Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
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New Zealand government offers wholesale guarantees
AP - Saturday, November 1
WELLINGTON, New Zealand - New Zealand's government offered wholesale funding guarantees Saturday to leading banks and financial institutions, seeking to boost their ability to attract investment in tight international credit markets.
The move, announced jointly by the treasury and central bank, matched guarantees offered by other leading industrialized nations attempting to woo skittish international investors. The government had previously moved to guarantee retail deposits.
The guarantee facility will be offered on an opt-in basis to financial institutions with an investment-grade credit rating and with substantial New Zealand borrowing and lending operations.
A guarantee fee will be charged, determined by the credit rating of the issuer and the term of the security being guaranteed.
"The fee schedule is designed to ensure that the facility is used while it is needed, but to encourage issuers to graduate from using the guarantee as market conditions permit," the reserve bank and treasury said in their joint statement.
"The guarantee fee will be reviewed regularly and may be adjusted in future for new issues."
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