Know Your Investment: Stocks that you can buy next week
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Know Your Investment: Stocks that you can buy next week

The BSE benchmark Sensex soared by over 410 points to more than two-month high of 17,496.96 in pre-close trade today on foreign fund inflows buoyed by the government’s moves to revive the economy.

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Global investment banking fee income fell 25 percent in Q2
News from Reuters:

The headquarters of Morgan Stanley is pictured in New York June 1, 2012.

Credit: Reuters/Eric Thayer

LONDON/NEW YORK | Fri Jun 29, 2012 7:42am EDT

LONDON/NEW YORK (Reuters) – Global investment banks’ fee income dropped by about 25 percent in the second quarter, reaching its lowest level since early 2009 as the widening euro zone crisis weighed on securities underwriting and merger activity, Thomson Reuters data show.

The fees totaled nearly $ 14 billion in the second quarter, down from more than $ 18 billion in the first quarter of 2012. Year to date, fees have totaled $ 32 billion, down 25 percent from the same period in 2011.

Though the pain has been widespread, dealmaking in Europe has been particularly tough, with new listings in the region almost sta…………… continues on Reuters

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