By Mike Caggeso Staff writer Most of us know Sony Corp. (SNE) as Japan's electronics and videogame juggernaut. But its upcoming IPO will add another public dimension — insurance and financial services juggernaut. Yesterday (Tuesday), the Tokyo Stock Exchange approved the application for the listing of the common shares of Sony Financial Holdings. Sony Corp. […]
Archives for September 2007
September 2007 - Page 12 of 12 - Money Morning - Only the News You Can Profit From
Slovakia economy grows 9.4%
From Staff Reports Higher wages and growing exports powered the Slovakia economy to a second-quarter growth rate of 9.4%, the government’s statistical office reported. Among the key factors: Industrial production rose 15.9%. Wages rose 6.7%. The number of unemployed workers fell 18.5%. Bloomberg News reports that newly built plants by automakers PSA Peugeot Citroen and […]
Beijing's Finance Minister Resigns
From Staff Reports China's finance minister resigned Thursday, the day after President Hu Jintao criticized finance officials over a lack of integrity, the Reuters news agency reported last week. The precise motivation for Jin's replacement remains unknown, but several Chinese sources have suggested that a sex scandal was his undoing. According to published reports, the […]
Germany Shows Slight Improvement in Unemployment
From Staff Reports Germany’s seasonally adjusted unemployment rate held steady at 9%, according to The Associated Press. The total number of unemployed individuals was 3.705 million in August, fewer than July’s 3.715 million, but more than the 3.687 million unemployed in the month of June. Adjusted for seasonal changes the number of people out of […]
Fed Chief Keeps His Options Open
During a widely anticipated speech in Jackson Hole, Wyoming, last Friday, U.S. Federal Reserve Chairman Ben S. Bernanke acknowledged the ongoing problems in both the housing and asset-backed-commercial-paper (ABCP) markets – as well as quickly spreading global credit crunch. But Bernanke didn’t rush to signal there would be a cut in the benchmark Fed Funds […]
Taiwan's Asustek Plans $200-$300 ‘Developing Markets' Notebook PC
From Staff Reports Taiwan-based Asustek Computer, a leading PC maker, will launch its much-awaited cheap computer this month, a laptop computer designed for the developing economies. Developed in partnership with U.S. chip giant Intel Corp. (INTC), the laptop has a seven-inch screen that will come in two versions: One that will sell for about $199 […]