Economists estimate that when Japan reports its December quarter GDP on Feb 15, it will show that the economy probably grew at the fastest pace since the first quarter of 2008, up 3.6%, as a
Kenya approves credit bureau; drought in Mexico and Pakistan
August 27, 2009
Bloomberg News reported that Kenya’s central bank approved “in principle” the country’s first credit-bureau, giving lenders better access to clients’ credit histories. Regulations now allow credit bureaus to collect individuals’ payment information from banks, wat Read more...
Senator Edward "Ted" Kennedy died
August 26, 2009
A top news item in the markets today, as you can well imagine, is the death of Massachusetts Senator Edward “Ted” Kennedy. Bloomberg News said, “This is likely to set off an intense battle for a Senate seat that has been held for almost 55 of the past 57 years by a member of the Ke Read more...
Positive news for housing prices, first time in 3 years
August 25, 2009
Today, the financial markets got a reasonably positive batch of news. Beginning with the housing section, for the first time in three years, the Case Shiller Home Price Index in the US rose quarter to quarter, 2.9 percent. In addition, we had the Conference Board’s index of consumer co Read more...
Bloomberg News reported that Kenya’s central bank approved “in principle” the country’s first credit-bureau, giving lenders better access to clients’ credit histories. Regulations now allow credit bureaus to collect individuals’ payment information from banks, wat