Corporation News

Inflation in Europe, which is now officially in recession, is its lowest level for October of nine months since it appears from Eurostat data.

The increase of consumer prices was 3.2 percent for October on an annual basis (after 3.6 percent growth in September and 3.8 percent in August). This is the lowest level of January 2008
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U.S. shares rose more expensive, thus their weekly growth rose by the largest since 1974 after JPMorgan Chase acted to deal with problematic mortgages, interbank interest rates decreased and the profits of companies outside the financial sector grew four times faster than in the previous quarter.

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PricewaterhouseCoopers (PwC), which is representative of Lehman Brothers International (Europe), aims to sell the units asset management and corporate finance bank in Europe to days, the company said. The message comes a bit after it became clear that Barclays Plc. Bid Division of Lehman Brothers, who is engaged in investment business in the U.S..

“Currently we are in negotiations with potential buyers and our aim is to a deal in the next few days“, says a company release.
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By the company HypoCredit, which is non-bank financial institution with the principal activity - the financing of residential loans and mortgage business for small and medium enterprises, reported that issued the new order in the seventh issue corporate bonds. They are valued at 10 million and will be used for the main activity of the company. Are secured by the pledge of financial assets HypoCredit.
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From the International Monetary Fund say that the financial crisis has not ended.
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Fears about the future development of the mortgage crisis in the U.S. on track to lead the dollar to new historic beds. Yesterday the U.S. currency trading fell to 1,5937 EUR / USD, which is the lowest level of 23 April onwards. Record of the euro against the green of money is only one - at 1.6019 dollars to euros. Meanwhile, at the end of last week marked the single currency at its highest level against the Japanese yen so far.
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California Bank Indimak, one of the largest mortgage lenders in the U.S., was placed under the management of federal authorities.

Thus it became the biggest bankruptcy in U.S. banking institution for the past 24 years, has sent AFP.
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American Stock Exchange is now entirely in terms of the bear market, after both main index fell by over 20 percent from October onwards. Reason for sales made to each dark forecasts of the impact of the mortgage crisis on the profits of banks and financial system as a whole. Shares of financial companies celebrated their biggest decline for the last six years, the index, tracking their performance, fell by 5.2 percent.
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