Banks News Updates
Polish Bank Handlowy 2009 Net Profit Down 16% On Provisioning (Fox News)
17 March 2010
Polish Bank Handlowy 2009 Net Profit Down 16% On Provisioning...
Bank of Japan expands lending to fight deflation (AP via Yahoo! Finance)
17 March 2010
Japan's central bank is escalating the fight against deflation by offering more cheap loans to banks. In a split decision, the Bank of Japan's policy board decided Wednesday to double the amount available under its short-term lending program to 20 trillion yen from 10 trillion yen.
World Bank urges China to let currency rise (AFP via Yahoo! News)
17 March 2010
The World Bank on Wednesday urged China to let its currency rise to contain inflation and stop the economy overheating, predicting that growth will gallop ahead at 9.5 percent this year.
British Pound Takes Center Stage Ahead of Bank of England Minutes, Jobs Report (Daily FX via Yahoo! Finance)
17 March 2010
The British Pound may rise if the Bank of England is able to successfully convince the markets that it is truly shifted gears from an outright dovish posture to a wait-and-see approach with the release of minutes from the March meeting of the MPC.
Bank of Korea Successor May Tighten Government Links (Update3) (BusinessWeek)
16 March 2010
Kim Choong-soo, picked by South Korea’s government yesterday to take the central bank’s helm next month, may bolster coordination with political leaders resisting any move to raise interest rates.
World Bank Upgrades 2010 China Growth Forecasts (New York Times)
16 March 2010
The bank also recommended higher interest rates and a stronger currency for China, where rapid growth has led to rising inflation expectations.
World Bank tells China to tighten policy (Reuters via Yahoo! News)
16 March 2010
The World Bank raised its 2010 growth and inflation forecasts for China and recommended a tighter monetary policy as well as a stronger exchange rate to restrain inflation expectations and asset bubbles.
Israel's Fischer Said Likely to Take Second Term - BusinessWeek
17 March 2010
Israel's Fischer Said Likely to Take Second TermBusinessWeekMarch 17 (Bloomberg) -- Bank of Israel Governor Stanley Fischer is likely to agree to a second term after parliament overhauled the law ...and more »...
FTSE 100 set for higher open as Fed rates stay unchanged, commodities rise - Proactive Investors UK
17 March 2010
FTSE 100 set for higher open as Fed rates stay unchanged, commodities riseProactive Investors UKInvestors in the UK will be looking to the Bank of England minutes and unemployment data, which are due today. Bank HSBC (LSE: HSBA), ...and more »...
China's Growth Momentum Has Peaked, Li & Fung Says (Correct) - BusinessWeek
17 March 2010
China's Growth Momentum Has Peaked, Li & Fung Says (Correct)BusinessWeekChina's central bank has twice ordered lenders to set aside more deposits as reserves this year after the economy expanded 10.7 percent in the fourth ...and more »...
Oman says it will keep dollar peg - AME Info
17 March 2010
AME InfoOman says it will keep dollar pegAME InfoHamood Sangour Al Zadjali, Executive President of Oman's central bank, has said the Sultanate will continue to maintain its currency peg to the dollar, ...and more »...
Dubai allows Hindujas to offer full range of banking services - Business Standard
17 March 2010
Dubai allows Hindujas to offer full range of banking servicesBusiness StandardPTI / Dubai March 17, 2010, 13:22 IST The Dubai Financial Services Authority (DFSA) has upgraded the Hinduja Bank's licence, a move that will allow it to ...
PFC To Acquire 26% Stake In Indian Power Projects - RTT News
17 March 2010
PFC To Acquire 26% Stake In Indian Power ProjectsRTT News(RTTNews) - State-owned Power Finance Corporation Ltd., or PFC, Tuesday said it would pick up around 26% equity in power generation projects in the country, ...and more »...
UniCredit 2009 net beats f'cast, CEO defends revamp - Reuters
17 March 2010
UniCredit 2009 net beats f'cast, CEO defends revampReutersMILAN, March 17 (Reuters) - Italy's biggest bank UniCredit SpA (CRDI.MI) beat forecasts for 2009 net profit on Wednesday and returned to a ...and more »...