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Tag Archives: National

California City national RBC deal, announces $11b community reinvestment Act plan

CALIFORNIA: The National Diversity Coalition, an umbrella group of community organizations based in Daly City, announced in a letter to federal officials that it has withdrawn its opposition to the deal. When deciding whether to sign off on bank mergers, regulators judge banks on their compliance with the Community Reinvestment Act, which requires lenders to serve small businesses and minority ... Read More »

Swiss National Bank decided to maintain interest rate at -0.75%

BERN: Greece Private Sector StrikeThe Swiss National Bank decided to maintain the interest rate on sight deposit account balances at -0.75% on Thursday. It still believes its monetary policy is effective and defends its use of negative interest rates, which it believes should weaken the Swiss franc over time. While the bank’s base scenario does not involve Greece leaving the ... Read More »

Swiss National Bank decided to maintain interest rate at -0.75%

BERN: Greece Private Sector StrikeThe Swiss National Bank decided to maintain the interest rate on sight deposit account balances at -0.75% on Thursday. It still believes its monetary policy is effective and defends its use of negative interest rates, which it believes should weaken the Swiss franc over time. While the bank’s base scenario does not involve Greece leaving the ... Read More »

Finland’s National economy output falls by 1.1% in April 2015

HELSINKI: Seasonally adjusted output of the national economy fell by 1.1 per cent in April from the month before, according to Statistics Finland’s data. Adjusted for working days, output fell by 1.2 per cent from April 2014.  Working-day adjusted output grew in March by 0.9 per cent from March 2014, the revised data show. The revision was caused by the ... Read More »

China’s emphasizes on national security law for better business envoirment

BEIJING: China’s rising highlighting on national security has worked up U.S. and European companies that fright their capability to do business here could be extensively compromised The security crackdown reflects President Xi Jumping’s concerns that foreign forces are intent on overthrowing China’s Communist Party, propagating dangerous Western values such as democracy and free speech, and stimulating a popular uprising or ... Read More »

National bank of Greece reports losses of 159m in Q1‏ of 2015

ATHENS: National Bank of Greece (NBG) reported losses of 159 million euros in the first quarter of 2015, integrating domestic losses of financial results worth 112 million euros. Commenting on the results, NBG CEO Leonidas Fragkiadakis said: “Against strong headwinds, which have mainly hit liquidity and asset quality in the domestic banking sector, National Bank of Greece managed to post ... Read More »

National bank of Greece reports losses of 159m in Q1‏ of 2015

ATHENS: National Bank of Greece (NBG) reported losses of 159 million euros in the first quarter of 2015, integrating domestic losses of financial results worth 112 million euros. Commenting on the results, NBG CEO Leonidas Fragkiadakis said: “Against strong headwinds, which have mainly hit liquidity and asset quality in the domestic banking sector, National Bank of Greece managed to post ... Read More »

National project provides 48,000 jobs in Jordan

AMMAN: The Arab Importer and Exporter Union on Tuesday said it has adopted all necessary measures for the implementation of a national project on social development in Jordan, which contributes toward advancing economic and social development and providing employment opportunities. The project aims to create 4,800 small and micro projects each year that create products appropriate for export. These ventures ... Read More »

National project provides 48,000 jobs in Jordan

AMMAN: The Arab Importer and Exporter Union on Tuesday said it has adopted all necessary measures for the implementation of a national project on social development in Jordan, which contributes toward advancing economic and social development and providing employment opportunities. The project aims to create 4,800 small and micro projects each year that create products appropriate for export. These ventures ... Read More »

Finns national economy output remains on level in March

HELSINKI: Seasonally adjusted output remained in March on level with the previous month, according to Statistics Finland. Adjusted for working days, output grew by 1.4 per cent from March 2014. Working day adjusted output grew in February by 0.8 per cent from February 2014. Adjusted for working days, primary production grew by close on four per cent, secondary production by ... Read More »

Finland’s national railway operator VR group cuts 100 jobs

HELSINKI: National railway operator VR Group will launch rolling stock maintenance statutory negotiations on May 4. The negotiations will concern all white-collar employees as well employees outside the collective bargaining agreement. In all, the negotiation concerns 300 employees. The preliminary redundancy need is estimated at 100 employees at maximum. According to VR, the negotiation is necessary due to economic, production ... Read More »

National Bank of Greece stock finishes 3.20% at the end

ATHENS: National Bank of Greece stock finished in the red at 3.20% as markets closed yesterday. The stock is likely to fall again today as it is down in pre-market trading by a whopping 9.09%. The hype surrounding Greek economic reforms makes one contemplate their magnitude on the country’s crippled banking sector. Bidness Etc investigates what economic reforms will do ... Read More »

Greek businessman caught by Cyprus customs with 500,000 Euros

NICOSIA: Cyprus Customs Authority has caught a Greek businessman who tried to escape with 500,000 Euros cash after the banks on the island refused to let him deposit. State radio reported the businessman had arrived in Cyprus from Greece, carrying the money in his luggage in bills of 200 and 500 Euros. It was confiscated when he attempted to take ... Read More »

Physical, mental health perquisite for nation’s efficiency: LCCI

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has organised a day-long seminar on “The Hidden Enemy” on Friday, in which a large number of people from different walks of life participated. LCCI Vice President Kashif Anwar and renowned Psychiatrist Dr GH Saqib Kalyani spoke on the occasion and marked the importance of physical and mental health. They pledged ... Read More »