Benoit Coeure, ECB Executive Board member, said the bank has Euro 50 billion on loans to small and mid-sized businesses.
Investors
Islamic finance lobbies outside Gulf
General Council for Islamic Banks and Financial Institutions intends to expand to adjacent countries.
Kim: World Bank aims 3% reduction in poverty
World Bank President Jim Yong Kim addressed the aims of the global lender to reduce poverty. (Photo : Reuters)President Jim Yong Kim of World Bank, gives a lecture on global creditor's goals.
ThyssenKrupp Seeks to Sell Off European Steel Business
ThyssenKrupp would sell off its European steel business, according to its CEO. (Photo : Reuters)The image is the signage in front of the ThyssenKrupp corporate headquarters.
IPO for Associated Materials Underway
The IPO of Associated Materials is well on its way as it chose the banks to manage the sale. (Photo : Reuters)The image is a home building store. The plan to introduce shares of Associated Materials to an IPO is well underway as buyout firm Hellman & Friedman LLC has picked the banks to manage the home building materials manufacturer's share sale.
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Citigroup sold its Uruguay operations to Itau Unibanco. (Photo : REUTERS)Citigroup Inc, which has lagged behind its peers in recovering from the financial crisis, said it is cutting 11,000 jobs worldwide, about 4 percent of its staff, to save as much as $1.
Tiger Airways will pioneer a new route in the Philippine budget airline market. (Photo : Reuters)The office of a Tiger Airways ticketing office. Due to the recent spotlight on the Philippines' tremendous economic growth, Asia's low cost airline carrier Tiger Airways takes the opportunity to invest into what it considers to be a 'niche market.
Canadian investors fear the lack of transparency and inappropriate conduct from Pakistani government.
The ECB announced that Cyprus government bonds are ineligible as collateral due to lowered credit rating.
Japan's Government Pension Investment Fund will use its US$1.1 trillion budget to buy properties in major cities
Closed end funds are increasing in number and value, with 24 funds launched having US$10.5 billion in portfolio value.
Many investors are divesting their bond holdings because of current economic conditions. (Photo : Reuters)The image are two bond traders on the floor of a stock exchange.
Banco de Madrid gained Bankia's stake at Inversis. (Photo : REUTERS)Spain's Santander plans to invest in the country's so-called bad bank in a sign that healthy domestic lenders are willing to support the entity created to clean up the aftermath of a 2008 property crash.
Chinese fund managers suggested a lower exposure to stocks due to a probable cash squeeze. (Photo : Reuters)The image is a bank teller counting yuan. Fund managers from China lowered their preferred exposure to bonds and stocks this June as concerns regarding the effects of a cash squeeze in the money market were raised.
