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China May Be Forced Into ‘Massive’ Bank Bailouts After Stimulus Friday, March 12, 2010 @ 5:11AMIn a “worst-case scenario,” losses from lending to local- government investment vehicles could climb to 2.4 trillion yuan ($350 billion) by 2011, Shen Minggao , Citigroup’s Hong Kong- based chief economist for greater China, said in a note today.
Air China to raise over US$950m in share issue Friday, March 12, 2010 @ 5:11AMSHANGHAI : Shares in Air China tumbled Friday after the nation's flag carrier said it plans to raise more than 950 million dollars through a private share placement to boost capital and lower financing costs.
UK home loans fall by half in January Friday, March 12, 2010 @ 5:09AMThe value of home mortgage advances in January fell by half from December, when there was a late rush to complete deals before a tax break ended at the New Year, the Council of Mortgage Lenders said Friday. The value of home mortgages in January was 4.7... Mortgage - Loan - Business - Financial services - Council of Mortgage Lenders
Reggie Middleton: It's Official: The US Housing Downturn Has Resumed in Earnest Friday, March 12, 2010 @ 5:01AMThe year 2009 was the year of reflation theories and bubble blowing. Theses of "Green Shoots", catching the bottom, and QE reigning supreme were...
Bank of Florida Corp. Records Deferred Tax Asset Valuation Allowance and Revises Fourth Quarter and Year-End 2009 ... Friday, March 12, 2010 @ 5:00AMNAPLES, Fla.----Bank of Florida Corporation announced that it has recorded a $38.8 million valuation allowance on its deferred tax assets for the quarter ended December 31, 2009. Consequently, the carrying value of the Company’s deferred tax asset has decreased by approximately the same amount.
China May Be Forced Into ‘Massive’ Bank Bailouts After Stimulus Friday, March 12, 2010 @ 4:58AMChina may be forced to bail out banks that made loans for local-government projects under the unprecedented stimulus program unleashed in 2008, according to Citigroup Inc. and Northwestern University’s Victor Shih.
University of Phoenix's flexible schedule appeals to Springfield students Friday, March 12, 2010 @ 4:56AMWhen Christopher Gilmartin of Mansfield was choosing a college to study business administration, he found the class schedule at traditional schools unappealing.
UK Home Loans Fall by Half in January Friday, March 12, 2010 @ 4:55AMUK lenders say home mortgage business fell by half in January Business - Mortgage - Financial Services - United States - January UK
S&P raises Ukraine's credit rating Friday, March 12, 2010 @ 4:54AMRatings agency Standard & Poor's has increased Ukraine's sovereign credit rating by one notch, saying reduced political risks after an election will help it raise money and access bailout loans.
Hamilton losing Siemens turbine jobs Friday, March 12, 2010 @ 4:54AMSiemens is moving its gas-turbine manufacturing business and 550 Hamilton jobs to North Carolina where it's not just the climate that's hot.
(AFX UK Focus) 2010-03-07 19:49 PRESS DIGEST-Australian Business News - March 8 Sunday, March 7, 2010 @ 1:56PMCompiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy. THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com) Petroleum company Royal Dutch Shell has made a takeover offer for Australian energy company Arrow Energy that is worth over A$3.3 billion. Arrow is rumoured to have cancelled a shareholder road show in ...
Federal Reserve Bank of Dallas issues 'Beige Book' report on economic conditions Sunday, March 7, 2010 @ 1:53PMEconomic activity improved further in the Eleventh District over the past six weeks. Firms across a wide range of industries continued to report slight increases in demand.
Qatar budget surplus seen at 12.1% of GDP Sunday, March 7, 2010 @ 1:50PMQatar’s budget surplus this year is expected to be more than 12% of gross domestic product (GDP), according to a top official of the Qatar Financial Centre (QFC).
Is yet another loan in store for Romania? Sunday, March 7, 2010 @ 1:43PMPresident Traian Basescu sparked new fears in the business and banking circles about the already gloomy economic outlook after suggesting that by the end of the year the country might get in the position to ask for a new financial aid.
KTM-SkyBus seamless service to LCCT Sunday, March 7, 2010 @ 12:13PMNATIONAL rail company KTM Bhd (KTMB) and bus operator to the low-cost carrier terminal (LCCT), SkyBus Ventures Sdn Bhd, has teamed up to provide seamless transportation for passengers heading for the air terminal from outside Kuala Lumpur.
Government finalises US$500m industry facility Friday, March 5, 2010 @ 9:29AMGOVERNEMNT is finalising modalities for the disbursement of US$500 million working capital facility earmarked for industry to raise productivity amid a chronic liquidity crunch sweeping across the economy.
