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Dec 23, 2010

FINANCE News, Dec 23, 2010


  1. Finance
    Committee passes budget by 10-4 vote


    Jerusalem Post - Rebecca Anna Stoil - 6 hours ago

    Opposition MKs complained that the government had favored yeshiva students over firefighters, but despite their protests, the Knesset Finance Committee ...
    Finance C'tee passes budget- Globes
    Defense budget: Committee reaches compromise- Ynetnews
    all 5 news articles »
  2. Wednesday's Personal Finance Daily


    MarketWatch - 10 hours ago

    Read more in today's Personal Finance pages, including why the Santa Claus rally is about to begin. Another report out on Wednesday from the Federal Housing ...
    Chicago-area home sales plunge- Chicago Tribune
    all 563 news articles »


  3. Haslam's pick for finance post serves on 3 boards


    Bloomberg - Erik Schelzig - 14 hours ago

    elect Bill Haslam's choice for finance commissioner serves on the corporate boards of three companies — including two based in Tennessee — and it's unclear ...
  4. Why not use mining tax revenue to finance NBN?


    The Australian - Jon Kudelka - 17 hours ago

    THEN it would be clearly seen as a government involved in the transformation of our economy from one dependent on the exploitation of non-renewable ...
    Sit down pay has had its day- The Australian
    all 163 news articles »


  5. Finance Ministry ends last crisis management meeting


    JoongAng Daily - 15 hours ago

    The Ministry of Strategy and Finance held its last crisis management meeting yesterday, signaling the government's belief that the country has fully ...
    Yoon Says S. Korea to Return Economic Policy Stance to Normal- Bloomberg
    all 6 news articles »


  6. Clydesdale finance for Touch Bionics


    Financial Times - Andrew Bolger - 12 hours ago

    Graeme Sands, director of corporate and structured finance at Clydesdale Bank, said on Wednesday: “At a certain stage in a company's development we can ...


  7. Surviving finance companies looking healthier: report


    New Zealand Herald - Brett Phibbs - 1 day ago

    New Zealand's non-bank finance companies have recovered significantly after the collapse in the property sector, the domestic recession and the global ...
    Finance company sector returns to profit- Stuff.co.nz
    Finance company sector's 'legacy of problem loans'- New Zealand Herald
    all 13 news articles »


  8. Zambia: Sikota slams people condemning Finance Bank takeover


    Lusaka Times - Rupiah Banda - 18 hours ago

    The ULP leader has further said that people should realize that Finance Bank is an important institution to the country's development and that the interests ...
    Zambian Regulators Probe Finance Bank Directors, Shareholders- Bloomberg
    BoZ goes after Finance Bank shareholders- Lusaka Times
    all 4 news articles »


  9. Canadian finance ministers to target debts and deficits in new year


    Globe and Mail - Karen Howlett - Bill Curry - 1 day ago

    Finance ministers pledged on Monday to insulate the country from further global economic shocks by making deficit and debt reduction a top priority, ...
    Federal, provincial finance ministers agree on private pension plan- CTV.ca
    Finance ministers put off action to improve CPP- Toronto Star
    Finance ministers agree to two-track approach to pension reform- Vancouver Sun
    Calgary Herald - BusinessWeek
    all 470 news articles »


  10. Jump in private funds for infrastructure likely in 12th plan


    Sify - 11 hours ago

    The finance minister said increased private participation helped improve infrastructure in the country, especially airports and roads.
    Direct PPP to people who can't pay: FM- Business Standard
    Private sector to chip in $500 b for infrastructure- The Hindu
    Govt hopeful of meeting infra spend target: Chawla- Hindu Business Line
    Indian Express
    all 15 news articles »


  11. Top Stories: Business and Finance


    Bloomberg - 1 day ago

    Overseas shipments increased 9.1 percent in November from a year earlier, compared with October´s 7.8 percent, the Finance Ministry said in Tokyo today. ...
    Banks Best Basel as Regulators Dilute or Delay Capital Rules- BusinessWeek
    all 38 news articles »
  12. Jailed Five Star Finance director to appeal sentence


    Stuff.co.nz - William Mace - 1 day ago

    Two directors of failed finance company Five Star Finance will be able to spend Christmas in the comfort of their homes while two will be behind bars for ...
    Five Star Finance directors sent to jail- National Business Review
    Five Star duo first directors to face prison- New Zealand Herald
    Five Star directors jailed- Stuff.co.nz
    TVNZ - New Zealand Herald
    all 47 news articles »


  13. Bank of England's Paul Fisher on raising interest rates, more QE ...


    Telegraph.co.uk - Philip Aldrick - 5 hours ago

    The latest unemployment data were thoroughly disheartening (a 35000 increase in the third quarter), and Tuesday's "truly horrible" public finance figures, ...


