49296 results returned for search: "" category ("Other" AND "Business")
LONDON (Bloomberg) — Royal Bank of Scotland Group Plc plans to cut costs by more than £1 billion ($1.44 billion), partly by scaling back investment banking, as chief executive officer Stephen Hester tries to rescue the lender, a person familiar with ...
DATE: Feb 23, 2009
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Phuket, Thailand (Bloomberg) — Asian nations will form a $120 billion pool of foreign-exchange reserves that can be used by countries to defend their currencies in an expansion of efforts to battle fallout from the global financial crisis.
Finance mi...
DATE: Feb 23, 2009
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LONDON (Reuters) - Britain said yesterday it was tightening curbs on foreign workers from outside the European Union to increase the chances of British jobseekers at a time of rising unemployment.
Home Secretary Jacqui Smith said she was increasing t...
DATE: Feb 23, 2009
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Corporate earnings reports and economic data continue to be unrelentingly awful, just about anywhere in the world. But this is not unexpected, as we are currently experiencing the worst of the global recession. At the same time, faith in the ability ...
DATE: Feb 23, 2009
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Bermuda College economist Craig Simmons says Bermuda could see a severe recession, with a decline of 10 percent in gross domestic product (GDP) "a distinct possibility".
The respected commentator on the local economy said Finance Minister Paula Cox h...
DATE: Feb 23, 2009
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AUTHOR:
Jonathan Kent
GEORGETOWN, Guyana (AP) — A leading insurance company in Guyana says it has lost nearly $1.5 million in pension funds after investing with Texas financier Allen Stanford.
Spokesman Hewley Nelson says the "Hand in Hand" company began investing money w...
DATE: Feb 23, 2009
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NEW YORK (Reuters) - Bears could have the upper hand again this week if Wall Street fails to get assurance that major banks can be rescued without being seized by the US government.
The Dow breached a six-year low in the holiday-shortened week amid m...
DATE: Feb 23, 2009
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The common investment refrain these days is: "What am I going to do if my investments go to zero?" This statement is usually accompanied by terribly worried facial expressions. Sometimes it helps to apply some logic: "Why do you think all of your inv...
DATE: Feb 21, 2009
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Yesterday was Budget day. From a staggeringly cold New York City, here is some instant analysis.
I share Ms Cox's view that "there is still the spark of hope that the financial clouds will ease over the next 18 months". If, however, it takes 18 month...
DATE: Feb 21, 2009
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BOSTON (Bloomberg) — Sharks don't get cancer. Scientists who are interested in understanding the dynamics of cancer, therefore, say the study of sharks may be rewarding.
Similarly, looking at stocks doing well in a sour market can sometimes yield ins...
DATE: Feb 21, 2009
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