Archive for May, 2010

www.settrade.com, one of The Stock Exchange of Thailand’s websites, has again won the Government Information Technology Services’ prestigious Truehits Web Award, which is an accepted standard fo

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Thai bourses www.settrade.com wins finance website award for seventh consecutive year

31 May 2010 MOSCOW: There is no doubt of the potential for Islamic finance in Russia and the CIS countries, but the major stumbling block is the absence of enabling legislation and a regulatory framework to facilitate Islamic financial products such as Murabaha, Ijara and sukuk.

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Lack of legislation hinders Islamic finance march in Russia

The Government introduced legislation into Parliament earlier this week for the new Managed Investment Trust definition that will apply to both the capital account election reforms and the withholding tax regime.

Originally posted here:
Finance and Banking

The final, amended version of the Senates financial reform bill is not yet available but from what we can see from the press and other sources, the Lincoln amendment on derivatives and the Dodd/Shelby amendment preventing taxpayer funds from being used for any future bailout without prior congressional approval have been retained, and the Volcker rule has been restored.

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Will US finance bill reduce systemic risk?

There have been further amendments to the Finance Bill, 2010, which have been passed when the Bill became law. These amendments may be explained to supplement your comments on the Finance Bill in the Tax Forum.

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Amendment to Finance Bill, 2010

BUDAPEST, May 29 – Hungary’s former finance minister denied a media report on Saturday that the budget deficit could hit 6.5 percent of gross domestic product this year, far above the 3.8 percent target.

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2010-05-29 22:57 Hungary’s ex-fin min denies 6.5 pct deficit report

Dubai will ride out its latest financial troubles without a federal bailout for another major investment company seeking postponement of debt repayments, the Emirates’ finance chief said Saturday after the request raised new concerns about the city-state’s credit woes.

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Emirates finance chief: Dubai can resolve new woes

Looks like gasoline prices will be on the low side this weekend, and maybe even through June, but whatever money you save at the pump probably wont make up for what you lost in the stock market.

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Personal Finance Daily: Good news on gas prices, but stocks? Not so much

The London interbank offered rate, used by banks to lend to each other in dollars, is tied to variable-rate loans in the United States and is hitting 10-month highs. Should you refinance? How should you plan ahead?

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Video: Personal Finance Minute: All About Libor

City-based Sundaram Finance group Friday ruled out entering the banking sector and said it will continue with the mutual fund business with or without a partner.

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Sundaram Finance not to enter banking or exit MF business