  14. 600 billion dlrs required for investments in infrastructure sector ...


    Sify - 15 hours ago

    Finance Minister Pranab Mukherjee on Wednesday said the requirement for investments in the infrastructure sector would be about 600 billion dollars during ...
    Multiple infrastructure debt funds mooted- Economic Times
    Montek moots multiple debt funds to boost core sector- Indian Express
    Montek for several debt funds to build infrastructure sector- Economic Times
    Indian Express
    all 33 news articles »


  15. Fingleton €1m unquestioned - report


    Irish Times - Martin Wall - Simon Carswell - 5 hours ago

    The report – written by two Irish Nationwide directors on foot of a request from the Department of Finance – reveals that the bonus formed part of a deal ...


  16. Mayor of London gives green light to €6.5bn Battersea Power ...


    Irish Times - Barry O'Halloran - 5 hours ago

    As part of that, it intends to float off Battersea and bring in a partner to finance its development. Last month it said that it has been in talks with a ...
    LON:REO


  17. Shariah-Compliant Hedging Derivatives Start in Malaysia: Islamic ...


    Bloomberg - Soraya Permatasari - Suryani Omar - 1 day ago

    Malaysia, the Asian hub for Shariah-compliant finance, accounts for more than 50 ...Finance's 6.396 ... The difference in yield between the Dubai Department of
    Qatar Cup to Lift Shariah Loans Off 5-Year Low: Islamic Finance- BusinessWeek
    Gulf Investment, Saudi International, GE: Islamic Bond Alert- BusinessWeek
    Islamic fund management industry set to gain momentum- Arab News
    all 26 news articles »


  18. Onion prices slide as export ban takes effect


    Sify - 14 hours ago

    'The customs duty on onions has also been cut from 5 percent to zero,' Finance... Secretary Ashok Chawla told reporters here, even as India started imports
    Centre, Maharashtra unite to ensure onion prices fall by 50%- Daily News & Analysis
    To flood onion market, Govt slashes import duty, extends export ban- Indian Express
    Voice of America - BBC News
    all 558 news articles »


  19. Belgian finance minister warns of threat


    Sydney Morning Herald - 1 day ago

    Belgium will face an onslaught from speculators if it does not take measures to reassure investors about its finances early next year, the finance minister ...
    Belgium FinMin Frets- Wall Street Journal (blog)
    all 21 news articles »


  20. Smith & Wesson Names Director Buchanan As New Finance Chief


    Wall Street Journal - 1 day ago

    John Dineen, who is a vice president of finance for the company's firearms division, had been working as the interim CFO. Earlier this month, Smith & Wesson ...
    SWHC
  21. BG picks Vale man for finance role


    Financial Times - William MacNamara - 1 day ago

    A Brazilian insider who was finance director at the world's second-largest mining company has been appointed chief financial officer at ...
    BG Appoints Former Vale CFO as Finance Chief After Brazil ...- Bloomberg
    BG says CFO Almanza to step down, Vale's Barbosa in- Reuters Africa
    all 35 news articles » LON:BG


  22. Nassau budget worries finance authority


    Newsday - Celeste Hadrick - 1 day ago

    Ronald Stack, chairman of the Nassau Interim Finance Authority, said NIFA's board of directors will meet again Dec. 30 at 10 am to review the county's ...
    State Taking Steps to Control Nassau's Finances- New York Times
    Mangano needs NIFA control board- Newsday
    all 7 news articles »


  23. Young workers letting 401k savings slide


    Philadelphia Inquirer - David Pitt - 11 hours ago

    AP Personal Finance Writer DES MOINES, Iowa (AP) - They're not off to a good start. Young workers between 18 and 30 are at risk for failing to ...
  24. Sensex fails to retain early gains, ends 45 pts down


