| You have searched for: investment |
| |
 |
|
The steep fall on Wall Street proved a strong gravitational pull on Australian stocks Thursday with the market losing most of recent gains.
The ASX 200 gave up 85 points, or 2.3 per cent, to 3,694.
"We had a good run on commodities over the last few days and we are reversing some of those gains," IG Markets dealer...
 |
|
|
Fears of a deepening recession struck Australian stocks Tuesday with the bellwether index down 3.5 per cent.
The ASX 200 gave up 129 points, or 3.5 per cent, to 3,523.
The resources sector was hit hard because of a further fall in commodity prices.
One bright spot was a 17-per-cent lift in the value of Macquarie Bank,...
|
|
|
Australian Prime Minister Kevin Rudd on Wednesday chided Wall Street investment banks for their "obscene failures" and promised to provide the world with a new set of rules for corporate governance.
"As a government and as a nation, we must respond to the twin evils which are at the root of this malaise - greed and...
|
|
|
Australia's securities regulator Friday joined its counterparts in the United States and Britain in curbing the short-selling of shares that has contributed to the tumult on stock markets.
The Australian Securities and Investments Commission (ASIC) ruled that from Monday a temporary ban on what's called naked short-selling would take...
|
|
|
More than 2 per cent was wiped off the value of Australian shares Thursday in response to a 4-per-cent fall on Wall Street.
The ASX 200 gave up 115 points, or 2.4 per cent, to close at 4,607.
A fourth day of losses was stemmed by bargain-hunting near the close that dragged the market up from an intraday low of 4,563.
Stocks are...
|
|
| |
 |
|
Dow Chemical Co, the largest US chemical maker, said Tuesday it plans to seek more than 2.5 billion dollars in damages from Kuwait for cancelling a joint venture just days before its launch.
A 17.4-billion-dollar deal between Kuwait's state-run Petrochemical Industries Co (PIC) and Dow fell through on December 28. The joint venture...
|
|
|
President-elect Barack Obama on Monday began work with congressional leaders to hammer out a stimulus package designed to jump start the ailing US economy.
Speaking with Speaker of the House Nancy Pelosi on Monday morning ahead of the closed door meeting, Obama stressed that it was important to get to work on the plan before he takes...
|
|
|
Former US President Bill Clinton and his wife, Senator Hillary Clinton, have been given the honour to push the button to drop the crystal ball ushering in the New Year at Times Square, news reports said Tuesday.
The traditional New Year's Eve celebrations at the landmark square will take place Thursday night under a forecast of very...
|
|
|
Investment bank Morgan Stanley on Wednesday reported sharp fourth-quarter losses and reductions in year-on-year income for the business year that ended November 30, continuing the fallout from the economic crisis.
The company reported that its income for the year came to 1.8 billion dollars, compared with 2.6 billion dollars the...
|
|
|
Investment bank Morgan Stanley on Wednesday reported sharp fourth-quarter losses and reductions in year-on-year income for the business year that ended November 30, continuing the fallout from the economic crisis.
The company reported that its income for the year came to 1.8 billion dollars, compared with 2.6 billion dollars the...
|
|
|
The brokerage of alleged Wall Street fraudster Bernard Madoff will be liquidated to help compensate his victims, officials said Monday.
A New York judge ruled in favour of a liquidation request by the Securities Investor Protection Corp (SIPC), a government-funded organization that protects brokerage clients.
Madoff, 70, a...
|
|
|
2008 is a year that most of the world's economies would like to forget.
The United States leads the pack, suffering from its worst financial crisis since the Great Depression and a year-long economic recession.
The troubles in the world's largest economy have taken the rest of the globe down with it - the International Monetary...
|
|
|
The crisis in world financial markets has its roots in declining home values in the US real-estate market which began in late 2006 and led to a wave of foreclosures and defaults on home loans.
The loans, many to borrowers with poor credit, were bundled into assets that began to weigh heavily on banks' balance sheets around the...
|
|
|
Troubled media giant Tribune Company is consulting with bankruptcy experts to consider its options in the face of 13 billion dollars in debt and plummeting advertising revenue, the Chicago-based firm said late Sunday.
In an article on the website of its flagship newspaper, the Chicago Tribune, a spokesman described an "uncertain...
|
|
|
The International Monetary Fund drastically cut its global economic forecasts on Thursday in the face of a growing credit crisis, predicting a recession in the United States and the world in 2009.
