Mainland willing to facilitate cross-Straits currency exchange
Posted by: admin in Latest NewsMainland willing to facilitate cross-Straits currency exchange
Xinhua News Agency - Actually, Zhou said, many banking outlets on the west side of the Straits (the mainland) accept New Taiwan Dollar and quite a few institutions in Taiwan, such as tourism agencies, accept the yuan.
Banking hub: We should do more to be competitive
New Straits Times - RECENT reports have indicated that Singapore is accelerating efforts to secure a hub position in Islamic banking. In its recent budget, Singapore announced a five per cent concessionary tax rate for income derived from qualifying syariah-compliant
Royal Bank of Canada issues C$1 bln in notes
Reuters - The issue is expected to close on March 11 and proceeds will be used for general banking purposes. ($1=$0.98 Canadian) (Reporting by Lynne Olver;
World View: Toyota looks at helping Japan Inc take to the skies
Financial Times - Agricole ’s stance seems to confirm what is turning into a general “wait-and-see” attitude in the European banking sector. The current situation is still too confused and complex for any sensible bank to take the plunge and launch a bid on one
China central bank drains 100 bln yuan via 3-yr bills; yield unchanged
CNBC - BEIJING (XFN-ASIA) - The People’s Bank of China (PBoC) stated it drained 100 bln yuan from the banking system via the sale of three-year bank bills in open market operations today. The bank stated in a statement on its website that the yield on the paper
Times MPC panel wants interest rates kept on hold to keep inflation at
Times On the web - Geoffrey Dicks, UK economist for RBS Global Banking, said it was imperative that the Bank cut rates to 5 per cent as swiftly as possible to avoid deeper cuts in the future.
Boeing tanker loss shows everyone’s in the game now, so anyone can
Seattle Times - A 50-year investment by North Carolina nurtured the rise of Research Triangle Park, and favorable laws helped make Charlotte the nation’s second-largest banking center.
BASIS POINT-10 banks to arrange Babcock & Brown Power loan
Reuters - The banks are Australia & New Zealand Banking Corp (ANZ.AX: Quote , Profile , Research ), BNP Paribas (BNPP.PA: Quote , Profile , Research ), BOS International Australia (HBOS.L: Quote , Profile , Research ), Commonwealth Bank of Australia (CBA.AX: Quote ,
Home Democrats eye government mortgage buyouts bill
Washington Post - Senate Banking Committee Chairman Christopher Dodd in January proposed setting up a federal entity to spend billions of federal dollars buying faltering U.S. home loans at a discount to save distressed borrowers from foreclosure.
Optimistic about the stock market
CNN Money - That’s possible, but none of the evidence I’ve seen suggests that the total of likely losses will be huge enough, compared with the equity in the banking system, to create such a disaster-movie outcome.
Premier Wen delivers gov’t work report
Xinhua News Agency - BEIJING, March 5 (Xinhua) — China will continue deepening reform of the banking industry this year, with focuses on the introduction of a shareholding system in the Agriculture Bank of China and the reform of the China Development Bank
Banks warn chancellor against rushing reform
Financial Times - Banks have warned Alistair Darling of “unintended consequences” from rushing through proposed new banking laws and urged the chancellor to take more time to analyze the far-reaching rules. Angela Knight, chief executive of the British Bankers
House Democrats eye government mortgage buyouts
CNBC - Frank’s remarks came on the same day that Treasury Secretary Henry Paulson reiterated opposition to a government entity to buy distressed mortgages — an idea proposed by Senate Banking Committee Chairman Christopher Dodd.
Bill Would Insulate Mortgage Lenders
Washington Post - But it is the subject of one of the biggest lobbying battles in Annapolis in years, pitting the powerful state banking industry against Peter G.
Officially it’s “five days of exciting panel content and breathtaking parties”, unofficially it’s the biggest event of the software geek calendar. SXSW Interactive starts Friday in Austin, Texas and we’ll be hitting the ground tomorrow like some sort of invading army. 
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