Posted in Corporate Finance News, Finance News, Global Finance on 20. Dec, 2010
PTC India, a great power traders and energy solutions provider, has plans to expand the capital base of PTC India Financial Services Ltd by issuing new shares in an IPO. Deepak Amitabh, director (finance), PTC India said, “The stake of PTC, which stands at 77.6% in the financing arm, will be reduced to about 60% [...]
Posted in Corporate Finance News, Finance News, Global Finance on 16. Dec, 2010
Capital + Merchant directors – arrested by the Serious Fraud Office last week – made a brief appearance in court this morning, but his trial has been adjourned until February. Neal Medhurst Nicholls (55) and Wayne Douglas Leslie (57) are facing six charges under the Crimes Act, concerning about $ 14.5 million related parties dating [...]
Posted in Corporate Finance News, Finance News, Global Finance on 13. Dec, 2010
Australian Bureau Statistics Figures show that the consumers rented 0.4 per cent less in October seasonally adjusted compared to the last month. Reduce personal finance loan includes credit cards. But while consumers may have reduced its debt, financing of total loans increased 3.7 percent in October. Borrowing commitments for home owner-occupiers jumped by 2.8 per [...]
Posted in Corporate Finance News, Finance News, Global Finance on 09. Dec, 2010
The Institute of International Finance, Inc. (IIF), a global association of financial institutions, said in a note that, The Philippine economy could grow 6.5% this year, faster than the government target of 5% to 6%, has a strong trade in goods and services, low inflation and efforts to control the deficit. Authorized data show the [...]
Posted in Finance News, Global Finance on 06. Dec, 2010
According to “Wolfgang Schaeuble” German Finance Minister “the risk of an anti-euro party arising had to be taken gravely in a newspaper talk in which he secured the troubled European single currency.” “The danger of an anti-euro party be taken seriously,” the 68-year-old told the German daily Bild published a commentary on the Sunday due [...]
Posted in Corporate Finance News, Finance News, Global Finance on 25. Nov, 2010
Over 1200 participants from about 50 countries participate in the 17th Annual World Islamic Banking Conference (WIBC 2010) for Islamic Finance , which concludes today at Gulf Hotel. The three-day event is convened by the patron of His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa and held under the sponsorship of the [...]
Posted in Corporate Finance News, Finance News, Global Finance on 22. Nov, 2010
Today, Justice Minister Simon Power announced that “A broad political consensus has become the new campaign finance laws, allowing them to be implemented before the next election.” Critics labeled the original bill, the Electoral Finance Act 2007, an attack against freedom of expression. The Electoral Legislation Select team today reported back to Parliament on the [...]
Posted in Finance News, Global Finance on 18. Nov, 2010
New Delhi: The government will soon establish a panel to rewrite and clean up the financial regulations, making them more simple and eliminat several rules. Finance Minister Pranab Mukherjee told a conclave of global business leaders here that India would bring the global financial rules with the local environment. “The government has decided to reduce [...]
Posted in Corporate Finance News, Finance News, Global Finance, World Bank on 15. Nov, 2010
China’s Xinhua news agency reported,” Brazilian Finance Minister Guido Mantega on Wednesday called for reforming the international financial system to get less dependent on U.S. dollars.” G-20 in Seoul, said Mantega the need to create a system based on several currencies including the euro, the yuan, and even the Brazilian real. “There may have to [...]
Posted in Corporate Finance News, Finance News, Global Finance on 11. Nov, 2010
Electronic commerce has been emphasized as an important area for growth companies. Corporate finance groups have been urged to adopt e-commerce strategies to increase their growth potential. According to the CEO of Interactive Media in Retail Group (IMRG), David Smith, by developing an online economy finance company business, there will be an opportunity to open [...]
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