In an update of its World Economic Outlook from October, the IMF said global growth would slow to 2.2 per cent in 2009, down from the...
|
|
|
The US economy contracted by 0.3 per cent in the third quarter of 2008, the sharpest decline in seven years amid a global financial crisis that has blocked credit access and severely depressed consumer spending, the US government said Thursday.
The initial estimate by the Bureau of Economic Analysis puts the US on track for a...
|
|
|
The US economy contracted by 0.3 per cent in the third quarter of 2008, the sharpest decline in seven years amid a global financial crisis that has blocked credit access and severely depressed consumer spending, the US government said Thursday.
The initial estimate by the Bureau of Economic Analysis suggests the world's largest...
|
|
|
US President George W Bush called on Congress to pass "bold" legislation Monday to help pull the United States out of a massive financial crisis that would otherwise threaten the entire US economy.
The House of Representatives is expected to vote later Monday after lawmakers worked out the details of the 700-billion-dollar...
|
|
|
The fallout from the largest-ever US bank failure rippled through markets on Friday after federal regulators late Thursday shut down the country's largest savings and loan, Washington Mutual Inc (WaMu).
The firm's assets were immediately sold to banking giant JP Morgan Chase & Co for 1.9 billion dollars, creating the largest US...
|
|
|
It is a dramatic race against time - while Washington fights a battle over a mammoth rescue plan for the financial sector, the credit crisis is bringing down one US bank after another.
The latest victim was the country's once-leading savings bank, Washington Mutual Inc (WaMu). Federal regulators late Thursday shut down the...
|
|
|
Washington Mutual Inc (WaMu), the largest savings and loan association in the United States, has approached a number of private equity firms to gauge their interest in a takeover to shore up its financial position, the Wall Street Journal reported on Thursday.
The Seattle-based lender has lost more than 90 per cent of its share value...
|
|
|
The government's chief financial gurus plan to tackle growing public anger over the White House's mammoth bank bailout plan before Congress on Tuesday by painting a dire picture of economic collapse if lawmakers fail to act.
"The market turmoil we are experiencing today poses great risk to US taxpayers," Treasury Secretary...
|
|
|
The decision by Morgan Stanley and Goldman Sachs - the last two major US investment banks still on their feet - to become bank holding companies signals the end of high-wire finance on Wall Street.
After a year of turmoil in the financial industry that climaxed last week with bankruptcies and government takeovers, the two companies...
|
|
|
The United States on Friday unveiled part of a massive, comprehensive federal plan to help resolve the ongoing US financial crisis and prevent a rush of new bank failures in the coming weeks.
The US Treasury announced a 50-billion-dollar guarantee programme for the money-market mutual fund industry, the first in a series of moves that...
|
|
|
The largest US investment bank Goldman Sachs Group Inc on Tuesday announced that third-quarter profits dropped 70 per cent to 845 million dollars, but stressed the company was doing better than its competitors.
The earnings compare to a 2.9 billion dollar profit for the same quarter in 2007, the bank said in a statement from New York....
|
|
|
Nordic bourses dipped Tuesday, the day after US investment banker Lehman Brothers filed for bankruptcy protection, triggering a global decline on stock markets.
In Oslo, the OSEBX index was down 3 per cent in mid-morning trading, shares in oil companies decling as crude prices dropped.
The Stockholm bourse index was down roughly 1...
|
|
|
The embattled investment bank Lehman Brothers Holdings filed for bankruptcy Monday, hours after financial services firm Merrill Lynch & Co agreed to be sold to Bank of America Corp amid a broadening US credit crisis.
Negotiations throughout the weekend failed to produce a buyer for the venerable Lehman Brothers after the US...
|
|
|
The Irish Stock Exchange or IEX plummeted 7 per cent to 4,033.13 by noon Monday in reaction to the news that US investment bank Lehman Brothers intended to file for bankruptcy protection.
Banks suffered the heaviest losses, with Anglo Irish Bank Corp plc down 11 per cent to 4.48 euros, Allied Irish Banks plc down 9.7 per cent to 7.12...
|
|
|
Banking shares led a sharp decline on the Frankfurt stock exchange Monday, as European markets reacted with extreme nervousness to the bankruptcy of US bank Lehman Brothers.
