28 Apr 2005 09:04 AM

Central bank of India increased a benchmark interest rate for the second time in six months – a move that surprised market analysts. The

28 Apr 2005 08:29 AM

Bank of Japan said deflation will continue for an eight year making it keeping rates at the same zero level. ``It is not certain whether or not there will be occasion to change the present framework of the quantitative easing policy’ in fiscal 2005 and 2006», the central bank said.

28 Apr 2005 06:26 AM

Deutsche Bank AG, Germany’s biggest bank by assets, reported today its first-quarter income rose 17%

27 Apr 2005 05:54 PM

James Comyns gave an affidavit about his approach of three jurors in Ronald Perelman’s case against Morgan Stanley stating he is not involedin the case.

27 Apr 2005 12:40 PM

Former Merrill Lynch broker Timothy O’Connell is charged with illegal sharing of the information about large stock orders and intimidating his assistant who was called to testify before a grand jury. Timothy O’Connell was arrested after the investigation by the Securities and Exchange Commission and federal

27 Apr 2005 07:31 AM

U.S. mortgage applications increased 5.9% to 712.4 last week, as rose refinancing activity, according to the Mortgage Bankers Association (MBA).

26 Apr 2005 04:56 PM

Japanese bank Mizuho Financial Group Inc. announced Tuesday it would list on the New York Stock Exchange taking the first step among the Japanese banking institutions that are eager to list on NYSE.

26 Apr 2005 11:00 AM

Three jurors participating in the suit against Wall Street firm Morgan Stanley brought by financier Ron Perelman reported that a client of one of Mr. Perelman’s top litigators approached them with queries about the matter. This was revealed in the note sent to Florida State Judge Elizabeth Maass from jurors numbered 6,8 and 9 in the court records. The fact could lead to a mistrial.

25 Apr 2005 05:39 PM

International Finance Corp., the World Bank’s private lending unit, intends to buy 5% of Changjiang BNP Paribas Peregrine Securities Co., a Chinese investment bank one-third owned by France’s second-biggest bank.

25 Apr 2005 04:52 PM

The US third-largest bank in assets J.P. Morgan Chase & Co. said it would follow the demand from ecological activists and the company’s shareholders and would adopt guidelines that restrict its lending and underwriting practices for the industry projects that are under scrutiny over possible damage to the environment. An environmental

25 Apr 2005 02:50 PM

Europe’s largest bank by market value HSBC Holdings Plc said it has an option to expand in China by enlarging the number of jobs and branches in the world’s fastest-growing economy. The bank plans to open branches in up to 20 cities of China by 2007, it said in a statement. HSBC will lift the number

25 Apr 2005 12:15 PM

China can follow the international pressure and lift its undervalued currency , according to Zhou Xiaochuan, governor of the People’s Bank of China.

25 Apr 2005 12:01 PM

Japanese government ordered Citigroup Inc.’s Japan trust-banking unit to stop arrangement of new business in the region. The move is declared to be a kind of punishment for violating local banking laws.

25 Apr 2005 09:45 AM

UK’s third-largest bank Barclays Plc is in talks with South Africa’s biggest consumer lender Absa Group Ltd. to buy a 60% stake in the company for as much as $5.2 billion (31.4 billion rand).

25 Apr 2005 09:37 AM

Federal Reserve Chairman Alan Greenspan repeated to the Senate Budget Committee that budget deficits need to be trimmed through the application of a complex of measures.