    Sify - 18 hours ago

    Syndicate Bank, Tata Chemicals, LIC Housing Finance, Aban Offshore, Yes Bank, IFCI, Godrej Consumer Products, JP Hydropower, Vijaya Bank, Shriram Transport ...
    Sensex up 43 pts; MOIL up nearly 6% on strong volumes- Sify
    Sensex, Nifty come off higher levels; Hindalco, Wipro among top ...- Sify
    all 265 news articles » BOM:507685
  25. Chrysler finance sold for $6.3bn


    BBC News - 1 day ago

    ... carmaker went into bankruptcy protection last year after sales slumped during the global downturn. However, it kept control of the carmaker's finance arm.
    Cerberus says goodbye to Chrysler Financial- Fortune
    TD to buy Chrysler Financial- Toronto Sun
    Fitch affirms ratings for Toronto Dominion Bank- Bloomberg
    Wall Street Journal - Financial Times
    all 965 news articles » TSE:TD


  26. Oil subsidy to rise if crude crosses $90 a barrel: Chawla


    Indian Express - 8 hours ago

    Concerned over the spike in global crude oil prices, the finance ministry on Wednesday said that it was willing to bear a third of the fuel subsidy for the ...
    Govt willing to bear 1/3 of FY-11 fuel subsidy- Economic Times
    Govt to bear a third of oil subsidy: Chawla- Economic Times
    Govt to absorb cost, as oil at 2-year high- Business Standard
    Economic Times - NDTV.com
    all 42 news articles »


  27. World Bank gives $45 million loan for improving highways


    Sify - 16 hours ago

    According to a finance ministry statement Wednesday, nearly 40 percent of the total road traffic in India plies on the national highways network and this ...
    NHAI inks $45 mn loan pact with WB to improve efficiency- Business Standard
    all 11 news articles »
  28. UK GDP growth revised down, fears for austerity Britain


    Telegraph.co.uk - 19 hours ago

    The ONS blamed the downward revision of GDP growth on weaker outturns for production industries, construction and business services and finance. ...
    UK's official economic growth estimates revised down- The Guardian
    UK GDP: What the economists say- The Guardian
    Economic growth weaker than thought- The Press Association
    all 414 news articles »


  29. Illegal finance company owner arrested


    Times of India - 1 day ago

    BANGALORE: Central Crime Branch (CCB) sleuths arrested a 42-year-old man for allegedly running an illegal finance company and recovered various documents, ...
  30. Portuguese Finance Ministry Says Banking System Solid


    Wall Street Journal - Alex MacDonald - 1 day ago

    LISBON (Dow Jones)-- Portugal's Finance Ministry said Tuesday the country's banking system remains "solid" and ...
    INTERVIEW: Portugal Budget Plans Working; Deficit In Decline- Wall Street Journal
    all 6 news articles »
  31. Grameen extends guarantee for MFIs to ensure bank finance


    Livemint - Aveek Datta - Dinesh Unnikrishnan - 2 days ago

    Grameen Capital India is a collaboration involving Grameen Foundation, IFMR Trust and Citicorp Finance (India) Ltd. Muhammad Yunus, a pioneer in the field ...
    Incofin Invests in Hope Microcredit- Moneycontrol.com
    Central bank may allow recast of loans to MFIs- Business Standard
    The business of microfinance- The Hindu
    all 62 news articles »


  32. House prices to edge lower in early 2011, say estate agents


    Telegraph.co.uk - Myra Butterworth - 23 hours ago

    The Royal Institution of Chartered Surveyors said the overall outlook for the ...


  33. Russia, China To Finance 63% Of Ecuador Hydroelectric Plant


    Wall Street Journal - 1 day ago

    QUITO (Dow Jones)--State companies Water Energy of China and Russia's Inter Rao UES are set to build and will finance 63% of the new Toachi-Pilaton ...
  34. Govt changes its finance team again


    DAWN.com - Khaleeq Kiani - 2 days ago

    Photo by APP (File) ISLAMABAD: In a major reshuffle in its economic team, the government removed on Monday Finance Secretary Salman Siddique and Federal ...
    FBR chairman terms reshuffle in bureaucracy prudent decision- Daily Times
    PM reshuffles top bureaucracy- Daily Times
    all 19 news articles »


