's children were given places at one prestigious nursery only after his boss, Citigroup chief executive Sanford Weill, pledged $1m to the institution.

Size of cut shocks Wall Street
The Federal Reserve, America's central bank, shocked Wall Street last night when it unveiled an emergency half-point cut in US interest rates to prevent the world's largest economy from sliding back into recession.

Fed to cut rate as US revival stalls
Wall Street and the City are betting heavily on an emergency rate cut from the Federal Reserve later this week in an attempt by the US central bank to halt the slide back into recession by the world's biggest economy.

Wall St expects rate cut after rise in jobless
Lengthening US dole queues and the spectre of a renewed recession in manufacturing sent the dollar plunging to a three-month low against the euro yesterday, as Wall Street anticipated an emergency cut in interest rates next week.

The Freedom of Indices
The quality of Wall Street research has suffered grievous blows these last two years. Yet, publishers of political and economic indices largely escaped unscathed. Though their indicators often influence the pecuniary fate of developing countries, they are open to little scrutiny and criticism.

Board Stupid
The unseemly row over who should lead the United States' new accountancy board will have done little to restore confidence in Wall Street, says Mark Tran.

Things Go Worse on Wall Street With Coke Warning
Wall Street gave up some of its gains of the past week yesterday as some of the biggest names in corporate America delivered a weak set of third quarter earnings, crushing hopes that company profits might be back on the rise. The Dow Jones was 200 points lower in mid-day trading after a...

Wall Street surges on
Wall Street continued its surge last night with the Dow Jones index closing 4.8% higher. The Dow has added nearly 1,000 points during the rebound of the past four days.

UK markets pass 4,000 mark
Leading UK shares today surged past the 4,000 level for the first time in a month, boosted by an about-turn on Wall Street and merger news.

Grubman Aids Us Clean-up
US prosecutors are understood to have developed an unlikely alliance with former Salomon Smith Barney telecoms analyst Jack Grubman as they widen investigations into the practices employed by Wall Street during the 1990s. Mr Grubman has been vilified for his starring role in the...

Congress Accuses Goldman of 'spinning' Tactics
The US investment bank Goldman Sachs today found itself embroiled in the spate of scandals rocking Wall Street. A congressional committee accused the prestigious firm along with two others on Wall Street, of rewarding senior company executives with preferential allocations of new shares...

And Today's Company Under Investigation Is. . .
Electronic Data Systems, the second-largest computer services company in the world, has become the latest Wall Street firm to face the scrutiny of financial regulators, writes David Teather.

FTSE gains 3% in line with Wall Street rally
European markets today surged in early trading after Wall Street jumped 346 points overnight.

The Whores of Wall Street
Just when you thought the Dome was slipping into history, its buyer is cast among the villains in a US shares scandal.

Wall Street heaps woes on FTSE-100
Wall Street today heaped more woe on world markets as it dropped sharply at the opening, on bleak corporate news.

Deep wounds keep sombre Wall Street under a cloud
September 11 helped expose the festering crisis at the heart of corporate America, prolonging a downturn now engulfing the globe. It's called "the widow". An unremarkable building by Manhattan standards, the office block that was once the New York home to Deutsche Bank now has a 20-storey gash down the front draped in a black shroud to stop rubble falling on those who come to stare at the emptiness where a year ago today the World Trade Centre still stood.

Eta Brings Women Fighters to the Fore
The shiny new plaque commemorating the Eta bombmaker Olaia Castresana sits high on a wall in a quiet side street of San Sebastian, etched with her young face and the dates of her birth and violent death. Someone has pinned a plastic green, red and white Basque flag below it. A woman...

UK market buoyed by rescue package
Leading UK shares rose sharply in late morning trading, boosted by a $30bn bail-out for Brazil and yesterday's late rally on Wall Street.

FTSE plunges amid fears of new slump
Leading UK shares plunged nearly 100 points in early trading today after a fresh slump on Wall Street. Taking its cue from drops of more than 3% in the Dow Jones industrial average and the Nasdaq technology market in the US, the FTSE-100 fell 2.1% to 3909.1 points in the first half hour of trading.

UK shares plunge after Wall Street slide
Leading UK shares today fell sharply at the opening following Friday's 193-point drop on Wall Street. The FTSE 100 was off 71.1 points, or 1.7%, at 4,004.4 after the Dow Jones industrial average lost 2.2% at the end of last week amid growing concern about the US economy.

Sharp bounce in UK shares
Britain's leading shares rose sharply in morning trading despite a loss of momentum overnight on Wall Street. Boosted by strong results from consumer products giant Unilever and broadcaster BskyB, the FTSE 100 was up 55.2 points, or 1.3%, at 4236.1. Recent gains means that the index of blue-chip companies has tacked on 10% since last Wednesday, when it hit an intra-day six year low.

