Seek news on
InfoAnda
powered by
Google
Custom Search

Last text search :
2016 wso 2.5 rw-r
2017 #1 smp wso rw-r

wso-drwxr-xr-x-smp.php-(writeable).php
2017 #1 smp wso rw-r
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php
wso-drwxr-xr-x-smp.php-(writeable).php


Thursday, 24 February 2011 - Commerzbank to start repaying state aid
  • 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
  • Taiwan denies boycotting Australian film festival
    Thursday, August 6, 2009

    AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
  • Merkel's support dips, regional ally resigns International
    Thursday, September 3, 2009

    By Sarah Marsh and Noah Barkin

    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
  • Asian markets mixed after Wall Street rally
    Wednesday, March 18, 2009

    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
  • 9/11 family members divided over mosque near WTC | 20 August 2010
  • Intel seen winning EU approval for McAfee deal: sources | | 21 January 2011
  • Mexico to pioneer iris technology on ID cards | 22 January 2011
  • World Bank: China focus on itself can aid world | 15 December 2008


    Forum Views () Forum Replies ()

    Read more with google mobile : Commerzbank to start repaying state aid

    Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap Commerzbank to start repaying state aid AFP - Thursday, February 24 Send IM Story Print Commerzbank to start repaying state aid FRANKFURT (AFP) - – Germany's second biggest bank, Commerzbank, said Wednesday it rebounded strongly in 2010 from heavy losses caused by the global financial crisis and pledged to start paying back state aid. The bank suffered badly in the crisis and was kept afloat with government aid of 16.2 billion euros ($22.2 billion) in 2009. "We want to reimbourse a significant part (or) ... at least 10 percent" of those funds this year, chairman Martin Blessing told a press conference. "We remain open to all possibilities," he added. That suggested Commerzbank might begin to pay back the funds without first undertaking a capital increase many thought would be needed. Berlin has raised the pressure on the bank to begin repayment of the aid which saw the government take a holding of 25 percent plus one share in Commerzbank. The bank reported a 2010 net profit of 1.43 billion euros, after a 2009 loss of 4.5 billion euros but according to German accounting standards, which are stricter than international ones, Commerzbank had a net loss of 1.2 billion euros last year. That stemmed from heavy charges on operations at its real-estate and public-sector finance unit Eurohypo, which must be restructured and sold by the end of 2014 in exchange for European Commission approval of the state aid. Because of its German accounting loss, Commerzbank will not pay any tax, an outcome which Blessing said might shock some people given that under international standards, the bank had swung back into profit. He stressed however: "We did not 'rip off' taxpayers ... We plan to make a profit this year according to the German standards and pay interest on the state aid." Meanwhile, the bank's 50,000 staff will receive a bonus of more than 440 million euros. Blessing declined to say how much of that would be paid to workers at its investment bank unit. He said that according to a new pay scheme set up last year, "a large part of the variable (bonus) pay will be blocked for three years," including 50 percent of that paid to investment bank staff. That was meant to make the bonus' coincide with "sustainable success" at the bank, while sending a message of "justice, trust and respect" to staff who had worked hard to get Commerzbank back into the black. For this year, it forecast an operating profit significantly higher than the 2010 figure of 1.4 billion euros but it was unlikely the bank would pay a dividend, Blessing said. After starting the day with sharp gains, Commerzbank shares fell back in afternoon trading to show a loss of 0.61 percent to 6.18 euros while the broader market was off 0.73 percent. To reach its target for an operating profit of more than four billion euros in 2012, the bank is counting on improvements in its retail activities and sustained results in the division that lends to small- and medium-sized enterprises. Commerzbank is also working to squeeze savings out of its takeover of Dresdner Bank at the height of the financial crisis. Recommend Send IM Story Print News Search Top Stories Libya live report US existing-home sales rise above year-ago pace World's coral reefs could be gone by 2050: study Kadhafi loses swathes of east to insurrection Commerzbank to start repaying state aid More Top Stories » ADVERTISEMENT Most Popular Most Viewed Oral sex linked to cancer risk Moody's lowers Japan rating outlook to 'negative' World markets tumble, oil spikes on Libya unrest Libya shockwaves hit Italian businesses Machu Picchu victim of own success: UN More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

