Banks News Updates
Pakistan’s MCB Bank Says RBS Deal Lapses Over Share Dispute (Bloomberg)
3 January 2010
Jan. 4 (Bloomberg) -- MCB Bank Ltd., Pakistan’s biggest by market value, said its deal to acquire Royal Bank of Scotland Plc’s local unit lapsed because of a dispute over depositing shares as security.
Japan Air Jumps as Development Bank Doubles Credit (Update2) (Bloomberg)
3 January 2010
Jan. 4 (Bloomberg) -- Japan Airlines Corp. , Asia’s biggest carrier by sales, had a record jump in Tokyo trading after state-run Development Bank of Japan doubled a credit line to 200 billion yen ($2.2 billion), easing bankruptcy concerns.
CIMB Thai Bank Names Chakramon Phasukavanich As New Chairman (Nasdaq)
3 January 2010
BANGKOK -(Dow Jones)- CIMB Thai Bank PCL (CIMBT.TH) said Monday that its board has appointed Chakramon Phasukavanich, a former member of the Bank of Thailand's Monetary Policy Committee, as its new chairman, effective Jan. 1.
Beware of illegal foreign trading schemes: Bank Negara (Sin Chew Jit Poh)
3 January 2010
KUALA LUMPUR, Jan 4 (Bernama) -- Bank Negara Malaysia has advised the public to not participate in any illegal investment or training programme on foreign currency trading offered by individuals or companies.
S.Korea c.bank to unveil 2010 policy report Thurs (Reuters via Yahoo! Asia News)
3 January 2010
SEOUL, Jan 4 (Reuters) - South Korea's central bank said Monday it planned to release its 2010 monetary and credit policy report on Thursday, a day before its monthly interest rate review.
China must invest forex in resources -c.bank official (Reuters via Yahoo! Asia News)
3 January 2010
BEIJING, Jan 4 (Reuters) - China must invest its massive foreign exchange reserves in oil and other strategic resources as part of its drive to diversify away from dollar assets, a central bank official said in remarks published on Monday.
Japan Air Jumps as Development Bank Doubles Credit (Update1) (Bloomberg)
3 January 2010
Jan. 4 (Bloomberg) -- Japan Airlines Corp. , Asia’s biggest carrier, had a record jump in Tokyo trading after state-run Development Bank of Japan doubled a credit line, easing bankruptcy concerns.
Decrepit London landmark shows property pain - Realestateweb.co.za
3 January 2010
Decrepit London landmark shows property painRealestateweb.co.zaIn World War Two the central bank turned to Battersea to burn 120 million pounds of notes it had not had time to cancel as it introduced a new design ...
Japan Airlines shares soar on credit lifeline - Business Report
3 January 2010
Japan Airlines shares soar on credit lifelineBusiness Report... Naoto Kan agreed on the increased credit line from the state-backed Development Bank on Sunday, the day before the Tokyo market resumed trading. ...
On the Inauguration of Daiwa Securities Capital Markets - Earthtimes (press release)
3 January 2010
On the Inauguration of Daiwa Securities Capital MarketsEarthtimes (press release)As the wholesale arm of Daiwa Securities Group, the firm will continue to operate as an award winning investment bank that targets 'sustained growth based ...
Gold climbs as much as $8 an ounce on Globex - MarketWatch
3 January 2010
Gold climbs as much as $8 an ounce on GlobexMarketWatch"A strong Chinese economy would suggest increased consumer purchases of gold in the country, as well as possible future purchases by China's central bank," ...
Maeve Dineen: All eyes on NAMA as banks face into a year of living dangerously - Irish Independent
3 January 2010
Maeve Dineen: All eyes on NAMA as banks face into a year of living dangerouslyIrish IndependentBoth AIB and Bank of Ireland have lost about half their value since the Government announced last September that they face an average 30pc discount as ...
Kenya:Scramble to Beat Matatu Strike - AllAfrica.com
3 January 2010
Kenya:Scramble to Beat Matatu StrikeAllAfrica.comThose going to Nakuru paid as much as those travelling to Nairobi, and operators smiled all the way to the bank, pocketing Sh1,400 from every passenger, ...
Kenya:Malaria Still a Big Threat - AllAfrica.com
3 January 2010
Kenya:Malaria Still a Big ThreatAllAfrica.comEven though several donors, including the World Bank, Unicef and Unitaid, have pledged to step in, this threat has exposed the vulnerability of crucial ...