New York, NY (PRWEB) October 07, 2012 Michael Lombardi, financial expert and lead contributor to Profit Confidential, reports that gold bullion prices have been hovering a little below $ 1,800 an ounce. Lombardi states that, with the recent increase in money printing by the Federal Reserve, gold will move higher as central banks race to [...]
Archive | December, 2011
UPDATE 2-German watchdog wants swift transition to Basel III
Basel III von aussen Image by pppspics UPDATE 2-German watchdog wants swift transition to Basel III BaFin's Koenig says Basel III needs swift, global adoption. * Comment follows U.S. criticism of Basel III rules. * Bankers worry rules could push up lending costs. FRANKFURT, Nov 19 (Reuters) – There should be a swift, worldwide introduction [...]
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Latest People’s Bank Of China News
People's Bank of China injects RMB89 billion of liquidity in open market operation People's Bank of China offers RMB89 billion of liquidity through open market operation today. Today's open market operation includes RMB46 billion of 7-day reverse repo at 3.35% and RMB43 billion of 14-day reverse repo at 3.45%. Rates are unchanged. Read more on [...]
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Latest Tier 1 Capital News
DCB to augment Tier-1 capital Development Credit Bank (DCB) will be augmenting its Tier-I capital by issuing additionally 93 lakh equity shares of Rs. 10 each at a premium of Rs. 33.68 on a preferential basis. WCP Holdings III, an existing shareholder with 2.55 per cent stake, will … Read more on The Hindu Regulatory [...]
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Low interest rates provide boost to auto loan business
Low interest rates provide boost to auto loan business Record-low interest rates have propped up a slow-to-recover housing industry. Even lower rates are helping the auto finance industry surge, as many firms see exponential growth and consumers get great deals. Many drivers who have been riding out the … Read more on Minneapolis Star Tribune [...]
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Bank of Japan defies government, holds off easing
Bank of Japan defies government, holds off easing Following a two-day policy meeting, the Bank of Japan (BoJ) announced on Tuesday that it would not implement additional monetary easing measures to spur Japan's struggling economy. BoJ's policy board also voted unanimously to hold interest rates … Read more on Deutsche Welle Bank Of Japan Keeps [...]
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Latest Monetary Policy News
RBI's tight monetary policy resulted in slowing down of growth: Chidambaram "Among domestic factors, the tightening of the monetary policy in order to control inflation resulted in the slowing down of investment and growth, particularly in the industrial sector," Finance Minister P Chidambaram said in a reply to the Rajya Sabha. Read more on NDTV [...]
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Germany's Gold and Your Silver
Norton Gold Reserve – Produkt Image by saint-gobain abrasives, sweden Norton lanserar ett nytt sortiment slipprodukter för slipning av bl.a. lack och spackel. Det nya sortimentet som har beteckningen Gold Reserve, omfattar olika typer av rondeller och ark. Germany's Gold and Your Silver The recent furor over Germany's request to audit its gold reserves being [...]
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Latest Financial Repression News
The Age of Financial Repression Meanwhile, Western central banks are using another kind of financial repression by maintaining negative real interest rates (yielding less than the rate of inflation), which enables them to service their debt for free. The European Central Bank's … Read more on Project Syndicate Socialism 'No', But Financial Repression 'Yes' It [...]
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