UK based Pension Corporation, the specialist insurer which manages pension schemes’ risks, has raised nearly 300m pounds by disposing some of its pension schemes to reinsurer Munich Re. The Munich Re arrangement has been initiated ...
Tags: pension, insurance, pension scheme, Munich Re
The policy of the Financial Supervisory Commission(FSC)encouraging domestic enterprises to float renminbi-denominated bonds at the offshore banking units(OBU)of domestic banks may come to a halt,due to disagreement of the Ministry of ...
Plexus Cotton Limited reported that New York (NY) futures have trended lower this week, as December fell by 369 points to close at 71.53 cents. With harvest in the Northern Hemisphere gaining momentum, the market finally came under some ...
Tags: cotton futures, cotton, cotton market, cotton industry
Asian Development Bank's (ADB) Trade Finance Program (TFP) provides guarantees and loans to partner banks to support trade in its developing member countries. This year alone, TFP will support more than $4 billion in trade. While TFP ...
Tags: Trade Finance Program, trade transactions, textile sector
Business Line reported that the Public Enterprise Selection Board has recommended Mr Moyukh Bhaduri as the new CMD of Hindustan Steelworks Construction Ltd. Mr Bhaduri, who now holds the position of director finance at HSCL, was selected ...
Tags: Public Enterprise Selection Board, Steelworks Construction, India, steel
The crisis ridden textile industry heaved a sigh of relief consequent to the announcement of textile debt restructuring package of Rs.35,000 crores by the Finance Ministry following the concerted efforts made by The Southern India ...
Tags: textile industry, textile market, textile, subsidy benefits
The Federal Reserve Bank of New York is all set to dispose more than $7bn in face value of “toxic” securities related to the government bailout of American International Group (AIG). The central bank of the US has planned to ...
Tags: NY Fed, face value, government bailout, insurance, AIG
HSBC is planning to exit its insurance joint venture Canara HSBC Oriental Bank of Commerce Life Insurance Company in India, a second foreign company to depart Indian insurance sector. The JV was formed by Canara Bank, Oriental Bank of ...
Tags: HSBC, insurance joint venture, Commerce Life Insurance, Indian insurance
The mystery of steel price plummeting amidst improving economic parameters in China can be imputed to destocking at the traders and stockiest end. Use of steel products particularly HRC as collateral for availing credit by the market ...
Tags: steel, steel products, iron, steel mills
India-based packaging products producer, Dynaflex is planning to provide packaging services to the pharmaceuticals industry. Dynaflex director Gaurav Vora was quoted by Business Standard as saying that the company sees potential in ...
Tags: packaging products, pharmaceuticals industry, packaging services
David Cameron, Barack Obama and Boris Johnson are the new unlikely fashion icons. The trio were named the most iconic white shirt wearers of all time, in a poll by department store Debenhams, just as London Fashion Week kicks off. ...
Tags: white shirt, fashion icons, sexy look
IDG News Service-News of weak server sales,continuing turmoil at Hewlett-Packard and the ongoing U.S.political impasse over the so-called"fiscal cliff"have not given tech industry watchers much to cheer about this week. Major IT companies ...
Tags: tech industry, HP, server sales, Microsoft, IBM, Intel
The Government of India’s decision to restructure loans worth Rs. 350 billion is expected to play a major role in revival of the industry, Mr. V Narayanasamy, Union Minister of State in the Prime Minister’s Office (PMO) said, ...
Tags: textile Sector, textile market, textile industry, restructure loans
The promotion of Ms. Armelle Gruère from Statistician to Senior Market Analyst, and the promotion of Mr. Andrei Guitchounts from Economist to Director of Trade Analysis was approved by the member governments of International Cotton ...
Tags: cotton industry, cotton market, ICAC
SEMI-GAS Systems, a division of Applied Energy Systems Inc of Malvern, PA, USA and a manufacturer of ultra-high-purity gas handling and distribution systems, now offers a multi-cylinder bulk specialty gas system for high-flow gas processes. ...
Tags: SEMI-GAS Gas delivery systems, bulk gas delivery, MegaCyl