Banks News Updates
Commonwealth Bank Reduces Euro Forecasts on Slowing Recovery (Bloomberg)
19 January 2010
Jan. 20 (Bloomberg) -- Commonwealth Bank of Australia cut its forecasts for the euro against the dollar, saying the 16- nation region’s economic recovery is waning.
Rosneft, Oil Stocks Cut at Deutsche Bank on New Valuation, Oil (Bloomberg)
19 January 2010
Jan. 20 (Bloomberg) -- OAO Rosneft and OAO Lukoil, Russia’s largest oil producers, were among six companies downgraded at Deutsche Bank AG on a new valuation methodology that led to reductions in price estimates.
I&M Bank Gets License From Visa to Process Online Card Payments (Bloomberg)
19 January 2010
Jan. 20 (Bloomberg) -- I&M Bank Ltd., a Kenyan lender, has received a license from Visa Inc. to process online credit card payments for the sale of goods and services from retailers in East Africa, Suprio Gupta, general manager of marketing, told reporters today in the capital, Nairobi.
India’s Bonds Little Changed as Central Bank May Raise Rates (Bloomberg)
19 January 2010
Jan. 20 (Bloomberg) -- Indian 10-year bonds were little changed as investors refrained from adding to their positions amid speculation the central bank will raise interest rates next week to curb inflation.
British Pound Volatility Ahead on Bank of England Minutes, Unemployment Data (Daily FX via Yahoo! Finance)
19 January 2010
The British Pound may turn volatile as the Bank of England releases the minutes from its last policy meeting amid conflicting cues about the direction of monetary policy while December’s jobless claims figures point to a cautiously firming labor market.
UPDATE: Bank Of America-Merrill Lynch Australia Hires RBS Staff - Source (Fox News)
19 January 2010
UPDATE: Bank Of America-Merrill Lynch Australia Hires RBS Staff - Source...
Bank chief renews deficit warning (BBC News)
19 January 2010
The governor of the Bank of England renews his warning to the government that it must cut the public deficit.
Sensex up 40 pts @ 13:12 hrs - Sify
19 January 2010
Sensex up 40 pts @ 13:12 hrsSifyJindal Steel, ABB, Punjab National Bank, HCL Technologies and Cipla are among the other prominent gainers. Gujarat State Fertilizers is up nearly 4% on ...
Greipel takes firm grip on Tour - sportal.com.au
19 January 2010
Greipel takes firm grip on Toursportal.com.auGraeme Brown (Rabobank), Allan Davis (Astana) and Team Saxo Bank's Baden Cook were other Australians to finish in the top 10. UniSA's David Kemp claimed the ...
Desperation grows amid quake aid logjam - BreakingNews.ie
19 January 2010
Desperation grows amid quake aid logjamBreakingNews.ie“This is a miracle,” said one of her sons, bank clerk Joseph Josner. Those who survived the quake from the beginning but had lost their homes and ...
NY financiers to reap $64 billion in bonuses in 2010 - U.S. Daily (press release) (subscription)
19 January 2010
NY financiers to reap $64 billion in bonuses in 2010U.S. Daily (press release) (subscription)By Reuters Four thousand US dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. ...
Global slide in '09 economic freedom holds risks - KUAR
19 January 2010
Global slide in '09 economic freedom holds risksKUARSingapore retained its second-place ranking, despite a relatively poor score in the financial freedoms category as a result of its bank restrictions.
Gold still on a feverish pitch - Moneycontrol.com
19 January 2010
Gold still on a feverish pitchMoneycontrol.comHowever, India took markets by surprise when it announced in early November that the Reserve Bank of India was buying 200 tonnes of the IMF gold, ...
Bank of Canada puzzles observers - Financial Post
19 January 2010
Bank of Canada puzzles observersFinancial PostYet amid all this, the Bank of Canada exhibits reservations. In its latest statement on interest-rate policy, the central bank yesterday mapped out some of ...