Finance Chronicle

VANCOUVER, B.C. – Provincial finance ministers met Friday to discuss a looming Canadian pension crisis, an issue that B.C

NEW YORK, July 31 – Lender CIT Group , which recently obtained a $3bn loan from its bondholders, said on Friday it will give $1bn of that money to its trade finance unit.

NEW YORK, July 31 – Lender CIT Group, which recently obtained a $3 billion loan from its bondholders, said on Friday it will give $1 billion of that money to its trade finance unit. The provision demonstrates CIT’s “commitment to support CIT Trade Finance and our clients,” according to a July 31 memo sent to clients and industry associates. The funds will help the unit meet its …

According to industry observers, around Rs 1,000 crore is expected to be invested by venture capitalists/PE funds in the Indian micro finance space this year.

Fat Tax to Finance Health Care Reform?

MEXICO CITY, July 31 – Mexican stocks closed at an 11-1/2-month high on Friday after U.S. economic growth data and a manufacturing survey bolstered bets the recession is easing in the United States, Mexico’s top trading partner.

NEW YORK, July 31 – Moody’s Investors Service on Friday cut its ratings on International Lease Finance Corp to the lowest investment grade and said it may cut them again into junk territory, citing concerns over the company’s ability to continue to fund itself at an economic rate.

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THE Ministry of Finance and Minister Saara Kuugongelwa-Amadhila should be investigated over the disappearance of State funds through various dodgy deals, said Rally for Democracy and Progress Central Committee member Festus Naholo, at a rally in the North.

Finance Minister Bill English yesterday warned finance companies to “sort themselves out” as he considers what to do with the retail deposit guarantee scheme.