Commerzbank fell most, declining 11.6 per cent to 15.47 euros, as the DAX index of the top 30 shares fell 4.1 per cent to 5980. During Monday's trading it hit a...
|
|
|
The United States economy grew at 3.3 per cent in the second quarter of 2008, the government said Thursday in revised figures that showed strong international trade had helped stave off a feared recession.
The gross domestic product (GDP) figure was revised upward from an earlier estimate of 1.9 per cent for the quarter, the Bureau of...
|
|
|
The candidate who was most likely to take the seat of
Representative Vito J. Fossella, Francis Powers, died on Sunday morning at his
home in Staten Island.
Family members said that Mr. Powers, aged 67, died in his sleep
of natural causes. He was a Board Member of the Metropolitan Transportation
Authority, which runs New...
|
|
|
 A U.S. Marine accused of raping a 14-year-old Japanese girl at a U.S. military base in the island of Okinawa was sentenced by the martial court to four years in prison on Friday, Reuters reports.38-year-old Tyrone Hadnott was arrested by Japanese police on suspicion of rape following the incident in February, when he was released after...
|
|
|
 The East Bay Municipal Utility District imposes water
rationing. The management program should preserve the system’s deteriorating
water supply.
Residents of a single-family homes throughout much of Alameda and Contra Costa
counties are required to immediately reduce water use by 19 percent; golf
courses face 30 percent cuts;...
|
|
|
 Veterans are not surprised to find that George W. Bush and
John McCain oppose Senator Jim Webb’s new G.I. Bill. G.I. Bill S22. The
Post-9/11 Veterans Educational Assistance Act, authored by Sen. Jim Webb, D-Va,
will increase founding for educational aid received by veterans, but it will
revise the allocation methods. The bill would...
|
|
|
 Former President Clinton and his wife, Senator Hillary Clinton earned nearly $109 million since 2000, when they left the White House. It appears that half of the money came from Bill Clinton’s speeches. The couple’s annual income climbed from $358,000 in 2000 to $16 million a year later, and in the years since 2001, the income never...
|
|
|
 Democratic presidential candidate Hillary Clinton proposed
on Monday several remedies to raise the U.S. economy and ease the housing
crisis.
The New York
senator recommended bigger protection for lenders and said she would propose
legislation in order to provide mortgage companies with security against the
threat of lawsuit...
|
|
|
 Tony Blair, Britain’s former Prime Minister, will teach at Yale University in the US. The British politician who served as Prime Minister of the United Kingdom from 2 May 1997 to 27 June 2007 will speak in front of Yale students in a seminar regarding issues like faith and globalization, areas in which he proved “outstanding leadership”...
|
|
|
 US President George W Bush, accompanied by his wife, Laura, will visit five African countries next month, the White House informed Friday.The Bushes will travel to Africa Feb. 15-21, visiting Benin, Tanzania, Rwanda, Ghana and Liberia, White House press secretary Dana Perino said Friday.The trip will give the president a chance to review...
|
|
|
 An energy bill that raises the fuel efficiency of vehicles on US roads
for the first time in 32 years passed the Senate on Thursday, after
backers bowed to White House pressure and dropped higher taxes on oil
and gas companies.
Also dropped were provisions that would force power companies to
buy some of their electricity from...
|
|
|
 President George W Bush urged US businesses to invest in Northern
Ireland during a historic visit to the White House by the leaders of
the self-governing British territory.
Bush hosted First Minister Ian Paisley and his deputy, Martin
McGuinness, the once bitter rivals who now share power in Northern
Ireland's government as part...
|
|
|
 US President George W Bush's economic policy adviser plans to resign at
the end of the year, the White House said Wednesday, the latest
departure from Bush's inner circle as he nears the end of his term.
Al Hubbard, a businessman and Bush family friend, has headed the
National Economic Council in the White House. He led...
|
|
| |
 |
|
South Korea enjoyed growth in foreign direct investment for the first time in four years, reported the country's economics ministry, citing programs to improve business conditions and attract foreign workers.
Compared to the previous year, South Korea saw 11.3 per cent growth, for a total of 11.7 billion dollars. Despite the global...
|
|
|
Taiwan's Chinese Petroleum Corp (CPC) and China's China National Offshore Oil Corp (CNOOC) signed pacts Friday on joint oil and gas drilling projects in Kenya and the Taiwan Strait.
