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Latest Finance News

Gold Falls Back as it Tracks US Dollar , Italy Comes Under Scrutiny after
The Eurogroup of single currency finance ministers confirmed Saturday that Spain will ask to borrow up to 100 billion to fund restructuring of its banking sector, ahead of forthcoming stress tests of Spanish financial institutions.
Updated: 06/11/2012 03:39P

Swinney hits out at Osborne remarks
The Chancellor has placed too much emphasis on austerity, and sought cover in the euro crisis, the Finance Secretary has told Scottish businesses. John Swinney launched a fresh attack on George Osbornes fiscal and economic policy when he addressed a
Updated: 06/11/2012 03:39P

OHRIA Submission to Ontario Finance Committee
The Ontario Horse Racing Industry Association (OHRIA) was granted deputation in front of Ontarios Standing Committee of Finance and Economic Affairs on June 6th, where they presented a submission, which is available here. The charts contained on pages
Updated: 06/11/2012 03:39P

Market euphoria over Spanish bank bailout fizzles
ES) – Financial market euphoria over a European bailout for Spains debt-stricken banks faded quickly on Monday as investors sounded the alarm over its impact on public debt and bondholders, and eyed the next risks in the euro zones debt crisis.
Updated: 06/11/2012 03:38P

Analysis : Higher ratings slash costs of U.S. rail projects
Borrowing is also getting cheaper as global financial market turmoil drives investors to safe US government debt, which pushes down interest rates. Thats promising for companies like Union Pacific, which plans this year to spend a record $3.6 billion,
Updated: 06/11/2012 03:38P

FG Set to Audit, Review Airlines Operations
By Ibrahim Shuaibu The Minister of Finance, Mrs Ngozi Okonjo-Iweala has said the federal government has set up a committee that will audit and review the operation of airlines in the country. The minister was responding to a request by a stake holder
Updated: 06/11/2012 03:34P

The Spanish Bailout: A Guide for the Perplexed
Over the past few months, it has become clear that the savings banks cant raise enough capital to rescue themselves, and the Spanish government cant afford to do it: its borrowing costs have been rising rapidly, and issuing bonds to finance a bank
Updated: 06/11/2012 03:34P

Pranabs assurance on Bengal debt fails to enthuse Mamata
West Bengal Finance Minister Amit Mitras meeting with Union Finance Minister Pranab Mukherjee on a proposed moratorium on repayment of the states debt has left the Trinamool Congress (TMC) government dissatisfied. According to sources, the Centre was
Updated: 06/11/2012 03:32P

Proposal keeps teacher pay increases for longevity, education
MANITOWOC — If the Board of Education follows the recommendation of the Finance Budget Committee, teachers in the Manitowoc Public School District will continue to receive pay increases for years of service and additional education, but not based on
Updated: 06/11/2012 03:32P

Canadas Flaherty: Spain Bank Funding Encouraging
By Courtney Tower OTTAWA (MNI) - Canada is encouraged by the European funding arranged to support Spains banks but timely implementation of that assistance is vital, Finance Minister Jim Flaherty said in the House of Commons Monday.
Updated: 06/11/2012 03:32P

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