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Mutuals are no longer as safe as houses Britiain's building societies face up to the prospect of losing capital as a result of changed credit status and must adjust to the new reality. TelegraphSBI cuts deposit rates by 25 bps Taking benefit of the abundant liquidity, State Bank of India, the countrys largest bank, has reduced the interest rate on domestic term deposits by 25 basis points across maturities. There is lot of liquidity, while credit off-take remains subdued. This has provided us the opportunity to revise deposit rates, a top SBI executive said. Business StandardSreelatha Menon: Sirsa`s carbon farmers A forest conservator in Haryana gets villagers to grow tress and earn money by selling carbon credits in the international market. Business StandardBuffett says Wells Fargo to ride out credit crisis OMAHA, Nebraska (Reuters) - Warren Buffett on Saturday expressed strong support for Wells Fargo & Co, one of the largest equity holdings of his Berkshire Hathaway Inc, saying it is a 'fabulous' bank that is well-positioned to ride out the financial crisis. ReutersSix Senses Hideaway creats an offer for GCC residents With the credit crunch affecting people?s holiday budgets, Six Senses Hideaway Zighy Bay has decided to extend its special offer of 2 for 1 stays at the resort due to popular demand from GCC residents. AMEBuffett: Berkshire may lose money on some derivatives OMAHA, Nebraska (Reuters) - Warren Buffett on Saturday said he believes the Berkshire Hathaway Inc derivatives contracts tied to equity stock indexes will probably make money, but those tied to the credit quality of junk bonds may end up in the red. ReutersBerkshire may lose money on some derivatives OMAHA, Nebraska (Reuters) - Warren Buffett on Saturday said he believes the Berkshire Hathaway derivatives contracts tied to equity stock indexes will probably make money, but those tied to the credit... BBCCan Home Insurance Protect You From Beauty Blunders? The credit crunch has had some unusual effects on home insurance - and now there has been a rise in the amount of damage caused by beauty products and gadgets as people turn to DIY treatments to save some cash. Research from Sheila's Wheels shows that the credit crunch has prompted around a third of Brits to increase the amount of time they spend on personal grooming at home rather than heading to salons and beauticians. Indeed around one in five admitted to spending more than three hours a week pampering themselves at home. E-ZineSeveral states succeed in advancing buyers their $8,000 tax credits - Arlington Heights Daily Herald WASHINGTON - For the housing market, it's the equivalent of financial alchemy, and it's hot: Turning the $8,000 federal home-purchase tax credit, which normally isn't spendable until after you've gott... Big News NetworkWeak pound helps ease manufacturing gloom The pound has fallen by about a quarter compared with other big currencies since the credit crisis began, helping to boost the competitiveness of British goods abroad FT |
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