Word: monday
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...Asia, though, is waking up to the risks to its growth, and the focus in some governments appears to be shifting from fighting inflation to bolstering economies. In an attempt to stimulate growth and stabilize markets, the People's Bank of China on Monday lowered its key interest rate by 27 basis points to 7.2% - the first cut since 2002. The central bank also reduced reserve requirements for some Chinese banks, a step that could increase lending. Goldman Sachs economist Hong Liang commented that the moves "clearly signaled the central bank's intention to support growth" and "could provide some...
...your money, not theirs. When Lehman Bros. filed for bankruptcy on Monday, it was careful to spell out that its investment management division - including Neuberger Berman and Lehman Brothers Asset Management - were not subject to the parent company's bankruptcy filing. Fully paid securities of customers of Neuberger Berman are not subject to the claims of creditors...
...official: Lehman Brothers filed the largest bankruptcy case in history on Monday, Sept. 15, as the storied investment bank fell prey to the credit crisis. According to Bankruptcydata.com, Lehman's assets before filing for bankruptcy were six to seven times the pre-filing assets of the second largest bankruptcy since...
Britain's Prince William announced on Monday that he will train with the Royal Air Force (RAF) to be a full-time search and rescue pilot. His surprise career choice prolongs a relationship with the military that has periodically come under strain through a series of controversies surrounding the privileged role William and his younger brother Harry have in Britain's armed services...
...Some governments, though, are becoming more worried about declining growth than inflation. In an attempt to stimulate the economy and stabilize markets, the People's Bank of China on Monday lowered its key interest rate by 27 basis points to 7.2% - the first cut since 2002. The central bank also reduced reserve requirements for some Chinese banks, a step that could increase lending. Goldman Sachs economist Hong Liang commented that the moves "clearly signaled the central bank's intention to support growth" and "could provide some badly needed boost to investors' confidence." After a dark day on Wall Street...