A fag-end buying support helped the Bombay Stock Exchange benchmark Sensex recover most of its hefty losses but still closed down by over 60 points amid heightened concerns over economic growth which shrunk to 5.3 per cent in October-December of this fiscal. The Sensex, which at one point had tumbled by 227 points during the day, bounced back and ... [full story]
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Thousands of savers who are pursuing their banks over unfair overdraft charges have been told they will have wait at least six months more to learn if they will receive compensation. The Financial Services Authority (FSA) announced today that it is extending the waiver that allows banks not to pay out on claims. The waiver was introduced in ... [full story]
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Thousands of savers who are pursuing their banks over unfair overdraft charges have been told they will have wait at least six months more to learn if they will receive compensation. The Financial Services Authority (FSA) announced today that it is extending the waiver that allows banks not to pay out on claims. The waiver was introduced in ... [full story]
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The global economic downturn has affected the development of oil sands in Canada, according to a Canadian minister who said the country was looking for Indian investment in the energy sector. Canada has one of the highest reserves of crude in the world and most of the oil sands, which are in the western Canadian province of Alberta, have ... [full story]
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Another 1% cut in the base rate is needed to keep up the pressure on lenders to pass on reductions to hard-pressed borrowers, online mortgage company www.mform.co.uk believes. The firm says taking the base rate to 1% is vital following yet more evidence that lenders are dragging their feet on cutting rates for existing borrowers and increasing charges for ... [full story]
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The global economic slowdown is beginning to spell a windfall for some BPO firms. Companies such as WNS, EXL, Steria and Quatrro are finding new opportunities as clients aggressively pursue cost-cutting. “With reality dawning that these are going to be tough times, companies have become more aggressive on outsourcing,” said WNS (Holdings) CEO Neeraj Bhargava. The BPO ... [full story]
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The government may introduce provisions in the new direct tax code to prevent misuse of double taxation avoidance agreements India has with other countries. The new code is likely to be unveiled before the year ends. A government official said a discussion paper on the code, a major initiative undertaken under the guidance of the former finance minister and ... [full story]
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An Alaskan-owned financial consulting business has expanded its services and partnered with several outside entities in an effort to increase options for rural and urban business in the state. Financial Inc., started by Jason Evans and Mike Orr, has undergone some changes that will offer Alaskan-based business what its calling improved services. The company is now called Financial ... [full story]
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BNP Paribas SA, Europe's third- biggest bank, may cut bonuses by more than 70 percent at its corporate and investment bank after profit plunged in the first three quarters of the year. Most employees will have their bonuses reduced, more people than in the past will receive no bonus at all, and even the ``best performers may be affected,'' ... [full story]
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Anyone that owns their own home in this day and age has many options available to them in the field of finance and loans. You can get a homeowner loan to help pay off debts, start an education for yourself or a loved one, making plans for home improvement or even getting a new car. Homeowner loans are loans ... [full story]
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