Provides the latest RSS feeds for Financial Services News. For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page industriesnews.net http://www.industriesnews.net/financial_services/&cid=27 en-us Thu, 23 May 2013 08:45:30 -0400 Thu, 23 May 2013 08:45:30 -0400 30 WASHINGTON - Chairman of the Federal Reserve, Ben Bernanke Wednesday said it was too soon to scale back the monetary stimulus and the central bank needs to see further signs of traction before taking a decision. A decision to scale back the $85 billion in bonds the Fed is buying each month could come at one of the central bank's "next few meetings" if the economy looked set to maintain ... http://www.industriesnews.net/story?sid=s214698885&cid=27 Wed, 22 May 2013 17:25:11 -0400 http://www.industriesnews.net/story?sid=s214698885 The People's Bank of China (PBOC), the country's central bank, swung back to liquidity injection this week with 128 billion yuan ($20.9 billion) being pumped into the banking system through its regular open market operations. The PBOC move marked a turn-around in the central bank's open market operations last week when it drained 35 billion yuan from banks in the open market after hedging the ... http://www.industriesnews.net/story?sid=s214711836&cid=27 Thu, 23 May 2013 06:50:02 -0400 IANS http://www.industriesnews.net/story?sid=s214711836 The Group of Ministers (GoM) appointed to discuss modalities for ensuring greater independence for the Central Bureau of Investigation (CBI) will meet on Thursday in Finance Minister P. Chidambaram's office. According to a television channel report, the government had set up the GoM after the Supreme Court had pulled it over the lack of functional autonomy to the CBI. The Supreme Court in its ... http://www.industriesnews.net/story?sid=s214711091&cid=27 Thu, 23 May 2013 06:00:03 -0400 ANI http://www.industriesnews.net/story?sid=s214711091 Finance Commission head Richard Carrion has joined the race to succeed International Olympic Committee (IOC) president Jacques Rogge. The Puerto Rican will run against Thomas Bach, Ng Ser Miang and Wu Ching-kuo, who has yet to officially declare his intention to run, reports Xinhua. Carrion, 60, has no sporting background. He is chairman of a financial holding company and since 2002 has ... http://www.industriesnews.net/story?sid=s214708107&cid=27 Thu, 23 May 2013 02:30:01 -0400 IANS http://www.industriesnews.net/story?sid=s214708107 has cut its dividend by a third to help fund a multi-million pound investment programme, warning this would keep earnings below last year's level for the next two years.Shares in the British company, up sharply in the past month, slumped to a six-week low of 320 pence and were down 15 percent at 336p by 1049 GMT.Outlining his strategy on Thursday alongside an expected 22 percent drop in ... http://www.industriesnews.net/story?sid=s214712341&cid=27 Thu, 23 May 2013 07:43:23 -0400 West Australian http://www.industriesnews.net/story?sid=s214712341 A.M. Best Europe - Rating Services Limited has revised the outlook to positive from stable and affirmed the issuer credit rating (ICR) of "bbb" and the financial strength rating (FSR) of 'B++' (Good) of United Arab Emirates-based Dubai Insurance Company PSC ... http://www.industriesnews.net/story?sid=s214712342&cid=27 Thu, 23 May 2013 07:34:31 -0400 Insurance Journal http://www.industriesnews.net/story?sid=s214712342 A report by Standard & Poor’s Ratings Services notes that "for the two main insurance sectors, life and property/casualty (P/C), overall industry and country risks are, on average, much lower in developed than in emerging markets." S&P explained that it uses the "assessments as a factor in rating insurance companies, and have designed them to provide us and market ... http://www.industriesnews.net/story?sid=s214712215&cid=27 Thu, 23 May 2013 07:34:30 -0400 Insurance Journal http://www.industriesnews.net/story?sid=s214712215 This quarterly earnings news release should be read in conjunction with our unaudited Second Quarter 2013 Report to Shareholders for the three and six months ended April 30, 2013, prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (IFRS), which is available on our website ... http://www.industriesnews.net/story?sid=s214712307&cid=27 Thu, 23 May 2013 07:24:31 -0400 CNW Group http://www.industriesnews.net/story?sid=s214712307 May 23, 2013 /CNW/ - The Toronto-Dominion Bank (the Bank) today announced that a dividend in an amount of eighty-one cents (81 cents) per fully paid common share in the capital stock of the Bank has been declared for the quarter ... http://www.industriesnews.net/story?sid=s214712306&cid=27 Thu, 23 May 2013 07:24:31 -0400 CNW Group http://www.industriesnews.net/story?sid=s214712306 May 23, 2013 /CNW/ - TD Bank Group (TD) (TSX: TD) announced today that, subject to the approval of the Office of the Superintendent of Financial ... http://www.industriesnews.net/story?sid=s214712308&cid=27 Thu, 23 May 2013 07:24:28 -0400 CNW Group http://www.industriesnews.net/story?sid=s214712308 May 23, 2013 /CNW/ - Canada's housing market remained under moderate affordability-related stress in the first quarter of 2013, as housing affordability stayed in the holding pattern that began in early 2010, according to the ... http://www.industriesnews.net/story?sid=s214712309&cid=27 Thu, 23 May 2013 07:24:27 -0400 CNW Group http://www.industriesnews.net/story?sid=s214712309 SAN FRANCISCO (MarketWatch) -- On the same day that it unveiled a mega-costly $1.1 billion deal to buy Tumblr, Yahoo Inc. also revamped its Flickr photo-sharing service in a really big -- and possibly costly -- ... http://www.industriesnews.net/story?sid=s214712273&cid=27 Thu, 23 May 2013 07:14:33 -0400 CBS Marketwatch http://www.industriesnews.net/story?sid=s214712273 Now that the stock market is hitting new highs, some advisers say it's the right time for retirement savers to review how their assets are allocated and whether it might make sense to rebalance their 401(k) and other portfolios given their current career stage and ... http://www.industriesnews.net/story?sid=s214712274&cid=27 Thu, 23 May 2013 07:14:32 -0400 CBS Marketwatch http://www.industriesnews.net/story?sid=s214712274 - Fed Chairman struck a less dovish tone during his address of congressional committee. - FOMC Minutes underscored a growing rift within the Fed: Many members needed more data before reducing purchases; Most prepared to adjust purchase pace up or down; a number willing to reduce purchases as soon as June -ECB's Praet: ECB could expand range of tools used if needed to fight deflation -China ... http://www.industriesnews.net/story?sid=s214712252&cid=27 Thu, 23 May 2013 07:13:56 -0400 FXstreet http://www.industriesnews.net/story?sid=s214712252 Pearson .As part of the organisation's restructure, the FT Group will disappear and the newspaper will become part of a unit called "professional". Its chief executive will be John Ridding, who is currently CEO of the FT group.Professional will also include Pearson's global English learning business and its electronic testing business. It is hard to see what these three very ... http://www.industriesnews.net/story?sid=s214712231&cid=27 Thu, 23 May 2013 07:13:50 -0400 The Guardian http://www.industriesnews.net/story?sid=s214712231 LONDON – U.K.'s benchmark FTSE 100 stock index retreated from a 13-year high on Thursday, with resource firms adding pressure after disappointing Chinese manufacturing data fueled worries about growth recovery in the Asian nation.The FTSE 100 index slumped 1.9%, after climbing to the highest close since December 1999 on Wednesday.Mining firms were among biggest decliners, after ... http://www.industriesnews.net/story?sid=s214712204&cid=27 Thu, 23 May 2013 07:13:32 -0400 Fox Business http://www.industriesnews.net/story?sid=s214712204 Given that retirement is so close at hand, a sensible starting point for this couple is to sketch out their anticipated income needs on a year-by-year basis, then subtract their certain sources of income such as Social Security. They can then test the sustainability of their planned withdrawal ... http://www.industriesnews.net/story?sid=s214712344&cid=27 Thu, 23 May 2013 07:12:29 -0400 Morning Star http://www.industriesnews.net/story?sid=s214712344 It wasa sea of red across Asian markets on Thursday with Japan's Nikkei share average tumbling 7.3% after dismal Chinese industry data stoked fresh concerns about growth in the world's second-largest economy. Worries about the U.S. Fed Reserve rolling back stimulus measures soon only added to the ... http://www.industriesnews.net/story?sid=s214712343&cid=27 Thu, 23 May 2013 07:12:28 -0400 Morning Star http://www.industriesnews.net/story?sid=s214712343 BRUSSELS (AFP) - The European Commission announced on Thursday it was ready to open negotiations with China, one of the EU's most important trading partners, on an investment protection accord.The announcement comes in the midst of a series of tit-for-tat trade disputes between Brussels and Beijing and as the EU begins talks with Washington on what could be the largest ever Free Trade ... http://www.industriesnews.net/story?sid=s214712345&cid=27 Thu, 23 May 2013 07:08:27 -0400 The West Australian http://www.industriesnews.net/story?sid=s214712345 The European Stability Mechanism could be used to provide further capital to banks in Ireland