US dollar and yen both fell against the euro Monday as China raised interest rates as part of its prudent monetary policy. According to the report, US dollar fell from last week’s $1.3122 to $1.3164 per euro in London, while the yen traded from 108.77 to 108.33 per euro. Against the Japanese currency, the dollar [...]
The Federal Office of Thrift Supervision stated that the savings and loans of the United States had total net revenue of $1.77 billion in the third quarter. The federal office also said that the net revenue was up by 4.3 percent from the $1.24 billion of the last year’s same quarter. Moreover, it was the [...]
The central bank of Ireland requested for lenders to overcapitalize beyond the latest prospect that was agreed by the EU and the IMF to protect further losses. In addition, the central bank has increased its aim for core Tier 1 capital ratio, which measures the financial strength, to 12 percent, up from eight percent, bit [...]
General Motors announced Friday that the banks had exercised their right to buy an additional shares amounting to $3.02 billion. Greg Martin, the company’s spokesperson, confirmed on Friday that the banks have bought an additional 71.7 million common shares and 13 million preferred shares, amounting to $2.37 billion and $650 million, respectively. Martin said that [...]
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