PARIS (Reuters) - The junior trader blamed for causing a $7 billion loss at French bank Societe Generale faced a second day of questioning on Sunday by finance police, who said he was cooperating with their inquiry.
Reuters - The junior trader blamed for causing a $7
billion loss at French bank Societe Generale faced a second day
of questioning on Sunday by finance police, who said he was
cooperating with their inquiry.
Reuters - As many as 20,000 jobs in London's
financial district are likely to be wiped out due to the
financial crisis, a survey showed on Sunday. Source: Yahoo! News: Business | 27 Jan 2008 | 12:19 pm
LONDON (Reuters) - As many as 20,000 jobs in London's financial district are likely to be wiped out due to the financial crisis, a survey showed on Sunday. Source: Infocious RSS raw feed - channel BNewsBusiness | 27 Jan 2008 | 12:19 pm
LONDON (Reuters) - As many as 20,000 jobs in London's financial district are likely to be wiped out due to the financial crisis, a survey showed on Sunday.
A Bahraini minister has warned of an "Asian tsunami" because of the reliance of "lazy" Gulf Arabs on foreign labour to carry out even the simplest tasks, in an interview published on... Source: Infocious RSS raw feed - channel BNewsBusiness | 27 Jan 2008 | 11:20 am
Alistair Darling defends his handling of the Northern Rock crisis, as the Tories outline their plans for the bank. Source: BBC News | Business | World Edition | 27 Jan 2008 | 10:53 am
US search-engine giant Google is interested in setting up a base in Malaysia, Prime Minister Abdullah Ahmad Badawi said, according to reports Sunday. "They want to make their Source: Infocious RSS raw feed - channel BNewsBusiness | 27 Jan 2008 | 10:19 am
Nathan Drake, who owes $54,000, spends nearly $2,000 more than he earns each month. An advisor urges drastic changes. ... Source: Infocious RSS raw feed - channel BNPaperBusiness | 27 Jan 2008 | 8:00 am
Zak Smith's bling may soon make him sing. And you too might be humming a happy tune if you've bought any diamond jewelry since 1994. Source: Infocious RSS raw feed - channel BNPaperBusiness | 27 Jan 2008 | 8:00 am
A dog's run-in with a skunk sends his owner scrambling for cleaning ideas. He ultimately finds an easy solution. ... Source: Infocious RSS raw feed - channel BNPaperBusiness | 27 Jan 2008 | 8:00 am
A dawning reality that millions of workers face an income squeeze when they retire has elevated building a nest egg to the national political agenda. ... Source: Infocious RSS raw feed - channel BNPaperBusiness | 27 Jan 2008 | 8:00 am
Your implication is correct that nuclear power works best and safest in a democracy ("New energy behind nuclear power," Jan. 21). Your statistics about mining coal in China are also chilling. Source: Infocious RSS raw feed - channel BNPaperBusiness | 27 Jan 2008 | 8:00 am
Having trouble making your mortgage payment, selling your home or finding enough equity in your house to help fund needed repairs? Well don't take out all your frustrations on Angelo Mozilo, the CEO of... Source: Infocious RSS raw feed - channel BNPaperBusiness | 27 Jan 2008 | 7:48 am
THANK goodness it was only a four-day week. For even in the span of just 96 hours, the stock market this week went stark-raving mad - first pricing in the possibility of the deepest recession since the... Source: Infocious RSS raw feed - channel BNPaperBusiness | 27 Jan 2008 | 7:48 am
With those holiday credit card bills now hitting mailboxes across the country, many people will be turning to special zero- or low-percentage teaser rates being offered by some companies. The offers often... Source: Infocious RSS raw feed - channel BNPaperBusiness | 27 Jan 2008 | 7:48 am
Investment banks this week are rushing to tighten their multiple layers of safety nets in hopes of preventing future runaway frauds by insider rogues or other charlatans who might slip through. US bank... Source: Infocious RSS raw feed - channel BNPaperBusiness | 27 Jan 2008 | 7:48 am
A company that analyzed the quality of subprime mortgages for investment banks has agreed to provide the New York attorney general with information for an investigation, a newspaper... Source: Infocious RSS raw feed - channel BNewsBusiness | 27 Jan 2008 | 6:22 am
Police on Saturday questioned the young trader blamed for a massive fraud that cost France's Societe Generale bank more than $7 billion, as the country's president accused global... Source: Infocious RSS raw feed - channel BNewsBusiness | 27 Jan 2008 | 5:38 am
Most taxpayers could expect a rebate of up to $600 starting in mid-May under the economic aid plan set to go through Congress within weeks. Couples could get twice as much, with even... Source: Infocious RSS raw feed - channel BNewsBusiness | 27 Jan 2008 | 5:36 am
Reuters - Qtrax, a new legal online file-sharing
service that allows fans to download songs for free, said on
Sunday it will launch with 25 million to 30 million copyrighted
tracks with backing from major labels. Source: Yahoo! News: Business | 27 Jan 2008 | 5:20 am
NEW YORK (Reuters) - Qtrax, a new legal online file-sharing service that allows fans to download songs for free, said on Sunday it will launch with 25 million to 30 million copyrighted... Source: Infocious RSS raw feed - channel BNewsBusiness | 27 Jan 2008 | 5:20 am
NEW YORK (Reuters) - Qtrax, a new legal online file-sharing service that allows fans to download songs for free, said on Sunday it will launch with 25 million to 30 million copyrighted tracks with backing from major labels.
