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- Recession threat slows home sales, ReMax says (CTV Toronto)
Lower consumer confidence and a slumping economy will pull down the average price of a house in Canada by about five per cent by the end of 2009, according to a new report.
- Corporate report (The Sarasota Herald-Tribune)
General Electric Co. -- The diversified industrial, finance and media conglomerate said it expects 2009 to be a difficult year for GE Capital, which provides a wide range of commercial and consumer loans and has been battered by the global economic downturn.
- Corporate Debt Protection Costs Climb Amid Depression Concern (Bloomberg)
Dec. 3 (Bloomberg) -- The cost of protecting corporate debt from default jumped to a record in Europe and neared a high in the U.S. amid concern that the global recession will sink into a depression.
- Pakistan’s richest man expands bank empire (Business Times (Malaysia))
ON a September evening when many of Pakistan’s 165 million people were breaking their fast during the Muslim holy month of Ramadan, billionaire Mian Mohammad Mansha, the country’s richest man, was deciding whether to buy an Indonesian bank.
- Evraz, other firms turn to Russia for help (The Oregonian)
More Moscow companies are seeking Russian-government loans to stay afloat after Evraz Group, owner of the former Oregon Steel Mills Inc., borrowed $1.8 billion last week. Evraz received loans to refinance its foreign debts, stemming from almost $8 billion in...
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