Pemberton businesspeople and residents eye easier development planning Friday, March 5, 2010 @ 9:28AMPEMBERTON— A driving rainstorm may have limited attendance, but not enthusiasm at the second of a series of monthly Business Friendly meetings in the township last Tuesday.
Profit from the Euro-Crash Friday, March 5, 2010 @ 9:27AMA Skype window opens on my computer screen. I see Doug on his ranch in New Zealand. He looks serious. Doug : Lobo, there's a Greek fire burning in the Eurozone, and people should take immediate action, or they're going to get burned.
Recordati : 2009 Accounts Approved by the Board. Net Income Eur 110.6 Million. Dividend Per Share Eur 0.275 (+ 10%). Friday, March 5, 2010 @ 9:22AMMILAN--(Marketwire - 03/05/10) - - 2009 results: Consolidated revenue EUR 747.5 million (+8.4%), operating income (EBIT) EUR 162.2 million (+ 12.1%), net income EUR 110.6 million (+ 10.1%). - Dividend proposed: EUR 0.275 per share, an increase of 10.0% over the 2008 dividend. Overall dividend EUR 54.4 million. - Targets for 2010: Revenue around EUR 700 million, EBIT around EUR 140 million, Net ...
ALL BUSINESS: Banks expand small-business loans Friday, March 5, 2010 @ 9:21AMBanks know what the public wants to hear: They're lending money to the little guys.
ALL BUSINESS: Banks expand small-business loans Friday, March 5, 2010 @ 9:21AMBanks know what the public wants to hear: They're lending money to the little guys. JPMorgan Chase & Co.'s new ad campaign publicizes the bank's plans to lend $10 billion to small businesses this year.
H&R Block employee falsely uses customers’ identities Friday, March 5, 2010 @ 9:14AMH&R Block employee accused of fraudulently filing for loans went before Mingo County Magistrate Pam Newsome on Wednesday. Pamela K. West, of Red Jacket, waived her rights to a preliminary hearing ...
Deripaska Said to Pick Bank of China for SMR IPO (Update1) Friday, March 5, 2010 @ 9:11AMMarch 5 (Bloomberg) -- Billionaire Oleg Deripaska , whose United Co. Rusal became the first Russian company to sell shares in Hong Kong, picked the securities unit of Bank of China Ltd. to help manage the sale of mining company SMR, according to two people familiar with the plans.
Wall Street, Japan bank report push Asian shares up Friday, March 5, 2010 @ 9:05AMHONG KONG -A rise on Wall Street and reports that the Bank of Japan may further loosen monetary policy helped Asian shares higher Friday, ahead of the release of key US jobs data. Read more...
DOKUMENTATION/Einleitende Bemerkungen von -2- Thursday, March 4, 2010 @ 8:51AMDow Jones Newswires sendet im Anschluss die Einleitenden Bemerkungen des Präsidenten der Europäischen Zentralbank (EZB), Jean-Claude Trichet. "Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference.
Landbank remains 4th largest bank Thursday, March 4, 2010 @ 8:38AMLand Bank of the Philippines (Landbank), based on its latest bottomline, retained its ranking as the fourth largest commercial bank in the country in terms of assets, deposits, capital and loans, as of end-December.
Protecting the Public Ends Up Helping Markets: Susan Antilla Wednesday, March 3, 2010 @ 8:35PMIf you still believe that protecting consumers from lying creeps who peddle financial schlock is bad for business, you’ve been spending too much time playing video games since you lost your job in the Great American Meltdown.
Economic innovation starts at the root Wednesday, March 3, 2010 @ 8:33PMAmid the prolonged economic slump and deflationary environment, small and midsize companies, as well as micro-enterprises, have rapidly been losing vitality, especially in rural areas.
China Mobile Shares Fall on Pudong Bank Purchase Plan Concern Wednesday, March 3, 2010 @ 8:31PMMarch 4 (Bloomberg) -- China Mobile Ltd. shares fell in Hong Kong trading on concern the world’s biggest phone company by value is deviating from its main business by considering an investment in Shanghai Pudong Development Bank Co.
TEU Tertiary Update Vol 13 No 7 Wednesday, March 3, 2010 @ 8:24PMTertiary education minister Steven Joyce wants to cut the government's student loan bill by removing access to the scheme for students who fail or drop out.
Irish Life & Permanent posts losses of €196m Wednesday, March 3, 2010 @ 8:14PMIRISH Life & Permanent (IL&P) has reported a full-year operating loss of €196 million for 2009, a year after it posted an annual group profit of €341m.
Aust stocks marginally weaker Wednesday, March 3, 2010 @ 8:11PMThe Australian share market was marginally weaker at noon in a mixed trading session.
