Finance Industry

A vibrant financial sector will ensure that no one is left behind

This week as reported in one of the stories carried in this edition marks a turning point in the history of the Botswana Stock Exchange or BSE. The local bourse joined other global markets by transforming from a mutual exchange to a company fully incorporated under and in terms of the companies Act. We believe that it is fair to say that separating traders from owners will modernise our stock market from multiple dimensions. It is our hope that the…

0
Read More

Turkey taking action to ease market concerns – finance minister

ISTANBUL, Aug 12 (Reuters) – Turkey has drafted an action plan and its institutions will start taking necessary steps on Monday morning to ease financial markets’ concerns, Finance Minister Berat Albayrak said, after the lira plunged last week. In an interview with Hurriyet newspaper, Albayrak said a plan has been prepared for banks and the real economy sector including small to mid-sized businesses, which are the most affected by the foreign exchange fluctuations. “From Monday morning onwards our institutions will…

0
Read More

Cholamandalam Investment & Finance Co. Ltd – Outperformer – Centrum

Robust growth intact with improving NPA recoveries Target Price: Rs1,703CMP: Rs1429Upside: 19.0% Cholamandalam Investment & Finance Co Ltd (CIFCL), for Q1FY19, reported good set of numbers with net profit growing 36.0% YoY while asset quality weakened marginally – gross NPAs up 9bps QoQ to 2.99% as on 30 Jun’18, on moving to IndAS. The AUM grew 30% YoY to Rs46,663 crore as on 30 Jun’18. This was backed by overall disbursement growth of 45% to Rs7,015 crore (48% growth in…

0
Read More

Zafgen announces second quarter 2018 financial results

Zafgen announces second quarter 2018 financial results Aug 07, 2018 (MarketLine via COMTEX) — Zafgen, Inc., a clinical-stage biopharmaceutical company, reported a net loss for the second quarter of 2018 of $15.8 million, or $0.57 per share, compared to a net loss of $13.3 million, or $0.49 per share, for the second quarter of 2017. “2018 is an important year of execution on our plan for our novel second-generation MetAP2 pipeline,” said Jeffrey Hatfield, Chief Executive Officer. “We’ve continued to…

0
Read More

Italy expects financial market attack in August -govt…

Italy expects financial market attack in August -govt official By Reuters Published: 10:58 EDT, 12 August 2018 | Updated: 11:08 EDT, 12 August 2018 By Crispian Balmer ROME, Aug 12 (Reuters) – Speculators will probably attack Italian financial markets this month but the country has the resources to defend itself, a senior and highly influential government official said in a newspaper interview on Sunday. Giancarlo Giorgetti, undersecretary in the prime minister’s office and a leading light in the far-right League…

0
Read More

DGCA to conduct financial audit of turbulence-hit Jet Airways

DGCA has already evaluated the financial health of the national carrier Air India recently. Mumbai: Aviation regulator DGCA is set to conduct a financial audit of the Naresh Goyal-promoted Jet Airways, amid its fiscal conditions under pressure due to the surging jet fuel prices and low fares, a source said. The Directorate General of Civil Aviation (DGCA) has already evaluated the financial health of the national carrier Air India recently, besides conducting a special audit of Air Deccan, the source…

0
Read More

DAE Reports Half Year 2018 Financial Results Revenue and Profit at Record Levels Following Successful Platform Integration

Khalifa H AlDaboos Managing Director of DAE Dubai Aerospace Enterprise (DAE) Ltd. reported record financial results for the first half of 2018.   Highlights included: Total Revenue: US$711.4 million, up from US$228.7 million for the same period in 2017; the increase reflected a substantial growth in the company’s fleet following the merger with AWAS to 375 owned, managed and committed aircraft and an increase in total assets to US$15.5 billion Profit Before Tax: US$224.0 million compared to US$42.5 million for the…

0
Read More

Money matters: Free finance seminars slated this fall in Silver Creek | News, Sports, Jobs