  35. China backs EU finance measures at start of trade talks


    AFP - 2 days ago

    BEIJING — China backs measures taken by the European Union and International Monetary Fund to ensure financial stability, Chinese Vice Premier Wang Qishan ...
    Euro firms as China voices support for EU bailout efforts- Economic Times
    China's Wang says 'concrete action' taken on EU debt- Financial Times (blog)
    all 472 news articles »


  36. I can bring the UK govt down: Finance chief Cable


    TODAYonline - 2 days ago

    LONDON - The British Business Secretary, Mr Vince Cable, has privately threatened to "bring the government down" if he is "pushed too far" during fractious ...
    The Cable affair shows Lib Dems are fighting for progressive policies- The Guardian
    all 1449 news articles »


  37. Groupon Hires Amazon Finance Executive Child as CFO to Help Raise ...


    Bloomberg - Joseph Galante - Alex Sherman - 2 days ago

    Child, 42, previously served as Amazon.com Inc.'s vice president of finance, overseeing its $14 billion international business, Groupon said today in a ...
    Groupon names ex-Amazon exec as CFO- Times of India
    all 49 news articles » AMZN


  38. Thank you, Mr. Madoff


    Globe and Mail - 15 hours ago

    The best of the Web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick. ...


  39. HST levy, CPP on agenda as finance ministers meet in K-Country


    Calgary Herald - Kelly Cryderman - 2 days ago

    Alberta Finance Minister Ted Morton was in good spirits as he was talking with Santa, Gil McGowan, ...
    Protestors occupy Morton's office- CTV.ca
    all 7 news articles »


  40. No 'dramatic' spending cuts in the offing, says Flaherty


    Globe and Mail - Bill Curry - 12 minutes ago

    Mr. Flaherty took some chiding earlier this week from Ontario Finance Minister ...finance minister. ... The next budget will be Mr. Flaherty's sixth as federal
    Flaherty gears up for year of 'No'- Ottawa Citizen
    all 8 news articles »


  41. Finland Should Cut Income Tax, Raise VAT, Finance Ministry Says


    Bloomberg - Kati Pohjanpalo - 1 day ago

    Finland should cut income taxes by 2 billion euros ($2.63 billion) and company taxes by 800 million euros, according to the Finance Ministry's working group ...
  42. Alberta fires warning volley over regulator


    Montreal Gazette - Barbara Shecter - 5 hours ago

    TORONTO -- Alberta's finance department is warning of dire consequences, including a clash of competing jurisdictions governing the country's capital ...
  43. Steinitz to hoteliers: 'You have my support'


    Jerusalem Post - Ron Friedman - 4 hours ago

    Finance minister lauds tourism industry for major boost to national ... Finance Minister Yuval Steinitz credited Israel's tourism sector on ...
    Erdan backs Dead Sea salt dredging- Jerusalem Post
    all 2 news articles »
  44. Finance boss heads for departure gate


    The Australian - Steve Creedy - 1 day ago

    VIRGIN Blue expects to announce a new chief financial officer early next year after Keith Neate announced his resignation yesterday. ...
  45. Government's €17.5bn bank injection gets Commission approval


    Irish Times - 1 day ago

    The President's decision yesterday to sign off the Credit Institutions (Stabilisation) Bill, which gives the Minister for Finance sweeping emergency powers ...
    EU approves bail-out of three Irish lenders- Telegraph.co.uk
    Complaints to proceed against Anglo bosses- RTE.ie
    Bankers face accountancy tribunal- The Press Association
    Belfast Telegraph - BBC News
    all 319 news articles » MTC


  46. The hijacking of a policy


    Business Standard - Alam Srinivas - 11 hours ago

    Similarly, while the 2003 Cabinet decision stated that the finance ministry and ... The finance ministry wrote two letters, dated June and November 2007, ...
    News 2010: Year that was...- Business Standard
    all 12 news articles »


  47. Valeant finance chief Peggy Mulligan resigns


    Bloomberg - 2 days ago

    By AP Valeant Pharmaceuticals International Inc. said Monday that Chief Financial Officer Peggy Mulligan has resigned immediately to pursue other interests, ...
    TSE:VRX
  48. Latest record rent rise may be among the last


    WalesOnline - 23 hours ago

    “But with the limitations placed on the supply of rental property by the lack of mortgage finance, rents have continued to increase – even though the rental ...
  49. Tata Motors Finance hopes to help increase Nano sales


