Category Archive: News
Rio CEO seeking BHP iron ore approval
Global miners BHP and Rio expect the iron ore joint venture in Western Australia will fail to get regulatory approval, the Sydney Morning Herald reports. The joint venture would generate $5bn in cost savings annually for BHP and comes as the world’s largest diversified miner launches a $39bn hostile bid for Potash Corp. Albanese, speaking […]
BVI expands services
Over the last 30 years, the BVI has established itself as a leading offshore financial centre, offering one of the most sophisticated and convenient frameworks for international businesses. The business environment is supported by a sound legal system, efficient and efective regulatory environment, stable government and quality infrastructure. Over the last two decades the BVI […]
Bolivian securities gain international respect
Nacional Financiera Boliviana Sociedad de Titularización S.A. (NAFIBO ST) is the leading securitisation company in Bolivia and the most innovative in Latin America having securitised future cash flows of small companies, cooperatives and NGOs oriented to microcredit. NAFIBO ST has also pioneered the use of structured notes over the past few years, while such products […]
As seen at the World Cup and Expo 2010
Not many countries with two million people and an area of 20, 0000 sq. km have played in the 2010 World Cup, and are attracting thousands of visitors to the Slovenian pavilion in Shanghai designed around the fact that its capital Ljubljana is also this year’s UNESCO World Book Capital. Companies that want to relocate […]
Continuous growth for market leader
The bank has remained the most profitable in Bolivia for the fourth year in a row. In order to achieve these profits, the bank cut costs significantly, therefore being able to counteract the significant decrease in interest rates that affected the financial system. The bank continued its growth strategy both in deposits, loans and investments. […]
China tries to soothe fears about local debt
China has played down the risks in a wave of borrowing by local governments, saying that officials were getting to grips with a debt problem that economists warn could yet destabilise the financial system. A statement issued by the Ministry of Finance and the China Banking Regulatory Commission (CBRC) gave a largely clean bill of […]
Insurer FP banks on Mideast employee benefits
Life insurer Friends Provident, now part of the British group Resolution, sees a rise in employee benefits in the Middle East as a springboard to growth in the region’s nascent insurance industry, an executive said. “The main focus is on the United Arab Emirates and we are currently speaking to another territory about getting a […]
Family banker to familiar entrepreneur
Founded in 1926, Banca March is the foremost family-owned Spanish bank. Soundness, prudence and a close-knit relationship with its clients are the cornerstone values of a bank that has been around for nearly a century. Banca March also has the best solvency ratio among Spanish banks and one of the highest in European banking (19.7 […]
Bovespa-based bank expands loan porfolio
The bank prides itself on understanding the needs as well as the strategies of its clients in order to provide them with customised services efficiently and quickly. The bank focuses on corporate clients with annual revenues above R$150m. Its culture led to fast growth throughout its more than twelve years of existence, positioning Banco PINE […]
Forex firm offers to cut the deck
The plunge of the European common currency has been the market theme for much of 2010. With the euro value declining to the lowest level against the dollar since 2006, foreign exchange trading has given way to extraordinary profit taking. Feeding on turbulence, the forex market offers unparalleled opportunities in both upturn and downturn markets […]
