Banks face $145m exposure to Lehman

Submitted by AAP on

Australia's big five banks could have a combined exposure to Wall Street's bankrupt Lehman Brothers Holdings Ltd of around $145 million.

U.S. stock markets down on Lehman, Merill fate

Submitted by PTI on

New York, Sep 16 (PTI) The stock market here suffered the
worst one-day loss in seven years as investors, fearing
collapse or consolidation of more banks, went on a selling

Leading world insurer AIG close to bankruptcy

Submitted by PTI on

New York, Sept 16 (PTI) In the continuing meltdown in the
U.S. financial market, World's largest insurer, American
International Group (A.I.G.) was Tuesday downgraded by credit

Etihad enters codeshare agreement with Malaysia Airlines

Submitted by WAM on

Etihad Airways is to extend further its expanding global network by providing its customers with greater access to destinations in Asia, following the signing of a new codeshare agreement with Mala

Firms in realty sector record 1,200% growth rate

Submitted by WAM on

UAE's real estate market have witnessed remarkable growth over the past few years with many companies in the sector averaging a growth rate of approximately 1,200 to 1,500 per cent in the period 20

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