    Livemint - 3 days ago

    After improving profit margins and reducing bad loans in recent months, Tata Motors Finance Ltd (TMF), the captive vehicle financing arm of Tata Motors Ltd, ...
    Now, a Nano at zero down payment- Hindu Business Line
    Tata Nano's New Ad Commercial- Oneindia
    all 26 news articles » BOM:500570 - NSE:TATAMOTORS


  50. Eircom's chief financial officer departs


    Irish Times - 1 day ago

    He said chief executive Paul Donovan had assumed responsibility for finance as an interim measure. Mr Cross could not be reached for comment yesterday, ...
  51. Saudi Companies May Beat Malaysia on Debt Sales in 2011: Islamic ...


    Bloomberg - Dana El Baltaji - 3 days ago

    Saudi Electricity Co., the Arab world's largest utility by market value, will finance... more than 30 billion riyals ($8 billion) of projects, Chief Executive
    Surplus in 2010 put at SR108.5bn- Arab News
    Saudi Arabia stimulates the economy by spending $154 billion in 2011- Ahram Online
    High oil prices underpin strong Saudi spending, surplus- AFP
    Arab News - Bloomberg
    all 197 news articles »


  52. British exporters call for support from Government


    Telegraph.co.uk - Sean O'Hare - 20 hours ago

    Problems during the recession coupled with a lack of access to export finance for riskier markets have left many British exporters in a weak position ...


  53. Steinitz: Housing prices slow down


    Jerusalem Post - Sharon Wrobel - 8 hours ago

    Over the past few months, the Finance Ministry and the Housing and ... “Based on data from the Finance Ministry, the Bank of Israel and the Central Bureau ...
    Bank of Israel budget near NIS 700m- Globes
    Fischer warns on variable rate mortgages- Globes
    Fischer: Mortgage borrowers won't be able to meet payments- Ha'aretz
    Bloomberg
    all 5 news articles »


  54. Mark-up rate facility schemes


    Daily Times - 8 hours ago

    The Circular said the remaining 8% of the Export Finance Mark up Rate Facility, for the period Sep 01, 2009 to Feb 28, 2010, shall be released on receipt of ...
  55. Price of insurance the same despite increasing excess


    Telegraph.co.uk - Myra Butterworth - 23 hours ago

    The study by Which? found that opting for a higher excess on your insurance made ...
  56. Israel Chemicals loses tax benefits


    Globes - 16 hours ago

    The Knesset Finance Committee yesterday approved the Law for the Encouragement of Capital Investment proposed by the Ministry of Finance. The vote was 9:0, ...
    Israel Chemicals to Lose Tax Benefit Under New Law, Globes Says- Bloomberg
    all 3 news articles »
  57. 40% of bank chiefs in place during guarantee still in office


    Irish Times - John Collins - 2 days ago

    Minister for Finance Brian Lenihan, in response to a question from Labour Party finance spokesperson Joan Burton, confirmed that 28 directors remain in ...
    Allied Irish Banks Plunges After Report of Nationalization- Bloomberg
    Ireland's NAMA Applies 58% Discount to Banks' Real Estate Loans- Bloomberg
    all 237 news articles » MTC


  58. ECB wants changes to Bill tackling banking crisis


    Irish Times - Barry O'Halloran - 2 days ago

    THE EUROPEAN Central Bank (ECB) wants the Government to change legislation that gives the Minister for Finance broad powers to intervene in the banking ...
    ECB Concerned by Irish Bank Bailout Law- ABC News
    Irish Govt: "Inconceivable" Bank Bill Would Encroach On ECB- Wall Street Journal
    Top ECB executive defends bond buying program- Bloomberg
    MarketWatch - Reuters
    all 458 news articles »


  59. International biggies setting up shop in NBFC sector


    Economic Times - 1 day ago

    "The role of the NBFC is defined as the financial intermediary and the particular task has been well recognised by the finance sector as well as the ...
  60. Market Chatter -- Corporate finance press digest


    Reuters Africa - 1 day ago

    * Alpha Natural Resources (ANR.N: Quote) has submitted an offer to buy rival US coal miner Massey Energy (MEE.N: Quote), the Wall Street Journal reported, ...
    ANR - MEE
  61. South Korea to Suspend Milling-Wheat Import Tariff, Finance ...


