The Royal Bank of Scotland (RBS) has agreed to pay a fine of £28.59 million after admitting breaches of competition law between October 2007 and February or March 2008. The fine was reduced from £33.6 million to reflect RBS’s admission and agreement to co-operate. The agreement follows an OFT investigation which found that individuals in …

Initial talks about a large copper and gold mine in China began recently between the Aluminum Corp. of China, or Chinalco, and the Anglo-Australian mining company Rio Tinto. The mine would be constructed in Mongolia, reports Tad Brooks of the China Mineral Company. Chinalco director Liu Xiangmin said recently that “Chinese enterprises cooperating overseas in …

Analysts from the China Mineral Company reported today that Bank of America (BoA) has released a statement on the future of gold demand. BoA analysts predict that China will be a primary driver of gold demand in coming years. Their report cites the opening of the Chinese jewelry market as an encouragement to invest in …

After the mortgage crisis of 2008, Washington has taken extraordinary steps to keep home loans available and affordable. That caused a tentative housing recovery last year. Home sales reversed their four-year descent, while prices stabilized. The government seized control of Fannie Mae and Freddie Mac, massive companies that purchase home loans, package them into investments and guarantee …

This past week has seen stocks climbing steadily, albeit slowly, due to a stream of uplifting reports on the state of the U.S. Economy reports Dominion Provident Ventures, Inc. Unlike the manufacturing and industrial sectors, the housing market has been slow to recover after its collapse helped push the nation into recession. Reports on sales, …

Google’s partial retreat from the Chinese market has evoked two predominant reactions: the Chinese government has condemned the act, and Chinese citizens have begun to worry about their access to foreign search engines. The roots of the conflict extend back more than two months ago, when Google, Inc. first expressed outrage at the Chinese restrictions …

Unlike North America and Europe private equity in South East Asia is not on its last legs. Veronica John, CEO of IDFC Capital, believes that energy infrastructure development in South – East Asia may reap huge returns if the initial obstacles are overcome. “The power-related sector, solutions for urban water and waste management could potentially …

Charlotte, NC,  March  8, 2010 – TruPoint Partners a provider of compliance solutions to financial institutions has relocated to Charlotte, North Carolina’s Ballantyne Corporate Park.  The move to larger offices was necessary to position the company for their next stage of growth. “Bank compliance budgets are being cut daily and yet our business continues to grow,” …

Receiving support from rising oil and precious metal prices, Asian stocks rose despite the fall in Japanese automotive stocks. Analysts from the China Mienral Company provide an analysis of the fluctuating Asian market. BHP Billiton, the world’s biggest mining company, gained 1.2 per cent in Sydney. Newcrest Mining, Australia’s biggest gold producer, increased 1.8 per …

Bolstered by concerns of rising soverign debt in Europe and the United States, gold reached a six-week high as investors increasingly view the metal as an alternative to currencies. “Gold is going to become the currency of choice as people lose faith in fiat currencies,” reported Tad Brooks of the China Mineral Company, citing Matt …

The Nikkei average of Japan lost 0.5 percent on Thursday, due to the ailing Japan Airlines and the electronics company Canon hit hard by a brokerage downgrade. The fall was also encouraged by monetary tightening in China, when China’s central bank raised its rates on three-month bills. Analysts at Dominion Provident Ventures, Inc. report that …

The Federal Reserve recently stated that the economy has grown slowly, but that the recent snowstorms hindered economic activity on the east coast, reports Dominion Provident Ventures, Inc (DPVI). The Fed also reported that although the economy has experienced growth, it does not appear to be enough to incentivize companies to hire additional employees. Of …

Analysts from Tortola Capital report that the European Central Bank will announce that special lending to banks introduced during the financial crisis will be decreased, even though recovery from the recession is appearing to be weaker than initially hoped. Tortola analysts also report that as a result of Greece’s fiscal woes, the ECB will keep …

In Japan, the Toyota Prius remains the top selling car in spite of the recent struggles the company has faced with the global recall of defective automobiles. reports Tortola Capital. The hybrid model has sold more than 27,000 units in February, and has remained the best selling model for ten straight months. The success of …

As the international community and business leaders seek to rebuild Haiti, they are turning to a pre-quake plan to amplify its low-wage garment assembly industry and turning it into the linchpin of recovery. President Barack Obama’s administration is on board, encouraging U.S. retailers to obtain from Haiti at least 1 percent of the clothes they …

