Technology

Bahrain finance minister: Islamic rules saved us from recession

Bahrain’s finance minister said adherence to strict Islamic rules helped his country escape the worst of the global recession.


Ex-House Speaker Murphy joins finance committee

Rhode Island Rep. William Murphy, who recently gave up his position as House Speaker, has been appointed to the House Finance Committee.


GMAC finance chief leaving for private equity job

Automotive finance company GMAC Financial Services will lose its chief financial officer to a private equity firm by the end of March, the company said Tuesday.


Greece says finance problems a broader issue

Greek Finance Minister George Papaconstantinou proposed on Tuesday a ban of derivative trading techniques which increase the debt costs of countries which struggle to cut their deficits, such as Greece.


GMAC Finance Chief to Leave for Providence

GMAC , the onetime General Motors finance arm that was bailed out by the federal government, said on Tuesday that its chief financial officer, Robert S. Hull, will leave to pursue “another career opportunity.”


BRIEF-Moody’s downgrades Arch Finance repack loan to Baa1

Mar 9 – Arch Finance repack loan.


Final Glance: Finance companies

NEW YORK — Shares of some top finance companies were mixed at the close of trading: Bank of America rose $.04 or .2 percent, to $16.74. Citigroup rose $.06 or 1.7 percent, to $3.56


Devon names new CFO, new SVP of corporate finance

Oil and gas company Devon Energy Corp. on Monday named a new chief financial officer and a new senior vice president of corporate finance.


Greek finance minister to meet IMF – IMF official

Greece’s Finance Minister George Papaconstantinou will hold informal meetings with the International Monetary Fund in Washington, an IMF official said on Monday.


ASIAN FINANCE BANK RAISES BLR TO 5.75 PCT

KUALA LUMPUR, March 8 — Asian Finance Bank Bhd will raise its base financing rate to 5.75 per cent, from the current 5.5 per cent, effective March 9.