Finance News Archive

23-Aug-2005

• 'Finance dept wants probe on drop in cigarette tax take (INQ7money.net)
THE law raising taxes on tobacco and alcoholic products has failed to meet the government's revenue expectations in the first half, prompting the Department of Finance to call for an investigation into the weak collections from tobacco manufacturers.
• '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.
• 'HSBC Brunei Wins Global Finance Award (BruDirect)
Bandar Seri Begawan - HSBC Brunei has been named the Best Consumer Internet Bank in Brunei, a press release stated yesterday. The prestigious Global Finance magazine based in New York recently announced the award winners of the "World's Best Internet Banks" competition in Asia.
• 'Nepali finance minister leaves Kathmandu for visit to China (People's Daily)
A Nepalese delegation, led by Finance Minister Madhukar Shumsher JB Rana has left Kathmandu for Beijing to attend the forthcoming 9th meeting of Nepal-China inter- government economic and technical committee, Radio Nepal reported Tuesday.
• 'Provident's ex-finance chief facing fraud charges (Chicago Sun-Times)
Provident Hospital's former finance chief -- who was also a top member of John Stroger's 8th Ward political organization -- is accused of conspiring to steal millions from Cook County taxpayers.
• 'Spirit Finance upgraded to "buy" (New Ratings)
NEW YORK, August 23 (newratings.com) - Analyst Ross Nussbaum of Banc of America Securities upgrades Spirit Finance (ticker: SFC) from "neutral" to "buy." The target price is set to $12.
• 'Finance minister axed in Romanian reshuffle (EU Politix)
Romania?s prime minister Calin Tariceanu has dismissed the country's finance minister and three other cabinet ministers from his centre-right coalition.
• '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.
• 'Barclays leveraged finance team racks up further deal (Scotsman)
EAT, the London-based sandwich bar chain, is planning to expand throughout the UK following a £39 million deal funded by Penta Capital, the Glasgow-based private equity house, and the Barclays leveraged finance team in Scotland.
• 'Lattice Semiconductor fires CEO and VP of finance (BizJournals)
Lattice Semiconductor Corp. Tuesday announced the firing of Cyrus Tsui, the company's chief executive officer and chairman of the board, and Rodney Sloss, vice president of Finance.