Tumblelog by Soup.io
Newer posts are loading.
You are at the newest post.
Click here to check if anything new just came in.

August 26 2013

sioclublours

Finance Minister meets with various youth groups

Minister of Finance Ahmed Galal (Photo from Centre for International Governance Innovation website) Egypts government will soon put forth an integrated plan to stimulate the economy and implement social justice while maintaining fiscal discipline, according to Finance Minister Ahmed Galal. These statements came during a press conference on Sunday night with a number of political youth groups, including Tamarod, April 6th and the Socialist Union, in addition to a number of liberal and Salafi parties. He stated that he would take into account all suggestions made during such meetings, while seeking to pursue Egypts economic interests and meet the aspirations of its citizens. He said the ministry currently had two choices as to how to proceed in terms of future fiscal and economic policy. The first choice would be to cut the budget and implement a series of austerity measures in order to reduce the countrys budget deficit and public debt rates.

Weil's View on Finance

Once the FMC comes into its fold, the Finance Ministry will take a call on whether to keep it as separate entity or make it a division of the capital market regulator, Securities and Exchange Board Of India (Sebi), sources said. Sebi is under the administrative control of the Finance Ministry. The consent of the consumer affairs ministry to take the FMC out of its purview came amid an escalation of a settlement crisis at the National Spot Exchange Limited (NSEL) after members defaulted on the first pay-out on August 20. Although the FMC regulates the commodity futures market, it was empowered on August 6 to oversee the settlement process at NSEL. Apprehensions intensify that members may default on payment again, as against the next scheduled pay-out of Rs 174.72 crore on August 27, only Rs 8.50 crore had been received as of Saturday.

Confessions of a Personal Finance Writer: I Don't Track Every Penny

More minimalistic. I feel irresponsible because two months ago I was double-billed for my internet service, and I just caught the mistake last week. Maybe if I tracked every penny in a notebook, that wouldnt have happened, says the little voice inside my head. Also, I realized that when I do follow frugal, minimalistic advice, it isnt because it saves money (although thats an added benefit). For instance, I like having a small, functional wardrobe, so I scrutinize clothing purchases.

Stage set for shifting FMC to Finance Ministry

From the Financial Times: Just $61bn in investment grade corporate debt has been raised so far in August, putting it on course to be the weakest month since 2008, according to data from Dealogic. In August last year, more than $121bn in new corporate debt was issued. Emerging markets are not part of Federal Reserves dual mandate Coordinate monetary policy with other countries? Fed officials say it isnt going to happen. You have to remember that we are a legal creature of Congress and that we only have a mandate to concern ourselves with the interest of the United States, says Dennis Lockhart, president of the Federal Reserve Bank of Atlanta.

sioclublours

Will finance 10% Anadarko stake buy via overseas mkt: OVL

Morocco names new interim finance minister

In June, the IMF said it had miscalculated the effect that cutting government spending would have on the Greek economy and that this had worsened the countrys deep recession, now in its sixth year. A new working paper released this week said gross domestic product forecast errors for Greece were due more to over-optimism on potential growth and less to do with misjudging the impact of spending cuts. The paper also blamed Greeces government in part for failing to implement changes in the structure of the economy more quickly and efficiently and added that political and social upheaval also undermined progress. Copyright 2013 The Associated Press.

Consumer Finance Company Coming Soon to Cleveland, OH

Like this story, share it with millions of investors on M3 Will finance 10% Anadarko stake buy via overseas mkt: OVL In an interview to CNBC-TV18, DK Sarraf, managing director, ONGC Videsh Limited says the company will deliberate between ONGC and OVL on the funding of the Anadarko deal, but will raise capital from the overseas market than fund it internally. Post your opinion here Like this story, share it with millions of investors on M3 Will finance 10% Anadarko stake buy via overseas mkt: OVL In an interview to CNBC-TV18, DK Sarraf, managing director, ONGC Videsh Limited says the company will deliberate between ONGC and OVL on the funding of the Anadarko deal, but will raise capital from the overseas market than fund it internally. Post your opinion here

Our family of brands includes TitleMax, TitleBucks, EquityAuto Loan, Auto Cash, TMX Credit and InstaLoan. There are over 1,200 stores in 14 states and the company continues to grow. In fact, TMX Finance has doubled in size over the past 5 years and plans to maintain that rate of growth for the next several years. TMX Finance is growing rapidly and we are always looking for talented individuals to join our team, said Lindsey Reed, Vice President of Talent Acquisition for TMX Finance.

Protesters from a coalition of groups demonstrate the conviction of Wikileaker Bradley Manning late August 21, 2013 in front of the White House in Washington, DC. A US military judge sentenced Army Pfc. Bradley Manning to 35 years in prison August 21, 2013 for leaking hundreds of thousands of classified documents to the anti-secrecy group WikiLeaks AFP PHOTO/Paul J. RichardsPAUL J. RICHARDS/AFP/Getty Images 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. Prime Minister Abdelilah Benkirane has been negotiating in recent weeks with the National Rally of Independents party, to which Akhennouch formerly belonged, to form a new cabinet and avoid early elections.

