Provides the latest RSS feeds for Banking News. For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page industriesnews.net http://www.industriesnews.net/banking/&cid=17 en-us Tue, 18 Jun 2013 03:32:03 -0400 Tue, 18 Jun 2013 03:32:03 -0400 30 Senators from both treasury and opposition benches have called for bringing the intelligence agencies under civilian and parliamentary control. The call from Pakistan senators comes to improve the law and order situation in the country. According to Dawn News, Interior Minister Chaudhry Nisar Ali Khan triggered a debate on civil-military relationship after he admitted in the Senate that ... http://www.industriesnews.net/story?sid=s215263428&cid=17 Tue, 18 Jun 2013 02:40:02 -0400 ANI http://www.industriesnews.net/story?sid=s215263428 Finance Minister P. Chidambaram on Monday said the only way to contain Current Account Deficit (CAD) is to increase the domestic production of oil and coal and restrain the consumption of gold. Chidambaram, who was addressing the meeting of the Parliamentary Consultative Committee of the Ministry of Finance here, said 'that in order to increase our production, we must get our policies and ... http://www.industriesnews.net/story?sid=s215246498&cid=17 Mon, 17 Jun 2013 09:50:01 -0400 ANI http://www.industriesnews.net/story?sid=s215246498 In a new Ohio University study, researchers found that male mice who were fed a high-fat diet and became obese were more likely to father offspring who also had higher levels of body fat. The effect was observed primarily in male offspring, despite their consumption of a low-fat diet. "We've identified a number of traits that may affect metabolism and behavior of offspring dependent on the ... http://www.industriesnews.net/story?sid=s215243573&cid=17 Mon, 17 Jun 2013 06:20:01 -0400 ANI http://www.industriesnews.net/story?sid=s215243573 ORIX Corporation, a leading integrated financial services group of Japan, has announced that it has reached an agreement to acquire 25.7 per cent of issued shares of Bahrain-based Mediterranean and Gulf Insurance and Reinsurance Company (MEDGULF). Founded in 1980 in Lebanon, MEDGULF is a business group with insurance businesses throughout the Middle East in Saudi Arabia, Lebanon and Jordan and ... http://www.industriesnews.net/story?sid=s215241529&cid=17 Mon, 17 Jun 2013 03:50:02 -0400 ANI http://www.industriesnews.net/story?sid=s215241529 Fitch: Spanish Floor Clause Ruling May Reduce Excess Spread A recent Spanish Supreme Court ruling could cause lenders to stop applying floor clauses that set minimum interest rates in mortgage contracts, and so reduce excess spread in Spanish RMBS transactions, Fitch Ratings says. The presence of interest rate floors in mortgage contracts has bolstered excess spread during the recent period of ... http://www.industriesnews.net/story?sid=s215263258&cid=17 Tue, 18 Jun 2013 02:03:26 -0400 Fitch Ratings http://www.industriesnews.net/story?sid=s215263258 Some investments can offer very attractive returns, but they also carry very high risks. Find out if you have the stomach for these high-risk, high-reward ... http://www.industriesnews.net/story?sid=s215263267&cid=17 Tue, 18 Jun 2013 02:00:56 -0400 Times of India http://www.industriesnews.net/story?sid=s215263267 Physical demand is falling off in India and China, the top two consumers of bullion, from peak levels seen after the historical sell-off in ... http://www.industriesnews.net/story?sid=s215263268&cid=17 Tue, 18 Jun 2013 02:00:55 -0400 Times of India http://www.industriesnews.net/story?sid=s215263268 BANGKOK -- The price of U.S. benchmark oil rose slightly Tuesday, a day after briefly touching a nine-month high, as traders awaited the start of a Federal Reserve policy meeting. Benchmark oil for July delivery rose 5 cents to $97.82 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. On Monday, the contract fell slightly after it climbed to $98.74, its ... http://www.industriesnews.net/story?sid=s215262351&cid=17 Tue, 18 Jun 2013 01:27:40 -0400 Star Tribune http://www.industriesnews.net/story?sid=s215262351 South Korea's antitrust regulator will allow manufacturing-focused conglomerates to own financial subsidiaries such as insurance companies, but only if they reorganise their governance structures to transform into holding companies. In a policy and legislative briefing to the National Assembly's National Policy Committee on Monday, the Fair Trade Commission said that chaebol, or ... http://www.industriesnews.net/story?sid=s215262389&cid=17 Tue, 18 Jun 2013 01:16:36 -0400 Asia News Network http://www.industriesnews.net/story?sid=s215262389 Bahrain-based Investcorp has bought a 38 percent stake in a Saudi oil and gas services company and expects to complete up to three more deals via its $1bn Gulf fund in 2013, an executive at the firm ... http://www.industriesnews.net/story?sid=s215263178&cid=17 Tue, 18 Jun 2013 01:15:36 -0400 Arabian Business http://www.industriesnews.net/story?sid=s215263178 LOS ANGELES (MarketWatch) -- President Barack Obama offered praise for Federal Reserve Chairman Ben Bernanke on Monday, though he declined to comment on a possible successor. In an interview on the Charlie Rose Show, Obama said Bernanke has "done an outstanding job. ... He has been an outstanding partner along with the White House in helping us recover much stronger than, for example, our ... http://www.industriesnews.net/story?sid=s215262390&cid=17 Tue, 18 Jun 2013 01:02:47 -0400 Market Watch http://www.industriesnews.net/story?sid=s215262390 Details of the deal were unveiled by James Hogan, president and CEO of Etihad, and Velibor Vukasinovic, JAT Airways' CEO, at a media briefing on ... http://www.industriesnews.net/story?sid=s215262391&cid=17 Tue, 18 Jun 2013 00:58:05 -0400 Arabian Business http://www.industriesnews.net/story?sid=s215262391 Private health facilities in the country have received Sh110 million as loans from the Kenya Medical and Education Trust in partnership with Medical Credit Finance (MCF). So far, 157 facilities have received loans, the organization's lead quality advisor Lester Chawiyah said during a five-day training of private health managers drawn from Kisii, Nyamira, Migori, Homa Bay. Bomet among other ... http://www.industriesnews.net/story?sid=s215262369&cid=17 Tue, 18 Jun 2013 00:56:21 -0400 All Africa http://www.industriesnews.net/story?sid=s215262369 Federal Reserve is expected Wednesday to indicate when and how quickly it will pull back from its easy money policies. Americans can expect mortgage rates to climb, selling homes to get tougher and interest rates to increase on credit cards, auto purchases and home equity loans. The Fed has been purchasing $85 billion in mortgage-backed securities and longer term Treasury bonds. Economists call ... http://www.industriesnews.net/story?sid=s215262382&cid=17 Tue, 18 Jun 2013 00:52:31 -0400 Middle East Times http://www.industriesnews.net/story?sid=s215262382 LAKELAND | Kimberly Votery, marketing manager for the new Grow Financial branch in Lakeland, said a lot of the credit union's members asked for a branch to open in ... http://www.industriesnews.net/story?sid=s215261565&cid=17 Tue, 18 Jun 2013 00:25:54 -0400 The Ledger http://www.industriesnews.net/story?sid=s215261565 U.S. President Barack Obama meets with Chairman of the Federal Reserve Ben Bernanke in the Oval Office of the White House in Washington, in this June 29, 2010 file ... http://www.industriesnews.net/story?sid=s215261548&cid=17 Mon, 17 Jun 2013 23:57:53 -0400 Reuters http://www.industriesnews.net/story?sid=s215261548 Marylanders are big complainers. At least when it comes to