Finance Chronicle

Re: “Look who’s bankrolling the Tea Party,” Aug. 31 Frank Rich column. It’s remarkable that the people who clamored for “campaign finance reform”

THE government may narrow its budget deficit next year to the smallest since 2008 as economic growth accelerates, Finance Secretary Cesar Purisima said Wednesday.

LONDON – House prices fell much faster than expected last month but further declines are likely to be modest, mortgage lender Nationwide said on Thursday.

KUALA LUMPUR: Kuwait Finance House Bhd has launched a personal financing product to facilitate Muslim customers make pilgrimages to the holy cities of Makkah and Madinah.

The biggest shake-up of the finance sector in 35 years is under way in a bid to restore shattered confidence, but it will be too late for most of those who invested more than $8 billion in finance companies that then failed.

Goldman Sachs’s Lloyd C. Blankfein takes the biggest tumble in the magazine’s “New Establishent” rankings as finance remains an unpopular sector among the populace.

A quarter of senior finance professionals have not heard of the CRC Energy Efficiency Scheme , formerly known as the Carbon Reduction Commitment. The survey, carried out by document management software company Version One , questioned 139 finance directors and finance managers in the UK’s public and private sector.

LONDON – Worries over opacity and liquidity could temper small-time savers’ enthusiasm for Exchange Traded Funds, set to be boosted by a UK regulatory revamp of fees on products sold to private investors.

MADRID – A long-awaited entry into online sales by Spanish retail giant Inditex’s fashion label Zara could lift next year’s profits by as much as 10 percent and further justify the premium its shares enjoy over rivals’.