Finance Industry

Unified industry practices key to Islamic finance growth: AAOIFI

SYDNEY (Reuters) – A global body for Islamic finance will prioritize wider adoption of its standards by engaging national regulators in key markets, aiming to tackle divergent practices that risk stunting the industry’s growth. Islamic finance has grown fast across the Middle East and Southeast Asia in part due to self-regulation, but the approach is now viewed as a barrier to develop transactions that are cheap, quick to design and accepted across borders. Standards issued by the Accounting and Auditing…

0
Read More

Minister of Finance Highlights Plan to Double Down on Progress for Middle Class

November 1, 2017 – Ottawa, Ontario – Department of Finance Canada When you have an economy that works for the middle class and those working hard to join it, you have a country that works for everyone. The investments the Government of Canada has made in Canadians and their families, in our communities and in our economy are working. Canada now has the fastest growing economy in the G7 and among the best job growth in a decade,…

0
Read More

Anadarko to tie compensation closer to financial metrics

R.A. Walker, chairman, president andCEO of Anadarko, speaks during CERAWeek by IHS Markit Wednesday, March 8, 2017, in Houston. ( Melissa Phillip / Houston Chronicle ) R.A. Walker, chairman, president andCEO of Anadarko, speaks during CERAWeek by IHS Markit Wednesday, March 8, 2017, in Houston. ( Melissa Phillip / Houston Chronicle ) Photo: Melissa Phillip, Staff Anadarko to tie compensation closer to financial metrics Anadarko Petroleum Corp. will change the way it pays its employees to underscore a more disciplined…

0
Read More

Arron Banks faces EU referendum finance investigation

Image copyright PA The Electoral Commission says it is investigating whether ex-UKIP donor Arron Banks broke donation rules during the EU referendum. The probe will look at whether the Leave.EU chairman broke the rules over donations or loans made to campaigners. It will also look at Better for the Country Ltd, a company of which Mr Banks is a registered director. Mr Banks said that a judge-led inquiry was needed “to clear this nonsense up once and for all”. The…

0
Read More

Bank of England’s Woods says 75,000 Brexit finance job losses plausible

LONDON, Nov 1 (Reuters) – Job losses totalling 75,000 in banking and insurance because of Brexit are “plausible”, Bank of England Deputy Governor Sam Woods said on Wednesday. Woods told British lawmakers that the 65,000 to 75,000 estimate was drawn up by consultants Oliver Wyman and not the Bank of England, but that it was within a “plausible range of scenarios”. Woods also told a House of Lords committee that it was reasonable to expect that the UK financial sector…

0
Read More

LIC Housing Finance (LICHF IN) – NIM continues to decline, driven by pressure on yields – Earnings update – CSEC Research

– LICHF’s loan book increased (15.5% YoY, 3%QoQ) to INR 1514 bn, largely coming from project loans (61.3%YoY, 2.6% QoQ) and LAP to individuals (57.2%YoY, 2.3% QoQ).LAP’s share in the overall portfolio has grown by 350bps YoY to 13.2%. – Overall disbursements stood at INR 109 bn, growing at 20.3% YoY and 26.2% QoQ. Out of which, project loans (amounting to INR 6.1 bn) alone recorded 65.4%YoY (47.3% QoQ) growth and the individual loans segment grew by 18.4% YoY (25.1%QoQ).…

0
Read More

Shiseido : Notice of Revision of the Consolidated Financial Result Forecast for the Fiscal Year Ending December 31, 2017 and Posting of Extraordinary Income and Extraordinary Loss

10/31/2017 | 07:38pm EDT (Translation) Dear Sirs and Madams, November 1, 2017 Name of Company: Shiseido Company, Limited Name of Representative: Masahiko Uotani President and CEO (Representative Director) (Code No. 4911; The First Section of the Tokyo Stock Exchange) Contact: Tetsuaki Shiraiwa Department Director Investor Relations Department (Tel: +81 3 3572 5111) Notice of Revision of the Consolidated Financial Result Forecast for the Fiscal Year Ending December 31, 2017 and Posting of Extraordinary Income…

