Finance News Archive

09-Aug-2005

• 'UAE Etisalat Gets $2.1B Islamic Finance For Pakistan Bid (Dow Jones via Yahoo! Australia & NZ Finance)
DJ UAE Etisalat Gets $2.1B Islamic Finance For Pakistan Bid LONDON (Dow Jones)--The UAE's Emirates Telecommunications Corp. (ETISALAT.AD) Tuesday said its investment arm has closed an Islamic financing agreement worth $2.1 billion to Finance 90% of its successful bid for a 26% stake in Pakistan Telecommunications Co. Ltd. In a statement, Etisalat International said it has appointed seven banks to
• 'UAE Etisalat gets $2.1B Islamic finance for Pakistan bid (CBS Market Watch)
LONDON (MarketWatch) -- The UAE's Emirates Telecommunications Corp. (ETISALAT.AD) Tuesday said its investment arm has closed an Islamic financing agreement worth $2.1 billion to Finance 90% of its successful bid for a 26% stake in Pakistan Telecommunications Co. Ltd.
• '08 August 2005 20:03 Finance ministry issues governmental securities statistics (Gateway to Russia)
Net receipts from operations with ruble-denominated governmental securities in the federal budget in January-July 2005 stood at RUR35.815m (approx. USD1.26bn), the official statement of Russia's finance ministry reads. Over the seven months, the actual issue volume reached RUR104.85bn (approx.
• 'Ont. finance minister tells Stelco its restructuring plan is unacceptable (Canadian Press via Yahoo! News)
TORONTO (CP) - Ontario's finance minister has rejected Stelco Inc.'s restructuring plan and refused to give the steelmaker the leeway it had asked for on pension funding requirements.
• 'GE Consumer Finance agrees to buy stake in Hyundai Card (Reuters via Yahoo! Asia News)
NEW YORK, Aug 9 (Reuters) - General Electric Consumer Finance, a unit of General Electric Company , said Tuesday it has agreed to buy a 43-percent stake in Hyundai Card, a South Korean credit card provider, for $663 million in cash and debt.
• 'Finance chief seeks end to dispute at PNB (INQ7money.net)
FINANCE Secretary Gary Teves has scheduled a make-or-break meeting for Thursday among aggrieved sugar planters, the central bank and Philippine National Bank (PNB) to settle a dispute over P3 billion in sugar crop loans ahead of an auction Friday of 67 percent of PNB.
• 'Two Detroit lawmakers face charges of violating state election and campaign-finance laws (Crain's Detroit Business)
Michigan Attorney General Mike Cox on Tuesday said he is charging two Detroit lawmakers with violations of state election and campaign-Finance laws. In a news release, Cox said he will charge Rep. George Cushingberry Jr., D-Detroit, with perjury and failure to file campaign statements.