At an internal meeting in July 2009, Toyota officials reported that they had saved over $100 million through negotiation of an “equipment recall”. The recall was reported to involve 55,000 Toyota Camrys and Lexus ES350 vehicles in September 2007. The report was entitled “Wins for Toyota – Safety Group”, and cites millions of dollars in …

Paris-London-Singapore-Dublin: Pricing Partners, (www.pricingpartners.com), the independent valuation expert and a world leader in mathematical models and analytics for derivatives and structured products, announced that Incisive Capital Management Ltd, the Dublin based investment management firm, has selected Price-It Excel to price and risk manage their inflation linked business. Pricing Partners’ flagship software, Price-It Excel, authorizes Excel …

Tortola Capital news analysts report that President Obama is set to propose a bill that will grant federal authorities the power to limit insurance rate increases. The move is part of an overhaul plan he will unveil on Monday in an effort to salvage his health care agenda. The proposal would give the federal Health …

Chinese lending institutions are subject to tighter controls on risk and borrowers’ credibility according to a new mandate by banking regulators, reports Tortola Capital. The government’s order comes as Beijing tries to prevent excessive lending that it says could lead to financial problems while ensuring adequate credit to keep the economic recovery on track. Chinese …

A bullish outlook on U.S. Credit Markets has been taken by Northern Pegasus, who believe strong growth will ensure payments are met. Corporate bond returns in the U.S. are lagging behind Europe by the most in a year, a trend that Wall Street’s biggest banks say is poised to reverse as the economies of the …

Aditech Accounting Services announces to handle the bank account reconciliation projects; they decided to carry forward the project by December ’09. “We are indulging experienced CPAs and also hiring income tax employees who are updated with the present tax laws and can handle the reconciliation projects effectively.” as stated by the senior executive officer of …

In a recent interview, Peter Munk, founder and chairman of the world’s largest gold miner, Barrick Gold, said that even now he is no “gold bug”, reports the China Mineral Company. A mystical belief in the metal’s value is irrelevant when it quite clearly rises and falls like anything else, he says. “Is there anywhere …

Gold prices rose above $1,090 an ounce amid news  that European governments would agree to support heavily indebted Greece. Investors eyed the precious metal as a hedge against currency violations. Tad Brooks of the China Mineral Company cites Bruce Dunn, vice president of trading at New Jersey-based Auramet, reporting that gold was underpinned by the …

Paris-London-Singapore: Pricing Partners (www.pricingpartners.com), the independent valuation expert and a world leader in mathematical models and analytics for derivatives and structured products, announced that it has been selected as a strong growth company in the PM’UP contest. This contest rewards dynamic SMEs (Small Medium Enterprise) of the “Greater Paris” area that show growth perspective in …

European finance ministers are piling up the pressure on Greece to fully implement budget cuts in order to avoid having to deliver on its pledge to support Athens. Tortola Capital Ventures analysts report that European leaders released a statement on Thursday saying Greece had to do everything it could to reduce its budget gap of …

Fears in Japan of a “double-dip” recession were assuaged by preliminary numbers on Monday that showed an annualized growth rate of 4.6 percent in the final quarter. Economists nevertheless anticipate that the growth rate will slow this year, and that China will overtake Japan as the second largest economy. Analysts from Tortola Capital report that …

Consolidation seemed imminent for many mining companies in the Gansu Province. What began as small mining ventures who aimed to tap the regions vast reserves of gold and other precious metals have now caught the eye of larger companies seeking to capitalize on the established market. News sources inside the province state report that the …

Paris-London-Singapore: Pricing Partners (www.pricingpartners.com), the independent valuation expert and a world leader in mathematical models and analytics for derivatives and structured products, announced today to present its vision of the technology evolution to price independently structured products at the StructuredRetailProducts.com conference. This conference takes place at the Grange St Paul’s Hotel in London, on February …

Certain drivers of the gold price are long-established: U.S. dollar weakness, rising investment demand, producer de-hedging, and reduced central bank selling. Citigroup Global Markets analyst Alan Heap focuses on a different one: China. The China Mineral Company reports that Heap has labeled China the “most important source” of future demand growth in gold. Not all …

Precious metals recovered on Monday and recouped some of last weeks losses, as investors jumped at the opportunity to by metals at lower prices, reports the China Mineral Company. February gold rose $13.50, or 1.3%, to settle at $1,065.70 an ounce on the Comex division of the New York Mercantile Exchange. Gold’s price is still …