according to IMF director Ajai Chopra. He said the ESM was a workable, feasible and created the right incentives. He said "our view is that is should be ... http://www.industriesnews.net/story?sid=s214711247&cid=27 Thu, 23 May 2013 06:29:08 -0400 RTE http://www.industriesnews.net/story?sid=s214711247 A product control worker tells Joris he doesn't face real homophobia, but that he doesn't see gay people in front-office trading positions. Join him in the ... http://www.industriesnews.net/story?sid=s214711145&cid=27 Thu, 23 May 2013 06:22:26 -0400 Guardian http://www.industriesnews.net/story?sid=s214711145 /enpproperty--> Chinese official data have understated foreign direct investment from China to Africa by at least $5 billion, said the South Africa-based Standard Bank in a report released on Wednesday. "In Africa, evidence suggests that Chinese data may underreport the number of investment projects by as much as two thirds," said Jeremy Stevens, the bank's Beijing-based ... http://www.industriesnews.net/story?sid=s214711248&cid=27 Thu, 23 May 2013 06:19:45 -0400 China Daily http://www.industriesnews.net/story?sid=s214711248 The Board of Directors of the African Development Bank (AfDB) approved on Tuesday, May 22, a USD 100 million unfunded Risk Participation Agreement (RPA) between the AfDB and Commerzbank AG under which the two banks will share the default risk on a portfolio of qualifying trade transactions originated by issuing banks in Africa and confirmed by Commerzbank AG. This facility will help address ... http://www.industriesnews.net/story?sid=s214711174&cid=27 Thu, 23 May 2013 06:17:15 -0400 ADBG http://www.industriesnews.net/story?sid=s214711174 May 21, 2013 /CNW Telbec/ - Jean-Guy Desjardins, Chairman of the Board, Chief Executive Officer, and Chief Investment Officer, invites the media to Fiera Capital's annual and special meeting of shareholders ... http://www.industriesnews.net/story?sid=s214711224&cid=27 Thu, 23 May 2013 06:13:54 -0400 CNW Group http://www.industriesnews.net/story?sid=s214711224 VIENNA | Thu May 23, 2013 6:05am EDT VIENNA May 23 (Reuters) - The time has not yet come for central banks to start unwinding massive intervention they launched to prop up weak economies, European Central Bank Governing Council member Ewald Nowotny said on Thursday. Central banks always need to be ready to rein in extraordinary support they provide if warranted, he told a news ... http://www.industriesnews.net/story?sid=s214712310&cid=27 Thu, 23 May 2013 06:05:14 -0400 Reuters http://www.industriesnews.net/story?sid=s214712310 "I thought the pace of the Nikkei's rise recently was faster than expected," economy minister Akira Amari said. "The weak Chinese data prompted investors to take profits all at the same ... http://www.industriesnews.net/story?sid=s214711202&cid=27 Thu, 23 May 2013 06:04:52 -0400 CBS Marketwatch http://www.industriesnews.net/story?sid=s214711202 Fitch: Recession Concern Dampens European Investor Sentiment An increasing number of investors expect fundamental credit conditions will deteriorate across sectors, according to a Fitch Ratings investor survey. The more circumspect sentiment was most notable for the sovereign segment, where the proportion of survey respondents anticipating worsening conditions more than doubled to 55%, from 24% ... http://www.industriesnews.net/story?sid=s214711182&cid=27 Thu, 23 May 2013 06:03:09 -0400 Fitch Ratings http://www.industriesnews.net/story?sid=s214711182 Bahrain's Al Salam Bank and BMI Bank, an affiliate of Oman's Bank Muscat, have announced plans to merge, a tie-up which would create the kingdom's third-largest bank by assets, the lenders said in a ... http://www.industriesnews.net/story?sid=s214711228&cid=27 Thu, 23 May 2013 05:59:03 -0400 Arabian Business http://www.industriesnews.net/story?sid=s214711228 Policies aimed at re-directing the nation's investment, trade, industry and enterprise potential may have started yielding results. If the trend continues, the Nigerian economy's dependence on crude oil alone will be halted. Oil had, unexpectedly, skewed the country's balance of trade in favour of its trading partners. The United Nations Commission on Trade and Development's ... http://www.industriesnews.net/story?sid=s214711249&cid=27 Thu, 23 May 2013 05:57:24 -0400 All Africa http://www.industriesnews.net/story?sid=s214711249 MOSCOW, May 22 (Itar-Tass) - The Russian Finance Ministry forecasts the growth of the budget deficit below 0.6% of GDP in 2014, below 0.7% in 2015 and 0.6% of GDP in 2016, Finance Minister Anton Siluanov told reporters on ... http://www.industriesnews.net/story?sid=s214710209&cid=27 Thu, 23 May 2013 05:16:12 -0400 Itar Tass http://www.industriesnews.net/story?sid=s214710209 Fitch: Recession Concern Dampens European Investor Sentiment An increasing number of investors expect fundamental credit conditions will deteriorate across sectors, according to a Fitch Ratings investor survey. The more circumspect sentiment was most notable for the sovereign segment, where the proportion of survey respondents anticipating worsening conditions more than doubled to 55%, from 24% ... http://www.industriesnews.net/story?sid=s214710220&cid=27 Thu, 23 May 2013 04:54:50 -0400 Fitch Ratings http://www.industriesnews.net/story?sid=s214710220 Fitch: Recession Concern Dampens European Investor Sentiment An increasing number of investors expect fundamental credit conditions will deteriorate across sectors, according to a Fitch Ratings investor survey. The more circumspect sentiment was most notable for the sovereign segment, where the proportion of survey respondents anticipating worsening conditions more than doubled to 55%, from 24% ... http://www.industriesnews.net/story?sid=s214710221&cid=27 Thu, 23 May 2013 04:54:32 -0400 Fitch Ratings http://www.industriesnews.net/story?sid=s214710221 Lagos - International Oil Companies (IOCs) have expressed readiness to invest $165 billion (about N25.9 trillion) in Nigeria in the next five years. The companies said such investment will go into new oil and gas development and infrastructure that will boost production and develop industry competences. Managing Director of Shell Nigeria Exploration and Production Company Chika Onyejekwe, who ... http://www.industriesnews.net/story?sid=s214710270&cid=27 Thu, 23 May 2013 04:49:16 -0400 All Africa http://www.industriesnews.net/story?sid=s214710270 Clyde Russell argues the tapering off in investment sooner than previously forecast lessens the chances of a major boom-bust outcome, similar to that which has plagued previous commodity ... http://www.industriesnews.net/story?sid=s214709139&cid=27 Thu, 23 May 2013 04:08:05 -0400 Mine Web http://www.industriesnews.net/story?sid=s214709139 The banks are preparing to yet again toughen up their conditions for loans to small and medium-sized firms, the Financieele Dagblad reports on Thursday. The paper says half the banks have already made changes in the first three months of this year and more changes are on the way. The paper bases its claims on a survey by the Dutch central bank. Higher interest rates, smaller loans and tougher ... http://www.industriesnews.net/story?sid=s214709140&cid=27 Thu, 23 May 2013 04:02:42 -0400 Dutch News.nl http://www.industriesnews.net/story?sid=s214709140 Thu May 23, 2013 3:50am EDT (Repeat for additional subscribers) May 23 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings has upgraded the rating National Long-Term PT BCA Finance's (BCAF) to 'AAA (idn)' from 'AA + (idn)'with a Stable outlook. Fitch also upgraded the senior bonds currency III/2010 rupiah, IV/2011, continuous bond tranche ... http://www.industriesnews.net/story?sid=s214710218&cid=27 Thu, 23 May 2013 03:50:05 -0400 Reuters http://www.industriesnews.net/story?sid=s214710218 TOKYO (MarketWatch) -- Japanese government bonds swung wildly on Thursday, recouping morning losses after the Bank of Japan acted to stabilize the market ... http://www.industriesnews.net/story?sid=s214709094&cid=27 Thu, 23 May 2013 03:46:09 -0400 CBS Marketwatch http://www.industriesnews.net/story?sid=s214709094 Following the terrorist attacks of September 11, 2001, a nationwide "counter terrorism" apparatus emerged. And it has turned on dissenters like the Occupy ... http://www.industriesnews.net/story?sid=s214709142&cid=27 Thu, 23 May 2013 03:43:12 -0400 AlterNet http://www.industriesnews.net/story?sid=s214709142 HANOI, May 23 (Reuters) - Vietnam's benchmark stock index ended down 0.8 percent as foreign and domestic investors sold banking and property stocks after losses in overseas markers in Japan and China, traders said. Exchange-traded funds sold shares in the two sectors, including Hanoi-based Vietcombank, Vietnam's third-largest partly private bank, after Japan's market lost more than ... http://www.industriesnews.net/story?sid=s214710269&cid=27 Thu, 23 May 2013 03:43:05 -0400 Reuters http://www.industriesnews.net/story?sid=s214710269 Almost €7 million in funding for 62 early stage scientific research projects is to be announced by the Government. The funding is being targeted at projects which may have a commercial benefit with further development. The investment is being made as part of Science Foundation Ireland's Technology Innovation Development Award programme. It is also being carried out in collaboration ... http://www.industriesnews.net/story?sid=s214708179&cid=27 