August 25 2013

sioclublours

German finance minister sees signs ECB will raise rates

12 Personal Finance Lessons, Broken Down, In Woody Allen's 'Blue Jasmine'

Credit: Reuters/John Kolesidis BERLIN | Fri Aug 23, 2013 2:50am EDT BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble said in a newspaper interview on Friday the European Central Bank (ECB) has made clear it will raise interest rates again once the economy improves and that he welcomed that prospect. "Low rates are above all an expression of insecurity on debt markets. That cannot last forever - even if it is a relief to the federal budget," he said. "The central bank has announced it will raise rates again when the economy improves.

As his wife, shes the lady who lunches, shops in designer boutiques, takes Pilates classes and raises funds for the Central Park Conservancy. She never even learns to use a computer. All of this leaves her completely unmarketable when she suddenly needs to earn a living. (See my post, Why Opt-Out Moms Cant Catch Up .) Her first job after things fall apart is in a shoe store where she winds up measuring the feet of women who she used to host at parties. While Jasmine drowns her sorrow in vodka and pills, Ginger helps her plot an alternative, though absurd, career path: take a computer course so she can get the skills she needs to take an online course to become a decorator.Meanwhile she gets a day job as a receptionist in the office of a nerdy dentist (Michael Stuhlbarg).

KKR Forms Maritime Finance Company

The current dislocation in the European banking sector has created a substantial funding gap in maritime asset financing. With Maritime Finance, we are capitalizing on an opportunity to fill an obvious void while at the same time aiming to provide compelling returns and attractive yields for our investors. According to AMA Capital Partners, over $220 billion of debt capital is required by the maritime sector through the end of 2014 and an enormous capital commitment is required to deliver the current maritime orderbook. Total offshore and shipping orderbooks are valued at $238 billion at cost and the lack of financing is impacting orderbook growth beyond 2016. This transaction is a perfect example of how KKR is delivering tailored solutions to clients through our capital markets and asset management platforms, said Craig Farr, CEO of KFN and Global Head of KKR Capital Markets.

sioclublours

Personal Finance: High-rate loans get scrutiny

Morocco names new interim finance minister

If you see an objectionable comment, click the "Report Abuse" link below it. We will delete comments containing inappropriate links, obscenities, hate speech, and personal attacks. Flagrant or repeat violators will be banned. See more about comments here. What You Should Know About Comments on Sacbee.com Sacbee.com is happy to provide a forum for reader interaction, discussion, feedback and reaction to our stories.

columnist mug buck He did not elaborate on the design of the products. Instead of interest, Islamic finance uses structures such as asset buy-backs and agency agreements to provide returns to investors. The RBI did not respond to a request for comment on Cheraman's case. But its decision appears to open the door to the possibility of more NBFCs offering Islamic non-interest products in future, even though full-fledged Islamic banks are expected to remain banned. RBI governor Duvvuri Subbarao, who will step down in September, has said Islamic banking is not possible in the country but sharia-compliant products could be delivered through alternative means.

India central bank allows non-bank Islamic finance firm

"The central bank has announced it will raise rates again when the economy improves. That is good." ECB chief Mario Draghi actually said after the last meeting on rates on August 1 that rates will remain low for some time. The ECB has based this 'forward guidance' on the inflation outlook remaining subdued, and growth weak. "The Governing Council confirms that it expects the key ECB rates to remain at present or lower levels for an extended period of time," Draghi said after the ECB's August 1 meeting.

German finance minister sees signs ECB will raise rates

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.

sioclublours

India's finance minister tries to stem panic

shri chidambaram india finance minister But the slide has been exacerbated by local factors, including a large current account deficit , which reflects the nation's tendency to import more than it exports and leaves it reliant on foreign capital. Chidambaram vowed to shrink India's current account deficit this fiscal year, bringing it down to $70 billion from $88 billion in 2012-2013. He reassured investors that "there was -- and is -- no intention to introduce any type of capital control", which could further choke off foreign investment. Google+ Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.

The Role of Finance May Be Changing, But the Route to the Top Remains the Same

Credit: Reuters/John Kolesidis BERLIN | Fri Aug 23, 2013 2:50am EDT BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble said in a newspaper interview on Friday the European Central Bank (ECB) has made clear it will raise interest rates again once the economy improves and that he welcomed that prospect. "Low rates are above all an expression of insecurity on debt markets. That cannot last forever - even if it is a relief to the federal budget," he said. "The central bank has announced it will raise rates again when the economy improves. That is good." ECB chief Mario Draghi actually said after the last meeting on rates on August 1 that rates will remain low for some time.

