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(Reuters) - Australia's Westfield Group isn't expected to snap up any assets from the collapse of General Growth Properties Inc. despite its cash pile of nearly $6.5 billion, due a good uncertain outlook for that U.S. economy and also the global credit market.
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"We've had a rough set of two days, with bond yields approaching 5%. This market has been strong, it is therefore an excuse to take money there are various table, but this move is clearly interest-rate driven," Jay Suskind, director of trading at Ryan, Beck & Co, told MarketWatch.
At drinks as well . time, we had the associated with the oil business along with increased upload. This combined activity caused a boom regarding demand for U.S. dollars in foreign banks. Through the 1970s, over US$47 billion was making use of overseas banks.
Texas oil billionaire D. Boone Pickens, chairman of BP Capital Management, said he's delayed his plan produce the world's largest wind farm blaming financing problems and transmission line bounds.
Analogic (ALOG_), a provider of medical imaging and aviation security technology, reported third-quarter earnings of 54 cents a share, beating the average analyst estimate of 44 cents a share.
There aren' market moving economic releases today, but Kansas City Fed President Hoenig can speaking at 11:45 AM ET. His remarks should draw plenty of attention as Mr. Hoenig has been the one known dissenter at prior FOMC video conferences.
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