DHAKA, Bangladesh: Muhammad Yunus, the man who pioneered microcredit worldwide by making tiny loans to poor Bangladeshi villagers, says the industry has lost its way, corrupted by racketeers seeking to make money out of the world’s poorest people. View full post on All Stories
Qatar is planning to invest $4.14 billion in Spanish savings banks as the industry gears up to raise funds to meet new capital rules. View full post on Banking Stories
The demand for corporate Tweeters has exploded, even as overall unemployment heads in the opposite direction. But in a fledgling field surrounded by hype, some industry insiders are saying it may be too good to last. View full post on All Stories
The Media Line Staff Cairo, Egypt David E. Miller – Egypt’s film industry, which once had a stranglehold on the Arab world’s silver screens, is suffering a bloody nose as viewers shun cinemas and watch their films on pirated DVDs or downloaded from the Internet. Once a booming source of income and a symbol of [...]
NEW YORK–(BUSINESS WIRE)–The Federal Reserve won’t join a banking industry trade group in asking the U.S. Supreme Court to let the government continue to withhold details of emergency loans made to financial firms in 2008. The Clearing House Association LLC, a group of the biggest commercial banks filed the appeal today. The Federal Reserve won’t [...]
A U.S.-wide foreclosure moratorium could penalize pension funds, insurance companies and other investors and make new loans more expensive, an investor group and industry experts warned on Monday. View full post on All Stories
AHN News Staff London, England, United Kingdom (AHN) – Britain’s Office of Fair Trading warned on Tuesday half of the debt management companies in the country that they could be closed for failure to follow the Debt Management Guidance. The warning was the result of an OFT study of debt management practices in the industry, [...]
The Media Line Staff Riyadh, Saudi Arabia (TML) – Possessing a fifth of the world’s proven oil reserves, Saudi Arabia has long been synonymous with the petroleum industry, but this is not stopping the kingdom from striving to diversify its energy sources. Renewable sources could account for up to 10 percent of Saudi Arabia’s power [...]
AHN News Staff London, England, United Kingdom (AHN) – British business leaders are complaining about the government’s immigration cap for workers because it limits their ability to hire people who have skills they cannot find locally. Because of the restrictions, work visas issued for high-skilled non-European Union migrants from June 2010 to April 2011 will [...]
Having a bad credit record is very inconvenient. With an unacceptable credit score we cannot get any credit to buy the items we need. These items could be household items, vacations, cars and more. If you have a bad credit history you can be certain the banks will not want to part with their money because you are regarded as high risk.
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