KUALA LUMPUR (Reuters) - Web search engine giant Google Inc is interested to set up operations in Malaysia, citing the country's technology infrastructure and strategic location, newspapers Source: Infocious RSS raw feed - channel BNewsBusiness | 27 Jan 2008 | 5:06 am
KUALA LUMPUR (Reuters) - Web search engine giant Google Inc is interested to set up operations in Malaysia, citing the country's technology infrastructure and strategic location, newspapers reported on Sunday.
Reuters - Mortgage loan analysis company
Clayton Holdings Inc , in an agreement with New York's
attorney general, said on Saturday it would detail how Wall
Street firms disregarded its warnings about the quality of home
loans later sold to investors. Source: Yahoo! News: Business | 27 Jan 2008 | 3:43 am
Reuters - Mortgage loan analysis company
Clayton Holdings Inc , in an agreement with New York's
attorney general, said on Saturday it would detail how Wall
Street firms disregarded its warnings about the quality of home
loans later sold to investors. Source: Yahoo! News: Business | 27 Jan 2008 | 3:43 am
WASHINGTON (Reuters) - Mortgage loan analysis company Clayton Holdings Inc , in an agreement with New York's attorney general, said on Saturday it would detail how Wall Street firms disregarded its warnings about the quality of home loans later sold to investors.
Barack Obama won a sweeping victory over Hillary Clinton in the South Carolina Democratic primary election, propelled by overwhelming support from African-American voters Source: FT.com - US homepage | 27 Jan 2008 | 2:55 am
WASHINGTON (Reuters) - Mortgage loan analysis company Clayton Holdings Inc. will detail how Wall Street firms sometimes shelved their damaging loan reports under an agreement reached with... Source: Infocious RSS raw feed - channel BNewsBusiness | 27 Jan 2008 | 2:34 am
Reuters - New York Attorney General Andrew Cuomo
has subpoenaed Merck & Co and Schering-Plough Corp
for documents and information to see whether the
companies hid the results of a study on their cholesterol drug
Vytorin.
CHICAGO (Reuters) - New York Attorney General Andrew Cuomo has subpoenaed Merck & Co and Schering-Plough Corp for documents and information to see whether the companies hid the results of a study on their cholesterol drug Vytorin.
A shortfall in UK electricity generation is likely even after the recent decision on nuclear power, a report concludes. Source: BBC News | Business | World Edition | 27 Jan 2008 | 12:14 am
The state of the slowing economy and how to energize it - now and beyond - will be a focal point of President Bush's State of the Union address on Monday.
