Finance News Archive

20-Oct-2005

• 'Finance ministry officials charged with graft (Jakarta Post)
Prosecutors demanded an 18-month jail sentence for two senior officials of the Ministry of Finance over their alleged involvement in a graft case at the General Elections Commission (KPU).
• 'GE Consumer Finance signs deal with Shenzhen bank (Reuters via Yahoo! Asia News)
NEW YORK, Oct 20 (Reuters) - GE Consumer Finance, a unit of General Electric , said on Thursday it has entered into a "strategic co-operation agreement" with Shenzhen Development Bank to develop consumer Finance opportunities in China.
• 'ShareChat News: NZ Finance posts 47% profit increase (ShareChat)
Mortgage broking and finance company New Zealand Finance Holdings Ltd (NZF) has posted a 43.7% increase in first half profit.
• 'Business finance, city and markets news (Interactive Investor)
Business Finance and city news online from Interactive Investor (www.iii.co.uk). Plus financial and currency market news and information 24/7. Stock prices, share prices, currency markets news and business finance headlines. Also news from AFX and Reuters.
• 'Allco Finance Group May Merge With Record Investments (Update2) (Bloomberg.com)
Oct. 21 (Bloomberg) -- Record Investments Ltd., an Australian investment manager, said it may merge with Allco Finance Group Ltd., a closely held Australian finance company.
• 'GE CONSUMER FINANCE AND SHENZHEN DEVT BANK IN STRATEGIC ALLIANCE (Asia Pulse via Yahoo! Australia & NZ Finance)
Banking / finance
• 'Japan finance chief sees rate danger (CNN Money)
TOKYO (Reuters) - Finance Minister Sadakazu Tanigaki said on Friday that a rise in Japanese long-term interest rates alone could have an adverse impact on the economy as Japan remains in deflation.
• 'GE finance unit allies with Chinese bank (BusinessWeek)
OCT. 20 6:50 P.M. ET General Electric Co. on Thursday said its lending unit, GE Consumer Finance, has agreed to an alliance with China's Shenzhen Development Bank to pursue finance opportunities in that country.
• 'GE CONSUMER FINANCE And SHENZHEN Devt BANK In Strategic Alliance (Asia Pulse via Yahoo! Australia & NZ News)
(Full text of a statement. Contact details below.) SHENZHEN, China--(BUSINESS WIRE)--Oct. 20, 2005--GE Consumer Finance ("GECF"), the global consumer lending unit of General Electric Company (NYSE: GE), and Shenzhen Development Bank (SZSE 000001, "SDB"), the first publicly traded bank in China, today announced that they have entered into a Strategic Cooperation Agreement to develop consumer