After NASDAQ vows to sell 31% stake in LSE, a number of seekers have emerged to cash the opportunity. In this league Singapore-based Temasek Holdings has approached NASDAQ for its $1.58bn worth stake in LSE.
Temasek have made the approach in...
Archive - August 2007
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It's not only America and Europe, who are battling with the subprime woes, but Asian markets are also affected by it.
It's so obvious that even single news also affects other markets dearly. Subprime dragon has already eaten up many markets and...
Bank of America has invested $2bn in Countrywide Financial Corp, to shore up the finances at the largest U.S. mortgage lender, which has hard hit by the subprime mortgage crises.
Under the terms of the deal, bank will buy 7.25% of non-voting...
What can be worse for an economy if its inflation increases at the pace of 2000% per month? I am not leaving you in a quandary, but Mugabe-led Zimbabwean economy is actually affected by the inflation, which has risen to 7,634.8%, the highest in the...
To control money supply and curb rising prices, the People's Bank of China has raised interest rate on bank deposits by 27 basis points to 3.6%, and the lending rates by 18 basis points, to 7.02% from 6.84%, fourth time this year.
On the basis...
Stocks steadily strengthened after the Federal Reserve's recent interest rate cut, but failed to meet with the anticipated promises. Market is continuously being hurt by the debt market - to alleviate the ongoing credit crunch and to calm the market...
Federal regulators filed civil fraud charges against Sentinel Management Group, accused of fraud and misappropriation of clients' assets, including using customers' securities to obtain a loan of up to a half-billion dollars.
The Securities and...
NASDAQ decided to sell its stake in London Stock Exchange after failing to buy it. US stock exchange has around 31% shares in the London Stock Exchange, which are worth £797m ($1.58bn).
Earlier, NASDAQ sought to buy it and proposed a bid. To make...
The Nikkei stock exchange showed signs of recovery after hurt by the US subprime mortgage. It rose 458.80 points, or 3%, to 15,732.48, which is the biggest one-day percentage gain in 13 months.
Market responded well as dollar got strength and...
The US subprime mortgage monster has already eaten up many markets. All major central banks have come up to protect their economies. Western economies seem to have somewhat left the darker period behind, but budding Asian economies seem tied in the...
The Bank of Japan is withdrawing $5bn funds it poured into the money market in the past two working days amid signs that the liquidity crunch may not be as bad as it was initially conceived, with the calm slowly returning to global financial...
Asian banks are taking initial step to avoid the market precariousness as the US subprime woes are continuously affecting major markets.
Being a highly developing region, Asia assumes to be less affected from the existing crises, but Asian...
China's monthly inflation has accelerated to the highest level in more than 10 years as increasing food prices are continuously hurting the economy and fueling the speculation of another interest rates hike.
In a monthly report, the National...
To curve the volatility, the European Central Bank has decided to monitor the conditions on the euro market as U.S. subprime mortgage losses continued to shake credit markets.
Earlier, ECB has pumped 94.8 billion euros ($130.2 billion) in cash...
Many are speculating that after west, it is time for Asia to lead the world. 21st century is allying with Asia and expecting it to be the next power region.
Development in major Asian regions has proved it correct. Countries like China, India,...
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