Archive for the “Today News” Category
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Islamic banking ‘in its infancy’ - Turkish Daily News
As the U.S.-based credit crunch affects economies worldwide, there is a growing interest toward so-called “Islamic finance,” known by its strict prohibition of interest (riba) and “making money from money.” The growing Islamic finance pie
Celebrity news - Daily Telegraph
Jodie Prenger, one of three West End hopefuls battling to play Nancy in a new production of Oliver! has been told she’s “too big” for the part. A behind-the-scenes film of Marilyn Monroe and Clark Gable on the set of their last feature film The
SocGen replaces investment bank chief Mustier - Boston Globe
PARIS (Reuters) - The top executive at Societe Generale’s investment banking unit, Jean-Pierre Mustier, is being replaced in the wake of the French bank’s rogue trading scandal. Societe Generale stated on Friday in a statement that it was
China Banking Regulatory Commission offers to sign MoU with Taiwan - CNBC
TAIPEI (XFN-ASIA) - The China Banking Regulatory Commission has offered to sign a memorandum of understanding on joint supervision with Taiwan, the Economic Daily News reported, citing an unnamed senior official of Taiwan’s financial regulator, the
TEXT-Fitch rtgs to kick-start 08 Global Banking Conf next Tues - Reuters India
Might 29 - Fitch Ratings will kickstart the Asian leg of its annual Global Banking Conference in Beijing next tuesday on 3 June 2008, followed by Tokyo on 4 June, Singapore on 5 June, and Mumbai on 6 June. Experts from Fitch’s financial institutions
Bank profits fall nearly 46 percent in Q1 - MSN MoneyCentral
WASHINGTON (AP) - Federal regulators say banking industry profits were almost halved in the first quarter, reflecting slumps in housing and credit markets. Federal Deposit Insurance Corp. data show the nation’s federally insured banks and savings
Banks counting on consumers to boost profits - Globe and Mail
Canada’s banks will lean heavily on consumer and commercial banking to prop up profits this year, while the investment banking side of the business remakes itself. The big six banks each released second-quarter financial results this week, and the
Credit where it’s overdue - Boston Globe
REGULATORS AND elected officials are starting to circle the credit card companies, and not a moment too soon. The Federal Reserve reports that credit card debt rose more than 7 percent last month, on top of the already burdensome average of $8,000
NEWSMAKER-Teflon Trichet rules as the ECB turns 10 - Forbes
PARIS, May 30 (Reuters) - Jean-Claude Trichet looks so much at home as head of the European Central Bank that it is hard to envision it once looked as if he might not get the job, notably when he went on trial over a French banking scandal. As the ECB
Gates: Obstructed efforts in Myanmar cost lives - Miami Herald
U.S. Defense Secretary Robert Gates talks at the annual Shangri-la conference on international security Saturday, Might 31, 2008 in Singapore. Myanmar’s obstruction of international efforts to help cyclone victims cost “tens of thousands of lives,” he
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France Telecom taps banks for large bid loan-sources - Guardian Unlimited
LONDON/PARIS, Might 29 (Reuters) - France Telecom has approached banks seeking to arrange a 10 billion euro ($15.6 billion) loan facility to finance an unspecified acquisition, banking sources told Reuters on Thursday. One banker whose bank had been
Ocean Tomo to Auction Online, Mobile Commerce, Banking and Financial - Forbes
Ocean Tomo Auctions this day announced that it will offer for sale several Lots of patents relating to On the internet & Mobile Commerce and Banking & Financial Services technologies at The Ocean Tomo 2008 European Live IP Auction on 26th June at The Grand Hotel
Kass: I’m Putting My Money in the Banks - Street.Com
This blog post originally appeared on RealMoney Silver on Might 29 at 11:08 a.m. EDT. I have been an outspoken bear on bank stocks since 2005. (Just ask Jim “El Capitan” Cramer !) In the 2005-2007 interim, I was short many of the major money center
Analyst states banks stocks are still too pricey - CNN Money
NEW YORK (Associated Press) - Investors that can short large-cap bank stocks should do so, and those with long-term positions should reduce exposure to the sector, a Sterne Agee analyst wrote Thursday in a research note. Analyst Sean Ryan put a
Teradata Implements Financial Services Enterprise Data Warehouse at - MSN MoneyCentral
Teradata Corporation TDC , the global leader in enterprise data warehousing, this day announced that the Teradata Enterprise Data Warehouse (EDW) built for Industrial and Commercial Bank of China (ICBC, SSE: 601398; HKSE: 1398), one of the largest banks
TFN NEWS BRIEFING: Banking and insurance highlights to 15:45 BST - Forbes
and diverse sources of revenues and earnings. Neither the Subscriber nor Thomson Financial News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses
Royal Bank, National Profits Decline; CIBC Posts Loss (Update1) - Bloomberg
May 29 (Bloomberg) — Royal Bank of Canada and National Bank of Canada reported profit declines as writedowns on subprime debt overshadowed higher revenue from consumer banking and insurance. Royal Bank, the largest lender, stated profit in the three
Ruby Tuesday Names Rockwell Its Finance VP - MSN MoneyCentral