Wharton-Habitat Housing Finance Course at Asia-Pacific Housing Forum

Askaran K. Agarwala, Director, Aditya Birla Group; Vikram Gandhi, Founder/CEO of VSG Capital Advisors; Kevin Lim, CEO of First Finance; Suresh K. Krishna, MD of Grameen Koota; Sohail Hasnie, Principal Energy Specialist, SE Asia Department of the Asian Development Bank; Dr. Liu Thai Ker, former CEO of Housing Development Board Singapore and Advisory Board Chairman of Center for Liveable Cities; Hassan Ahmad, CEO of Mercy Relief; Graham Saunders, Head of Shelter and Settlements at the International Federation of Red Cross and Red Crescent Societies; Dr. Mohamed El Sioufi, Coordinator, Housing and Slum Upgrading, UN-Habitat, Nairobi; Richard Northcote, Head of Communications, Public Affairs and Sustainability of Bayer MaterialScience; and Efren Penaflorida, 2009 CNN Hero of the Year.

German finance minister sees signs ECB will raise rates

However, the available evidence suggests that if anything the reverse has happened, (see table). While 80% of FTSE Financial Directors continue to hold one or more accounting qualifications (and many of those that dont have an MBA or some other higher qualification typically relevant to their industry), it is evident that most still hold a qualification from one of the two bodies that are more orientated towards financial accounting rather than those that are more focused on management accounting. Despite the increasing focus on value creation, my guess is this is never going to change much even over the next twenty years because listed companies always need a head of finance who can tick all the traditional boxes of financing, M&A, compliance, reporting, taxation and investor relations. Such experience is undoubtedly best gained by spending part of ones career in an advisory role in one of the big accounting groups rather than diligently working away inside companies as a value-adding partner to ones peers, only to hit a glass ceiling when it comes to getting the senior position.

August 24 2013

sioclublours

India's finance minister tries to stem panic

shri chidambaram india finance minister He reassured investors that "there was -- and is -- no intention to introduce any type of capital control", which could further choke off foreign investment. Google+ Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR.

German finance minister sees signs ECB will raise rates

Credit: Reuters/John Kolesidis BERLIN | Fri Aug 23, 2013 2:50am EDT BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble said in a newspaper interview on Friday the European Central Bank (ECB) has made clear it will raise interest rates again once the economy improves and that he welcomed that prospect. "Low rates are above all an expression of insecurity on debt markets. That cannot last forever - even if it is a relief to the federal budget," he said. "The central bank has announced it will raise rates again when the economy improves.

Wharton-Habitat Housing Finance Course at Asia-Pacific Housing Forum

The media partners of the event are ABS-CBN News Channel, AsianNGO, Channel NewsAsia, Philippine Daily Inquirer, and Rappler Inc. Registration for the Forum is at www.aphousingforum.org . About Habitat for Humanity International Habitat for Humanity International is a global nonprofit Christian housing organization that brings people together to build homes, communities and hope. Since 1976, Habitat has served more than 600,000 families by building and improving homes; by advocating for fair and just housing policies; and by providing training and access to resources to help families improve their shelter conditions.

The Finance Co. To Recover Sussex College Investment

So when you work in a company and you leave do you take the ownership of your previous employer with you? This is laughable if it was not so ironic. Now he wants to take 20 years to pay back. Does he want the public to fund Sussex? As it is he is already occupying land that is most certainly within the ownership of TFC.

sioclublours

What A-Rod's Suspension Can Teach You About Personal Finance

Morocco names new interim finance minister

Clearly, some people never learn, but ordinary Americans in less glamorous jobs can learn some valuable lessons from the downfall of A-Rod and other baseball stars. Even if you arent a professional athlete, and even if you dont put anything into your body more exotic than the occasional rum-and-coke, here are four personal finance lessons you can take from baseballs PED scandal: 1. Dont overreach for success What surprises many baseball fans about high-profile PED cheaters like A-Rod and Barry Bonds before him is that they were clearly on their way to Hall-of-Fame careers before they started bulking up on illegal substances. These are people who felt their exceptional natural abilities werent enough, so they overreached for success.

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.

sioclublours

German finance minister says future aid to Greece will be 'much smaller'

Finance is the Biggest Sector Once Again - Real Time Insight

Art Basel gathers works from around the world for its annual shows. Photo Jaume Plensa's "Tel Aviv Man" at Art Basel, the worlds premier trade fair for leading galleries and collectors focused on modern and contemporary art. - [/] Photo The front of the Art Basel building. This years show attracted 303 of the worlds top galleries from 36 countries, showing the works of more than 2,500 artists. It drew more than 62,000 visitors, a new record.

Finance Ministry seeks cabinet nod for stuck infra projects

These two charts will tell you pretty much everything you need to know: (Improving credit quality is a good thing, but as a bank, I'd rather have strong loan growth and net interest margin expansion boosting my bottom line than simply taking a lower provision for loan losses... but I digress.) Mr. Mian also points out in his article that the Finance sector has reclaimed its leadership role in the S&P 500, as it now contributes a higher percentage of earnings than any other sector for the first time since the financial crisis. Finance is expected to account for 19.2% of total S&P 500 earnings in 2013 compared to Technology's 18%.

