Finance News Archive

23-Oct-2005

• '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.
• 'Japan sales tax rise unavoidable: finance minister (AFP via Yahoo! News)
Japan's Finance minister, seen as a possible candidate to succeed Prime Minister Junichiro Koizumi next year, has warned that a sales tax rise was "unavoidable" as the country seeks to claw back its heavy debt.
• 'Rupee Still Strong, Fiis Here To Stay: Indian Finance Minister (Asia Pulse via Yahoo! Australia & NZ News)
NEW DELHI, Oct 24 Asia Pulse- Brushing aside the recent volatility in the stock and forex markets, Finance Minister P Chidambaram on Friday said the Rupee was still strong despite recent fall against dollar and maintained that the economy would continue to attract strong FII inflow. "The rupee is strong despite some nominal depreciation," he said, adding that as of October 18, rupee had
• 'Rupee Still Strong, Fiis Here to Stay: Indian Finance Minister (Asia Pulse via Yahoo! Asia News)
NEW DELHI, Oct 24 Asia Pulse- Brushing aside the recent volatility in the stock and forex markets, Finance Minister P Chidambaram on Friday said the Rupee was still strong despite recent fall against dollar and maintained that the economy would continue to attract strong FII inflow.
• 'Banking & Finance (Business Standard India)
Banks continued to finance strong commercial credit demand by reducing credit to government during the first half of 2005-06. Deposit growth in the banking sector proved a laggard.
• 'Japan's Finance Minister Says Higher Sales Tax Is `Unavoidable' (Bloomberg.com)
Oct. 23 (Bloomberg) -- An increase in Japan's 5 percent sales tax will be ``unavoidable'' for whoever succeeds Junichiro Koizumi as the country's next prime minister, Finance Minister Sadakazu Tanigaki said.
• 'GE COMMERCIAL FINANCE REAL ESTATE NAMES PRESIDENT OF ASIA-PACIFIC (Asia Pulse via Yahoo! Australia & NZ Finance)
Banking / finance a diversified technology, media and financial services company focused on solving some of the world's toughest problems.
• 'US Senate Finance Committee Republicans Agree To $10B in Cuts to Medicaid, Medicare (Medical News Today)
Senate Finance Committee Republicans on Thursday reached an agreement on a fiscal year 2006 budget reconciliation plan that would save a net $10 billion in Medicaid and Medicare costs over five years, CQ HealthBeat reports ( CQ HealthBeat , 10/20). The committee must vote on the plan on Monday.
• 'GM has `short list' of buyers for auto-finance unit (The Charlotte Observer)
General Motors Corp., trying to regain an investment-grade rating for its auto-loan debt, has a "short list" of possible buyers for a controlling stake in its auto-Finance unit, Chief Executive Rick Wagoner said Friday. GM is in discussions with several companies about forming a "strategic partnership" by buying a stake in the General Motors Acceptance Corp. unit, Wagoner said. He wouldn't