Ruby Tuesday, Inc. RT announced this day that Steve Rockwell, a Wall Street veteran with more than 25 years of experience in financial analysis and management, has been named its Vice President of Finance. Rockwell will direct investor relations
S&P ups Intuit’s ratings, says outlook is stable - CNBC
NEW YORK (AP) - Standard & Poor’s Ratings Services said Thursday it raised its ratings for Intuit Inc. on the financial software company’s successful integration of online banking company Digital Insight Corp. Intuit completed its acquisition of
Royal Bank, National Profits Drop on Writedowns; CIBC Has Loss - Bloomberg
May 29 (Bloomberg) — Royal Bank of Canada and National Bank of Canada reported profit declines as writedowns on subprime debt overshadowed higher revenue from consumer banking and insurance. Royal Bank, the largest lender, stated profit in the three
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JK Rowling pens secret Harry Potter prequel - News.com.au
BILLIONAIRE author JK Rowling has written a secret prequel to the Harry Potter series, which is to be sold at auction next month to raise money for charity. The successful writer of the Potter books - which have become blockbuster movies - answered a
UK is in ‘consumer recession’, retail boss warns - Daily Telegraph
The UK is now in the midst of a “consumer recession”, according to the chief executive of Blacks Leisure, the outdoor equipment retailer. As Britons are hit by the rising cost of living and fears over the health of the housing market, they are
Man Group - Record Results in Turbulent Markets - MSN MoneyCentral
LONDON, Might 29 /PRNewswire-FirstCall/ — Man Group CEO Peter Clarke and FD Kevin Hayes interviewed on http://www.cantos.com about record-breaking results for 2007-08 which saw pre-tax profits of over $2bn generated and assets under management up 21
Investigators seek to wind up Olmert case quickly - USA Today
Israel was rocked this week by the explosive testimony of a key witness, U.S. businessman Morris Talansky, who stated he gave Olmert $150,000 (euro95,000) of his own money over the years, in addition to unspecified sums from other donors.
Govt may decide on fuel price hike this day - Hindustan Times
The government is likely to take a decision on Thursday, on raising fuel prices and compensation package for the oil PSUs. Petroleum Minister Murli Deora is apt to meet Prime Minister Manmohan Singh on Thursday afternoon and if the PM concurs, the
Stocks set to push higher - CNN Money
LONDON (CNNMoney.com) — U.S. stock futures rose Thursday, lifted by a retreat in oil prices, as investors awaited a revised reading on U.S. economic growth. At 5:01 a.m. ET, Nasdaq and S&P futures were higher and suggesting and positive start on
ABC, CBS, NBC plan joint cancer telethon - Digital Spy
Rival US networks ABC, CBS and NBC are planning an unprecedented link-up to raise money for cancer research. All three will simultaneously broadcast a one-hour telethon show on September 5 featuring appearances from pop acts and celebrities, with
Businessman testifies that he gave cash to Olmert - San Francisco Gate
An American businessman told prosecutors Tuesday that he handed cash-stuffed envelopes to Israeli Prime Minister Ehud Olmert and suspected that some of the money went to funding Olmert’s fondness for fine hotels and first-class flights. Jewish
Dow Jones Factiva Adds Alert Widgets - MSN MoneyCentral
For First Time, Customers Can “Point, Click and Publish” Relevant and Targeted News From Leading News Sources Such as The Wall Street Journal and Dow Jones Newswires NEW YORK, May 29 /PRNewswire/ — Dow Jones & Company this day introduced new alert
Everyone Wants A Piece Of Alnylam - Forbes
Alnylam Pharmaceuticals may not have been a favorite with investors today, but analysts seem to think the company is on the right track after signing a deal with Takeda Pharmaceuticals. The Cambridge, Mass.-based biotech has inked a deal with Japan’s
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Get a grip on your debt, before debt grips you - Financial Post
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A bitter defeat - Baltimore Sun
FOXBOROUGH, Mass. - Sometimes disappointment is best expressed with something other than words. Sometimes faces do a far better job of telling the story. To look at the faces of the Johns Hopkins lacrosse team yesterday was to comprehend just how
Official: Suu Kyi’s detention extended - FOX News
A government official stated that Suu Kyi’s detention was officially extended Tuesday afternoon. The official spoke on condition of anonymity because he’s not authorized to speak to the media. It wasn’t immediately clear if the extension was for six
Officials in China Rush to Evacuate 80,000 - ABC News
In this pic released by China’s Xinhua news bureau, excavators work at Tangjiashan lake in In this photo released by China’s Xinhua news agency, excavators work at Tangjiashan lake in Beichuan County, southwest China’s Sichuan Province, Monday
Polish monetary policymakers voted unanimously for rate rise in March - Forbes
WARSAW (Thomson Financial) - All 10 members of the Polish central bank’s Monetary Policy Council voted to raise interest rates by a quarter percentage point at the meeting in March, PAP newswire reported on Tuesday, citing voting records in a