    Bloomberg - Shinhye Kang - 2 days ago

    1 to help “stabilize” local prices, the nation's finance ministry said. A tariff on flour will also be cut to 2.5 percent from 4.2 percent and the moves ...
  62. Govt may spend most of cash surplus by March


    Sify - 1 day ago

    ... and was unlikely to carry it forward into the next, a senior finance ministry official said. Banks are currently facing an acute shortage of cash, ...
    India may spend most of cash surplus in FY11-source- Reuters
    all 8 news articles »


  63. Five Star director denied bail


    National Business Review - 9 hours ago

    Five Star Finance director Marcus Macdonald has been refused bail and will spend Christmas Day in prison. Macdonald, 69, had his application for bail denied ...
    Five Star director refused bail for Christmas- Stuff.co.nz
    all 13 news articles »
  64. FTSE nears the 6000 mark as miners march up


    Telegraph.co.uk - Rachel Cooper - 1 day ago

    Joining Agrekko was BG Group, which shed 14½p to £13.17 as the gas company announced its finance director, Ashley Almanza, will step down at the end of ...
  65. Unreliable accounts hamper receivers


    New Zealand Herald - Tamsyn Parker - 13 hours ago

    The receivers of Southbury Group - the ultimate parent of South Canterbury Finance - have been unable to quantify its assets and ...
    SCF owed $103m by parent company- New Zealand Herald
    SCF owed nearly $104m by parent company- Stuff.co.nz
    Southbury accounts 'unreliable'- Stuff.co.nz
    all 39 news articles »
  66. Bond Sales Pulled as Yields Hit Four-Month High: Russia Credit


    Bloomberg - Emma O'Brien - 11 hours ago

    The Finance Ministry yesterday canceled its last sale of so-called OFZs for 2010, ... The Finance... Ministry plans to raise 1.3 trillion rubles next year,
  67. Nabiullina Disputes Need for Tax Hikes


    The Moscow Times - Roland Oliphant - 8 hours ago

    The Finance Ministry has proposed such measures to narrow the budget ... On Monday, Deputy Finance Minister Sergei Shatalov said in an interview with ...
  68. Should You Always Chase the Best Savings Rates?


    Forbes (blog) - Sierra Black - 7 hours ago

    If you're reading about personal finance on the web or using any personal finance... software, you're probably being bombarded by offers for high yield savings


  69. First Principle: Packing credit


    Economic Times - 1 day ago

    Export credit at times are offered at concessional rates and also refinanced by specialised trade finance institutions.
  70. Moscow cancels Rb26bn bond sale


    Financial Times - Courtney Weaver - 10 hours ago

    Russia's finance ministry is putting on hold ... The finance ministry announced last month that it would issue Rb200bn on the ...
  71. Koutons Retail in talks to sell 15 pct stake - report


    Reuters India - Kaustubh Kulkarni - Harish Nambiar - 1 hour ago

    A few private equity funds, such as TPG Capital and Banyan Tree Finance, and a Mumbai-based apparel firm are in talks with the founders of Koutons Retail ...
    Debt-struck Koutons in talks to shed 15%- Economic Times
    TPG capital, Banyan Tree in talks with Koutons- Moneycontrol.com
    all 9 news articles » BOM:532901
  72. A joint venture to train over two million in diverse skills


    Sify - 1 day ago

    The unique public-private partnership (PPP) which is promoted by the finance ministry is focused on providing combination of training and placement services ...
    NSDC signs MoU for training 20 lakh youth- Hindu Business Line
    all 12 news articles »
  73. JP Morgan's Canary Wharf deal is not everything the City hoped it ...


    Telegraph.co.uk - Graham Ruddick - Harry Wilson - 1 day ago

    ... and decided that his career was better served by working in a growing economic powerhouse than staying in the then established centre of global finance. ...
    LON:JMI


  74. Finance: A sparser future


    Financial Times - Francesco Guerrera - Justin Baer - 3 days ago

    Yet all of them face the problem highlighted by Colm Kelleher, who was Morgan Stanley's finance chief during its near-death experience in 2008 and is now ...


