U.K. cuts all ties with Iranian banks

Written by Jennifer James on December 9, 2011 – 12:00 pm

 

The United Kingdom will cut off all ties to the Iranian banking system as Tehran continues to press forward with its nuclear plans. BritishChancellor of the Exchequer George Osborne has banned all Iranian banks, including the central bank.

“I have today taken action to impose further financial restrictions against Iran,” Osborne said. “We believe that the Iranian regime’s actions pose a significant threat to the U.K.’s national security and the international community. Today’s an

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Tags: Iranian, Ties Iranian
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Buy Silver…Now!

Written by Timothy Wood on December 7, 2011 – 10:28 pm

Silver is an amazing metalwhich is why it’s likely to soar over the coming years

You see, silver has more than 10,000 uses. It’s one of the world’s best conductors of heat and electricity. Inventors filed more patents on silver uses than any other precious metal in the world. And when silver is used for most industrial and technological purposes, it is used up forever It simply costs too much to try to recycle the tiny bit of silver from every cell phone or casino chip.

I’m not saying industry is going to use up all the world’s silver. That simply can’t happen. But scarcit

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Business Loan Costs Poised To Increase

Written by Jennifer James on December 1, 2011 – 10:15 pm

Despite business lending targets established by the government, more difficult lending conditions will lead the cost of credit to increase, reported small business funding source Interface Financial Group (IFG). The company operates in the UK and several other countries. Services include providing businesses with short-term financial resources like debtor, construction, and invoice factoring.

According to the Bank of England, the cost of credit for small businesses will increase during the remainder of this year. At the same time, the bank expects that demand for business loans will decline.

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Tags: Increase
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Polaris Chairman Addresses Central Bank of Seychelles’ Anniversary Lecture…A Thought Leadership Series in its 17th Year

Written by Rebecca Diaz on November 27, 2011 – 10:00 pm

Mr. Arun Jain, Chairman and CEO, Polaris Financial Technology Ltd. , a leading global financial technology company, addressed the 17th Anniversary Lecture at Central Bank of Seychelles as a guest speaker. Mr. Jain shared the dais with His Excellency, Mr. James Alix Michel, President of the Republic of Seychelles, Mr. Pierre Laporte, Governor, Central Bank of Seychelles and Mr. Benstrong, Chairman, Seychelles Bankers Association and Managing Director, Seychelles Savings Bank.

Addressing ministers, foreign dignitaries, bureaucrats, bankers, businessmen and academicians during the event and speaking on the theme of “Technological Innovations Driving Financial Services”, Mr. Read more…


Tags: 17th, Central Bank
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