Fannie mae to sell $3.5 bln in bills on Wednesday
Research ), the largest U.S. home funding company, said on Friday it plans to sell $2.0 billion of three-month benchmark bills due Aug. 27, 2008, and $1.5 billion of six-month bills due Nov. 26, 20...
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Freddie Mac to sell $7 billion in bills next week
The bills will be sold over the Internet in a Dutch auction. In such uniform price auctions, successful bidders pay only the price of the lowest accepted bid rather than the actual price as in a co...
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UPDATE 1-FHLB sells $4 bln three-yr global bonds
NEW YORK, May 23 (Reuters) - The Federal Home Loan Bank System, the largest collective source of U.S. home funding, said on Friday it sold $4 billion in three-year global bonds.
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Candover, Goldman agree higher offer for UK
The independent directors of Expro said they recommended the cash offer. Earlier on Friday, Expro said that it had received a higher approach at 1,525p per share, worth 1.7 billion pounds ($3.37 billi...
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Grim economic outlook weighs on sterling vs euro
LONDON (Reuters) - Sterling failed to sustain an early push higher against a broadly weaker dollar and lost ground versus the euro on Friday as investors focused on an unhealthy combination of slowing...
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UPDATE 1-Private equity among bidders for Friends unit-source
LONDON, May 23 (Reuters) - A number of private equity (PE) companies are among the bidders for Lombard, the high-end insurance arm of Britain's Friends Provident (FP.L:
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FOREX-Dollar pares losses on April home sales data
NEW YORK, May 23 (Reuters) - The dollar pared losses against the yen on Friday after slightly better-than-expected U.S. existing home sales data for April.
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  • UPDATE 1-EU to press banks for speedy subprime remedies

    BRUSSELS, March 14 (Reuters) - Banks must quickly disclose losses on investments hit by a global credit squeeze and governments will intervene if the market fails to sort itself out, European Union...

  • Sovereign wealth investors growing fast

    Sovereign wealth funds — the increasingly powerful investment arms of governments around the world — are growing at a rapid pace, according to the Preqin Sovereign Wealth Funds Review. ...