The three agreements cover: the extension of an existing pact on joint drilling for oil and gas at the southern end of the Taiwan Strait; joint...
|
|
|
A new exhibition just opened by Lebanese artist Randa Ali Ahmed would, at first glance, seem to be a fitting testament to the end of the global economic boom: The bare cement walls of a bombed-out looking Beirut gallery adorned by acrylic-on- canvas depictions of suited businessmen in varying states of dejection and...
|
|
|
One of Iceland's most prominent financiers became the target - literally - of peoples' anger over the collapse of Iceland's banks Glitnir and Landsbanki when he was hit in the face with a snowball, the DV newspaper reported Thursday.
The paper said that prominent businessman and financier Jonsgeir Johannesson, 40, was emerging from a...
|
|
|
The Indonesian parliament on Tuesday passed a new law on coal and mining that is expected to pave the way of international mining companies to exploit its mineral resources.
The endorsement of the Bill on Minerals and Coal Mining ending three years of deliberation at parliament, sometimes exacerbated by quarreling among lawmakers,...
|
|
|
North Korea's urgent need to trigger economic growth and an Egyptian telecommunications firm's desire to establish a new outpost were key factors in opening restricted mobile telecom service in the secretive communist nation, analysts said Tuesday.
The Cairo-based Orascom Telecom Holding SAE signed a 25-year contract with the North...
|
|
|
French fashion house LVMH Moet Hennessy-Louis Vuitton SA has abandoned its plans to open a flagship store in Tokyo's ritzy Ginza district as the global financial crisis hits Japan's booming luxury market, a newspaper reported Tuesday.
Declining sales were cited as the reason for scrapping plans to open the Louis Vuitton store in...
|
|
|
The Islamic finance industry, which refers to the banking activity conducted in accordance with the principles of Sharia (Islamic law), gained the limelight over the past two months during the global financial turmoil as one of the relatively safe havens for investments.
Executives of Islamic banks and financial institutions have been...
|
|
|
On May 28, a currency analyst at Morgan Stanley released a report that hit Vietnam's financial community like a smack in the face.
With Vietnam's inflation and trade deficit soaring, the analyst wrote, its currency was under threat. Twelve-month futures on the Vietnam dong had "gapped" to 23,000 to the dollar, a 50 per cent...
|
|
|
India, once safely cocooned from the world economy, is struggling to maintain its rapid economic growth as a global recession spreads its tentacles.
But its carefully graded integration with the world economy may have cushioned India from the worst of the current global financial volatility, analysts and officials said.
After...
|
|
|
A raft of measures including permanent cuts in salary and corporate taxes and investment in infrastructure have been proposed by the International Monetary Fund as a way of stimulating demand in Hong Kong, the government said Tuesday.
"Well targeted infrastructure investments should boost the economy's potential by further...
|
|
|
Japanese electronics giant Sony Corp announced Tuesday plans to cut 8,000 jobs worldwide as a result of the global economic crisis.
The world's second-largest maker of consumer electronics hopes to save more than 100 billion yen (1.1 billion dollars) by the measure, which affects about 4 per cent of its 160,000-strong global...
|
|
|
The benchmark Hang Seng index surged 8.66 per cent Monday to its highest level in seven weeks amid investor confidence of stimulus moves by China and the United States.
Turnover topped 63.87 billion Hong Kong dollars (8.19 billion dollars), following Friday's turnover of 37.3 billion Hong Kong dollars.
Among the biggest gainers was...
|
|
|
Asian stockmarkets surged Monday on renewed optimism related to large-scale economic stimulus plans by the United States and China.
Japan's benchmark Nikkei 225 Stock Average closed up 411.54 points, or 5.2 per cent, to 8,329.05, the biggest gain in almost two weeks, carrying over Friday's positive sentiment on Wall Street.
...
|
|
|
China and the United States vowed Thursday to cooperate in dealing with the global financial crisis, as the US pressured China to reform its currency and China urged the US to stabilize its economy.
At the fifth Strategic Economic Dialogue (SED), China reacted to pressure by US Treasury Secretary Henry Paulson to let its yuan rise...
|
|
|
Bangladesh's interim government has set an ambitious target of meeting 10 per cent of its total electricity production from renewable sources by 2020, media reports said Thursday. To encourage setting up green energy plants, the government has also offered tax holidays for investors in the next five years.
"Investment in...
|
|
|
Independent firms have been commissioned to assess the value of Carnegie Investment Bank AB recently taken over by the Swedish state, officials said Friday.
