Banks News Updates
Standard Bank Says Annual Earnings to Fall as Much as 25% (Bloomberg)
17 February 2010
Feb. 18 (Bloomberg) -- Standard Bank Group Ltd. said its annual headline earnings per share are expected to fall between 20 percent and 25 percent.
Japan Central Bank Keeps Interest Rate Unchanged (ABC News)
17 February 2010
Japan's central bank keeps key interest rate unchanged at 0.1 percent as expected Central bank - Interest rate - Business - Financial Services - Banking Services...
Gordhan Says Central Bank’s Inflation Target More Flexible (Bloomberg)
17 February 2010
Feb. 18 (Bloomberg) -- South African Finance Minister Pravin Gordhan said the way the central bank will target inflation has changed to take a more flexible approach than before so that it also considers growth.
Bank of Japan Holds Line on Rates (TheStreet.com)
17 February 2010
Japanese stocks were trading slightly higher Thursday after Japan's central bank kept rates steady and didn't offer any new policy steps.
Japan central bank keeps interest rate unchanged (AP via Yahoo! News)
17 February 2010
Japan's central bank held interest rates just above zero Thursday and held off on new policy steps, resisting growing government pressure to escalate the fight against deflation.
Economic Report: Bank of Japan keeps steady, offers no new steps (Market Watch)
17 February 2010
The Bank of Japan holds its key interest rate unchanged at 0.1% as widely expected, maintaining its overall economic view and not issuing any new policy initiatives, though it repeats its pledge to do all it can to pull Japan out of deflation.
Bank of Japan Maintains Dovish Posture, Hinting USDJPY Gains Ahead (Daily FX via Yahoo! Finance)
17 February 2010
The Bank of Japan voted unanimously to keep interest rates and government bond purchases unchanged at 0.10% and 1.8 trillion yen respectively, as expected. Policymakers said the economy was picking up but reiterated that downside risks remain and warned that the economy has not achieved self-sustained growth, with the pace of improvement to moderat...
Global financial crisis exacerbates poverty problem in Asia-Pacific - Manila Bulletin
18 February 2010
Global financial crisis exacerbates poverty problem in Asia-PacificManila BulletinThe global financial crisis could drag 21 million people in the Asia-Pacific region into extreme poverty, a United Nations and Asian Development Bank report ...
Potential bidders for S Korea's Daewoo draw mixed responses - Xinhua
18 February 2010
Potential bidders for S Korea's Daewoo draw mixed responsesXinhua... 1000 won (0.87 US dollar) higher than its previous bid and 2000 won higher than the main creditor Korea Development Bank (KDB)-proposed price. ...
Thailand to extradite Briton to UAE in fraud case - National
18 February 2010
Thailand to extradite Briton to UAE in fraud caseNationalMr Smith allegedly siphoned off other workers' salaries into his own bank account while working as a personnel manager at a Dubai property company, ...and more »...
Japanese Stocks Rise as Confidence Outweighs Recovery Concern - BusinessWeek
18 February 2010
Japanese Stocks Rise as Confidence Outweighs Recovery ConcernBusinessWeek15, as China took steps to reduce bank lending that fueled economic expansion and concern grew that Greece would be unable to repay debt. ...and more »...
Olbermann Still Playing the Race Card - Family Security Matters
18 February 2010
Family Security MattersOlbermann Still Playing the Race CardFamily Security MattersHypocrisy aside, Olbermann must be laughing at Zucker and the other suits all the way to the bank. The last laugh is on them. Olbermann tried showing ...and more »...
Inflation rate to be moderate in next 2 months: Mukherjee - South Asia Mail
18 February 2010
South Asia MailInflation rate to be moderate in next 2 months: MukherjeeSouth Asia MailReserve Bank of India also raised its projected annual inflation rate at the end of this fiscal to 8.5 percent from 6.5 percent. ...and more »...
Greece says not seeking EU taxpayers' money - Balkans.com Business News
18 February 2010
Greece says not seeking EU taxpayers' moneyBalkans.com Business NewsShe was referring to disclosures that US investment bank Goldman Sachs arranged a derivatives deal for the Greek government in 2001 that enabled it to ...and more »...