Main Bank of China Is in Need of Capital
China?s central bank is in a bind, after snapping up roughly $1 trillion worth of Treasury bonds and mortgage-backed debt issued by Fannie Mae and Freddie Mac over the last seven years.
U.S. Stocks Off; Europe and Asia Down Sharply
Wall Street declined further in early trading after a worse-than-expected unemployment report. Earlier, markets in Europe and Asia slid, following the Dow?s steep fall the previous day.
Two Banks in Europe Stand Pat on Rates
Both the European Central Bank and the Bank of England kept their key interest rates unchanged Thursday amid concerns of high inflation and a slowing economy.
Russia?s Oligarchs May Face a Georgian Chill
Some policy makers are starting to suggest that the best way to influence the Kremlin would be to put more pressure on the Russian business community in Europe.
British Companies Emigrating Over Taxes
In the past week, three British companies have announced plans to move abroad before the end of the year, unhappy about a lack of clarity about tax rules and eager to cut their tax bill.
Two Brokers Accused of Securities Fraud
Two former brokers at Credit Suisse have been indicted on fraud and conspiracy charges in connection with the sale of auction-rate securities, federal prosecutors said.
Coke Bids for Chinese Juice Giant
The Coca-Cola Company said it had made a bid to acquire one of China?s largest juice makers for about $2.5 billion.
Siemens Accused of Posting a Rival?s Secrets
Rival software maker Dassault Systèmes accused Siemens of posting confidential business data about Dassault clients on Siemens?s intranet.
Europe Weighs Caps on Roaming Fees for Text Messages
The price control would substantially cut the roaming fees that individuals are charged to send text messages and limits that could reduce the cost of surfing the Internet.
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