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.
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