Finance Industry

Griswold finance director reducing hours, leaving post – News – The Bulletin

By John Barry jbarry@norwichbulletin.com (860) 425-4221 Tuesday Aug 14, 2018 at 7:37 PM Aug 14, 2018 at 7:37 PM GRISWOLD — Erik Christensen, the town’s finance director, has accepted another full-time job, and will be reducing his hours before leaving his post entirely in January. The Board of Selectmen voted to accept Christensen’s new status at a meeting Tuesday. After the board met with Christensen in private, First Selectman Todd Babbitt made a motion, saying: “We accept Erik’s offer of staying on with the town of Griswold until Jan.…

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FBNQuest Merchant Bank Blazes Trail in Financial Intermediation

*Executes N200bn Deals in 36months in Nigeria’s Money Market By Bamidele Famoofo FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc, has continued to exercise dominance among its peers in financial intermediation for both private and public customers in the Nigerian financial markets. Recently, it acted as Lead Financial Adviser & Issuing House on the Listing by Introduction of the entire issued and paid-up ordinary shares of Notore Chemical Industries Plc on the Main Board…

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Turkish Business Groups Offer Support to Government Amid Financial Woes

ANKARA (Sputnik) – The Turkish Industry and Business Association (TUSIAD) and the Union of Chambers and Commodity Exchanges of Turkey (TOBB) said in a joint statement on Tuesday that the business groups will support the government’s economic measures amid financial crisis. “For the success of the measures and objectives of the economic program announced by the government, the business world has offered its committed support. We will overcome current financial difficulties in solidarity with our people,” the statement read. The statement said it was important…

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U.S. states’ financial literacy ranked – WMC Action News 5

(Source: Pixabay) (WMC) - How financially literate are you? Recently, WalletHub.com released a report on 2018’s Most & Least Financially Literate States, analyzing financial-education programs and consumer habits in each of the 50 states and the District of Columbia. Their study considered 15 key metrics, including the results of WalletHub’s WalletLiteracy Survey, which range from high-school financial literacy grade to share of adults with a rainy-day fund. Most Financially Literate States 1.New Hampshire 2. Virginia 3. Minnesota 4.(tied) Maryland 4.(tied)…

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People with dementia are vulnerable to financial abuse

When most of us go online to our internet banking account and set up a direct debit to pay a bill, we probably do it swiftly without much thought. But in reality it’s not that easy. In fact, there are a lot of complex processes involved in how we manage our finances, which older people, especially those with dementia, often struggle to deal with. Dementia affects an estimated 850,000 in the UK, with numbers expected to rise to over a…

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Finance Ministry denies EPF RM6bil loss – Business News

KUALA LUMPUR: The Finance Ministry has denied reports that the Employee Provident Fund (EPF) incurred a loss of RM6bil in a month.  Its Minister Lim Guan Eng said when referring to the value of stocks, it would still be incorrect to assume such a loss based on the fluctuation of FTSE Bursa Malaysia KLCI Index (FBM KLCI). “The FBM KLCI is affected by factors such as economic growth, good financial governance as well as political stability within and outside the…

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GST refund shortfall more than we thought: Malaysia finance minister

KUALA LUMPUR: The shortfall in Goods and Services Tax (GST) refunds totalled RM19.2 billion (US$4.7 billion) as at May 31 this year and not the RM17.9 billion stated last week, Malaysia’s finance minister Lim Guan Eng said on Monday (Aug 13). Lim had earlier reported that the previous administration had failed to pay input tax refunds within two weeks after submission of proper documents. Advertisement He said verified records of the Royal Malaysia Customs Department show that GST refunds stood at RM19.2 billion as at May…

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Salem Media Acquires Financial Publisher

Salem Media Group has acquired former financial analyst Hilary Kramer’s investment newsletters and websites, the Camarillo-based conservative and Christian media company announced Monday. The properties include newsletters GameChangers, High Octane Trader, Value Authority and Inner Circle as well as websites www.HilaryKramer.com and www.KramerCapitalResearch.com. They will be added to Salem Media’s Eagle Financial Publications portfolio along with a new product from Kramer called Turbo Trader. Financial terms of the acquisition were not disclosed. “I am thrilled to add Hilary Kramer and…

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Boston Omaha Corporation Announces Second Quarter 2018 Financial Results

OMAHA, Neb.–(BUSINESS WIRE)–Aug 13, 2018–Boston Omaha Corporation (NASDAQ: BOMN) (the “Company”) announced its financial results for the second quarter ended June 30, 2018 in connection with filing its Quarterly Report on Form 10-Q with the Securities and Exchange Commission. We show below summary financial data for the second quarter of 2018 and 2017. Our Quarterly Report on Form 10-Q can be found at www.bostonomaha.com. Our book value per share was $14.49 at June 30, 2018, compared to $10.25 at December…

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KB Financial donates US$100,000 to flood-hit Laos

SEOUL, Aug. 13 (Yonhap) — KB Financial Group Inc. said Monday it has donated US$100,000 to Laos to help its ongoing restoration efforts following a recent deadly flood. The South Korean financial entity delivered the fund to the Southeast Asian country, with part of the donation being collected from its affiliates, KB Capital Co. and KB Kookmin Card Co., according to its officials, adding that the capital unit also plans to provide relief goods worth 200 million won (US$17,615) for…

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‘Deposits will not be seized,’ Finance Minister Albayrak says

Turkey’s treasury and finance minister early Monday vowed to fight “lies” that deposit money would be seized or that foreign currencies in bank accounts would be converted into Turkish liras, saying that no such steps will be taken. “Deposit money will not be seized. Foreign currencies in bank accounts will not be converted into Turkish liras. However, those lies will be fought off until the end in the judicial sphere,” Berat Albayrak tweeted. Albayrak said an action plan is coming…

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Netflix finance boss David Wells to leave the company after a successor is appointed

Netflix’s chief financial officer David Wells will step down after helping the company find his successor, the streaming giant said today. The hunt for a new head of finance will look at suitable internal and external candidates, Netflix added. Wells has been at the company since 2004, two years after it floated in New York, and was appointed chief financial officer in 2010. Read more: Debate: Should investors be worried about the future of Netflix? Reed Hastings, Netflix chief exec,…

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TSX led higher by financial stocks

(Reuters) – Canada’s main stock index edged higher on Monday as gains in financial stocks outweighed the broader sentiment arising from Turkey’s worsening currency crisis. A man walks past an old Toronto Stock Exchange (TSX) sign in Toronto, June 23, 2014. REUTERS/Mark Blinch * At 9:52 a.m. ET (13:52 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 19.56 points, or 0.12 percent, at 16,346.07. * Global markets have been rattled by a plunging lira as investors fled to…

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