Thu, 23 May 2013 03:00:36 -0400 RTE http://www.industriesnews.net/story?sid=s214708179 Finance Minister Pravin Gordhan says companies, the government and labour unions need to compromise to end disputes that are halting South African ... http://www.industriesnews.net/story?sid=s214708152&cid=27 Thu, 23 May 2013 02:57:10 -0400 Mine Web http://www.industriesnews.net/story?sid=s214708152 /enpproperty--> Chinese insurance companies are seeking real estate investment opportunities in the Australian market, according to research from international real estate service provider Savills. Foreign Investors by the end of March, although only accounting for 19 percent of Australian CBD office transactions, were the greatest net investors in the market, the report showed. "We are ... http://www.industriesnews.net/story?sid=s214708212&cid=27 Thu, 23 May 2013 02:51:05 -0400 China Daily http://www.industriesnews.net/story?sid=s214708212 DUBAI | Thu May 23, 2013 2:50am EDT DUBAI May 23 (Reuters) - Bahrain's Al Salam Bank and BMI Bank, an affiliate of Oman's Bank Muscat, have announced plans to merge, a tie-up which would create the kingdom's third-largest bank by assets, the lenders said in a statement. A committee has been created by the two banks to administer the merger process, which would create a bank ... http://www.industriesnews.net/story?sid=s214709141&cid=27 Thu, 23 May 2013 02:50:05 -0400 Reuters http://www.industriesnews.net/story?sid=s214709141 Dubai's Majid Al Futtaim (MAF), which is buying Carrefour's stake in a regional joint venture, has picked five banks to arrange the sale of a dollar-denominated hybrid bond, a document from lead arrangers ... http://www.industriesnews.net/story?sid=s214708213&cid=27 Thu, 23 May 2013 02:48:17 -0400 Arabian Business http://www.industriesnews.net/story?sid=s214708213 Dominion Finance boss guilty of theft Paul Cropp, the former chief executive of failed lenders Dominion Finance and North South Finance, has been jailed for two years and seven months after being convicted on fraud charges last month. Cropp was sentenced in the High Court in Auckland having been found guilty of four charges leveled by the Serious Fraud Office over related party lending of some ... http://www.industriesnews.net/story?sid=s214708155&cid=27 Thu, 23 May 2013 02:47:02 -0400 TVNZ http://www.industriesnews.net/story?sid=s214708155 VICE-President Dr Mohammed Gharib Bilal hinted that Tanzania should produce 80 000 skilled graduates annually to meet the demand for skilled workforce. "This calls for enormous additional investment in the higher education infrastructure to double the current intake of 40,000 students on an immediate basis," Dr Bilal said in Dar es Salaam, while officiating at the 8th exhibition of ... http://www.industriesnews.net/story?sid=s214708215&cid=27 Thu, 23 May 2013 02:28:04 -0400 All Africa http://www.industriesnews.net/story?sid=s214708215 JAKARTA | Thu May 23, 2013 2:06am EDT JAKARTA May 23 (Reuters) - Indonesia's chief financial regulator, who will have oversight of the bank sector from next year, said a new banking law was certain to come into force in 2014. Legislators are already drafting the law which senior MPs told Reuters on Wednesday they expected to include a maximum 51 percent limit on the amount a foreign ... http://www.industriesnews.net/story?sid=s214708199&cid=27 Thu, 23 May 2013 02:06:37 -0400 Reuters http://www.industriesnews.net/story?sid=s214708199 State auditors say Seattle Public Schools used some federal grant money for purposes outside the scope of the grants. The district must repay as much as ... http://www.industriesnews.net/story?sid=s214707265&cid=27 Thu, 23 May 2013 01:46:18 -0400 The Seattle Times http://www.industriesnews.net/story?sid=s214707265 Detroit - A former aide for a state lawmaker says the representative forced him to have sex and gave him a raise in an attempt to forge a romantic relationship. Tramaine Cotton, 29, is making his allegations against freshman state Rep. Brian Banks, D-Harper Woods, in a sexual harassment lawsuit filed Monday in Wayne County Circuit Court. In his complaint Cotton also says he was subjected to a ... http://www.industriesnews.net/story?sid=s214707294&cid=27 Thu, 23 May 2013 01:44:34 -0400 The Detroit News http://www.industriesnews.net/story?sid=s214707294 Asian markets declined Thursday after a weaker-than-expected Chinesemanufacturing datadented confidence and as investors feared the U.S. Federal Reserve was set to roll back monetary ... http://www.industriesnews.net/story?sid=s214707296&cid=27 Thu, 23 May 2013 01:27:09 -0400 Morning Star http://www.industriesnews.net/story?sid=s214707296 Pension plans can make all the difference in how financially well off U.S. retirees are, Gallup's annual Economy and Personal Finance survey indicates. The survey of 2,000 U.S. adults, including 636 retirees, conducted April 4-14, found U.S. retirees with $50,000 or more in annual income were twice as likely as retirees below that threshold to have a work-sponsored pension plan as a major ... http://www.industriesnews.net/story?sid=s214707990&cid=27 Thu, 23 May 2013 01:18:32 -0400 Middle East Times http://www.industriesnews.net/story?sid=s214707990 China's top economic planning agency has revised its policy guidelines to encourage more foreign investment into the industrial upgrade of the country's central and western ... http://www.industriesnews.net/story?sid=s214705168&cid=27 Wed, 22 May 2013 23:39:25 -0400 whatsonsanya http://www.industriesnews.net/story?sid=s214705168 Joe Hockey thinks Treasury's budget figures are 'Wayne Swan's numbers'. Attacks on public servants are not new but this recent talk about a politicised Treasury is nonsense, writes Ben ... http://www.industriesnews.net/story?sid=s214705148&cid=27 Wed, 22 May 2013 23:14:57 -0400 New Matilda http://www.industriesnews.net/story?sid=s214705148 (Reuters) - A group of investment firms including Citadel Securities LLC sued the Chicago Board Options Exchange Inc and four other exchanges on Wednesday for improper charges on millions of options trades over a seven-year ... http://www.industriesnews.net/story?sid=s214705087&cid=27 Wed, 22 May 2013 23:11:58 -0400 Reuters http://www.industriesnews.net/story?sid=s214705087 LOS ANGELES (MarketWatch) -- China's manufacturing activity has swung to contraction in May after months of slowing growth, according to preliminary data released Thursday from HSBC, with the results slamming ... http://www.industriesnews.net/story?sid=s214705116&cid=27 Wed, 22 May 2013 23:08:34 -0400 Market Watch http://www.industriesnews.net/story?sid=s214705116 Additional regulations faced by banks are having a mixed effect on financial technology provider Fiserv Inc., the company's chief executive said Wednesday. CEO Jeffery Yabuki said that while Fiserv has technology to help banks comply with some of the new rules, the cost of compliance is cutting into funds that otherwise might be spent on Fiserv products that could improve a bank's ... http://www.industriesnews.net/story?sid=s214704180&cid=27 Wed, 22 May 2013 22:18:38 -0400 Journal Sentinel http://www.industriesnews.net/story?sid=s214704180 The Australian Office of Financial Management (AOFM), which conducts bond auctions on the behalf of the government said the notes were sold for a weighted average yield of 2.5249 per centThe sale attracted bids totalling that totalled $3.956 billion, giving a relatively high coverage ratio of ... http://www.industriesnews.net/story?sid=s214704156&cid=27 Wed, 22 May 2013 21:58:57 -0400 News.com.au http://www.industriesnews.net/story?sid=s214704156 LOS ANGELES (MarketWatch) - Stocks in Australia slipped Thursday, with miners and banks lower as investors awaited monthly data about manufacturing-sector activity in China, Australia's largest trading partner. The S&P/ASX ... http://www.industriesnews.net/story?sid=s214703035&cid=27 Wed, 22 May 2013 20:49:34 -0400 Market Watch http://www.industriesnews.net/story?sid=s214703035 HONG KONG (MarketWatch) -- Japanese stocks on Thursday sidestepped concerns that the U.S. Federal Reserve may downscale its monetary stimulus to rise further toward multiyear highs, with a weakened yen giving several exporters a lift and offsetting losses in banks. The Nikkei Stock ... http://www.industriesnews.net/story?sid=s214703034&cid=27 Wed, 22 May 2013 20:49:33 -0400 Market Watch http://www.industriesnews.net/story?sid=s214703034 BEIJING (Reuters) - European aid groups said their banks in Europe had stopped sending money to North Korea in the wake of U.S. sanctions on Pyongyang's main foreign exchange bank, leaving them scrambling for a solution short of hand-carrying cash into the impoverished ... http://www.industriesnews.net/story?sid=s214701729&cid=27 Wed, 22 May 2013 19:43:37 -0400 Reuters http://www.industriesnews.net/story?sid=s214701729 Dominion Finance trial hinges on luxury property Former Dominion Finance director Robert Barry Whale has pleaded guilty to seven charges of issuing misleading statements to investors who lost a total of $176.9 million when the company collapsed in 2008. Last month Whale - a partner at law firm Jones Young - was acquitted on five counts of theft related to the collapse of Dominion Finance Group ... http://www.industriesnews.net/story?sid=s214700347&cid=27 Wed, 22 May 2013 18:43:09 -0400 TVNZ http://www.industriesnews.net/story?sid=s214700347 Vancouver International Jazz Festival is thrilled to celebrate 10 years of partnership with TD Bank Group. Over the past decade, TD's generous support has enabled the Festival to bring thousands of the best home-grown and international artists ... http://www.industriesnews.net/story?sid=s214700389&cid=27 Wed, 22 May 2013 18:41:04 -0400 CNW Group http://www.industriesnews.net/story?sid=s214700389 May 22, 2013 /CNW/ - A Hearing Panel of the MFDA's Central Regional Council has issued its Reasons for Decision in connection with the disciplinary hearing held ... http://www.industriesnews.net/story?sid=s214700390&cid=27 Wed, 22 May 2013 18:41:03 -0400 CNW Group http://www.industriesnews.net/story?sid=s214700390 The investment objective of ROI Canadian Real Estate Fund is to provide unitholders with attractive risk adjusted, monthly, tax advantaged cash distributions, a nominal current yield, some long-term capital appreciation and preservation of capital by investing primarily, directly or indirectly in, or by obtaining economic exposure through the forward agreement to, an actively managed ... http://www.industriesnews.net/story?sid=s214700391&cid=27 Wed, 22 May 2013 18:41:02 -0400 CNW Group http://www.industriesnews.net/story?sid=s214700391 With more than 40 million people--roughly a third of working Americans--not getting enough shut-eye, it's no wonder everyone from furniture makers to pharmaceutical companies are offering products to help. But how can a sleep-deprived person know whom to trust? Find out in today's Personal Finance ... http://www.industriesnews.net/story?sid=s214701475&cid=27 Wed, 22 May 2013 18:38:28 -0400 General Sources http://www.industriesnews.net/story?sid=s214701475 Mr. deRegt told Morgan Stanley CEO James Gorman of his intention to retire and join a new firm, Canarsie Capital Group, as a partner. The news followed a first quarter in which Morgan Stanley's bond trading unit dragged down ... http://www.industriesnews.net/story?sid=s214700425&cid=27 Wed, 22 May 2013 18:32:05 -0400 Market Watch http://www.industriesnews.net/story?sid=s214700425 By Soyoung Kim NEW YORK | Wed May 22, 2013 6:01pm EDT NEW YORK May 22 (Reuters) - Building products maker CPG International is being prepared for a sale by its private equity owner, a deal that could fetch between $1 billion and $1.5 billion, according to three people familiar with the matter. Buyout firm AEA Investors LP has hired Barclays and Deutsche Bank to find a buyer for CPG, ... http://www.industriesnews.net/story?sid=s214700407&cid=27 Wed, 22 May 2013 18:01:59 -0400 Reuters http://www.industriesnews.net/story?sid=s214700407 Zach Johnson of the U.S. tees off on the second hole during the second round of The Players Championship PGA golf tournament at TPC Sawgrass in Ponte Vedra Beach, Florida May 10, 2013. REUTERS/Chris ... http://www.industriesnews.net/story?sid=s214699057&cid=27 Wed, 22 May 2013 17:46:57 -0400 SBS http://www.industriesnews.net/story?sid=s214699057 Raw data on lobbying and campaign finance scrubbed of personal data such as addresses and bank accounts will be available online from the state of California for download as a single file by Labor Day. Raw data on lobbying and campaign finance scrubbed of personal data such as addresses and bank accounts will be available online for download as a single file by Labor Day, a spokeswoman for ... http://www.industriesnews.net/story?sid=s214700346&cid=27 Wed, 22 May 2013 17:35:56 -0400 Business Journal http://www.industriesnews.net/story?sid=s214700346 May 22, 2013 /CNW/ - Starlight U.S. Multi-Family Core Fund (TSXV:UMF.A,UMF.U; the "Fund") announced today its first cash distribution on the outstanding Class A Units, Class C Units, Class F Units, Class I Units and Class U Units (collectively, the "Units"). The distribution per class of Units will be as ... http://www.industriesnews.net/story?sid=s214699018&cid=27 Wed, 22 May 2013 17:31:52 -0400 CNW Group http://www.industriesnews.net/story?sid=s214699018 May 22, 2013 /CNW/ - Trading resumes in: Company: CORNERSTONE METALS INC. TSX-Venture Symbol: CCC Resumption: At the open ... http://www.industriesnews.net/story?sid=s214699058&cid=27 Wed, 22 May 2013 17:31:51 -0400 CNW Group http://www.industriesnews.net/story?sid=s214699058 May 22, 2013 /CNW/ - The Commission issued an Order which provides that McManus is granted leave to withdraw as representative for the Respondents in the above noted matter. A copy of the Order ... http://www.industriesnews.net/story?sid=s214699020&cid=27 Wed, 22 May 2013 17:31:51 -0400 CNW Group http://www.industriesnews.net/story?sid=s214699020 PowerShares Global Clean Energy Class PowerShares Global Gold and Precious Metals Class PowerShares Global Water Class ... http://www.industriesnews.net/story?sid=s214699019&cid=27 Wed, 22 May 2013 17:31:50 -0400 CNW Group http://www.industriesnews.net/story?sid=s214699019 HAMILTON COUNTY, Ind. (WISH) - Authorities in Hamilton County want to make sure more than police and firefighters are ready to respond to a disaster like the deadly Oklahoma tornado. They're also urging dozens of food pantries to have a plan. Hamilton County's 34 food banks serve more than 6,000 people and Emergency Management Agency Director Tom Sivak said, in a disaster, they'd ... http://www.industriesnews.net/story?sid=s214699050&cid=27 Wed, 22 May 2013 17:26:06 -0400 WISH TV8 http://www.industriesnews.net/story?sid=s214699050 SAN FRANCISCO (MarketWatch) -- Energy stocks lost steam Wednesday, ending lower alongside the broader U.S. equity market as Federal Reserve Chairman Ben Bernanke signaled Fed may begin tapering its bond buying in coming ... http://www.industriesnews.net/story?sid=s214699060&cid=27 Wed, 22 May 2013 17:22:39 -0400 Market Watch http://www.industriesnews.net/story?sid=s214699060 Ben Bernanke's testimony to Congress , in which he lauded the benefits of the Fed's current bond-buying program, stocks ended lower after the release of the minutes from the Federal Open Market Committee's May policy ... http://www.industriesnews.net/story?sid=s214699061&cid=27 Wed, 22 May 2013 17:20:32 -0400 Morning Star http://www.industriesnews.net/story?sid=s214699061 Elizabeth Warren, who by Senate tradition ought to be a meek, eyes-down freshman, turned in another stellar performance Wednesday at a Banking Committee hearing with Treasury Secretary Jack Lew in the hot seat. Warren began by asking whether Treasury had changed its views on banks that were judged "too big to fail" back in 2008 since four of these institutions have grown 30 percent ... http://www.industriesnews.net/story?sid=s214699023&cid=27 Wed, 22 May 2013 17:19:35 -0400 Daily Kos http://www.industriesnews.net/story?sid=s214699023 Female entrepreneurs in Nepal say they face many challenges, the largest being a lack of financial assistance from the government and nongovernmental organizations. There are an estimated 30,000 female entrepreneurs in Nepal. Female entrepreneurs who receive free trainings seek to empower other craftswomen by hiring them, marketing their crafts and offering alternative business ... http://www.industriesnews.net/story?sid=s214699027&cid=27 Wed, 22 May 2013 17:12:13 -0400 Middle East Times http://www.industriesnews.net/story?sid=s214699027 WAM ABU DHABI, 22 May, 2013 -- Nasser Ahmed Alsowaidi, Chairman of the Abu Dhabi Department of Economic Development (ADDED) opened the Abu Dhabi Investment Forum in Paris today, in the presence of a high-level Government delegation from the Emirate of Abu Dhabi and more than 200 senior French officials, businessmen and investors. In his speech, Nasser Alsowaidi said that the Forum represents ... http://www.industriesnews.net/story?sid=s214699062&cid=27 Wed, 22 May 2013 17:07:42 -0400 WAM http://www.industriesnews.net/story?sid=s214699062 * TSX rises 10.07 points, or 0.08 percent, at 12,752.50 * Seven of 10 main sectors decline * Gold shares add more than 2 percent By John Tilak TORONTO, May 22 (Reuters) - Canada's main stock index climbed on Wednesday, led by gold miners, after a day of choppy trading as optimism that the U.S. Federal Reserve will keep its easy money policy in place for now was tempered by fears of a stimulus ... http://www.industriesnews.net/story?sid=s214699059&cid=27 Wed, 22 May 2013 17:01:22 -0400 Reuters http://www.industriesnews.net/story?sid=s214699059 RALEIGH, N.C. (AP) -- A chairman of the state House Finance Committee says he's stepping down over displeasure with decisions of the Republican-led legislature and mistreatment from Speaker Thom ... http://www.industriesnews.net/story?sid=s214698584&cid=27 Wed, 22 May 2013 16:15:56 -0400 Associated Press http://www.industriesnews.net/story?sid=s214698584 Super Bowl to predict stock market returns, why not a plague of locusts? There are already goldbugs, so why not bug bugs? Standard & Poor's market-data guru Howard Silverblatt agrees. When MarketWatch called to sound him out this morning, it turned out he'd already thought to check out the cicada market theory and had been pleasantly surprised by the results. Of course, that ... http://www.industriesnews.net/story?sid=s214697511&cid=27 Wed, 22 May 2013 16:12:10 -0400 Market Watch http://www.industriesnews.net/story?sid=s214697511 PARIS -- The European Union has announced a series of measures to crack down on tax avoidance and fraud, including the