07 Apr 2005 08:46 AM

Bank of Japan’s board opposed the decision to keep the world’s second-biggest economy’s monetary policy unchanged. The voting appeared not unanimous as it used to be since January 2004.

06 Apr 2005 07:41 PM

Mortgage appplications decreased 4.4% to 644.5 in the week ended April 1, according to the Mortgage Bankers Association (MBA). The MBA’s seasonally adjusted index of refinancing applications fell 3.1% to 1798.8.The MBA’s purchase index fell 5.3% to 446.0. Adjustable

06 Apr 2005 09:27 AM

The battle around Morgan Stanley became much more acute as the Group of Eight slated former President Robert G. Scott to replace the current Chief Executive Philip Purcell.

06 Apr 2005 09:18 AM

Bank of Japan’s economic outlook remains optimistic despite some worrying signs from the business confidence indicators, according to the bank’s top official Toshihiko Fukui.

05 Apr 2005 06:24 PM

Goldman, Sachs & Company said it is committed to keeping its headquarters in Manhattan rejecting the plan of Freedom Tower preferred by city and state officials. "We are committed to keeping our headquarters in Manhattan," said Peter Rose, a spokesman for Goldman Sachs

05 Apr 2005 10:48 AM

The successor to the US Federal Reserve longtime chairman Alan Greenspan has not been picked yet, said Bush’s top advisor Karl Rove.

05 Apr 2005 07:37 AM

Morgan Stanley, the second-biggest securities firm on the globe, will probably try to sell its credit-card unit on the demand from its board to fire the company’s Chairman and CEO Philip Purcell.

05 Apr 2005 06:43 AM

Barclays Plc, the U.K.’s third-largest lender, and South African bid target Absa said on Monday that they are about to discuss an offer for a margin stake. The analysts report that the Pretoria government is likely to agree.

04 Apr 2005 05:17 PM

Wall Street’s biggest real estate investors, Morgan Stanley and Goldman Sachs Group Inc. are among global companies investing more than $7 billion into Japan since property prices are recovering from a 15-year slide. Morgan

04 Apr 2005 11:41 AM

Bank of China is stuck in the new costly lending scandal amounting to $78 million amid the overseas initial public offering plan that is to be realized as soon as this year.

04 Apr 2005 08:23 AM

The UK hiring is expected to boost in the next three month, a survey by the Confederation of British Industry showed. The UK banks, fund managers and securities trade firms are the most optimistic about the hike, the survey shows.

02 Apr 2005 10:57 AM

Despite US pressure to use the exchange rate to make Chinese exports less competitive, China will not revalue its currency to adjust bilateral trade imbalances, Zhou Xiaochuan, governor of the People’s Bank of China, announced on Tuesday. Mr

02 Apr 2005 03:53 AM

Japan’s Mizuho Bank, facing serious system problems since its launch in 2002, annonced on Wednesday the loss of confidential account data on 270,000 customers. The retail banking unit of Japan’s biggest lender, Mizuho Financial Group, said data including customers’ names

01 Apr 2005 10:06 AM

The mortgage rates are still relatively low, but some people may have unpleasant surprises in the mail, as their mortgage payments can quite unexpectedly go up with no apparent reason. The matter is, you need to be extra-careful with the status of the property you buy. Buyers hire the title company and

01 Apr 2005 10:04 AM

A group of brokers at Smith Barney, Citigroup’s brokerage unit, flies a lawsuit in U.S. District Court in San Francisco incriminating the firm with gender discrimination. One current and three former California employees of Smith Barney accuse the company of systematically passing over its female employees when assigning