Business news for Fri, 16 Nov 2007 & with word losses. 35 news.

Fannie Mae, the largest home lender in the US, suffered its biggest two-day share-price decline in 20 years amid investor concern that it had understated credit losses

The world's bulging sovereign wealth funds are not only willing to brave the Washington publicity circus when they buy into US companies, they also seem to have the stomach for serious losses

US stocks rose overnight after a day of sharp price swings, helping the S&P 500 narrowly avert a third straight week of losses as bargain-hunting lifted the beaten-down technology sector while shares of oil companies rose with crude prices.

Fannie Mae sought to reassure nervous investors Friday after questions arose about a key change in the way the mortgage lender discloses its bad loans -- and whether the shift is camouflaging mounting losses.

Fannie Mae executives on Friday defended a change in the way the mortgage finance company calculates losses on home loans, responding ...

Reuters - U.S. stocks rose on Friday after a day of sharp price swings, helping the S&P 500 narrowly avert a third straight week of losses as bargain-hunting lifted the beaten-down technology sector while shares of oil companies advanced on buoyant crude prices.

Credit market losses could wind up hitting $400 billion US and financial institutions may cut their lending by $2 trillion US, according to an economist with Goldman Sachs Group Inc.

NEW YORK (Reuters) - Huntington Bancshares Inc (HBAN.O), a large U.S. Midwest regional bank, projected a surprise fourth-quarter loss because of its exposure to a troubled client's mounting mortgage losses, sending its shares down Friday as much as 10.5 percent to a six-year low.

Fannie Mae shares skidded further Friday after falling 10% Thursday amid worries over the way the mortgage giant reports credit losses and a gloomy outlook for the housing market.

Goldman Sachs has sent a shudder through the debt markets, warning that sub-prime mortgage losses could force banks to slash lending by $2,000bn (?980bn) and push the United States into a deep recession.

AFP - The leading share index finished in negative territory as financial stocks suffered big losses amid concerns that the Alliance & Leicester mortgage lender is having difficulties raising funds, dealers said Friday.

AFP - The pound held firm against the single European currency and suffered losses against the dollar despite US figures on manufacturing output and capital flows being weaker than expected.

Finance houses' losses from the credit market slump may be around $400bn (?190bn), Goldman Sachs says.

Germany's Depfa Bank, which employs 300 people in the IFSC in Dublin, has confirmed it is possible Irish operation could face job losses.

A rocky trading session ended with a late surge, breaking a two-day streak of losses.

TWELVE enterprises black listed due to the emission of heavy pollution will be cut off loans from all banks, as part of the act to promote "green credit loans", the China Youth Daily reported today. The State Environmental Protection Administration has delivered the black list to the China Banking Regulatory Commission and the People's Bank of China, but do not reveal the 12 company names. "The method is aimed at forcing heavy polluters to be responsible for the economic losses (they cause)," said an official with the authority. The top fine for polluting is only 100,000 yuan (US$13,459), so environmental authorities implemented the loan ban to force more companies to follow the law. A brewery in Anhui Province saw its 10 billion yuan credit line suspended as it had no facilities to treat waste-water discharge for years. A power company in Chengdu, capital of Sichuan Province, had its loans from an outlet of China Merchant Bank recalled after it failed

CAPE TOWN, South Africa (AP) -- U.S. Treasury Secretary Henry Paulson expects more of the losses in the U.S. mortgage industry that have already damaged the dollar, but predicted a long-term recovery for the battered currency....

The yen posted its second consecutive weekly gain after companies reported more credit market losses, prompting investors to cut holdings of higher-yielding assets financed with loans in Japan.

US bank M&T, in which AIB has a 24% stake, said it had unrealised losses on its securities portfolio of $100m.

THE Dublin market stabilised somewhat yesterday after Wednesday’s substantial losses.