Posts Tagged ‘Update1’

Lloyds Loss Misses Estimates as HBOS Bad Loans Rise (Update1)

Lloyds Loss Misses Estimates as HBOS Bad Loans Rise (Update1)
Lloyds’s pretax loss narrowed to 6.3 billion pounds ($9.6 billion) from 6.7 billion pounds in 2008, the London-based bank said in a statement today. That missed the 6.1 billion-pound median loss estimated by 22 analysts surveyed by Bloomberg. Lloyds fell in London trading.

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U.K. House Prices Drop for First Time in 10 Months (Update1)

U.K. House Prices Drop for First Time in 10 Months (Update1)
Feb. 26 (Bloomberg) — U.K. house prices fell in February for the first time in 10 months as winter weather and higher taxes on transactions deterred buyers, Nationwide Building Society said.

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Banks Face Tighter Capital Rules Under EU Overhaul (Update1)

Banks Face Tighter Capital Rules Under EU Overhaul (Update1)
Feb. 26 (Bloomberg) — Banks may have to put aside more money to guard against risks arising from credit derivatives and also face limits to the amount of debt they can hold relative to assets under proposals to overhaul capital requirements in the European Union.

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Hong Kong Growth Quickens Amid Property Bubble Risk (Update1)

Hong Kong Growth Quickens Amid Property Bubble Risk (Update1)
Feb. 24 (Bloomberg) — Hong Kong’s economic growth beat estimates in the fourth quarter and Financial Secretary John Tsang forecast an expansion of as much as 5 percent this year as he moved to counter the risk of a property bubble.

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Bernanke Likely to Face Questions on Jobless Recovery (Update1)

Bernanke Likely to Face Questions on Jobless Recovery (Update1)
Feb. 24 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke , in two days of congressional testimony beginning today, will probably face questions on how he plans to end the worst jobs slump since the Great Depression.

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Hong Kong Raises Tax on Luxury Homes to Cool Market (Update1)

Hong Kong Raises Tax on Luxury Homes to Cool Market (Update1)
Feb. 24 (Bloomberg) — The Hong Kong government increased the transaction tax on homes selling for more than HK$20 million ($2.6 million) in an attempt to cool the property market.

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Flaherty Tightens Mortgage Rules Amid Bubble Talk (Update1)

Flaherty Tightens Mortgage Rules Amid Bubble Talk (Update1)
Feb. 16 (Bloomberg) — Canada’s Finance Minister Jim Flaherty today tightened rules in the country’s mortgage industry to ensure homebuyers can afford their purchases when interest rates rise.

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Buffett’s ‘Dangerous Business’ Grips Bond Insurers (Update1)

Buffett’s ‘Dangerous Business’ Grips Bond Insurers (Update1)
Feb. 19 (Bloomberg) — Forewarned bankruptcies linked to infrastructure projects from Las Vegas to Harrisburg, Pennsylvania, may prove Warren Buffett ’s conclusion that insuring municipal bonds is a “dangerous business.”

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Societe Generale Falls After Writedowns, Dividend Cut (Update1)

Societe Generale Falls After Writedowns, Dividend Cut (Update1)
Feb. 18 (Bloomberg) — Societe Generale SA , France’s second-largest bank by market value, fell as much as 6.2 percent in Paris trading after writedowns tied to risky assets weighed on fourth-quarter profit and the company cut its dividend.

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Senate Republicans Said to Draft Financial Overhaul (Update1)

Senate Republicans Said to Draft Financial Overhaul (Update1)
Feb. 17 (Bloomberg) — Senate Republicans led by Richard Shelby are drafting an alternative to financial-regulation legislation that Senator Christopher Dodd is developing after bipartisan talks collapsed this month, two Shelby aides said.

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