The Press Release Resource

A new study by the UK’s leading discount website of more than 1,500 people has revealed that 51% of respondents think it’s feasible that branches of banks will cease to exist in 10 years time, with 31% claiming to bank predominately online. Latest research by the UK’s leading voucher code and discount website has suggested …

Major Pan-African Bank renews contract and selects Clear2Pay’s Open Payment Framework eBanking solution to enrich its multichannel strategy targeting business and now non-business clients. Paris, 11 May 2010 – Clear2Pay, the international technology provider of next generation payment solutions for financial institutions today announced that the BANK OF AFRICA (BOA) group, which is one of …

China’s economy has outpaced goals and expectations. 2010 Quarter 1 results show 11.9% growth compared with a year ago. The gross domestic product gained 1.2% in Q1, indicating significant growth. According to National Statistics Bureau spokesman Li Xiaochao: “The momentum of national economic recovery has further expanded, which has laid a good foundation for reaching …

Last Sunday Eurozone members offered a rescue package worth 45 billion Euros to Greece. This package was offered at below market interest rates and even though this could be a positive step in the right direction, it isn’t likely to be enough to solve the Greece’s problems in the long term. According to Martin Berone, …

The release of the first quarter figures came as a pleasant surprise to investors who are anticipating a better than expected earnings season. According to Mark Cambrea, VP of Finance at Rome Based Palatine Financial, “The strong results from Intel (INTC) are a good sign for investors. The Asian stock markets have responded positively to …

National Bank of Fujairah PSC (NBF) held its Annual Ordinary General Meeting today at Al Diar Siji Hotel in Fujairah. The shareholders considered and approved the Chairman’s report on the Bank’s activities and its consolidated financial statements for the year ended 31 December 2009. April 07, 2010 — The Bank posted a solid set of …

More good news for the Obama administration: the housing market, which had been week since the 2008 global financial crisis, showed a sign of strength in February, says the Palatine Financial investment team. Pending home sales had risen significantly according to a report released on Monday. Sales rose by about 8 percent, while most analysts …

For many years the global economy looked to American demand when it came to prices and preferences. Today, however, the world is witnessing a shift in the global economy, with consumers in emerging markets comprising a greater global market share than U.S. consumers, notes Martin Barone, CEO of Palatine Financial. Purchasing power patterns have shifted, …

An official from the United States Federal Reserve has announced that extremely low interest rates are still needed to promote the American economic recovery. However, the Fed may have to start raising rates in order to improve the nation’s unemployment rate, explained Mark Cambrea, VP of Finance at Palatine Financial in Rome. However, in the …

In an effort to offset losses due to millions of recalls in the past few months, the Japanese automaker has recently rolled out purchasing incentives. The Palatine Financial investment team report that these tactics have been working. A top Toyota executive reported that Toyota’s sales surged forty percent in March. These purchasing incentives, including zero …

Palatine Financial Investment experts are cautioning the investment team to investigate United States bond purchases carefully. US Government bond prices have dropped in response to sluggish economic recovery and mounting debt. To contrast, corporate bonds have become quite expensive in response to recent economic optimism. Analysts at Palatine Financial are counseling clients to wait before …

Over the first weekend in April, the Swedish car maker Volvo announced that the Chinese car maker Zhejiang Geely Holding Group had purchased Volvo cars from Ford. The deal, which cost about $1.8 billion, is the largest purchase made by a Chinese car manufacturer. However, Martin Barone, CEO of Palatine Financial, explained that this sale …

Lawmakers in Washington State are proposing an increased tax on beer to assuage their budget woes, reports the investment team at Palatine Financial. The tax would only apply to big beer companies, like Budweiser. Smaller microbreweries that operate as small businesses would be exempt. The idea is one of the first new revenue-raising ideas to …

The Central Bank in Australia has raised its interest rate for the fifth time since October, from four to 4.25 percent. This underlies Australia’s determination to reduce monetary stimulus on the growing economy, says Mark Cambrea, VP of finance at Palatine Financial. Australia’s Reserve bank continues to generate upbeat assessments of Australia’s outlook. In a …

Greece plans to unveil a multibillion dollar bond in the United States in order to find new investors as demand for Greek debt slows in Europe. For the first time, Greece plans to sell itself as an emerging market country. How can the struggling eurozone country fit in the emerging market mold? Palatine Financial analysts …

President Felipe Calderon has recently announced an agenda to ramp up punishments for companies operating as monopolies. The move is the latest in a sequence of more stringent anti-trust regulations in Mexico. Analysts at Palatine Financial report that Calderon’s goal is rooted in a move for increased market competition and investment. Calderon is now proposing …

The investment team at Palatine Financial reports that Peru’s government has signed contracts with international companies that are expected to invest into clean energy projects. The projects will revolve around wind, solar, and hydroelectric power stations. With its sunny and mountainous climate, Peru is an ideal location for these forms of clean energy. Martin Barone, …

The United States has been threatening to punish China with currency legislation in response to its belief that China is artificially keeping the value of the Yuan low. At the helm of this argument is the US Senate, who argues that the artificial value of the Yuan is hampering US growth. However, economists question this …

For many months, the booming Indian Economy has caught the eye of the Palatine Financial Investment team. Now, it seems as if India’s progress is too big to ignore. US Treasury Secretary Timothy Geithner met India’s prime minister in New Delhi this week in order to improve ties between the two countries. The United States …

United States interest rates rose last week in the bond market, responding to signs that point to economic recovery, reports analysts at Palatine Financial. Treasury yields have been rising due to weak demand and signs of economic growth. Yields will usually rise when the economy grows and improves because investors begin to take riskier investments …

Gasoline prices recently hit an 18-month high amid new reports showing improvement in the housing and services sectors. It also came during positive employment statistics, which contributed to the rising price. After months of trading in a range of $75 to $85, a recent rally driven by positive U.S. economic news means that oil may …

Samsung Electronics Co. forecasted on Tuesday a large surge in first quart profit to near-record levels. The Korean technology giant is the world’s biggest flat screen TV producer, computer memory chips, and LED liquid crystal displays, and will likely look to sales in these areas as the bastion of this surge. The investment team at …

The investment team at Palatine Financial reports that Apple sold more than 300,000 iPads on its opening day, citing the breaking news by Apple Inc. The strong sales of the device more or less met industry expectations. There are still significant barriers facing the device, however, says Martin Barone, CEO of Palatine Financial. The touch-screen …

On Wednesday, United States President Barack Obama announced plans to expand oil drilling off of the US Coast. This plan may ease gas prices and also create jobs, which is good news for the nation’s millions of unemployed people. However, environmentalists are worried about shore line damage. States that depend on tourism also worry that …

Trade Wall Street International Hiring Fixed Income Advisors. With clients in over 50 countries, TWSI has been quietly expanding in the United States.

HSBC is providing £120,000 in university bursaries to help four promising students realise their potential and make the most of their time at university.

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