the financial services they receive. Maryland ranked No. 2 in the nation in mortgage complaints per capita, second only to New Hampshire, for grievances lodged with ... http://www.industriesnews.net/story?sid=s215261613&cid=17 Mon, 17 Jun 2013 23:55:25 -0400 Baltimore Sun http://www.industriesnews.net/story?sid=s215261613 An Ohio day-care operator fed children in her care pancakes laced with medication to make them drowsy, authorities allege. Caterpillar Clubhouse owner Tammy E. Eppley, 37, of Westerville is charged with six counts of endangering children, The Columbus Dispatch reported Monday. Police allege Eppley mixed various medications and supplements, including melatonin and antihistamine allergy medicine, ... http://www.industriesnews.net/story?sid=s215260808&cid=17 Mon, 17 Jun 2013 22:45:28 -0400 Middle East Times http://www.industriesnews.net/story?sid=s215260808 Federal Reserve Chairman Ben Bernanke speaks during a news conference in Washington, Wednesday, March 20, 2013, following the Federal Open Market Committee ... http://www.industriesnews.net/story?sid=s215259899&cid=17 Mon, 17 Jun 2013 22:16:29 -0400 Star Tribune http://www.industriesnews.net/story?sid=s215259899 The Spanish Minister of Finance Cristobal Montoro said that Spain is close to overcoming the economic crisis the country is suffering since 2008, local media reported on Monday.Montoro made this statement at the opening of the courses organized by the Association of Journalists of Economic Information (Apie) and the University Menendez Pelayo in Madrid.Montoro pointed out that the state revenue ... http://www.industriesnews.net/story?sid=s215259908&cid=17 Mon, 17 Jun 2013 22:09:12 -0400 Global Times http://www.industriesnews.net/story?sid=s215259908 Photo credit: Newsday / Ed Betz | Suffolk County Executive Steve Bellone talks about the county's budget problems and solutions during a press conference in Hauppauge. (April 2, ... http://www.industriesnews.net/story?sid=s215259021&cid=17 Mon, 17 Jun 2013 21:09:00 -0400 Newsday http://www.industriesnews.net/story?sid=s215259021 Photo credit: Chairman Ben Bernanke (Getty) Since the U.S. economic recovery began, the Federal Reserve has emerged as the biggest power player on Wall Street, with investors hanging on to every comment made by Fed Chairman Ben Bernanke and his team. How powerful is the Fed? After recent comments from Bernanke that his agency might soon start to taper its easy-money policies over the next few ... http://www.industriesnews.net/story?sid=s215258968&cid=17 Mon, 17 Jun 2013 21:00:33 -0400 am New York http://www.industriesnews.net/story?sid=s215258968 $0.321 per unit) for the second quarter of 2012. The Q2 2013 distribution is a dividend only payment and is therefore not comparable with the Q2 2012 distribution which was comprised of a dividend ... http://www.industriesnews.net/story?sid=s215259022&cid=17 Mon, 17 Jun 2013 20:56:55 -0400 CNW Group http://www.industriesnews.net/story?sid=s215259022 Is the era of ultra-low interest rates nearing an end? When he takes questions this week after a Federal Reserve meeting, Chairman Ben Bernanke will confront investors' fears that rates are headed higher. Financial markets have been gyrating in the three-and-a-half weeks since Bernanke told Congress the Fed might scale back its effort to keep long-term rates at record lows within "the ... http://www.industriesnews.net/story?sid=s215258992&cid=17 Mon, 17 Jun 2013 20:41:32 -0400 Yahoo!7 News http://www.industriesnews.net/story?sid=s215258992 AmeriFlex, 3700 State Street, Suite 310, has been a leading provider of sound financial advice for its clients for the past 25 years. The new Ameriflex Woman Investor program is for business owners, executives and busy families. ... http://www.industriesnews.net/story?sid=s215258008&cid=17 Mon, 17 Jun 2013 20:02:50 -0400 Santa Barbara Independent http://www.industriesnews.net/story?sid=s215258008 The Hearts squad was put up for sale in a bid to raise 500,000 to see the club through to the start of the new season. Photograph: Murdo Macleod for the ... http://www.industriesnews.net/story?sid=s215258009&cid=17 Mon, 17 Jun 2013 20:02:22 -0400 The Guardian http://www.industriesnews.net/story?sid=s215258009 By SaharaReporters, New York Professor Aize Obayan, a former Vice Chancellor of Covenant University, Ota has been suspended from his position as director of the Education Commission of the Winners Chapel by the church’s general overseer, Bishop David Oyedepo. Ms. Obayan was suspended for reportedly altering examination results for several students in the department of Mass Communications. ... http://www.industriesnews.net/story?sid=s215258010&cid=17 Mon, 17 Jun 2013 19:55:11 -0400 Sahara Reporters http://www.industriesnews.net/story?sid=s215258010 o Missouri Secretary of State Jason Kander today made a national Internet video appearance to implore the country not to adopt a federal version of Missouri's no-limit campaign finance system.Kander, a Democrat, ... http://www.industriesnews.net/story?sid=s215256983&cid=17 Mon, 17 Jun 2013 19:06:15 -0400 St. Louis Post-Dispatch http://www.industriesnews.net/story?sid=s215256983 Frank Kugler won four Olympics medals in freestyle wrestling, weightlifting and tug of war at St Louis in 1904, making him the only competitor to win a medal in three different sports at the same Games. He claimed a silver medal in the heavyweight category in wrestling, bronze in the two hand lift and all-around dumbbell events in weightlifting and another bronze in the tug of war competition as ... http://www.industriesnews.net/story?sid=s215257020&cid=17 Mon, 17 Jun 2013 18:59:41 -0400 Inside the Games http://www.industriesnews.net/story?sid=s215257020 The closest many disadvantaged young students may come to an Ivy League experience is standing next to someone wearing a Harvard T-shirt in the popcorn line at the Cineplex. Since 2001, Schuler Scholar Program in Lake Forest has been providing many such students the T-shirt - and the student ID to go with it. The program, with an annual budget of more than $5 million from a private family ... http://www.industriesnews.net/story?sid=s215257023&cid=17 Mon, 17 Jun 2013 18:38:22 -0400 Chicago Tribune http://www.industriesnews.net/story?sid=s215257023 The FBI is releasing photographs from a robbery that took place June 17, 2013, at approximately 11:10 a.m. at the Wells Fargo Bank located at 1051 NW 14th Street in Miami, Florida. A robber entered the bank and demanded money from an employee. Money was taken, but the amount will not be released at this time. There were customers in the bank at the time of the robbery. There were no shots fired ... http://www.industriesnews.net/story?sid=s215255852&cid=17 Mon, 17 Jun 2013 17:54:40 -0400 FBI http://www.industriesnews.net/story?sid=s215255852 The shareholders of EACOM Timber Corporation (TSXVN:ETR) have accepted the all-cash takeover offer from Kelso & Company. Shareholders of EACOM Timber will receive $CDN0.38 cash for each share held. The shares of EACOM Timber will be removed from the S&P/TSX Venture Composite Index after the close of trading ... http://www.industriesnews.net/story?sid=s215255853&cid=17 Mon, 17 Jun 2013 17:47:36 -0400 CNW Group http://www.industriesnews.net/story?sid=s215255853 Former employees of Bank of America say they were told to lie to customers about whether they could modify their loans to more affordable terms. They also paid cash bonuses to bank staffers to pushing homeowners into ... http://www.industriesnews.net/story?sid=s215255778&cid=17 Mon, 17 Jun 2013 17:47:35 -0400 MSNBC http://www.industriesnews.net/story?sid=s215255778 