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MONEY MARKETS-Interbank dollar funding rates continue easing
* Interbank dollar rates continue to ease * Bank of Japan cuts rates, ECB seen following next week * 3-mth dollar deposit rates indicated at 2.7-3.8 percent LONDON, Oct 31 - The interbank cost of borrowing dollars eased again on Friday as central banks across the world made the currency more easily available and continued to cut borrowin...
MONEY MARKETS-Interbank dollar funding rates continue easing
* Interbank dollar rates continue to ease * Bank of Japan cuts rates, ECB seen following next week * 3-mth dollar deposit rates indicated at 2.7-3.8 percent LONDON, Oct 31 - The interbank cost of borrowing dollars eased again on Friday as central banks across the world made the currency more easily available and continued to cut borrowin...
Indian shares provisionally close up 8.9 pct
BANGALORE, Oct 31 - Indian shares provisionally rose 8.93 percent on Friday, powered by gains in Reliance Industries <RELI.BO>, and boosted by speculation the central bank may ease monetary policy following rate cuts elsewhere. The 30-share BSE index <.BSESN> provisionally ended 807.41 points higher at 9,851.92, with all but two of ...
INTERVIEW-So many jobs, so few experts for Islamic finance
KUALA LUMPUR, Oct 28 - The swift rise of the Islamic finance industry could hit a wall in the coming years as the sector struggles to find enough experts to do the job, an industry official said on Tuesday. Sharia banking's sudden popularity has created a scramble for bankers, scholars and lawyers conversant in both conventional finance and Isl...
Tesla sees new financing, founder offers support
LOS ANGELES/DETROIT, Oct 31 - Tesla Motors Inc expects to close a financing round of over $20 million from existing investors as soon as next week to bolster a cash balance now at $9 million, said Elon Musk, founder and chief executive of the electric car start-up. Musk, who became a billionaire by founding PayPal, said he would personally ensu...
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