Archive for September, 2010

Ireland strains to bail out its banks

Ireland is paying a heavy price for the reckless mistakes of its banks. Up to €50bn (£43bn) to be precise, or one third of the country’s entire economy. View full post on UK Business Stories

Ottawa Removes Freeze On Employment Insurance Premiums

AHN News Staff Ottawa, Ontario, Canada (AHN) – The federal government of Canada will announce on Thursday that it will lift the freeze on Employment Insurance premiums. The freeze was part of the economic stimulus package offered by Ottawa to battle the recession. The lifting of the freeze was originally scheduled Jan. 1, 2010, but [...]

Stocks Slip But Benchmarks Post Best Monthly Gain In 71 Years

Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – Stocks ended September with a loss on Thursday but the three benchmarks had the strongest monthly gain since 1939. The Dow Jones Industrial Average lost 47 points or 0.4 percent to 10, 788 with American Express Co. as the biggest decliner. [...]

France Gives Ottawa List of Canadians Who Hold Secret Swiss Bank Accounts

French investigators have handed over to the Canada Revenue Agency the details of about 1,800 Swiss bank accounts owned by Canadians. The accounts are among those discovered by French authorities who investigated clients of the Hong Kong and Shanghai Banking Corporation (HSBC). View full post on Banking Stories

AIG planning to repay US taxpayer

Bailed-out insurer AIG plans to move ahead with the process of paying back US taxpayer cash. View full post on Business Stories

The Three Factor Model of the Stock Market: The Fama-French Three Factor model

Proponents of market efficiency divide risk into unsystematic and systematic. Unsystematic risk is not priced by everyone investing in the stock market. Here is an example to help you understand unsystematic risk.

China Pledges to Balance Trade as U.S. House Prepares Tariff Vote

Tom Ramstack – AHN News Correspondent Washington, D.C., United States (AHN) – The Chinese government announced Wednesday it would allow the value of its currency to rise one day before a vote in Congress on whether to penalize countries that undervalue their money. China will “further improve” its currency exchange rate and “increase the flexibility” [...]

PM, Sonia kick off Aadhaar; roll-out readied in seven states

The project has a target of issuing around 100 mn numbers by the end of this fiscal and 600 mn by 2014 View full post on Business Stories

Drugmakers Rouse Wall Street

Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – Profits from pharmaceutical firms beat a drop in consumer confidence and fueled a rally Tuesday that put Wall Street back into positive territory. The Dow Jones Industrial Average finished with a 46-point or 0.4 percent gain to close at 10,858 with [...]

Mexican Mayors Seek Refuge in U.S. After Another Assassination

Tom Ramstack – AHN News Correspondent Mexico City, Federal District, Mexico (AHN) – Another murder of a Mexican mayor on Monday is contributing to the security concerns of officials from towns near the U.S. border, who are now seeking refuge in the United States amid the ongoing drug war. The body of Gustavo Sanchez Cervantes, [...]