Insurances & Business

News Economy Business Investment Banks Credits

Archive March/2008


Mortgage Rate Freeze Not Good Idea: OFHEO Chief

WASHINGTON (Reuters) - There are signs of improvement in U.S. housing markets but the idea of freezing mortgage rates for a period of time would be a mistake, the director

Citi Says Lehman Has Ample Liquidity

(Reuters) - Lehman Brothers Holdings Inc <LEH.N> has ample liquidity to run its business and will generate positive earnings and grow book value per share this year, said Citigroup analyst

Stimulus to Create Up to 600,000 Jobs: Paulson

WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson said on Friday that an economic stimulus program that will put $168 billion into consumers' hands this year and next could help

Price Stability Should Remain Key: Fed’s Plosser

CAPE TOWN (Reuters) - The best way for central banks to foster sustainable economic growth and prevent instability is to keep inflation under control, Philadelphia Federal Reserve President Charles Plosser

Judge Says Ex-Bear Exec Can’t Join Morgan Stanley

NEW YORK (Reuters) - A U.S. federal judge has temporarily blocked a former senior Bear Stearns Cos <BSC.N> executive from jumping to Morgan Stanley <MS.N> and recruiting clients and colleagues

Fannie, Freddie May Raise $20 Billion: Report

NEW YORK (Reuters) - Fannie Mae's <FNM.N> and Freddie Mac's <FRE.N> regulator will allow the mortgage financiers to raise as much as $20 billion in capital as part of an

Sen. Schumer Urges New Financial Regulation: Report

NEW YORK (Reuters) - Sen. Charles Schumer on Friday called for a rethinking of the U.S. financial regulatory system, perhaps moving toward a single regulator, following the collapse this month

U.S. Incomes Seen Up in Feb, Core Prices Tame

NEW YORK (Reuters) - U.S. incomes probably continued to grow at a moderate pace in February, according to a Reuters poll, while underlying inflation pressures are likely to have eased.

Citigroup Names New Head of Global Prime Finance -memo

HONG KONG (Reuters) - Citigroup, the largest U.S. bank struggling to recover from the credit crunch, tapped Nick Roe to be Head of Global Prime Finance, according to a company

BHP Billiton to Phase Out Standard Bank Business

JOHANNESBURG (Reuters) - Mining group BHP Billiton <BHP.AX> <BLT.L> will phase out annual business with Standard Bank <SBKJ.J> in the first corporate spat brought on by South Africa's power crisis.