Fly Leasing Still Holding Below Fair Value – Fly Leasing Limited (NYSE:FLY)

Although Fly Leasing (FLY) is up a little from when I last wrote about the company, the performance over the last year still hasn’t been very compelling next to AerCap (AER) or Air Lease (AL), and the shares continue to underperform the S&P 500 over that span. At this point, there’s not much that management can do other than execute the plan in place and prove to the Street that the planes it will be acquiring from AirAsia will generate…

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MPs Group to address sexual and reproductive health

Thursday, 20 September 2018, 4:24 pmPress Release: NZPPD Parliamentary Group works to address sexual and reproductive health in the Pacific region Hon Poto Williams, NZPPD Chair Earlier this month, the New Zealand Government passed innovative legislation allowing victims of domestic violence to take paid leave from their job. This thoughtful, new approach is in response to New Zealand having some of the world’s highest rates of violence against women; it is estimated that one-third of all women will experience violence…

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Govt won’t rule out tax grab on retirement savings

Thursday, 20 September 2018, 2:46 pmPress Release: New Zealand National Party Govt won’t rule out tax grab on retirement savings The Finance Minister is refusing to rule out a tax grab on the retirement savings of hard-working New Zealanders, National’s Economic and Regional Development spokesperson Paul Goldsmith says. “When asked directly in the House today if he could rule out putting more tax on Kiwi savings, Grant Robertson was unable to give a straight answer and was only prepared to…

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Lolly Mixes Fall Foul to Loopy Law

Thursday, 20 September 2018, 1:32 pmPress Release: ACT New Zealand Lolly Mixes Fall Foul to Loopy Law “$1 and $2 lolly mix bags are on the way out as dairy owners fall foul to loopy labelling laws,” says ACT Leader David Seymour. “Dairy owners around New Zealand are being told by representatives of confectionary companies in a recent push that their $1 and $2 mix bags don’t meet the labelling laws introduced back in 2002. “These Kiwi classics haven’t been…

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Capital Gains Tax still hangs over NZ

Thursday, 20 September 2018, 12:05 pmPress Release: New Zealand National Party 20 September 2018 Capital Gains Tax still hangs over NZ Today’s report from the Tax Working Group will do little to reduce fears that more taxes are going to be imposed on New Zealand households and businesses, National’s Finance spokesperson Amy Adams says. “Despite being given the opportunity to do so, the Government has refused to confirm its tax plans will be fiscally neutral. But this supposed review of…

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Housing NZ will apologise and reimburse tenants disrupted over meth contaminated homes

Housing New Zealand tenants who were wrongly penalised for meth contamination in their state homes will be reimbursed and receive a formal apology from the agency. Housing Minister Phil Twyford, acting HNZ chairman Vui Mark Gosche and HNZ chief executive Andrew McKenzie today released a report into the response of HNZ to methamphetamine contamination in their state homes. Twyford said HNZ had acknowledged around 800 tenants suffered by either losing their tenancies, their possessions, being suspended from the waiting list,…

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Spotlight on Housing Finance Reform Proposals

KBRA Releases RMBS Trend Watch: Spotlight on Housing Finance Reform Proposals Kroll Bond Rating Agency (KBRA) presents updates to issuance volume trends and forecasts, spreads, and collateral performance in this RMBS Trend Watch. We’ve also included a Spotlight Section on recent housing finance reform efforts and the potential impact to the U.S. RMBS market. — Issuance Volume: RMBS 2.0 issuance in Q3 2018 is expected to exceed $10 billion, marking the second highest post-crisis quarterly issuance and adding to a…

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Nordic Investment Bank is partnering with Afreximbank to bridge the infrastructure deficit in Africa

The Nordic Investment Bank (NIB) has signed a 10-year loan programme of €100 million with the African Export-Import Bank (Afreximbank) to finance various infrastructure projects in African countries. The €100 million made available to Afreximbank under the joint facility is for financing mainly infrastructure projects such as energy infrastructure, telecommunications, industrial parks and special economic zones, roads, railways and harbours. The loan will also allow NIB support export projects that include service and equipment deliveries from the Nordic and Baltic…

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SC eases retail investment rules in bond and sukuk market – Business News

