Banking industry
Penn National Gaming, Inc. has announced that its President and Chief Operating Officer, Kevin DeSanctis, and Chief Financial Officer, William Clifford, will participate in an audio webcast at the Deutsche Bank Hospitality and Gaming Conference on Thursday, November 17, 2005. The webcast will be available at www.pngaming.com and
Banking industry
Business in Asia on Nov 9, 2005 reported significant economic developments in various Asian countries. The United States and China signed a three-year textile trade agreement, while steel giants Baoshan Iron and Steel Co., Ltd., Japan's Nippon Steel, and Europe's Arcelor joined forces to produce automotive
Banking industry
The Australian dollar has opened almost unchanged, following a recent dip to its lowest level in over a year. The currency continues to be affected by the strong US dollar, fueled by expectations of continued interest rate hikes in the US. National Australia Bank's Michael Jansen notes that
Banking industry
The Reserve Bank of Australia, the country's central bank, has left interest rates unchanged at 5.50 per cent. Despite inflation reaching its target range of two to three per cent, the bank decided to stay the course, citing underlying inflation under control and no convincing reason to
Banking industry
The Federal Reserve is poised to continue its moderate interest rate hikes amidst concerns over rising inflation, driven mainly by high energy costs. With the economy in relatively good shape, the Fed's decision to raise interest rates by another quarter of a percent is considered a near certainty.
Banking industry
The International Monetary Fund (IMF) has warned that the Philippines' debt level could rise if the country's political noise continues and reforms are reversed. The IMF's Debt Sustainability Analysis noted that the recent economic reforms initiated by the Arroyo administration, particularly the planned implementation of
Banking industry
Mumbai, India, has witnessed a significant development in the corporate world, with Reliance Industries Ltd. announcing that 99.9% of its total equity shareholders have voted in favor of its proposed demerger scheme. This announcement comes after a meeting held on October 21, where 100% of the unsecured creditors and
Banking industry
Wachovia Corporation's board of directors recently approved the company's regular quarterly cash dividend on its common stock, setting the payment amount at 51 cents per share. This dividend is payable on December 15, 2005, to shareholders who were recorded as of the close of business on
Banking industry
Webster Financial Corporation, the holding company for Webster Bank, N.A., has declared a regular quarterly cash dividend of $0.25 per common share. This payment marks the 73rd consecutive quarterly dividend since the company first paid one in 1987. Shareholders of record on October 31, 2005, will receive the
Banking industry
The Philippines' ability to sustain its fiscal consolidation and improve its fiscal position heavily relies on the implementation of the expanded value-added tax (EVAT) law. The government's fiscal consolidation program is at risk due to concerns over declining spending on crucial public services and infrastructure, despite the
Banking industry
South Korea's biggest family-run conglomerate, Samsung Group, has filed an appeal with the Seoul High Court against a recent ruling that found two of its executives guilty of selling corporate bonds to the group's founding family at below-market prices. The appeal comes as prosecutors and analysts
Banking industry
Bank of America, a leading financial institution, has launched a program called "Keep the Change" to encourage customers to start saving money. The service allows customers to round up their debit-card purchases to the nearest dollar and deposit the change into an interest-earning savings account. The bank will
