Finance News Archive

12-Sep-2005

• 'Consumer finance bureau begins operation (Gulf Daily News)
MANAMA: A credit reference bureau, which will serve as a central depository of information related to consumer Finance in Bahrain, has now become operational.
• 'Sale of 8016 PTCL shares in CTI to Siemens approved MUSHTAQ GHUMMANISLAMABAD (September 13 2005): The Privatisation (Business Recorder)
ISLAMABAD (September 13 2005): The Privatisation Commission (PC) has obtained clearance from the government to sell 8016 PTCL ordinary shares in Carrier Telephone Industries (CTI) to Siemens at approximately Rs 62.375 per share against the reference price of Rs 60.20 per share, fearing that the future of the company would be in jeopardy after privatisation of PTCL, sources in Finance Ministry
• 'Germany's Merkel Gives Backing to Kirchhof as Finance Minister (Bloomberg.com)
Sept. 12 (Bloomberg) -- German opposition leader Angela Merkel said she won't bow to pressure to abandon Paul Kirchhof, a proponent of a flat tax system, as her preferred candidate for the job of finance minister should she win the Sept. 18 election.
• 'Princeton Review Names New Finance Chief (AP via Yahoo! Finance)
Princeton Review Inc., a provider of test-preparation and college admissions services, said Monday it appointed a new chief financial officer, and current finance chief Steve Melvin will move to the role of executive vice president of finance.
• 'APEC Finance Ministerial "Productive," Treasury's Kimmitt Says (U.S. State Department)
Senior finance officials from the 21 member economies of the Asia-Pacific Economic Cooperation forum have completed a "productive" two-day meeting that addressed several issues of particular importance to the United States, Deputy Secretary of the Treasury Robert Kimmitt said in a statement September 9.
• 'Rohm and Haas Company Begins Exchange Offer for 6.0 Percent Notes of Rohm and Haas Denmark Finance A/S Due March 2007 (ChemPoint)
PHILADELPHIA -- August 23, 2005 - Rohm and Haas Company today announced that it has launched an exchange offer outside the United States to existing holders of euro 400 million in Rohm and Haas Denmark Finance 6.0 percent euro notes due March 9, 2007. The company is offering existing holders of the 2007 notes the opportunity to exchange the 2007 notes for Rohm and Haas Company 7-year
• 'Wachovia doubles auto finance business with California purchase (BizJournals)
Wachovia Corp. has agreed to purchase Westcorp and WFS Financial Inc. of Irvine, Calif., for $3.9 billion, more than doubling the size of Wachovia's auto finance operation.
• 'Malaysia RHB Cap Plans To Merge Banking, Finance Units (Dow Jones via Yahoo! Asia News)
KUALA LUMPUR (Dow Jones)--Malaysia's RHB Capital Bhd. (1066.KU) Monday said its unit RHB Bank Bhd. has submitted a joint application to the central bank to merge with its finance firm RHB Delta Finance.
• 'DaimlerChrysler Services Truck Finance Reaches Out to Customers and Dealers Affected by Hurricane Katrina (The Auto Channel)
* DaimlerChrysler Services Truck Finance will offer customers in affected areas special assistance, including "Special Circumstance" extensions and deferrals.
• 'Malaysia RHB Cap Plans To Merge Banking, Finance Units (Dow Jones via Yahoo! Australia & NZ Finance)
DJ Malaysia RHB Cap Plans To Merge Banking, Finance Units KUALA LUMPUR (Dow Jones)--Malaysia's RHB Capital Bhd. (1066.KU) Monday said its unit RHB Bank Bhd. has submitted a joint application to the central bank to merge with its Finance firm RHB Delta Finance. RHB Delta Finance is a wholly-owned unit of RHB Bank which in turn is a 70% owned subsidiary of RHB Capital. Several Malaysian banks are