0
Read More

Bank of England believes Brexit could cost 75,000 finance jobs

The Bank of England believes that up to 75,000 jobs could be lost in financial services following Britain’s departure from the European Union. I understand senior figures at the Bank are using the number as a ‘reasonable scenario’, particularly if there is no specific UK-EU financial services deal, according to BBC. The number could change depending on the UK’s post-Brexit trading relationship with the EU. But the bank still expects substantial job losses. Many jobs will…

0
Read More

BoE Forecast of Finance Job Losses From Brexit: ‘Vital EU, UK Avoid No Deal’

Europe 19:20 31.10.2017Get short URL The Bank of England is said to view 75,000 financial services jobs lost as a result of Brexit as a “reasonable scenario.” Miles Celic, chief executive of industry advocacy group TheCityUK, has told Sputnik the numbers are consistent with his organization’s own research – and would translate to many billions in tax revenue for the UK. The Bank of England (BoE) is forecasting the UK could lose up to 75,000 financial services jobs in the years following its secession…

0
Read More

First Rand Bank: Centrum Group to buy micro finance business of FirstRand Bank India

MUMBAI: Centrum Group has agreed to buy Indian microfinance business of South Africa’s First Rand Bank in what could be the latest in a series of large-scale expansions after ex-Standard Chartered banker Jaspal Bindra joined the firm as its chairman. The Mumbai-based financial services firm has signed a definitive agreement to acquire the microfinance business of FirstRand Bank India, which comprises of around 70,000 customers with an average ticket size of Rs. 20,000, operating in Maharashtra with an employee strength…

0
Read More

Crestwood announces third quarter 2017 financial and operating results and agreement to sell US Salt, LLC for $225 million

Oct 31 (Reuters) – Crestwood Equity Partners LP: * Crestwood announces third quarter 2017 financial and operating results and agreement to sell US Salt, LLC for $225 million * Crestwood Equity Partners LP – ‍on-track to achieve increased FY 2017 guidance​ * Crestwood Equity – ‍US Salt divestiture positions Crestwood to execute 2017 & 2018 capital expansion programs without accessing equity capital markets​ * Crestwood Equity Partners LP – ‍sales price for US Salt business is materially accretive to Crestwood’s…

0
Read More

Bank of England sees up to 75,000 finance job losses after Brexit – BBC – Finance News

LONDON, Oct 31 (Reuters) – The Bank of England expects Britain to lose up to 75,000 financial services jobs after the country leaves the European Union in 2019, the BBC reported on Tuesday. “I understand that senior figures at the Bank are using the number as a ‘reasonable scenario’, particularly if there is no specific UK-EU financial services deal,” the BBC’s economics editor Kamal Ahmed wrote, without providing a more specific source. He added the BoE thought the figure could…

0
Read More

Civic Center, public finance incentives and redevelopment

Based on input from our readers, we asked the candidates running for Lenexa City Council to respond to four questions about issues facing the city. Here are their responses: City Center development It’s been a historic year for Lenexa with the opening of the City Center campus. What needs to happen at City Center over the coming four years for the project to be a success in your estimation? Ward 1 Aaron BorghardtA key success measure will be the continued utilization…

0
Read More

NES Financial Announced as a Sponsor at the Third Annual Privcap Game Change: Real Estate 2017 Event

Silicon Valley FinTech company showcases innovative fund administration solution for private equity real estate industry. SAN JOSE, Calif. (PRWEB) October 30, 2017 NES Financial, a market innovator in fund administration solutions for the private equity real estate industry, will sponsor the third annual Privcap Game Change: Real Estate 2017 event on November 2nd at the Mid-America Club in Chicago, IL. NES Financial will be hosting a keynote event with industry leader Bill Salus and emerging markets veteran Tom Heneghan. This…

0
Read More

Long-term states of mind can affect short-term financial decisions

Credit: CC0 Public Domain Imagine you are receiving a refund payment from the federal government. Are you going to spend it right away or save the money? Is that decision based on your short-term finances? Or does it hinge on whether you identify yourself as a “spender” or a “saver” more generally? A new study by an MIT economist sheds more light on the quirks of people’s actions in such cases and suggests that, in addition to immediate financial needs,…

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