    Other News on Thursday, 24 February 2011
    U.S. sanctions Iran officials for protest crackdown
    Commerzbank to start repaying state aid
    Citigroup, BofA, 4 others cut HP price target
    US existing-home sales rise above year-ago pace
    Saudi king back home, orders $37 bln in handouts
    World's coral reefs could be gone by 2050: study
    DirecTV profit beats Street; shares rise
    Israel to Europe: Iran ships augur nuclear spread
    Kadhafi loses swathes of east to insurrection
    Cables show Libya pressed oil firms to reimburse terror costs |
    Libya live report
    Two CIA contractors spirited out of Pakistan |
    Israel to let 300 Palestinians in Libya into West Bank |
    Libyan leader should not use violence, Malaysian PM says
    Fresh gun battles erupt in Ivory Coast's main city |
    Philippine remains 'sold as Japan war dead'
    Troubled Pakistan win World Cup opener
    Long-range rocket from Gaza hits Israeli city: police |
    Pakistan arrest shines spotlight on U.S. contractors
    Pressure on Japan PM grows as MP leaves govt post
    Umar Akmal helps Pakistan post 317-7 against Kenya
    Oscar is golden, but film business shows some tarnish
    Judge tells Lindsay Lohan guilty plea means jail
    Apple shareholders nix succession but OK board rule |
    US-ENTERTAINMENT Summary
    Signs of life in quake damaged building-NZ rescue official
    South Korea suspends Deutsche Bank brokerage unit
    Apple to host March 2 event, iPad 2 in the wings |
    S.Korea suspends Deutsche Bank brokerage unit
    S. Korea suspends some Deutsche Bank operations
    Deutsche Bank says regrets S.Korean sanctions
    Pakistani stocks fall further, close at 2-½ month low
    Mass rally against inflation in Delhi
    Deutsche Bank's Seoul unit suspended: report
    Asia Naphtha-Taiwan Formosa, S Korea Honam buy up to 300,000T
    US-TECH Summary
    DirecTV profit beats Street; shares rise
    Judge tells Lindsay Lohan guilty plea means jail |
    Paltrow to join Coldplay husband in UK charts |
    Oscar is golden, but film business shows some tarnish |
    Justin Bieber leads U.S. pop album chart |
    Threat to girls' education in Afghanistan: report
    BASF says 2020 profit tripled to 4.56 billion
    Clinton condemns Iran crackdown
    Google-backed startup zaps electricity waste
    Iran overcoming nuclear program problems: Barak
    U.S. sanctions Iranian officials for protest crackdown
    Apple to host event, iPad 2 in the wings
    World grapples for response as battles divide Libya |
    'Locked-in' patients happier than thought: study
    Afghanistan seeks US help post-2014
    UK verdict on WikiLeaks's Assange extradition due
    New Zealand puts quake toll at 98, many more missing |
    Oil prices hit multi-year highs amid Libya unrest
    Rocket from Gaza Strip strikes Israeli city
    Apple succession call nixed, board rule OK'd
    Lohan faces jail over gem theft, US judge warns
    Spotify nears Universal label deal, no Warner yet
    Chinese official dismisses Jasmine protest calls |
    Long-range rocket from Gaza hits Israeli city
    US oil hits $100 a barrel amid Libya unrest
    UK verdict on WikiLeaks's Assange extradition due |
    Apple invite hints at March 2 debut of new iPad
    Taiwan mulls total freeze on imports of Philippine workers
    Yemen's Saleh orders protection for protesters |
    3D helps drive global box office to $31.8 billion
    NATO's successful Afghan night raids come with high |
    Washington Post profit hurt by newspaper weakness
    Distressed residents flee New Zealand quake city
    Mexico captures suspects in U.S. agent's killing |
    Museum launches online timeline of 9/11 attacks
    Chinese official dismisses "Jasmine" protest calls
    U.N. council to look into tougher North Korea sanctions |
    Samsung launches ultra-slim notebook, targets Apple
    Mexico captures suspect in US agent's killing
    Fresh gun battles erupt in Ivory Coast's main city |
    Obama breaks silence, condemns Libya crackdown
    Palin to make rare foreign trip to India
    Rocket from Gaza Strip strikes Israeli city |
    Kadhafi ordered Lockerbie bombing: ex-minister tells paper
    Countries rush to evacuate citizens from Libya
    Severe food shortages in N.Korea: aid groups
    All to play for in S.Africa-W.Indies World Cup clash
    Canada's Arcade Fire collect more British honours
    U.N. council to look into tougher North Korea sanctions
    Hawaii legalizes same-sex unions
    Hope evaporates for survivors of N. Zealand quake
    "King's Speech," "Social Network" lead Oscar picks
