(AFX UK Focus) 2008-10-12 16:47 Norway's money market doesn't work -c.bank chief (Interactive Investor)
OSLO, Oct 12 (Reuters) - The Norwegian money market is not functioning properly, and the central bank has acted as a clearing house to provide commercial lenders with needed funding, central bank Governor Svein Gjedrem said on Sunday. "The Norwegian money market isn't working," Gjedrem told a news conference announcing a government bond plan to provide banks with $58 billion in additional ...
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China's CIC May Have $5.4 Billion Frozen in Money-Market Fund (Bloomberg)
Oct. 13 (Bloomberg) -- China Investment Corp. , the sovereign wealth fund that bought stakes in Morgan Stanley and Blackstone Group LP before their stocks plunged, may have as much as $5.4 billion frozen in a U.S. money-market account.
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Japan's central bank pumps emergency funds into money market for 18th day (People's Daily)
The Bank of Japan (BOJ) poured 3.5 trillion yen into the Tokyo money market Friday in a bid to regulate the market in short-term finance between banks and other financial institutions. Following the injection of 2 trillion yen in the morning, the central bank added 1.5 trillion yen later in the day. The input of liquidity came for the 18th consecutive working day of emergency operation in ...
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India's Axis Bank, HDFC Bank to Announce Earnings: Week Ahead (Bloomberg)
Oct. 13 (Bloomberg) -- HDFC Bank Ltd. and Axis Bank Ltd. , India's second- and fourth-biggest lenders by market value, will announce earnings this week after their shares fell amid concern that local banks will lose money due to the global credit crisis.
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Saxo Bank Trading Tips at The Middle East Money Summit (Press Release Network)
As the Middle East fast becomes a financial hub to rival New York and London, so too do the demands of increasingly wealthy private investors. In a bid to help educate and meet the thirst for knowledge in what are complex times for traders, Saxo Bank, the online investment bank, announces its presence at the debut of the Dubai Middle East Money Summit 2008. [Wired by: PressReleaseNetwork.com]
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Pakistani c.bank to buy T-bills in 5-day reverse-repo (Reuters via Yahoo! Malaysia News)
KARACHI, Oct 13 (Reuters) - Pakistan's central bank said on Monday it will buy Treasury bills under five-day reverse-repo contracts to inject liquidity in the money market.
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Pakistani c.bank buys 35.37 bln rupees of T-bills (Reuters via Yahoo! Singapore News)
KARACHI, Oct 13 (Reuters) - Pakistan's central bank bought back 35.37 billion rupees ($446 million) of Treasury bills on Monday under five-day reverse-repo contracts at 12 percent to inject liquidity into the money market.
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Japan's central bank injects 4 trln yen into money market (People's Daily)
The Bank of Japan (BOJ) pumped a record 4 trillion yen into the Tokyo money market Thursday, the biggest single day injection since the central bank started emergency operation. It's the 17th consecutive day of money injection to facilitate interbank borrowing. The BOJ's move came amid growing concerns about a global financial crisis despite the coordinated interest rate cuts by six central ...
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Bank of Japan injects 4 trn yen into money market (Business Standard India)
The Bank of Japan (BOJ) pumped a record 4 trillion yen into the Tokyo money market today for the 17th consecutive day of emergency operations to facilitate interbank borrowing.
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Australian Central Bank Adds A$2.85 Billion to Money System (Bloomberg)
Oct. 13 (Bloomberg) -- Australia's central bank added A$2.85 billion ($1.9 billion) to the financial system, seeking to ease funding costs as banks hoard cash because of the global credit squeeze.
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