Poland’s bank chief rips budget
Poland’s bank chief rips budgetBy Joellen Perry
The Wall Street Journal Europe
29 Sep 2006
Capping more than a week of political turmoil in Poland, the country’s central-bank chief lambasted thegovernment’sdraft2007budget— which projects a deficit—as one of “irresponsibility and populism.” The incident highlights increasing tensions among...
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U.S. stocks simmer down after approaching record
U.S. stocks simmer down after approaching record
The Wall Street Journal Europe
28 Sep 2006
A WALL STREET JOURNAL NEWS ROUNDUP FTER GETTING within two points of its highest closing level ever yesterday, the Dow Jones Industrial Average wavered on two old fears: oil prices and the Federal Reserve. In late trading in New York, the Dow was up...
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Success in the City powers Britain’s boom
Success in the City powers Britain’s boomAngela Balakrishnan
The Guardian
26 Sep 2006
Britain’s financial sector is booming and made up just under a tenth of the country’s economy last year, according to a report published yesterday. Financial services account for 8.5% of the UK economy, up from 5.5% five years ago, International...
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Bank Names Kozlov’s Replacement
Bank Names Kozlov’s ReplacementBy Gleb Bryanski REUTERS
Moscow Times
22 Sep 2006
Gennady Melikyan, a Central Bank deputy chairman, has been appointed head of its banking supervision committee, replacing Andrei Kozlov, who was shot dead earlier this month, the bank said Thursday. Melikyan will take over Kozlov’s powers of...
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Macquarie Bank (MBL) $63.41
Macquarie Bank (MBL) $63.41
Australian
20 Sep 2006
LOPPING the heads off tall poppies is a proud Australian tradition, so it must be especially galling for the detractors of Macquarie Bank that every time they try to knock down the Millionaires Factory it bounces back with another profit...
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Foreign banks in Vietnam detail fears
Foreign banks in Vietnam detail fearsBy James Hookway
The Wall Street Journal Europe
18 Sep 2006
Major foreign banks in Vietnam have expressed concern to the country’s central bank over the threatened criminal prosecution of several ABN Amro Holding NV staff in connection with a currency-trading dispute, a development that has tainted the...
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Putin orders crackdown after banker’s murder
Putin orders crackdown after banker’s murderBy Gregory L. White
The Wall Street Journal Europe
18 Sep 2006
MOSCOW—President Vladimir Putin ordered stepped-up efforts to root out economic crime and corruption, saying last week’s brazen murder of a top central-bank official is a sign of rising tensions in that fight. The contract-style killing of Andrei...
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HSBC tightens rules on customer credit
HSBC tightens rules on customer credit
The Guardian
12 Sep 2006
HSBC yesterday signalled the end of easy credit as it announced a clampdown on customers who regularly go into the red on their current accounts. Britain’s biggest bank is changing its rules on overdrafts in order to rein in customers it believes are...
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Watchdog threatens £1bn ‘overcharging’ by banks
Watchdog threatens 1bn ‘overcharging’ by banksPhillip Inman
The Guardian
08 Sep 2006
Bank profits worth more than 1bn a year were at risk yesterday after the Office of Fair Trading (OFT) threatened to slash by half the account fees and penalty charges that banks levy on customers. An OFT investigation into the level of bank charges...
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Asian Development Bank raises its growth outlook for region
Asian Development Bank raises its growth outlook for regionBy Cris Larano
The Wall Street Journal Europe
07 Sep 2006
MANILA—The economy of developing Asia is expected to expand at a pace faster than initially expected this year and next as growth in China and India fuel the region’s economic expansion, the Asian Development Bank said. The Manila bank said the...
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Deutsche Postbank to join DAX
Deutsche Postbank to join DAX
The Wall Street Journal Europe
07 Sep 2006
REUTERS NEWS SERVICE German bank Deutsche Postbank AG will replace drug maker ScheringAGin the country’s stockmarket indexDAX, exchange operator Deutsche Brse said. Schering had to leave theDAXof Germany’s top-30 companies and will be demoted to the...
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