Former employees of Bank of America say they were told to lie to customers about whether they could modify their loans to more affordable terms. They also paid cash bonuses to bank staffers to pushing homeowners into ... http://www.industriesnews.net/story?sid=s215255779&cid=17 Mon, 17 Jun 2013 17:47:33 -0400 MSNBC http://www.industriesnews.net/story?sid=s215255779 U.S. markets posted gains Monday, as economic data looked positive in reports not considered particularly major newsmakers. Trading might prove muted for the first half of the week, as investors wait for the results of a two-day meeting of Open Market Committee at the ... http://www.industriesnews.net/story?sid=s215256771&cid=17 Mon, 17 Jun 2013 17:28:47 -0400 Middle East Times http://www.industriesnews.net/story?sid=s215256771 has set the maximum price in its planned share issue at 45 zlotys per share, which values the transaction at up to 386 million zlotys (77.50 million pounds), the company said late on Monday.The lender said last week it planned to offer 8.58 million shares to institutional and individual investors in Poland and selected investors abroad to meet the Polish financial regulator's requirement to ... http://www.industriesnews.net/story?sid=s215254719&cid=17 Mon, 17 Jun 2013 17:00:46 -0400 West Australian http://www.industriesnews.net/story?sid=s215254719 ) -- Residential real estate investment trusts were the worst performing group in financial sector, amid mixed expectations the Federal Reserve could begin "tapering" up to $85 billion in monthly mortgage bond purchases starting this ... http://www.industriesnews.net/story?sid=s215254720&cid=17 Mon, 17 Jun 2013 17:00:35 -0400 The Street http://www.industriesnews.net/story?sid=s215254720 Kihumbu Thairu was accused of hiring a Muslim woman 'against ethics of the church', days before he was sacked. A report commissioned by the institution's Board of Trustees lists the hiring of a Muslim, among a host of other 'negligent acts' as reasons for Thairu's sacking. This is despite the fact that the university has been admitting Muslim students. Monday, the ... http://www.industriesnews.net/story?sid=s215254721&cid=17 Mon, 17 Jun 2013 16:58:52 -0400 Standard Digital http://www.industriesnews.net/story?sid=s215254721 U.S. Treasury Secretary Jacob Lew prepares to shake hands with Chinese President Xi Jinping at a meeting in Beijing on March 19, 2013. (AP Photo/Andy Wong) (CNSNews.com) - Thanks to a large draw down in the federal government's cash on hand and to the "extraordinary measures" that the Treasury is currently taking to avoid surpassing the legal limit on the federal debt, the federal ... http://www.industriesnews.net/story?sid=s215254704&cid=17 Mon, 17 Jun 2013 16:49:04 -0400 CNS News http://www.industriesnews.net/story?sid=s215254704 By Lisa Maria Garza DALLAS, Texas, June 17 | Mon Jun 17, 2013 4:48pm EDT DALLAS, Texas, June 17 (Reuters) - The Susan G. Komen foundation named a new chief executive to replace Nancy Brinker, founder of the breast cancer charity, which suffered a major loss of donations last year after withdrawing funding for Planned Parenthood to perform breast cancer screenings. The foundation said on ... http://www.industriesnews.net/story?sid=s215255854&cid=17 Mon, 17 Jun 2013 16:48:18 -0400 Reuters http://www.industriesnews.net/story?sid=s215255854 David Ross, New Zealand';s most-famous alleged semi-ponzi scheme operator, was not on the speaker list of the recent financial literacy summit held in Auckland. But Ross would';ve made a compelling headline act at the summit given his potentially unique insight into the subject. For now, unfortunately, Ross'; strategies for improving investors'; financial knowledge remain unknown. ... http://www.industriesnews.net/story?sid=s215257021&cid=17 Mon, 17 Jun 2013 16:45:00 -0400 New Zealand Herald http://www.industriesnews.net/story?sid=s215257021 North America by dialing 1-800-447-0521 (Passcode #: 34902445). A complete archive of this discussion along with supporting materials will be available at the same webcast address within 24 hours of the end of the conference call. ABOUT AGF MANAGEMENT ... http://www.industriesnews.net/story?sid=s215254722&cid=17 Mon, 17 Jun 2013 16:43:24 -0400 CNW Group http://www.industriesnews.net/story?sid=s215254722 June 17, 2013 /CNW/ - Marret Resource Corp. (TSX: MAR) (the "Company") announced today that it has declared a monthly dividend of $0.023334 per share on its outstanding common shares. The dividend is payable ... http://www.industriesnews.net/story?sid=s215254724&cid=17 Mon, 17 Jun 2013 16:43:23 -0400 CNW Group http://www.industriesnews.net/story?sid=s215254724 June 17, 2013 /CNW/ - Trading resumes in: Company: REDQUEST CAPITAL CORP. TSX-Venture Symbol: RQM.H Resumption: At the open ... http://www.industriesnews.net/story?sid=s215254723&cid=17 Mon, 17 Jun 2013 16:43:23 -0400 CNW Group http://www.industriesnews.net/story?sid=s215254723 June 17, 2013 /CNW/ - Valeant Pharmaceuticals International, Inc. (NYSE: VRX and TSX: VRX) announced today that it has filed a preliminary prospectus supplement to its effective shelf registration statement on Form S-3 and has today made a similar filing with securities regulatory authorities in each of the provinces ... http://www.industriesnews.net/story?sid=s215254725&cid=17 Mon, 17 Jun 2013 16:43:21 -0400 CNW Group http://www.industriesnews.net/story?sid=s215254725 June 17, 2013 /CNW/ - The Alberta Securities Commission (ASC) has issued a cease trade order against Papa Chocolat Distribution Inc. The cease trade order was issued after ASC staff determined Papa Chocolat Distribution Inc.'s offering memorandum ... http://www.industriesnews.net/story?sid=s215254726&cid=17 Mon, 17 Jun 2013 16:43:20 -0400 CNW Group http://www.industriesnews.net/story?sid=s215254726 Mr. Biduk had failed to properly define the investment objectives and risk tolerance of some of his clients, most of whom were retired or approaching retirement. He also recommended bold and speculative trading strategies that were inappropriate to his clients' personal and financial circumstances, which resulted in substantial losses. The Hearing Panel's liability decision is ... http://www.industriesnews.net/story?sid=s215254727&cid=17 Mon, 17 Jun 2013 16:43:20 -0400 CNW Group http://www.industriesnews.net/story?sid=s215254727 management dramatically shifted its tone last week, signaling a much more defensive posture in response to tougher capital rules and consumer protection laws for credit cards, according to Rafferty Capital Markets analyst Richard ... http://www.industriesnews.net/story?sid=s215253667&cid=17 Mon, 17 Jun 2013 15:58:32 -0400 The Street http://www.industriesnews.net/story?sid=s215253667 Ben Bernanke is likely to signal that the U.S. Federal Reserve is close to tapering down its $85-billion (U.S.) a month in asset purchases when he holds a press conference on Wednesday, but balance that by saying subsequent moves depend on what happens to the economy.The Fed chairman has a double communications problem. Markets seem reluctant to acknowledge the improvement that is leading the Fed ... http://www.industriesnews.net/story?sid=s215253640&cid=17 Mon, 17 Jun 2013 15:58:01 -0400 The Globe and Mail http://www.industriesnews.net/story?sid=s215253640 National Treasury is seeking Parliament's approval to increase the former Prime Minister's allowances for foreign and domestic travels by Sh34 ... http://www.industriesnews.net/story?sid=s215253616&cid=17 Mon, 17 Jun 2013 15:56:44 -0400 Standard Digital http://www.industriesnews.net/story?sid=s215253616 Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on