Investors to buy failed US bank IndyMac
Submitted by Marina Dimova on Sat, 01/03/2009 - 08:28.
A group of private investors is to buy US bank IndyMac, which was seized by regulators in July, for 14 billion dollars, the Federal Deposit Insurance Corporation said Friday in Washington.
Top Swiss banks close bad year with big deals
Submitted by William Kaelin on Wed, 12/31/2008 - 20:39.UBS and Credit Suisse, Switzerland largest banks, made two large deals Wednesday to close off what were bad years for both.
Group nearing buyout of failed lender Indymac
Submitted by William Kaelin on Mon, 12/29/2008 - 16:58.A group of firms was nearing an agreement with US regulators to buy the failed lender IndyMac, US media reported on Monday.
US court agrees to partial sale of Lehman Brothers
Submitted by Marina Dimova on Tue, 12/23/2008 - 08:57.
A US bankruptcy court approved the sale of investment bank Lehman Brothers' investment-management division Neuberger Berman, news reports said late Monday.
World Bank to open Singapore hub with focus on urbanization
Submitted by Marina Dimova on Thu, 12/18/2008 - 08:44.
The World Bank and Singapore signed an agreement Thursday to set up an urban hub in the city-state to provide and facilitate advice and technical assistance to developing countries on urban management, water and resource management, city financing and urban design.
Asian Development Bank to help reform Philippine justice system
Submitted by Marina Dimova on Wed, 12/17/2008 - 08:30.
The Asian Development Bank said Wednesday that it had approved a 300-million-dollar loan to help the Philippine government improve the integrity and efficiency of its justice system.
Chinese shares shed nearly 4 per cent
Submitted by Marina Dimova on Fri, 12/12/2008 - 08:25.
Shares in China's two stockmarkets plunged by nearly 4 per cent on Friday, following a regional fall prompted by the US Senate's failure to approve an emergency loan package for the auto industry.
VW Bank seeks state guarantees
Submitted by William Kaelin on Tue, 12/09/2008 - 22:25.A banking unit of Volkswagen AG that helps buyers to finance cars said Tuesday it was seeking assistance from the German government's bail-out scheme for banks.
The Singapore Exchange Limited (SGX) Tuesday said its derivatives and Exchange Traded Funds (ETF) markets set new trading records last year with volume surging to 
When the Spirit rover landed on Mars five years ago, no one expected it or its sister rover Opportunity to make it to their first birthdays, let alone their fifth.
The San Antonio Spurs turned up their trademark defense down the stretch to turn back another opponent. 
Popular US talk show host Oprah Winfrey, 54, has vowed to battle her recent weight gain, blaming it on "food abuse."
After the Taipei Zoo received two giant pandas from China, another Taiwan zoo said Friday it is seeking to receive a pair of pandas from China.