Finance minister rules out further rate hike

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The trick is to think positive and focus on successful personal finance decisions. By Trent Hamm ,Guest blogger / August 21, 2013 A woman takes a deposit box out of a compartment in the safe room of an Austrian bank in Vienna. Heinz-Peter Bader/Reuters/File Enlarge When Im writing articles for The Simple Dollar, Im always scouring my life forpositivepersonal finance stories to share. What things have I done that haveworkedfor me? What principles have I seen show up time and time again in my life?

Market Chatter-Corporate finance press digest

“FIIs have sought certain explanations, which the finance minister gave them,” Takru said, without elaborating on what issues were raised in the meeting. There had been concerns about a return to capital controls after the RBI last week announced curbs on outflows by local companies and residents in a bid to stem the rupee’s slide. On Thursday, Chidambaram said no capital control measures are planned. The finance minister also met chairmen of top banks, including State Bank of India’s Pratip Chaudhuri, ICICI Bank’s Chanda Kochchar, HDFC Bank’s Aditya Puri and Citigroup’s Pramit Jhaveri and encouraged the banks to raise non-resident deposits. “The meeting was mainly to seek ideas and suggestions on what can be done about capital inflows.

* German bank Hypo Real Estate (HRE) plans to start a bidding process in the next few weeks to sell its public finance specialist unit, Depfa, a person with knowledge of the matter told Reuters on Sunday. * BATS Global Markets Inc, the third-largest U.S. stock exchange, is in advanced talks to merge with smaller rival Direct Edge Holdings LLC, the Wall Street Journal reported on Friday, citing sources familiar with the matter. * Alibaba Group is planning a management structure that would allow its partners to nominate the board and retain control over decision-making after it goes public, the Hong Kong Economic Times (HKET) daily reported on Friday. * Goldman Sachs Group Inc put four senior technology specialists on administrative leave after a trading glitch that led to a flood of erroneous options trades, the Financial Times reported, citing people familiar with the situation.


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