3-mth euro Libor biggest fall in 6-mnths after ECB tender

The interbank cost of borrowingthree-month euros fell by the most since Jan. 26 to mark a fresh record low on Thursday, according to the latest daily fixing from the British Bankers' Association, a day after the European Central Bank's huge liquidity boost.


Read More.........

Swiss franc shaky, dollar steadies after Fed

The euro and the dollar rose against the Swiss franc on Thursday as traders remained jittery about possible intervention by the Swiss National Bank to weaken its domestic currency.


Read More.........

UBS, Reliance Capital, SocGen, Novo Growth Equity

The following financial services industry appointments were announced on Thursday. To inform us of other job changes


Read More.........

AEP sees Texas Pirkey coal unit back soon

American Electric Power Co Inc (AEP.N) planned to restart the 675-megawatt Pirkey coal-fired power station in Texas on June 25-28 after repairing a transformer, the company told Texas regulators in a report.


Read More.........

Land rights tricky issue as Albania poll nears

The fact thousands like him have no clarity about who owns what land is a legacy of the longest-lasting Stalinist regime in Europe. It's also a major campaign topic as Albania, an emerging democracy that aspires to join the European Union, heads to the polls at the end of this month.


Read More.........

C$ falls as global equities weaken

The Canadian dollar dropped versus the U.S. dollar on Thursday morning, pressured in part by weakness in global equities and lingering caution from the U.S. Federal Reserve announcement in the previous session.

Read More.........

China's NDRC against Tengzhong bid for Hummer-radio

The planner, the National Development and Reform Commission (NDRC), is worried that Sichuan Tengzhong Heavy Industrial Machinery, which makes special-use vehicles and highway components, does not have the experience and resources to run the Hummer business, the report said.

Read More.........

CANADA FINANCE-For Manulife, the acquisitive spirit is willing

In Vietnam's Ho Chi Minh City there is a tower emblazoned with the green logo of Manulife Financial, Canada's top life insurer.
Read More.........

UPDATE 2-AIG to spin off two units, cut government debt

NEW YORK, June 25 (Reuters) - American International Group Inc (AIG.N), which received $180 billion of taxpayer bailouts, said it will give the government stakes in two big life insurance units that it plans to spin off.
Read More.........

Erste wants to delay BCR listing to 2010-11 -AVAS

Austrian Erste Bank (ERST.VI) ERST.BX wants to postpone listing its Romanian unit BCR, the Black Sea country's biggest bank, to 2010-2011, Romania's privatisation agency AVAS said on Thursday.

Read More.........