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General Electric Co warned that turmoil in global credit markets could drive profit down as much as 12 percent this year, confirming Wall Street’s fears about the vulnerability of the company’s finance arm.
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With more than half-a-trillion dollars in assets and an annual growth rate that has outpaced conventional banks’ by nearly 50 percent, the Islamic finance industry is already making waves among investment fund managers. …
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You’ve heard of finance capitalism–this appears to be finance socialism. Were I Barack Obama, I would announce now that Nancy Pelosi and Harry Reid are calling congress back into session to deal with the financial crisis the day after …
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Amazing how rhetoric gets subordinated to panic to these people, isn’t it? OK, I have a question for Democratic voters. In 2004, you folks lost control of the Senate and didn’t win the House, and you vowed to reverse that. …
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NET RESULTS:A FEW years ago, the open-source operating system Linux was well known to techies, and barely known to the person on the street. That was for good reason - while it had enormous popularity for its reliability and flexibility …
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The Bush administration’s strategy boiled down to allowing Wall Street to privatize the gains while government socialized the losses.
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JEDDAH: Finance ministers of the Gulf Cooperation Council (GCC) yesterday approved proposals to set up a monetary council and a draft charter for a monetary union, bringing the six-member group a step closer to launching the single currency.
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Schools in southern New Brunswick need a big influx of cash from the province in order to bring them all up to current fire codes, the director of finance for District 2 said Thursday.
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International Lease Finance Corporation (ILFC) announced today that it requested to borrow the maximum available principal amount of $6.5 billion under its three unsecured revolving credit facilities on September 16, 2008. To date, ILFC has received approximately $6.4 billion of the $6.5 billion requested. ILFC expects to receive the remainder of the borrowing request by tomorrow. The amounts …
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KUALA LUMPUR: The surprise appointment of Datuk Seri Najib Tun Razak as Finance Minister comes during one of the most trying times for Malaysia, his younger brother and CIMB Group chief executive Datuk Seri Nazir Razak said yesterday.
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