Banking & Finance News

Wed, 08 Oct 2008 01:58 AM


It was bad news for Telefonica as shareholders of Chile's CTC nixed a takeover bid by Spain's telecoms giant, which has interests across Latin America.

Chile's CTC hangs up on Telefonica takeover bid

Wed, 08 Oct 2008 01:58 AM

It was bad news for Telefonica as shareholders of Chile's CTC nixed a takeover bid by Spain's telecoms giant, which has interests across Latin America.

AIG execs massage away the stress after 85-bln-dlr loan: lawmakers

Wed, 08 Oct 2008 12:43 AM

AIG executives escaped to a pricey California beach resort to unwind just days after the insurance giant was rescued by an unprecedented 85-billion-dollar US government loan, lawmakers said Tuesday.

Euro up sharply on central bank liquidity plan

Tue, 07 Oct 2008 07:43 PM

The euro rebounded sharply against the dollar on Tuesday, one day after plumbing fresh 13-month lows, as central banks unveiled a series of measures to reassure nervous markets.

Merkel says 'strong' Germany can handle financial crisis

Tue, 07 Oct 2008 07:43 PM

German Chancellor Angela Merkel said Tuesday that the long-term consequences of the global financial crisis were uncertain but that she was confident the "strong" German economy would survive.

US takes on corporate debt as Europe reels with new rescues

Tue, 07 Oct 2008 07:43 PM

The United States opened up a major new front in the battle against financial turmoil Tuesday, sucking up huge amounts of corporate debt as European governments staged new rescues and nationalisations.

Central banks step up year-end funding to fight squeeze

Tue, 07 Oct 2008 06:28 PM

The US Federal Reserve and four other central banks announced plans Tuesday for coordinated efforts to get funding for year-end cash needs into the global banking system strained by a worldwide credit crunch.

IMF urges collective central bank action against credit crisis

Tue, 07 Oct 2008 05:13 PM

The International Monetary Fund urged central banks Tuesday to collectively throw life lines to the global banking system sinking in financial turmoil, saying 675 billion dollars was needed over the next several years.

Enthusiastic response to Tamweel offers atCityscape Dubai 2008

Tue, 07 Oct 2008 02:45 PM Tags: Cityscape , Tamweel Properties , Tamweel PJSC

Tamweel PJSC, the largest provider of real estate finance in the UAE, has met with an extremely enthusiastic response

Global Banking corporation in key investment initiative in thailand

Tue, 07 Oct 2008 02:45 PM Tags: memorandum , Global Banking , investment initiative

Global Banking Corporation B.S.C. (c) [GBCORP], the Bahrain based investment bank today announced that it has signed a Memorandum of Understanding