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Jan 24, 2014

Colombia finance minister sticks to plan amid market shake-out

DAVOS, Switzerland, Jan 24 (Reuters) – Colombian Finance
Minister Mauricio Cardenas said on Friday he is confident a
commitment to fiscal responsibility and low inflation will mean
markets continue to treat the country differently from other
emerging economies.

“I am very confident that what Colombia has is quite solid
because it is based on fundamentals that are not going to
change, for example fiscal responsibility is written into the
constitution, it is part of the fiscal rule. Low inflation is
part of the mandate of the independent central bank,” he said.

Jan 24, 2014

Bank of England’s Carney stresses no need for quick rate hike

DAVOS, Switzerland (Reuters) – Bank of England Governor Mark Carney sought to quash growing speculation that interest rates may rise sooner than the central bank has signaled after its first attempt to steer markets was overtaken by Britain’s economic turnaround.

In a speech on Friday, Carney stressed the economy was not yet strong enough to cope without stimulus.

Jan 22, 2014

Bombardier CEO says financing in good shape despite CSeries delay

DAVOS, Switzerland (Reuters) – Bombardier Inc does not need to refinance to complete the development of its $3.9 billion CSeries jet program, the Canadian train and plane maker’s chief executive said on Wednesday.

“We don’t think we need to (do a debt refinancing). Last year we raised C$2 billion (US$1.8 billion) in January. It’s an airplane development program. Sometimes we get criticized for having too much liquidity, I said we need to plan for possible delays,” Chief Executive Pierre Beaudoin told Reuters in Davos at the World Economic Forum.

Jun 11, 2013

Tel Aviv stock exchange chief defies maternal revolt

LONDON, June 11 (Reuters) – In her mission to boost activity
on the Tel Aviv Stock Exchange (TASE), CEO Ester Levanon faced
opposition from an unlikely quarter: women incensed by her plan
to add an hour to the trading day.

“Mothers approached my grandchildren saying: ‘tell your
grandmother not to do it’,” the exchange’s chief executive said
on Tuesday of extended trading, which from June 16 will bring
Tel Aviv into line with European exchanges and create a one-hour
overlap with Wall Street.

Jan 26, 2013

Basking in the shadows? Regulators are watching you

DAVOS, Switzerland Jan 26 (Reuters) – Unconventional lenders
that have enjoyed a cozy spot while central bankers were busy
trying to make banks stronger should watch out as shadow banking
is coming back on to regulators’ agenda.

Shadow banking, broadly described as intermediation by
non-banks such as hedge funds, private capital and venture
funds, has so far escaped traditional banking regulation even
though some regulators say it worsened the global financial
crisis.

Jan 26, 2013

Bankers, policymakers say Europe’s crisis not over

DAVOS, Switzerland, Jan 26 (Reuters) – International bankers
and finance ministers warned on Saturday that Europe’s crisis
was not over even though the euro currency is now stabilised, it
will take years to overcome economic malaise and mass
unemployment in Europe.

After a private meeting of leading commercial bankers,
government officials, central bankers and trade union officials,

Jan 25, 2013

UBS Chairman proposes industry-wide settlement over Libor

DAVOS, Switzerland (Reuters) – UBS Chairman Axel Weber raised the possibility of an industry-wide settlement for the rest of the banks involved in the Libor rate fixing scandal at a meeting of top bankers in Davos, sources familiar with the matter said.

Among the top bankers and officials present at the meeting on Thursday were Bank of Canada Governor Mark Carney, JP Morgan Chase Chief Executive Jamie Dimon, Citigroup CEO Mike Corbat and HSBC Chairman Douglas Flint. Carney is due to take over as head of the Bank of England later this year.

Jan 25, 2013

Exclusive: UBS Chairman proposes industry-wide settlement over Libor

DAVOS, Switzerland (Reuters) – UBS Chairman Axel Weber raised the possibility of an industry-wide settlement for the rest of the banks involved in the Libor rate fixing scandal at a meeting of top bankers in Davos, sources familiar with the matter said.

Among the top bankers and officials present at the meeting on Thursday were Bank of Canada Governor Mark Carney, JP Morgan Chase Chief Executive Jamie Dimon, Citigroup CEO Mike Corbat and HSBC Chairman Douglas Flint. Carney is due to take over as head of the Bank of England later this year.

Jan 25, 2013

UBS Chairman proposes industry-wide settlement over Libor

DAVOS, Switzerland, Jan 25 (Reuters) – UBS (UBSN.VX: Quote, Profile, Research)
Chairman Axel Weber raised the possibility of an industry-wide
settlement for the rest of the banks involved in the Libor rate
fixing scandal at a meeting of top bankers in Davos, sources
familiar with the matter said.

Among the top bankers and officials present at the meeting
on Thursday were Bank of Canada Governor Mark Carney, JP Morgan
Chase (JPM.N: Quote, Profile, Research) Chief Executive Jamie Dimon, Citigroup (C.N: Quote, Profile, Research) CEO
Mike Corbat and HSBC (HSBA.L: Quote, Profile, Research) Chairman Douglas Flint. Carney is
due to take over as head of the Bank of England later this year.

Jan 25, 2013

At Davos, bankers close in on Africa

DAVOS, Switzerland (Reuters) – Move over, China. The market that has got bankers attending the World Economic Forum at Davos this year excited is Africa.

“One market where we see plenty of opportunity is Africa,” Peter Sands, Standard Chartered’s (STAN.L: Quote, Profile, Research, Stock Buzz) chief executive, said during an interview. “It’s a part of the world that doesn’t get so much focus because everyone, quite rightly, is all excited about India and China and the whole ASEAN region.”

    • About Alexander

      "I am a Reuters columnist specialising in financial services -- particularly investment banking, M&A and corporate finance. I am based in London, but have lived and worked in Spain and South America. I have been a journalist and editor for almost 19 years and before moving into commentary at the beginning of 2009 I was the editor responsible for Reuters coverage of company news in Europe, Middle East and Africa."
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