SILVER CREEK — The Community Education division of the Silver Creek Central School district is offering a variety of finance-based classes open to the public starting via its fall 2018 session. There is no cost to attend, but pre-registration is necessary for all classes and ensures the classes will be held. The offerings begin in September and conclude in December. All classes will be led by instructor Brett Komm, a financial services representative from Foresters Financial Services, Inc., and will…

0
Read More

PM Modi may push financial inclusion drive in Independence Day speech

By: PTI | New Delhi | Published: August 12, 2018 11:11:24 am Prime Minister Narendra Modi (Express photo by Praveen Khanna) Prime Minister Narendra Modi is expected to announce benefits for about 32 crore Jan Dhan account holders in his Independence Day address this week to provide a boost to the government’s financial inclusion drive, official sources said. There could be a doubling of overdraft facility to Rs 10,000 under the Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders as…

0
Read More

Jamaica: General Manager of Alliance Financial Services shot dead

From RJR News The General Manager of Alliance Financial Services Limited was shot outside his St. Andrew home on Thursday night. He succumbed to his injuries in hospital Friday morning. He has been identified as 50 year-old Arnie Francis. His wife was also shot and injured during the attack. Reports are that Mr. Francis arrived home about 9:40, when he was pounced on by men who opened fire, hitting him in the abdomen and armpit. His wife, who was in…

0
Read More

Fallout from Donald Trump’s trade war with Turkey may lead to financial turmoil across Europe

Trump’s Turkey trade war sparks fears of new financial crisis after Lira falls by 20% following the US doubling import tariffs on Turkish steel and aluminium Warning comes after the Turkish lira fell by an astounding 20 per cent on Friday  Currency has now halved in value over year – came after US doubled tariffs  Banks across Europe which have loaned billions to Turkey may now be exposed  By Harriet Dennys For The Mail On Sunday Published: 20:08 EDT, 11…

0
Read More

With a Brexit transition deal, UK financial sector “will not be hit as badly as feared” — MercoPress

With a Brexit transition deal, UK financial sector “will not be hit as badly as feared” Saturday, August 11th 2018 – 21:37 UTC London’s Lord Mayor Charles Bowman told website Politico between 5,000 and 13,000 jobs could go by the UK’s departure on 30 March 2019 The Bank of England was thought to have used the 75,000 figure as a “reasonable scenario”, particularly if there is no specific UK-EU financial services deal. The UK financial services sector will not be…

0
Read More

EU Trying to Keep Open Financial Channels With Iran

TEHRAN (Dispatches) – Austrian ambassador to Tehran Stefan Schulz on Saturday stressed continued attempts by his country and other European states to help Iran maintain its financial channels with the world after the U.S. sanctions.“The EU’s main objective is maintenance of financial and communication channels so that Iran can enjoy the benefits of the international nuclear deal,” Schulz said in the central city of Yazd.He added that the EU and Austria are ready to help Iran pass through the present…

0
Read More

Weston-super-Mare nostalgia: August 9 1968 | Latest Weston-super-Mare and Somerset news

PUBLISHED: 16:00 11 August 2018 Sarah Robinson Weston Animal Welfare Service on the Beach Lawns. Youngsters with their pets at the service. Archant The financial ‘squeeze’ and the impact flooding was still having in Somerset made headlines in the Weston Mercury and Somerset Herald 50 years ago. Here is the news from August 1968. Email this article to a friend To send a link to this page you must be logged in. Mendip Vale Motorcycle and Light Car Club motorcycle…

0
Read More

Farming finance: Prudent planning needed to beat the Fair Deal ‘Catch 22’ of farm families

This means that should Joe require more than three years care, his pension will cover the cost from year four onwards. Had Joe transferred the farm to his son Jack shortly before being diagnosed with Alhzeimers it would not affect the means test as it would need to have been done five years prior to seeking care. Currently, in exceptional cases where a person falls ill suddenly, a similar three year cap on including the farm assets in the means…

0
Read More
About

Business on the Web provides the latest Business News: Breaking Personal Finance, Company,  Financial and Economic News.

Our blogs are an excellent place for technology professionals to get up-to-date industry news. Blogging about the hottest education technology issues.

Social Links