automatic exchange of bank information to catch cheats. European Union President Herman Van Rompuy hailed as "unprecedented" a series of measures against tax evasion agreed to Wednesday by the bloc's 27 leaders during a brief summit in Brussels. Among them: ... http://www.industriesnews.net/story?sid=s214696417&cid=27 Wed, 22 May 2013 15:31:08 -0400 VOA http://www.industriesnews.net/story?sid=s214696417 $50,000 donation by the RBC Foundation USA, a charitable entity funded jointly by the bank's Capital Markets and Wealth Management businesses in the U.S., to the American Red Cross Disaster Relief Fund to support the relief and humanitarian efforts in Oklahoma. "RBC iscommitted to helping residents recover and rebuild from thispowerful tornado," ... http://www.industriesnews.net/story?sid=s214696108&cid=27 Wed, 22 May 2013 15:09:15 -0400 CNW Group http://www.industriesnews.net/story?sid=s214696108 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=s214696159&cid=27 Wed, 22 May 2013 15:09:15 -0400 CNW Group http://www.industriesnews.net/story?sid=s214696159 WASHINGTON (MarketWatch) -- A number of Federal Reserve officials were willing to slow down the pace of the purchases as early as the June meeting if the data continued to improve, according to the minutes of the April 30-May 1 policy meeting released on ... http://www.industriesnews.net/story?sid=s214696074&cid=27 Wed, 22 May 2013 15:00:10 -0400 CBS Marketwatch http://www.industriesnews.net/story?sid=s214696074 +1.00% on Wednesday unveiled new targets for pruning GE Capital that could see the big finance arm reduced by the end of 2014 to less than half its size in the run-up to the 2008 financial ... http://www.industriesnews.net/story?sid=s214696160&cid=27 Wed, 22 May 2013 14:59:59 -0400 Market Watch http://www.industriesnews.net/story?sid=s214696160 Bachus made the comment to Treasury Sec. Jacob Lew, who testified before the House Financial Services Committee about the inter-agency group he chairs known as the Financial Stability Oversight Council. The council was set up after the 2008 crisis to help regulators share information, coordinate their actions and identify future risks to the ... http://www.industriesnews.net/story?sid=s214696161&cid=27 Wed, 22 May 2013 14:59:57 -0400 Market Watch http://www.industriesnews.net/story?sid=s214696161 European leaders have thrown their weight behind a gathering international crackdown on tax evasion, backing US-led efforts to develop a new global template to combat banking secrecy.Amid mounting public outrage in Britain, France, Germany and Ireland over individual and corporate tax scandals, an EU summit pledged to clamp down through the sharing of information on the assets and gains of ... http://www.industriesnews.net/story?sid=s214696162&cid=27 Wed, 22 May 2013 14:59:21 -0400 The Guardian http://www.industriesnews.net/story?sid=s214696162 Ask Matt: What role do investment banks perform? A: Investment banks are the grease that keeps financial markets moving, often behind the scenes. The term investment bank means different things to different people, but at its very core, the job of these institutions is to get money from people who have too much of it and are looking for a return to those that have ideas, but not enough ... http://www.industriesnews.net/story?sid=s214694455&cid=27 Wed, 22 May 2013 14:05:46 -0400 Hispanic Business Magazine http://www.industriesnews.net/story?sid=s214694455 May 22, 2013 /CNW/ - The following issues have been halted by IIROC: Company: Mantis Mineral Corp. CNSX Symbol: MYN Reason: Pending ... http://www.industriesnews.net/story?sid=s214694457&cid=27 Wed, 22 May 2013 13:57:05 -0400 CNW Group http://www.industriesnews.net/story?sid=s214694457 WASHINGTON (MarketWatch) -- A lawmaker on Wednesday pestered a key Obama administration official about a systemic risk super-council charged with identifying risks to the economy, arguing the group's vital proceedings lack ... http://www.industriesnews.net/story?sid=s214694375&cid=27 Wed, 22 May 2013 13:47:46 -0400 CBS Marketwatch http://www.industriesnews.net/story?sid=s214694375 Former IRS commissioner Douglas Shulman, who was in charge of the agency when the practice of scrutinizing conservative groups was initiated, said that the White House and the Treasury Department did not sanction or suggest IRS employees' targeting ... http://www.industriesnews.net/story?sid=s214694418&cid=27 Wed, 22 May 2013 13:44:06 -0400 CBS News http://www.industriesnews.net/story?sid=s214694418 Wed May 22, 2013 1:07pm EDT * Regulator finalises capital requirements for RBS, Lloyds * RBS, Lloyds say will not need to issue new equity * Lloyds to raise 500 mln stg from St.James's Place sale * IMF urges UK to get "clear strategy" on bank stake sales * Shares in RBS, Lloyds rise over 2 pct By Matt Scuffham and Steve Slater LONDON, May 22 (Reuters) - State-backed British lenders ... http://www.industriesnews.net/story?sid=s214694458&cid=27 Wed, 22 May 2013 13:07:34 -0400 Reuters http://www.industriesnews.net/story?sid=s214694458 Inside an Aio Wireless store, customers can choose prepaid, no-contract wireless plans. In the course of two weeks, AT&T (NYSE: T) will open more than 20 new retail stores in Houston for its new prepaid wireless subsidiary, Aio Wireless. But that's not all. Aio, which recently chose Houston, Orlando and Tampa as its initial launch sites, is spending the cash to secure its place as a community ... http://www.industriesnews.net/story?sid=s214694456&cid=27 Wed, 22 May 2013 12:57:41 -0400 Business Journal http://www.industriesnews.net/story?sid=s214694456 announcement of its first quarter earnings on Thursday, May 23, 2013, analysts have become more bullish as expectations have improved over the past month from 28 cents per share to the current projection of earnings of 30 cents per share. Current Wall Street estimates reflect a 33.3% decline from the year-ago quarter, when the company reported earnings of 45 cents per share. The consensus ... http://www.industriesnews.net/story?sid=s214692761&cid=27 Wed, 22 May 2013 12:50:17 -0400 Forbes http://www.industriesnews.net/story?sid=s214692761 May 22, 2013 /CNW/ - FxPro Group Ltd (FxPro), a leading global broker in FX, announces the launch of FxPro Quant, a cutting-edge Expert Advisor (EA) Strategy Builder. FxPro Quant is a revolutionary product that allows traders to develop and build their own Expert Advisors for the MT4 platform, using simple drag and drop functionality. Algo trading systems, such as FxPro Quant, allow ... http://www.industriesnews.net/story?sid=s214692892&cid=27 Wed, 22 May 2013 12:42:31 -0400 CNW Group http://www.industriesnews.net/story?sid=s214692892 By Josie Cox Wed May 22, 2013 12:34pm EDT LONDON, May 22 (IFR) - UAE-based conglomerate Majid Al Futtaim Holdings LLC (MAF) mandated Goldman Sachs and HSBC as joint structuring advisers for a perpetual hybrid bond, a source told IFR on Wednesday. The source said that MAF, rated BBB+/BBB by S&P and Fitch, had mandated Bank of America Merrill Lynch, JP Morgan and Standard Chartered Bank as ... http://www.industriesnews.net/story?sid=s214694374&cid=27 Wed, 22 May 2013 12:34:43 -0400 Reuters http://www.industriesnews.net/story?sid=s214694374 NEW YORK (MarketWatch) -- Treasurys swiftly reacted to comments by Federal Reserve Chairman Ben Bernanke about the time frame for discussing changes to monetary policy, briefly sending yields higher than 2% for the first time since ... http://www.industriesnews.net/story?sid=s214692843&cid=27 Wed, 22 May 2013 12:33:04 -0400 CBS Marketwatch http://www.industriesnews.net/story?sid=s214692843 See video of Bernanke's appearance Coordinated with his colleagues or not, Bernanke stuck to the message in his prepared text Wednesday -- saying that a premature exit risks not just hurting the stock market (Dudley's message Tuesday), it even risks the entire recovery! "A premature tightening of monetary policy could lead interest rates to rise temporarily but would also ... http://www.industriesnews.net/story?sid=s214692842&cid=27 Wed, 22 May 2013 12:33:04 -0400 CBS Marketwatch http://www.industriesnews.net/story?sid=s214692842 WASHINGTON (MarketWatch) -- The U.S. central bank could slow down its asset purchase program in the next few months, Federal Reserve Chairman Ben Bernanke told Congress on ... http://www.industriesnews.net/story?sid=s214692947&cid=27 Wed, 22 May 2013 12:33:03 -0400 Market Watch http://www.industriesnews.net/story?sid=s214692947 SAN FRANCISCO (MarketWatch) -- Pharmaceutical names dominated the S&P 500's leaderboard with Bristol-Myers Squibb Co. and Regeneron Pharmaceuticals Inc. posting strong gains on ... http://www.industriesnews.net/story?sid=s214692948&cid=27 Wed, 22 May 2013 12:33:00 -0400 Market Watch http://www.industriesnews.net/story?sid=s214692948 NEW YORK (MarketWatch) -- U.S. stocks pared gains on Wednesday after Federal Reserve Chairman Ben Bernanke said tapering of the central bank's bond buying could occur in the "next few ... http://www.industriesnews.net/story?sid=s214692949&cid=27 Wed, 22 May 2013 12:32:59 -0400 Market Watch http://www.industriesnews.net/story?sid=s214692949 Orville Schell : When many of us came into the the story of U.S.