six-month bills falling to the lowest point since early ... http://www.industriesnews.net/story?sid=s215253668&cid=17 Mon, 17 Jun 2013 15:55:45 -0400 San Diego Union-Tribune http://www.industriesnews.net/story?sid=s215253668 . The investment strategies of UBS Global Allocation Trust are: (i) active global asset allocation across seven asset classes of global stocks and bonds; (ii) active security selection, based on a price/intrinsic value methodology; and (iii) an active global currency overlay. UBS Global Asset Management is a large scale asset manager with well diversified businesses across regions, ... http://www.industriesnews.net/story?sid=s215253669&cid=17 Mon, 17 Jun 2013 15:40:59 -0400 CNW Group http://www.industriesnews.net/story?sid=s215253669 Kirsten Tompkins CA, brings over eighteen years of accounting and advisory experience through work in public practice and in consulting. Previously Kirsten was at Deloitte & Touche LLP in the area of audit and advisory, specializing in quality assurance. Through her fifteen years at Deloitte, including three years as a Partner, Kirsten has assisted clients in numerous financings, initial ... http://www.industriesnews.net/story?sid=s215253670&cid=17 Mon, 17 Jun 2013 15:40:59 -0400 CNW Group http://www.industriesnews.net/story?sid=s215253670 June 17, 2013 /CNW/ - The Board of Directors of CaRIT Limited in its capacity as Trustee for Canadian Resources Income Trust ("CaRIT" or the "Trust") has declared a cash distribution ... http://www.industriesnews.net/story?sid=s215253671&cid=17 Mon, 17 Jun 2013 15:40:58 -0400 CNW Group http://www.industriesnews.net/story?sid=s215253671 Protesters battle riot police in Taksim Square in Istanbul, Turkey on June 11, 2013. Calm returned to the square on June 12, 2013 after the protesters were cleared from the area after two weeks of protests against the modernization of the square that quickly became an anti-government protest. UPI/Nasir ... http://www.industriesnews.net/story?sid=s215253833&cid=17 Mon, 17 Jun 2013 15:23:01 -0400 Middle East Times http://www.industriesnews.net/story?sid=s215253833 The Middle East's contribution to mobile transactions is set to be worth US$27.6 billion by 2017, accounting for about 4 per cent of the global value. Antonie Robertson / The ... http://www.industriesnews.net/story?sid=s215252529&cid=17 Mon, 17 Jun 2013 14:56:04 -0400 The National http://www.industriesnews.net/story?sid=s215252529 , an error occurred in the Webcast section. The section should have read "Audio and video webcasts of the speech and press conference will be available." and not "Audio and video webcasts of the press conference will be available.". Corrected copy follows : Speech by Stephen S. Poloz, Governor of the Bank ... http://www.industriesnews.net/story?sid=s215252530&cid=17 Mon, 17 Jun 2013 14:39:13 -0400 CNW Group http://www.industriesnews.net/story?sid=s215252530 Fitch: Spanish Floor Clause Ruling May Reduce Excess Spread A recent Spanish Supreme Court ruling could cause lenders to stop applying floor clauses that set minimum interest rates in mortgage contracts, and so reduce excess spread in Spanish RMBS transactions, Fitch Ratings says. The presence of interest rate floors in mortgage contracts has bolstered excess spread during the recent period of ... http://www.industriesnews.net/story?sid=s215252490&cid=17 Mon, 17 Jun 2013 14:28:12 -0400 Fitch Ratings http://www.industriesnews.net/story?sid=s215252490 The Indonesian House of Representatives met Monday to discuss raising the price of subsidized gasoline, prompting protests by those against the measure. Indonesia's government wants to raise the price of gasoline by 44 percent, from 45 U.S. cents to 65 cents per liter (0.26 gallon), to help lessen the country's debt, The New York Times reported. Thousands of people gathered outside ... http://www.industriesnews.net/story?sid=s215253133&cid=17 Mon, 17 Jun 2013 14:20:16 -0400 Middle East Times http://www.industriesnews.net/story?sid=s215253133 LONDON, June 17 | Mon Jun 17, 2013 1:50pm EDT LONDON, June 17 (Reuters) - Britain should maintain its membership of the European Union because its financial services sector is a shared European asset that powers economic growth in both the UK and the 27-nation trade bloc, a lobby group said on Monday. TheCityUK, a body that promotes the UK financial services industry, has put forward ... http://www.industriesnews.net/story?sid=s215252532&cid=17 Mon, 17 Jun 2013 13:50:43 -0400 Reuters http://www.industriesnews.net/story?sid=s215252532 Canada (IIROC) can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which ... http://www.industriesnews.net/story?sid=s215251452&cid=17 Mon, 17 Jun 2013 13:37:08 -0400 CNW Group http://www.industriesnews.net/story?sid=s215251452 MEXICO CITY, June 17 | Mon Jun 17, 2013 1:02pm EDT MEXICO CITY, June 17 (Reuters) - A recent spike in Mexican inflation is temporary and although upside price risks prevail, so far there are no signs of knock-on effects, central bank board member Manuel Sanchez said on Monday. "Given the temporary nature of recent pressures, it is likely that inflation will soon resume a downward ... http://www.industriesnews.net/story?sid=s215251454&cid=17 Mon, 17 Jun 2013 13:02:37 -0400 Reuters http://www.industriesnews.net/story?sid=s215251454 NEW YORK -- Stocks are rising in midday trading as traders expect the Federal Reserve to continue its stimulus of the U.S. economy when it meets this week. The Dow Jones industrial average was up 160 points, or 1.1 percent, at 15,230 just before noon Eastern Daylight time Monday. The Standard & Poor's 500 index climbed 16 points, or 1 percent, to 1,643. The Nasdaq composite rose 40 ... http://www.industriesnews.net/story?sid=s215249966&cid=17 Mon, 17 Jun 2013 12:49:20 -0400 Star Tribune http://www.industriesnews.net/story?sid=s215249966 "), has been named the number one life insurance provider in the for the second consecutive year based on premium income in 2012. Official rankings released by the Insurance Commission (IC), confirmed Sun Life was first in the local life insurance market, recording P20.06 billion (approximately C$475 million) in 2012, up 44 per cent from 2011. Sun Life also led the industry in new ... http://www.industriesnews.net/story?sid=s215250082&cid=17 Mon, 17 Jun 2013 12:33:48 -0400 CNW Group http://www.industriesnews.net/story?sid=s215250082 Boyd Group Income Fund's policy is to pay monthly distributions to unitholders of record on or around the last business day of the ... http://www.industriesnews.net/story?sid=s215250083&cid=17 Mon, 17 Jun 2013 12:33:47 -0400 CNW Group http://www.industriesnews.net/story?sid=s215250083 , which offers Intense Pulsed Light hair removal and other beauty treatments, he's no stranger to working long days. Yet just six months after opening his franchise, Latham, 38, says it's already worth it. Business has been "steadily increasing every month," Latham says. "To get people in the door we did a ... http://www.industriesnews.net/story?sid=s215248854&cid=17 Mon, 17 Jun 2013 11:49:15 -0400 The Street http://www.industriesnews.net/story?sid=s215248854 's share price reflects the possibility it will be acquired, though a sale of the lender will likely take some time, according to an analyst report published ... http://www.industriesnews.net/story?sid=s215248853&cid=17 Mon, 17 Jun 2013 11:49:15 -0400 The Street http://www.industriesnews.net/story?sid=s215248853 China's money market will continue to be afflicted by tight liquidity conditions through to the end of June, putting the central bank in a dilemma over whether to loosen its monetary policy, Guangzhou