Posts Tagged ‘finance stock’

Religulous movie’s news maher reuters

October 1, 2008

TORONTO (Reuters) – You won’t find the word “religulous” in a
dictionary but it’s a good bet it will be on protest signs when the
documentary of that name, a jab-in-the-eye at Western religion, hits
movie theaters in October.

The title melds the words “religious” and “ridiculous” and the film,
the brainchild of humorist Bill Maher and “Borat” director Larry
Charles, pulls no punches in its attack on organized religions and
their cultural impact.

“Just to question why is faith good, I think is a question never
contemplated by most people” in the United States, Maher told Reuters
at the Toronto International Film Festival, where the documentary
debuted this week.

He and Charles said their goals are modest — make people laugh first
and generate discussion second — and Maher added the movie culminates
his 15 years of poking fun at religion in talk shows “Politically
Incorrect” and “Real Time.”

Born to a Jewish mother but raised Catholic, Maher counts himself
among a minority of Americans who claim no religious affiliation.

“What I’m constantly saying is I’m preaching the doctrine of ‘I don’t
know.’ That’s what I’m selling,” he said.

With Charles behind the camera, Maher questions unsuspecting
Christians, Jews and Muslims on their beliefs, at sites ranging from
religious theme parks in Florida, to the Vatican and Temple Mount in
Jerusalem.

Eastern religions, such as Buddhism and Hinduism, are not addressed,
due to the time constraints of a movie and the lack of relevance to
U.S. audiences, the filmmakers said.

Thomson Reuters is the world’s largest international multimedia news
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Thomson Reuters journalists are subject to an Editorial Handbook which
requires fair presentation and disclosure of relevant interests.

The operation repo schedule news market money

October 1, 2008

MUMBAI, Sept 17 (Reuters) – Indian overnight cash rates fell sharply
on Wednesday after the central bank said it would conduct two repo
auctions daily and was also temporarily easing the borrowing norms for
banks in an attempt to ensure liquidity.

The Reserve Bank of India said on Tuesday to alleviate the pressures
and ensure liquidity in the money market it would conduct a second
money market operation every day between 4 and 4:30 p.m. until further
notice.

It said it would also allow banks to obtain further liquidity of up to
1 percent of their deposits, in addition to the normal method of
borrowing funds from the central bank. See [ID:nBOM324806].

Morgan Stanley estimates the central bank’s move will result in
additional liquidity available to banks to the extent of 350 billion
to 375 billion rupees.

“RBI had announced a slew of measures to contain call rates yesterday,
which has brought them down,” said Imran Abrar, assistant manager at
state-run Bank of Rajasthan.

The weighted average rate in the call money market was 10.0 percent,
while collateralised borrowing and lending obligation (CBLO), a
secured form of money market lending was 8.98 percent, according to
the Clearing Corp of India (CCIL).

Volume in the call money market was 129.64 billion rupees and in CBLO
it was 162.07 billion rupees, CCIL data showed.

The central bank did not receive any bids at its morning reverse repo
auction, while it pumped in 298.15 billion rupees through the repo
route, much lower than 575.65 billion at the previous auction,
reflecting some respite being provided by the dual money market
operation. (Reporting by Swati Bhat; Editing by Prem Udayabhanu)

Thomson Reuters is the world’s largest international multimedia news
agency, providing investing news, world news, business news,
technology news, headline news, small business news, news alerts,
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on Reuters.com, video, mobile, and interactive television platforms.
Thomson Reuters journalists are subject to an Editorial Handbook which
requires fair presentation and disclosure of relevant interests.

Operation repo schedule’s news reuters market

October 1, 2008

KARACHI, Spet 8 (Reuters) – Pakistan’s central bank said it will buy
Treasury bills from commercial banks on Monday in five-day reverse-
repo contracts to inject liquidity in the money market.

The State Bank of Pakistan did not say how much money it will inject
in the open market operation.

The result of the auction will be announced at 10:45 a.m (0445 GMT)
and settlement will be later in the day.

Thomson Reuters is the world’s largest international multimedia news
agency, providing investing news, world news, business news,
technology news, headline news, small business news, news alerts,
personal finance, stock market, and mutual funds information available
on Reuters.com, video, mobile, and interactive television platforms.
Thomson Reuters journalists are subject to an Editorial Handbook which
requires fair presentation and disclosure of relevant interests.

Operation repo schedule’s news money percent

October 1, 2008

MUMBAI, Sept 23 (Reuters) – Indian overnight cash rates fell on
Tuesday helped by some infusion of liquidity through the daily money
market operations, but the shortage of funds kept rates well above 9
percent levels.

