01 Oct 2004 11:01 AM

China gave way to the Bush administration demand to make its currency flexible as the latter won on Friday a commitment from China to move its currency to a market-based one.

01 Oct 2004 10:27 AM

Graham Copley, HSBC research head in New York, said he will continue developing company’s new approach towards the researches within the outlook at stocks, bonds and economic issues affecting industry sectors rather than a certain company.

01 Oct 2004 09:19 AM

Citigroup CEO Charles O. Prince said he wants to focus on values talking with employees and customers as his second year governing has opened.

01 Oct 2004 07:41 AM

Fannie Mae, the U.S. biggest government-ruled mortgage lender, faces formal investigation conducted by the U.S. Justice Department of possible accounting fraud.

30 Sep 2004 09:48 AM

Newbridge Capital, the private equity firm, may lose the purchase of the controlling stake in Japan Takefuji as its imprisoned founder Yasuo Takei refused to give up his shares.

30 Sep 2004 08:37 AM

Fannie Mae, the U.S. biggest government-ruled mortgage lender, faces formal investigation conducted by the U.S. Justice Department of possible accounting fraud. The Justice Department launched a probe as Fannie Mae is suspected of manipulating of its books to meet earning

29 Sep 2004 07:42 AM

Fannie Mae, the U.S. largest government-ruled mortgage lender, sees the continuation of the investigation on possible accounting violations and possible next week’s testimony of its former employee at a Congressional hearing.

28 Sep 2004 10:57 AM

Credit Suisse First Boston wants to invest more into Asia market stressing upon the private equity, high-yield debt and securitisation markets.

28 Sep 2004 10:36 AM

On Monday, Sallie Krawcheck was appointed Citigroup’s CFO and the head of strategy, and Todd Thomson became the head of Citigroup private client brokerage and equity research arm Smith Barney. In tight times for market players when stock prices boost Ms Krawcheck appointment appears to be a bridge between

28 Sep 2004 10:12 AM

On Monday, Fannie Mae, the U.S. largest government-ruled mortgage organisation, agreed to meet regulator’s demand and restate its results as well as modify its accounting practices and lift capital reserve to 30% above the required minimum. This

28 Sep 2004 09:13 AM

Last week, Wells Fargo & Co. and Goldman Sachs Group Inc. were the first in selling bonds having the total of $21.7 billion of bonds sold in the U.S.

28 Sep 2004 08:35 AM

Rising interest rates can lead to increasing costs of debt services, analysts say. This also can cause the increasing of net interest paid annually to investors, they add. In the 2004 budget year ending September 30, net interest paid by the federal government on its debt lifted, for the first

28 Sep 2004 05:25 AM

Rising interest rates can lead to increasing costs of debt services, analysts say. This also can cause the increasing of net interest paid annually to investors, they add. In the 2004 budget year ending September 30, net interest paid by the federal government on its debt lifted, for the

27 Sep 2004 08:47 AM

Fannie Mae’s regulatory capital may fall below the requirements of federal minimum, specialists say. That can cause new investments or its assets to be sold, they add. The Office of Federal Housing Enterprise Oversight (OFHEO), Fannie

23 Sep 2004 10:32 AM

Citigroup’s Japan private bank Citibank was banned from participating in Japan bond auction as the bank can be a bad indicator for country’s reputation.