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October 31st, 2007
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Cop on money laundering charge free to perform haj
JOHOR BARU: The Sessions Court here has allowed a police officer, charged with five counts of money-laundering totalling RM4mil, to leave the country to perform the haj. Judge Zainol Rashid Hussin allowed Supt Azmi Osman to have his passport, which was
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CRR hike to hit co-operative banks
KOLKATA: The demand from rural co-operative banks for a favourable treatment vis-a-vis cash reserve ratio (CRR) maintenance has become more pronounced now. According to co-operative bank circles, the move by the countrys central bank to raise CRR by 50
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Earnings Roundup: Prudential, MasterCard
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Cambridge professor to lead the Bank of Finland
University of Cambridge PROFILE NEWS JOBS EVENTS Cambridge professor to lead the A Cambridge professor of macroeconomics has been appointed as a Board member of the Bank of Finland. Professor Seppo Honkapohja was appointed by Mrs Tarja Halonen,
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US Central Bank Again Cuts Interest Rates to Ease Housing Market
The Federal Reserve, the US central bank, Wednesday cut short-term interest rates for the second time in as many months. VOA’s Barry Wood reports the quarter-point cut was in line with financial market expectations. The overnight lending rate came down
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Bean says Bank can’t relax on inflation
By Fiona Shaikh and Christina Fincher LONDON (Reuters) - Recent market turmoil is likely to have softened Britain’s growth outlook but policymakers cannot afford to lower their guard against inflation, Bank of England chief economist Charles Bean said on
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Earnings roundup: Prudential, MasterCard
Oct. 31, from AP Financial News: Top stories: NEWARK, N.J. (AP) — Insurance and investment giant Prudential Financial Inc. said Wednesday that third-quarter earnings fell about 25 percent compared to last year’s third quarter, but raised earnings
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MasterCard profit jumps, shares surge
MasterCard Inc, the largest publicly traded credit card network, posted a stronger-than-expected increase in earnings on Wednesday as consumer spending volume rose globally, and its shares surged more than 20 per cent to a record high. Revenue rose 20
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Wachovia Corporation Lowers Prime Rate
CHARLOTTE, N.C., Oct. 31 /PRNewswire-FirstCall/ — Effective today, Wachovia Corporation lowered its prime interest rate to 7.50 percent from 7.75 percent at Wachovia Bank, National Association and all of its other banking subsidiaries. The prime rate is
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