Raiffeisen Zentralbank Oesterreich AG (RZB), the majority owner of Raiffeisen Bank International AG seek permission from shareholders to fill the capital hole of 2.5 billion EUR. by selling new shares and other securities. RZB, whose shares are not tradable and are the property of 8 regional Austrian cooperative banks, the shareholders meeting scheduled for 28 December. The company plans to sell up to 3 million new shares in RZB (50% of existing shares) and sold shares to forbid right out loud. RZB, whose main asset is 79% of the third largest bank in Eastern Europe – Raiffeisen Bank International, needs additional capital to meet the new capital adequacy requirements of at least 9%, imposed by the banking regulator. On November 24th, Raiffeisen Bank announced that RZB together with work on 20 measures to fill the capital hole, so you do not need to seek state aid or to sell new shares in Raiffeisen Bank International. Measures include shrinkage of assets and allocation of profits.

The modern financial situation is really unstable, which allows for many small companies to start their business in advertising and online segment, in looking for getting some market stake. The online business is giving large opportunities, because internet has no borders and you offer your product to many companies worldwide. The online business can be started for less money that the traditional company and you can develop it really faster. The new developed tools are making this process faster and even cheaper. The google sniper is wordpress based tools, which is easy for use and automatically create your website and optimize it. You do not need to know much about databases, php, coding and etc. Just need to have idea and a little free time for realizing it. The google sniper tool is made on the base of automation. The all steps, when creating a website are turned into one simple tool, which is cheap and gives a lot of useful features. The online business is easy way to create store, advertising company or whatever. Your visitors and your readers will be from all over the world and the development of your business really do not have any borders. In the years of financial crisis, this is the only one sector, which has increases in sales and development, because people are searching for alternative sources of advertising, cheaper products and etc.

“A scary warning: Dacia could leave Romania”, said today the site of the Romanian television Realitatea. The French automobile company Renault, which owns the Romanian Dacia, may withdraw its business from Pitesti, if the car market to shrink. Morocco has more advantages in Romania, including lower labor costs and less logistic costs. Working hand in Morocco worth 18% less than in Romania. Renault will start production next year at its factory near the city of Tangier in Morocco – plant, which invested about one billion euros. Frenchmen already announced that they intend to make the African plant its most competitive enterprise in terms of cost. Renault wants to build there cheaper cars than in their factories in Romania and Turkey because of cheap labor. Moroccan officials’ salaries will not exceed 240 EUR per month, noted television. The factory in Morocco will start work in 2012, which created a slight concern among officials in Pitesti. The production of cars in Romania fell by 2.3% during the first ten months of this year, reaching 283,809 units, while production of passenger cars decreased in the same period by 2.5% to 261,450 units, indicating Realitatea.

The American Airlines wants to terminate lease contracts for 24 aircraft and engines to reduce costs after AMR Corp – Company-owned airline, filed for protection from creditors. AMR Corp said it has enough orders for new aircraft and the termination of the lease will allow it to accelerate fleet renewal. The documents for protection from creditors, the company has indicated that it has signed leases, primarily for aircraft McDonnell Douglas DC-9, as she expected much more significant demand for air transport.
“With the continuing decline of the economy and travel, however, these same aircraft and engines now have a much lower value compared to the market and are not necessary for the operations of the company”, said the owner of the airline. The documentation does not indicate how much would be saved from termination of leases. The airline has a fleet of 600 aircraft. According to the carrier for most of the equipment is not currently in use and stored in New Mexico.

During our life we need of money in the certain moment, to realize any dream, or just to pay our bills. In any case in this moment we need from a loan with big or small value. Of course everyone has different credit history and sometimes getting a loan is pretty hard job. Of course the persons with bad credit history are important market stake and the financial companies are not missing to invest in them and get this part from the market. The loans for bad credit are good way for the people to get credits for their needs in spite of their bad credit history. Of course as worse history you have, you will get a higher interest, so the repay of the loan will be harder. Such investment is risky for the financial institution, which is the main reason for the increased interest.
However even if you have good credit history, you may need to get money on time. Usually the banks are offering credits with good standards and interest rate, but their documents take really much time for approval and much more time for the money to be transfered. With payday loans this problem is solved, as the financial companies offer low interest loans at time for small of big amounts of money. The payday loans usually save you time, as you can order them from home or from work. Also they has certain APR, which is equals to the interest rate. Definitely payday loans are good way to get small amount of money for your certain costs and needs.

