Just in:  

You are here: Home»Business»Banking & Finance

Banking & Finance


Indonesia's central bank seen holding rates steady on Thursday JAKARTA: Indonesia's central bank is expected to keep its benchmark reference rate on hold at its policy meeting on Thursday, as the country's large current-account deficit is narrowing on lower imports, a Reuters poll showed.All but one analyst surveyed expected the key reference rate would be held at 7.50 percent, for the third consecutive month, after hefty rate hikes of 175 basis points between June and November.Southeast Asia's largest economy remains vulnerable to portfolio funds selling the rupiah and the country's bonds as capital flows out of emerging economies spurred by tapering in US stimulus.The poll also estimated that the bank will leave the deposit facility rate, or FASBI, and lending facility rate unchanged at 5.75 percent and 7.50 percent, respectively. Copyright Reuters, 2014 ...

NGO challenges $13bn JPMorgan Chase settlement NEW YORK: A non-profit group filed suit Monday over a record $13 billion settlement between the US Justice Department and JPMorgan Chase concerning high-risk mortgage securities it sold ahead of the housing bust.Better Markets, an NGO that advocates for US financial market reform, filed suit in a federal court in Washington, asking for judicial review of what it called an "unprecedented" agreement, demanding an injunction to prevent its enforcement until then."This contract was the product ...
ANZ Q1 cash profit up 13pc, helped by Asia growth SYDNEY: Australia New Zealand Banking Group Ltd, Australia's third-largest bank by market value, on Tuesday reported a 13 percent rise in first-quarter cash profit, slightly ahead of analyst forecasts.ANZ reported a cash profit of A$1.73 billion for the three months to December, up from A$1.53 billion a year earlier, bolstered by double-digit growth in its institutional banking business in Singapore, China and Hong Kong.Two analysts had forecast cash profit would climb to A$1.70 billion.While banks ...
Deutsche Bank cuts Europe ETF prices to win institutional business FRANKFURT: Deutsche Bank will cut commissions on four of its biggest European exchange-traded funds, or ETFs, in a move to take market share from rivals such as Vanguard and BlackRock and win over big institutional investors. Deutsche Asset & Wealth Management (DAWM) aims to increase its German ETF market share to 20 percent from 12.5 percent by the end of 2015 and has rebuilt some of its most successful ETFs to hold shares rather than ...
Monte Paschi foundation in talks with Qatar on stake sale: report MILAN: The Qatar sovereign fund is in talks with the main shareholder of Banca Monte dei Paschi di Siena to buy a 15-20 percent stake in the troubled Italian lender ahead of its much-awaited rights issue, daily Il Messaggero said on Saturday.Loss-making Monte dei Paschi, which received 4.1 billion euros ($5.58 billion) of state aid last year after being hit by the sovereign debt crisis and a derivatives scandal, is looking to raise 3 billion ...
UniCredit vows 600m euros for Italian farmers MILAN: Italy's UniCredit said on Friday it would lend up to 600 million euros ($817 million) to agricultural companies in the country to boost investments in a sector that generates 35 billion euros of exports each year. The loans will have a six-year duration, the lender said in a statement. The Gestione Fondi per l'Agroalimentare, a public authority that supports funding for farmers, will cover potential losses for up to 5 percent of the total ...
ECB funding to Italian banks fell in January MILAN: Overall funding from the European Central Bank to Italian banks fell to 223.7 billion euros ($304 billion) in January from 235.9 billion euros in December, the Bank of Italy said, as lenders returned 13 billion euros they had borrowed at ECB main refinancing operations. Reliance on longer-term funding grew marginally to 214.5 billion euros last month, from 213.7 billion euros in December, the central bank said. Copyright Reuters, 2014 ...


Index Closing Chg%
Arrow DJIA 17,751.39 0.69
Arrow Nasdaq 5,111.73 0.44
Arrow S&P 2,108.57 0.73
Arrow FTSE 6,631.00 1.16
Arrow DAX 11,211.85 0.34
Arrow CAC-40 5,017.44 0.81
Arrow Nikkei 20,302.91 0.13
Arrow H.Seng 24,619.45 0.47
Arrow Sensex 27,563.43 0.38

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln