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Public sector banks pillars of financial sector: Chidambaram

CHENNAI: Public sector banks in the country are among the strongest pillars of the world banking industry, P. Chidambaram, Union Finance Minister, said on Saturday.

Energy Sector Called at Risk for Cyberattack

Asked which industry is the biggest target for cyberattack, critical infrastructure insiders in the U.S., Canada, and Europe point to the energy sector. The energy industry also is the most vulnerable to cyberattacks and would have the most detrimental breach, while the financial sector is the best prepared in the case of a cyberattack, according to the survey sponsored by security firm Secure Computing.

Read the article: CNET News.com

NSE - Banking Sub-Sector Tops Performance Chart

Investors' preference for the shares of banking sub-sector since the resumption of bears market last week saw the sector topping the performance chart in terms of volume and value of equities traded.

Bassil refuses to hang up on plans to revamp cellular sector

BEIRUT: Telecommunications Minister Jebran Bassil on Tuesday accused his opponents of trying to torpedo his efforts to rehabilitate the cellular networks. "They'd rather see the entire cellular sector in Lebanon disappear instead of seeing the political group which I belong to make any reforms in this sector," Bassil told reporters at the Telecommunication Ministry.

Apple Winning Over Businesses with iPhone

"The business sector, long wary of Apple, is taking note of Cupertino's latest offering, the iPhone Apple has shown terrific growth over the past decade after virtually collapsing in the early 90s. However, one segment that it has never really been able to win back is the business sector. Not since the days of Apple IIe's or further back has Apple really enjoyed strong business adoption. And the business sector, consisting of everything from business laptops, to servers and business phones, is a huge revenue source so this was a big loss for Apple."

Russia's Alfa Bank says buys stake in smaller rival

MOSCOW, Nov 30 (Reuters) - Russia's Alfa Bank has bought a controlling stake in a distressed regional rival, it said in a statement on Sunday, further evidence that a global squeeze on credit is troubling Russia's sprawling banking sector. Alfa Bank, the country's biggest private bank, had been looking for takeover targets among Russia's 1,000 banks during the global economic downturn which has hit the Russian banking sector hard and forced it to consolidate. 'Today, Alfa Bank, has announced the acquisition of a controlling stake in leading bank Severnaya Kazna,' Alfa Bank said in a statement. 'In conjunction with the Central Bank of Russia and the Deposit Insurance Agency, Alfa Bank will make efforts to stabilise and strengthen the position of Severnaya Kazna in the Urals' banking sector.

Petrochem, banking sectors dent TASI

Saudi shares fluctuated last week in thin trading in response to ups and downs at world markets and the sharp decline in oil prices. The Tadawul All-Share Index (TASI) lost further 9.84 percent last week to close at 5,485.19 points. The index closed at 6,083.87 points in the previous week. The decline was led by the petrochemical sector, notably the Saudi Basic Industries Corp. (SABIC), and the banking sector, analysts said. SABIC shares declined 18.58 percent to SR60.25. According to the Kuwait-based Global Investment House (Global), the petrochemical sector declined by 36 percent in October as the oil prices slid by more than 50 percent after reaching an all-time high of $145 per barrel in July.

Banking Sector & Financial System In Stronger Position To Face Challenges

KUALA LUMPUR, Nov 28 (Bernama) -- Malaysia’s banking sector and financial system are in a much stronger position to face the challenges today compared to a decade ago, according to the Malaysian Investment Banking Association (MIBA).

Arts sector - the new sugar industry?

of Hal Linton (Million-Dollar Deal For Linton, WEEKEND NATION, October 24), one could easily say that the arts and entertainment sector has the potential to become the new sugar industry.

Non-Bank Sector Suffers Credit Crunch

The non-bank financial sector, including credit financiers, savings banks and insurance companies are suffering a credit crunch. It has become difficult to find buyers for their bonds, and the concern over bad debt from construction projects is growing. Some are resorting to their mother companies to access liquidity.

Chinas banking sector strengthened by competition

BEIJING, Oct. 28 -- The development of China's banking sector can be seen as a case study of how competition from international companies can enhance an industry.

China's banking sector strengthened

The development of China's banking sector can be seen as a case study of how competition from international companies can enhance an industry.

Incident in sector 3-4 of the LHC

Commissioning of the LHC came to an abrupt halt at midday on 19 September, when an incident occurred in sector 3-4 that resulted in a large helium leak in the LHC tunnel. The time necessary for the investigation and repairs precludes a restart before CERN’s obligatory winter-maintenance period, pushing the date for restart of the accelerator complex to early spring 2009.

Internet Sector Poised for Growth, Google and Amazon Especially

Alas, an Internet analyst who can think outside the box and hold onto big picture themes, in stark contrast to his brethren at other banks who are essentially spelling doom for Internet stocks. Barclays and former Lehman Brothers analyst Doug Anmuth upgraded the Internet sector to Positive from Neutral and upgraded a few names in spite of the current economic environment.

China's banking sector strengthened by competition

BEIJING, Oct. 28 -- The development of China's banking sector can be seen as a case study of how competition from international companies can enhance an industry.

Google targets energy sector

Internet search and advertising company Google is increasingly looking at the energy sector as a potential business opportunity, the New York Times reported.

Recent German banking sector mergers

(Reuters) - Commerzbank AG's deal to buy Dresdner Bank is the latest acquisition in the consolidating German bank sector. Skip related content

KNF appeals to banking sector to reduce Swiss Franc loans

The Financial Supervisory Commission (KNF) has appealed to banking sector institutions to withdraw from granting loans in Swiss Francs

JP Morgan cuts banking sector's earnings outlook

(Reuters) - J.P. Morgan Securities slashed its earnings estimates on the banking sector and cut its share-price targets on several banks.

Liquidity crunch in UAE banking sector stabilising

Dubai: The liquidity crunch in the United Arab Emirates banking sector is stabilising but the Gulf state's central bank is ready to do more if needed, UAE Central Bank

Japan Hot Stocks-Chip sector, NTT DoCoMo, Suzuki, Furukawa Elec? 1 hr ago

If you are dumbfounded by the amount of money the federal government is pouring into the private sector to ease the nation's financial crisis, click ahead for a big-budget ride through time.

Presidential aide calls for reliable banking sector

Steady economic growth is impossible without a reliable banking sector in Russia, Presidential Aide Arkady Dvorkovich said during a meeting of the Russian Union of Industrialists and Entrepreneurs (RSPP). He added that conditions must be created for banks to extend loans comfortably.

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