Lehman Brothers (Lehman), once a respected investment bank caused many investors to lose millions of dollars.
On that day, the Shanghai index fell to 1,800 points while the Hang Seng Index threatened to break 16,000 only for both to stage a very strong rebound – a V-shaped rebound.
For the not-so-young group of readers, this tune should sound familiar to all for it used to – and still does – occupy airwaves.
Rickmers Maritime (RMT) recently accepted delivery of its 12th vessel, MOL Dedication, the second of 13 additional vessels RMT is contracted to buy over 2008-2010.
It was an earth-shaking and event-moving fortnight to say the least. Indeed, 2008 may be known as the year when the financial landscape of Wall Street changed forever.
My parents used to keep telling me how important an education was for our future.
What does the MRT Circle line, Marina Bay Financial Centre and Reflections @ Keppel Bay have in common?
American International Group Inc. (AIG) units across Asia reported a slowdown in policy cancellations on 18 September and some denied reports of receiving buyout offers as focus shifted to the future of the Asian operations.
Ever since the sub-prime crisis last year, the financial turmoil has claimed several victims, ranging from US financial institutions Freddie Mac and Fannie Mae to global investments firms such as Merrill Lynch and American International Group (AIG).
