India bridging digital divide with USOF

Earlier this month, India’s Ministry of Communications and Information Technology released its rural broadband subsidy plan to finance rural wireless broadband in India, and announced the start of the tender process.

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Agri loan rates steady

AFTER steadily rising about two per cent last year, average interest rates on loans to farmers have held almost unchanged for the past six months, despite some cheap deals emerging for mainstream business sector borrowers.

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Bridging tariff gap: Power sector paid Rs342bn subsidy

ISLAMABAD: The government provided subsidies worth Rs342 billion to the power sector against the total federal development spending of Rs280 billion in the outgoing fiscal year, the senate standing committee on Finance was told here on Thursday.

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Faroe Petroleum signs two new credit facilities

LONDON - Faroe Petroleum ’s shares surged after the North Sea-focused oil group said it has secured two new banking facilities that would provide substantial additional finance to support the company’s growth plans.

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European suicide rates pushed higher by financial crisis

LONDON - Suicides rates rose sharply in Europe in 2007 to 2009 as the financial crisis drove unemployment up and squeezed incomes, with the worst hit countries like Greece and Ireland seeing the most dramatic increases, researchers said on Friday.

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PNC Financial Stays Neutral

We have reiterated our Neutral recommendation on PNC Financial Services Group Inc.

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Principal Financial buys Origin Asset Mgmt stake

The Principal Financial Group on Thursday said its asset management unit is buying a 74 percent stake in Origin Asset Management LLP for $66 million.

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GE Energy Financial Services Expands Gas-Fired Lending Portfolio with $73 Million for LS Power Merchant Plants

Bolstering its lending portfolio of natural gas-fired power plants, GE unit GE Energy Financial Services announced today it is providing $73 million for three merchant generating facilities owned by an affiliate of LS Power in Illinois and Connecticut.

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Bank says most credit supply to stay steady in third quarter

LONDON - Banks expect to keep the supply of most lending constant over the next three months, and for a recent rise in businesses' credit demand to level off, the Bank of England said on ...

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Lloyds has most ‘risky’ home loans on its books

Lloyds Banking Group has the largest exposure to risky property loans in the UK, according to research by the Bank of England.

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