AIG, which sponsors Manchester United, was on the brink of collapse when govt officials agreed to provide an emergency loan this week. The rescue package provided by the US govt was £47.2 billion. … [Read more...]
Offshore and Local Investing Investment News from South Africa and around the world
AIG the US’s largest insurer is rescued by the Fed
The Federal Reserve Board announced last night that it is to lend around US$85 billion to rescue the crumbling insurer American International Group (AIG).The Fed authorized the Federal Reserve Bank of … [Read more...]
Lehman Brothers Folds and Merrill Lynch taken over
The credit crunch takes a double toll.Lehman Brothers, the New York headquartered global financial services group founded in 1850, has collapsed. The firm filed a petition under Chapter 11 of the US … [Read more...]
Mark Mobius on investing in China & India
According to Dr Mark Mobius, director at Templeton Asset Management Ltd, Stocks in China and India offer ``good bargains`` after benchmark indexes in the nations declined more than any other major … [Read more...]
Is the time right for South Africans to invest offshore?
Guy Monson, investment head at Sarasin & Partners in London (who manage the Nedgroup Investments' Global Balanced Fund), says that the current fiscal stance is good for markets. He expects that the … [Read more...]
