WASHINGTON - THE US government plans to invite wealthy investors to invest in the bailout of the crippled financial system, The Washington Post reported on Friday.
WASHINGTON - THE US economic bleeding extended in February with 651,000 jobs lost and the unemployment rate surging to 8.1 per cent, according to data on Friday highlighting an ever-deepening recession.
The number of job losses was in line with most forecasts but underscored the dire state of the economy as companies axe jobs to cope with an intensifying slump.
HONG KONG - PALI Holdings Inc, a securities firm which caters to hedge funds and money managers, said on Friday that it is closing its sole Asian office in Singapore.
According to a report in The Wall Street Journal, Pali Holdings, which is headquartered in New York, is shutting its Asian office about 18 months after it was opened, a person familiar with the situation said Friday.
