Archive for August, 2010

Citibank still credit card leader

THE RM50 service tax imposed by the government on credit and charge cards from January this year has caused the card industry to shrink 15 per cent, as measured by the number of credit card accounts. (52 mins ago)

Banks are lending but no one wants debt

Finally, nearly two years after they were bailed about by Congress, big banks are beginning to ease lending standards for individuals and small businesses. But it’s not exactly having the reception many believed it would. (4 mins ago)

Keeping an eye on changing China mart

DURING the recent economic downturn, China along with governments around the world unleashed massive economic stimulus programmes. (55 mins ago)

Roseland-based group gives advice on starting a business

ROSELAND A recession may seem like a bad time to launch a company, but many people are considering this option, according to the Roseland-based New Jersey Society of Certified Public Accountants . (1 hour ago)

Sponsored By:

The Dow Jones industrial average plunged more than 140 points. More Changes in the pattern of people moving to Western North Carolina have some economic development officials considering the long-range effects on the regional economy. (5 mins ago)

CIBC third-quarter profit rises to $640 million

Canadian Imperial Bank of Commerce reported a 47 per cent jump in profits to $640 million in the third quarter as retail operations surged and credit losses fell, but the bank’s CEO says economic and regulatory uncertainty are reasons for caution. (6 mins ago)

Credit Card Act reform starts up

The final provisions of the Credit Card Act OF 2009 takes effect this Sunday, completing the most comprehensive overhaul of the credit card industry in history. (4 mins ago)

Understanding deflation and your money

Absent in any significant way since the Great Depression, deflation a prolonged period of downward-spiraling prices of goods and services is seen as a possible threat after three straight months of falling prices. (3 mins ago)

Summary Box: China Construction Bank Profit Rises

Summary Box: China Construction Bank 1st-half profit up 27 percent on bigger fee business Business – China Construction Bank – Banking Services – Financial Services – Banks and Institutions (5 mins ago)

Attorney says he was hired by anonymous person to dig up dirt on Snohomish County candidate

Information that was distributed about County Council candidate Stephanie Wright includes a lawsuit over credit card debt and a 10-year-old pot case. (5 mins ago)