Archive for March 9th, 2008

Stock & fund quotes
ninemsn - Fellow bond insurer, MBIA , added a more modest 3.4% after the company said on Thursday it was slicing 48 positions as it reorganises its structured finance insurance business.

The Fund of Non-Existent Projects
Kommersant - According to Russia’s IT and Communication Ministry, Russia’s Investment Fund of Information and Communication Technologies will finance the promising business projects of companies, which are unable to attract funds at the early stages.

Hospital and road financing squeezed by credit crunch
Times On the internet - Bonds issued to pay for infrastructure projects, built under the Government’s Private Finance Initiative (PFI), have become increasingly unattractive to investors because of their lower credit ratings.

Opening of SBI`s 10,000th branch hailed
Zee News - Puduvayal, March 09: The State Bank of India (SBI) belongs to the people of India, Finance Minister P Chidambaram said on Sunday while inaugurating the bank`s 10,000th branch in Puduvayal- making it the second in the world to have as many branches

Can Alistair Darling get the non-dom dog back on its leash?
Times On the internet - statement that Alistair Darling must make on Wednesday that will have more impact on Britain’s prosperity and the outlook for the public finances than any amount of tinkering with economic forecasts, corporate or personal tax rates and public finance

Islamic finance booming as oil soars
The Australian - THE market for Islamic finance and banking is growing rapidly in the oil-rich Gulf on the back of record oil prices. Studies have put the total value of Islamic equity funds in the Gulf region at around $US30 billion ($32 billion), said Khaled al

NZ taking part in cyber terrorist exorcise
MSN New Zealand - New Zealand will take part in a big war-game coordinated by the US Department of Homeland Security tomorrow. It will simulate a terrorist attack on strategic networks like power grids, telecommunications and finance, but they’re not using guns

Share market eyes steep fall
News.com.au - Monthly housing finance data and the ANZ job ads for February will be released tomorrow, monthly consumer sentiment data is published on Wednesday and on Thursday the monthly employment figures will be released.

Grand Forks County approves early voting project
Dickinson Press & Advertiser - GRAND FORKS, N.D. Grand Forks County commissioners have approved plans for an early voting site in the Alerus Center. Finance and Tax Director Debbie Nelson said it should help alleviate the chaos during what likely will be a hectic June election

CBRE Realty: current unrestricted cash position is $18.5 million
Forbes - SAN FRANCISCO (Thomson Financial) - CBRE Realty Finance Inc., responding to a drop in its share price over the past two days, said Friday its liquidity position ‘remains stable’ as a result of steps it has taken during the quarter to strengthen its

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Nokia Corporation
Newsday - Nokia Corp. on Friday announced a deal to sell handsets worth a total of $2 billion to China Postel during 2008, in the company’s largest market. The world’s No. 1 mobile phone maker said the deal includes the development of technological

Christian Hudson: Wall Street, D.C. developing ‘Halle Berry complex”
Santa Cruz Sentinel - What we shouldn’t lose sight of is whether we’re doing a good job of separating real victims from those who knowingly selected to gamble. Christian Hudson, a former Santa Cruz resident, practices finance and real estate law in Washington.

Spanish co scouting for PSB partner to form JV
Economic Times - The bank has chalked out a roadmap for India over the next three-four years, which involves foray into mutual funds followed by consumer finance, credit cards and later, life insurance.

Trump Jr. builds on roots
Chicago Tribune - Not too many people will write a check for $640 million; not too many bankers wanted to finance the largest condominium project in the U.S. With offices, we could state, “We have a long-term lease.

Credit woes drive HK stocks to worst wk in six years
Forbes - The selling isn’t being conducted on high volumes, so it should be relatively simple to stage a rebound next week,” stated Alex Wong, director at Ample Finance Group.

Islamic finance expands as wealth grows in oil-rich Gulf
Times of Oman - DUBAI –– The market for Islamic finance and banking is growing rapidly in the oil-rich Gulf thanks to burgeoning wealth and attractive financial instruments. Studies have put the total value of Islamic equity funds in the Gulf region at around 30

Finance Minister says Brazil GDP grew more than five percent in 2007
International Herald Tribune - SAO PAULO, Brazil : Latin America’s biggest economy grew more than 5 percent in 2007, boosted by high global demand for Brazilian ethanol, iron ore and agricultural products, as well as a booming domestic market, Finance Minister Guido Mantega said

Dollar Declines to Three-Year Low Against Yen Before U.S. Jobs
Bloomberg - Japan’s Finance Minister Fukushiro Nukaga stated he’s “carefully monitoring” currency markets and that “downside risks to the economy” are rising.

No mercy for homeowners
News.com.au - I really believe that all future lendings/finance advances should be under the complete control of the lender. If the lender grants a borrower to borrow more that the borrower can be reasonably expected to repay, then it is the lenders fault.

Ahead of the Bell: Consumer Credit
BusinessWeek - In the monthly report, the Fed measures revolving credit, primarily credit cards, and nonrevolving credit, used to finance automobiles, vacations and education, among other things.

Share market apt to open lower
News.com.au - Monthly housing finance data and the ANZ job ads for February will be released tomorrow, monthly consumer sentiment data is published on Wednesday and on Thursday the monthly employment figures will be released.

Nuance Names Dan Tempesta as Vice President, Finance
Forbes - Nuance Communications, Inc. (NASDAQ: NUAN), a leading provider of speech and imaging solutions, this day announced it has appointed Dan Tempesta to the newly created position of vice president, finance. Mr. Tempesta, formerly of Teradyne Inc., will

Crime pays for US prison companies
News.com.au - Rate pain: No mercy shown to struggling homeowners Washington: Crime pays for US prison companies Panic attack: Week of fear costs $114bn Child care: Groves sells entire stake in ABC Learning Fast moves: Huge banks go harder than RBA Property finance: City

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