Car production surges in South Korea
According to the Korea Automobile Manufacturers Association (KAMA), South Korea’s share of the global car market grew to an all-time high of 5.7% in 2009.
The KAMA said South Korea produced a total of 3.513 million vehicles last year - 5.7% of the 61.295 million total worldwide.
As a result, the country retained its ranking as the [...]
[ Published on :
Wed, 24 Feb 2010 11:16 ]
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Equity One reports jump in profit during 4Q
(AP)
AP - Shopping center owner Equity One Inc. said Thursday it posted a 71 percent increase in fourth-quarter funds from operations, reporting higher revenue and an income tax benefit.
[ Published on :
Fri, 05 Mar 2010 09:28 ]
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Zara owners profits rise on strong Asia sales
(AFP)
 AFP - Spains Inditex, Europes biggest clothing retailer and the company behind Zara, posted Wednesday a rise in profit as strong sales abroad, especially in Asia, offset sluggish domestic demand.
[ Published on :
Thu, 18 Mar 2010 09:56 ]
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US consumer borrowing rises for first time in a year
The Federal Reserve has announced borrowing by American consumers grew for the first time in a year in January.
According to the central bank, consumer credit rose 2.4% or $5 billion (£3.3 billion) compared with the previous month to a total of $2.45 trillion.
It was the first increase after a record 11 months of declines [...]
[ Published on :
Mon, 08 Mar 2010 10:33 ]
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Bank of America warrants sale raises $1.54 billion
(AP)
AP - The Treasury Department has received a record $1.54 billion from the sale of warrants it received from Bank of America as part of the support it provided during the financial crisis.
[ Published on :
Thu, 04 Mar 2010 04:51 ]
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New mortgage lending falls away
The British Bankers’ Association (BBA) has reported that mortgage lending in January was “relatively weak”, as adverse weather conditions and an inflated December market impacted on house sales.
Last month, BBA members approved 35,000 loans to home buyers, down from 46,000 in December but up 37.8% on a year earlier.
Remortgaging approvals stood at 20,252, compared with [...]
[ Published on :
Wed, 24 Feb 2010 11:16 ]
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Swedbank recruits senior restructuring expert to lead the Groups FRandR work
In order to further strengthen Swedbank´s Financial Restructuring and Recovery work, Arne Berggren, with broad Swedish and international experience of reconstruction of banks and problem loans, has been recruited. Arne Berggren will be responsible for Swedbank´s total FRandR-work.
[ Published on :
Wed, 24 Feb 2010 11:16 ]
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Rise in house purchase mortgage deals
Home buyers with a zero to 40% deposit currently have 1,798 mortgage deals to choose from, according to Moneyfacts.co.uk.
Researchers at the financial website have registered a 6% rise in the number of home loans on offer in the past month, taking the total up 68% year-on-year.
While those with 5% or less to put down continue [...]
[ Published on :
Tue, 09 Mar 2010 09:19 ]
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Phillips-Van Heusen to buy Tommy Hilfiger for $3B
(AP)
AP - Phillips-Van Heusen says it will buy privately held Tommy Hilfiger in a cash-and-stock deal valued at about $3 billion, creating one of the worlds biggest clothing companies.
[ Published on :
Mon, 15 Mar 2010 13:53 ]
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Record numbers seek debt advice
Record numbers of consumers are turning to the Citizens Advice Bureaux for help with financial problems.
The charity said that since the start of the recession it has helped over 3.25 million people with 11 million money problems, including problems with debt, benefits, employment, and housing.
New figures released by the CAB in England and Wales show [...]
[ Published on :
Thu, 25 Feb 2010 11:37 ]
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Car sales up 26.4% in February
The Society of Motor Manufacturers and Traders (SMMT) has today announced UK car sales were up by 26.4% in February compared with the same month in 2009, boosted by the Government’s scrappage scheme.
The £400 million initiative, which was launched last May to boost the ailing car industry, pays drivers of cars at least 10 years [...]
[ Published on :
Thu, 04 Mar 2010 04:51 ]
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