Archive for February, 2008

The Federal Banking Co-op Launches TheCertificateofDepositStore.com

In response to the Federal Reserves decision to reduce interest rates again in less then 30 days, the Federal Banking Co-op has taken this as a sign that the Federal Government, the Bush Administration and the Treasury department are looking for a quick fix to the economic crisis that the banks are facing in the U.S. without any comprehensive long term plan.

Continue Reading Add comment February 26th, 2008

Lloyd’s spells out need to understand ‘unique and complex’ terrorism threat

Businesses that operate in Southeast Asia need to better understand that the Asian terrorism threat is unique, complex and specific to the region, according to Lloyd’s, the world’s leading specialist insurance market.

Continue Reading Add comment February 26th, 2008

Credit crunch fails tracker rates

Tracker borrowers are not getting the benefit of interest rate reductions as the lenders are re-pricing their mortgages. A recent research from an online mortgage company reveals that rates on some tracker mortgages have increased by almost quarter of a percentage point despite the despite the base rate being reduced by double that amount.

Continue Reading Add comment February 26th, 2008

The FSA set out further progress on allowing UK retail consumers to invest in funds of hedge funds

A Consultation Paper confirms the policy of introducing retail-oriented Funds of Alternative Investment Funds (FAIFs) into the FSA’s regulatory regime.

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Royal & SunAlliance acquire Fyfe Group

Royal & Sun Alliance Insurance Group plc (R&SA) announces the acquisition of Fyfe Group, a UK retail and wholesale intermediary specialising in motor trade products for small businesses.

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Report Buyer Releases New Analysis – Bankable Households in India will Show CAGR of 28% from 2007-2011

Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report which finds that bankable households in India are estimated to move up at a CAGR of 28.10% during 2007-2011.

Continue Reading Add comment February 26th, 2008

Zurich posts record results in 2007, proposes a substantial increase in its dividend and announces share buyback

Zurich Financial Services Group (Zurich) reported on the 14th of February that excellent operating performances from all business segments resulted in both record business operating profit and net income in 2007.

Continue Reading Add comment February 26th, 2008

Ahli Bank Launches New Asset Products in Oman

Ahli Bank has now launched three convenient loans facilities– MyLoan a consumer loan for Omani and expatriates and MyHome the new home loan from the experts in housing finance.

Continue Reading Add comment February 26th, 2008

Projects in China and the Solomon Island win the 2008 International ReSource Award for Sustainable Watershed Management

A reservoir watershed project in China and a watershed forest preservation initiative on the Solomon Islands have won Swiss Re’s 2008 International ReSource Award for Sustainable Watershed Management.

Continue Reading Add comment February 26th, 2008

Visa Europe becomes official payment partner of The O2

Visa Europe has signed an exclusive five year agreement with AEG Europe, owners of The O2, to become one of the venue’s founding partners as the ‘Official Payment Partner’.

Continue Reading Add comment February 26th, 2008

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