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Finance news headlines: Thursday 4 December 2008

 

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American Express CEO: high earners cut spending

Credit card giant's boss says discretionary spending has dropped substantially.  4 Dec 2008 7:30AM  More

Keeping a lid on the yuan

The steadily appreciating Chinese currency is likely to be arrested by officials who view a weaker yuan as the key to preventing civil unrest.  4 Dec 2008 6:32AM  More

Eight is enough

While 'eight' might be the new 'six-and-a-half' for bank tier-one capital, this new conservative figure does not mean quite the same thing to every bank.  4 Dec 2008 6:30AM  More

Babcock & Brown wins extra $150 million in borrowings from bankers

Banking syndicate support extra borrowings for struggling investment bank to enable restructuring, asset sales.  4 Dec 2008 6:23AM  More

Prudential unit to bid for AIG Japan units

Sources say Gibraltar Life Insurance to bid for AIG Edison, AIG Star.  3 Dec 2008 8:14PM  More

Goldman, M.Stanley, Bain to buy into China film firm

US investment funds, private equity giant to invest $US30 million in Poly Bona.  3 Dec 2008 8:04PM  More

SouthKorea steps up crisis fight, c.banks to cut rates

Bank eyes further support measures for financial markets.  3 Dec 2008 6:35PM  More

Qld bans banks' mortgage fire sales

Bligh says loan defaulters often left with no equity.  3 Dec 2008 6:12PM  More

Goldman in talks to fund large pharma firm

Report US bank to provide millions to drugmaker AstraZeneca.  3 Dec 2008 5:55PM  More

Swan wants bank answers on rate cuts

Federal treasurer to hold talks with banks about passing on rate cuts to credit card users.  3 Dec 2008 5:12PM  More

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