KUALA LUMPUR: The Securities Commission Malaysia (SC) has announced the liberalisation of its regulatory framework to facilitate greater retail access to the RM1.3 trillion Malaysian bond and sukuk market.  “The liberalised framework will allow a more efficient issuance process for corporate bonds and sukuk to be offered to retail investors,” it said in a statement today. According to the SC, qualified issuers no longer need to make disclosures through a prospectus, and are only required to issue a product highlight…

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Lawsuit Filed Against Gas Company After Explosions In Merrimack Valley « CBS Boston

BOSTON (AP) — Lawyers filed a class action lawsuit Tuesday on behalf of people who were forced out of their homes for days when dozens of natural gas explosions and fires ripped through three Massachusetts towns. The lawsuit is the first of what’s likely to be several filed against Columbia Gas and its parent company over Thursday’s explosions , which killed one person and injured more than two dozen in Lawrence, Andover and North Andover. A gas explosion destroyed this…

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Philippines to become upper-middle income country by 2019 – Pernia

The Philippines is poised to join the ranks of upper-middle income countries China, Thailand, and Malaysia, says Socioeconomic Planning Secretary Ernesto Pernia Published 3:55 PM, September 18, 2018 Updated 3:55 PM, September 18, 2018 GROWTH. Economic managers project the Philippines would join the upper-middle income band in 2019. File photo by Martin San Diego/Rappler MANILA, Philippines – Socioeconomic Planning Secretary Ernesto Pernia asserted that the Philippines is poised to climb to a higher income band despite headwinds in the economy.…

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Amid an epidemic of mortgage stress, a perfect financial storm is on the way, experts warn

Updated September 19, 2018 09:05:31 Photo: Rachel and Andrew Hayden expect to be served with a mortgage default notice from their bank within a month. (ABC News: Elicia Kennedy) As Australia’s levels of household debt relative to disposable income hit historic highs, experts are warning of a perfect financial storm on the horizon for struggling home owners with a surge in repayments set to hit interest-only home loans over the coming 12 months. Key points: Mortgage stress is surging as…

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Amid an epidemic of mortgage stress, a perfect financial storm is on the way, experts warn – Business

Posted September 19, 2018 05:07:18 Photo: Rachel and Andrew Hayden expect to be served with a mortgage default notice from their bank within a month. (ABC News: Elicia Kennedy) As Australia’s levels of household debt hit historic highs, experts are warning of a perfect financial storm on the horizon for struggling home owners with a surge in repayments set to hit interest-only home loans over the coming 12 months. Key points: Mortgage stress is surging as household finances become increasingly…

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Don’t Jubilate Yet Over ‘B’ Rating – Fiifi Kwetey Predicts Doom Ahead | Elections

A former Deputy Finance Minister and Member of Parliament for Ketu South, Fiifi Kwetey, is predicting doom for Ghana as the country prepares to enter into the last two years of the Akufo-Addo government. He says Ghanaians should not jubilate yet despite Ghana’s credit rating upgraded to B by international credit rating firm, Standard & Poor’s. According to him, precedents have shown that although successive Ghanaian governments sometimes get good ratings they usually struggle within the last two years of…

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Zimbabwe economy on the mend

Zimbabweans have entered the most anxious week. The new cabinet flew into a cholera crisis and from nowhere prices sky rocketed and rates came to obnoxious stinking levels. Mthuli Ncube’s first week in office as Zimbabwe’s new Finance Minister was quite a sobering experience and a come down to reality call. The most celebrated minister left a more palatial environment in Geneva, where he was heading the research unit of an investment management firm, Quantum Global Group. Quantum Global, which…

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S&P’s B Rating Does Not Change Hardship In Ghana – Kwakye Ofosu | Politics

A former Deputy Information Minister, Felix Kwakye Ofosu, says the upgrade of Ghana’s economic outlook to B from B-, has no bearing on the lives of Ghanaians who are enduring various forms of hardships under the 20-months old Akufo-Addo presidency. He said the rating does not comfort Ghanaians in any way, and thus charged government to put measures in place to turn things around as promised prior to the 2016 general elections. “The Standard & Poor’s rating comes as cold…

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