Guido Mantega to Stay at the Post of Minister Finance Guido Mantega who is known as Brazilian Finance Minister has decided to accept a proposal to stay in his post at the ministry. Moreover, it is reported that Mantega has started to talk in order to...

ICICI Bank Is Set to Raise $150 Millions through Bonds It is planned by ICICI Bank to raise $150 millions. Such a plan can be fulfilled by selling lower tier-II dollar bonds. The largest private sector lender in India wants to pay a yield on the 10-year...

Australian Bank to Lift Interest Rates It looks like Australian banks have faced problems with deposit rates. A survey was conducted that revealed out of 20 banks only 7 of them increased the rate on their savings account. It turned out that National...

Indian Minister of Finance Needs Extra Money for Additional Spending Pranab Mukherjee who is considered to be the Minister of Finance in India wants to spend additional money on oil as well as fertilizer. In order to use extra money he needs to get the...

An undisclosed price is paid by the bank of Tokyo-Mitsubishi UFJ (BTMU) for a ?3.8bn portfolio of loans. According to BTMU, with the help of this acquisition, the business of bank will be significantly strengthened in the regions. As a matter of fact,...

On Tuesday, finance ministers of Eurozone are going to held a meeting in order find solutions to Portugal’s and Ireland’s debt crises. The government of Ireland is asking for a bailout. Many regard this situation as inevitable. On Monday,...