Daily reported Monday, citing industry watchers. The lack of liquidity was indicated by the disappointing response to a government debt auction Friday, as financial institutions did not have ... http://www.industriesnews.net/story?sid=s215248855&cid=17 Mon, 17 Jun 2013 11:40:01 -0400 Global Times http://www.industriesnews.net/story?sid=s215248855 Ben Bernanke introduced a first round of quantitative easing during the worst of the financial crisis, as global markets tumbled and liquidity was sucked out of the system. Quantitative easing is an unorthodox application of monetary policy by which a central bank, in this case the Federal Reserve, loosens monetary policy further after having dropped the Federal Funds rate to the zero range. This ... http://www.industriesnews.net/story?sid=s215248857&cid=17 Mon, 17 Jun 2013 11:39:20 -0400 Forbes http://www.industriesnews.net/story?sid=s215248857 Federal Reserve Chairman Ben Bernanke (AFP/Getty Images via @daylife) Ben Bernanke, who deserves the Nobel prize for helping the U.S. to avoid a deep deflationary depression, cannot catch a break. First, he is demonized for for his quantitative easing program that naysayers predicted would sooner or later destroy the value of the American dollar, as well as the double whammy of creating an ... http://www.industriesnews.net/story?sid=s215248856&cid=17 Mon, 17 Jun 2013 11:39:20 -0400 Forbes http://www.industriesnews.net/story?sid=s215248856 One of the nation’s largest mortgage servicers intentionally, knowingly, and routinely falsifies paperwork and lies to homeowners in order to boot them from their ... http://www.industriesnews.net/story?sid=s215248858&cid=17 Mon, 17 Jun 2013 11:33:33 -0400 ThinkProgress http://www.industriesnews.net/story?sid=s215248858 Jeffrey Santerre , CAIA, Managing Director and Global Head of Product Management. "We are pleased to welcome Rob to Manulife Asset Management, where he will support our Canadian fixed income team which presently ... http://www.industriesnews.net/story?sid=s215248859&cid=17 Mon, 17 Jun 2013 11:31:33 -0400 CNW Group http://www.industriesnews.net/story?sid=s215248859 Eagle Investment Systems LLC (Eagle), a leading provider of financial services technology and a subsidiary of BNY Mellon, today announced that it was the recipient of the Excellence in Performance Measurement Award at the Financial Services Outsourcing Knowledge Xchange ("FSOkx") Excellence and Outsourcing Awards on June 6 in New York . The FSOkx awards take place annually to ... http://www.industriesnews.net/story?sid=s215248860&cid=17 Mon, 17 Jun 2013 11:31:32 -0400 CNW Group http://www.industriesnews.net/story?sid=s215248860 NEW YORK (MarketWatch) -- Financial stocks were up on Monday after a better-than-expected manufacturing report and home-builder confidence rises to a seven-year high. The Financial Select Sector SPDR ... http://www.industriesnews.net/story?sid=s215248864&cid=17 Mon, 17 Jun 2013 11:22:37 -0400 Market Watch http://www.industriesnews.net/story?sid=s215248864 * TSX rises 90.62 points, or 0.74 percent, to 12,277.96 * Eight of 10 main index sectors advance * Brookfield climbs after asset sales By John Tilak TORONTO, June 17 (Reuters) - Canada's main stock index shot higher on Monday, paced by strong gains in its energy and financial sectors as investors hoped this week's U.S. Federal Reserve meeting would reconfirm support for the central ... http://www.industriesnews.net/story?sid=s215250085&cid=17 Mon, 17 Jun 2013 11:20:16 -0400 Reuters http://www.industriesnews.net/story?sid=s215250085 The German economy will slow this summer after a spring recovery, the central bank predicted in a report on Monday, citing weaker industrial orders and export ... http://www.industriesnews.net/story?sid=s215248792&cid=17 Mon, 17 Jun 2013 11:18:11 -0400 Times of India http://www.industriesnews.net/story?sid=s215248792 Federal Reserve Bank of New York said Monday. The general business index rebounded from a decline in May that followed three months of improvements, the Fed said. In June, the general business index for the Fed's New York District rose 9 points to 7.8. In an unusual twist, the general business index rose with 29 percent of respondents indicating conditions had gotten better in the past ... http://www.industriesnews.net/story?sid=s215248795&cid=17 Mon, 17 Jun 2013 11:13:32 -0400 Middle East Times http://www.industriesnews.net/story?sid=s215248795 Mon Jun 17, 2013 10:56am EDT LONDON, June 17 (IFR) - The Federal Republic of Nigeria, rated BB-/BB-, has appointed Citigroup and Deutsche Bank to arrange a series of fixed income investor meetings ahead of a potential Eurobond issue, according to a market source. The roadshows will serve as an update on the Nigerian economy ahead of a potential issuance of securities at a date to be announced in ... http://www.industriesnews.net/story?sid=s215248863&cid=17 Mon, 17 Jun 2013 10:56:10 -0400 Reuters http://www.industriesnews.net/story?sid=s215248863 BEIJING (Reuters) - China's government has stepped up efforts to lift confidence in the country's flagging stock markets by buying more shares in the four biggest commercial banks, stock exchange statements showed on Monday.Central Huijin Investment Co, which holds Beijing's investments in state-owned financial firms, spent about 363 million yuan ($59.2 million) buying bank shares ... http://www.industriesnews.net/story?sid=s215247593&cid=17 Mon, 17 Jun 2013 10:47:52 -0400 West Australian http://www.industriesnews.net/story?sid=s215247593 says ending a practice of so-called "shadow insurance" could cut at the insurer's credit rating and lead to higher costs for consumers. Moody's, a top ratings agency, appears to ... http://www.industriesnews.net/story?sid=s215247712&cid=17 Mon, 17 Jun 2013 10:47:36 -0400 The Street http://www.industriesnews.net/story?sid=s215247712 There's another three months to go before Germany goes to the polls, and little expectation that any surprises might still be in store. Incumbent Chancellor Angela Merkel's victory seems pretty much assured, with the latest surveys giving her Christian Democrats 40 percent of the vote compared to just 24 percent for the main opposition Social Democrats (SPD). Amid the unremitting tedium ... http://www.industriesnews.net/story?sid=s215247713&cid=17 Mon, 17 Jun 2013 10:45:29 -0400 Spiegel Online http://www.industriesnews.net/story?sid=s215247713 Danielle Powell and Michelle Rogers, moments after getting engaged. It’s no secret that many Christian-affiliated colleges enforce very strict behavioral expectations for their students, but Danielle Powell is realizing just how vindictive a college can be when those expectations are not met. She had enrolled in Grace University in Omaha, Nebraska, but was expelled in the spring of 2011, ... http://www.industriesnews.net/story?sid=s215247715&cid=17 Mon, 17 Jun 2013 10:32:43 -0400 ThinkProgress http://www.industriesnews.net/story?sid=s215247715 Blog: Chelsea easy targets Backed by owner Roman Abramovich, Mourinho significantly bolstered his side during his first stint as Chelsea boss, reportedly spending in excess of 70 million after taking over in 2004.The Portuguese has returned to Stamford Bridge this summer but will have to be more measured with his additions, as UEFA looks to clamp down on extravagant spending with its Financial ... http://www.industriesnews.net/story?sid=s215247716&cid=17 Mon, 17 Jun 2013 10:31:54 -0400 Soccernet http://www.industriesnews.net/story?sid=s215247716 North American Industry leader joins Russell's Canadian Institutional team Gelly to lead the way in bringing best-in-class fiduciary solutions to