Fed Holds Rates
At its most recent meeting, the Fed voted to hold rates steady at 2%. Only one week ago, 90% of investors (based on interest rate futures) had expected the Fed to lower rates. What changed? In the words of one… (more…)
Indian Rupee at 14-Month Low
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The Indian Rupee has fallen to a 14-month low as a result of the sagging Indian stock market and surging inflation. Foreign investors have withdrawn $5.7 Billion from the Indian stock market in the first half of 2008, reinforcing the… (more…)
HBOS cash call gets approval
Shareholders in HBOS have approved the lender’s plan for a rights issue, it has been announced. (more…)
Pension reform plans announced
Plans to improve options for Britons who have contracted out of the State Second Pension have been unveiled by the government. (more…)