Bo Lundgren, head of the Swedish National Debt Office that took over the bank last week, said the two entities that make up Carnegie were to be sold separately but said it was...
|
|
|
Arab stock markets continued their downward journey this week, with financial analysts on Friday citing unjustified "panic and psychological pressures" from the turmoil on global markets.
According to a report by the Kuwait-based Global International Investments House released Friday, the stocks of the oil-rich six member...
|
|
|
India and Turkey were expected to discuss energy cooperation and consolidating trade and political ties during the five-day visit starting this week of Turkish Prime Minister Recep Tayyip Erdogan to the South Asian country, officials said Thursday.
Erdogan, due to arrive in New Delhi late Thursday, was scheduled to hold talks...
|
|
|
Lebanese Prime Minister Fouad Seniora stressed at a conference in Beirut Thursday that security and stability are the key to healthy financial growth in the country.
The Friends of Lebanon for Investment and Finance conference, which was attended by 500 participants from 15 Arab and international institutions, was set to address the...
|
|
|
Egypt and India have decided to rekindle old ties in tune with contemporary realities, Prime Minister Manmohan Singh said Tuesday after delegation-level talks with visiting President Hosni Mubarak.
The two countries agreed to establish a strategic dialogue at the foreign ministry level. Six agreements on issues ranging from trade to...
|
|
|
Suzuki Motors Corp bought back its 3.02-per-cent stake from the US auto giant General Motors Crop (GM), the Japanese automaker said Tuesday.
The purchase of all the 16,413,000 shares came to about 22.37 billion yen (230.7 million dollars), Suzuki said.
Suzuki now owns about 20 per cent of its own outstanding shares, while GM lost...
|
|
|
Taiwan said Tuesday it will issue purchase vouchers to boost spending and pull the retail sector out of recession.
Premier Liu Chao-shiuan said that the government plans to allocate 82 billion Taiwan dollars (2.48 billion US dollars) to issue purchase vouchers to every citizen.
Each voucher is worth 3,600 Taiwan dollars (109 US...
|
|
|
Egyptian President Hosny Mubarak, who is on a four-day state visit to India to strengthen strategic and economic ties, was scheduled to hold talks Tuesday with Indian Prime Minister Manmohan Singh.
Singh and Mubarak, who was visiting India for the first time in 25 years, were expected to discuss enhancing economic ties as well as...
|
|
|
Arab stock markets suffered heavy losses this week as gloom engulfed the region amid fears of a global recession.
Thursday's suspension of trading on the Kuwait stock exchange appeared to send a negative message to other markets in the region, financial analysts said Friday.
"I believe the halting of trading in Kuwait by a...
|
|
|
Prime Minister Manmohan Singh said Thursday that India's message to the G20 nations would be that every effort must be made to ensure that the global financial crisis had minimum impact on developing countries.
Singh, who is scheduled to join leaders of the world's top 20 economies to discuss the crisis at a summit in Washington on...
|
|
|
Prime Minister Manmohan Singh said Thursday that India's message to the G20 nations would be that every effort must be made to ensure that the global financial crisis had minimum impact on developing countries.
Singh, who is scheduled to join leaders of the world's top 20 economies to discuss the crisis at a summit in Washington on...
|
|
|
India's inflation rate fell sharply to 8.98 per cent for the week ended November 1 from 10.72 per cent the previous week, raising hopes of further rate cuts by the Reserve Bank of India as industry figures indicated a slowing down of the economy.
The annualized inflation rate, which is linked to India's wholesale price index, had...
|
|
|
Japan's current account surplus shrank for the seventh-straight month in September, slipping 48.8 per cent to 1.5 trillion yen (15.17 billion dollars) as higher energy prices boosted imports, the Finance Ministry said Tuesday.
Exports in September increased 2.1 per cent from the same month a year earlier to 7 trillion yen, and...
|
|
|
Analysts on Monday welcomed China's announcement of a major package of measures to stimulate domestic demand but warned that economic growth was still likely to slow next year.
"While these measures cover a wide range of areas, the clear focus is government-financed or mandated investment and construction," Hong...
|
|
|
Investment bank Goldman Sachs lowered India's economic growth forecast for the financial year 2008-2009 to 6.7 per cent from an earlier 7.5 per cent on account of the global financial crisis in a report released Monday.