BASF signs research contract with Taiwanese institute on rice, corn - Forbes
LIMBURGERHOF, Germany (Thomson Financial) - BASF SE. said it has entered into a research cooperation with Taiwan’s Academia Sinica to jointly discover genes that increase yield and improve stress tolerance in major crops such as rice and corn. As
Tax breaks, redesigns try to lure NYC businesses - Kansas City Star
Dangling millions of dollars - sometimes billions - in incentives to big companies to become part of the latest megaproject is often the cost of doing business in the city’s development market. But the lure of huge business reached a new level when a
Precious Metals Summary - London AM Fixings - CNBC
LONDON (Thomson Financial) - Gold 923.75 USD 1.9774 923.80 USD overnight Gold 467.15 STG 466.24 STG overnight Silver 18.14 USD 18.10 USD overnight Silver 917.37 pence 913.49 pence overnight Platinum 2175.00 USD 2174.00 USD overnight Platinum 1099.93
Dallas investor Rowling to buy chunk of Guaranty - Houston Chronicle
The parent company of Guaranty Bank, which has 10 locations in the Houston area, is set to receive a $38.4 million cash infusion in the form of a stock buy by investor Robert Rowling. Rowling, through TRT Financial Holdings, and Austin-based
Futures dip as oil caution offsets deal news - CNBC
NEW YORK (Reuters) - Standard & Poor’s 500 stock index futures dipped on Tuesday after Wall Street’s worst week in three months as concerns about a further rise in oil prices overshadowed optimism about a potential bid in the beverage sector
Bosnia says to sign first EU pact on June 16 - International Herald Tribune
SARAJEVO : Bosnia will sign its first pact on closer ties with the European Union on June 16, Prime Minister Nikola Spiric said on Tuesday on his return from Brussels. The signing of the Stabilisation and Association Agreement, the first step towards
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South Africa: Finance Bill 'May Breach Privacy Rights' - AllAfrica.com
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News in Brief - Ha’aretz
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Nepali Finance Minister accuses UN body of being helpless - Xinhua
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Dodd Optimistic About Housing Deal - Wall Street Journal
WASHINGTON — Senate Banking Committee Chairman Christopher Dodd (D., Conn.) stated Friday he was cautiously optimistic lawmakers could finalize a housing rescue package by next week. “We’re not there yet,” he said in an interview. “We’re pretty close
Elkhart: Ad agency lauded by banking group - Elkhart Truth
ELKHART — The Indiana Bankers Association has recognized Todd Allen Design for the campaign it developed for First Say Bank, headquartered in Middlebury. The ad bureau was presented with two Maxi awards for the campaign that included four full
Citigroup looking into selling its retail banking business in Germany - International Herald Tribune
NEW YORK : Citigroup Inc. recommended Friday that it is considering a sale of its German retail bank. As part of CEO Vikram Pandit’s review of Citi’s various businesses around the world, the company is ” a variety of options for our retail banking
Banking group Mizuho sees 50 percent profit drop - Seattle Post Intelligencer
People walk by a corporate sign of Mizuho Financial Group Inc. in Tokyo, Japan, Thursday, May 15, 2008. Mizuho, Japan’s No. 2 banking group, took a beating from the U.S. credit problems, reporting on Thursday a 50 percent drop in profit for the
Credit crunch downturn costs Barclays $2B - CNN
Bank surprisingly didn’t announce a rights issue to raise more capital Next Article in World Business » LONDON, England (AP) — Barclays has revealed that its investment banking unit lost £1 billion ($1.94 billion) in the first quarter of 2008 due
Moving abroad: Banking - This is Money
Accessing your money for free in Europe using your normal current account is made markedly easier if you still have financial interests in the UK, for example, you still own property here. A Nationwide current account is a popular choice for regular
Westpac chief Gail Kelly is the woman to tame St George - News.com.au
IT WAS January 2006 and Stephen Heavey had just completed his first day on the job as the new general manager of specialist distribution at St George. He was watching the news in his hotel room when the phone call came. “There was this woman on the
Australia’s St George open to more bids-newspaper - Reuters
SYDNEY, May 17 (Reuters) - St George Bank (SGB.AX: Quote , Profile , Research ), whose board has suggested a $17.6 billion bid from Westpac Banking Corp Ltd (WBC.AX: Quote , Profile , Research ) in Australia’s biggest banking takeover in corporate
UPDATE: Bank Of America CEO Sees More Consolidation - CNN Money
CHARLOTTE (AP)–The head of the nation’s largest consumer bank stated Thursday the country’s economic downturn will accelerate consolidation across the banking industry. But Bank of America Corp. (BAC) Chief Executive Ken Lewis said he doesn’t expect a
Major Greek unions strike to protest privatization - World Socialist Web Site
The two largest unions in Greece organized strikes on Thursday, May 15, of workers in telecommunications, banking and transportation. The national actions were called to protest government plans to effectively privatize OTE, the Hellenic
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