India on Tuesday said it is eyeing a bailout for state electricity distributors saddled with 1.9 trillion rupees ($34.5 billion) in debt and increasingly unable to pay for new supplies as they sell power below cost and lose much to theft.
India on Tuesday said it is eyeing a bailout for state electricity distributors saddled with 1.9 trillion rupees ($34.5 billion) in debt and increasingly unable to pay for new supplies as they sell power below cost and lose much to theft.
Investors see big banks as riskier than before the first flames of the financial crisis flared five years ago and probably always will, according to a new report from Moody’s Analytics, a sister company of the bond-rating agency.
Banks in the UAE will have to hold 10 per cent of their liabilities in liquid assets starting next year in line with a new measure introduced by the country’s Central Bank to ensure lenders keep sufficient liquid assets until Basel III comes into effect in January of 2015.
British bank Barclays plans to pull out of the rate-setting panel for interbank lending in the UAE because of its involvement in the Libor scandal in Britain, industry sources said on Sunday.
FRANKFURT — Banks parked the lowest amount of cash in overnight deposits at the European Central Bank for nearly seven months, ECB data showed on Thursday, a sign that interbank tensions could be easing.
LONDON - Italy’s one-year borrowing costs fell by more than a percentage point from a month ago, to 2.697 percent at auction on Thursday, as large redemptions and lower rates on overnight deposits at the ECB supported demand for short-term paper.
BERLIN/LONDON - Germany’s cost of borrowing over 10 years fell to a record low at an auction on Wednesday as investors, worried about the euro zone rescue fund’s effectiveness as a crisis-fighting tool, sought the safety of Berlin’s debt despite negligible returns.
First Gulf Bank, or FGB, has launched a Shariah-compliant deposit scheme for the UAE nationals.
NEW YORK - US government debt prices dipped on Tuesday as traders reduced their bond holdings in preparation for an upcoming $32 billion auction of three-year notes.
Greek Prime Minister Antonis Samaras asked EU-IMF creditors on Friday to extend a tough debt bailout programme so as ease the pain on an economy struggling in a deep recession.