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Personal Finance News
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UK's Brown: G20 should consider bank tax urgently
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Reuters
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Sat 07 Nov, 05:00 PM
ST ANDREWS, Scotland (Reuters) - A tax on financial transactions to fund future bank bailouts should be considered with urgency, British Prime Minister Gordon Brown said on Saturday, a significant departure from London's line to...
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BoCom sees strong 2010 China lending, bank profits
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Reuters
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Sat 07 Nov, 02:50 PM
BEIJING (Reuters) - Banks in China are expected to lend 8-9 trillion yuan in 2010, slowing a touch from this year's likely new-loan total of 10 trillion yuan, Bank of Communications (BoCom) said on...
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'Commercial insurance premia to rise 30%'
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HT
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Sat 07 Nov, 12:55 PM
Come April 2010, companies will have to shell out 20 to 30 per cent more to buy insurance covers for property, aviation, engineering, marine insurance and business interruption. Reason: reinsurance rates are hardening, and are likely to go up even...
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No VAT on Cars/bikes to be purchased by army personnel
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HT
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Sat 07 Nov, 12:53 PM
The State Government has decided to exempt cars and motorbikes/scooters from levy of the Value Added Tax (VAT) in case vehicles are purchased by serving and ex- army men. The State Cabinet took a decision to this effect last week and now the...
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Warren Buffett's Berkshire says net income triples
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Reuters
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Sat 07 Nov, 10:30 AM
NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Friday said quarterly earnings tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance...
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U.S. insurance group moves ahead with new rating plan
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Reuters
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Sat 07 Nov, 08:10 AM
NEW YORK (Reuters) - U.S. insurance regulators on Friday approved development of a new model for sizing up risks in mortgage bonds held by insurers that cuts reliance on traditional credit rating...
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