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Contingent Liabilities

Type: Keyphrase

Name: Contingent Liabilities

First reported 21 hours ago - Updated 3 hours ago - 1 reports

Marfin Popular Bank PCL

Weird loans of €4bn from CPB Greece

Former Chairman of Cyprus Popular Bank, Michalis Sarris told the House Institutions Committee on Tuesday that the bank in Greece granted weird loans of €4 billion.According to Mr. Sarris, during his chairmanship in the Board of the bank, a special investigation ... [Published Stockwatch Cyprus - 21 hours ago]

Entities: Greece, Marfin Popular Bank PCL, Piraeus Bank SA, Michalis Sarris, Bank of Cyprus Public Co Ltd

First reported 17 hours ago - Updated 17 hours ago - 1 reports

Alexander David Securities Group PLC Announces Disposal Of PCB

4:20pm BST Alexander David Securities Group PLC announced that it has entered into an agreement with Highstone Investment Management Limited (Highstone) for the disposal of PCB for a total cash consideration of GBP100,000 plus assumption by Highstone ... [Published Reuters UK - 17 hours ago]

Entities: Alexander David Securities Group plc, Contingent Liabilities, Investment Management, Attaché

First reported May 20 2013 - Updated May 21 2013 - 2 reports

IASB issues IAS 37 guidance on accounting for government levies

The International Accounting Standards Board (IASB) has issued an interpretation on how an entity should account for liabilities to pay levies imposed by governments, other than income taxes, in its financial statements.IFRIC Interpretation 21: Levies ... [Published Accountancy Live - May 21 2013]

Entities: International Accounting Standards Board, Liability, Contingent Liabilities

First reported May 20 2013 - Updated May 20 2013 - 1 reports

World Bank Group

World Bank supports states’ borrowing

Posted by: Nduka Chiejina, (Asst Editor) on May 20, 2013 in Business Leave a commentThe World Bank is not opposed to states’ inde pendence to borrow since Nigeria operates fiscal federalism, the body’s Lead Economist, Nigeria Country Office, John Litwack, ... [Published The Nation Nigeria - May 20 2013]

Entities: World Bank Group, John Litwack, Nigeria, Blue Line International, Contingent Liabilities

First reported May 20 2013 - Updated May 20 2013 - 1 reports

Government challenges reinsurers over Pan payout

Federal Government insurer Comcover is in dispute with its reinsurers over a $67.5 million compensation settlement from the Pan Pharmaceuticals class action.The insurer has taken legal advice on the matter, according to last weeks budget papers. The case ... [Published InsuranceNews.com.au - May 20 2013]

Entities: Pan Pharmaceuticals, Class Action, Therapeutic Goods Administration

First reported May 19 2013 - Updated May 20 2013 - 2 reports

Report warns of bank crisis risk

A banking crisis such as the 2008 economic crash in an independent Scotland could pose a "very serious risk" to Scottish taxpayers, according to a new report from the Treasury. The country would be more vulnerable to financial shocks and the volatility ... [Published Wharfvalley - May 19 2013]

Entities: Scotland, United Kingdom, Crisis, Contingent Liabilities

First reported May 16 2013 - Updated May 16 2013 - 1 reports

Lehman Brothers Holdings Inc

Moral hazard and ‘too big to fail’

Category: Banking & FinanceWritten by Valentin AranetaTHE use of the term “moral hazard” has become common in banking and finance circles ever since the default of Lehman Brothers triggered the global credit crisis in September 2008.Lehman Brothers was ... [Published Business Mirror - May 16 2013]

Entities: Bail, Credit Crisis, Mortgage-Backed Securities, Lehman Brothers Holdings Inc

First reported May 15 2013 - Updated May 16 2013 - 1 reports

IMF - INTERNATIONAL MONETARY FUND: Malta- 2013 Article IV Consultation Concluding Statement

1. Malta has shown remarkable resilience in the face of a major crisis in Europe, and its main challenge is to preserve this macroeconomic stability. Average growth of the Maltese economy (relative to historical average) has been the best in the euro ... [Published 4 Traders - May 15 2013]

Entities: Malta, International Monetary Fund, Reformism, Enemalta Corp

First reported May 16 2013 - Updated May 16 2013 - 1 reports

Ingrained inertia will kill off any attempt at meaningful reform

ABOUT 10 years ago, I shared a radio studio on the late-lamented Sam Smyth programme with Mary Hanafin when she was a junior minister responsible for children – a brief that encompassed the departments of Education, Justice and Social Protection. Judge ... [Published Irish Independent - May 16 2013]

Entities: Mary Hanafin, Inertia, Croke Park, Trinity House, Ireland Bailout

First reported May 15 2013 - Updated May 15 2013 - 1 reports

Effective sovereign wealth fund management in Mongolia : what principles apply?

