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Frankfurt: Deutsche Bank warned yesterday its biggest money spinner, investment banking, would stay sluggish after a global market crunch pushed the business into the red for first time in five years. Even though the bank said the fourth quarter would
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Westpac has handed down a record full year result and forecast continued solid earnings growth in 2008. The 14 per cent rise in cash profit to around $3.51 billion was boosted by an 11 per cent rise in revenue. Net profit at the country’s fourth-biggest
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Source: GreenBiz.com WASHINGTON, Oct. 31, 2007 — Anticipating legislation that will boost required gas mileage for cars in the United States, Citigroup has released a report showing that the auto industry can improve mileage and improve profits at the
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Citigroup has sacked two senior executives responsible for its mortgage-backed investments business amid concerns that it could face further heavy writedowns on its holdings of subprime-linked securities.Michael Raynes, head of structured credit, and
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ING Canada (TSX:IIC) will release its 2007 third quarter results on Wednesday, November 7, 2007 at approximately 6:00 a.m. ET. A conference call to discuss these results will take place later that morning at 10:00 a.m. ET. Participating in the conference
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Westpac Banking, Australia’s fourth-biggest lender by assets, beat forecasts with a 9 percent rise in second-half cash profit, helped by strong fund management performance, and said businesses momentum was strong this year. Westpac, Australia’s best
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HONG KONG, Nov 1 (Reuters) - The Hong Kong Monetary Authority (HKMA) on Thursday lowered the base rate charged through its overnight discount window by 25 basis points to 6.00 percent. The HKMA’s move came after the U.S. Federal Reserve cut benchmark
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): State Bank of Pakistan is considering a proposal to launch business models for branch-less banking along with associated regulatory framework to promote Micro Finance (MF) Sector, while Grameen Foundation, USA will provide technical assistance in the
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): The KASB Bank has posted Rs 179.637 million as profit after tax in the quarter ended on September 30 as compared to Rs 66.656 million earned in the corresponding period last year. The board of directors of the bank, in its meeting, has declared that
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