TOP 100 FINANCIAL SITES
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| Buffett offers to reinsure $800 bln in muni bonds NEW YORK (Reuters) - Billionaire investor Warren Buffett said on Tuesday that he had made an offer to three of the top bond insurers to reinsure $800 billion (408 billion pounds) in municipal debt, but one of the struggling companies has rebuffed the plan while the other two have not yet responded. feeds.reuters.com |
Credit-Default Swaps Hurt Swiss Re Swiss Re reported an 87% drop in fourth-quarter net profit, as losses linked to the meltdown of the U.S. subprime-mortgage market marred otherwise strong operational results. online.wsj.com |
Write-Down Hurts Discover Discover Financial's quarterly profit fell 65% amid a write-down of its soon-to-be-sold U.K. operations and a higher U.S. loan-loss provision. The credit-card company's shares sank. online.wsj.com |
China agrees to let banks buy U.S. stocks and mutual funds Banking and securities regulators from China and the U.S. are laying the groundwork to enable Chinese investors to buy and sell U.S. securities. feeds.marketwatch.com |
IMF: Bangladesh economy may slow down due to soaring food bill Bangladesh economy would slow down to 5.0-5.5 percent this fiscal (July 2007-June 2008) as a huge food import bill coupled with slide in export saw the country facing the "biggest" impact on its balance of payment, the International Monetar ... english.people.com.cn |