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- THE Senate Committee Chairman on Aviation, Senator Anyin Udeh and the Director General of the National Civil Aviation Authority (NCAA) Dr. Harold Demeren yesterday identified lack of funds and corruption as major challenges the transport sector is ...
- The pound hit a five-year low against the dollar before closing at $1.6334 amid expecations of significant interest rate cuts. Sterling also fell against the euro, which climbed by 2 cents against the pound to close at 79 cents. Interest rates The ...
- Good day, everyone. Welcome to the Northern Trust Corp. third quarter 2008 Earnings conference call. Today’s call is being recorded. At this time, I would like to turn the call over to the Director of Investor Relations, Bev Fleming for opening ...
- UPDATED AT 5:12 A.M. -- TOKYO -- Asian markets veered sharply lower Wednesday, with Tokyo’s Nikkei index tumbling nearly 7 percent, amid spreading pessimism over corporate earnings outlooks in the U.S. and at home. European markets also opened ...
- COURBEVOIE, France , October 22 /PRNewswire-FirstCall/ -- The Saint-Gobain Group delivered consolidated sales of EUR33,435 million for the first nine months of 2008, versus EUR32,630 million for the same year-ago period, representing a rise of 2.5 ...
- Oct. 22 (Bloomberg) -- Investors are taking losses of up to 90 percent in the $1.2 trillion market for collateralized debt obligations tied to corporate credit as the failures of Lehman Brothers Holdings Inc. and Icelandic banks send shockwaves ...
- Brussels - Georgia was Wednesday promised a higher-than- expected 4.55 billion dollars in aid over the next three years to help it recover from its 5-day war with Russia. Pledges were made by some 40 countries and 15 international organizations ...
- Oct. 22 (Bloomberg) -- Russian companies may default on almost a third of local-currency bonds as soaring borrowing costs make it ``impossible'' to refinance the debt, according to the Bank of Moscow. A third of ruble debt is ``under severe ...
- The turmoil in global markets deepened Wednesday, as stocks fell sharply in Europe and Asia, and the euro and British pound fell to their lowest points against the dollar in years. Oil prices dropped below $70 a barrel. The DJ Euro Stoxx 50 index ...
- MUMBAI, Oct 22 (Reuters) - India's central bank on Wednesday said it had sold 10-year loans worth 43 billion rupees for five state governments. The loans of Maharashtra, Punjab and West Bengal were sold at a cut-off yield of 8.07 percent, Andhra ...
- • Steel maker AK Steel Holding 's ( AKS ) third-quarter earnings jumped 74 percent to $188.3 million, or $1.67 per share, as higher prices for the metal overcame weaker demand from the automotive, appliance and construction markets. Net sales ...
- Oil prices fell below $70 a barrel Wednesday in Asia as investors shrugged off a looming OPEC production cut after company forecasts suggested the U.S. may be headed for a severe economic slowdown that crimps crude demand. Light, sweet crude for ...
- RIYADH/DUBAI, Oct 21 (Reuters) - Saudi Arabia and the United Arab Emirates poured up to $10 billion into their banking systems to boost liquidity as Gulf Arab policymakers prepared on Tuesday to discuss a joint response to the global crisis. The ...
- RIYADH/DUBAI, Oct 21 (Reuters) - Saudi Arabia and the United Arab Emirates poured up to $10 billion into their banking systems to boost liquidity as Gulf Arab policymakers prepared on Tuesday to discuss a joint response to the global crisis. The ...
- Oct. 21 (Bloomberg) -- Citic Pacific Ltd. tumbled the most in 18 years in Hong Kong trading after predicting HK$15.5 billion ($2 billion) in losses from unauthorized currency bets. The unit of China's biggest state-owned investment company dropped 55 ...
- Oct. 21 (Bloomberg) -- Citic Pacific Ltd. tumbled the most in 18 years in Hong Kong trading after predicting HK$15.5 billion ($2 billion) in losses from unauthorized currency bets. The unit of China's biggest state-owned investment company dropped as ...
- The global financial crisis hasn't spared Asia, and the biggest hit has so far been absorbed by South Korea. After nearly two weeks of watching its currency dive, stocks fall and banks face a liquidity squeeze, Seoul announced a $130 billion ...
- * ITALY - Italy said it was readying a new plan to guarantee the debts of companies in distress, an Italian newspaper said. Under the plan, the Italian state will guarantee the loans of troubled companies that are unable to secure financing from ...
- STOCKHOLM, Oct 20 (Reuters) - Sweden's central bank said on Monday it would issue a $10 billion loan at an Oct. 22 auction as part of its campaign to ease strains in credit markets. "Confidence in the supply of credit to firms and households is still ...
- TOKYO, Oct 20 (Reuters) - The yen fell against the euro and the Australian dollar on Monday as news that a crisis summit was planned for next month helped the market regain some stability and prompted investors to pick up recently battered currencies ...
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