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Business, Finance & Insurance Market News
05.01.2009 / Dollar Rally Fizzling as Fed Triggers Risk Appetite
The dollar, yen and Swiss franc may weaken this year against 2008’s biggest losers in the currency markets as the global economy starts to recover, the largest foreign-exchange strategists and investors say. The winners will be the...

27.11.2008 / Norinchukin to Seek $10.5 Billion in Biggest Fundraising by Asian Company
Norinchukin Bank, the Japanese agricultural bank stung by wrong-way bets on credit derivatives, will seek more than 1 trillion yen ($10.5 billion) in Asia’s biggest capital-raising since the global credit crisis began. The lender, which...

19.11.2008 / SABIC and ExxonMobil Chemical sign Heads of Agreement for new Elastomers project in Saudi Arabia
Saudi Basic Industries Corporation (SABIC) and affiliates of ExxonMobil Chemical have signed a Heads of Agreement (HOA) and are progressing detailed studies for a new Elastomers project at their petrochemical joint ventures, Kemya and Yanpet....

18.11.2008 / Inflation set to fall below 5%
Inflation in Britain is set to fall back below 5% in October down from a 16-year high, thanks chiefly to lower petrol prices. The annual growth rate in the consumer prices index (CPI) - the official measure of the cost of living - climbed to...

17.11.2008 / G-20's Financial-Market Regulation Proposals May Limit Profit
Leaders of the world’s biggest developed and emerging nations put banks and investors on notice they will need to keep more capital and reveal more about their holdings, signaling the industry may emerge from the current crisis with less...