Doc Name Effective sovereign wealth fund management in Mongolia : what principles apply?Keywordsaccountability, ADB, Bank of Botswana, budget deficits, Central Bank, collateral, commodity, contingent liabilities, corruption, degree of transparency, diversified ... [Published World Bank - May 15 2013]

Entities: Mongolia, Economic Growth, Bank of Botswana, Contingent Liabilities, FINANCIAL RISK

First reported May 13 2013 - Updated May 13 2013 - 2 reports

P30-billion liability fund eyed for failed PPP projects

The Department of Finance (DOF) is pushing for a budget allocation for a contingent liability fund—a fund intended to finance the government’s liabilities from Private-Public Partnership (PPP) projects, National Treasurer Rosalia de Leon said.The finance ... [Published Business Mirror - May 13 2013]

Entities: Liability, Contingent Liabilities, Clark Field, Infrastructure

First reported Apr 30 2013 - Updated Apr 30 2013 - 5 reports

Eurobonds or euro-exit: the choice is Germany's

Like it or not, Berlin leads the eurozone. Now it must decide the future of the currency area – and the sooner the betterHans-Werner Sinn has deliberately distorted and obfuscated my argument . I was arguing that the current state of integration within ... [Published Guardian.co.uk - Apr 30 2013]

Entities: Germany, Japan, Contingent Liabilities

Quotes

"Kiwibank represents about 70 per cent of the group's consolidated earnings and is a significant and growing contingent exposure to the group."

S&P downgrades Kiwibank, NZ Post outlook [Published New Zealand Herald - 13 hours ago]

"The company was incorporated on 15 December 2011 and entered into an agreement to acquire the entire issued and to be issued share capital of Naibu HK Investment International Ltd on 13 February 2012. The acquisition was effected by way of issue of shares."

Unaudited Preliminary Results [Published TrustNet - May 21 2013]

...was stated to be $640,000 in cash, which was paid on completion of the acquisition, and up to 12,800,000 shares in the capital of ECV ("ECV Shares ") (representing 3.8% of ECV's current issued share capital). The ECV Shares were to be issued following completion of the acquisition of the One80 Stake subject to the satisfaction of certain conditions and potential downwards adjustment following a statutory valuation and report under Section 593 of the Companies Act 2006 (the "Valuation Report"). In January 2013 the Group issued 9,216,000 ECV shares in full and final settlement of the consideration owing in respect of the One80 Stake and other matters. On 7 September 2012 the Group agreed to acquire the benefit of a $250,000 short-term loan made to One80 by Cabvision Network Limited. The acquisition of the benefit of the One80 Loan by ECV will ensure that the One80 Loan and the related security over One80's assets are under the control of ECV as majority shareholder rather than an external party. As a result ECV will control the enforceability of the loan and related security over the relevant assets of One80, which are important to the business of ECV. On 7 September 2012 the Group raised $1.75m (before expenses) through a firm placing of 116,666,666 ordinary shares at 1.5 pence per share (the "Placing"). The Group has undertaken the Placing to certain new and existing institutional investors at a price of 1.5 pence per share (representing a discount of approximately 18% against the closing mid-market price on 6 September 2012). As part of the Placing the Group entered to a number of agreements with related parties"

Eco City Vehicles : Final Results [Published Investegate - May 21 2013]

...and presents SoundBite with an exciting new endeavor that makes tremendous sense for the market," said Jim Milton, President and CEO of SoundBite. "We believe existing SoundBite customers will value the benefits of being part of the global Genesys community made up of the world's leading innovators in customer experience."

