May 11, 2000 |
Bank of America Corp., the largest U.S. bank, said it's considering acquisitions and hiring investment bankers from rival firms to bolster its securities business in Europe. The Charlotte, N.C.-based bank has no plans to buy a "big investment bank" and would rather recruit bankers from other firms, said Kenneth Lewis, Bank of America's president and chief operating officer. The bank would consider buying a smaller firm to fill a particular niche, he said.
July 24, 1997 |
As hot as the U.S. stock market is, it's a piker compared with European stocks. Most major European markets soared anew on Wednesday, drawing strength from expectations for continued moderate U.S. interest rates, and from the stronger dollar. The German market's key index zoomed 175.67 points, or 4.2%, to a record 4,406.09, in the biggest rally this year. In France, the key index jumped 2.8%, while Dutch shares leaped 2.9% and Italian shares were up 1.8%.
November 28, 1997 |
European stocks rose, led by Germany, as a rebound in Japanese shares eased fears of a meltdown in Asian markets and a strengthening U.S. dollar helped boost shares of exporters. Japanese stocks gained for a second day, led by banks and brokerages, amid optimism the government will apply strong measures to bail out the country's faltering financial industry. Tokyo's benchmark Nikkei-225 index rose 3.5% to 16,603.20 points.
November 25, 1991 |
Many foreign stock markets have shown surprisingly small reactions to Wall Street's recent turbulence--a good reminder of the benefits of international investment diversification. While the Dow Jones industrial average has fallen 5.2% since Nov. 14, including the 120-point plunge on Nov. 15, the Hong Kong stock market has actually risen 0.8% in that period, as measured by the blue chip Hang Seng index. How a few other key markets fared: * German stocks have barely budged.
August 17, 1988 |
Pressure is growing in Western Europe for companies and stockbrokers to tell the public more about the stocks they try to sell. Governments have enacted or are debating new rules, and stockbrokers and market analysts told Reuters that they expect a move toward harmonizing widely varying standards now prevailing in Europe. In Britain, a tough new market-regulating law requiring disclosure of information materially affecting a company's prospects for investors took effect in April.
August 4, 1993 |
Most European stock markets have rallied briskly over the past week, as the Continent's latest currency crisis opened the door to much-needed interest rate cuts. Despite the markets' gains, many international stock mutual fund managers say they're still eager to boost their ownership of European shares, anticipating an economic recovery.