S. Korean officials say KDB has not abandoned Lehman: report

Posted by Financial Service News on August 31st, 2008

The state-run Korea Development Bank of South Korea has not abandoned its efforts to buy a stake in Lehman Brothers , according to a report in the online edition of the Korea Economic Daily on Sunday, citing ...

Oil giants gush upwards as the Footsie continues to recover lost ground

Posted by Financial Market News on August 31st, 2008

STRONG gains for oil and banking stocks saw the FTSE 100 Index make good progress yesterday and close at another two-month high.

Preparing for phone, electricity outages in wake of hurricane

Posted by Financial Service News on August 31st, 2008

August 30, 20008 -- After a natural disaster, there's often no electricity, Internet, or telephone access - rendering credit and debit cards temporarily useless.

Australian stocks to open lower

Posted by Financial Market News on August 31st, 2008

THE Australian sharemarket is expected to open lower today as local investors follow the lead from Wall Street trading buffeted on Friday by a hurricane.

Commerzbank to acquire Dresdner

Posted by Financial Service News on August 31st, 2008

The deal will create Germany's largest bank, surpassing Deutsche Bank AG. Commerzbank AG is close to buying Allianz SE's Dresdner Bank for about 9 billion in a deal that would create Germany's largest bank by ...

Feeling stressed? Try an investment plan

Posted by Financial Market News on August 31st, 2008

With the stock market regularly posting triple-digit swings and commodity prices jumping up and down, it's easy to understand why some investors are stressed-out. 'There's a lot of volatility, emotionality and ...

Swan welcomes Wizard rate cut

Posted by Financial Service News on August 31st, 2008

Treasurer Wayne Swan would like the banks to bring down their mortgage rates over and above a predicted cut by the Reserve Bank of Australia this week.

Consumer Spending in U.S. Slowed in July as Prices Rose Most in 17 Years

Posted by Financial Market News on August 31st, 2008

Spending by U.S. consumers slowed in July as the impact of the tax rebates faded and a pickup in inflation eroded Americans' buying power.

Defining Banking Stocks — The Good and the Bad

Posted by Financial Service News on August 31st, 2008

Ronald Hermance, head of Hudson City Bancorp, has never made a subprime loan. His bank doesn't keep risky mortgage securities on the books, and is headed toward another record year of profits.

ZEN Securities Ltd launches its new brand identity

Posted by Financial Market News on August 31st, 2008

Zen Securities Limited , a leading financial services company, announced the launch of its new brand identity ZEN Money on Friday.


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