Sept. 18 (Bloomberg) — U.S. stock-index futures advanced and European shares rallied after profit at Lehman Brothers Holdings Inc. exceeded analyst estimates and investors speculated the Federal Reserve will cut interest rates.
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PSE temporarily halts trading as stocks suffer heavy losses
MANILA, Philippines - For the first time in the 81-year existence of stock trading in the country, the Philippine Stock Exchange on Monday has temporarily halted the session in a bid to calm the frantic sell-off in local shares, which sent the main index falling by more than a tenth of its value.
Stocks were set to open lower on Tuesday after Monday's rally as a higher-than-expected reading on a key gauge of wholesale-level inflation raised some fears that the Federal Reserve would move more aggressively to stem inflation.
Fairfax files $5B-US lawsuit against hedge funds alleging stock manipulation
TORONTO (CP) - Fairfax Financial Holdings Ltd. (TSX:FFH.SV) is seeking $5 billion US in damages from a number of U.S. hedge funds, alleging they participated in a stock-market manipulation scheme that has "severely harmed" the insurance giant.
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