News

S&P affirms Wells Fargo Home Equity Servicer Ranking

Standard & Poor's Ratings Services today affirmed its ABOVE AVERAGE ranking on Wells Fargo Home Equity (WFHE) as a residential mortgage subordinate-lien servicer. The outlook is stable.

H&M Confirms Reports Of New Store Chain Launch By 2013

Stockholm-based Hennes & Mauritz (H&M) has confirmed the launch of a new chain store by 2013 after posting a 13 percent rise in sales during the period Dec.1 and Feb. 29, 2012.

Kenya's Decade-long Property Boom Hits Trouble at Last

Pamela Onyambu went into the real estate business seven years ago to capitalise on a housing boom fuelled by Kenya's middle classes. Now she fears interest rates that have doubled in six months will wipe out any profit on her latest venture.