Sarkozy questions ECB rate rise

Posted by Financial Service News on July 6th, 2008

French President Nicolas Sarkozy resumed his criticism of the European Central Bank today, asking it was "reasonable'' for it to have raised the region's key interest rate.

Rally: Share market tipped to start week higher

Posted by Financial Market News on July 6th, 2008

AUSTRALIAN stocks are expected to open higher tomorrow after US stocks rebounded last week.

B&B pays a high price for advice

Posted by Financial Service News on July 6th, 2008

TROUBLED lender Bradford & Bingley is reportedly set to pay a "success fee" to investment bank Goldman Sachs despite the collapse of its rescue deal with private equity firm TPG.

Wall Street gets ready for earnings, oil moves

Posted by Financial Market News on July 6th, 2008

Investors battered by surging energy prices, disappointing economic data and the ongoing credit crisis will have something else to worry about this week - second-quarter corporate results.

NBC Universal to buy The Weather Channel for $3.5B

Posted by Financial Service News on July 6th, 2008

NBC Universal and two partners said Sunday they have reached a deal to buy The Weather Channel from Landmark Communications Inc., ending a drawn-out process that had attracted interest from several major media ...

Dollar Decline Due To US Foreign Policy

Posted by Financial Market News on July 6th, 2008

Things in the U.S. sure are tough. Brother, can you spare a euro? Brazilian Supermodel Gisele Bundchen no longer wants to be paid in dollars .

Corzine prepared to lend support to Obama

Posted by Financial Service News on July 6th, 2008

After months of earnest campaigning on behalf of Hillary Rodham Clinton, Gov. Jon S. Corzine now says he'll do whatever it takes to help Barack Obama get elected president.

MBIA is paying for its errors

Posted by Financial Market News on July 6th, 2008

Q : I am very concerned about my shares of MBIA Inc. What are the prospects? V.R., via the Internet A : The world's largest bond insurer has taken charges on billions of dollars of exposure to bonds tied to ...

Countrywide settlement gets initial approval

Posted by Financial Service News on July 6th, 2008

A Delaware judge this week granted preliminary approval of a proposed settlement in a shareholder lawsuit against mortgage lender Countrywide Financial Corp.

Rising inflation giving investors nowhere to hide

Posted by Financial Market News on July 6th, 2008

There is nowhere to hide from inflation. Prices in one in four countries, many of them in emerging markets, are accelerating at a double-digit pace, which puts them at least two and a half times the 4 percent ...


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