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The fall in freight rates to 20-year lows, the global financial turmoil and rupee depreciation have hit shipping companies hard. Globally, many of them are not even able to recover running costs.
HARTFORD, Conn.----The Hartford Financial Services Group, Inc. : Company increases 2008 guidance range to $4.70 to $4.90 Operating businesses continue to perform well in challenging environment, reflecting strong underwriting in P&C Operations and sharpening of focus in Life Operations Year-end capital outlook for company’s Life and Property and Casualty Operations remains strong
British Prime Minister Gordon Brown said Friday he will press bankers to pass on lower interest rates to consumers to ensure the economy benefits from the Bank of England's sharp rate reduction announced Thursday.
November losses drive pension funds deeper into the red
AHMAD and Lipan Rahman are among those who can't celebrate the Reserve Bank's rate cuts and banks' decisions to lower interest rates.
The Washington Post's Rob Pegoraro will be online to discuss recent reviews, answer your personal tech questions and provide gadget advice for this holiday season.
Royal Bank of Canada today reported net income of $4,555 million for the year ended October 31, 2008, down $937 million or 17% from $5,492 million a year ago. Earnings over last year were reduced by writedowns of $2,785 million before-tax and higher provisions for credit losses primarily in our U.S. banking business.
Pressure is mounting on banks to pass on the full benefits of the interest rate cut.
How fortunate women are when evening dress is mandatory.
By Peter Griffiths and Myles Neligan
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