The Independent Daily | Category Archive

Japan bank freezes Iran accounts after court order issue

No Comments 18 May 2012

0 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5, rated)

A Japanese bank has halted transactions by the Iranian government after a US court ordered a $2.6 billion asset freeze over the 1983 bombing of US barracks in Beirut, a bank spokesman said Thursday. “We have received the order from the US court,” to freeze $2.6 billion of assets, a spokesman for the Bank of [...]

Business

European stocks slump, Euro hits four-month dollar low

No Comments 18 May 2012

0 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5, rated)

Europe’s main stock markets tumbled Thursday and the euro hit another four-month dollar low as worries spiked over the eurozone debt crisis that is plaguing Greece and now circling Spain. In early afternoon deals, London’s benchmark FTSE 100 index dived 1.30 percent to 5,335.61 points and Frankfurt’s DAX 30 slid 0.86 percent to 6,329.61 points. [...]

Business

Wireless landline phones launched

No Comments 18 May 2012

0 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5, rated)

Emtel launched its Emtel Home & Office – wireless landline phones on Thursday in Port Louis to mark the World Telecommunication and Information Society Day. Speaking at the event, CEO Shyam Roy stated that since 1989, Emtel has brought much innovation and growth in the life of Mauritians in terms of technology. “Despite the fact [...]

Business

To revive business, LG unveils smartphone

No Comments 18 May 2012

0 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5, rated)

South Korea’s LG Electronics on Thursday unveiled a new version of its Optimus smartphone with greater memory and a more powerful battery, in an attempt to catch up with its rivals. The company said the Optimus LTE 2 – which will be released in the domestic market “soon” – offers as much memory as a [...]

Business

France to renegotiate EU budget plan

No Comments 18 May 2012

0 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5, rated)

New French Finance Minister Pierre Moscovici reiterated on Thursday that Paris would not ratify the EU’s budget discipline pact if the document does not include measures to boost growth. “What has been said quite clearly is that the treaty will not be ratified as is and that it must be completed with a chapter on [...]

Business

Facebook co-founder to remain in Singapore

No Comments 17 May 2012

0 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5, rated)

Facebook co-founder Eduardo Saverin intends to stay in Singapore but has no plans to take up citizenship after giving up his US passport, a move that could save him millions in taxes, his spokesman said. The Brazilian moved in 2009 to Singapore, a low-tax Asian technology and finance hub where he mingles with entrepreneurs and [...]

Business

SBI Mauritius diversifies into insurance products

No Comments 17 May 2012

0 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5, rated)

On Wednesday, State Bank of India (SBI) Mauritius announced its strategic tie-up with Island Life Assurance (ILA), to distribute ILA’s life-insurance and pension products through the branches of SBI during a press conference held at the Labourdonnais hotel, Port Louis. SBI will thus be offering the entire bouquet of ILA’s life insurance and pension products [...]

Business

SBM announces 22.4 p c rise

No Comments 17 May 2012

0 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5, rated)

In its financial report for the nine month period ended March 31 made public on Tuesday, the State Bank of Mauritius Ltd (SBM’s) profit after tax, including non operating income such as capital gain, grew by 22.4 per cent to reach Rs 1.96 billion compared to Rs 1.6 billion for the corresponding period last year. [...]

Business

Japanese families remain big savers

No Comments 17 May 2012

0 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5, rated)

The average Japanese family has 16.64 million yen ($207,000) in savings, according to official data, more than twice the average annual salary in the nation of 128 million. The number for 2011 was a 0.4 percent increase from a year earlier, with households of two or more people holding average debt of 4.62 million yen. [...]

Older Entries »