FINANCE GOVERNMENT NEWS & INFORMATION
Monday, January 05, 2009
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LATEST FINANCE GOVERNMENT NEWS:

GE's finance arm launches $10 billion FDIC-backed debt
NEW YORK (Reuters) - General Electric Co's finance arm on Monday launched a $10 billion sale of FDIC-backed debt, the largest sale under the government guarantee program since its inception last November.

Govt to probe Nagarjuna Finance fraud on top priority basis
The government today said it was scrutinising on a "top priority" basis the alleged defrauding of depositors by Hyderabad-based Nagarjuna Finance and promised action against the guilty at the earliest.

British finance minister refuses to rule out new bank action
British finance minister Alistair Darling refused Sunday to rule out fresh government action to help struggling banks although he said it was "not your first port of call."

Monetary overhang from government borrowing to persist
ISLAMABAD (January 05 2009): Finance Ministry has conceded that monetary overhang from the unprecedented government borrowing from the State Bank of Pakistan (SBP) for budgetary support would continue to frustrate the decline in imported inflation.

China Government: House Prices Still Too High For Most People
"House prices have fallen somewhat...but are still not affordable for ordinary people," four government agencies said in a joint statement. "The key to revitalizing the real-estate market is to set reasonable prices," they said.

JA Solar Appoints New Finance Chief
JA Solar Appoints New Finance Chief

Home finance firms need Rs 40,000 crore
Twenty-one housing finance companies (HFCs) have assessed their fund requirements during the fourth quarter at around Rs 40,000 crore.