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Articles in category: Business, Economy & Finance
172 Articles (43 Pages, 4 Articles per Page)
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Rio Tinto, the mining group, on Thursday unveiled plans to receive a $19.5bn cash injection from Chinalco, the Chinese aluminium producer.
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The plan proposes using Federal Reserve loans and private capital to leverage up the remaining $250bn in the troubled asset relief programme to create up to $2,000bn in buying power.
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UBS on Tuesday reported a loss of nearly CHF20bn (â?¬13.2bn) in 2008, the highest loss in Swiss corporate history.
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Returns from commercial property fell to record lows last quarter. Total returns across all property classes in the last quarter of 2008 were minus 12.8 per cent, according to property consultancy Jones Lang LaSalle, which dragged returns for the full year down to minus 21.2 per cent.
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