Wolfgang schaeuble euro summit We believe that once these projects get on track, the NPAs (non-performing assets) will also come down accordingly," the official said. Bank credit grew 16.6% in August compared with the growth in the same month last year, according to Reserve Bank of India data. After his review meeting with bankers last month, Finance Minister P Chidambaram had said that his ministry's first target was to cover 30-40 projects, which just needed a little push or one last clearance before they could take off. "We will give these - what we call low-hanging fruits among the 250 private sector projects - a push, so that they can get off the ground," he had said.

August 22 2013

sioclublours

Atlas Air, Gilead Sciences and NYC Finance Department Named Pinnacle Award Finalists for Treasury Excellence

Nigeria's Struggle for Islamic Finance

Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page . Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes.

He added: "The traditional approach to tackling poverty housing by simply building more homes is one dimensional and limiting. Solving the problem requires addressing affordability of housing finance, climate change and disaster resiliency, land rights inequality, infrastructure planning, basic services provision, sustainable livelihoods, and adoption of green solutions. These are touch points that will be up for discussion at the forum." Among the confirmed participants are key policy makers, business titans, and thought leaders from humanitarian agencies and research institutions. They include Jejomar Binay, Philippine Vice President; Alicia Bala, Deputy Secretary of ASEAN; Senator Loren Legarda, member of Philippine Senate; Henry Cisneros, former US Housing Secretary and Founder/Chairman of CityView; Nestor Espenilla, Deputy Governor, Bangko Sentral ng Pilipinas; Mr.

Wharton-Habitat Housing Finance Course at Asia-Pacific Housing Forum

Nigerian regulatory bodies have introduced a slew of new regulations over the past few months intended to transform the country into a hub for Islamic finance. However, regulations have rather impeded progress as the very limited range of products and services to date are offered by only two institutions. The Islamic finance industry represents a huge opportunity for Nigeria, having spread to over 50 countries and worth an estimated $1trn annually, according to Moody's. Despite the industry's aversion to paying interest, there is room for the market to grow in Nigeria.

sioclublours

Finance is the Biggest Sector Once Again - Real Time Insight

These two charts will tell you pretty much everything you need to know: (Improving credit quality is a good thing, but as a bank, I'd rather have strong loan growth and net interest margin expansion boosting my bottom line than simply taking a lower provision for loan losses... but I digress.) Mr. Mian also points out in his article that the Finance sector has reclaimed its leadership role in the S&P 500, as it now contributes a higher percentage of earnings than any other sector for the first time since the financial crisis. Finance is expected to account for 19.2% of total S&P 500 earnings in 2013 compared to Technology's 18%. So does the lack of earnings growth outside of Finance concern you?

German Finance Ministry: No Need for New Financial Decisions on Greece

Invalid entry: Please type the verification code again. August 21, 2013, 8:29 a.m. ET German Finance Ministry: No Need for New Financial Decisions on Greece Text By Harriet Torry BERLIN--Germany's Finance Ministry said Wednesday there is no need to examine Greece's financial position at this time, a day after Finance Minister Wolfgang Schaeuble admitted that Athens will need a third bailout package to save it from bankruptcy. "In mid-2014 we will have to look at where we stand...[and see] if there is further need to support Greece," said Martin Kotthaus, spokesman for Mr.

Accounting Principals Identifies Top Cities for Finance Professionals

The list was determined by the overall economic environment in cities across the United States as well as internal data from Accounting Principals branches, taking into account the volume of job openings in the past six months. Although some of the cities have been featured on the list in previous years, it is simply indicative of constant opportunities in certain areas of the region. Chicago and New York (including Long Island), for example, are extremely large cities offering a great deal of jobs. From small businesses to Fortune 500 companies, opportunities are booming in similar industries in both areas, including the non-profit, healthcare, financial services and insurance sectors.

August 21 2013

sioclublours

German Finance Chief: Greece Will Need Another Bailout

Finance minister promises casino answers by Monday

Get the latest Flash player . Gay Rights Roil Former Soviet Georgia Gay Rights Roil Former Soviet Georgia Gay rights have spread in the West, but a backlash is taking hold in the former Soviet Union. Russias new ban on gay propaganda is sparking Western calls for boycotts of Russian products and events. In Georgia, the Georgian Orthodox Church led thousands of the faithful to block a gay rights rally last May here in Tbilisi, the nations capital. VOA's James Brooke report from Tbilisi, Georgia.

India central bank allows non-bank Islamic finance firm

Having two casinos instead of the single one the provincial Ontario Lottery and Gaming Corp. wants a private operator to build here could both save the Rideau Carleton Raceway, whose proprietors say it would close if it isnat subsidized by the rent from the OLG slot machines it now hosts, and placate Ottawa Senators owner Eugene Melnyk, who wants to bid for a new casino near his Canadian Tire Centre in Kanata. Watson had an inconclusive telephone chat with Premier Kathleen Wynne last week. But now, says one of his senior advisers, Watsonas followed up with a face-to-face session with Finance Minister Charles Sousa, whoas in charge of the gambling agency.

