Insight fund takes first leap into battered CDOs
LONDON (Reuters) - Insight Investment's multi-asset group bought its first collateralised debt obligation (CDO) this week, snapping up high spreads in a market battered by the credit crisis that most investors are still afraid to touch. feeds.reuters.com
US job losses mount, recession feared
EMPLOYERS cut jobs in March for a third straight month and the jobless rate jumped to a two-and-a-half year high, further evidence that a housing downturn and credit crisis may have pushed the economy into recession. news.com.au
European exchanges surge on US job data
EUROPEAN exchanges ended the week sharply higher yesterday following reports that the US had lost fewer jobs that had been expected in April and might now avoid recession. news.com.au