    New Zealand puts quake toll at 98, many more missing
    Gucci and John Richmond: The modern dandy meets party girl
    US art sleuth claims new Michelangelo find
    Apple succession call nixed |
    Justin Bieber leads U.S. pop album chart
    Oil up, stocks mixed on Middle East concerns
    Paltrow to join Coldplay husband in UK charts
    Samsung launches ultra-slim notebook, targets Apple |
    S. Korea prosecutors probe German bank
    Swiss franc at all-time dollar high on Libya fears
    UK verdict on WikiLeaks's Assange extradition due |
    Judge tells Lindsay Lohan guilty plea means jail
    Seoul shares slip 0.6 pct on techs, refiners
    Taiwan OKs Chinese investment in chips, LCD-sources |
    Indonesia cleric says arms training is God's will
    YouTube banks on Bollywood, cricket for India |
    Taiwan Formosa sells fuel oil cutter at 2-yr high premium
    Yemen LNG says sees full gas production in six months
    Museum launches online timeline of 9/11 attacks |
    NZ quake toll 98, grave concerns for 226
    Google Ventures invests in power-saving technology |
    Pakistan
    3D helps drive global box office to $31.8 billion |
    BRIEF-Moody's says Korean ABS performance remains stable
    Taiwan sell T$25 bln T-bills at 0.71 pct yield
    King's Speech, Social Network lead Oscar picks |
    Judge tells Lindsay Lohan guilty plea means jail |
    Elizabeth Taylor feeling stronger, still in hospital |
    Chris Brown allowed near Rihanna, 2 years after attack |
    Afghan suicide blast kills agent, wounds 26
    Kadhafi digs in triggering expatriate exodus
    Elpida says may raise DRAM prices in March
    UK court agrees Assange extradition to Sweden |
    Afghan suicide blast kills one, wounds 26
    YouTube banks on Bollywood, cricket for India
    Israeli jets hit Gaza after rocket attack
    Iran warships dock in Syria, Israeli fears dismissed
    Taiwan OKs Chinese investment in chips, LCD-sources
    Egypt's Suleiman survived assassination bid
    U.S. says Cuba sets trial date for jailed contractor |
    Nokia engineers hope for best as job cuts loom
    Iran warships 'to dock in Syria': Iran commander
    Google Ventures invests in power-saving technology
    Syria may have built atom site near Damascus
    Samsung launches ultra-slim notebook, targets Apple
    Iraqi shoe-thrower arrested for supporting protesters |
    Vietnam axes Vinashin steel project with Malaysia
    Apple stockholders keep CEO succession plan secret
    Special Report: As China grows, contest intensifies for labor |
    Taiwan protesters throw flowers at China envoy
    French foreign policy fiasco may end in government reshuffle |
    Thai PM refutes 'dual nationality' allegations
    Samsung makes breakthrough in color display technology
    Cambodia criticised over attempts to regulate NGOs
    CIA, Pakistani cooperation scaled back after shooting
    US students trade unruly Cairo for uneasy Jerusalem
    U2 to play Glastonbury festival
    Men's cosmetics take off in China
    Party animals set tone at Milan fashion week
    Apple takes wraps off new MacBook Pro lineup |
    Elizabeth Taylor feeling stronger, still in hospital
    Shanghai passes one-dog law
    Dish Network loses subscribers in fourth quarter |
    Piers Morgan, Larry King spar over CNN veteran's jibe
    UK court agrees Assange extradition to Sweden |
    Elpida says may raise DRAM prices in March |
    U2 to play Glastonbury festival |
    German cross-eyed opossum to land in Oscar gift bags |
    From Beatles to ballet, McCartney writes for dance |
    Royal couple in spotlight at first official visit |
    Greece at new risk of being pushed off euro
    Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
    Female Breasts Are Bigger Than Ever
    AMD Trinity Accelerated Processing Units Now in Volume Production
    The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
    AMD to Start Production of piledriver
    Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
    Islamists Protest Lady Gaga's Concert in Indonesia
    Japan Successfully Broadcasts an 8K Signal Over the Air
    ECB boosts loans to 1 trillion Euro to stop credit crunch
    Egypt : Mohammed Morsi won with 52 percent
    What do you call 100,000 Frenchmen with their hands up
    AMD Launches AMD Embedded R-Series APU Platform
    Fed Should not Ignore Emerging Market Crisis
    Fed casts shadow over India, emerging markets
    Why are Chinese tourists so rude? A few insights

    [InfoAnda] [Home] [This News]



    USD EUR - 1 year graph

    BlogMeter 1.01