The French bank Societe Generale will cut employee bonuses and refused payment of dividends after serious losses due to write-off of 60% of the value of Greek government bonds totaling 239 million EUR. The net profit of the financial institution for the third quarter shrank 30.6 percent annually, reaching 622 million EUR, which did not meet analysts’ expectations. Operating profit for the third quarter shrank by 3.7% to 1.3 billion EUR. The second largest French bank said it will pay dividends for 2011 to improve its balance sheet.
“Give priority to strengthening the capital of the group”, said CEO of Societe Generale Frederic Udea. He added that staff bonuses will be reduced by “a significant decline in payments for achievements” in the division of corporate and investment banking. The unit retail performed well, however, as there is profit increased by nearly 15% through attracting new customers and increase mortgage lending. By the financial institution also indicated that during the quarter reduced their exposure to government bonds of troubled states of the Eurozone to 3.4 billion EUR, and sold bad assets for 10 billion EUR.
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Deutsche Bank AG, BNP Paribas SA and Goldman Sachs Group Inc. are among banks that will need to maintain higher capital adequacy provide plans of the G-20. The higher capital buffers in the amount of 1 to 2.5 percentage points. A total of 29 banks may need to meet higher requirements stated in the document prior to the Board for financial stability. The measure was approved by regulatory authorities in order to prevent possible failure of systematically important financial institutions. Systematically important banks need “higher capital requirements to reflect the cost of their eventual bankruptcy,” said Mario Drago, president of the European Central Bank (ECB). Nomura Holdings Inc. and Spain’s Banco Bilbao Vizcaya Argentaria SA are not included in the list of banks with higher capital requirements, while Lloyds Banking Group Plc E.
“The list is generally not a big surprise if you look at what are the 30 largest global banks”, said Henry Irving, director of the British Banking Association. “It is interesting that they find the name of Standard Chartered”, he said. “Surprisingly, that is not included and Nomura”. Among the state banks in rank list Goldman Sachs and JPMorgan, but not Morgan Stanley.
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Volkswagen will become the largest automaker in the world this year – seven years earlier than planned by management objectives. The German concert will claim first place in sales and production, since statistics showed tremendous growth throughout the world because of the problems of Toyota after the devastating earthquake in Japan. If you take the championship of the Japanese automaker, that would be a remarkable achievement for a German company that five years ago was almost written off due to high labor costs and infighting of Governors.
When in 2008 Martin Winterkorn,the CEO of VW, its aim, the company he managed to overtake Toyota by 2018, nobody took him seriously. Then the Germans sold 3 million cars less than Japanese competitors. According to Winterkorn during the first half of this year the Group sold a record 4 million cars. He predicts that by year-end sales can go up to 8 million cars. VW has managed to become a best-selling automaker in China – the largest car market in the world. In addition, this year the company managed to increase sales of difficulties European market by 8%. VW built the most successful platform for “sharing” of the various brands under the umbrella of the company, including Skoda, Seat, Audi and Bentley.
The expectations for leadership positions in VW is supported by several consulting firms – IHS Automotive, JD Power, PwC Autofacts.

The largest truck manufacturer MAN in Europe will invest 400 million euros in expanding its business in Latin America. In Brazil next year will start a new assembly line for trucks, said the concern on Friday. Furthermore, 2016 should be extended with new patterns product portfolio and cover new market segments. “This investment is a logical continuation of good business development in Brazil and rewarding commitment to market with great potential for growth”, said the CEO Georg Pahta-Reyhofen. From 2012, the Group will introduce now sold mainly in Europe and MAN marks in Latin America. To this end, Resende, where the company has about 7,000 employees will be put into operation a new assembly line for heavy trucks with a capacity of over 400 horsepower. So far, MAN trucks for sale in this area under the brand VW. The brand will be retained after the 2009 BMW hired thee back his business trucks in South America from Volkswagen. But now MAN again controlled by VW.

The ran into financial crisis, Swedish automaker Saab receives fresh contributions from China, which will pay the salaries of its employees and this will buy time against threatening bankruptcy. As the company itself announced in Trollhattan, China Youngman Automobile Company has provided “bridge financing” that Saab to pay the salaries of its 3,500 people, officials said. The company spokeswoman Gunilla Gustavs not specify the exact amount of the loan, but her money will arrive in Sweden at the latest at the end of next week. According to economic newspaper Dagens Industry amount was 100 million kronor (11 million EUR). Youngman, together with a large car dealer Pang Da, Saab promised as a future major shareholder in the long run to pump about 245 million EUR. Another two weeks ago Youngman promised to provide short-term 640 million kronor (70 million EUR), but the money never came to Sweden. On Thursday, Dagens Industri reported that the Chinese company has become more cautious since September Saab go into bankruptcy protection. The real reason for the hesitation of investors may be pressure from the Chinese government. It has already announced several times that will not allow new investments if the two Chinese companies do not receive rights and intellectual property.
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