THE Australian sharemarket rose yesterday, with the financial sector accounting for much of the strength, after eurozone finance ministers approved a new agreement on Cyprus and the so-called troika of international lenders. The benchmark ...
Tags: economy
China-based large-size solar firm Suntech Power Holdings announced that on March 18, 2013, a group of eight China-based banks filed a petition for insolvency and restructuring of its China subsidiary Wuxi Suntech Power Holdings (Wuxi ...
Tags: solar firm, solar, Suntech
Suntech Power Holdings, a China-based solar firm, has announced that it has received from the trustee of its 3% convertible notes a notice of default and acceleration relating to Suntech's non-payment of the principal amount of US$541 ...
Tags: solar firm, solar, Suntech
The Australian dollar fell after the Cypriot parliament failed to pass a bank deposit tax that was a condition of a bailout for the island nation. At 6.30am AEDT the local unit was trading at 103.63 US cents, down from 103.80 cents at ...
Tags: Australian dollar, US cents, European Union
The sharemarket fell yesterday as banks came under pressure when data showed home-loan approvals fell, and a strategy update from National Australia Bank failed to impress investors. The benchmark S&P/ASX 200 closed down 0.5 per cent at ...
Tags: sharemarket, data, home-loan approvals
American International Group (AIG) has set up a new business unit, known as Connective Mortgage Advisory, with an aim to identify and purchase residential mortgages for investments. Leveraging AIG's investment expertise and the experience ...
Tags: AIG, loan-servicing component, insurer
Skeptical consumers, take heed: If you receive a notice that your personal data has been breached, pay attention and take free self-help steps to protect yourself from identity fraud. Data-breach notifications have become an increasingly ...
Tags: Data-breach, identity fraud, security
HIGH POINT — You spend money on promoting your store, work hard to get customers in the door, and succeed in selling them a nice living room set. But they need to finance the purchase and your primary lender turns them down. Their ...
Tags: living room set, Retailers, company news
The specialist for measurement and automation engineering is in fine fettle in its 60th year: the family-owned company has just welcomed its 10,000th employee. In the last year alone, over 500 jobs were created worldwide. A global ...
Tags: Endress+Hauser, 60th Anniversary, measurement, automation engineering
Optical component, module and subsystem maker Oclaro of San Jose, CA, USA has announced financial results for its fiscal second-quarter 2013 (ended 29 December 2012), which includes the first full quarter of operating results from Opnext ...
Tags: Optical component, interleaver product, communication market
"We're probably seeing three times the volume of applications compared with this time last year," said Adrian Hanley, head of equity lending at NAB. "We have had a significant lift in new client activity in the fourth quarter of 2012." ...
Tags: Margin Lending, Stocks, Australia
Genworth US Mortgage Insurance (USMI) has launched a new set of rules, Simply Underwrite (SM), which enables lenders to provide simplified and expanded national mortgage underwriting guidelines. Apart from offering one expanded national ...
Free from the bright lights of Wall Street, Dell's decision to go private is likely to lead to the company downplaying if not entirely eliminating consumer products in favor of building out its enterprise product portfolio, analysts said. ...
February 1, 2013 -- Canada Credit Fix, Canada’s leading credit restoration and debt settlement specialists, has recently offered its services to the Canadian government in response to a recent loss of student loans data. The loss of ...
Tags: Canada Credit, Loan Victims, Service
Pressure is mounting on the banks to pass on to customers savings from the thawing in wholesale funding markets, with retailers and mortgage brokers seizing on revelations the banks are raising money at the cheapest rates in years. Ahead ...
Tags: rate cuts, funding markets, debt markets