  75. Telstra takes hit on China business


    ABC Online - Alicia Barry - 6 hours ago

    Telstra says it will be forced to write down $138 million in the first half ended December 2010, after a review of its ...
    ASX:TLS


  76. He wants to lease a car, she wants to buy


    Globe and Mail - 1 day ago

    There are two main issues here: 1) whether to lease or finance; and 2) what type of vehicle is best for ... You also have much more control if you finance. ...

  77. RBI move will address money supply problem: Finance Ministry


    The Hindu - 6 days ago

    PTI The Finance Ministry today said the RBI's move to inject Rs 48000 crore into the system will help address shortage of money supply in the economy and ...
    'RBI policy is response to liquidity crunch'- Economic Times
    RBI's move to infuse liquidity won't increase inflation: Pranab- The Hindu
    RBI policy will not hurt inflationary situation - Pranab Mukherjee- Economic Times
    Business Standard - Business Standard
    all 356 news articles »
  78. S&P Sharply Cuts MBIA, Related Firms On Loss Outlook


    Wall Street Journal - 7 hours ago

    Last year, it splintered off its public-finance business into a legally ... Wednesday, S&P said the ratings of MBIA and National Public Finance were linked ...
    MBIA Credit Ratings Lowered By S&P on Potential CDO Losses, Litigation- Bloomberg
    all 6 news articles » MBI
  79. Double figures 'nearly' scuttle passage of appropriation bill


    Myjoyonline.com - 8 hours ago

    The Finance Minister, who was asked to explain the figures, could not, ... On his return after a marathon meeting, the Finance Minister is reported to have ...
  80. Chile moves to sell utilities stakes, help Codelco


    Reuters Africa - 14 hours ago

    SANTIAGO, Dec 22 (Reuters) - Chile will sell its stakes in four water utilities, valued at $1.6 billion, and may use the proceeds to help finance ...
  81. <B>Daniel Gros:</B> What size the fire exit?


    Sify - Daniel Gros - 2 days ago

    Unfortunately, the size of the EFSF looks inadequate to finance a collective exit by short-term investors. When the EFSF was created, it was assumed that ...
  82. Ready for special session: Pranab on 2G logjam


    IBNLive.com - 3 hours ago

    Finance Minister Pranab Mukherjee on Wednesday made a dramatic offer to the Opposition for a special Parliament session to debate on the demand for a Joint ...
    2G scam: Govt ready to hold special session on JPC, says FM- Moneycontrol.com
    Pranab offer puts ball back in Oppn court- Hindustan Times
    Oppn unimpressed with offer for special session on JPC- Sify
    Sify - The Hindu
    all 40 news articles »


  83. Build Americas Save Puerto Rico Power $131 Million in Costs: Muni ...


    Bloomberg - Brendan A. McGrail - Simone Baribeau - 29 minutes ago

    “This is the deal of the week,” said Tony Shields, a principal in the public-finance department at Williams Capital Group LP in New York. ...
  84. Zeti Honoured With Lifetime Achievement Award


    Bernama - 1 day ago

    In her acceptance remarks, she said Islamic Finance is one of the fastest growing segments in the global financial system. "The industry remained resilient ...
    Islamic banking thriving- Independent Online
    all 22 news articles »


  85. Greece passes austerity budget


    The Hindu - 4 hours ago

    AP Greek Finance Minister George Papaconstantinou speaks during a budget debate at the Greek Parliament in Athens, Wednesday, Dec. 22, 2010. ...
    Greek Parliament Approves 2011 Budget, $18 Billion Deficit ...- Bloomberg
    Greece Passes 2011 Austerity Budget In Post-Midnight Vote- Wall Street Journal
    all 305 news articles »


  86. Reworked debt recovery laws to give a leg up to secured lenders


    Economic Times - 2 days ago

    The finance ministry has suggested amendments to the Debt Recovery Bill and Securitisation and Reconstruction of Financial Assets and Enforcement Act ...
  87. Banks seek higher interest to control arbitrage by exporters


    Economic Times - 2 days ago

    "Banks have demanded interest revision to put a stop on this practice," said a senior finance ministry official. Pre-shipment credit is largely made ...
  88. Deloitte steps aside in Equitable receivership


    Stuff.co.nz - Paul Mcbeth - 8 hours ago

    Deloitte's recovery team had attracted five of the major finance company collapses over the past four years, the biggest being the Dominion Finance and St ...
  89. Lenihan preparing to go to High Court over AIB bailout


