Plans from Wells Fargo & Co and Citigroup to repay taxpayer funds will put the US government on track to reduce its bailout investments in banks by more than 75 percent, while earning a healthy profit for the US, Treasury Secretary Timothy Geithner said on Monday. “With the recent announcements on repayments, we are now…
Malaysia’s government will offer “credible” cuts in its emissions of carbon dioxide at the Copenhagen climate change summit in a bid to halt global warming, Prime Minister Najib Razak told Reuters on Sunday. Najib will be among more than 110 world leaders who will meet in Copenhagen next week to attend a summit to try…
Many people scrimp and save to put money in a “college fund” for their children. With tuition running as much as $40,000 per year at some private universities, it has become essential to save a significant portion of your monthly earnings to appropriate later for college.But let’s assume that you have saved nothing and only…
Studies have shown that only 60% of Americans have sufficient systems in place to derive enough income to retire – and even then, not very well. People spend decades scrimping and saving, and have very little to show for it. Let’s be honest, at 2% return levels — which is what safe investments are paying…
The Labour government’s plan to halve the budget deficit over four years will soothe market concerns about Britain’s debt burden, finance minister Alistair Darling told reporters in an interview on Thursday. Government bond futures fell sharply, however, a day after Darling delivered a pre-budget report that shied away from detailing exactly how he plans to…
An International Monetary Fund team will visit Dubai in coming weeks to look closer at the economic impact of the Dubai World debt crisis and actions needed to resolve it, a senior IMF official said on Monday. In an interview with reporters, IMF Director for the Middle East and Central Asia Masood Ahmed said the…
Bolivia’s President Evo Morales wants to launch state-run paper and cement ventures and develop lithium, petrochemical and iron projects in his second term but a lack of foreign investment and know-how could hamper his ambitious plans. Leftist Morales won 63 percent of the vote in an election on Sunday to run the energy-rich but economically…
OPEC is expected to hold output steady when it meets in Luanda at the end of this month, rounding off a year of stable production policy and of robust oil prices. Oil inventories are brimming and any recovery in demand is expected to be slow, but international benchmark U.S. crude futures have more than doubled…
Lamborghini expects to post a roughly 35 percent slide in 2009 sales as the global economic downturn slams the brakes on spending from even the super-rich, with growth likely to pick up again only in 2011. Next year will remain challenging for the maker of supercars graced by a charging bull logo, a unit of…
Finding the right mobile home park broker for the purchase or sale of a mobile home park will increase your chances of obtaining the best sale price and terms. An active park specialist will have current and intimate knowledge of the wide range of issues and negotiations that arise through the due diligence process. This…
