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Monthly Archive September, 2008

Sentiment firm before latest turmoil, housing weak

September 30, 2008

Consumer confidence was holding up well this month before the latest bout of financial turmoil but house prices suffered another record annual drop during […]

economics - Comments closed

Automaker harvests paint-shop emissions

The car you drive doesn’t just emit carbon dioxide from its tailpipe. The energy required to manufacture that vehicle’s parts, assemble them and transport the […]

marketing - Comments closed

Banks expect slowdown in loans, mortgages

September 25, 2008

Canadians were given another reality check today about how the global financial crisis would hit their wallets as bank executives predicted a slowdown in consumer […]

marketing - Comments closed

Mitsubishi to buy 20 per cent of Morgan Stanley

September 23, 2008

NEW YORK–Mitsubishi UFJ Financial Group Inc (MUFG), Japan's largest bank, said Monday it planned to acquire as much as 20 per cent of U.S. […]

legal - Comments closed

TD, UBS, Westpac Say Bollard Will Cut N.Z. Rate to 7%

September 22, 2008

New Zealand's central bank will cut its benchmark interest rate by half a percentage point to 7 percent next month to counter the credit […]

marketing - Comments closed

Bush plan could cost taxpayers billions

September 20, 2008

WASHINGTON–The Bush administration sketched out a multi-faceted effort yesterday to confront the worst U.S. financial crisis in decades, outlining a program that could cost […]

economics - Comments closed

U.S. bailout to cost

WASHINGTON–U.S. Treasury Secretary Henry Paulson says the bold action needed to take troubled assets off the books of financial organizations will cost hundreds of […]

money - Comments closed

Judge OKs Lehman-Barclays deal

September 19, 2008

A bankruptcy judge on Wednesday gave Lehman Brothers initial approval to sell key North American businesses to Barclays for $1.7 billion in cash.
The approval […]

marketing, money - Comments closed

TSX hits bear territory

September 18, 2008

Toronto’s premier stock index closed in bear market territory and at a two-year low yesterday as investors punished financial stocks amid concerns that Canadian insurers […]

term - Comments closed

U.S. announces $85B loan to save insurer AIG

September 17, 2008

WASHINGTON–In a bid to save financial markets and economy from further turmoil, the U.S. government agreed today to provide an US$85-billion emergency loan to […]

management - Comments closed