business / Finance
Chinatrust reportedly offers $2.4 billion for AIG's Nan Shan LifeChinatrust Financial Holding Co. (2891.TW) has offered $2.4 billion for American International Group Inc.'s (AIG) Taiwan unit Nan Shan Life, Reuters reported on its Web site Saturday, citing a source with direct knowledge of the situation.
Market Watch Monday, September 07, 2009Kuwait to maintain Merrill, Citi investmentsThe Kuwait Investment Authority (KIA), the country's sovereign wealth fund, said it has no plans to sell its investments in Merrill Lynch or Citigroup in the short term, Reuters has reported, citing daily al-Rai. KIA has received criticism from some parliamentarians for investing $5bn in the two financial services companies. KIA's investment in Citigroup amounts to some $2.39bn to November 30, 2008, and about $984m in Merrill Lynch to December 1, 2008. <BR> [AMEInfo.com]
AME Monday, September 07, 2009The Dreaded IRS Notice in the MailWhat a week. It was long and stressful and you tried to get that project done. Thank God Friday is here! You head home looking forward to a relaxing weekend. You park and grab the mail from the box. Bill. Bill. Junk mail. Netflix movie...letter from the IRS. Oh, no.
E-Zine Monday, September 07, 2009UAE economy to grow 3% this year, says officialSheikha Lubna Al Qasimi, the UAE Minister of Foreign Trade, said the country's economy is on pace to grow 3% by the end of the year, with the recovery propelled by the private sector, The National has reported. The forecast comes after comments from Sultan al Mansouri, the Minister of Economy, who said the country?s economy would start to grow again by the fourth quarter of this year. <BR> <BR> [AMEInfo.com]
AME Monday, September 07, 2009AXA shares rebound in RiyadhThe Saudi Arabian Tasi Index closed 0.42% higher at 5,691.56 points. Shares of AXA Cooperative Insurance posted the largest gain, soaring 9.88% at SR35.60. AXA made its debut with a 267% jump at the Saudi market on July 27, closing at SR67.00. Since then the insurance operator performed weakly but with today's surge investors hope to see the initial price of SR46.40 again soon. SABB Takaful, on the other hand, changed sides today and plummeted 9.90% lower to SR43.70. KSA's insurance stocks gave been constantly outperforming the market, but were also trading in a very volatile way. [AMEInfo.com]
AME Monday, September 07, 2009Abu Dhabi gains on real estatesThe Abu Dhabi Securities Exchange (ADX) gained 0.77%, closing at 2,956.03 points, mostly lifted by the real estate sector (gaining 2.57%). <BR>Financial bellwether National Bank of Abu Dhabi (NBAD) advanced to Dhs13.90 (up 1.09%). The UAE's second largest lender plans to issue more bonds after it raised $850m through bonds last week, EFG Hermes cites Trade Arabia. Oman Emirates Investment Holding posted the largest loss (down 9.79% to Dhs1.75). [AMEInfo.com]
AME Monday, September 07, 2009Doha market ends at 7,111 pointsThe Qatar Exchange's DSM20-Index added 0.53%. While banks were demanded today, industry shares mostly underperformed in Doha. Doha Bank consolidated after hitting an eighth-month high last week, closing 2.05% higher at QR45. Commercial Bank of Qatar (CBQ) followed with a profit of 3.25% (finishing at QR78.00). United Development Company (UDC) dipped 0.56% lower (at QR39.00) on profit booking. Some 7.1m shares changed hands in Doha. [AMEInfo.com]
AME Monday, September 07, 2009Flurry of IPOs predictedTHE $3 billion IPO planned by Myer and the $160 million carsales.com.au float will be the trigger for a flurry of IPOs over the coming months, experts say.
The Australian Monday, September 07, 2009NAB buy-up lifts SuncorpNAB has emerged as one of Suncorp Metway's largest shareholders, creating a momentary market frenzy over the possibility of a long-awaited raid.
The Australian Monday, September 07, 2009Spike in $A rings alarm bellsAN 8 per cent spike in the Australian dollar over the past two months has caused concern, with experts warning the consequences will be far-reaching.
The Australian Monday, September 07, 2009
Archived finance news stories.
Available news archives.