Canadian pension plans that are looking for a more comprehensive investment ... http://www.industriesnews.net/story?sid=s215247717&cid=17 Mon, 17 Jun 2013 10:30:53 -0400 CNW Group http://www.industriesnews.net/story?sid=s215247717 Premier Ernest Manning cut the ribbon to officially open the new 11-storey Financial Building at 100th Avenue and 107th Street, completed in a record 12 months.The materials used -- reinforced concrete instead of steel -- and the efficiency and speed of the workers were cited as factors in the project's success.The north wall consisted of a prefabricated type of insulated curtain wall ... http://www.industriesnews.net/story?sid=s215247637&cid=17 Mon, 17 Jun 2013 10:29:30 -0400 Edmonton Journal http://www.industriesnews.net/story?sid=s215247637 BERNE (Reuters) - The European Union official in charge of tax policy tried to persuade Switzerland on Monday to agree to surrender more information about clients of its big banking industry as part of a drive to combat tax evasion. ... http://www.industriesnews.net/story?sid=s215247663&cid=17 Mon, 17 Jun 2013 10:24:55 -0400 Reuters http://www.industriesnews.net/story?sid=s215247663 LONDON ... http://www.industriesnews.net/story?sid=s215247714&cid=17 Mon, 17 Jun 2013 10:02:41 -0400 New York Times http://www.industriesnews.net/story?sid=s215247714 Nearly one in five of the UK’s retirement savers are unhappy with their pension savings or fear they have wasted money by saving for retirement, according to MetLife.Research among retirement savers aged 45+ found that 12% wish they hadn't bothered saving for retirement while 6% are unhappy with their retirement savings, despite the recent stock market revival.However, the nationwide ... http://www.industriesnews.net/story?sid=s215246624&cid=17 Mon, 17 Jun 2013 09:34:22 -0400 Banking Times http://www.industriesnews.net/story?sid=s215246624 Friends Life has reported a sharp rise in the amount of suspect pensions liberation activity, with the company declining over 500 requests since August 2012.The total transfer value at stake was in excess of 12 million and the insurer says it is now taking a proactive approach by targeting dodgy looking firms that encourage the practice.Any suspicious requests are reported to HM Revenue & ... http://www.industriesnews.net/story?sid=s215246625&cid=17 Mon, 17 Jun 2013 09:34:21 -0400 Banking Times http://www.industriesnews.net/story?sid=s215246625 Mon Jun 17, 2013 9:32am EDT Central Bank of India For the full text of this story please click the following ... http://www.industriesnews.net/story?sid=s215247719&cid=17 Mon, 17 Jun 2013 09:32:45 -0400 Reuters http://www.industriesnews.net/story?sid=s215247719 June 17, 2013 /CNW/ - Manulife Financial Corporation ("Manulife") today announced a Canadian public offering of Non-cumulative Rate Reset Class 1 Shares Series 13 ("Series 13 Preferred Shares"). Manulife will issue 8 million Series 13 Preferred Shares priced ... http://www.industriesnews.net/story?sid=s215246626&cid=17 Mon, 17 Jun 2013 09:30:25 -0400 CNW Group http://www.industriesnews.net/story?sid=s215246626 June 17, 2013 /CNW/ - Third Eye Capital Management Inc. (together with its affiliates, "Third Eye Capital") is very pleased to announce the launch of Third Eye Capital Alternative Credit Trust (the "ACT Fund"), an open-ended unincorporated investment trust established under the laws of the Province of Ontario. The ACT Fund will be managed by Third Eye Capital with the ... http://www.industriesnews.net/story?sid=s215246627&cid=17 Mon, 17 Jun 2013 09:30:25 -0400 CNW Group http://www.industriesnews.net/story?sid=s215246627 June 17, 2013 /CNW Telbec/ - Ten years ago, socially responsible investments (SRI) were generally seen as a fad. But the 2008 financial crisis changed the way many people saw the financial industry--and for good reason. It forced many investors to rethink their investment criteria and to better understand of how their assets are invested. This global trend can also be found at Desjardins ... http://www.industriesnews.net/story?sid=s215246628&cid=17 Mon, 17 Jun 2013 09:30:24 -0400 CNW Group http://www.industriesnews.net/story?sid=s215246628 Financial fragmentation in the euro area has been officially declared as Public Enemy No. 1 by European politicians. Considerable speculation has swirled in recent months around the idea that the European Central Bank may be considering measures such as asset-backed securitization programs to reactivate lending to smaller and medium-sized enterprises throughout the 17-nation ... http://www.industriesnews.net/story?sid=s215246602&cid=17 Mon, 17 Jun 2013 09:21:52 -0400 CBS Marketwatch http://www.industriesnews.net/story?sid=s215246602 Living in Silicon Valley, it is easy to lose sight of the fact that game-changing innovation does take place outside of Northern California. For all of the built-in advantages that make this region, and places like it, global centers of technological creativity - the developed world will never achieve a monopoly on innovation. I was reminded of this truth when I sat down to speak with a client ... http://www.industriesnews.net/story?sid=s215245586&cid=17 Mon, 17 Jun 2013 08:38:39 -0400 Forbes http://www.industriesnews.net/story?sid=s215245586 June 17, 2013 /CNW/ - Despite reports of a cooling Canadian housing market and a slow-growth U.S. economy, a TD study reveals that Canadian investors have great expectations for the next 12 months. According to the first TD Investor Insights Index, which will serve as a benchmark for future reports on investor sentiment, Canadian investors are optimistic about both their personal investment ... http://www.industriesnews.net/story?sid=s215245587&cid=17 Mon, 17 Jun 2013 08:32:02 -0400 CNW Group http://www.industriesnews.net/story?sid=s215245587 June 17, 2013 /CNW/ - Armtec Infrastructure Inc. ("Armtec" or the "Corporation") (TSX: ARF; ARF.DB) will hold its Annual and Special Meeting of Shareholders ... http://www.industriesnews.net/story?sid=s215245588&cid=17 Mon, 17 Jun 2013 08:32:01 -0400 CNW Group http://www.industriesnews.net/story?sid=s215245588 June 17, 2013 /CNW/ - Trading resumes in: Company: Walter Energy, Inc. TSX Symbol: WLT Resumption: Open The Investment Industry Regulatory Organization ... http://www.industriesnews.net/story?sid=s215245589&cid=17 Mon, 17 Jun 2013 08:32:00 -0400 CNW Group http://www.industriesnews.net/story?sid=s215245589 June 17, 2013 /CNW/ - Banking at ING DIRECT just got more simple and convenient. Beginning today, clients can deposit cheques into their accounts remotely using Cheque-In(TM), a new feature of the bank's existing mobile app. Cheque-In allows clients to take a picture of their cheque using their mobile device and have it deposited immediately into their ING DIRECT account. The feature is ... http://www.industriesnews.net/story?sid=s215245592&cid=17 Mon, 17 Jun 2013 08:31:58 -0400 CNW Group http://www.industriesnews.net/story?sid=s215245592 WASHINGTON (MarketWatch) -- At one of the recent Federal Reserve retreats in Jackson Hole, the central bankers and their guests were treated to an exhibition by a leading horse whisperer. Maybe Fed Chairman Ben Bernanke was taking ... http://www.industriesnews.net/story?sid=s215245561&cid=17 Mon, 17 Jun 2013 08:23:05 -0400 CBS Marketwatch http://www.industriesnews.net/story?sid=s215245561 BERLIN - Germany's chancellor is criticizing the Turkish security forces' crackdown against street protests as "much too strong." Angela Merkel told German broadcaster RTL Monday she was "appalled" to see footage from the past weekend when police forces moved in to clear Istanbul's Gezi park that had