gbaf1news

Bank of England / GfK NOP Inflation Attitudes Survey

Highlights from the survey

Question 1: Asked to give the current rate of inflation, respondents gave a median answer of 3.9%, compared with 3.6% in August.

Question 2a: Median expectations of the rate of inflation over the coming year were 3.9%, compared with 3.4% in August.

Question 2b*: Asked about expected inflation in the twelve months after that, respondents gave a median answer of 3.2%, compared with 2.9% in August.

gbaf1news

Spending remains sluggish across Australia

after contracting for ten consecutive months, spending across Australia remained slow in October, according to the latest Commonwealth Bank Business Sales Indicator (BSI) released today.

The BSI, which tracks the value of credit and debit card transactions processed through Commonwealth Bank point-of-sale terminals,

ing 2

ING posts 3Q underlying net profit of EUR 1,043 million

  • ing3Q underlying net result of EUR 1,043 million vs. EUR 727 million in 3Q2009 and EUR 1,202 million in 2Q2010
  • Net result of EUR 371 million impacted predominantly by goodwill write-down of EUR 513 million related to Insurance US
  • Net profit per share amounted to EUR 0.10; excluding goodwill write-down the net profit per share rose to EUR 0.23
dubai international 5

Standard Chartered Bank Launches First Islamic US Dollar Nostro Account

dubai-internationalStandard Chartered Bank today announced the launch of the first Islamic US Dollar nostro account in the United States. Islamic banks across the world will now be able to earn Shariah-compliant profits on their account balances at Standard Chartered Bank New York by using this facility.
The facility will operate on the Islamic finance principle of commodity Murabaha. Profits will be paid on a monthly basis.