Download mobile app for your iPhone or iPad. Islamic equity and venture capital products have attracted little demand in India and NBFCs could face the same fate, said Nisar. "NBFC business overall has been declining over the years." The RBI issued guidelines for NBFCs in June, cracking down on debt issuance by an industry that relies heavily on capital markets to fund its business but has faced less regulatory oversight than banks. According to central bank data, credit extended to NBFCs increased by 1.9 percent from a year earlier in June, compared with an increase of 43.9 percent in June last year. There are over 12,000 registered NBFCs in India.

sioclublours

Maharashtra finance department launches austerity drive

KKR Forms Maritime Finance Company

All proposals should be scrutinized carefully and presented to the finance minister only in exceptional cases," it added. Maharashtra's debt burden on March 31, 2013 was Rs 2.46 lakh crore. It is estimated to balloon to Rs 2.7 lakh crore by March 31, 2014. The letter urged all departments to wake up to financial realities and recognize that the state has limited resources. It exhorted departments to undertake cost-cutting exercises to maintain fiscal balance.

Introducing ?Government Finance Quasi-Capitalism?

The plunging Indian rupee hit another record low against the dollar yesterday, and recently became the third major currency to lose 12% or more of its value this year, writes Maxwell Murphy. As the WSJ notes, the Feds plan to taper off its bond-buying program is exposing the fragility of Indias economy and underscoring the risks to emerging markets at a time of rising global interest rates. At least 17 U.S. companies mentioned the effects of the currency swings on their financial resultsboth positive and negativein their most recent quarterly earnings calls, Murphy says, including Cummins, Cognizant Technology Solutions, Starwood Hotels & Resorts and Manitowoc. For companies with factories and customer-service call centers in India, continued weakness should have a tonic effect on results as their overhead costs become lower when converted into dollars.

Led by former Helios Advisors partners Kristan Bodden and Gabriel Tolchinsky, Maritime Finance is an asset-based lender focused on maritime assets in the offshore oil field services and traditional shipping sectors. The Company will originate, structure, underwrite, invest in and distribute debt financings secured by high-quality maritime assets, including drilling rigs, development and production assets, subsea construction vessels and other traditional shipping assets. Maritime Finance will initially be capitalized with $580 million of equity, over 45% of which has been provided by KKR, including through its balance sheet, KKR Financial Holdings LLC /quotes/zigman/464576/quotes/nls/kfn KFN +3.57% and MerchCap Solutions ("MCS"), KKR's recently established mid-market focused merchant banking venture with CPPIB and Stone Point Capital. The balance of the capital was arranged by MCS and included participation from various family offices, mutual funds, hedge funds and specialist financial services investors. Proceeds will be used by the Company to fund its establishment and operation, provide capital for newly originated maritime financings and potentially acquire a seed portfolio of outstanding loans.

The Morning Ledger: Ex-Finance Official?s Job Switch Makes Waves in Delaware

Im here with a sense of humility. After all, Im again relegated to wearing the proverbial dunce cap, as I persevere through my third major bull market, new era and new paradigm. The great American economist Hyman Minsky is best known for stability is destabilizing and the Financial Instability Hypothesis the evolution of finance from hedge finance to speculative finance and finally to highly unstable Ponzi finance. Minsky delineated the Stages of Development of Capitalist Finance: In both Keynes and Schumpeter the in-place financial structure is a central determinant of the behaviour of a capitalist economy. But among the players in financial markets are entrepreneurial profit-seekers who innovate. As a result these markets evolve in response to profit opportunities which emerge as the productive apparatus changes.

August 20 2013

sioclublours

Northstar Realty Finance's Series D Preferred Stock Shares Cross 9% Yield Mark

NRF.PRD+Dividend+History+Chart This compares to an average yield of 7.26% in the Real Estate preferred stock category, according to Preferred Stock Channel . As of last close, NRF.PRD was trading at a 4.04% discount to its liquidation preference amount, versus the average discount of 4.20% in the Real Estate category. Click here to find out the 50 highest yielding preferreds, at PreferredStockChannel.com The chart below shows the one year performance of NRF.PRD shares, versus NRF: Below is a dividend history chart for NRF.PRD, showing historical dividend payments on Northstar Realty Finance Corps 8.500% Series D Cumulative Redeemable Preferred Stock:

Introducing ?Government Finance Quasi-Capitalism?

As Europe's biggest economy, Germany takes the biggest share of bailouts which are unpopular with taxpayers. Merkel, whose soaring popularity is due in part to the hard line she has taken during the euro zone crisis and her focus on austerity, again tried to quash speculation about Greece in an interview with the Ruhr Nachrichten newspaper on Tuesday. "No, I don't expect a new haircut for Greece. We are moving ahead step for step. There is no question that a lot has to change in Greece.

Greece will need third aid deal: German finance minister

Im here with a sense of humility. After all, Im again relegated to wearing the proverbial dunce cap, as I persevere through my third major bull market, new era and new paradigm. The great American economist Hyman Minsky is best known for stability is destabilizing and the Financial Instability Hypothesis the evolution of finance from hedge finance to speculative finance and finally to highly unstable Ponzi finance. Minsky delineated the Stages of Development of Capitalist Finance: In both Keynes and Schumpeter the in-place financial structure is a central determinant of the behaviour of a capitalist economy. But among the players in financial markets are entrepreneurial profit-seekers who innovate. As a result these markets evolve in response to profit opportunities which emerge as the productive apparatus changes.

sioclublours

Fate of Polish finance minister not known until November: deputy PM

Won't seek credit line from IMF, says Finance Ministry

Won Sources told Reuters on Friday Tusk was planning to dismiss Finance Minister Jacek Rostowski as part of a major cabinet reshuffle planned in a few months' time to help rebuild the flagging support for the ruling Civic Platform party. "In my opinion, whether Minister Rostowski will remain in the government will be decided in November at the earliest," Piechocinski told public radio. State television broadcaster TVP quoted a government spokesman as saying reports of Rostowski's departure were mere speculation and no decisions about individual ministers would be made until the middle of the government's four-year term, which started in November 2011. Rostowski has been Poland's finance minister for six years, making him the country's longest-standing finance chief since the end of Communism in 1989.

You have to take steps from the position of strength to send a strong signal to the markets," Kumar told ET. The argument in favour of an IMF credit line is mainly because of two reasons. One, India had foreign currency reserves of $251 billion on August 9, which are enough to support about six months of import. Two, at the end of March, the country had $172 billion of external debt that has to be repaid within the current year, presenting a significant risk of its rollover and refinancing. But some economists completely disagree with this view.

Personal Finance: Caution pays off in stocking up for school

For families, it also means that if the kids aren't already back in school, they'll be heading to class in just a few weeks. And that means shelling out lots of dollars on everything from new socks 'n' sneakers, to new backpacks and paper pads. This year, the average U.S. family with K-12 kids will spend $634.78 on apparel, shoes, supplies and electronics, according to an annual back-to-school survey by the National Retail Federation. That's about $54 less than in 2012, which was a banner year for school spending, coming out of the recession.

sioclublours

Finance Minister takes stock of economic situation as rupee slips below 62 mark

Former Dallas County Constable admits falsifying campaign finance records in plea deal for deferred adjudication probation

"It was a performance assessment and way forward," a source said. The Minister would be meeting the Department of Economic Affairs tomorrow. To restrict the outflow of foreign currency, the RBI had on August 14 announced stern measures, including curbs on Indian firms investing abroad and on outward remittances by resident Indians. The central bank reduced the limit for overseas direct investment (ODI) by domestic companies, other than oil PSUs, under the automatic route from 400 per cent of net worth to 100 per cent. Higher levels of ODI would now need prior approval from RBI.

Kaushik Basu trashes talk of approaching IMF for a loan to rescue Indian economy. (Reuters) If Cortes does not, he could face jail time. Cortes, who resigned from office, was originally charged with felony tampering with a government records. Cortes worked out a plea deal with special prosecutors Ted Steinke and Marquette Wolf that includes surrendering his peace office license. The charge relates to not reporting or misreporting donations through a raffle where Cortes deputies were required to sell 50 tickets for $5 each.

August 19 2013

sioclublours

Northstar Realty Finance's Series D Preferred Stock Shares Cross 9% Yield Mark

NRF.PRD+Dividend+History+Chart This compares to an average yield of 7.26% in the Real Estate preferred stock category, according to Preferred Stock Channel . As of last close, NRF.PRD was trading at a 4.04% discount to its liquidation preference amount, versus the average discount of 4.20% in the Real Estate category. Click here to find out the 50 highest yielding preferreds, at PreferredStockChannel.com The chart below shows the one year performance of NRF.PRD shares, versus NRF: Below is a dividend history chart for NRF.PRD, showing historical dividend payments on Northstar Realty Finance Corps 8.500% Series D Cumulative Redeemable Preferred Stock:

Consumer Finance Company Coming Soon to Austintown, OH

Tusk's ruling Civic Platform party has been losing support because of the economic downturn. No decision has yet been made about who would replace Rostowski. Janusz Lewandowski, currently an EU budget commissioner, has been mulled for the post but two of the sources said he had told them that he was not interested. Jan Krzystof Bielecki, former primer minister and currently Tusk's chief economic adviser, and Dariusz Rosati, the chairman of the parliament's public finance committee, have also been named as possible replacements. "It will have to be someone with a friendly face, unassociated with the government's recent policy troubles or controversies.

