ProvencoCadmus sells finance book - National Business Review
ProvencoCadmus is selling its New Zealand eftpos finance book to Finance Now, a subsidiary of New Zealand-owned SBS bank. The buy price for the New Zealand eftpos finance contracts, associated receivables and related assets is $11.9 million

Bailout Lacks Oversight Despite Billions Pledged - Washington Post
Barney Frank (D-Mass.), chairman of the House Financial Services Committee, welcomes the change in the bailout program’s focus to injections of capital. (By Lauren Victoria Burke — Associated Press) Along the way, the Bush administration has

Finance Minister: Taxpayers won’t pay for tycoons’ ills - Haaretz.com
Corporate Israel shouldn’t anticipate an easy lifeline from the government, top economic officials stated Wednesday after another rough day in which hundreds of people lost their jobs and stocks tumbled. But help will be provided when and where needed

EDMUND S. PHELPS - Der Spiegel
Edmund S. Phelps, 75: It is preposterous to talk, as some Europeans have, of the “end of capitalism.” A good life requires a rewarding workplace — one of change and challenge — and that requires some sort of well-functioning capitalism. There is

London finance vacancies down by half on ‘07 - Reuters UK
LONDON (Reuters) - Unfilled jobs in London’s financial sector plunged by nearly a half in October from a year ago, as the protracted credit crisis kept a lid on hiring. Vacancies in the City dropped 48 percent to 5,418 — the lowest level since

DIARY - European Central Bank (ECB) events to January 15 - Reuters
===== This diary includes speeches and public appearances by members of the ECB’s Governing Council, which sets monetary policy for the 15-nation euro zone. Refinancing tenders are listed at the bottom

Senate Finance Chief Calls for Mandatory Insurance (Update3) - Bloomberg
Nov. 12 (Bloomberg) — Senator Max Baucus , presenting the first Democratic health plan since President-elect Barack Obama ’s victory, stated all Americans should be required to have insurance once coverage is made inexpensive. Baucus, of Montana

Obama to keep low profile at finance summit - Top News India
Washington  - US president-elect Barack Obama has turned down the chance to meet with foreign leaders at Saturday’s economic summit in Washington, choosing instead to keep a low profile during the emergency gathering. Obama intends to remain at home

Sellers Offer a Financial Hand to Their Buyers - Wall Street Journal
For small companies looking to cash out, this might be an best time — if they’re willing to give sellers a financial hand. The reason is that fewer businesses are on the block these days as owners fret over the ability to live off their proceeds

Paulson bucks mortgage aid outlay; pressure grows - Hindustan Times
US Treasury Secretary Henry Paulson on Wednesday shot down a proposal from a top bank regulator to use the government’s $700 billion financial rescue fund to rework mortgages for distressed homeowners, angering Democratic lawmakers who stated more

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