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Keefe, Bruyette & Woods, a full-service investment bank that specializes in the financial services sector, and a subsidiary of KBW, announced a quarterly rebalancing across its entire family of U.S. indices which includes: KBW Bank Index, KBW Capital Markets Index, KBW Insurance Index, KBW Regional Banking Index, KBW Mortgage Finance Index, KBW Property and Casualty [...]
Archive for June, 2010
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MALAYSIAN INSURANCE NEWSPAPER HIGHLIGHTS
Posted by gary on June 21st, 2010
BUSINESS TIMES: – Malaysia Airlines (MAS) (3786) may consider applying for an investment tax allowance incentive from the Ministry of Finance (MOF) with the arrival of the first of its aircraft on order. – AmFirst Real Estate Investment Trust (AmFIRST REIT), Malaysia’s second biggest property trust by assets, is out to increase its asset size [...]
Indian handloom industry told to make products for niche markets
Posted by gary on June 21st, 2010
India’s Textiles Ministry has asked the handloom industry to produce niche and designer products to create a market among the youth and high-end consumers. “The way ahead is to pursue brand building… and to make niche handloom products for high-end consumers and the fashion conscious youth,” Textiles Secretary Rita Menon said at a review meeting [...]
INDIAN MOBILE BANKING SHOULD BE DRIVEN BY BANKS, NOT TELCOS: RBI
Posted by gary on June 21st, 2010
Reserve Bank of India (RBI) Governor D Subbarao on Friday said mobile banking should be driven by Banks, not telecom operators, considering money laundering and terror financing threats. “The Reserve Bank has a clear preference for the bank-led model,” RBI Governor D Subbarao said at a Banking Technology Excellence awards function hosted by the Institute [...]
Watch for RenaissanceRe Holdings to Pullback after Gaining 0.43% Yesterday
Posted by gary on June 21st, 2010
RenaissanceRe Holdings (NYSE:RNR) traded in a range yesterday that spanned from a low of $58.38 to a high of $59.00. Yesterday, the shares gained 0.43%, which took the trading range above the 3-day high of $58.57 on volume of 632,000 shares. Shares of RenaissanceRe Holdings are currently trading above their 50-day moving average (MA) of [...]
INDIAN NEWSPAPER HIGHLIGHTS – JUNE 21, 2010
Posted by gary on June 21st, 2010
THE TIMES OF INDIA: – The oil ministry has asked the power ministry to examine reasons that could be forcing generation companies to consume less than their government-decided share of gas from Mukesh Ambani’s Andhra offshore field when demand for electricity is high and there is no shortage in fuel supply. In a memo to [...]
XCHANGING ACQUIRES DATA INTEGRATION LTD.
Posted by gary on June 21st, 2010
XCHANGING ACQUIRES DATA INTEGRATION LTD. Creates a strong network managed services and reseller platform and acquires a strategic customer base LONDON, 21 June 2010 – Xchanging plc (LSE: XCH), one of the largest and fastest growing global business processors, has today agreed to acquire Data Integration Ltd. (DI), one of the UK’s leading networking, security [...]
Best’s Rating Notification – Sublimity Insurance Company
Posted by gary on June 19th, 2010
Best’s Rating Notification – Sublimity Insurance Company Friday 06/18/2010 5:08 PM ET – Ambest A.M. Best Company has made the following rating update: Company: Sublimity Insurance Company AMB Number: 3614 Current Rating: B++ Previous Rating: B++ To obtain more information about this company, please visit: http://www3.ambest.com/frames/fs.asp?site=ratings&RefNum=3614&tab=4 For Definitions of Best’s Ratings and Not Rated Categories [...]
