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Articles in category: Business, Economy & Finance
172 Articles (43 Pages, 4 Articles per Page)
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American Express became the latest financial group to convert to a bank holding company. The surprise move will give the credit card group permanent access to Federal Reserve funds and could facilitate consolidation in the sector.
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Mexico, the worldâ??s sixth biggest oil producer, hedged almost all of nextâ??s year oil exports at prices ranging from $70 to $100 through derivatives contracts, according to people familiar with the deal.
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AIG is to receive a revised $150bn US government bail-out package that will allow the troubled insurer to reduce interest payments and give it more time to sell assets and save itself from collapse.
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GMAC, General Motors' financing arm, on Wednesday said there was substantial doubt as to whether Residential Capital, its mortgage finance unit, would survive without outside support.
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