| QNB names promo draw winners
Business Reporter
QNB has named the latest winners of its Savings Plus account promotion. The scheme was launched in March to encourage existing Savings Plus customers maintain their deposit balances for which they will be rewarded. The promotion runs till December 31.
As part of the promotion, the bank conducts monthly draws for prizes including Sony LCDs, stays at the Sealine Beach Resort, Sony mobile phones and Apple Ipods.
Wael Khalil won a QR50,000 cash prize.
The September winners of various prizes were Kana Venugopal, Safya al-Shawani, Mohamed Suleiman and Saeed al-Nuaimi.
The October winners were Mariam Behzad, Khalifa al-Muhannadi, Achwak al-Emadi and Mohamed Tamizeldin.
A grand prize of QR100,000 awaits QNB�s Savings Plus account holders in January, 2008.
(AFX UK Focus) 2007-11-22 03:14 GMT: Hong Kong shares turn higher on hopes for rate cut, Chinese investment - UPDATE
HONG KONG (Thomson Financial) - Hong Kong shares turned higher in volatile early trading Thursday on bargain hunting amid optimism that the Federal Reserve will cut interest rates in December to keep the US economy from slipping into recession. Investors also bought stocks on reports that mainland China's plan to allow its citizens to trade Hong Kong shares directly, dubbed the "through train", is pushing through. "The market is oversold right now after losses in recent sessions, so there is an incentive for bargain hunting. Hopefully, the 'through train' will come in the nick of time to save the Hong Kong stock market," said Francis Lun, general manager at Fulbright Securities. At 10.31 am (0231 GMT), the Hang Seng Index was up 302.95 points or 1 percent at 26,925.01, after opening 1 percent lower.
The priorities are clear for Northern Rock
1. Depositors. Banks are different from other businesses, where customers shop at their own risk. The people who have placed their savings in Northern Rock need to know that their money is safe, not only to prevent another run on the bank but to ensure confidence in the banking system. It is in the general public’s interest that the depositors sleep easy at night. 2. Financial stability. The Government’s job is to address systemic risk. The chaotic collapse of a bank could easily prompt a run on others, paralysing the financial system and damaging the economy. Jobs and prosperity well beyond Tyneside are at stake. 3. Taxpayer funds. British citizens did not sign up to Northern Rock’s foolish business model, nor should they underwrite it. While Treasury money is not sacrosanct – i.e.
(AFX UK Focus) 2007-11-06 09:30 GMT: TFN NEWS BRIEFING: Banking and insurance highlights to 09:15 GMT
2007-11-06 09:12:59 China's Fortune SGAM denies report of changed QDII quota for HK market - source BEIJING (XFN-ASIA) - Fortune SGAM Fund Management Co Ltd, a Societe Generale fund joint venture, has not been asked to adjust its Qualified Domestic Institutional Investor (QDII) quota for investment in the Hong Kong stock market, a company spokesman told XFN-Asia. 2007-11-06 08:59:19 Indonesian banks outstanding loans up 21.5 pct in 9 months to September JAKARTA (Thomson Financial) - The Indonesian banking industry's outstanding loans rose 21.5 percent to 957 trillion rupiah in the first nine months of the year compared to the same period last year, Bank Indonesia deputy governor Made Sukada said. 2007-11-06 08:58:49 BROKER CALL Hong Kong stock market may see more profit-taking - ICEA Securities HONG KONG (XFN-ASIA) - The Hong Kong stock market may fall further in the next few days on more profit-taking after suffering its biggest one-day points loss on the key index yesterday, ICEA Securities Asia said.
Market dragged lower by banks
THE Australia stock market closed in negative territory today, following sharp falls in the banking sector. At the 1615 AEDT close, the benchmark S&P/ASX200 index was down 41.1 points at 6384.3, while the all ordinaries shed 40 points to 6450.2. Video: Closing market report On the Sydney Futures Exchange, the December share price index contract was 47 points lower at 6412, on a volume of 30,499 contracts. Macquarie Equities client advisor David Halliday said losses by the big banks had offset positive gains in the resources sector, driving the market lower. "They are the big decliners on the day and mostly responsible for the falls we're seeing at the moment," Mr Halliday said. "The resources sector is such a big driver of the market and BHP Billiton is up almost two per cent, that is 10 points to the positive.
Storm Clouds on the Job Hunt Horizon
The classrooms at Carnegie Mellon's Tepper School of Business New York branch were bustling last week, filled with nearly a dozen recruiters pursuing their annual hunt for second-year MBA students. Students dressed in suits nervously filed in and out of the rooms, clutching their resumes and interview schedules as they met with representatives from Bear Stearns (NYSE:BSC - News), Bank of America (NYSE:BAC - News), and Citigroup (NYSE:C - News), among others. .
Barclays said planning 10 percent staff increase
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