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GM financier granted bank status US financier GMAC will become a bank holding company, allowing it to access government money and continue financing car loans for General Motors. News.comSatyam demands World Bank apology Two days after a representative of the World Bank came out in the open and accused Satyam of indulging in malpractices like bribery and hacking of sensitive data, the software firm has asked the World Bank to tender an apology for 'certain inappropriate statements made by World Bank representatives,' against it. The Financial ExpressIsrael Stocks: Market higher; Elbit gets a Turkish air force pact Israeli stocks rose on Thursday, led up by two of the country's major banks, the real-estate developer Africa-Israel Investments and Israel Chemicals and held back by declines in the drugmakers. Market WatchHomebuyer Looks For Deals In Short Sales With home values plummeting and credit harder to come by, one homebuyer in Los Angeles is taking advantage of lower real estate prices by bidding on short sales — when the proceeds from a sale fall short of the mortgage balance. Banks are struggling to keep up with the influx of short sales. NPRWorld Bank rejects Satyam`s demand for an apology The World Bank has rejected Satyam's demand to withdraw a statement by which the organisation imposed an 8-year ban on any business with the IT major. The Times Of IndiaFed Approves GMAC Request to Become a Bank The change in status makes the company eligible for bailout money and emergency loans directly from the Federal Reserve. TelegraphInterest Rate Roundup Here are the latest interest rates and commentary on five common consumer banking products from Bankrate.com's weekly national survey of large banks and thrifts. Bank RateFed approves GMAC bank request in boost for GM (AFP) The US Federal Reserve has approved a request by GMAC, the troubled financial arm of General Motors, to become a bank holding company, allowing it to tap government bailout funds and emergency loans. yahoo.comBank of Japan Gets Aggressive, Vehicle Production Sees Record Drop (Daily FX) The Bank of Japan is looking past interest rates at aggressive new measures to boost companies? access to credit according to the minutes from November?s policy meeting. Japanese vehicle production fell 20% in the year to November, the most in at least 10 years. yahoo.comSenior official: Renminbi likely to be used as currency for forex ... - Xinhua USA TodaySenior official: Renminbi likely to be used as currency for forex ...Xinhua, China - 1 hour ago25 (Xinhua) -- China's currency, Renminbi, is likely to join other international currencies to be used for forex reserves by other economies, according to ...Video: Asian Markets Slide on Concerns AssociatedPressChina to begin yuan-settlement trials China DailyHK dollar hovers at upper limit, eyes c. bank Reuters IndiaForbesall 1,121 news articles Info 50001 2 |
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