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Prime Defined

Stands for prescribed right to income and maximum equity, a certificate that entitles the owner to the dividend/income from an underlying security, but not to the capital appreciation of that security.

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Commonwealth Agrees to Buy HBOS Plc's BankWest Unit (Update3)

Published October 7, 2008, 8:04 pm, Bloomberg

Oct. 8 (Bloomberg) -- Commonwealth Bank of Australia , the nation's biggest provider of mortgages, agreed to buy HBOS Plc's Australian units for A$2.1 billion ($1.5 billion) as the troubled U.K. bank sells assets amid the global credit crisis.

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CA-BUSINESS Summary

Published October 7, 2008, 8:00 pm, The Globe and Mail

TORONTO (Reuters) - The Toronto Stock Exchange's main index dropped nearly 4 percent on Tuesday to end below the key 10,000 level for the first time in three years as fears that the credit crisis could balloon to a global recession prompted broad selling.

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Bank Mergers Spell Change for Branches in Manhattan

Published October 7, 2008, 7:58 pm, New York Times

As banks merge, maps of their branches in Manhattan show overlap for many formerly competing banks, which means closings might follow.

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Thailand May Keep Rate at 16-Month High Amid Political Turmoil

Published October 7, 2008, 7:54 pm, Bloomberg

Oct. 8 (Bloomberg) -- Thailand's central bank will probably keep its benchmark interest rate unchanged after two increases since July to bolster confidence in an economy marred by political turmoil and a global credit crisis.

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Travel

Published October 7, 2008, 7:54 pm, The West Australian

The Queensland government will step up efforts to protect the Great Barrier Reef, starting with a summit and regular report cards on its health, Premier Anna Bligh says.

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Vietnam's Government Companies May Buy Stocks to Support Market

Published October 7, 2008, 7:54 pm, Bloomberg

Oct. 8 (Bloomberg) -- Vietnam may ask government companies to buy shares as part of measures to support Asia's second-worst performing stock market, State Securities Commission Chairman Vu Bang said.

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Sliding in polls, Canada's PM unveils platform

Published October 7, 2008, 7:52 pm, Boston Globe

Canadian Prime Minister Stephen Harper, sliding in the polls a week before elections, on Tuesday released modest legislative goals saying now is not the time to boost spending.

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(AFX UK Focus) 2008-10-08 03:22 PRESS DIGEST - Thai newspapers - Oct 8

Published October 7, 2008, 7:50 pm, Interactive Investor

BANGKOK, Oct 8 (Reuters) - These are some of the leading stories in Thai newspapers on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

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Transcript of second McCain, Obama debate

Published October 7, 2008, 7:47 pm, CNN

Presidential candidates John McCain and Barack Obama debated in Nashville, Tennessee, on Tuesday night. NBC's Tom Brokaw moderated the debate. Here is a partial transcript of that debate.

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EU to guarantee deposits

Published October 7, 2008, 7:46 pm, Stuff

European leaders today agreed to raise the minimum guarantee on household bank deposits to 50,000 euros (NZ$105,400) introducing a standard scheme across the 27-nation EU.

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