-China relations, the currency of the realm was politics. When Henry [Kissinger] went to China, there was no economics to deal with. So, it was a political question. Without really noticing it, we've undergone an extraordinary transmigration from the currency of politics to, really, the currency of currency. We talked ... http://www.industriesnews.net/story?sid=s214692950&cid=27 Wed, 22 May 2013 12:31:30 -0400 The Atlantic http://www.industriesnews.net/story?sid=s214692950 Fitch: Recession Concern Dampens European Investor Sentiment An increasing number of investors expect fundamental credit conditions will deteriorate across sectors, according to a Fitch Ratings investor survey. The more circumspect sentiment was most notable for the sovereign segment, where the proportion of survey respondents anticipating worsening conditions more than doubled to 55%, from 24% ... http://www.industriesnews.net/story?sid=s214692845&cid=27 Wed, 22 May 2013 12:30:49 -0400 Fitch Ratings http://www.industriesnews.net/story?sid=s214692845 Stocks were up at midday following statements from Fed chairman Ben Bernanke and ahead of the minutes release from the Federal Open Market Committee's May 1 ... http://www.industriesnews.net/story?sid=s214692951&cid=27 Wed, 22 May 2013 12:30:42 -0400 Morning Star http://www.industriesnews.net/story?sid=s214692951 Fitch: Recession Concern Dampens European Investor Sentiment An increasing number of investors expect fundamental credit conditions will deteriorate across sectors, according to a Fitch Ratings investor survey. The more circumspect sentiment was most notable for the sovereign segment, where the proportion of survey respondents anticipating worsening conditions more than doubled to 55%, from 24% ... http://www.industriesnews.net/story?sid=s214692807&cid=27 Wed, 22 May 2013 12:30:21 -0400 Fitch Ratings http://www.industriesnews.net/story?sid=s214692807 BRUSSELS | Wed May 22, 2013 12:11pm EDT BRUSSELS May 22 (Reuters) - Spain's Prime Minister Mariano Rajoy on Wednesday said the country's banks may have to raise capital on the financial markets to meet higher provisioning requirements. Rajoy, who was speaking at a news conference following a summit of European leaders in Brussels, said however that Spain would not need to tap ... http://www.industriesnews.net/story?sid=s214694006&cid=27 Wed, 22 May 2013 12:11:30 -0400 Reuters http://www.industriesnews.net/story?sid=s214694006 The Treasury Department's number-two official said his agency played no role in the Internal Revenue Service's targeting of conservative groups. The U.S. tax collecting agency has revealed it subjected Tea Party and other conservative groups seeking non-profit status to extra scrutiny from 2010-2012. In a prepared statement to the House Oversight and Government Reform Committee, ... http://www.industriesnews.net/story?sid=s214691203&cid=27 Wed, 22 May 2013 11:51:01 -0400 VOA http://www.industriesnews.net/story?sid=s214691203 Gupta was convicted of fraud and passing on insider secrets about Goldman Sachs to now felon Raj Rajaratnam. Rajaratnam is serving 11 years in prison for gaining insider tips for financial ... http://www.industriesnews.net/story?sid=s214691049&cid=27 Wed, 22 May 2013 11:42:30 -0400 MarketWatch http://www.industriesnews.net/story?sid=s214691049 European leaders targeted Wednesday setting a year-end deadline to do away with banking secrecy, hoping to recoup a trillion euros in lost tax each year in a time of record recession and unemployment."Tax fraud and the hindrance of a real exchange of information - that has to end," said German Chancellor Angela Merkel on arriving at a one-day European Union summit.Leaders also aim to ... http://www.industriesnews.net/story?sid=s214691263&cid=27 Wed, 22 May 2013 11:40:46 -0400 Global Times http://www.industriesnews.net/story?sid=s214691263 reasons not hard to guess - may have had a restraining effect, though a more likely explanation is that an appearance of statesmanlike sobriety will cut more ice than the usual chortling with ministers at the treasury. The outcome of the comprehensive spending review is due in just over a month, and fears that the GLA group faces a giant funding chop are rife. Transport grant, in particular, is ... http://www.industriesnews.net/story?sid=s214691209&cid=27 Wed, 22 May 2013 11:39:05 -0400 The Guardian http://www.industriesnews.net/story?sid=s214691209 The biggest banks were already huge before the financial crisis, and concentration in the banking industry was in fact one of the causes of the crash. Yet they have gotten even bigger since then. Just 12 banks, 0.2 percent, ... http://www.industriesnews.net/story?sid=s214691264&cid=27 Wed, 22 May 2013 11:32:29 -0400 ThinkProgress http://www.industriesnews.net/story?sid=s214691264 Gary Parr, Lazard vice president, discusses how investor activism impacts corporate governance; and explains how regulations and stricter capital controls are impacting big ... http://www.industriesnews.net/story?sid=s214691265&cid=27 Wed, 22 May 2013 11:30:29 -0400 MSNBC http://www.industriesnews.net/story?sid=s214691265 May 10, 2013 a 3-person Hearing Panel of the MFDA's Central Regional Council made Orders pursuant to section 24.3 of MFDA By-law No. 1 in respect of W. H. Stuart Mutuals Ltd. ("W.H. Stuart") and ... http://www.industriesnews.net/story?sid=s214691212&cid=27 Wed, 22 May 2013 11:30:27 -0400 CNW Group http://www.industriesnews.net/story?sid=s214691212 Although all the news about Chinese investment in the U.S. has focused on the deals that don't get done, Chinese investment in the U.S. is at an all-time ... http://www.industriesnews.net/story?sid=s214691078&cid=27 Wed, 22 May 2013 11:30:07 -0400 MSNBC http://www.industriesnews.net/story?sid=s214691078 By Katharina Bart and Albert Schmieder ZURICH (Reuters) - Swiss banks fear heavy fines they expect to pay to settle a long-running dispute with U.S. authorities over helping wealthy Americans evade tax could hit smaller lenders particularly ... http://www.industriesnews.net/story?sid=s214691144&cid=27 Wed, 22 May 2013 11:23:33 -0400 Reuters http://www.industriesnews.net/story?sid=s214691144 LONDON May 22 (Reuters) - Britain's government should spend more now to fund investment and steer its economy back to recovery, the International Monetary Fund said on Wednesday, a call unlikely to be heeded by finance minister George ... http://www.industriesnews.net/story?sid=s214692421&cid=27 Wed, 22 May 2013 11:23:09 -0400 Reuters http://www.industriesnews.net/story?sid=s214692421 WASHINGTON (MarketWatch) -- Existing-home sales rose in April to hit the highest rate since November 2009, pointing to an ongoing recovery supported by low interest rates and pent-up demand, according to data released ... http://www.industriesnews.net/story?sid=s214691164&cid=27 Wed, 22 May 2013 11:20:51 -0400 CBS Marketwatch http://www.industriesnews.net/story?sid=s214691164 who has yet to claim the largest Powerball jackpot in history: an estimated $590.5 million. The ticket was purchased on May 18 from a Publix supermarket in Zephyrhills, Florida. The winner has sixty days to claim the lump-sum cash ... http://www.industriesnews.net/story?sid=s214691179&cid=27 Wed, 22 May 2013 11:17:04 -0400 Accounting Web http://www.industriesnews.net/story?sid=s214691179 May 22(Reuters) -Following are terms and conditions of a bond priced on Wednesday. Borrower Elsevier Finance SA Guarantor Reed Elsevier Plc & Reed Elsevier NV Issue Amount 275 million Swiss francs ... http://www.industriesnews.net/story?sid=s214692457&cid=27 Wed, 22 May 2013 11:04:59 -0400 Reuters UK http://www.industriesnews.net/story?sid=s214692457 GENEVA (AFP) - Swiss banks holding US citizens' funds that are not declared to American tax authorities are set to have to pay a massive fine, under a deal between Switzerland and Washington, a newspaper reported Wednesday.The Swiss daily Neue Zuercher Zeitung, quoting sources familiar with the talks, said that the fine could reach 40 percent of the funds in question.Swiss authorities have ... http://www.industriesnews.net/story?sid=s214689676&cid=27 Wed, 22 May 2013 10:36:21 -0400 West Australian http://www.industriesnews.net/story?sid=s214689676 Several dozen tea party activists and other concerned citizens, wave signs and small American flags as they march outside the main Internal Revenue Service office on Tuesday, May 21, 2013, in Phoenix. The rally was one of many around the country after IRS officials acknowledged that some conservative groups received inappropriate attention and questioning. (AP Photo/Ross D. ... http://www.industriesnews.net/story?sid=s214689616&cid=27 Wed, 22 May 2013 10:33:59 -0400 San Diego Union-Tribune http://www.industriesnews.net/story?sid=s214689616 ABU DHABI - U.K. oil major BP plc plans to increase the production capacity at the Rumaila oilfield, the largest in Iraq, by 750,000 barrels per day by 2017, and aims to increase its spending in the country to $5 billion a year from the current $2.6 billion by 2016, a senior executive said Wednesday. "We are doing about 1.4 million barrels a day now from Rumaila... We have a plan to add ... http://www.industriesnews.net/story?sid=s214689677&cid=27 Wed, 22 May 2013 10:32:54 -0400 Rigzone http://www.industriesnews.net/story?sid=s214689677 May 22, 2013 /CNW/ - Timbercreek Senior Mortgage Investment Corporation (the "Company") is pleased to announce that its board of directors has declared a monthly dividend ... http://www.industriesnews.net/story?sid=s214689572&cid=27 Wed, 22 May 2013 