“There was some borrowing through the repo today and as it is the
second week of the reporting period, the demand for funds typically
comes down,” a dealer with a state-run bank said.

“The shortage is still there and will continue till the time we don’t
see the tax outflows coming back into the system via some government
spending,” he added.

Banks have to report their cash balances to the Reserve Bank of India
on alternate Fridays. Banks try to fund their requirements in the
first half of the fortnight, which reduces demand in the second week,
pushing rates lower.

Dealers said many banks were also borrowing for a three-day period as
India’s public sector bank employees will go on a two-day strike from
Wednesday after talks between their union and the chief labour
commissioner failed. See [ID:nDEL001961].

The weighted average rate in the overnight call money market was 12.13
percent, while for the three-day money it was 13.23 percent, according
to the Clearing Corp of India (CCIL)..

In collateralised borrowing and lending obligation (CBLO), a secured
form of money market lending the weighted average was 9.16 percent,
CCIL data showed.

Total volume in call money was 128.41 billion rupees and in CBLO it
was 189.19 billion rupees, according to CCIL.

The central bank did not receive any bids at either of its two daily
reverse repo auctions, while it pumped in 703 billion rupees in to the
system through the two repo auctions, lower than 788.6 billion the
previous day, indicating a slight easing of cash tightness in the
system. (Reporting by Swati Bhat)

Thomson Reuters is the world’s largest international multimedia news
agency, providing investing news, world news, business news,
technology news, headline news, small business news, news alerts,
personal finance, stock market, and mutual funds information available
on Reuters.com, video, mobile, and interactive television platforms.
Thomson Reuters journalists are subject to an Editorial Handbook which
requires fair presentation and disclosure of relevant interests.

Operation repo schedule’s news federal reverse

October 1, 2008

NEW YORK, Sept 25 (Reuters) – The Federal Reserve Bank of New York
said that it drained $20.0 billion from the banking system on Thursday
through an overnight reverse repo operation.

To implement monetary policy, short-term repurchase and reverse
repurchase agreements are used to temporarily affect the size of the
Federal Reserve System’s portfolio and to influence day-to-day trading
in the federal funds market.

At the time that the Fed undertook its reverse repo operation on
Thursday, federal funds were trading at 1.75 percent, below the Fed’s
2 percent benchmark for the rate. (Reporting by Chris Reese; Editing
by James Dalgleish)

Thomson Reuters is the world’s largest international multimedia news
agency, providing investing news, world news, business news,
technology news, headline news, small business news, news alerts,
personal finance, stock market, and mutual funds information available
on Reuters.com, video, mobile, and interactive television platforms.
Thomson Reuters journalists are subject to an Editorial Handbook which
requires fair presentation and disclosure of relevant interests.

The operation repo schedule news rate reuters

October 1, 2008

NEW YORK, Sept 30 (Reuters) – The key lending rate between U.S. banks
slipped on Tuesday after the Federal Reserve added $20 billion in
temporary reserves into the banking system via a 28-day repurchase
operation.

The interest rate on federal funds, or surplus reserves that banks
lend to each other overnight, last traded at 6 percent after opening
at 7 percent.

The fed funds rate is still well above the current 2 percent target
rate set by the Fed. (Reporting by Richard Leong; Editing by James
Dalgleish)

Thomson Reuters is the world’s largest international multimedia news
agency, providing investing news, world news, business news,
technology news, headline news, small business news, news alerts,
personal finance, stock market, and mutual funds information available
on Reuters.com, video, mobile, and interactive television platforms.
Thomson Reuters journalists are subject to an Editorial Handbook which
requires fair presentation and disclosure of relevant interests.

Operation repo schedule’s news reverse thursday

October 1, 2008

NEW YORK, Sept 25 (Reuters) – The U.S. Federal Reserve said it
undertook a $2 billion overnight system reverse repurchase agreement
on Thursday, to further drain temporary reserves from the banking
system after doing an initial reverse repo.

Earlier on Thursday, the Fed said that it drained $20.0 billion from
the banking system through an overnight reverse repo operation,
bringing the total amount of overnight reverse repurchases on Thursday
to $22 billion.

To implement monetary policy, short-term repurchase and reverse
repurchase agreements are used to temporarily affect the size of the
Federal Reserve System’s portfolio and to influence day-to-day trading
in the federal funds market.

At the time that the Fed undertook its second reverse repo operation
on Thursday, federal funds were trading at 1.75 percent, below the
Fed’s 2 percent benchmark for the rate. (Reporting by Chris Reese;
Editing by Theodore d’Afflisio)

Thomson Reuters is the world’s largest international multimedia news
agency, providing investing news, world news, business news,
technology news, headline news, small business news, news alerts,
personal finance, stock market, and mutual funds information available
on Reuters.com, video, mobile, and interactive television platforms.
Thomson Reuters journalists are subject to an Editorial Handbook which
requires fair presentation and disclosure of relevant interests.

