We extend your Money Senses
By Douwe Miedema, European Wealth Management Correspondent
ZURICH (Reuters) - Wealth managers are urging millionaire clients to sell shares and build up cash until stock markets settle and low prices provide new buying opportunities
The market rout has unnerved some private investors, bankers said on Friday, even though the unfolding crisis seems largely contained to financial markets […]
From The Times
August 20, 2007
David Robertson
The Competition Commission is about to be deluged by more than 12 million e-mails from supermarkets and their suppliers as part of an investigation into alleged threats by the stores.
The Commission has issued Tesco and Asda with a Section 109 request asking for all communications between the supermarkets and their […]
Groups press regulator to ban “no doc” loans, prepayment penalties
By Robert Schroeder, MarketWatch
WASHINGTON (MarketWatch) — Individuals and groups including the U.S. Conference of Mayors and the National Community Reinvestment Coalition are urging the Federal Reserve to protect borrowers against abusive mortgage lending, telling regulators to take steps including banning or limiting so-called “no-doc” loans and […]
THE FED
By Robert Schroeder, MarketWatch
WASHINGTON (MarketWatch) — Rising home prices and innovations in the financial sector are the two biggest factors in the spike in U.S. household debt and the related decline in savings, Federal Reserve Vice Chairman Donald Kohn wrote in a research paper presented Sunday.
In a paper presented to a conference held […]
MUMBAI: Domestic equities will, in all likelihood, rebound on Monday, tracing the trend in the US markets, which snapped their six-session losing run on Friday after the Federal Reserve cut its discount rate. The rate cut, which is aimed at easing the money supply situation in the world’s largest economy, may temporarily allay investor concerns. […]
David Lazarus:
Consumer Confidential
For consumers, there’s little reason to worry
August 17, 2007
Financial turmoil at Countrywide Financial Corp., the country’s biggest mortgage lender, might have many people wondering whether their home loans are in trouble. And what about funds deposited in Countrywide’s affiliated savings and loan operation, Countrywide Bank?
From a consumer’s perspective, experts say, there currently isn’t […]
By SHAHANAAZ HABIB
SHAH ALAM: Proton is banking on its latest sedan, the Persona, to restore its position as the No. 1 car company in the country.
The four-door 1.6 sedan, costing between RM44,999 and RM55,800 will replace the Wira model.
Proton Holdings Bhd chairman Datuk Mohammed Azlan Hashim said given the popularity of the long-standing Wira, “extra […]
KUALA LUMPUR (Thomson Financial) - German car maker Volkswagen AG is conducting due diligence on Malaysian national car maker Proton Holdings Bhd as part of negotiations for a possible strategic alliance, Prime Minister Abdullah Ahmad Badawi confirmed for the first time.
He told Agence France-Presse late Wednesday it is important for Proton to be ‘comfortable’ with […]
By Jordan Robertson, AP Technology Writer
Group of Reporters and Their Family Members Sue HP Over Boardroom Spying Scheme
SAN JOSE, Calif. (AP) — A group of reporters and their family members whose private telephone records were secretly obtained as part of Hewlett-Packard Co.’s boardroom surveillance scheme sued the technology giant and two former executives Wednesday.
Five […]
By Richard McGregor and Jamil Anderlini in Beijing
Chinese state lenders, including the Bank of China, are expected to announce losses from their exposure to the US subprime lending market when they release their first-half results in the coming weeks.
But the exposure of China, both in terms of the government’s hundreds of billions of dollars of […]