10:17:41 -0400 CNW Group http://www.industriesnews.net/story?sid=s214689572 $100,000 grand prize, he needs voters from across the country to give his project the thumbs up! Max is set to gain more ground in the U.S with two products his company developed--Endeavor Snowboards and Airhole face masks--as well as the Swedish line of Colour Wear outerwear he is now licensing. Despite reaching customers in some 30 countries through direct sales ... http://www.industriesnews.net/story?sid=s214689624&cid=27 Wed, 22 May 2013 10:17:22 -0400 CNW Group http://www.industriesnews.net/story?sid=s214689624 May 22, 2013 /CNW/ - RBC today announced its annual search for current and recently-retired Olympic and Paralympic athletes, as well as Olympic and Paralympic team hopefuls, to participate in the RBC Olympians Program. Since 2002, the RBC Olympians Program provides elite athletes with financial support, the opportunity to gain valuable career skills and allows for the time necessary to ... http://www.industriesnews.net/story?sid=s214689623&cid=27 Wed, 22 May 2013 10:17:22 -0400 CNW Group http://www.industriesnews.net/story?sid=s214689623 May 22, 2013 /CNW/ - CI Investments Inc., as manager of each of the issuers named below (the Skylon Funds), announces the following distributions for the month ... http://www.industriesnews.net/story?sid=s214689625&cid=27 Wed, 22 May 2013 10:17:21 -0400 CNW Group http://www.industriesnews.net/story?sid=s214689625 May 21, 2013 /CNW/ - Utility Corp. (the "Company") announced today the completion of its previously announced extension which involved (i) extending the redemption date of the Company ... http://www.industriesnews.net/story?sid=s214689627&cid=27 Wed, 22 May 2013 10:17:20 -0400 CNW Group http://www.industriesnews.net/story?sid=s214689627 The project includes a new RBC Retail Store, as well as the relocation of the South Shore/Montrgie Business Banking Centre, of Financial Planning services, and of RBC Private Banking services BROSSARD, ... http://www.industriesnews.net/story?sid=s214689626&cid=27 Wed, 22 May 2013 10:17:19 -0400 CNW Group http://www.industriesnews.net/story?sid=s214689626 WASHINGTON (MarketWatch) -- A premature move to tighten monetary policy could strangle the recovery, Federal Reserve Board Chairman Ben Bernanke warned Wednesday, in a speech that will dampen any thought the central bank will taper bond purchases ... http://www.industriesnews.net/story?sid=s214689561&cid=27 Wed, 22 May 2013 10:07:23 -0400 CBS Marketwatch http://www.industriesnews.net/story?sid=s214689561 WASHINGTON (MarketWatch) - A rising Democratic leader on the Senate Banking Committee is pushing the nation's securities watchdog to implement a little-known provision to help small companies gain access to the capital ... http://www.industriesnews.net/story?sid=s214689564&cid=27 Wed, 22 May 2013 10:07:20 -0400 CBS Marketwatch http://www.industriesnews.net/story?sid=s214689564 The Violence Prevention through Urban Upgrading (VPUU) area in Khayelitsha has been selected as one of the first spaces to be linked to the broadband network. The Western Cape Government's broadband network will play a major role in transforming residents' lives, says Minister of Finance, Economic Development and Tourism, Alan Winde. "As a major business hub in one of our ... http://www.industriesnews.net/story?sid=s214689525&cid=27 Wed, 22 May 2013 09:58:28 -0400 All Africa http://www.industriesnews.net/story?sid=s214689525 British Defense Secretary Phillip Hammond said he's seen key improvements in the ability of Malian forces to take on Islamic militants. Hammond arrived in Mali to visit British forces deployed to help Malian forces ensure territorial integrity from threats by foreign rebels and al-Qaida fighters. Nomadic fighters and al-Qaida militants took control over parts of Mali after a 2012 coup. The ... http://www.industriesnews.net/story?sid=s214690026&cid=27 Wed, 22 May 2013 09:55:31 -0400 Middle East Times http://www.industriesnews.net/story?sid=s214690026 Zimbabwe's Prime Minister Morgan Tsvangirai on Wednesday said Chinese investments are welcomed and he hopes the economic ties can be further strengthened after Zimbabwe's elections.Tsvangirai told visiting Chinese Vice Premier Wang Yang that Zimbabwe's new constitution, which was signed into law Wednesday, provides strong protection for foreign investments.Chinese businesses form ... http://www.industriesnews.net/story?sid=s214688145&cid=27 Wed, 22 May 2013 09:08:36 -0400 Global Times http://www.industriesnews.net/story?sid=s214688145 Hardly a day goes by that another firm doesn't either enter into the retail alternative investment space, or expand their offerings; Fidelity and Schwab just announced major initiatives. Becoming more common as well, however, are firms closing retail alternative investment products; two firms recently shuttered their alternative (long/short) investment ETF offerings. As investors seek ... http://www.industriesnews.net/story?sid=s214688146&cid=27 Wed, 22 May 2013 09:07:57 -0400 Forbes http://www.industriesnews.net/story?sid=s214688146 . "David brings an exceptional pedigree and reputation for forging strong client relationships and delivering integrated custodial solutions to many of Canada's leading wealth management firms," ... http://www.industriesnews.net/story?sid=s214688103&cid=27 Wed, 22 May 2013 08:59:48 -0400 CNW Group http://www.industriesnews.net/story?sid=s214688103 Russell Real Assets Portfolio for Canadian investors seeking diversification beyond traditional stocks and bonds, as well as increased exposure to potential global growth opportunities. The new Portfolio complements Russell's existing suite of multi-asset solutions by offering investors an opportunity to invest in an actively managed, one-stop diversified fund that offers exposure ... http://www.industriesnews.net/story?sid=s214688104&cid=27 Wed, 22 May 2013 08:59:47 -0400 CNW Group http://www.industriesnews.net/story?sid=s214688104 LONDON (AFP) - The International Monetary Fund on Wednesday urged Britain's government to adopt a "clear" plan to sell its stakes in state-rescued lenders Royal Bank of Scotland and Lloyds Banking Group, but warned it may first need to inject more capital."A clear strategy is needed for the two government-intervened banks, with a view to returning them to private ... http://www.industriesnews.net/story?sid=s214688153&cid=27 Wed, 22 May 2013 08:42:46 -0400 The West Australian http://www.industriesnews.net/story?sid=s214688153 PRAGUE | Wed May 22, 2013 8:13am EDT PRAGUE May 22 (Reuters) - Slovakia has mandated banks CSOB , Tatra Banka and Vseobecna Uverova Banka to lead a new euro-denominated benchmark issue due in 2018, the country's debt agency said on Wednesday. Ardal said the transaction would be launched in the near future subject to market conditions. (Reporting by Jason ... http://www.industriesnews.net/story?sid=s214688151&cid=27 Wed, 22 May 2013 08:13:19 -0400 Reuters http://www.industriesnews.net/story?sid=s214688151 Leanne Case is a social performance practice leader at Coffey International, a Sydney-based consultancy which publishes an index measuring the effect of community development initiatives by international energy companies in southern Iraq. Here, Ms Case, who worked in Iraq for two years before moving to Dubai in 2012, reveals more about the ... http://www.industriesnews.net/story?sid=s214686770&cid=27 Wed, 22 May 2013 08:07:12 -0400 The National http://www.industriesnews.net/story?sid=s214686770 The Chicago-based Jacobson Group, which provides recruits to the insurance industry, and ejsSearch - the London-based insurance executive search firm specializing in assignments in London and broader European and international markets, announced the completion of their merger agreement. The bulletin noted that the two firms have been collaborating since 2008 to deliver "an integrated, ... http://www.industriesnews.net/story?sid=s214686772&cid=27 Wed, 22 May 2013 07:58:33 -0400 Insurance Journal http://www.industriesnews.net/story?sid=s214686772 A.M. Best Co. is requesting comments from market participants in the insurance industry and other interested parties on the draft criteria report, "Rating Reinsurance Pools." Best explained that it "defines a reinsurance pool as any entity, agent or contractual agreement, which provides a mechanism for collective acceptance and sharing, equal or otherwise, of the insurance risk ... http://www.industriesnews.net/story?sid=s214686771&cid=27 Wed, 22 May 2013 07:58:33 -0400 Insurance Journal http://www.industriesnews.net/story?sid=s214686771 Cirrus Aircraft CEO, "But as bad as we had it, we probably had it better than a lot of companies in this industry." Recent sales figures stand witness to the company's relative success. Cirrus ... http://www.industriesnews.net/story?sid=s214686702&cid=27 Wed, 22 May 2013 07:57:03 -0400 Forbes http://www.industriesnews.net/story?sid=s214686702 LONDON | Wed May 22, 2013 7:53am EDT LONDON May 22 (Reuters) - A new tool launched on Wednesday promises British investors a way to cut through what its authors call the "smoke and mirrors" used by investment firms to charge hidden fees and get a more realistic valuation of their investments. The True and Fair Calculator works out the cost of investments in pounds and as a ... http://www.industriesnews.net/story?sid=s214688150&cid=27 Wed, 22 May 2013 07:53:03 -0400 Reuters http://www.industriesnews.net/story?sid=s214688150 Chicago based First Trust Portfolios L.P. (First Trust), a U.S. registered broker-dealer and U.S.