Global markets rally
Optimism today returned to the markets as Wall Street turned sharply higher on big gains among battered technology stocks and the FTSE closed up 186 points.

FTSE surges in brisk trading
Optimism today returned to the markets as the FTSE 100 climbed over 90 points in anticipation of a higher opening on Wall Street after a late rally in American shares on Friday.

Capitalism's cheatin' heart
There was a major scandal in Wall Street this week when a rogue US corporation was found not to have been fiddling the books. "We can't imagine how this has been allowed to happen," said the shame-faced auditors.

European markets slide
European shares turned sharply downwards in late morning trading, in anticipation of losses on Wall Street. After opening lower, the FTSE 100 added to its losses and was off 91.4 points or 2.3% at 3874.5. London resumed its fall after a strong rally yesterday when the FTSE climbed 188 points, its third best percentage gain ever.

Soaring US shares give hope to FTSE
Shares on Wall Street yesterday soared to their biggest one-day gain since October 1987 as investors finally managed to shake off some of the gloom caused by the stream of corporate scandals in the US.

Markets surge after Wall Street rally
European shares today rallied in early trade after Wall Street surged to its biggest one-day rally since 1987. The FTSE 100 jumped 104.4 points or 2.7% to 3881.5 on strong UK company news, including a positive outlook from bank group HBOS.

Early Rally Fizzles
An early rally today fizzled as European markets resumed their fall on expectations of sharp losses on Wall Street.

US consumers lose heart - and so does the FTSE
Shares turmoil 'Double-dip' recession fears cross Atlantic. The crisis of confidence infecting financial markets on both sides of the Atlantic showed no signs of abating yesterday, with a brief rally on Wall Street crushed by news of a collapse in US consumer confidence. In London share prices closed at a five-year low.

Markets Slump After Brief Rally
Shares fell in London and New York this afternoon as early trading on Wall Street pushed the Dow Jones index down more than 140 points.

Late gains in US and Asia fuel FTSE recovery
Hopes that the market will finish the week on a high have been fuelled following the FTSE recovery this morning. Late gains in Wall Street and the Asian markets aided recovery from a five year low, with the index up 2% after closing 4% down at 4,230 on Thursday.

Qwest fuels share sell-off
The attempt by President Bush to restore some faith in corporate America seemed to leave investors unimpressed yesterday as Wall Street suffered another bout of panic selling.

Merck Delivers $12bn Jolt
Drug firm's dubious book-keeping drags down Wall Street. Merck & Co, the US drugs company, yesterday delivered a fresh jolt to Wall Street investors' faith in company accounts as it announced it had booked $12.4bn (£8.1bn) of revenue in the past three years that it never collected.

Positive opening for London's shares
The London market today bounced back from yesterday's five-year lows following gains on Wall Street last night.

The Number is Up for Wall Street
George Bush is in trouble. WorldCom's collapse is one scandal too many. In the United States, it is being talked about as Wall Street's Watergate. It's that serious.

The company sketched out on the back of a napkin that grew to $180bn
Tycoon's fervent belief in firm he built in 15 years suckered banks and analysts alike. A small town in Mississippi is reeling. Far from Wall Street, in downtown Clinton, the world's biggest financial fraud has been perpetrated.

Fed Helps to Steady Nerves Amid Worldcom Turmoil
The US Federal Reserve remained unruffled by the turmoil gripping world share markets in the wake of the WorldCom accounting scandal, keeping key US interest rates unchanged in a vote of confidence which helped steady nerves on Wall Street.

London market slumps almost 200 points
The London market fell nearly 200 points in the first minutes of trading today, engulfed by the Wall Street scandal over US telecoms giant WorldCom.

Charles Schwab feels the Wall Street pinch
Charles Schwab, one of the leading discount brokers in the US, yesterday gave clear evidence that the accounting scandals bruising Wall Street have led to a marked slowdown in trading.

IBM Dashes Recovery Hopes
IBM yesterday shattered fragile hopes for a recovery in the technology market when it warned that revenues in the first quarter would be sharply lower than last year. The warning was IBM's first in more than a decade and prompted a sell-off of technology stocks across Wall Street and...

Middle East Violence Sends Us Stocks Lower
Wall Street woke up yesterday to the potential repercussions of escalating violence in the Middle East, with stock markets suffering a sharp sell-off as the price of crude oil shot higher. By early afternoon, the Dow Jones index was trading 135 points - or 1.3% - lower at 10,268, with the...

SEC Tightens Up on Disclosure
Financial regulators in the United States yesterday announced plans to further tighten the rules governing public companies as part of the continuing effort to restore the credibility of Wall Street. The securities and exchange commission detailed a series of new rules including plans to...