Genesys to Acquire Leading Cloud-Based Customer Engagement Solution Provider SoundBite Communicat ... [Published Zecco - May 20 2013]

More Content

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Sears Canada Reports First Quarter Results -8- [Published Scottrade - 16 mins ago]
Final Results [Published TrustNet - 2 hours ago]
S&P downgrades Kiwibank, NZ Post outlook [Published New Zealand Herald - 13 hours ago]
Alexander David Securities Group PLC Announces ... [Published Reuters UK - 17 hours ago]
Disposals and Issue of Equity [Published MoneyAM - 20 hours ago]
Weird loans of €4bn from CPB Greece [Published Stockwatch Cyprus - 21 hours ago]
Result of AGM [Published TrustNet - May 21 2013]
IASB issues IAS 37 guidance on accounting for g... [Published Accountancy Live - May 21 2013]
Unaudited Preliminary Results [Published TrustNet - May 21 2013]
Eco City Vehicles : Final Results [Published Investegate - May 21 2013]
IASB issues latest Interpretation - IFRIC 21 Le... [Published BDO International - May 21 2013]
Genesys to Acquire Leading Cloud-Based Customer... [Published Zecco - May 20 2013]
IASB issues IFRIC Interpretation 21: Levies [Published IFRS Foundation - May 20 2013]
PIRAEUS BANK SA : Q1 2013 Results () [Published 4 Traders - May 20 2013]
EHS: EVRAZ HIGHVELD STEEL & VANADIUM LTD - Grou... [Published JSE Securities Exchange - May 20 2013]
BDM: BUILDMAX LIMITED - Consolidated Audited Ab... [Published JSE Securities Exchange - May 20 2013]
Press release: Banks safer in the United Kingdom [Published Scotland Office - May 20 2013]
Government challenges reinsurers over Pan payout [Published InsuranceNews.com.au - May 20 2013]
Final Results [Published TrustNet - May 20 2013]
NTC: NETCARE LIMITED - Unaudited interim re.../02 [Published JSE Securities Exchange - May 20 2013]
FIRSTGROUP PLC - Announcement re: Rights Issue [Published FinanzNachrichten.de - May 20 2013]
World Bank supports states’ borrowing [Published The Nation Nigeria - May 20 2013]
Questionable land deals put KAA bosses in audit... [Published Business Daily Africa - May 19 2013]
Report warns of bank crisis risk [Published Wharfvalley - May 19 2013]
Treasury: Independent Scotland 'more vulnerable... [Published Stv.tv - May 19 2013]
Eurosail: the Supreme Court provides clarificat... [Published Druces LLP - May 17 2013]
Net Element International Announces First Quart... [Published Business Wire - May 17 2013]
New Ireland Assurance Spring Conference ? ?Look... [Published Noodls - May 17 2013]
Belgium: IMF Executive Board Concludes 2013 Art... [Published IMF - May 17 2013]
Public Information Notice: IMF Executive Board ... [Published IMF - May 17 2013]

Blogs

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China: Some thoughts on investment and consumption [Published Credit Writedowns - May 10 2013] By Michael Pettis I have been arguing for several years that once China begins the adjustment process, which I expect to characterize the ten-year period of the current administration, growth rates must slow significantly. My expectation for long-term ...
Soros Vs Sinn: To 'Eurobond' Or To Save The Euro [Published Zero Hedge - May 07 2013] The debate rages... Soros: "The euro crisis has already transformed the European Union from a voluntary association of equal states into a creditor-debtor relationship from which there is no easy escape. The creditors stand to lose large sums should ...
Soros Vs Sinn: To 'Eurobond' Or To Save The Euro [Published Zero Hedge - May 07 2013] The debate rages... Soros: "The euro crisis has already transformed the European Union from a voluntary association of equal states into a creditor-debtor relationship from which there is no easy escape. The creditors stand to lose large sums should ...
Slovenia cut to junk by Moody’s; outlook negative [Published Credit Writedowns - Apr 30 2013] Editor’s note: Moody’s Investors Service released the following statement in conjunction with a ratings action it took today on Slovenian sovereign debt. New York, April 30, 2013 — Moody’s Investors Service has today downgraded Slovenia’s government ...
George Soros Leaves a Weblog Comment for Hans-W... [Published Brad DeLong - Apr 30 2013] George Soros:George Soros Comment On Hans-Werner Sinn: Hans-Werner Sinn has deliberately distorted and obfuscated my argument. I was arguing that the current state of integration within the eurozone is inadequate: the euro will work only if the bulk of ...

Press Releases

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Net Element International Announces First Quart... [Published Business Wire - May 17 2013]
Fitch Revises Meritage's Outlook To Positive; A... [Published Business Wire - May 10 2013]
Net Element’s Recent Acquisition Ranked by Nils... [Published Business Wire - May 10 2013]
Net Element Releases Open Letter to Shareholders [Published Business Wire - Apr 18 2013]
The Ministry of Finance and Economic affairs pr... [Published GlobeNewswire: Acquisitions News - Mar 27 2013]