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Last updated: 20:09:38 Saturday Nov 14, 2009


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  • American Express spending volume up, boosts stock
    NEW YORK (Reuters) - American Express Co (AXP.N) said credit card spending increased in October from September in another sign that the worst of the financial crisis may have passed for the largest U.S. credit-card company, sending its shares up 1.5 percent to a 14-month high.   Source:(Reuters)   2009-11-10

    Concern over capitalism on Berlin Wall anniversary
    LONDON (AFP) - Dissatisfaction with capitalism is widespread around the globe 20 years after the fall of the Berlin Wall that heralded the demise of European communism, a poll released Monday showed.   Nations:Brazil France Germany Ukraine Pakistan Mexico   Activities:Global Financial Crisis   Source:(AFP)   2009-11-09

    Big California bank fails, has China branches
    WASHINGTON (Reuters) - United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were acquired by East West Bancorp Inc, also active in both nations.   Nations:China U.S. Hong Kong   Activities:Global Financial Crisis   Source:(Reuters)   2009-11-09

    Fannie Mae tax credit decision could cost $5.2 bln
    WASHINGTON - Fannie Mae said Monday it may have to ask the government for more financial assistance because the company cannot sell $5.2 billion in tax credits.   Source:(AP)   2009-11-09

    IMF warns G20 off cutting economic support too fast
    ST ANDREWS, Scotland (Reuters) - The International Monetary Fund warned global financial leaders on Friday not to repeat the mistakes of the Great Depression and choke off emergency support for their economies too quickly.   Nations:Denmark   Activities:Global Financial Crisis   2009-11-06

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