Loving the fine art of finance
Fort Lauderdale Sun-Sentinel - Kenneth Binger intended to be a lawyer, but after working with numbers, got hooked on finance. “It’s all about helping people and showing them how to reach and succeed,” he said. Binger is BankAtlantic ’s president of its Palm Beach and Treasure
Sensex tumbles 684 pts at mid-session
Hindustan Times - Meanwhile, unperturbed over fall in the stock markets, Finance Minister P Chidambaram today said the downslide reflected happenings in the world market.
Dollar Falls to 3-Year Low on Speculation Debt Losses to Spread
Bloomberg - Japanese consumer finance firm Takefuji Corp. said today it may report losses of as much as 30 billion yen ($289 million) on subprime-related derivatives transactions.
RPT-GLOBAL MARKETS WEEKAHEAD-Dollar decline to dominate
Reuters - Key meetings of European Union finance ministers and European Central Bank interest-rate setters are expected to do tiny to shift the status quo, while the U.S.
The Federal Reserve’s rescue has failed
Daily Telegraph - As the once unthinkable unfolds, the leaders of global finance dither. The Europeans are frozen in the headlights: trembling before a false inflation; cowed by an atavistic Bundesbank; waiting passively for the Atlantic storm to hit.
Germany to push for tighter EU tax rules-paper
Forbes - BERLIN, March 3 (Reuters) - German Finance Minister Peer Steinbrueck wants to tighten EU rules to force tax havens such as Liechtenstein, Monaco, Andorra and Switzerland to cooperate fully with neighbouring countries, a German newspaper reported
Market Chatter — Corporate finance press digest
Reuters - LONDON, March 3 (Reuters) - The following corporate finance-related stories involving U.S. and European companies were reported by media over the weekend and Monday: ** Russian miner and steel maker Mechel (MTL.N: Quote , Profile , Research ) MTLR
ITC Shares Drop After India Increases Cigarette Tax (Update1)
Bloomberg - March 3 (Bloomberg) — ITC Ltd., India’s biggest tobacco company, fell the most in three weeks in Bombay trading after the government increased cigarette taxes. India’s Finance Minister Palaniappan Chidambaram on Feb. 29 raised the excise tax on non
What they said
Miami Herald - Business Monday | National | International | Personal Finance | Technology | Small Business | Friday Business Report They get run off the beach because they can’t afford to pay the tax.” — Jim Overton , Duval County property appraiser, on
Budapest shares TFN at a glance outlook
CNBC - Allianz Bank plans to double its 53,000 household clients in Hungary this year, says local deputy CEO Gabor Hegyi (Vilaggazdasag) -Austrian think tank WIIW sees 3 pct GDP growth in Hungary this year, compared to 2.8 pct seen by Hungary’s finance
China sees limited hit to exports from subprime woes
Reuters South Africa - BEIJING (Reuters) - U.S. subprime woes will have only a limited impact on Chinese exports but the government will pay close attention to the fallout of the crisis, Commerce Minister Chen Deming said on Monday. He said exports would keep growing this
HSBC Net Rises 21% in 2007 as Asian Lending Offsets U.S. Losses
Bloomberg - March 3 (Bloomberg) — HSBC Holdings Plc, Europe’s biggest bank by market value, stated profit rose 21 percent last year as emerging-market lending made up for subprime losses in the U.S. Net income increased to $19.1 billion, or $1.63 a share, from
Barclays buys Russian Expobank
Daily Telegraph - Barclays stated that it expected the deal, struck with Expobank’s current owner Petropavlovsk Finance, to generate profit and a return on investment “significantly” above the cost of equity by 2011.
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