finance industry

Chinese are 8 years older than real age


May 17th, 2012 - 9:43 pm ICT by IANS
Beijing, May 17 (IANS) A survey in China has found the Chinese are ageing faster. An average Chinese is 8.2 years older than his or her real age while ... Read more...

Posted in Uncategorized |

Bangladesh banker favours micro-finance regulation


May 9th, 2012 - 12:21 am ICT by IANS
Kolkata, May 8 (IANS) Bangladesh Bank Governor Atiur Rahman Tuesday emphasised the need for strong regulation for monitoring micro-finance institutions."We are striving to maintain the right balance of ensuring that ... Read more...

Posted in South Asia |

Micro finance institutions must be regulated: Kaushik Basu


November 26th, 2010 - 6:51 pm ICT by IANS
New Delhi, Nov 26 (IANS) Micro finance institutions must be regulated to protect the interests of vulnerable borrowers and ensure growth of the industry, said Kaushik Basu, chief economic advisor of ... Read more...

Posted in Business |

Regulations for micro finance industry soon


November 23rd, 2010 - 9:49 pm ICT by IANS
New Delhi, Nov 23 (IANS) The government will soon introduce a bill in parliament aimed at regulating micro finance institutions, Minister of State for Finance Namo Narain Meena said Tuesday."The Department ... Read more...

Posted in Business |

Obama appoints consumer protection advocate


September 18th, 2010 - 1:21 am ICT by IANS
Washington, Sep 17 (DPA) US President Barack Obama Friday named a Wall Street critic to oversee the creation of a new consumer protection agency. Obama appointed Elizabeth Warren, 61, to serve as ... Read more...

Posted in Business |

Fear of ‘flood aid embezzlement’ behind international donors’ reluctance: Pak analyst


September 9th, 2010 - 3:09 pm ICT by ANI
Lahore, Sept 9 (ANI): The international community is reluctant to dole out aid to flood survivors in Pakistan over fears that the funds donated for the purpose might be embezzled, said the ... Read more...

Posted in South Asia |

P.J. Thomas appointed Central Vigilance Commissioner


September 7th, 2010 - 6:55 pm ICT by ANI
New Delhi, Sep 7 (ANI): President Pratibha Devisingh Patil on Tuesday appointed former Telecom Secretary P.J. Thomas as India's 14th Central Vigilance Commissioner.Thomas was sworn in at a ceremony at Rashtrapati ... Read more...

Posted in National |

US government moves closer to sale of Citigroup shares


April 26th, 2010 - 11:56 pm ICT by IANS
Washington, April 26 (DPA) The US government moved one step closer Monday to selling its 27-percent stake in bailed-out financial giant Citigroup, saying it would soon offer 1.5 billion shares to ... Read more...

Posted in Business |

Barack Obama instructs Wall Street


April 23rd, 2010 - 8:36 pm ICT by Pen Men At Work
April 23, 2010 (Pen Men at Work): US President Barack Obama was in New York advocating the enactment of a legislation that he claims would manage the perilous practices that had ... Read more...

Posted in Business, Politics |

General Motors repays government loan


April 22nd, 2010 - 5:21 am ICT by IANS
Washington, April 22 (DPA) General Motors has repaid $4.7 billion in government loans issued last year, clearing its remaining debt under the Treasury Department's rescue plan to contain the fallout from ... Read more...

Posted in Business |

Obama vows end to corporate greed culture


March 19th, 2009 - 1:35 am ICT by IANS
Washington, March 18 (DPA) US President Barack Obama, under fire over the payment of huge bonuses to traders at the floundering insurance giant AIG, Wednesday vowed to end the culture of ... Read more...

Posted in Business |

Yet another finance scandal: Stanford Bank took $8 bn


February 20th, 2009 - 11:31 am ICT by IANS
Mexico City/New York, Feb 20 (DPA) Latin American countries have moved to stem losses from another US finance scandal, this time centred on Texas billionaire Robert Allen Stanford and his Antigua-based bank. ... Read more...

Posted in Uncategorized |

Wealthy Brit professionals turning to shrinks to beat recession!


January 19th, 2009 - 4:54 pm ICT by ANI
London, Jan 19 (ANI): Wealthy professionals in the UK are turning to psychics seeking their advice and guidance on how to survive the credit crunch.Many workers have even started taking ... Read more...

Posted in World |

US Democrats introduce Obama’s $825-billion stimulus plan


January 16th, 2009 - 5:12 am ICT by IANS
Washington, Jan 16 (DPA) Democrats in the US House of Representatives Thursday introduced an $825-billion economic stimulus plan that president-elect Barack Obama hopes will help revive the struggling economy.The bill would provide ... Read more...

Posted in Uncategorized |

US Congress approves auto-industry loans, offshore drilling


September 28th, 2008 - 12:00 pm ICT by IANS
Washington, Sep 28 (DPA) The troubled automakers General Motors, Ford and Chrysler got a lift Saturday from the US Congress, which gave the final green light for $25 billion in loans to ... Read more...

Posted in World |

US revises growth figure down to 2.8 percent


September 26th, 2008 - 11:41 pm ICT by IANS
Washington, Sep 26 (DPA) The final figure for US growth in the second quarter of 2008 was adjusted Friday downward to 2.8 percent by the US government, which indicated that strong exports ... Read more...

Posted in Business |

Crude oil climbs by $25 a barrel


September 23rd, 2008 - 5:36 am ICT by IANS
Washington, Sep 23 (DPA) The price of crude oil climbed by $25 per barrel Monday, the largest jump ever over worries of a weakened dollar prompted by US government plans to buy ... Read more...

Posted in World |

Bahrain to host global Islamic banking forum


August 18th, 2008 - 6:40 pm ICT by IANS
Dubai, Aug 18 (IANS) Bahrain will host the 15th annual World Islamic Banking Conference (WIBC), the largest gathering of Islamic finance leaders in the world, Nov 23-25.The event will help shape new ... Read more...

Posted in Uncategorized |

New visa rules may affect financial talent import from India


July 4th, 2008 - 8:33 pm ICT by IANS
London, July 4 (IANS) British financial employers express worries that the new points-based system for migrant workers may affect import of skilled talent from countries like India. Such a situation can even ... Read more...

Posted in World |

Citi Foundation launches 11.2 million dollars International Microfinance Program


March 20th, 2008 - 2:51 pm ICT by admin
Mumbai, Mar 20 (ANI/Business Wire India): The Citi Foundation today announced a three-year US 11.2 million dollars international grant program to advance the integration of micro-finance into the mainstream economies of ... Read more...

Posted in Business |

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