Oil prices are down, the dollar is up, and US growth and exports have perked up a little. So is the global financial crisis winding down anytime soon?
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(WASHINGTON) The United States government yesterday seized control of mortgage finance companies Fannie Mae and Freddie Mac in an aggressive move to help the distressed US housing market and economy.
THERE'S no denying that the initial public offer (IPO) market is in pretty bad shape - about 90 per cent of IPOs this year are below their offer prices and anyone brave enough to list now is almost guaranteed to see their shares trade at a first-day discount.
ASIA-PACIFIC semiconductor industry revenue is forecast to reach almost US$160 billion by the end of this year, a 6.4 per cent hike from the 2007 level of US$150 billion, according to the latest projections by IT research agency Gartner. This compares to worldwide revenue growth of 4.6 per cent over the same period, the report said.
