| FINANCE NEWS |
|
Standard Bank poaches StanChart Africa banker 2010-09-01 05:41:01 Standard Bank has hired Standard Chartered's former head of transaction banking in Africa, as it looks to do more deals between Africa and Asia, a source said. [Full Story...] Markets bank on rate pruning 2010-08-31 06:00:01 The money market is signalling a 90 percent chance of a half percentage point rate cut when the Reserve Bank's monetary policy committee meets next week. [Full Story...] JSE rallies on upbeat data, resources 2010-08-02 19:22:01 The JSE closed sharply higher on Monday as upbeat manufacturing data bolstered investor sentiment and resources helped fuel the rally. [Full Story...] HSBC says net profit doubles to $6.76 billion  2010-08-02 15:05:01 Banking giant HSBC has said that its net profits more than doubled to $6.76bn in the first half of 2010 as bad debt charges were slashed. [Full Story...] 0 Comments Economist: SARB made no guts decision 2010-07-22 16:43:01 The SA Reserve Bank made a "no guts" decision when it decided to keep the repo rate unchanged at 6,5 percent, according to an economist. [Full Story...] 0 Comments SA Q2 bank confidence 33 v 45 2010-07-14 11:47:01 SA banking confidence has fallen from 45 index points in the first quarter of 2010 to 33 in the second quarter. [Full Story...] 0 Comments Hamas security men seize money from Gaza bank 2010-06-27 16:22:01 Hamas security forces seized $16,000 on Sunday from a Gaza bank that had frozen the funds as part of an anti-money laundering campaign launched by the West Bank-based Palestine Monetary Authority. [Full Story...] Big Swiss banks still exposed to risks 2010-06-17 11:54:01 Switzerland's central bank warned Swiss banks that they still faced substantial risks for their profitability and their resilience in the event of a renewed financial dip. [Full Story...] 0 Comments Due diligence on Momentum merger going well 2010-06-15 14:29:01 FirstRand said that the due diligence investigation and negotiations with regards to the proposed Momentum/Metropolitan merger are progressing. [Full Story...] 0 Comments Is bank re-rating on the cards? 2010-06-14 14:59:01 South Africa's banks index has not had a happy time since April, but a potential re-rating is looking ever more likely from the low levels. [Full Story...] 0 Comments Iran, Pakistan sign gas export deal 2010-06-13 16:11:01 Iran and Pakistan formally signed on Sunday an export deal which commits the Islamic republic to supplying its eastern neighbour with natural gas from 2014. [Full Story...] China to review plans for agricultural bank's IPO 2010-06-05 10:24:01 The state-owned Agricultural Bank of China plans to sell a 15 percent stake in what could become the world's largest initial public offering, China's securities regulators said. [Full Story...] RMB signs MoU with Indian group 2010-06-03 11:59:01 Rand Merchant Bank and JM Financial Consultants Private Limited have agreed to enter into a co-operation to provide M&A advisory services. [Full Story...] 0 Comments Iraq bank managers arrested 2010-05-30 16:06:01 Three managers of state-owned Iraqi banks have been arrested on suspicion of using bogus transfers to siphon off billions of dollars of government money to invest in private business. [Full Story...] Nigeria cenbank extends credit fund to airlines 2010-05-30 16:07:01 Nigeria's central bank said on Sunday it was extending a 500 billion naira ($3.3 bln) fund meant to stimulate credit to the power and manufacturing sectors to the country's troubled airline industry. [Full Story...] Mercantile Bank up 21 percent on possible merger 2010-05-27 10:31:01 Shares in Mercantile Bank surge nearly 21 percent on possible merger with Sasfin. [Full Story...] 0 Comments Private equity sector down but not out 2010-05-20 10:50:01 Despite a decrease of 2.6 percent in the volume of funds in the SA private equity sector the funds under management still reflects a healthy balance of R107bn. [Full Story...] 0 Comments Investec reports improved earnings 2010-05-20 09:41:01 Investment bank Investec has reported improved earnings for the year ended March. [Full Story...] 0 Comments Standard Bank launches platinum commodity warrants 2010-05-19 11:51:01 Standard Bank says it is the first local financial institution to launch platinum warrants to retail investors. [Full Story...] 0 Comments Euro zone must tackle yawning economic gaps - Merkel 2010-05-16 17:32:01 German Chancellor Angela Merkel said on Sunday that a $1 trillion EU rescue plan had only bought the euro zone time to tackle its fundamental problem - a yawning gap between its strongest and weakest economies. [Full Story...] |