-based exchange traded fund (ETF) sponsor. "We are proud that FT ... http://www.industriesnews.net/story?sid=s214686744&cid=27 Wed, 22 May 2013 07:48:49 -0400 CNW Group http://www.industriesnews.net/story?sid=s214686744 . "Overall, credit unions do the best job of serving entrepreneurs, while Scotiabank and BMO are tied in receiving the highest overall scores among the big banks. CIBC is the worst big bank for small business - that's the same as it was in 2010, when we issued our previous banking report." In addition to providing bank scores by size of business, CFIB's Battle of the ... http://www.industriesnews.net/story?sid=s214686743&cid=27 Wed, 22 May 2013 07:48:49 -0400 CNW Group http://www.industriesnews.net/story?sid=s214686743 The Bank of England's new regulatory arm has cooled its enthusiasm for a new form of capital that could be used to shore up lenders' balance sheets in a future financial crisis. I understand that the Prudential Regulation Authority (PRA) has privately informed Britain's big banks that it would prefer them to use alternative methods for raising capital because of a dispute about ... http://www.industriesnews.net/story?sid=s214686644&cid=27 Wed, 22 May 2013 07:45:42 -0400 Sky News http://www.industriesnews.net/story?sid=s214686644 SAN FRANCISCO (MarketWatch) -- Investors who were still wondering what Yahoo CEO Marissa Mayer was going to do with Yahoo's cash stockpile got their answer this ... http://www.industriesnews.net/story?sid=s214686707&cid=27 Wed, 22 May 2013 07:38:28 -0400 CBS Marketwatch http://www.industriesnews.net/story?sid=s214686707 Growing electricity demand in Texas, environmental legislation in California, federal emissions regulations, and increasing market uncertainty may help Calpine establish a ... http://www.industriesnews.net/story?sid=s214686775&cid=27 Wed, 22 May 2013 07:36:23 -0400 Morning Star http://www.industriesnews.net/story?sid=s214686775 While funds focused solely on Japanese stocks clearly have benefited so far, so have a handful of quality foreign-stock funds that hold outsized allocations to the country in their diversified portfolios. To identify such funds we used Morningstar's tool and searched for foreign large-cap funds with at least 20% of their holdings in Japan, meaning they have allocations to the country that ... http://www.industriesnews.net/story?sid=s214686774&cid=27 Wed, 22 May 2013 07:36:23 -0400 Morning Star http://www.industriesnews.net/story?sid=s214686774 The most popular domestic and international dividend exchange-traded funds are differentiated by more than just their regional exposure. The domestic ETFs with the largest share of inflow over the past year are constructed to offer total return by focusing on high-quality dividend payers. As a result, these funds tend to have yields only slightly higher than that of the S&P 500, but they ... http://www.industriesnews.net/story?sid=s214686777&cid=27 Wed, 22 May 2013 07:36:22 -0400 Morning Star http://www.industriesnews.net/story?sid=s214686777 Morningstar's Lifetime Allocation Indexes for people retiring in 2040 feature at least 75% equity exposure (for conservative investors) and as much as 92% (for aggressive ... http://www.industriesnews.net/story?sid=s214686776&cid=27 Wed, 22 May 2013 07:36:22 -0400 Morning Star http://www.industriesnews.net/story?sid=s214686776 Nikkei closed 1.6% at 15,527 -- hittinganother 5 1/2 year highin today's session as investors cheered the central bank's decision to keep monetary policy unchanged. Bank of Japan concluded its two-day policy meeting today, and observed that the economy had started picking ... http://www.industriesnews.net/story?sid=s214686778&cid=27 Wed, 22 May 2013 07:36:21 -0400 Morning Star http://www.industriesnews.net/story?sid=s214686778 Michelle Obama , a concert in the East Room honoring singer-songwriter Carole King, who will be awarded the 2013 Library of Congress Gershwin Prize for Popular Song. The concert is part of the "In Performance at the White House" series. Vice ... http://www.industriesnews.net/story?sid=s214687125&cid=27 Wed, 22 May 2013 07:28:35 -0400 Middle East Times http://www.industriesnews.net/story?sid=s214687125 At least 10 people were killed in four days of clashes in Tripoli, Lebanon, between supporters and opponents of the Assad regime in Syria, officials said. Violence escalated overnight Tuesday with at least 47 mortar shells and rocket-propelled grenades fired over a 1-hour period, the Lebanese newspaper The Daily Star reported Wednesday. Intermittent sniper fire was heard in the morning, the ... http://www.industriesnews.net/story?sid=s214687108&cid=27 Wed, 22 May 2013 07:28:35 -0400 Middle East Times http://www.industriesnews.net/story?sid=s214687108 Rutvik Mehta created ThermoAura along with two Rensselaer professors. ThermoAura Inc., a startup in Troy, NY, has won more venture funding to commercialize something a mere one-thousandth of the width of a human hair. The company closed an agreement May 21 with Eastern New York Angels LLC. That Capital Region fund will invest $250,000 in ThermoAura over the course of this year. The money will ... http://www.industriesnews.net/story?sid=s214686773&cid=27 Wed, 22 May 2013 07:05:14 -0400 Business Journal http://www.industriesnews.net/story?sid=s214686773 Treasury Department official about how to break the news of the agency’s improper targeting of conservative groups.Despite the preliminary strategy sessions between ... http://www.industriesnews.net/story?sid=s214685635&cid=27 Wed, 22 May 2013 06:59:13 -0400 Washington Times http://www.industriesnews.net/story?sid=s214685635 no matter what textbook theoreticians may claim, and the only cash allocation preference is the capital allocation IRR analysis) had been parked not with US banks, but with foreign banks with US-based operations. We followed ... http://www.industriesnews.net/story?sid=s214685636&cid=27 Wed, 22 May 2013 06:54:43 -0400 Prison Planet http://www.industriesnews.net/story?sid=s214685636 XL Group announced the appointment of Thierry Daucourt as Chief Operating Officer of its International P&C Insurance business. He will be responsible for supporting the unit's Chief Executive, Jason Harris, in the ongoing development and execution of its strategy and main policies to drive expansion, financial performance and efficiencies across the region. Daucourt will report to and ... http://www.industriesnews.net/story?sid=s214685654&cid=27 Wed, 22 May 2013 06:49:38 -0400 Insurance Journal http://www.industriesnews.net/story?sid=s214685654 Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched a suite of tools, designed to "easily quantify uncertainties in catastrophe models across all perils and territories." The bulletin explained that "devastating events, such as the Thailand flood and Japanese Tohoku earthquake in 2011, have highlighted the need for insurers and ... http://www.industriesnews.net/story?sid=s214685652&cid=27 Wed, 22 May 2013 06:49:37 -0400 Insurance Journal http://www.industriesnews.net/story?sid=s214685652 The first quarter of 2013 saw $1.6 billion of new issuance in non-life capacity marketed through five catastrophe bond transactions, including three transactions marketed in the first quarter and closed at the beginning of the second quarter, according to Willis Capital Markets & Advisory (WCMA). This compares with eight deals and a total of $1.3 billion in new non-life capacity in the first ... http://www.industriesnews.net/story?sid=s214685653&cid=27 Wed, 22 May 2013 06:49:37 -0400 Insurance Journal http://www.industriesnews.net/story?sid=s214685653 Standard & Poor’s Ratings Services has affirmed its ‘A-’ counterparty credit and senior debt ratings on AXIS Capital Holdings Ltd., as well as the ‘A+’ counterparty credit and financial strength ratings on its core operating subsidiaries (collectively, AXIS). The outlook for all of the ratings is stable. ';The ratings reflect our view of AXIS’ very ... http://www.industriesnews.net/story?sid=s214685655&cid=27 Wed, 22 May 2013 06:49:37 -0400 Insurance Journal http://www.industriesnews.net/story?sid=s214685655 (31 mins ago) The total value of China's outbound mergers and acquisitions in 2012 reached a record-high US$65.2 billion (HK$506 billion), marking a five-fold increase from US$10.3 billion in 2008, a PricewaterhouseCoopers (PwC) report said Wednesday. Since 2009, China has been leading the trend among emerging markets in carrying out mergers and acquisitions in the markets of developed ... http://www.industriesnews.net/story?sid=s214685656&cid=27 Wed, 22 May 2013 06:34:22 -0400 The Standard http://www.industriesnews.net/story?sid=s214685656 MADRID | Wed May 22, 2013 6:08am EDT MADRID May 22 (Reuters) - Spain is studying a possible 15-year syndicated sovereign bond issue for this year, Treasury deputy director Ignacio Fernandez said at a press conference on Wednesday. "The Treasury tends to do three syndicated deals per year," he said. "Given current market conditions we think we could still go to market with a ... http://www.industriesnews.net/story?sid=s214686745&cid=27 Wed, 22 May 2013 06:08:49 -0400 Reuters http://www.industriesnews.net/story?sid=s214686745