Goldman Sachs said the global crisis over the past several weeks had a larger than expected impact on the financial...
|
|
|
The Ruler of the Gulf Arab Emirate of Dubai urged the new US government in a speech on Friday to focus on fixing its economy rather than wars.
"The financial crisis cannot be solved by going to war," said Sheikh Mohamed bin Rashid al-Maktoum in a the World Economic Forum in Dubai. "We advise the US administration to...
|
|
|
Iraq received on Thursday Washington's reply on the security agreement that will regulate the future of US forces in Iraq, an Iraqi government spokesperson said.
Ali al-Dabbagh said Iraqi political blocs have plenty of time to decide on the amendments made by the American side.
The Status of Forces Agreement (SOFA) will govern the...
|
|
|
The Central Bank of Bahrain (CBB) has instructed Ithmaar Bank to postpone the hugely anticipated initial public offering (IPO) of real-estate developer Naseej, it has emerged on Tuesday.
The decision by the CBB, citing current market conditions as the reason behind its assessment, comes just over two weeks before the planned 18...
|
|
|
Microsoft Corp plans to invest 60 million dollars in South Korea's software industry over the next three years, chief executive Steve Ballmer told President Lee Myung Bak Monday during a visit to the Asian country.
The world's largest software maker wants to concentrate its investment on advancing software developers and new...
|
|
|
Most Arab stock markets rebounded in the last two days of the week curtailing losses they incurred earlier.
But analysts said Friday regional bourses would remain "cautious" pending developments on world markets after the US Fed's decision to slash interest rates by 50 basis points.
"I believe Arab stock markets will...
|
|
|
Sumitomo Mitsui Financial Group Inc on Wednesday said it expects full-year profits to fall by more than 60 per cent due to the global financial crisis.
Sumitomo Mitsui, one of Japan's three mega banks, expects its net profit to fall 62.5 per cent to 180 billion yen (1.9 billion dollars) for the fiscal year through March, compared...
|
|
|
Axa New Zealand Ltd said Tuesday that it had frozen three managed mortgage funds worth a total of 225 million New Zealand dollars (121.5 million US dollars) to head off a feared run of withdrawals from 5,000 investors.
Ralph Stewart, chief executive of the insurance and investment management firm, said withdrawals from the Mortgage...
|
|
|
The international financial crisis is unlikely to lead to a significant fall-off in foreign aid and investment in Mozambique because it is well-governed, a senior US diplomat told a press conference in the capital Maputo Monday.
Todd Chapman, business affairs officer at the US Embassy in Maputo said Mozambique stood to receive...
|
|
|
German Chancellor Angela Merkel on Thursday said her country wanted to cooperate with China as a key part of efforts to resolve the global financial crisis.
"Cooperation with China is of utmost importance" for Germany, Merkel told reporters after talks on the financial crisis with Chinese Premier Wen Jiabao.
...
|
|
|
Singapore Petroleum Company Limited and Eni International B V, equal joint venture partners in ItalSing Petroleum Company Pte Ltd, Wednesday sold a combined 55 per cent stake in ItalSing to Nippon Oil (Asia) Pte Ltd of Japan.
SPC and ENI will each continue to hold 22.5 per cent in ItalSing Petroleum, SPC said in a statement.
Nippon...
|
|
|
The central Reserve Bank of India (RBI) Monday lowered its key short-term lending rate (repo) to commercial banks, a move that will spur consumption and help growth amid the global economic slowdown.
"In order to alleviate the pressure and in particular to maintain financial stability, the RBI has decided to reduce the repo rate...
|
|
|
With the global credit crisis leading to the worst slowdown in the Indian real estate market in recent times, agents and developers are hoping the festive season surrounding Diwali, the Hindu festival of lights, will drive away the gloom.
Coming at the end of October, Diwali will prove a crucial period for developers as many...
|
|
|
Taiwan's property market, hit hard in the last few months by the global downturn and a drastic domestic stock plunge, is likely to enter a recession from next year, property dealers and analysts said.
"Beginning next year, the property market here is likely to see obvious slowdown, which could last two to four years,"...
|
|
|
| Amid the global financial crisis Qatar Investment Authority announced Monday that it is buying between 10 and 20 per cent of the capital of Qatar's native banks listed on the stock market, reported the Qatar-based al-Jazeera TV channel.
The decision came to enhance confidence in the Qatari | | | |