Polish PM plans to replace Finance Minister Rostowski within months: sources

Our family of brands includes TitleMax, TitleBucks, EquityAuto Loan, Auto Cash, TMX Credit and InstaLoan. There are over 1,200 stores in 14 states and the company continues to grow. In fact, TMX Finance has doubled in size over the past 5 years and plans to maintain that rate of growth for the next several years. TMX Finance is hiring the Austintown area, said Lindsey Reed, Vice President of Talent Acquisition for TMX Finance. We are interested in meeting with outgoing individuals to help expand our team. Position Descriptions and Qualifications: General Manager: A general manager is responsible for overseeing and managing the stores day to day operations and performance.

sioclublours

Barclays Finance Chief Resigns Earlier on Health Reasons

Barclays CFO Chris Lucas 15, when Tushar Morzaria, 44, will take over the post . Whilst I am saddened that his health has forced this decision on him sooner than either of us would have wished, I respect his decision and wish him well in the future, Barclays Chairman David Walker said in the statement. He has successfully navigated Barclayss finances through one of the most difficult periods in its history. Lucas, the last of former Chief Executive Officer Robert Diamond s senior managers to depart, is leaving ahead of a planned 5.8 billion-pound ($9 billion) rights offering, which stands to be the biggest by a U.K. bank since Lloyds Banking Group Plc (LLOY) s 13.5 billion-pound sale in 2009. CEO Antony Jenkins , 52, is selling the shares after financial regulators identified a 12.8 billion-pound capital hole at the bank.

Polish PM plans to replace Finance Minister Rostowski within months: sources

Rostowski has been Poland's finance minister for six years, making him the country's longest-standing finance chief since the end of Communism in 1989. He has helped Poland become the European Union's sole member to avoid recession following the financial crisis. Markets have praised Rostowski, born in Britain to Polish exile parents, for the fiscal discipline he has enforced. But the slowdown, which saw the economy flirt with contraction at the turn of the year, proved deeper than Rostowski had anticipated, forcing him in July to raise the deficit and cut public spending. Tusk's ruling Civic Platform party has been losing support because of the economic downturn.

sioclublours

Councilwoman Melissa Mark-Viverito lands bonanza payout from city Campaign Finance board

Ethica Launches Master Class Series to Teach AAOIFI's Islamic Finance Standards

He has successfully navigated Barclayss finances through one of the most difficult periods in its history. Lucas, the last of former Chief Executive Officer Robert Diamond s senior managers to depart, is leaving ahead of a planned 5.8 billion-pound ($9 billion) rights offering, which stands to be the biggest by a U.K. bank since Lloyds Banking Group Plc (LLOY) s 13.5 billion-pound sale in 2009. CEO Antony Jenkins , 52, is selling the shares after financial regulators identified a 12.8 billion-pound capital hole at the bank. Unhelpful Timing Its unhelpful timing for Barclays, said Ian Gordon , an analyst at Investec Plc (INVP) in London , who has a buy recommendation on the shares.

Korea Finance?s Biggest Dollar Bonds in a Year Rise in Trading

Though we agree that Melissa is the candidate most likely to win this race ... the suggestion that she should take her opponents lightly and not fully compete in the Citys campaign finance system is disrespectful to our opponents, wrote a Mark-Viverito campaign spokesman in an email statement. Still, she is the clear front runner in her district, which includes East Harlem along with pockets of the South Bronx and the upper East Side. The fiesty pol has raised more than $123,000 in private donations, records showed, nearly quadruple the amount in her rivals accounts. The Rev.

Model Marlena becomes a living, breathing work of art thanks to Andy Golubs, who featured her in his new book, ?Only in New York.? Learning AAOIFI standards from a practitioner who has years of experience of actually working inside an Islamic financial institution gives one an immense advantage over untrained and uncertified peers. Competition for the fewer jobs available in the current Islamic finance market means that we are seeing more professionals turn to institutes for practical knowledge, certification, and career advancement." The Dubai-based institute's clients include large institutions like Mashreq Bank which trained 1,000 employees using Ethica, Abu Dhabi Islamic Bank, and La Trobe University. Only 30 individuals will be permitted to enter into the launch of this highly exclusive master class series. "We want online attendees to have a highly interactive relationship with the trainer. Spots are limited to only 30.

Barclays CFO Chris Lucas The Markit iTraxx Asia index of 40 investment-grade borrowers outside Japan climbed 5 basis points to 142 basis points as of 8:26 a.m. in Singapore, Australia & New Zealand Banking Group Ltd. (ANZ) prices show. The measure is on track for its highest close since Aug.

August 17 2013

sioclublours

Marissa Mayer, Please Don't Screw Up Yahoo! Finance

Home Finance of America - Lowest 15 Year Mortgage Rates

Finance app needs a major overhaul, and I'm glad if Mayer is going to tackle this as her next job. However, the desktop site is pretty good as it is. It could use a little tweaking, but please no major overhaul. When Yahoo! acquired Tumblr earlier this year, Mayer promised "not to screw it up," and I would hope that Yahoo!