become a centre of the protests. She said that "what is ... http://www.industriesnews.net/story?sid=s215245593&cid=17 Mon, 17 Jun 2013 08:20:02 -0400 Canada.com http://www.industriesnews.net/story?sid=s215245593 Kerala News: Attingal: According to the police, a shop owner near the finance firm identified from CCTV images, one of the robbers of the four-member gang, aged around 60 years, standing in front of the firm on guard during the time of the ... http://www.industriesnews.net/story?sid=s215244528&cid=17 Mon, 17 Jun 2013 07:43:25 -0400 KeralaNext http://www.industriesnews.net/story?sid=s215244528 LONDON (MarketWatch) -- Growth in Germany is likely to slow over the summer, after a strong second quarter, the Bundesbank said in its monthly report on Monday. The central bank said production expectations for the coming months have been significantly scaled back recently given weaker orders in April, while the same goes for short-term export prospects. Additionally, the improvement in the labor ... http://www.industriesnews.net/story?sid=s215244590&cid=17 Mon, 17 Jun 2013 07:25:04 -0400 Market Watch http://www.industriesnews.net/story?sid=s215244590 Liverpool have spent large sums on players in the past few years, and their intentions to submit plans to expand Anfield before the start of next season were revealed earlier this ... http://www.industriesnews.net/story?sid=s215244591&cid=17 Mon, 17 Jun 2013 07:19:16 -0400 soccerway http://www.industriesnews.net/story?sid=s215244591 Mon Jun 17, 2013 6:59am EDT (Recasts with finance minister's comments) MOSCOW, June 17 (Reuters) - Russia has yet to decide on the dates and terms of a long-awaited $7 billion Eurobond placement, Finance Minister Anton Siluanov said on Monday, denying an earlier report that the country may sell the debt as early as mid-July. State news agency Prime, citing a source familiar with the ... http://www.industriesnews.net/story?sid=s215244535&cid=17 Mon, 17 Jun 2013 06:59:32 -0400 Reuters http://www.industriesnews.net/story?sid=s215244535 The UAE has one of the highest mobile phone penetration rates in the world, estimated at just under two devices per person. Jeffrey Biteng / The ... http://www.industriesnews.net/story?sid=s215243700&cid=17 Mon, 17 Jun 2013 06:52:16 -0400 The National http://www.industriesnews.net/story?sid=s215243700 Jazeera Airways Group chairman Marwan Boodai said: "With this deal, we have secured our funding requirements for the coming two years. NBK and DVB Bank SE are true long-term partners in our business and we are humbled by their continued support for our ... http://www.industriesnews.net/story?sid=s215243702&cid=17 Mon, 17 Jun 2013 06:23:48 -0400 Arabian Business http://www.industriesnews.net/story?sid=s215243702 Jun 17, 2013 - 01:23 - WAM DUBAI, June 17th, 2013 (WAM) -- The Emirates Identity Authority and Dubai Financial Market (DFM) have signed a strategic partnership agreement that recognises the "Smart" ID card as a main and permanent source of data relating to the beneficiaries of the electronic services provided by DFM. This agreement stems from both parties' keenness to develop ... http://www.industriesnews.net/story?sid=s215243703&cid=17 Mon, 17 Jun 2013 06:15:01 -0400 WAM http://www.industriesnews.net/story?sid=s215243703 Jun 17, 2013 - 12:50 - WAM ABU DHABI, June 17th, 2013 (WAM) -- The Central Bank of the UAE has hosted a meeting in support of the m-Government initiative launched on 22nd May, ... http://www.industriesnews.net/story?sid=s215243704&cid=17 Mon, 17 Jun 2013 06:15:01 -0400 WAM http://www.industriesnews.net/story?sid=s215243704 Sadara Chemical Co, a joint venture between Saudi Aramco and Dow Chemical , confirmed on Monday that it had signed loan facilities to support the construction of a $19.3bn petrochemical ... http://www.industriesnews.net/story?sid=s215243317&cid=17 Mon, 17 Jun 2013 05:44:26 -0400 Arabian Business http://www.industriesnews.net/story?sid=s215243317 LONDON, June 17 | Mon Jun 17, 2013 5:43am EDT LONDON, June 17 (Reuters) - Risk managers at UK-based banks, insurers and investment funds believe the chance of another financial crisis over the next three years has fallen to its lowest since 2008, a Bank of England survey showed on Monday. Some 24 percent of the financial institutions surveyed expect a "high-impact event" to ... http://www.industriesnews.net/story?sid=s215243662&cid=17 Mon, 17 Jun 2013 05:43:01 -0400 Reuters http://www.industriesnews.net/story?sid=s215243662 LONDON, June 17 | Mon Jun 17, 2013 5:39am EDT LONDON, June 17 (Reuters) - Emerging stocks posted modest gains on Monday, although weakness returned in Turkey as weekend unrest dented hopes for a moderation in clashes between the government and protesters. Investors were preoccupied by the prospects for an end to the U.S. Federal Reserve's liquidity largesse, but hopeful for soothing ... http://www.industriesnews.net/story?sid=s215243701&cid=17 Mon, 17 Jun 2013 05:39:35 -0400 Reuters http://www.industriesnews.net/story?sid=s215243701 India's central bank decided to keep its key interest rates steady as a weak currency and the huge current account deficit limited room for another rate cut.At the mid-quarter review on Monday, the Reserve Bank of India, led by Governor Duvvuri Subbarao, maintained the repo rate at 7.25 percent and the reverse repo rate at 6.25 percent.The repo rate is the rate at which the central bank ... http://www.industriesnews.net/story?sid=s215242275&cid=17 Mon, 17 Jun 2013 05:00:00 -0400 RTT News http://www.industriesnews.net/story?sid=s215242275 Sadara Chemical Co, a joint venture between Saudi Aramco and Dow Chemical, has signed a fundraising package for the $19.3bn petrochemical complex it is building in the east of the kingdom, three banking sources have ... http://www.industriesnews.net/story?sid=s215242631&cid=17 Mon, 17 Jun 2013 04:49:59 -0400 Arabian Business http://www.industriesnews.net/story?sid=s215242631 Australia It has been a volatile start to the new trading week, with the market swinging from steep losses early on to solid gains by the session's close.Stocks fell almost 1 per cent in the first hour of trading, but a turnaround in the banking sector at lunch time propelled the broader market to gains of about 0.5 per cent.The rally lost a bit of momentum late in the session, but a last ... http://www.industriesnews.net/story?sid=s215242276&cid=17 Mon, 17 Jun 2013 04:49:36 -0400 ABC Australia http://www.industriesnews.net/story?sid=s215242276 As you can see above, it was a rough week for the dollar falling against all of the major currencies. The biggest moves were against the JPY, AUD and NZD. As the dollar selloff gathered pace last week these currencies may have benefitted the most because they had come under the most selling pressure in recent months. After such large moves, the dollar is starting to look oversold, so a recovery ... http://www.industriesnews.net/story?sid=s215242277&cid=17 Mon, 17 Jun 2013 04:38:07 -0400 FXstreet http://www.industriesnews.net/story?sid=s215242277 Ben S. Bernanke thinking three weeks ago when he said that the Federal Reserve might soon cut back its stimulus efforts? While second-guessing the Fed is a parlor game that traders have played for decades, it is an exercise that has taken on heightened significance. The reason: In recent years, the markets have been more dependent on central bank support than at than any time in recent memory. So ... http://www.industriesnews.net/story?sid=s215242278&cid=17 Mon, 17 Jun 2013 04:35:18 -0400 Times of India http://www.industriesnews.net/story?sid=s215242278 The Australian dollar is slightly higher as traders wait