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JAKARTA, Indonesia (AP) -- The Indonesian Central Bank increased its key one-month interest rate 25 basis points to 8.75 percent Thursday to try to help control surging inflation ignited by recent government fuel hikes.
"Bank Indonesia will continue to i..
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By Krista Hughes 53 minutes ago FRANKFURT (Reuters) - The European Central Bank raised interest rates for the first time in more than a year on Thursday, in a widely expected quarter percentage-point move which took benchmark rates to 4.25 percent, the..
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FRANKFURT (Reuters) - The European Central Bank raised interest rates for the first time in more than a year on Thursday, in a widely expected quarter percentage-point move which took benchmark rates to 4.25 percent, the highest level since September 200..
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LONDON (Reuters) - A global sell-off knocked world shares to a five-month low on Thursday as surging oil fanned concerns about inflation and slowing growth with investors looking ahead to a key U.S. jobs report.
The European Central Bank became the firs..
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FRANKFURT, Germany (AP) -- The European Central Bank raised its benchmark interest rate Thursday by a quar..
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1 hour, 35 minutes ago WASHINGTON (Reuters) - A federal judge in Miami authorized the Internal Revenue Service to request information from UBS AG about U.S. taxpayers who may be using Swiss bank accounts to evade federal income taxes, the U.S. Justice D..
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By CHRISTOPHER S. RUGABER, AP Business News Tue Jul 1, 7:14 AM ET WASHINGTON - The Justice Department said it is seeking information from Swiss bank UBS AG about U.S. taxpayers who may have used offshore accounts to avoid paying federal income taxes.
T..
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LAKEVILLE, Conn., July 1 /PRNewswire-FirstCall/ -- Salisbury Bancorp, Inc. (the "Company") (Amex: SAL - News), the holding company for Salisbury Bank and Trust Company, announced today that the Board of Directors has adopted a stock repurchase program. Th..
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1 hour, 11 minutes ago PARIS (Reuters) - The chief executive of Bank of New York Mellon Corp (BK.N) said on Monday he expected further losses from the banking sector and added that the U.S. housing market crisis could continue for some time.
"I think t..
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2 hours, 37 minutes ago MILAN (Reuters) - Bank Santander (SAN.MC) has over 2 percent of Banca Monte dei Paschi di Siena (BMPS.MI), the Italian mid-sized lender which bought Antonveneta bank from the Spanish giant, Il Messaggero newspaper reported on Sun..
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Sun Jun 29, 5:01 AM ET MILAN (Reuters) - The worst of the financial crisis is over and markets should start settling from the second half of this year, the head of France's biggest listed bank, BNP Paribas, told Italy's La Repubblica newspaper.
"The wo..
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NEW YORK (Reuters) - Stocks will start the second half of 2008 staring into the jaws of a bear market.
At Friday's closing bell, it looked like there was little relief in sight from runaway oil prices and the lack of reassurances from bank about their a..
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MOCKSVILLE, N.C., June 27 /PRNewswire-FirstCall/ -- Bank of the Carolinas Corporation (Nasdaq: BCAR - News; "Company") announced today that the Company's Board of Directors has authorized the Company to repurchase up to 398,737 shares, or 10%, of the Comp..
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SAN FRANCISCO--(BUSINESS WIRE)--The Federal Home Loan Bank of San Francisco’s Board of Directors has declared a dividend for the second quarter of 2008, to be determined in accordance with the Bank’s Retained Earnings and Dividend Policy. The Bank exp..
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1 hour, 59 minutes ago BANGALORE (Reuters) - Bank of America Corp (BAC.N) on Thursday said it expects to eliminate about 7,500 jobs over the next two years after it completes its acquisition of Countrywide Financial Corp (CFC.N), the largest U.S. mortga..
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CHARLOTTE, N.C., June 26 /PRNewswire/ -- Bank of America Corporation plans to complete the purchase of Countrywide Financial Corporation on July 1 subject to customary closing conditions. Countrywide shareholders' decision to approve the transaction Wedne..
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ORANGEBURG, S.C.--(BUSINESS WIRE)--Community Bankshares, Inc., (AMEX:SCB - News) (“SCB”), parent of Community Resource Bank, N.A., and First Citizens Bank and Trust Company, Inc., a wholly-owned subsidiary of First Citizens Bancorporation, Inc. today..
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AMSTERDAM, Netherlands (AP) -- Dutch bank Fortis will issue $2..
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By ALEX VEIGA, AP Business Writer 30 minutes ago LOS ANGELES - Countrywide Financial Corp.'s shareholders cleared the way Wednesday for the company to be taken over by Bank of America Corp., even as officials in two states filed lawsuits claiming the di..
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LOS ANGELES (AP) -- Countrywide Financial Corp.'s shareholders cleared the way Wednesday for the company to be taken over by Bank of America Corp., even as officials in two states filed lawsuits claiming the distressed mortgage lender misled borrowers int..
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