LONDON, Jan 29- More than 1.5 trillion euros was spent on Visa cards in Europe last year, an annual increase of nine percent as more consumers switch from cash payments. Visa Europe is based in Britain and is owned and operated by member banks and other payment service providers from 37 countries. It said there were 37 billion transactions on its cards last year from...» Read More
Tax exemption for munis is under threat as Congress considers narrowing the U.S. budget deficit with spending cuts and new sources of revenue for the federal government. It also includes a local Tennessee official, the executive director of the National Association of Local Housing Finance Agencies and others.
India's benchmark 10- year bond yield. India's benchmark 5- year OIS rate flat at 6.96 percent. India's one-day cash rate at 8.05-8.10 percent versus its previous close of 8.00/ 8.05 as demand was largely stable in the first week of the two-week reporting cycle.
Oct 9- Peter Muller, the founder of Morgan Stanley's proprietary trading unit that is being spun off this year as a stand-alone hedge fund, has raised more than $500 million from Blackstone Group LP, Bloomberg reported.
Italian Prime Minister Mario Monti's government unexpectedly cut the lowest income tax rates ahead of next year's national election, promising to meet the budget goals it has agreed with the European Union. Italy's Treasury sells 3.0 billion euros 3- month BOTs maturing Jan. 14, 2013 and 8.0 billion euros 12- month BOTs maturing Oct. 14, 2013.
LONDON, Oct 10- Britain's financial watchdog said it was pressing ahead with a reform of how consumers are sold investment products from January, dashing industry hopes for last minute changes.
OSLO, Oct 10- Norway's registered unemployment rate is expected to stay unchanged at 2.5 percent until the end of 2014, the public Labour and Welfare Administration said on Wednesday.
DAILY INDICATORS Tuesday Previous Taka/US$ 81.30-81.34 81.32-81.35. Call money rate 08.00-08.50 04.00-09.50.
John Mica, R- Fla., chairman of the House Transportation and Infrastructure Committee, has accused Amtrak of "Soviet-style" inefficiency and held several hearings devoted to criticism of the railroad.
--Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, Oct 10- The job losses and cost-cutting at Australia's major iron ore producers show they are taking to heart the adage to never let a good crisis go to waste.
TOKYO-- China's central bank governor and finance minister won't be attending IMF and World Bank annual meetings in Tokyo this week, a Japanese official said Wednesday _ cancelations that come as the two Asian giants remain at odds over a cluster of tiny islands both claim.
MELBOURNE, Oct 10- Funds run by Goldman Sachs Group Inc agreed to swap debt for equity in CVC Capital Partners Ltd's Nine Entertainment as the beleaguered Australian television network scrambled to avoid going into receivership.
ULAN BATOR, Oct 10- Brow furrowed, eyes glaring and one foot striding forward, the bronze statue of Bolshevik revolutionary Vladimir Lenin at the heart of the Mongolian capital of Ulan Bator was once a potent symbol of the reach of the Soviet Union.
SINGAPORE, Oct 10- Shares of Thai Beverage PCL. Companies linked to Thai billionaire Charoen Sirivadhanabhakdi, including Thai Bev, own 33.5 percent of F&N and have launched an offer to buy all of the Singapore group.
SINGAPORE, Oct 10- Indian Oil Corp has sold a naphtha cargo for Oct. 25-27 lifting from Dahej port to Glencore at premiums of about $40 a tonne to its own price formula on a free-on-board basis, reflecting a firm naphtha market, traders said on Wednesday.
For highlights of International Monetary Fund seminars and speeches on Wednesday featuring global monetary policymakers, click on.
NAGOYA, Oct 10- Boeing Co is on course to achieve a difficult production target for its fuel-efficient 787 Dreamliner jets, an executive said on Wednesday, after the company fell behind its initial delivery schedule due to development delays. Boeing now makes three and a half of the new carbon-composite jets a month.
S Treasury Secretary Tim Geithner, Fed Chairman Ben Bernanke will visit Mumbai. *Prime Minister Manmohan Singh to speak at International Energy ministers meeting in New Delhi. *World Steel Association's 2- day annual conference in New Delhi.
*Nifty futures on the Singapore Exchange. *A government panel recommended in a draft report on Tuesday that India should scrap a law that taxes asset transfers retrospectively, a move that could save Britain's Vodafone $2 billion.