Finance company ‘ran out of time’

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31 August 2010 South Canterbury Finance says it ran out of time to stitch up a deal to avoid the company’s collapse.

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Housing Finance of Kenya Secures Approval to Sell $123.4 Million of Bonds

Housing Finance Ltd. , Kenya’s only publicly traded mortgage company, received regulatory approval for a 10 billion-shilling ($123.4 million) bond, Managing Director Frank Ireri said.

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Finance Ministry sells Esso

The cabinet approved a Finance Ministry plan yesterday to sell its entire stake in Esso (Thailand) Plc to the state-controlled mutual fund for 1.65 billion baht.

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Finance Ministry rejects allegations of ‘discrepancies’

BEIRUT: The Finance Ministry rejected allegations that the open government borrowing from the market has contributed to the rise of Lebanon’s public debt. In a statement, the ministry described the MP Ibrahim Kanaan’s allegation as inaccurate and highly exaggerated. Kanaan claimed that the Finance Ministry was nine months late in sending the 2010 draft budget to the

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Finance, Economic Ministers Defend Monetary Policy Steps as Stocks Slide

Japanese finance and economic ministers defended measures pledged by the government and the Bank of Japan yesterday, amid concern they won’t be sufficient to halt the yen’s gain and boost growth.

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Strategic Finance liquidators say no cash for unsecured creditors

The first report by Strategic Finance’s liquidators confirms that unsecured creditors are likely to get nothing

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Finance workers tell ministers to cut more

FINANCE workers have told ministers to get back to the drawing board and cut more from their budgets.

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Finance company assurances restated

The Government has moved to assure investors in South Canterbury Finance that taxpayer cash will protect them if the company goes into receivership.

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Strategic Finance deficit put at $195.5m

Strategic Finance, placed in receivership in March and liquidation in July, has a book value deficit of $195.5 million, according to the first report from the liquidators.

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Finance Minister to visit Hong Kong, Singapore

Finance Minister Bill English will visit Hong Kong and Singapore next week, to meet business, investment and government leaders and update them on New Zealand’s economic programme to achieve faster growth and jobs.

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