Market News News Page 5

Shares trading of Spain's Bankia in Madrid has been suspended. Before a board meeting this afternoon, Bankia asked for its shares to be suspended in order to reformulate its 2011 accounts and write up a plan to support its finances. Bankia has now formally asked the Spanish government for a bailout package of 19 billionn euros ($24...

On Thursday, global stocks saw gains as the euro dropped on data suggesting that Europe's debt crisis was exacerbating a global economic slowdown, which added to investor woes about Greece's possible departure from the eurozone. It was a volatile session, as investors seeking for bargains first bought oil, gold, and equities, which were...

Stock markets have sharply dropped ahead of a European Union meeting, while concerns rise over Greece's potential exit from the euro. Shares dropped after a report cited ex Greek PM Lucas Papademos saying that Greece’s government might be preparing to leave the euro. Italian markets closed down by 3.7%, while Spanish markets dropped by...

Facebook's flotation has become more controversial amid reports of worries over the way advisers unveiled information to investors. While Facebook shares dropped another 9% last Tuesday, regulators said they may look over the disclosure process to find out if some investors were given favourable access. Regulatory body FINRA and the SEC...

Shares in Facebook finished below the price where they were floated, amid concerns that the newly-listed firm can truly live up to investor expectations. The shares first appeared on the Nasdaq exchange at $38 on Friday, but finished down by 11% on Monday. Some experts said that shares would have dropped on Friday if underwriters had not...

European markets experienced a jittery session last Friday as worries raged on over Spain and Greece. Spain's Ibex index was able to recover after losing over 2 percent early on, finishing the day a little higher. Investors transferred money into German bonds, seen as a low-risk move, while oil prices dropped, indicating global economic...

As reported by the BBC, social network giant Facebook has valued share prices for its highly-anticipated share flotation. The company announced on Thursday that it had priced shares at $38 each, and would begin trading them in New York on Friday. At this value, the eight-year-old company will be worth $104 billion. Demand is expected to be...

As reported by the BBC, in response to strong demand, social network Facebook has announced plans to sell 25 percent more shares than initially planned in its flotation. The decision comes one day following the company’s announcement that it would raise its share prices by 21 percent, increasing it to between $34 to $38 per share. The...

As reported by the BBC, Asian shares have dropped after Monday's declines in the US and the EU, as political uncertainty in Greece has caused many investors to seek less risky assets. South Korea's Kospi finished down by 0.77% to 1,898.96, while Japan's Nikkei 225 index ended down by 0.8% at 8,900.74. Asian market shares had been lower...

As reported by the BBC, stocks have fallen around the globe as Greece's sustained political uncertainty challenges investor confidence. Still struggling to create a coalition government, Greece is faced with the threat of holding new elections, as EU leaders convened in Brussels. Luxembourg PM Jean-Claude Juncker said that Greece outside...