FINANCE NEWS & INFORMATION
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Tuesday, October 07, 2008
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LATEST FINANCE NEWS:
G7 finance chiefs to meet Friday in Washington: Treasury
The US Treasury said Monday that the finance chiefs of the Group of Seven industrialized nations will meet this week ahead of the annual meetings of the International Monetary Fund and the World Bank. EU finance chiefs in crisis talks EU finance ministers are set to meet for global crisis talks as Asian markets continue the turbulence in world share prices. A.I.G. To Sell Thai Consumer Finance Unit American International Group is to sell its Thai consumer finance businesses, including AIG Retail Bank and AIG Card, the head of the bank said on Monday. European Finance Ministers Struggle to Agree on Crisis Response Oct. 6 (Bloomberg) -- European finance ministers struggled to agree on a coordinated response to the global financial crisis after European stocks dropped the most since 1987. ISLAMIC FINANCE REMAINS VIABLE AND COMPETITIVE KUALA LUMPUR, Oct 7 (Bernama) -- Against the backdrop of an increasingly uncertain global environment, Islamic finance, as a form of financial intermediation in the international financial system has continued to be viable and competitive, said Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz. Brazil to Use International Reserves to Finance Trade (Update1) Oct. 6 (Bloomberg) -- Brazilian central bank President Henrique Meirelles , seeking to shore up confidence after stocks and the currency plunged, said the government will use its record international reserves to finance exports and ease a credit crunch. Finance minister blocked from entering Parliament Finance Minister Suchart Thadathamrongvej was blocked by protesters from entering Parliament at about 11 am. 1854 Bangna-Trat Road, Bangna, Bangkok 10260 Thailand. |







