Archive for July 18th, 2007
The financial services industry has made significant progress in dealing with foreign exchange settlement risk. However, more can and should be done to tackle remaining exposures and to guard against the risk of reversing the progress that has already been achieved
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For consumers who inadvertently overdraw their deposit accounts, overdraft protection is a valued service and penalty fees are avoidable, the American Bankers Association (ABA) informed Congress.
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The twenty-eighth meeting of the Conference of Heads of Government of Caribbean Community Communiqué (CARICOM), held in Barbados, has mandated Strategic Development Plan (SDP) towards achievement of Single Economy, expected to be operational by 2015.
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Altogether 18,683 foreign-founded ventures were approved and established in China during first of half of the current financial year, demonstrating a 12.17 % increase but in actual utilization 5.4 % down year-on-year basis.
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Barbados’s real GDP is expected to grow at between 4 and 4.5 per cent in 2007 as compared to 3.6 per cent the country achieved in 2006 - led for yet another year by the service industry.
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The Central Bank of Bahrain (CBB) is weighing a number of applications from international insurance groups for Takaful and Re Takaful (Islamic insurance and reinsurance) business in the country, according to Ahmed Al Bassam, the Director Licensing and Policy at CBB.
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Bermuda is seeking fresh investment in telecommunication sector, and has recently launched international tender for licence class Public
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Germany has agreed to provide China with technical aid worth 17.5 million euro, to be applied to the bilateral cooperation in finance, energy and economic structural reform.
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The Eastern Caribbean Central Bank (ECCB) has joined the British Virgin Islands (BVI) International Club to follow an investor education programme -“A Path Towards Wealth Creation”
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Aruba has continued with its $ 350 million in investments in the tourism sector which include the completion of remarkable hotel and resort renovations, the opening of the first-ever Fixed Based Operation (FBO) terminal for private jets.
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