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Sat, 4 Jul 2009 16:48:00 GMT

Much ado about central bankers

By Martin Wolf Will no one rid me of this turbulent central banker? Gordon Brown, the UK's prime minister, may be asking just that when he learns of yet another critical comment from the governor of the Bank of England. For Henry II, king of England in
Sat, 4 Jul 2009 16:48:00 GMT

Islamic banks urged to revamp business model

MANAMA: Islamic banks in the Gulf Arab region need to adopt a new business model and take on more customers to weather the economic downturn, Ernst & Young's head of Islamic finance said yesterday. Islamic banks, many of which are investment houses, have
Sat, 4 Jul 2009 16:47:00 GMT

UAE banks await central bank guidance on provisions

ABU DHABI: Banks in the United Arab Emirates are unlikely to take loan-loss provisions in the second quarter on troubled Saudi groups Saad and Al Ghosaibi as they await directives from the central bank, bankers said. The UAE central bank is expected to
Sat, 4 Jul 2009 16:47:00 GMT

Balloon pilot job open at Monroeville bank

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Sat, 4 Jul 2009 16:47:00 GMT

Bank of China signs yuan trade settlement deal with HSBC, BOC (Hong Kong)

Bank of China (BOC), China's largest foreign exchange bank, announced Saturday it has signed a yuan trade settlement agreement with BOC (Hong Kong) and HSBC in Hong Kong. The BOC is the first mainland bank to reach such agreements following rules
Sat, 4 Jul 2009 16:44:00 GMT

Saxo Bank Launches Free Website 'Taking the lead' for Tour de France Fans

Saxo Bank, the online trading and investment specialist, and main sponsor of Team Saxo Bank, has launched a new and unique concept for The Tour de France, combining video, audio and text into a free online storytelling universe. The 'Taking the lead'
Sat, 4 Jul 2009 16:44:00 GMT

China's Central Bank Governor gives six scenarios to redress global imbalances

BEIJING, July 3 (Xinhua) -- China's Central Bank Governor Zhou Xiaochuan Friday outlined six possible scenarios of adjustments for global economy to achieve balance. Zhou was speaking at the Global Think Tank Summit that opened Thursday in Beijing. Zhou
Sat, 4 Jul 2009 16:32:00 GMT

China central bank official: US current account deficits a result of many countries' surpluses

BEIJING, July 4 (Xinhua) -- Current account deficits of the United States resulted from surpluses of many countries, said the People's Bank of China Assistant Governor Guo Qingping Saturday. Guo, who was speaking at the Global Think Tank Summit in
Sat, 4 Jul 2009 16:23:00 GMT

Bernie is banged up but banks are back in business

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Sat, 4 Jul 2009 16:22:00 GMT

Absa suing Zambian govt

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Sat, 4 Jul 2009 16:22:00 GMT

Citigroup bonds a 'buy'

Bank-issued credits were as dependable as sunshine in Santa Fe until Lehman Brothers went down, and investors in Lehman debt got soaked. Authorities have since bent over backward providing all sorts of cheap funding to banks to prevent another bank
Sat, 4 Jul 2009 16:20:00 GMT

Central bank hikes bond issuance plan hefty 25%

The Canadian government has taken advantage of cheap borrowing rates and increased its bond issuance program to a record $103-billion to fund its expanding budget deficit. The Bank of Canada said late Thursday it would increase its bond issuance in
Sat, 4 Jul 2009 16:20:00 GMT

Air Arabia and Dubai Islamic Bank launch online ticket payment service

Dubai: Air Arabia and Dubai Islamic Bank (DIB), the largest Islamic bank in UAE, announced today the launch of a new ticket payment method for Air Arabia customers via DIBs electronic banking channel. Easy payments for Air Arabia tickets can now be made
Sat, 4 Jul 2009 16:16:00 GMT

Central banker warns of risks in stimulus push

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Sat, 4 Jul 2009 16:15:00 GMT

Citigroup bonds a 'buy'

Bank-issued credits were as dependable as sunshine in Santa Fe until Lehman Brothers went down, and investors in Lehman debt got soaked. Authorities have since bent over backward providing all sorts of cheap funding to banks to prevent another bank
Sat, 4 Jul 2009 16:10:00 GMT

Central bank hikes bond issuance plan hefty 25%

The Canadian government has taken advantage of cheap borrowing rates and increased its bond issuance program to a record $103-billion to fund its expanding budget deficit. The Bank of Canada said late Thursday it would increase its bond issuance in
Sat, 4 Jul 2009 16:09:00 GMT

