davehattan

Posted an entry on Shanghai Daily: Business
Overseas study upset by crisis
THE global credit crunch has caused investment banks to crumble, stock markets to plunge and South Korean parents to wonder if they can still afford to be the world's largest exporter of foreign students to US schools....
2008-11-16 00:26:44
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Posted an entry on Shanghai Daily: Business
Small-credit company starts by issuing loans
SHANGHAI'S first small-credit company was launched yesterday and started issuing loans as part of the city's moves to help small enterprises withstand the economic downturn. Shanghai Baoshan Baolian Small-Credit...
2008-11-16 00:26:44
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Posted an entry on Shanghai Daily: Business
US Senate to debate measure with US$25b in loans to auto industry
RUNNING Running out of time and scrambling for votes, supporters of a US$25 billion government bailout for the teetering US automotive industry offered yesterday to scale down the rescue package in the face of an uphill...
2008-11-15 10:40:56
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Posted an entry on Shanghai Daily: Business
Job cuts likely at Lehman in Tokyo
NOMURA Holdings Inc plans to cut jobs after taking over bankrupt Lehman Brothers Holdings Inc's operations in Asia, Europe and the Middle East last month, four people familiar with the matter told Bloomberg News yesterday. ...
2008-11-15 09:28:51
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Posted an entry on Shanghai Daily: Business
Oil falls 2 percent on economic weakness
OIL fell over 1 percent yesterday after news of a euro zone recession and data showing a record decline in US retail sales stirred concerns of a further drop in fuel demand. US crude settled down US$1.20 at US$57.04....
2008-11-15 09:27:06
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Posted an entry on Shanghai Daily: Business
Wall St sells off as consumers snap wallets shut
US stocks fell yesterday after a record drop in retail sales last month heightened fears that American consumers' reluctance to spend will push the economy into an even deeper downturn than currently expected. ...
2008-11-15 09:22:19
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