Author Archives: John Rutledge

(February 4, 2008) – China’s biggest bank, Industrial & Commercial Bank of China (ICBC), has set aside reserves equal to 30 percent of its $1.2 billion in subprime holdings to cover possible losses. ICBC has 8.6 trillion yuan ($1.2 trillion) … Continue reading →

(February 4, 2008) – January Motor Vehicle Sales, including both domestic and imported autos and light trucks, ran at a 15.2 million annual rate, the weakest number since July. January domestic light vehicle sales, 11.7 million at an annual rate, … Continue reading →