(The following statement was released by the rating agency) NEW YORK, October 31 (Fitch) The Financial Stability Board’s (FSB) proposed global minimums for collateral haircuts affecting noncentrally cleared repurchase agreement (repo) transactions could gradually increase central clearing for nonbank repos backed by riskier collateral types, according to Fitch Ratings…
Ex-International Monetary Fund head Dominique Strauss-Kahn’s new life in finance following his scandalous retreat from his bid for the French presidency isn’t working out so well. He left his role as chairman of the Luxembourg-based Leyne Strauss-Kahn & Partners on Oct. 20 for reasons that aren’t totally clear (officially “to dedicate himself to other activities”)…
PRAGUE, Oct 31 (Reuters) – Net profit at financial group PPF, owned by the richest Czech Petr Kellner, dropped 9 percent in the first half of the year, mainly due to a slowdown in Russia, the company said on Friday.
MOSCOW, Oct 31 (Reuters) – The cash reserves of Russia’s third-largest crude oil producer Surgutneftegaz climbed 27 percent to 1.3 trillion roubles ($30 billion) in the nine months to September, company data and Reuters calculations showed on Friday.
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