Japan Looks to a Robot Future
Rapid City Journal - With more than a fifth of the population 65 or older, the country is banking on robots to replenish the work force and care for the elderly. In the past several years, the government has funded a plethora of robotics-related efforts, including some
Contract win adds to saga of booming South
Seattle Post Intelligencer - If anything the South’s economic improvement and significance has only increased since then, from its increasing prominence in auto manufacturing (Mercedes in Alabama being the latest) to its dominance in banking.
Australian Dollar Falls on Speculation Rate Increases to Pause
Bloomberg - The Aussie is taking a pretty massive hit,” stated Sean Callow, senior currency strategist at Westpac Banking Corp. in Singapore. “It’s a more dovish statement than we expected.
Jousting again at title loans
Memphis Commercial Appeal - Legislation that would mandate reasonable rates on car title loans, introduced in the Senate by Roy Herron, D-Dresden, and in the Home by Memphis Democrat Larry Turner, is pending before the Senate Commerce Committee and the House Utilities, Banking
German stocks - Factors to watch on March 4
Reuters - The past six months of turmoil in global credit markets exposes the limits of capital adequacy stipulations as the main tool in international banking regulation, Deutsche Bank CEO Josef Ackermann stated on Monday. [ID:nL0317657] Separately, India’s
Dollar Close to Record Low Versus Euro on Slumping U.S. Economy
Bloomberg - The Aussie is taking a pretty big hit,” stated Sean Callow, senior currency strategist at Westpac Banking Corp. in Singapore. “It’s a more dovish statement than we expected.
Australian shares close lower after interest rate hike - UPDATE
Forbes - National Australia Bank added 32 cents or 1.2 percent to 27.50 dollars and Australia and New Zealand Banking Group rose 51 cents or 2.4 percent to 21.44 dollars.
Standard Bank receives $5.5 billion equity investment
Nigeria Guardian - ICBC has more than 180 million personal banking customers and 2.5 million corporate banking customers. It has over 16 000 branches and outlets in the People’s Republic of China and almost 100 branches in the rest of the world.
JGB futures retreat from 1-mth high, hit by auction
Forbes - The coupon for the new 10-year bonds was set at 1.4 percent, the lowest since just before the Bank of Japan ended its super-loose monetary policy in March 2006 of flooding the banking system with funds to keep interest rates near zero.
Murthy inducted into HSBC board with emerging market focus
Stockhouse Canada - Global banking major HSBC Holdings Monday inducted Infosys founder N.R. Narayana Murthy as a non-executive director and strengthened its executive board after incurring a record $17.2 billion bad debt charge mainly due to the US sub-prime mortgage
Australia Forecasts Record Commodity Sales on China (Update4)
Bloomberg - The underlying demand from the economic growth of countries like China, India, Vietnam is probably going to continue for another two decades,” Saul Eslake, chief economist at Australia and New Zealand Banking Group Ltd., told reporters at the agency
GM gives Henderson large role
Detroit News - He was director of mortgage banking at General Motors Acceptance Corp., followed by a promotion to vice president of finance at GMAC. In 1994, he took over as head of operations at GM’s sprawling Automotive Components Group, the parts-making division
Rates rise `will hurt families’
News.com.au - The increase in rates appears to make the foreign investors (who have billions lent to the Banking sector) richer, particularly as US rates decline, those with cash investments (I recommend a small majority) with more to spent and those with out
Citi Hones Wealth Focus
Wall Street Journal - The investment-banking group, in the process of eliminating about 4,200 jobs, is prone to last more layoffs. Write to David Enrich at david.enrich@wsj.com
Profits slide at Close Brothers
Financial Times - Close Brothers stated on Monday it planned to continue to expand its current business as interim profits at the banking, corporate finance, asset management and securities trading group slumped following the unsuccessful completion of takeover speaks
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