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US Govt passes housing rescue bill (Money Marketing Online)
The US has passed a housing rescue bill which could see struggling homeowners refinance their mortgages with cheaper loans backed by the Federal Housing Association. ...
World Bank loans US$30mn to support water research, innovation - Chile (Business News Americas)
The World Bank ( WB ) has approved a US$30mn loan to Chile in support of the country's innovation framework for competitiveness in priority areas such as industries affected by water scarcity, a national government official told BNamericas.
South Korea to raise up to $2 bln for US debt (Budapest Business Journal)
Korea Asset Management Corp (KAMCO) will raise up to 2 trillion won ($1.98 billion) to buy US non-performing loans with Shinhan Bank and Mirae Asset Securities.
Korea Kamco To Invest Up To $1 Billion In US Bad Loans By This Year (Nasdaq)
SEOUL -(Dow Jones)- South Korea's Korea Asset Management Corp. will begin investing in non-performing loans in the U.S. within this year through a fund it is raising, which could amount up to $1 billion, Kamco officials said Wednesday.
Hynix to Close US Chip Factory Amid Downturn (PC World via Yahoo! News)
Hynix will close its only US chip factory, which was a life raft during its battles against US, EU and Japanese countervailing...