Financial news on February 17, 2008

Business and Financial news
Arcane Market Is Next to Face Big Credit Test

The market for credit insurance will be put to the test as a looming economic downturn strains companies’ finances. Read more..

By GRETCHEN MORGENSON - The New York Times

Banker Leaves Hong Kong Post

David Li, the Hong Kong banker and lawmaker who is paying $8.1 million to settle an insider-trading case involving Dow Jones, resigned from his city council post. Read more..

By BLOOMBERG NEWS - The New York Times

See what else happened on February 17, 2008