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Twitter Weekly Updates for 2009-02-07
McColl: lay off Sir Fred - Sunday Herald http://tinyurl.com/bccxhg #Fate of UBS hangs on tax evasion case - guardian.co.uk http://tinyurl.com/bqgsjw #Property News: WEEKEND COLUMNISTS Harry Eyres - Financial Times http://tinyurl.com/armeut #Property News: Can EU citizens have UK mortgages? - Financial Times http://tinyurl.com/cb6e6j #Rock Bottom for Decades, but Showing Signs of Life - New York Times [...]This Post is from: Overseas Property Mall, part of Fuzz One Media GroupTwitter Weekly Updates for 2009-02-07
Oversees Property

Ambuja Cements` net dips 25% in CY08
Ambuja Cements, part of the Swiss cement giant Holcim, has posted a decline of 24.72 per cent in its consolidated net profit for the financial year ended December 2008 to Rs 1,389.71 crore compared with Rs 1,846.11 crore in the corresponding previous quarter. Its consolidated net sales during the year stood at Rs 6,261.79 crore as against Rs 5,718.60 crore last financial year, up 9.5 per cent.
Business Standard

Symonds loses $1m in Storm collapse
EXILED Australian cricketer Andrew Symonds lost at least $1 million dollars in the collapse of Storm Financial last month.
News

British investor sues Belgian bank for ‘churning and fabrication’
A millionaire British investor is suing KBC, one of Belgium’s biggest banks, for tens of millions of pounds, amid claims of commission churning, account fabrication and a cover up at one of th...
Big News Network

Treasury to approve insurers for TARP funds: sources
WASHINGTON (Reuters) - Insurance companies that applied for capital injections from the government's $700 billion financial bailout fund could get approval as soon as Monday, two sources familiar with the matter said on Saturday.
Reuters

Niall Ferguson: Face reality: Keynes can`t save us now - Twincities.com: Opinion
It began as a subprime surprise, became a credit crunch and then a global financial crisis. At last week's World Economic Forum in Davos, Switzerland, Russia and China blamed America, everyone blamed the bankers and the bankers blamed you and me. From where I sat, the majority of the attendees were stuck in the Great Repression: deeply anxious but fundamentally in denial about the nature and magnitude of the problem.
NewsRack

America`s New Rescuer: Japan - Washington Post: Op-Eds
Here's a disillusioning thought: Solving the financial crisis may be beyond the capacity of government finances. The likely $3 trillion price tag, give or take, of both saving the banks and stimulating the economy is causing interest rates to inch up. U.S. Treasury long-term rates have already risen from 2.1 percent just before Christmas to nearly 3 percent.
NewsRack

WNBA Stalwart, Lisa Leslie, To Retire
The WNBA will lose one of its star players after the summer season. The Los Angeles Sparks Center Lisa Leslie announced her retirement this past week. She talks about scoring the league's first slam dunk and voices concern about financial cutbacks and the trimming of team rosters.
NPR

Zurich Financial 4Q net profit drops 87 percent
ZURICH : Zurich Financial Services Group on Thursday reported an 87 percent fall in fourth-quarter net profits, blaming losses and writedowns on investments amid the global financial turmoil.
topix.net

How to really fix the banks
The Obama administration is about to face its first significant financial test.
CNN

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