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LATEST FINANCE NEWS:

BIS Group Reports On Ratings Agencies, Structured Finance
LONDON -(Dow Jones)- A study group set up by the Bank for International Settlements has made a series of recommendations on the work of credit rating agencies in structured finance markets after assessing their roll in the recent credit market turmoil.

Amec finance chief departure deepens reform
Stuart Siddall is to step down as finance director of Amec , the restructured oil services company, after more than seven years in the role.

MCOT English News : Finance minister confident inflation won't hit double digits
BANGKOK, July 3 (TNA) – Finance and Deputy Prime Minister Surapong Suebwonglee on Wednesday again voiced confidence the country's inflation rate would not hit the double-digit level as many fear, as oil prices are unlikely to rise considerably from the current level.

Commission appeals Avanti Finance court ruling
The Commerce Commission is appealing a district court decision that Avanti Finance had been reasonable in its charges over early repayment of loans.

Kenya passes motion of no confidence against finance minister
The Kenyan parliament on Wednesday passed a motion of no confidence against Finance Minister Amos Kimunya over accusations of corruption in the sale of a luxury hotel.

Fitch Publishes SPICES Finance Limited Series 2005-2 Rating
Fitch publishes the rating of SPICES Finance Limited Series 2005-2 (SPICES) as follows:

PRESS RELEASE: Fitch Rates Leek Finance Number 20 Notes 'AAA'
Fitch Ratings-London-03 July 2008: Fitch Ratings has today assigned Leek Finance Number 20 plc's GBP1,489m mortgage-backed floating-rate note due 2039 a rating of 'AAA' with Stable Outlook.