Business and Finance news
January 28, 2008
Japan has probably fallen into recession, ending the nation's longest period of growth in more than 60 years, according to Goldman Sachs Group Inc.
Factory production will fall from a fourth-quarter peak, while consumer spending and the construction industry are slowing, Tetsufumi Yamakawa, Goldman's chief Japan economist, wrote today in a report.
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January 25, 2008
Billionaire Wilbur Ross is in serious talks to take over Ambac Financial Group Inc (ABK.N: Quote, Profile, Research), according to a media report, but broader efforts to rescue the sector will take some time, a New York state regulator said on Thursday.
Wilbur Ross said in December he was looking at investments in bond insurers. […]
marketing, technology - Comments closed
January 8, 2008
Housebuilders’ woes were compounded today as ABN Amro downgraded Persimmon and Taylor Wimpey to ‘sell’ from ‘hold’ amid what it sees as continued poor conditions for the housing sector.
Cutting its EPS estimates for the sector by 19% in 2008 and 30% in 2009, ABN retained a ‘cautious’ view saying there still appeared to be downside […]
banks, business, finance, mortgage, news, uk - Comments closed