In fact, TMX Finance has doubled in size over the past 5 years and plans to maintain that rate of growth for the next several years. TMX Finance is hiring the Austintown area, said Lindsey Reed, Vice President of Talent Acquisition for TMX Finance. We are interested in meeting with outgoing individuals to help expand our team. Position Descriptions and Qualifications: General Manager: A general manager is responsible for overseeing and managing the stores day to day operations and performance. This individual should encourage store growth and increase profitability through the management of customer relations, operating costs, sales and collections. Qualified candidates must be at least 19 years of age, have a valid drivers license and car insurance, and pass a credit and criminal background check to include a driving history report, also referred to as an MVR.

Consumer Finance Company Coming Soon to Austintown, OH

Plymouth Meeting, PA (PRWEB) August 14, 2013 Home Finance of America , Inc., an industry leader in online mortgage banking is offering below market 10 and 15 year fixed rate mortgage programs. As of Wednesday, August 14, 2013 Home Finance of America is offering qualified borrowers purchasing or refinancing a primary or second home a 15 year fixed rate mortgage at 3.250% (APR 3.459%) with no origination points and low closing costs. A $165,000 15 year fixed rate mortgage at this interest rate and APR results in a fixed monthly principal and interest payment of only $1,159.40. Market analyst at Home Finance of America are reporting a higher percentage of refinances to short term mortgages such as 10 and 15 year fixed rate programs in lieu of a traditional 30 year fixed rate loan.

sioclublours

Do Behavioral Finance and Impact Investment Make Good Bedfellows?

United Asia Finance May Seek Hong Kong IPO If Valuations Improve

It seems unlikely. Demand for gold is price inelastic because of tradition that endows it with an exaggerated and perhaps irrational value as a hedge against the uncertain times we live in. Fuel, that other debilitating burden on the current account, is also price inelastic because public policy has not been able to crank up domestic output enough to let us believe that the Finance Ministers efforts at reducing imports will succeed. Equally, its demand is also insensitive to price hikes because of the ease with which escalations can be passed on to the consumer. The poor do not matter, the rich dont care and like them the middle classes are in love with the automobile.

Barclays CFO Chris Lucas The profit seekers of Goldman Sachs, and so on, are pretty sharp. If theres something that could make them money, they dont care if its socially responsiblethat would be nicebut they couldnt care less. The idea that there are some investments out there that are really profitable and that only the social impact people can see them is being unrealistic. NW: Were talking a lot about the alpha-seekers diluting impact investing. What do you think about the idea that they are necessary to attract retail investors and capital?

Morzaria, the executive hired last month from JPMorgan Chase & Co., will join the board on Oct. 15, Barclays said. Lucas, who had initially planned to retire in February, cited his health as a key factor behind his decision. I want to do the right thing by Barclays, my family, and myself, and therefore I have reached the difficult decision to step down sooner, Lucas said in the statement. I feel confident that I leave Barclays financially robust and well placed to continue to serve its customers, clients, shareholders and other stakeholders. Lucas was among four past and present employees to be probed by regulators over whether Barclays adequately disclosed fees paid to the Qatar Investment Authority as part of a 7 billion-pound fundraising during the financial crisis, a move that helped the lender avoid taking government money.

Consumer Finance Company Coming Soon to Austintown, OH

China is boosting lending to smaller entrepreneurs to bolster economic growth, creating opportunities for companies like UA Finance, which ran 94 mainland China outlets as of the end of June. The 22-year-old company seeks to add 30 to 40 outlets each year to offer unsecured lending to small and medium-sized companies and individuals, Nagahara said. To contact the reporter on this story: Stephanie Tong in Hong Kong at stong17@bloomberg.net To contact the editor responsible for this story: Chitra Somayaji at csomayaji@bloomberg.net United Asia Finance CEO Akihiro Nagahara Jerome Favre/Bloomberg Akihiro Nagahara, chief executive officer of United Asia Finance Ltd., reacts during an interview in Hong Kong on Aug. 9, 2013. Akihiro Nagahara, chief executive officer of United Asia Finance Ltd., reacts during an interview in Hong Kong on Aug.

The loneliness of being a Finance Minister (© PTI) There are over 1,200 stores in 14 states and the company continues to grow. In fact, TMX Finance has doubled in size over the past 5 years and plans to maintain that rate of growth for the next several years. TMX Finance is hiring the Austintown area, said Lindsey Reed, Vice President of Talent Acquisition for TMX Finance. We are interested in meeting with outgoing individuals to help expand our team. Position Descriptions and Qualifications: General Manager: A general manager is responsible for overseeing and managing the stores day to day operations and performance.

Older posts are this way If this message doesn't go away, click anywhere on the page to continue loading posts.
Could not load more posts
Maybe Soup is currently being updated? I'll try again automatically in a few seconds...
Just a second, loading more posts...
You've reached the end.

Don't be the product, buy the product!

Schweinderl