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The fleecing knows no end. Take a look at GM's 8.375 percent bond due in July 2033, and feast your eyes on the new world of American capitalism.
Police arrest 15 directors, six others for defaulting loans. The Pune police today arrested 15 directors of the Shree Suvarna Sahakari Bank for their alleged involvement in a Rs 436.74-crore loan scam.
Nov. 23 (Bloomberg) -- Persian Gulf shares fell as crude oil below $50 a barrel undermined investor confidence that regional governments, dependent on income from oil exports, will be able to offer financial help to ailing companies.
Much of the damage inflicted on Citigroup was caused by errant, high-octane trading and lax oversight, critics say.
CITIGROUP Inc.’s board was set to meet yesterday to discuss the bank’s options, a person familiar with the matter said, after chief executive Vikram Pandit’s efforts to rebuild investor confidence failed to halt the stock’s descent to a 15-year low.
ERG investors agreed to a restructure yesterday that will strip the smart-card operator of its assets and leave the NSW Government with a corporate shell as the target of a legal claim of $89 million over the failed TCard project.
The lack of specific bad news isn't soothing investors in Citigroup and other banks. They're worried about economic gloom, more losses and the uncertain outlook.
MANILA, Philippines - Yields from short-tenored government debt papers are expected to inch up in the week ahead, while the peso will likely stay stuck in tight trading ranges, as investors remained edgy, keeping an eye on how plans to stem the US economic crisis will unfold.
THE PHILIPPINE government will help boost the capital of the central bank by selling P25 billion in investment papers next month, the central bank governor said.
By Karima Anjani and Gde Anugrah Arka
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