22 Mar 2005 02:25 PM

The Federal Open Market Committee raised its prime interest rate by 25 basis points to 2.75% Tuesday. The vote was unanimous. The Fed signaled it was growing worried about inflation. Th

21 Mar 2005 08:55 PM

Frankfurt prosecutors and Germany’s financial regulator are to meet in order to define whether six Citigroup Inc. traders should be charged with market manipulation concerning controversial bond trades known as "Dr. Evil." The

21 Mar 2005 08:07 PM

The chairman of China Construction Bank, China’s biggest property lender, has unexpectedly retired under a raising concern on his possible involvement in corruption, people familiar with the matter said. People

21 Mar 2005 05:31 PM

China will allow banks to demand bigger down payments and charge higher rates on mortgages, aiming at curbing a booming sector in the economy. Commercial banks in some cities would be enabled to demand downpayments of 30%, compared with the previous

21 Mar 2005 01:07 PM

Japan’s Ministry of Finance may place Calyon Securities, a unit of France’s biggest bank, in a list of 26 dealers that bid for government bonds under a plan to ensure demand, according to Bloomberg. Japan, which has the most debts than any other country in the world, started selling bonds through a network of

21 Mar 2005 08:41 AM

New rate hikes are widely expected in the US amid the Federal Reserve meeting on Tuesday. The US interest rate may be raised to 2.75%, Greenspan and other Fed officials hinted. The

21 Mar 2005 05:47 AM

HSBC HOLDINGS TO SELL ITS AUSTRALIAN ASSET MANAGEMENT COMPANY TO CHALLENGER FINANCIAL SERVICES FOR $17.4 MILLION.

19 Mar 2005 03:48 AM

Citigroup Inc. reported its top officials, including Chairman Sanford I. Weill, Chief Executive Charles Prince and President and Chief Operating Officer Robert B. Willumstad, received a smaller payment in 2004 compared with the previous year. Nevertheless

17 Mar 2005 12:12 PM

The 30-year fixed-rate mortgage rose to 5.95% from last week’s 5.85% in the week ending March 17, according to the Freddie Mac.

17 Mar 2005 08:38 AM

On Wednesday, the US President George W. Bush nominated the new head for the World Bank. Paul Wolfowitz will work in line with Bush’s “nationalist foreign policy,” some experts say. "We are seeing the Bush administration extending its nationalist foreign policy to these key international organizations

16 Mar 2005 04:56 PM

The Bank of Japan showed the most optimistic in 9 months assessment for the nation’s economy. Japan’s economy was lifted by fixed investment and household spending. Japan’s

16 Mar 2005 01:37 PM

Wen Jiabao, China’s premier, on Monday replied to countries pressing for a revaluation of the renminbi saying that they underrated the effect it would produce on Chinese companies and the global economy. At the close of the National People’s Congress, Mr Wen introduced conditions that needed to be met before China

16 Mar 2005 10:38 AM

Bear Stearns Cos. reported today that its fiscal first quarter rose to a record level due to a strong global-clearing business and revenues from fixed income business. Profit

15 Mar 2005 05:43 PM

Fannie Mae, recovering from an accounting scandal, is bringing down compensation for its executives but still offering them big stock rewards. Responding to pressure from critics and regulators, the provider of funding for home mortgages said awards of restricted

15 Mar 2005 04:51 PM

UBS is calling on the Chinese government to promote the country’s troubled equity markets by increasing the amount foreigners can invest in domestic equities and bonds. The Swiss banking company, which is already the biggest broker of Chinese securities for foreign investors, has