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There’s Nothing Wrong With Islamic Finance As Long As It Really Is Islamic … – Forbes

There’s Nothing Wrong With Islamic Finance As Long As It Really Is Islamic … – Forbes

The Cyprus Bank Bailout Could Be A Disastrous Precedent: They’re Reneging On Government Deposit Insurance Tim Worstall Contributor Moody’s Downgrades UK’s AAA Rating: Not Much Happens Tim Worstall Contributor Intrade Closes Its Doors: But Why? Is This Another MF Global? Tim Worstall Contributor The Difference In The Swiss And European Union Controls On High Pay […]

German finance minister asks Bundestag to agree Cyprus deal – Fox Business

BERLIN –  Germany’s finance minister said on Saturday he would ask parliament to agree the outline of a euro zone bailout for Cyprus as soon as possible, to allow the island’s international lenders to hammer out details. Hours after euro zone ministers approved 10 billion euros ($13 billion) for Cyprus to stave off bankruptcy, Wolfgang […]

Euro Finance Ministers Grant Ireland, Portugal Eased Debt Terms – Bloomberg

Euro-area finance ministers agreed to extend maturities on rescue loans to Ireland and Portugal, easing the terms on two recipients of European bailout aid in a show of support for their commitment to austerity. The ministers gave no details on the extension. Those will be worked out by the so-called troika that oversees euro-area bailouts […]

Suspect in David Rivera campaign-finance scandal pleads guilty in court … – MiamiHerald.com

Justin Lamar Sternad didn’t have to say much Friday when he admitted guilt in a federal case targeting former Miami U.S. Rep. David Rivera. But Sternad wanted to apologize. And he wanted to send a message: he’s ready to testify against those who helped lead him and his doomed congressional campaign into the maw of […]

Former TV Talk Show Host Gets Finance Portfolio in Israel – Bloomberg

Former TV Talk Show Host Gets Finance Portfolio in Israel – Bloomberg

Yair Lapid, the former talk show host who unexpectedly became Israel’s power broker with the campaign slogan, “Where is the money?” is now in position to find it: He’s going to be the next finance minister. Lapid, a 49-year-old high school dropout and ex-model, inherits the stewardship of Israel’s economy at a time of slowing […]

Jefferies Finance Said to Plan $500 Million Bond Offering – Bloomberg

Jefferies Finance LLC, a commercial-finance company linked to Jefferies Group LLC (JEF), plans to raise $500 million with a sale of seven-year notes. Jefferies Finance intends to issue the senior securities for general corporate purposes, according to a person familiar with the offering who asked not to be identified, citing lack of authorization to speak […]

Eurozone finance ministers seek to complete much-delayed deal on rescue … – Washington Post

The bailout was initially estimated to total up to €17 billion ($22 billion) but will now more likely cost around €10 billion. While that is many times smaller than Greece’s €240 billion bailout or Ireland’s €67.5 billion, it is still considered crucial to the future of the 17-strong group of European Union countries that use […]

Ex-TV anchor Yair Lapid named Israeli finance minister – Reuters

By Tova Cohen and Steven Scheer TEL AVIV | Fri Mar 15, 2013 11:35am EDT TEL AVIV (Reuters) – A former TV anchor whose upstart political party was the biggest surprise in Israel’s January election was named finance minister on Friday as a coalition deal was signed, his spokesman said. Yair Lapid’s centrist Yesh Atid […]

EU finance experts seeking ways to get Cyprus bailout deal – Reuters

By Luke Baker and Annika Breidthardt BRUSSELS | Fri Mar 15, 2013 6:51am EDT BRUSSELS (Reuters) – EU officials worked on a rescue package for Cyprus on Friday, hoping to get approval from the IMF and euro zone finance ministers later in the day. Senior sources involved in the negotiations said the package is expected […]

London keeps global edge as top transport finance hub-survey – Reuters

By Jonathan Saul LONDON, March 15 | Fri Mar 15, 2013 3:00am EDT LONDON, March 15 (Reuters) – London remains the top financing centre for the global transport industry, although it faces stiff competition from New York and capitals in Asia Pacific as companies seek to tap more funding sources, a survey showed on Friday. […]