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NZ banks face tough times from credit crunch-survey
Author: Admin on Apr 21, 2008 19:52
WELLINGTON, April 22 (Reuters) - New Zealand banks are set to restrict lending, increase charges and face more bad debts in the wake of the international credit crunch, a report by accounting and advisory firm...
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INSTANT VIEW 2-Samsung Group leader Lee to step down
Author: Admin on Apr 21, 2008 19:52
SEOUL, April 22 (Reuters) - Samsung Group head Lee Kun-hee, indicted last week for tax evasion and breach of trust, said on Tuesday he was quitting his post at South Korea's largest conglomerate. Chief executives...
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BoCom drops from Wing Lung Bank auction -source
Author: Admin on Apr 21, 2008 19:52
HONG KONG, April 22 (Reuters) - China's Bank of Communications <601328.SS><3328.HK> has pulled out of the auction for Hong Kong's Wing Lung Bank Ltd <0096.HK>, a source familiar with the matter said on Tuesday, leaving...
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INSTANT VIEW 1-Samsung Group leader Lee to step down
Author: Admin on Apr 21, 2008 19:51
SEOUL, April 22 (Reuters) - Samsung Group head Lee Kun-hee, indicted last week for tax evasion and breach of trust, said on Tuesday he was quitting his post at South Korea's largest conglomerate. For stories...
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INTERVIEW-IFC to offer Afghans $15-25 mln in financing-C.bank
Author: Admin on Apr 21, 2008 03:23
WASHINGTON, April 14 (Reuters) - The private sector lending arm of the World Bank has promised Afghanistan up to $25 million in loans to bolster its banking system, Central Bank Governor Abdul Qadeer Fitrat said...
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Dollar jumps vs euro on G7's currency worries
Author: Admin on Apr 21, 2008 03:23
TOKYO, April 14 (Reuters) - The dollar jumped against the euro on Monday after the Group of Seven nations surprised investors by expressing concern about sharp swings in major currencies, although traders were sceptical about...
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HK stocks fall ahead of China data; financials drop
Author: Admin on Apr 21, 2008 03:23
(For Shanghai market reports, click [.SS]) (Updates to Monday lunch close, details) HONG KONG, April 14 (Reuters) - Hong Kong tracked overseas losses to fall 3.3 percent on Monday, with financial plays leading the slide...
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India's Biocon to buy U.S. firm for $400 mln-media
Author: Admin on Apr 21, 2008 03:22
MUMBAI, April 14 (Reuters) - India's top biotechnology firm, Biocon Ltd, is in talks to acquire a U.S. firm in a deal valued at $400 million to boost its overseas pharmaceutical distribution network, the Mint...
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Morgan Stanley appoints new Japan capital markets head
Author: Admin on Apr 21, 2008 03:22
TOKYO, April 14 (Reuters) - U.S. investment bank Morgan Stanley this month appointed Takeshi Wakamatsu head of its global capital markets team in Japan, replacing Bradford Hu, a company spokeswoman said. Wakamatsu, a managing director...
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Emerging debt-Asian bonds weaken on U.S. recession fears
Author: Admin on Apr 21, 2008 03:22
HONG KONG, April 14 (Reuters) - Asian bonds fell on Monday after weak data from the United States and downbeat earnings at General Electric reignited fears of a recession in the world's largest economy. But...
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