Jérôme Kerviel, the equity derivatives trader blamed for a €4.9bn fraud at French Bank Société Générale, was taken into custody for questioning by police in Paris. Source: FT.com - US homepage | 27 Jan 2008 | 12:04 am
The French bank is famous for its derivatives, but it has been hit by a bet on European share indices. Iain Dey reports Source: Telegraph Business | 27 Jan 2008 | 12:01 am
As many as 20,000 City jobs are likely to be wiped out by the financial crisis, according to one of the first comprehensive forecasts of the toll on London's economy. Source: Telegraph Business | 27 Jan 2008 | 12:01 am
Powerful funds backed by the Qatari government are considering assembling a significant stake in Credit Suisse, one of Europe's largest banks, The Sunday Telegraph has learned. Source: Telegraph Business | 27 Jan 2008 | 12:01 am
•?MONDAY All Leisure Group, which owns Swan Hellenic and Voyages of Discovery cruise brands, will release its first figures since listing in October. Brokers Blue Oar Securities are looking for pre-tax profits of £7m for the year to October 31, 2007, compared with £6.3m last time. Source: Telegraph Business | 27 Jan 2008 | 12:01 am
In our second extract from his provocative new book, Who Runs Britain? Robert Peston asks whether the new Masters of the Universe should be using their talents to save the world rather than making themselves even richer Source: Telegraph Business | 27 Jan 2008 | 12:01 am
Hamleys, the toy retailer owned by Baugur, the Icelandic investor, looks to have been one of Britain's rare winners during the crucial Christmas trading period, according to sales figures released this weekend. Source: Telegraph Business | 27 Jan 2008 | 12:01 am
When former Ghanaian farmer James Boateng launches a programme to safeguard the future of the country's cocoa industry tomorrow, he will do so knowing that the future of his employer, Cadbury Schweppes, also depends on its success. Source: Telegraph Business | 27 Jan 2008 | 12:01 am
You have to hand it to investment bankers. Having just about exhausted their preferred method of losing money - by lending it to people who can't pay it back - they now trot out their second favourite technique. Source: Telegraph Business | 27 Jan 2008 | 12:01 am
The company which owns half of Britain's radio and TV masts is offering to slash its prices in a move that could secure regulatory approval for its £2.5bn merger with rival National Grid Wireless and provide a major fillip to Britain's troubled commercial radio industry. Source: Telegraph Business | 27 Jan 2008 | 12:01 am
Britain's finance minister Alistair Darling on Sunday defended his handling of the crisis at troubled bank Northern Rock, after a highly critical report by an influential committee of... Source: Infocious RSS raw feed - channel BNewsBusiness | 26 Jan 2008 | 11:02 pm
BUENOS AIRES (Reuters) - Pan American Energy has discovered an oil reserve in southern Argentina in one of the biggest such finds of recent years in the energy-hungry country, a provincial governor said on Saturday.
NEW YORK (Reuters) - IAC/InterActiveCorp is talking to potential investors interested in the four business units the Internet conglomerate plans to spin off, such as its HSN shopping network and Ticketmaster box office service, the Wall Street Journal reported on Saturday.
FRANKFURT (Reuters) - German premium car maker BMW aims to increase its sales in the United States to 400,000 units per year in the medium term from 336,000, the German Auto Motor und Sport magazine reported.
BOSTON (Reuters) - Jack Welch transformed General Electric Co from an old-economy manufacturer into a modern conglomerate, in part because of his insistence on a culture of straight talk, according to a new book by his former speechwriter.
Trade ministers meeting in Davos say they will meet this Easter in a final attempt to negotiate a global trade deal. Source: BBC News | Business | World Edition | 26 Jan 2008 | 7:35 pm
Jerome Kerviel, the rogue trader alleged to have cost his bank billions of euros, is in police custody. Source: BBC News | Business | World Edition | 26 Jan 2008 | 5:36 pm
Research suggests private equity firms are not the massive destroyers of jobs they have been accused of. Source: BBC News | Business | World Edition | 26 Jan 2008 | 4:10 pm
A government agency with regulatory power over Freddie Mac and Fannie Mae opposes lifting the loan caps for the two agencies, part of the economic stimulus package announced Thursday.
Japanese PM Yasuo Fukuda warns action is needed to tackle the growing risks to the world economy. Source: BBC News | Business | World Edition | 26 Jan 2008 | 12:47 pm
Reuters - The junior trader blamed for causing a $7
billion loss at French bank Societe Generale faced a second day
of questioning on Sunday by finance police, who said he was
cooperating with their inquiry.
Reuters - New York Attorney General Andrew Cuomo
has subpoenaed Merck & Co and Schering-Plough Corp
for documents and information to see whether the
companies hid the results of a study on their cholesterol drug
Vytorin.