US investigators are focusing their attention on three employees at AIG Inc & #39;s financial products unit, according to a report in The Wall Street Journal.
April 29, 2009
US consumer confidence up, & #39;bottom & #39; seen
US consumers turned considerably more confident in April, with more seeing a bottom taking shape in the recession-stricken economy, the Conference Board said.
Swine flu to weigh on share market
A leading analyst expects the Australian share market will continue to be driven down over the next few weeks by the swine flu outbreak.
Poland ‘determined’ to adopt euro despite crisis: PM
WARSAW (AFP) – Poland’s Prime Minister Donald Tusk said Tuesday his government was determined to push ahead with its goal to adopt the EU’s common euro currency in 2012 despite the global financial crisis.
Deutsche Bank economist warns of more banking problems
FRANKFURT (AFP) – The chief economist of Germany’s largest bank warned Tuesday of more trouble for the global banking sector, even as his own institution posted surprisingly strong first quarter results.
Dollar closes lower on US worries
THE dollar closed lower after a report that suggested two major US banks would need further injections of capital caused investors to sell off the currency to below 70 US cents.
Banks weigh down share market
THE share market closed marginally lower, weighed down by banking stocks but gains were seen in the agribusiness and healthcare sectors.
BP profits slide 62pc as crude price falls
BRITISH oil major BP has reported a 62 per cent slide in first-quarter net profits to $US2.387 billion dollars ($3.4 billion), as the price of crude tumbled.
Honda earnings slump 77pc
HONDA, Japan’s second-largest automaker, announced a net loss of Â¥186.1 billion ($2.7 billion) for the fiscal fourth quarter due to weak sales.
Deutsche Bank posts $2.2bn profit
THE biggest German bank, Deutsche Bank, posted strong first quarter results, the latest major bank in Europe and North America to offer hope for an eventual end to the financial crisis.