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Bail out secured
Greek politicians yesterday secured the final piece of the bail-out jigsaw, securing the much needed money from the EU and IMF and preventing the Hellenic Republic from a disorderly default by the middle of next month. It looks as though German banks will follow their French counterparts in agreeing to roll-over maturing Greek debt, but the penal rate of interest Greece will have to pay to the banks
World First Morning Update 1st July 2011: Market's Focus to Move to US Debt
The Greek question may not have been fully answered yet and risky assets are still able to breathe a sigh of relief and push higher. This is despite poor manufacturing numbers from both the Japanese and Chinese economies overnight. Politicians in Greece passed the second austerity vote yesterday that allows them to implement the cost saving measures they voted for Wednesday. It now seems certain that the IMF, ECB and EU will pay the next tranche of bailout money to the Greeks sometime next...
State of Telecom Industry in Pakistan: Incentivise Dealers to Push Mobile Money
In the GSMA Mobile Money Summit being held in Singapore these days, Telenor Pakistan and other operators playing on mobile banking in the region have emphasized the need to leverage the reach of their agent networks to push their respective mobile money schemes. Details as quoted from the Mobile Business Briefing report: ?The agent networks are the entry point for our customers, and they have the relationship,? said Roshan's Zahir Khoja. ?We want them to be the ambassadors for mobile...
The Friday Podcast: Wasting Money Making Money
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