Bendigo matches RBA's rate hike Wednesday, March 3, 2010 @ 8:11PMBendigo and Adelaide Bank Ltd has followed the major banks and increased its variable home by 0.25%.
OCBC M’sia profit down on loan provisions Wednesday, March 3, 2010 @ 8:10PMPETALING JAYA: OCBC Bank (M) Bhd posted a marginal decline in net profit for the financial year ended Dec 31, 2009 compared with the previous year due to higher net loan provisions, as the previous ye...
Water main project begins in Troy Wednesday, March 3, 2010 @ 8:05PMBy Canda Harbaugh, The Western News A water main replacement project to stop 500,000-plus gallons of city-owned water from leaking into the ground on a daily basis got under way on Monday in Troy.
Prison time for Tomah brothers in bank fraud Wednesday, March 3, 2010 @ 8:04PMMADISON — Two Tomah brothers who defrauded two local banks of $2million while trying to keep their auto dealership afloat each weresentenced today in federal court to two years in prison and orderedto pay $1.42 million in restitution.
HSBC's top six get £38m pay bonanza Monday, March 1, 2010 @ 9:56PMHSBC has awarded its six top directors a £38 million (HK$444.42 million) pay and bonus bonanza, while reporting disappointing annual profits, cutting its dividend and telegraphing serious concerns for its businesses in the US and Europe.
Student wages battle over high price of textbooks Monday, March 1, 2010 @ 9:52PMWest Valley College student didn't just get mad about the prices of his textbooks. He got even.
Commercial lender CIT Group expects US$900M fourth-quarter loss, $4B for year Monday, March 1, 2010 @ 9:49PMNEW YORK - CIT Group Inc., a commercial lender forced into bankruptcy protection last year as customers fell behind on repaying loans, said Monday
Obama to sell stimulus package to a wary Savannah Monday, March 1, 2010 @ 9:48PMSAVANNAH, GA. -- To hear President Obama tell it, his plans for reshaping the nation's economy are aimed at helping people like Ray Gaster, whose small chain of lumberyards here has been walloped by the recession.
States may ban credit checks on job applicants Monday, March 1, 2010 @ 9:47PMANNAPOLIS, Md. (AP) — It's hard enough to find a job in this economy, and now some people are facing another hurdle: Potential employers are holding their credit histories against them.
Commercial lender CIT Group expects US$900M fourth-quarter loss, $4B for year Monday, March 1, 2010 @ 9:42PMNEW YORK - CIT Group Inc., a commercial lender forced into bankruptcy protection last year as customers fell behind on repaying loans, said Monday that it expects to report a loss of about US$900 million in the fourth quarter and about $4 billion for the year.
Allied Farmers shares slide Monday, March 1, 2010 @ 9:40PMShares in Allied Farmers have taken a tumble after the company yesterday announced its finance arm's first credit rating and shareholders digested a huge fall in asset value from the Hanover and United Future purchase.
Under new ownership, Eagle Creek could be ready in a year Monday, March 1, 2010 @ 9:37PMSPRINGFIELD — Although legal and logistical hurdles remain, a troubled state-owned resort on Lake Shelbyville could reopen within a year.
Dispensary opens in Stevensville area Monday, March 1, 2010 @ 9:34PMThe first medical marijuana dealer has opened in the Stevensville area. Tracy Moser opened John Stone Foundation three weeks ago and can sell medical marijuana to all legally-registered Montana patients.
BUSINESS BRIEFS 2/27/2010 Saturday, February 27, 2010 @ 6:38AMRetirement savings safeguards listed WASHINGTON - The Obama administration on Friday proposed new regulations aimed at protecting workers' retirement savings from unethical financial advisers. The safeguards would protect workers from conflicts of intere
A-B InBev may refinance $13 billion Saturday, February 27, 2010 @ 6:12AMST. LOUIS -- Anheuser-Busch InBev is talking to banks about refinancing $13 billion in loans, according to the St. Louis Business Journal.
AIG records $8.87B loss in fourth quarter Saturday, February 27, 2010 @ 6:07AMCHARLOTTE, N.C. — AIG said yesterday it lost $8.87 billion in the fourth quarter as its general insurance business remained weak and the company ran up expenses from paying back government loans.
Higher than expected credit result Friday, February 26, 2010 @ 2:01AMThe fall in business credit after the global downturn appears to have been arrested and credit is flowing again for housing and non housing loans, new data shows.
Senate inaction jeopardizes unemployment benefits Friday, February 26, 2010 @ 1:49AMThe Senate failed late Thursday to extend programs for laid-off workers, jeopardizing unemployment benefits scheduled to expire over the weekend.