    Irish Times - Simon Carswell - 5 hours ago

    Legal papers were being prepared yesterday evening in advance of the Minister for Finance Brian Lenihan making a High Court application today to pump a ...
    Irish govt prepares to inject capital into AIB-report- Reuters
    AIB may get injection of capital tomorrow- RTE.ie
    Ireland May Ask Court Approval for Allied Irish Injection- Bloomberg
    Wall Street Journal
    all 26 news articles » MTC


  90. Abandon the penny, Senate finance committee urges


    Vancouver Sun - Carmen Chai - 14 Dec 2010

    ... and the cost of producing it exceeds its financial worth, the Senate's finance committee said Tuesday as it recommended abandoning the copper coin. ...
    Penny is useless, Senate committee says- Toronto Star
    all 338 news articles »
  91. Arjun Badal pitches in for father


    Indian Express - 7 hours ago

    “No bayaanbaazi,” warns his father, but Arjun Singh Badal, son of ousted finance... minister Manpreet Singh, is steadfast in his ideas, a trait he probably
    Badal-brother meeting fails to bridge the gap- Times of India
    Manpreet promises to change Punjab- Indian Express
    all 3 news articles »


  92. Buy HDFC; target of Rs 720: IIFL


    Moneycontrol.com - 20 hours ago

    IIFL is bullish on Housing Development Finance Corporation (HDFC) and has recommended buy rating on the stock with a target of Rs 720 in its December 22, ...
    BOM:500010


  93. Gambling addiction spurred fraud: court documents


    Winnipeg Free Press - Mike McIntyre - 9 hours ago

    The 46-year-old former finance clerk is also accused of using the money to take nine friends on a trip to Hawaii and purchase a new car, which has now been ...
    Winnipeg hospital's cash allegedly gambled away- CBC.ca
    Province wants bank accounts frozen for woman accused in $1.5 ...- CTV.ca
    all 4 news articles »


  94. Government to spend over GH¢12 billion in 2011


    GhanaWeb - 1 hour ago

    A report issued by the Select Committee on Finance and Economic Planning presented by its chairman, Mr James Klutse Avedzi, said the bill was in accordance ...
  95. NIC Bank acquires Savings and Finance


    East African - 3 days ago

    The bank, which has acquired Savings and Finance, Tanzania, will invest in businesses in Dar es Salaam, Arusha and Mwanza. The NIC Bank Group, ...


  96. State board chastises Nassau Comptroller


    Newsday - Celeste Hadrick - 3 hours ago

    Ronald Stack, chairman of the Nassau Interim Finance Authority, interrupted the official agenda of the board's public meeting Tuesday, saying he was ...
    Nassau County, NY moves closer to state fiscal control- Reuters
    Mangano attempts to prevent state financial takeover- Newsday
    Timing of NIFA takeover key for Mangano- Newsday
    all 17 news articles »


  97. Commentary On The 2011 Ghana Budget Statement


    GhanaWeb - 1 hour ago

    Every year end, the Minister of Finance and Economic Planning outlines in ..... I think the Ministry of Finance needs to establish project monitoring and ...
  98. Radical reforms will deliver to both financial services and consumers


    Telegraph.co.uk - Mark Hoban - 2 days ago

    The CPMA will regulate the conduct of every financial services business, whether they trade on the high street or in high finance. It will be more proactive ...
    FSA Bonus Tiers, Street's 'Matchmaker', Citi Fined: Compliance- Bloomberg
    all 26 news articles »


  99. Sensex up 73 pts amid cautious trades


    Sify - 2 days ago

    Power Finance Corporation, IDFC, IDBI Bank, Asian Paints, United Spirits, GAIL India, ACC, Divi's Laboratories, JSW Steel, Educomp Solutions, SAIL, ...
    BSE Sensex may open down; Hero Honda eyed- Reuters India
    No negative impact seen on Hero Honda minority holders E Y- Moneycontrol.com
    all 271 news articles » BOM:500182


  100. Select few called 'bank'


    Herald Sun - Laim Walsh - 7 hours ago

    THE use of arguably the most prestigious and protected word in finance - "bank" - is under review. Small credit unions have been lobbying for changes, ...

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