Financial snitch

Singer profits down due to increased finance costs

Singer profits down due to increased finance costs
Sunday Times.lk - Columbo,Sri Lanka
Reeling from an increase in finance cost due to rising interest rates and
inflation, Singer (Sri Lanka) Ltd saw a drastic decline in profits in 2007.
...
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QIB to finance water desalination project
Gulf Times - Doha,Qatar
QIB will finance the Qatar Electricity and Water Company's (QEWC) Ras Abu
Fontas A1 (RAF A1) water desalination plant project through a fully ...
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Islamic finance is gaining importance in non-Muslim nations
GulfNews - Dubai,United Arab Emirates
To begin with, in Islamic finance, money can only earn returns if used in
productive or real investments. This explains why deposits in banks cannot
earn ...
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Nobel winner to share money with U of T

Nobel winner to share money with U of T
Globe and Mail - Canada
As a gesture of his gratitude, Dr. Smithies is giving a share of his Nobel
money to the University of Toronto's faculty of medicine, which will use
the ...
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Smart money files taxes online
National Post - Toronto,Ontario,Canada
If you owe money, you want to file by the deadline in order to avoid the
stiff penalties and interest. And if you're due a refund, the sooner you
file, ...
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Federal judge dismisses part of campaign finance law challenge

Federal judge dismisses part of campaign finance law challenge
Boston Globe - United States
AP Writer / March 21, 2008 HARTFORD, Conn.--A federal judge has dismissed
part of a challenge of Connecticut's new public financing law, but agreed
to hear ...
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Film equity: Santa Fe company uses venture capital model to ...
Bizjournals.com - Charlotte,NC,USA
Another film begins shooting in New Mexico next week. That has become a
common occurrence as the industry continues to flourish under a generous
state ...
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Money makes you happy - if you spend it on others

Money makes you happy - if you spend it on others
Boston Globe - United States
They say money can't buy you happiness, but new research suggests that it
can, if you spend it on someone else. "Simply making very small changes in
how you ...
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Board decides to keep most money from Dome sales
Indianapolis Star - United States
By Brendan O'Shaughnessy Bowing to public opinion and facing a lawsuit, the
Capital Improvement Board reversed course Thursday on what to do with the
money ...
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Children's Aid Societies facing a money crunch
Toronto Star - Ontario, Canada
While the societies support this approach, they haven't been given
money to
pay for the added social-work commitment, they say. Lack of cash flow means
the ...
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Elwell withdraws from race

Elwell withdraws from race
Adrian Daily Telegram - Adrian,MI,USA
David Elwell announced he is withdrawing from the race for the 65th
District seat in the Michigan House of Representatives. COLUMBIA TWP. ...
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3 Big Banks Leave Government-Backed Student-Loan Program
Chronicle of Higher Education (subscription) - USA
Several other lenders already have announced they are withdrawing from or
reducing their participation in the federal loan program, prompting
expressions of ...
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Click, browse, follow the money

Click, browse, follow the money
Baltimore Sun - United States
"This is tremendous, and it helps our taxpayers understand how the money's
being spent, which might not be clear to them now," said Del. ...
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Money troubles
BBC Sport - UK
A check of the balance sheet of the average Football League club still
shows far too much money as a percentage of turnover goes on wages. ...
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NRIs urged to raise 'blood money' to save Indian's life
Hindustan Times - India
The ministry of overseas Indian affairs has urged non-resident Indians in
the Gulf to raise Rs 2 million to be paid as 'blood money' to save the life
of an ...
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Notebook | UW loses game, money but glad for experience
Seattle Times - United States
By Bob Condotta Player of the game: Valparaiso freshman forward Bryan
Bouchie made 9 of 12 shots from the field to lead his team with 20 points
in just 27 ...
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Investment banks The $2 bail-out