Congress MP apologises for slapping bank manager

New Delhi: Congress MP Manda Jagannatham on Thursday issued an 'unconditional apology' to the bank manager he was seen slapping hard on TV but said 'the truth would come later'. 'I have no personal grudge against Ravinder Reddy, the rural bank manager.
Sat, 4 Jul 2009 16:04:00 GMT

Citigroup bonds a 'buy'

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Sat, 4 Jul 2009 15:54:00 GMT

Central bank hikes bond issuance plan hefty 25%

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Sat, 4 Jul 2009 15:54:00 GMT

SunPower, Wells Fargo Team to Finance $100 Million in Solar ProjectsFirst Projects with University of California, Merced and Western Riverside County Regional Wastewater Authority

- Wells Fargo and SunPower Corp. announced a new collaborative effort to fund up to $100 million in SunPower commercial-scale solar systems. Under the financing program, SunPower will enter into power purchase agreements with qualified customers and
Sat, 4 Jul 2009 15:46:00 GMT

Bank of New Zealand Selects Data Domain to Optimize Storage Infrastructure

Data Domain, Inc. (NASDAQ: DDUP), the leading provider of deduplication storage systems, today announced that Bank of New Zealand (BNZ), a subsidiary of National Australia Bank Group, has implemented Data Domain's deduplication and replication solutions
Sat, 4 Jul 2009 15:45:00 GMT

Dexia board rep says quit to avoid interest conflict

AIX-EN-PROVENCE, July 4 (Reuters) - Denis Kessler, chief executive of French reinsurer Scor, said on Saturday he had resigned from the supervisory board of Dexia financial group to avoid any conflict of interest with Fortis . 'I am a supervisory board
Sat, 4 Jul 2009 15:44:00 GMT

UCO Bank to enter general insurance business

Kolkata, July 3 : State-run UCO Bank will invest Rs.45 crore in its proposed general insurance company, a top bank official said here Friday. 'We will pick up a 30-percent stake in the general insurance venture, which will have a capital base of Rs.150
Sat, 4 Jul 2009 15:43:00 GMT

YES BANK to partner First Data for ATM network

Kolkata, July 3 : YES BANK, India's new age private sector Bank and First Data, a global leader in electronic commerce and payment processing services, has signed a Memorandum of Understanding (MoU) for an innovative ATM deployment programme. In this
Sat, 4 Jul 2009 15:42:00 GMT

Oil price hike to push inflation by 35-40 basis points: HDFC Bank

Mumbai, Jul 3 : HDFC Bank today indicated that the recent hike in petrol and diesel prices could push inflation up by 35 to 40 basis points. HDFC Bank in a note here said the second round increase could witness a higher rate due to rise in food prices on
Sat, 4 Jul 2009 15:41:00 GMT

Urbanisation is key to economic growth, says central bank chief

The mainland will need a massive urbanisation campaign to drive its economic growth in the short term, the central bank chief told the Global Think Tank Summit in Beijing. Zhou Xiaochuan , governor of the People's Bank of China, said the country's large
Sat, 4 Jul 2009 15:36:00 GMT

Swiss banks drop U.S. clients due to UBS case: report

Swiss banks including ZKB and Mirabaud are pulling out of business with individuals who pay U.S. taxes, newspaper Neue Zuercher Zeitung (NZZ) reported on Saturday. The banks are reacting to pressure from U.S. authorities, who are waging a legal battle
Sat, 4 Jul 2009 15:25:00 GMT

Never mind the banks, save the spice burger...

HAVING grumbled about billions spent on banks, the Irish public have pulled together to rescue another treasure -- described as one of Ireland's few original contributions to world cuisine: the 'spice burger.' The news that the Dublin-based makers of
Sat, 4 Jul 2009 15:18:00 GMT

Research and Markets: A Case Study of United Overseas Bank: Achieving Enterprise Risk Management

Research and Markets (http://www.researchandmarkets.com/research/15a428/achieving_enterpri) has announced the addition of the 'Achieving Enterprise Risk Management: A Case Study of United Overseas Bank (Analyst Insight)' report to their offering. This
Sat, 4 Jul 2009 15:17:00 GMT

Ratings roundup: Banco Azteca, Banco Agrcola, Banco Citibank

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Sat, 4 Jul 2009 15:17:00 GMT