Tim brown stats’s news conservatives reuters

September 30, 2008

BIRMINGHAM, England, Sept 28 (Reuters) – Britain’s opposition
Conservatives unveiled their plan on Sunday to tackle the financial
crisis, accusing Prime Minister Gordon Brown of presiding over a debt-
fuelled boom that has turned to bust.

Proposing new measures to rein in government deficits and debt, the
Conservatives took aim at Brown’s reputation for economic competence,
built up during a decade as finance minister before he replaced Tony
Blair as leader last year.

The Conservatives said they would bind themselves to strict deficit
reduction rules if they returned to power after 11 years in the
political wilderness and would give Britain’s central bank greater
powers to monitor debt.

“My message to Gordon Brown is this. You’ve had your boom and your
reputation is now bust,” Conservative leader David Cameron told the
party’s annual conference.

Instead of putting aside money during the good times, the government
overspent and is entering a downturn with a big budget deficit, the
Conservatives said.

The Conservatives have opened a consistent opinion poll lead over
Labour, but it has narrowed since Brown won praise for his performance
at his party’s annual conference last week.

Cameron and his party’s finance spokesman George Osborne are under
pressure to convince voters they have the experience to deal with the
economic gloom.

Thomson Reuters is the world’s largest international multimedia news
agency, providing investing news, world news, business news,
technology news, headline news, small business news, news alerts,
personal finance, stock market, and mutual funds information available
on Reuters.com, video, mobile, and interactive television platforms.
Thomson Reuters journalists are subject to an Editorial Handbook which
requires fair presentation and disclosure of relevant interests.

News engines engine in engine

September 30, 2008

PARIS, Sept 25 (Reuters) – Engine makers hit back at Airbus parent
EADS (EAD.PA: ) on Thursday in a tussle over who is to blame for
delays to the A400M military transport plane, saying they had
delivered their equipment for crucial tests on time.

EADS earlier postponed the maiden flight of the A400M indefinitely,
citing problems with its brand-new propulsion system that includes the
West’s largest turbo-prop engines.

In a rare public response, France’s Safran (SAF.PA: ) said eight TP400
turboprop engines for the first two A400M models had been delivered
and it was not responsible for delayed tests.

It also defended the performance of vital control software for the
engines, a component that Airbus has said is running late.

“The control software for these engines, also covering control of the
propeller and the nacelle, which are the responsibility of Airbus
Military, are currently in the final phase of compliance with civil
aviation standards,” Safran said. The nacelle is the engine housing.

“However, prior to the first flight of the A400M, this software will
integrate adjustments following the completion of engine test flights
on a (Lockheed) C-130. These tests, which are under the responsibility
of Airbus Military, have not yet started,” it said in a statement.

Safran said it was issuing the statement on behalf of all the members
of the EPI engine consortium, which also includes Rolls Royce (RR.L:
).

Airbus officials have blamed the delays on problems of coordination
between the engine partners and fault the control software used to run
the engines, a key item known as FADEC.

At stake is the future of Europe’s largest military project, already
running between six and 12 months late.

Thomson Reuters is the world’s largest international multimedia news
agency, providing investing news, world news, business news,
technology news, headline news, small business news, news alerts,
personal finance, stock market, and mutual funds information available
on Reuters.com, video, mobile, and interactive television platforms.
Thomson Reuters journalists are subject to an Editorial Handbook which
requires fair presentation and disclosure of relevant interests.

News reuters cfm in engine

September 29, 2008

PARIS, Sept 25 (Reuters) – CFM International, the world’s largest aero
engine maker jointly owned by General Electric (GE.N: ), has slowed
production due to a strike at Boeing (BA.N: ), a Safran executive
said.

The action by Boeing workers is expected to have a revenue impact of
$50-100 million at year-end based on a four week strike, he told
Reuters.

CFM is the only engine producer for the Boeing 737 single-aisle plane,
its most popular model. CFM also supplies engines for some Airbus
(EAD.PA: ) aircraft.

Thomson Reuters is the world’s largest international multimedia news
agency, providing investing news, world news, business news,
technology news, headline news, small business news, news alerts,
personal finance, stock market, and mutual funds information available
on Reuters.com, video, mobile, and interactive television platforms.
Thomson Reuters journalists are subject to an Editorial Handbook which
requires fair presentation and disclosure of relevant interests.