Archive for November, 2007

DMO to hold 9 gilt auctions January - March

Friday, November 30th, 2007

The UK’s Debt Management Office said it will hold nine auctions of gilts during the final quarter of the 2007/08 fiscal year, from January through March.
The dates and details of the auctions are as follows:
- Jan 8: 4.75 pct treasury gilt maturing in 2030
- Jan 17: 0.75 pct index-linked treasury gilt maturing in 2047
- Jan […]

Economic confidence in Europe slumps

Friday, November 30th, 2007

Confidence in the European economy slumped further in November although the business climate improved slightly, a European Union survey shows.

Slovak coalition saved until euro adoption secure: party leader

Thursday, November 29th, 2007

The leader of Slovakia’s junior coalition party, Vladimir Meciar, said
Thursday it would continue to back the three-party government coalition,
after overnight talks aimed at averting its collapse.

EU opens probe into British guarantee for BT pensions

Thursday, November 29th, 2007

The EU has launched an in- depth investigation into British government guarantees for the pension fund of the BT Group telecoms operator.

China?s Ping An announces 1.81-bln-euro stake in Fortis

Thursday, November 29th, 2007

Ping An Insurance, China’s second-largest life insurer, has spent 1.81 billion euros (2.68 billion dollars) on a 4.18-percent stake in Dutch-Belgian group Fortis, the Chinese company said on Thursday.

New Zealand Finance group collapses

Thursday, November 29th, 2007

Auckland based Capital + Merchant Finance has collapsed and been placed in receivership with debts of around $190m, leaving the deposits of at least 7000 investors under threat.
It is the 13th such failure in the industry in New Zealand the past 18 months.
Capital + Merchant Finance Ltd and Capital + Merchant Investments, had breached general […]

China Finance Online Completes Acquisition of Hong Kong Securities Brokerage Firm

Wednesday, November 28th, 2007

China Finance Online Co., Limited , a leading Chinese online financial information, data, and analytics provider, today announced that on November 23rd, 2007, it successfully completed the acquisition of 85% equity interest of Daily Growth Investment Company Limited, a licensed securities brokerage firm incorporated in Hong Kong with a history of over 35 years.
Under the […]

EU executive proposes VAT change for finance firms

Wednesday, November 28th, 2007

Mortgage lenders and banks could save millions of euros under plans unveiled by the European Commission on Wednesday to give them sales tax refunds and help trim the cost of financial products for consumers.
EU Tax Commissioner Laszlo Kovacs, however, has already cautioned that the proposal to iron out inequalities in the value-added tax (VAT) system […]

Global Equity Corporation

Wednesday, November 28th, 2007

Global Equity Corporation announces that it has purchased 60 units (the “Units”) representing 0.3% and now owns 1,740 Units representing 7.6% of the outstanding Units of Banff Rocky Mountain Resort Limited Partnership (the “Partnership”). Together with Units of the Partnership held by Phoenix Capital Inc., a party, which may be considered to be a joint […]

Hungary sees public deficit ratio falling to 4.0 pct next year

Tuesday, November 27th, 2007

The Hungarian Parliament on Tuesday approved the government’s 2008
budget, which sees the public deficit narrowing substantially to 4.0
percent of output next year.