Finance News Archive

02-Sep-2005

• 'Aide to Brazil Finance Minister Resigns (AP via Yahoo! News)
The top aide to the architect of Brazil's market-friendly economic policy resigned after denying that he participated in a corruption scandal shaking the administration of President Luiz Inacio Lula da Silva, the Finance Ministry said Friday.
• 'Dawson proposes changing finance department of school district (Benton Courier)
In his first school board meeting since becoming interim superintendent of the Benton School District, Dr. Fred Dawson recommended a reorganization of the district's Finance department, which he says will save the district about $20,000 annually.
• 'Aide to Brazil finance chief resigns amid scandal (CNN.com)
SAO PAULO, Brazil (AP) -- The top aide to the architect of Brazil's market-friendly economic policy resigned after denying he took part in a corruption scandal shaking the government of President Luiz Inacio Lula da Silva, the Finance Ministry said Friday.
• 'Power Finance prop for Mejia (The Telegraph)
New Delhi, Sept. 2: The Power Finance Corporation will lend Rs 2,891 crore to Damodar Valley Corporation to fund the extension of Mejia and Chandrapura thermal power projects in Bengal and Jharkhand respectively.
• 'Baker's departure highlights constraints of campaign finance law (WRGB)
(Boston - AP) ? The departure of Charlie Baker as a potential Republican candidate for governor next year may be highlighting constraints of the state's campaign finance law.
• 'First Bank expands trade finance unit with key hire (BizJournals)
First Bank in San Francisco expanded its Northern California trade finance group with the hiring of Nancy Tso as a vice president and manager.
• 'Personal Finance Daily -- Sept. 2 (Investors.com)
Here is a case in which we all need to take judicial notice. As much as financial planners (and, yes, personal-finance columnists) harp on the benefits of maintaining an investment strategy that spreads risk out over a number of asset classes, some folks continue to court disaster.
• 'Aide to Brazil Finance Minister Resigns (WJLA-TV Washington D.C.)
SAO PAULO, Brazil (AP) - The top aide to the architect of Brazil's market-friendly economic policy resigned after denying that he participated in a corruption scandal shaking the administration of President Luiz Inacio Lula da Silva, the Finance Ministry said Friday.Juscelino Dourado, chief of staff to Finance Minister Antonio Palocci, submitted his resignation Thursday night without offering a
• 'PwC Advises Firms To Split Finance Departments (Compliance Reporter)
PricewaterhouseCoopers is recommending firms that have to comply with Basel II capital adequacy rules split their finance departments into two. One team should handle routine data processing, such as calculating the firm's financial statements.
• 'Personal Finance Daily -- Sept. 2 (CBS Market Watch)
Here is a case in which we all need to take judicial notice: John Roberts, President Bush's nominee to the Supreme Court, may be wise in the ways of the law. But a simple analysis of his investment portfolio shows his rulings on personal-Finance matters should be overturned.