India’s finance minister tries to stem panic

Morocco names new interim finance minister

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shri chidambaram india finance minister

A wealthy Moroccan businessman was named interim finance minister on Friday, as the ruling Islamist party pursues efforts to form a new coalition government after its main ally quit.AFP/File RABAT (AFP) A wealthy Moroccan businessman was named interim finance minister on Friday, as the ruling Islamist party pursues efforts to form a new coalition government after its main ally quit. Aziz Akhennouch, a technocrat in his 50s who headed the ministry of agriculture and fisheries in the two previous governments, was appointed to the key cabinet post, the official MAP news agency reported. He replaces Nizar Baraka, whose Istiqlal party withdrew from the ruling coalition in July after strongly criticising the Islamist Party of Justice and Development (PJD) for failing to shore up the economy and solve pressing social problems. Morocco’s government has been hamstrung since May when Istiqlal first announced its intention to withdraw from the PJD-led coalition, which won the largest share of votes in parliamentary elections two years ago.

Sand Hill Finance LLC Converts Remaining Balance of IceWEB, Inc. Convertible Debenture

Sand Hill Finance has been a great partner to us over the years, and their conversion of the debt at an above-market price is a reflection of their confidence in the direction of the Company, said Mark Lucky, Chief Financial Officer of IceWEB, Inc. “We are confident in IceWEB’s management team and believe in their vision for the company’s future,” said Sand Hill Finances President, Mark Cameron. “We believe now is the opportune time to convert our debt to equity, fully aligning our interests with the company and its shareholders.” For more information please call 800-465-4637 or visit http://www.iceweb.com . To become part of the Companys e-mail list for industry updates and press releases, please send an e-mail to ir@iceweb.com . This press release may containforward-looking statements.

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