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MOSCOW (Commodity Online) : Russia’s central bank on Thursday cut its key refinancing rate from 8.25 percent to a historic low of 8 percent. The reduction of the key interest rate, aimed to boost economic recovery, would be effective on Friday, the central bank said in a statement. This is ...
Several of the companies have developed small credit card scanners that plug into a cellphone and for a small fee enable any individual or small business to turn a phone into a credit card processing terminal. PayPal’s cellphone app calls for only a simple bump of two cellphones to transfer ...
AUSTRALIA’S big banks are seeking permission to sell covered bonds, but they may find it difficult to convince the government that this won’t simply entrench their dominance of the mortgage market. The government will be loath to take steps that might further discourage competition in a lending market already dominated ...
The nominations are subject to Senate approval. If the Senate confirms all three nominees, Obama will have appointed five of the seven members of the Federal Reserve Board. His moves come as the Fed, whose decisions influence economic activity, employment and inflation, is facing political and economic challenges. The Fed ...
By Walter Updegrave, senior editorApril 29, 2010: 4:59 AM ET (Money Magazine) — Question: Our retirement savings plan at work now offers several target-date retirement funds. I’m about 20 years from retirement, and I’m wondering whether I should consider one of these funds or try to keep a diversified portfolio ...
By Walter Updegrave, senior editorApril 29, 2010: 4:59 AM ET (Money Magazine) — Question: Our retirement savings plan at work now offers several target-date retirement funds. I’m about 20 years from retirement, and I’m wondering whether I should consider one of these funds or try to keep a diversified portfolio ...
As apps migrate to the Net, the software giant’s old model looks older every day. By Marc Benioff, Chairman and CEO salesforce.com I have been waiting for something spectacular to happen any day. And it’s not the explosion of another volcano in Iceland, but it will be a global event ...
Or maybe it was a fatal blow to the Labour government’s chances of staying in power after next Thursday’s election. However you look at it, Mr. Brown’s irascible characterization of a member of the public as a “bigoted woman,” caught on a live microphone after the two had discussed immigration ...
SEATTLE – GM Nameplate isn’t exactly a household name, but its products are well-known to anyone who has flown on a Boeing airplane in recent years. From a midsized room in a nondescript Seattle building, the family-owned company produces a vast array of graphics that go into Boeing airplanes, from ...
WASHINGTON – President Barack Obama on Thursday will name Janet Yellen to be vice chairwoman of the Federal Reserve and will fill two other vacancies at the central bank whose decisions influence economic activity, employment and inflation. An official with advance knowledge of the moves spoke to The Associated Press ...
Several of the companies have developed small credit card scanners that plug into a cellphone and for small fee enable any individual or small business to turn a phone into a credit card processing terminal. PayPal’s cellphone app calls for only a simple bump of two cellphones to transfer money. ...
RENOWNED investment banker Brett Paton will join Citi in a move that will unwind the boutique corporate advisory group Palladio Partners. Mr Paton became a director of Palladio, with bankers Tony O’Sullivan and Tony Burgess, almost 18 months ago after a 20-year stint with rival investment bank UBS. However, Mr ...