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U.S. Cites Bank of Montreal for Money-Laundering Weakness

Source: FOX Business  |   May 17 2013, 11:45am CDT

U.S. regulators Friday ordered Bank of Montreal (BMO), the eighth-largest bank in North America by assets, to strengthen its anti-money-laundering programs, citing deficiencies in its U.S. subsidiary's efforts at ris ...

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A.M. Best Withdraws Ratings of Household Life Insurance Company and Its Affiliates

Source: Street Insider  |   May 17 2013, 10:31am CDT

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has affirmed the financial strength rating of B++ (Good) and the issuer credit ratings of “bbb+” of Household Life Insurance Company (Household Life) (Detroit, MI) its direct subsidi ...

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Hydro projects in Spiti top priority: Virbhadra Singh
Hydro projects in Spiti top priority: Virbhadra Singh
Tabo (Himachal Pradesh), May 18 (IANS) Chief Minister Virbhadra Singh Saturday said more micro and mini hydropower projects would be set up in Spiti Valley to usher an era of prosperity and provide employment opportunities to the youth of the area.
 
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Stressful job might take life
London, May 18 (IANS) A stressful job can change the way body handles fat, resulting in raised cholesterol levels and even a heart disease, almost fatal for anyone.
 
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Man kidnapped 23 years ago finds kin thanks to Google Maps
Beijing, May 18 (IANS/EFE) A 28-year-old Chinese man who was kidnapped 23 years ago and sold to a family 1,500 km from his home, has met up with his biological parents again thanks to Google Maps, Hunan TV said Friday.
 
 

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Canadian dollar falls to two-month low

Source: Montreal Gazette  |   May 17 2013, 9:37am CDT

The Canadian dollar declined to a two-month low versus its U.S. counterpart after the annual inflation rate fell in April to its slowest in more than three years, bolstering the case for lower interest rates. The Canadian dollar fell against all ...

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Exane BNP Paribas Downgrades HSBC Holdings (HBC) to Neutral

Source: Street Insider  |   May 17 2013, 6:18am CDT

HBC) from Outperform to Neutral. For an analyst ratings summary and ratings history on HSBC Holdings click here. For more ratings news on HSBC Holdings click here. Shares of HSBC Holdings closed at $57.14 yesterday, with a ...

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Emerging stocks set for weekly fall

Source: Independent Online (South Africa)  |   May 17 2013, 4:52am CDT

Istanbul -- Emerging-market stocks headed for the first weekly loss in a month, as Philippine equities extended losses from a record and gold shares fell. Turkish bonds rose as Moody’s Investors Services Inc. raised the nation’s cr ...

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IRB announce dates for next season HSBC World Sevens Series

Source: Ultimate Rugby Sevens  |   May 17 2013, 4:00am CDT

The International Rugby Board (IRB) has announced the dates for the HSBC Sevens World Series 2013/14, with another season set to kick off on Australia's Gold Coast and climax in London, England. The 15th edition of the record-breaking ...

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Bond chief favours interest-rate cut

Source: Bangkok Post  |   May 17 2013, 2:50am CDT

An interest-rate cut may be the best option to slow inflows that drove the baht to a 16-year high as capital controls would deter investors and push up funding costs, according to the Thai Bond Market Association. The central bank may lower the one- ...

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Glencore names ex-BP boss Hayward chairman

Source: The Age  |   May 16 2013, 6:07pm CDT

Glencore Xstrata appointed former BP Chief Executive Officer Tony Hayward as interim chairman after John Bond was ousted by shareholders of the world's largest exporter of power-station coal. Bond stepped down at the start of Glencor ...

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