The US housing market is falling quickly. And figures from a leading retailer show sales are following suit. Worse, a major take-over deal is threatening to collapse.
US: subprime lending's big bite in the bum
With Countrwide filing papers with the SEC saying that a quarter of its subprime lending is now bad or doubtful, there is only one conclusion to draw: the US housing market is going to slide, and with it the economy. The big question is how wide...
US: Subprime crisis deepens
"We're outta here," says Lehmans - and several other companies in a day when the walls were papered with bad news.
US: more startling news on US property market
New figures suggest a near vertical climb for US property repossessions.
US: property prices in dramatic decline
Property owners in California may be wishing they were in the path of Hurricane Dean, for there is a worse storm coming their way, say some worrying figures.
As the Fed boosts global markets by saying it will stand behind banks and anyone else that's in trouble (actually, that's not what it said, it's...
US: another blow for sub-prime backed funds
Asset Backed Securities - trumpeted by Fed Chief Greenberg in 2005 as providing stability in the markets - are at the heart of the sub prime cris...
HK: Public Company chairman jailed for corruption
The former chairman of a listed company formerly known as Semtech International Holdings Limited (Semtech) was yesterday sentenced, in his absenc...
Warrant issued for Thaksin's arrest
When former Thai Prime Minister Thaksin and his wife failed to appear in a Bangkok court to face charges of corruption, the Judge decided he was...
Hedge funds: Goldmans stumps up the cash
Goldman Sachs is the latest financial institution to pump money into a hedge fund teetering on the brink as a result of the US sub prime crisis....
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