for an announcement on whether the US Federal Reserve will wind down its economic stimulus measures. At 1700 AEST, the local unit was trading at 96.21 US cents, up from 95.94 cents on ... http://www.industriesnews.net/story?sid=s215241585&cid=17 Mon, 17 Jun 2013 04:10:44 -0400 Business News http://www.industriesnews.net/story?sid=s215241585 MUMBAI (AFP) - India's central bank kept its benchmark interest rates unchanged on Monday, after three successive cuts, citing inflationary concerns and a weak rupee in the face of a global economic slowdown.After meeting in the financial capital Mumbai, the Reserve Bank of India (RBI) said the benchmark repo rate, at which it lends to commercial banks, would be on hold at 7.25 percent, as ... http://www.industriesnews.net/story?sid=s215241586&cid=17 Mon, 17 Jun 2013 04:09:34 -0400 West Australian http://www.industriesnews.net/story?sid=s215241586 Chinese banks bought more foreign currency from clients than they sold in May, although the surplus was less than that of previous months, indicating relieved pressure from capital inflows.The forex surplus hit 17.2 billion US dollars in May, marking the ninth straight month of surplus in bank-to-client forex transactions, the State Administration of Foreign Exchange (SAFE) said.The surplus was ... http://www.industriesnews.net/story?sid=s215241595&cid=17 Mon, 17 Jun 2013 04:00:39 -0400 Global Times http://www.industriesnews.net/story?sid=s215241595 Central banks are very much in the spotlight. Whether it's poor communication or disappointment over the lack of fresh stimulus measures in Japan or opposition to the European Central Banks' (ECB) OMT policy being debated in the German constitutional court there is much to focus on. Against the background of heightened volatility and elevated risk aversion the Fed FOMC meeting on ... http://www.industriesnews.net/story?sid=s215241587&cid=17 Mon, 17 Jun 2013 03:45:48 -0400 FXstreet http://www.industriesnews.net/story?sid=s215241587 Representatives of the private sector that, according to Maria Kiwanuka, the finance minister, are Uganda's new donors have given kudos to the 2013/2014 budget. While meeting for their annual post-budget analysis at Kampala's Protea Hotel, they said the budget was 'very well delivered' since most of the government's aspirations met their own ambitions. They praised the ... http://www.industriesnews.net/story?sid=s215241567&cid=17 Mon, 17 Jun 2013 03:41:34 -0400 All Africa http://www.industriesnews.net/story?sid=s215241567 WASHINGTON -- Is the era of ultra-low interest rates nearing an end? That's the question -- and the fear -- Chairman Ben Bernanke will face this week when he takes questions after a Federal Reserve policy meeting. Financial markets have been gyrating in the 3 weeks since Bernanke told Congress the Fed might scale back its effort to keep long-term rates at record lows within "the next ... http://www.industriesnews.net/story?sid=s215240870&cid=17 Mon, 17 Jun 2013 03:15:41 -0400 Star Tribune http://www.industriesnews.net/story?sid=s215240870 DUBAI, June 17 | Mon Jun 17, 2013 2:52am EDT DUBAI, June 17 (Reuters) - Qatar Holding, the investment arm of the Gulf state's sovereign wealth fund, has sold its 10 percent stake in Porsche to the luxury automaker's family shareholders, Qatar Holding said in a statement on Monday. Qatar Holding said it sold the stake to the Porsche and Pich families; it did not disclose the value ... http://www.industriesnews.net/story?sid=s215241699&cid=17 Mon, 17 Jun 2013 02:52:52 -0400 Reuters http://www.industriesnews.net/story?sid=s215241699 Cleveland Mining Company has secured a $10 million finance facility to fund further exploration of its Brazilian portfolio of mining assets. The facility, which will be provided by Boston-based investment house Baycrest Capital, will have a three-year term and a limit on individual tranches of $500,000 ... http://www.industriesnews.net/story?sid=s215240374&cid=17 Mon, 17 Jun 2013 02:26:02 -0400 Business News http://www.industriesnews.net/story?sid=s215240374 LONDON, June 17 | Mon Jun 17, 2013 2:23am EDT LONDON, June 17 (Reuters) - Legal & General unveiled a new chief financial officer and a revamp of its management structure on Monday, taking further key steps in the reorganisation of its 440 billion pounds ($690 billion) savings, pensions and insurance business. The company has appointed Mark Gregory, currently head of its savings ... http://www.industriesnews.net/story?sid=s215240882&cid=17 Mon, 17 Jun 2013 02:23:20 -0400 Reuters http://www.industriesnews.net/story?sid=s215240882 Mon Jun 17, 2013 2:05am EDT June 17 (Reuters) - The following corporate finance-related stories were reported by media on Monday: * Starboard Value LP, a large activist investor in Smithfield Foods Inc, is pressuring the company to explore a break-up rather than go ahead with a planned $4.7 billion takeover by a Chinese meat producer, the Wall Street Journal reported. * Britain's Co-operative ... http://www.industriesnews.net/story?sid=s215240881&cid=17 Mon, 17 Jun 2013 02:05:03 -0400 Reuters http://www.industriesnews.net/story?sid=s215240881 HONG KONG (MarketWatch) -- The Reserve Bank of India on Monday left its policy lending rate unchanged at 7.25%, as widely expected, citing the risk of a potential increase in inflation even as domestic economic indicators continued to be downbeat. The central bank said its policy stance will be determined by how growth and inflation, as well as the country's balance of payments, evolve in ... http://www.industriesnews.net/story?sid=s215240399&cid=17 Mon, 17 Jun 2013 02:01:50 -0400 Market Watch http://www.industriesnews.net/story?sid=s215240399 One of Pittsburgh's state oversight boards is demanding that city officials explain this week why they haven't implemented a financial management system that was supposed to be in place by the end of last ... http://www.industriesnews.net/story?sid=s215239772&cid=17 Mon, 17 Jun 2013 01:08:31 -0400 Tribune Review http://www.industriesnews.net/story?sid=s215239772 Fitch Downgrades Detroit, Michigan to 'C'; Default Imminent Fitch Ratings has downgraded Detroit, Michigan's unlimited tax general obligation bonds to 'C' from 'CCC', citing imminent default. The rating downgrade reflects the Emergency Manager's Proposal for Creditors, released today, stating that the city will not make the debt service payment on its ... http://www.industriesnews.net/story?sid=s215239773&cid=17 Mon, 17 Jun 2013 01:08:07 -0400 Fitch Ratings http://www.industriesnews.net/story?sid=s215239773 Wall Street is cooking up another crisis -- making shoddy loans and selling worthless securities to investors hungry for higher yields than certificates of deposit and government bonds offer. Dodd-Frank banking reforms imposed very costly regulations on mortgage and commercial lending. Regional banks, which have solid knowledge of smaller businesses, couldn't bear these costs and sold out ... http://www.industriesnews.net/story?sid=s215239164&cid=17 Mon, 17 Jun 2013 00:06:31 -0400 Middle East Times http://www.industriesnews.net/story?sid=s215239164 Nick Jonas served as co-hosts of the event at Planet Hollywood Resort and Casino. Brady, 25, is a graduate of Central Connecticut State University with a degree in finance and a minor in criminal justice. She is a financial accountant for Prudential Retirement in Hartford. "Pageantry launches women forward into successful careers in business, politics, and entertainment," Brady is ... http://www.industriesnews.net/story?sid=s215238936&cid=17 Sun, 16 Jun 2013 23:11:17 -0400 Middle East Times http://www.industriesnews.net/story?sid=s215238936