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January 20, 2008 |
Dow Jones Islamic Markets Malaysia launched
Miscellaneous
Dow Jones Indexes, a leading global index provider, has launched the Dow Jones Islamic Market Malaysia Titans 25 Index, designed to underlie financial products such as exchange-traded funds, structured products and derivatives. |
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January 14, 2008 |
Subprime Nation
Worldnet Daily
Since it began to give credit ratings to nations in 1917, Moody's has rated the United States triple-A. U.S. Treasury bonds have been seen as the most secure investment on earth. When crises erupt, nervous money seeks out the world's great safe harbor, the United States. That reputation is now in peril. |
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January 11, 2008 |
China's reserves hit $1.53 trillion
CNNMoney
China's foreign exchange reserves hit $1.53 trillion at the end of 2007, up 43 percent from the end of the previous year, the central bank said Friday. |
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December 27, 2007 |
Credit loss could hit $US1trillion
The Australian
THE US economy could be heading into its blackest year since the Great Depression as estimates of losses from the housing slump and sub-prime mortgage implosion reach unprecedented levels. |
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December 23, 2007 |
Crisis may make 1929 look a 'walk in the park'
Telegraph (UK)
Twenty billion dollars here, $20bn there, and a lush half-trillion from the European Central Bank at give-away rates for Christmas. Buckets of liquidity are being splashed over the North Atlantic banking system, so far with meagre or fleeting effects. |
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December 20, 2007 |
Central banks give biggest liquidity boost ever
Telegraph (UK)
The world's central banks have again resorted to shock tactics to unfreeze the credit markets, flushing the global system with $530bn (£263bn) so far this week in the biggest injection of liquidity ever recorded. |
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December 20, 2007 |
Huge ECB cash injection dwarfs BoE auction
Telegraph (UK)
The Bank of England is once again the frugal sister of the credit markets, vastly outdone by the bountiful maiden of Frankfurt.The half trillion dollar (€349bn) blitz by the European Central Bank is 25 times larger than yesterday's auction on Threadneedle Street, where banks took up a modest £10bn of three-month credit at an average rate of 5.95pc. |
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December 15, 2007 |
Kenya: Drive to Meet Global Standards Doubles IT Spending
Miscellaneous
This year has been a record-breaking for IT spending by Kenyan financial institutions.
The banking sector spent almost double what it spent last year on ICT solutions, spurred by changing rules on compliance and regulations, according to industry estimates. |
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December 06, 2007 |
BIS on Islamic banking in global system
Miscellaneous
Although there are differences between Islamic banking and "conventional" banking, there are some fundamental principles that apply equally to both. In particular, rigorous risk management and sound corporate governance help to ensure the safety and soundness of the international banking system. In the light of the growing importance of Islamic banks and Sharia-compliant financial innovation, the increasing integration of Islamic financial services into global financial markets serves to strengthen this point. |
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December 05, 2007 |
Islamic banking: Race is on to provide shariah products
Financial Times
About 350m Muslims live in the rapidly-expanding economies of India, Indonesia and Malaysia, and there are many more in other countries such as Singapore, the Philippines and Thailand. Dealing with their financial needs in a way that complies with their religion is becoming a mainstream business. |
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