Finance News Archive

22-Aug-2005

• 'Romanian finance minister sacked in reshuffle (Reuters via Yahoo! Asia News)
BUCHAREST (Reuters) - Romanian Finance Minister Ionut Popescu and four other cabinet members were sacked on Monday in a reshuffle aimed at boosting popular support for the ruling centrists as they tackle tough EU-prescribed reforms.
• 'Finance minister's denial boosts Brazil markets (Financial Times)
Brazil's financial markets rallied on Monday after Antonio Palocci, the Finance minister, denied accusations of bribery and insisted he would maintain the nation's orthodox economic policy.
• 'albawaba.com middle east news information::Gulf Finance House Commercial Bank expansion on cards, to move to new (Mena Report)
Gulf Finance House Commercial Bank (GFHCB), the wholly-owned real-estate-focused on-shore subsidiary of Gulf Finance House B.S.C. (c), on Monday announced that it is all set to move into new larger premises in Zamil Tower to support its strategic expansion plans and chart further growth.
• '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.
• 'Brazilian leader defends his finance minister against kickback allegations (CNews)
Brazilian investigator and justice official Wagner Goncalves arrives at Heathrow Airport, London, Monday. SAO PAULO, Brazil (AP) - Brazil's president defended his finance minister Monday in an effort to head off a growing corruption scandal in South America's largest economy.
• 'TUI May Fall on Plan to Sell Stock to Finance CP Ships Purchase (Bloomberg.com)
U.K. Aug. 22 (Bloomberg) -- Shares of TUI AG, Europe's biggest tour operator, may fall after the company said it will sell 1 billion euros ($1.2 billion) of stock to finance an acquisition of the U.K.'s CP Ships Ltd.
• 'Finance minister's denial boosts Brazil markets (Financial Times)
Brazil's financial markets rallied yesterday after Antonio Palocci, the finance minister, denied accusations of bribery and insisted he would maintain the nation's orthodox economic policy.
• 'Brazil's Silva Defends Finance Minister (AP via Yahoo! News)
Brazil's president defended his finance minister Monday, mounting a damage control effort to head off a growing corruption scandal in South America's largest economy.
• 'School finance failure leaves incumbents politically vulnerable (News 8 Austin)
With three school finance session failures under their collective belts, it's likely school finance will be part of nearly every stump speech on the campaign trail.
• 'Brazilian leader defends his finance minister against kickback allegations (Canada.com)
SAO PAULO, Brazil (AP) - Brazil's president defended his Finance minister Monday in an effort to head off a growing corruption scandal in South America's largest economy.