| World Bank appoints Chinese economist as vice president World Bank President Robert B. Zoellick Monday announced the appointment of Justin Lin as the new chief economist and senior vice president for development economics at the World Bank. Source: Xinhua ... english.people.com.cn |
New-Home Sales at 1995 Lows New-home sales took their third tumble in a row during January, sinking to the lowest point since early 1995. Meanwhile, luxury builder Toll posted a quarterly loss as sales sank. Its CEO said "ceaseless talk of a recession" is hurting demand. online.wsj.com |
C.Agricole Has Until May to Buy 30 Pct of Bankinter MADRID (Reuters) - Credit Agricole said on Fridayit had until May 31 to raise its stake in Bankinter above 25 percent. feeds.reuters.com |
UPDATE 2-Fannie Mae tightens rules for mortgages NEW YORK, April 2 (Reuters) - Fannie Mae has toldlenders that it will require a minimum credit score for theloans it buys, tightening mortgage standards to protect itselffrom record foreclosures sweeping the country. feeds.reuters.com |
Novartis Posts 6.8% Rise in Net Novartis reported a higher-than-expected 6.8% increase in first-quarter net profit, driven by brisk sales of its profitable flagship brands Diovan and Gleevec. online.wsj.com |