Bailed-out Royal Bank of Scotland says investments improving with UK economy + MORE Sep 30th

LONDON – Inflation across the 18 countries that use the euro dipped further toward zero in September, official figures showed Tuesday, a move that’s likely to maintain pressure on the European Central Bank to back further stimulus measures.
In its first estimate, the EU’s statistics office, Eurostat, said consumer prices in the eurozone rose only 0.3 per cent in the year to September against the previous month’s 0.4 per cent.
The fall was widely anticipated in financial markets and was largely due to a hefty 2.4 per cent fall in energy prices.
But it leaves inflation at its lowest level since October 2009 and way below the ECB’s target of just below 2 per cent. That’s primarily why the ECB has cut its main interest rate to a record low of 0.05 per cent and unveiled programs to get bank credit flowing.
By shoring up economic activity with stimulus measures, the ECB hopes to keep inflation from remaining too low — a growing economy can drive up wages as unemployment falls and fuel inflation…

BANGKOK – Global stocks were mostly higher Tuesday after Wall Street declined and pro-democracy protests in Hong Kong, a major financial centre, added to political risk worries.
KEEPING SCORE: France’s CAC-40 rose 0.5 per cent to 9,380.11 and Germany’s Dax gained 0.1 per cent to 9,432.38. Wall Street looked poised to recover some of Monday’s losses, with futures for the Dow Jones industrial average and Standard & Poor’s 500 both up 0.1 per cent in pre-market trading.
ASIA’S DAY: Hong Kong’s Hang Seng Index tumbled 1.3 per cent to 22,932.98 points after protesters blocked streets in the business district. Tokyo’s Nikkei 225 fell 1.5 per cent but rebounded to end the day down 0.8 per cent at 16,173.52. China’s Shanghai Composite Index rose 0.3 per cent to 2,363.87 despite a report that September manufacturing growth stayed at August’s low level. India’s Sensex rose 0.8 per cent to 26,799.93. Sydney and Bangkok also rose while Singapore and Jakarta declined…

This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.

This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.

LONDON – Taxpayer-owned Royal Bank of Scotland says strong economic conditions are boosting its finances and that it expects to take a smaller hit from bad investments this year.
The bank, which was rescued by the British taxpayer during the 2008 financial crisis, issued an unscheduled trading update on Tuesday to report it would “significantly outperform” its previous guidance of 1 billion pounds ($1.6 billion) in impairment charges. It says it now expects to put aside only half a billion pounds for bad loans.
Rising property prices in Ireland have helped its Ulster Bank unit. RBS Capital Resolution, which contains toxic investments, has improved with the economy. RBS says uncertainties remain, however.
The bank is undergoing a sweeping restructuring to focus on its core business in the U.K.
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