Archive for March 21st, 2008
Friday, March 21st, 2008
Masaaki Shirakawa and Kiyohiko Nishimura on Friday received appointment letters for the deputy governorship of the Bank of Japan (BOJ) at the prime minister's office, with Shirakawa acting as the central bank chief pro tem.
The inst ...
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Friday, March 21st, 2008
Major business organizations of Myanmar and Brunei have reached a memorandum of understanding (MoU) on promoting trade ties between the two countries, especially in trading of Myanmar's gems, jade and jewelry, a leading local weekly, the My ...
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Friday, March 21st, 2008
The US housing recession has arrived literally on the doorstep of Federal Reserve Chairman Ben Bernanke.
Bernanke lives in Washington's Capitol Hill area in a four-bedroom, 2,600-square-foot house he bought new in May 2004 for $839,000. ...
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Friday, March 21st, 2008
Times are tough in Beverly Hills. Well, tougher, anyway.
As recession looms and Wall Street shivers, the Los Angeles area's richest are perhaps perspiring - although they never actually sweat like other people.
Just ask Tim O'Hara, ge ...
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Friday, March 21st, 2008
Citigroup Inc, the biggest US bank by assets, plans to cut more than 5 percent of staff in the securities unit to rein back expenses after US subprime-mortgage related losses.
"Each year we identify the bottom 5 percent of performers in ...
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Friday, March 21st, 2008
JPMorgan Chase & Co Chairman Jamie Dimon offered Bear Stearns Cos managing directors cash and stock incentives to win their support for a takeover and prevent them from leaving the firm, two people familiar with the matter said.
Dimon sa ...
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Friday, March 21st, 2008
Credit Suisse Group, Switzerland's second-largest bank, probably will post its first quarterly loss since 2003 after writing down debt securities that were deliberately mispriced by traders.
Credit Suisse fell as much as 11 percent in Sw ...
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Friday, March 21st, 2008
Rentokil Initial Plc, the world's largest pest-control company, fired Chief Executive Officer Doug Flynn and Chairman Brian McGowan, three weeks after forecasting a drop in profit this year.
Alan Brown, former chief financial officer at ...
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