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Blue Card Scheme still too cautious, EUROCHAMBRES says 20/11/2008 16:59 (13:21 minutes ago)
The FINANCIAL -- Following today’s vote by the European Parliament on the proposed Blue Card scheme, EUROCHAMBRES expresses its satisfaction with the fact that, for the first time, the EU is taking a common approach to the issue of legal economic migration.
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The FINANCIAL -- The European Bank for Reconstruction and Development is investing $5 million to acquire a 26.6 percent stake in Russia’s VYSO group to support its expansion within the country and allow it to develop new high-technology anti-corrosion services.
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The FINANCIAL -- Within the framework of supporting the Russian regions VTB has extended a RUB 1.5 billion loan to the Saratov Region Administration for a 12-month period. The allocated funds are approved by the Russian Finance Ministry.
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The FINANCIAL -- Plastic cards market is developing dynamically. The number of banking plastic cards issued by Georgian commercial banks in circulation by November 1, 2008 amounted to 3.5 million, 1.8 times more than the figure for the same date of 2007.
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The FINANCIAL -- Investors remain unconvinced that a spate of policy measures from governments and central banks can combat global recession, and are retaining defensive positions, according to Merrill Lynch's Survey of Fund Managers for November.
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The FINANCIAL -- In order to complete the wind-down of the Citi-advised Structured Investment Vehicles ("SIVs"), Citi announced on November 19 that, in a nearly cashless transaction, it has committed to acquire the remaining assets of the SIVs at their current fair value, estimated to be approximately $17.4 billion, net of cash, as compared to $21.5 billion at September 30, 2008.
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The FINANCIAL -- Nearly one third of Americans (29%) plan to seek out bargains more this year than they did last year when shopping for the holidays, according to a new survey released on November 20 by MasterCard Worldwide.
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The FINANCIAL -- Deutsche Bank's Private Wealth Management (PWM) division on November 20 announced the appointment of Tom Slocock as a managing director and Head of PWM UK, effective 1 March 2009.
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The FINANCIAL -- Deutsche Bank announces its appointment as Depositary Bank for the American Depositary Receipt (ADR) program of The GAME Group plc (GAME Group).
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