Investment banks The $2 bail-out
Economist - UK
On March 17th, while employees at Bear Stearns were coming to terms with
the implosion of their once-venerable investment bank, one of them
stuck a
$2 note ...
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Central banks A dangerous divergence
Economist - UK
The European Central Bank (ECB) fears ice. The Fed is scrambling to douse
financial crisis and recession. In recent days America's central bank has
flooded ...
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Bank of Japan struggle test prime minister's leadership
Christian Science Monitor - Boston,MA,USA
Tokyo - Prolonged political confusion that has blocked selection of Japan's
next central bank chief has damaged Prime Minister Yasuo Fukuda's
leadership at ...
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Visa Initial Sale Raises $3.17 Billion for US Bank Holders
Bloomberg - USA
The six biggest banks that hold Class B shares in San Francisco-based Visa
may have made $3.17 billion from the IPO, according to data compiled by
Bloomberg ...
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Bank Of England Not Bearish
Forbes - NY,USA
The dangerous power of market rumors in the financial sector pushed the
Bank of England to deny speculation on Wednesday that a British bank was
suffering ...
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Watchdog clamps down on bank rumours
Reuters UK - UK
Despite a 75 basis point cut in US interest rates on Tuesday -- the latest
attempt by the Federal Reserve to restore stability after the rescue of US
bank ...
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Turkish central bank leaves rates unchanged
Guardian - UK
By Daren Butler ISTANBUL, March 19 (Reuters) - The Turkish Central Bank on
Wednesday left key interest rates unchanged, in line with analysts'
expectations, ...
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Audited financial report for the year ended 31 December 2007

Audited financial report for the year ended 31 December 2007
Sydney Morning Herald - Sydney,New South Wales,Australia
2 DIRECTORS' REPORT (continued) EPORT (continued) Review of operations
(continued) A comparison to the previous year is set out as follows: Year
ended Year ...
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Goldman Sachs: $1.5B profit half last year's take
CNNMoney.com - USA
Goldman Sachs has more than enough liquidity to meet its financial
operations, Viniar said. Firms' liquidity has been of concern, especially
after Bear ...
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Bank of America cuts prime rate, others to follow

Bank of America cuts prime rate, others to follow
Reuters - USA
NEW YORK, March 18 (Reuters) - Bank of America Corp (BAC.N: Quote, Profile,
Research) on Tuesday cut its prime rate, a borrowing rate that banks charge
...
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Northern Rock bank to trim staff and reduce mortgage lending
International Herald Tribune - France
LONDON: Northern Rock, the bank nationalized by the British government,
will cut about a third of its 6000 employees and reduce mortgage lending
while ...
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Bank Stalemate Threatens Japanese Economy
Washington Post - United States
Then imagine that the nation's central bank -- the one institution capable
of responding quickly in a global financial crisis -- has no Greenspan, ...
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European govt bonds drop on positive bank earnings, ahead of Fed ...
Forbes - NY,USA
LONDON (Thomson Financial) - European government bonds fell sharply as
market confidence picked up on good earnings from US investment banks ahead
of the ...
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West Bank Feels Pinch of Chinese Imports
The Associated Press -
HEBRON, West Bank (AP) -- Yasser Herbawi once supplied much of the West
Bank and Gaza with black-and-white checkered scarves, the proud emblem of
Palestinian ...
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Trader suspected in Societe Generale bank scandal leaves prison
International Herald Tribune - France
AP PARIS: The trader accused of causing massive losses at French bank
Societe Generale has left a Paris prison hours after a court ruled he could
go free ...
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ECB's Bini Smaghi says central banks will not act uniformly UPDATE
Forbes - NY,USA
SAO PAULO, Brazil (Thomson Financial) - European Central Bank board member
Lorenzo Bini Smaghi said conditions vary in the world's major economies,
...
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New money keeps flowing into Russia-focused funds

New money keeps flowing into Russia-focused funds
Wall Street Journal - USA
By DAWN COWIE New money has continued to flow into Russia-focused equity
funds for the ninth week of 10 despite more than $6 billion of net
withdrawals from ...
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Your money is going up in smoke
Sify - Chennai,Tamil Nadu,India
Should you then stay put when your money is going up in smoke? "Every day,
there is a new bunch of people getting unnerved," says Pankaj Valia, ...
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'Raising money's tough'
Sify - Chennai,Tamil Nadu,India
Excerpts: Rich guys have lost money... they have adopted a wait-and-watch
strategy. We have been asking our clients to deploy gradually. ...
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Who should you trust your money with?
Sify - Chennai,Tamil Nadu,India
Which brings me to the question, what / who / when should you trust with
your money? It is not that the people voicing their opinion in the public
domain ...
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Even as Fed Keeps Money Flowing
Wall Street Journal - USA
This was despite extraordinary Fed efforts to keep money flowing by lending
directly to securities dealers. However, the Dow Jones industrials managed
to ...
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Western Vic farmers fight to recover grain company money
ABC Online - Australia
Several western Victorian farmers are trying to recover money they are owed
after a stock feed and grain company went into voluntary administration.
...
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