Finance Industry

Noel Candelaria, guest columnist: Texas school finance commission must deliver on long-deferred promise | Guest Columns

Educators always try to keep an open mind about new ideas and we’re trying to keep an open mind about the state’s new school finance study. Although previous studies have failed to produce results for Texas’ 5.3 million public school children, we still have hope. But at the outset, we have reasons for concern. The main drivers behind this study were Gov. Greg Abbott and Lt. Gov. Dan Patrick, who during last year’s legislative sessions were more interested in siphoning…

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FINANCE VIDEO: Geopacific Resources Ltd (ASX:GPR) Near Term Catalysts to Shape Woodlark

loading……… Sydney, Feb 2, 2018 AEST (ABN Newswire) – We recently interviewed Geopacific Resources (ASX:GPR) (OTCMKTS:GPACF) for an update on their Woodlark Gold Project in Papua New Guinea. Topics discussed included. – An update on the updated reserve and resource: – An update regarding the DFS; – The exploration strategy at Woodlark moving forward; and – The company’s strategy for their Kou Sa Project in Cambodia. Analyst comment: This interview highlights that after much work behind the scenes during 2017,…

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Budget 2018 will benefit common man: MoS Finance

Minister of State (MoS) for Finance, Shiv Pratap Shukla on Thursday assured that the Union Budget 2018 would benefit both, the common people and the nation. Shukla asserted that it will be a good budget. “It will be a good budget. It will be for the benefit of the common people and the nation,” Shukla told ANI. The last full-fledged budget of Prime Minister Narendra Modi-led government and the first one after the roll out of the Goods and Service…

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Budget 2018: Jaitley has tough task to choose between populism, fiscal prudence

NEW DELHI: Finance Minister Arun Jaitley will today present the current NDA government’s fifth and arguably his toughest Budget yet as he seeks to address agriculture distress, create jobs and boost growth while at the same time stick to fiscal prudence. The Budget, in view of upcoming assembly polls in eight states – including three major states ruled by the BJP – and general elections next year, may see new rural schemes and stepping up of funding towards existing programmes…

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Chicago Cubs Co-Owner Todd Ricketts Named New RNC Finance Chairman

The Republican National Committee has named Chicago Cubs co-owner Todd Ricketts its new finance chairman days after its former fundraising chief, real estate and casino magnate Steve Wynn, stepped down amid allegations of sexual assault. “His incredible leadership and proven track record of results will continue to grow support for our party and ensure we have the resources needed to deliver Republican victories in 2018 and beyond,” RNC Chairwoman Ronna Romney McDaniel said of Ricketts. “I have wanted to be…

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Thomson Reuters to sell majority stake in its financial business to Blackstone

Thomson Reuters Corp. said Tuesday it will sell a major stake in its financial and risk business to a consortium led by private-equity giant Blackstone Group LP. Under the partnership agreement, the Blackstone-led consortium will acquire a 55% stake in the financial and risk unit and Thomson Reuters will retain a 45% stake. Thomson said the deal values the financial and risk business, the news and data company’s largest operation, at $20 billion. The unit, which services banks, money managers…

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Who will finance innovation? – Business Line

Ecosystem issues: While we achieved success with generic drugs in pharma sector, we aren’t able to replicate the same in drug discovery, biomarkers and biosimilars. The countless procedures, lack of infrastructure, dependency on private sector and lack of an ecosystem to set up good institutes and centres of excellence have held up Indian innovation. Finance constraint: Very few entrepreneurs and venture capitalists want to invest in any company/institute/product, which has a wait period of 8-10 years to be profitable, especially…

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Union Budget: What if you were the finance minister of the country?

Once described as a ‘flailing state’ by the public policy expert Lant Pritchett, the Indian state has achieved notoriety for its poor delivery of key public services. One reason for this is the lack of enough doctors, nurses, policemen, judges, and farm extension workers given the size of the country. But to fix this problem, the government needs to exit many other functions and duties which currently sap its attention and resources. In this budget game designed by Mint, Hindustan…

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Finance Minister Thomas Issac says equal stress on infrastructure and social- The New Indian Express

THIRUVANANTHAPURAM: State budget 2018-19, the second full-fledged one of the Pinarayi Vijayan government, will lay equal stress on infrastructure development and social security. Priority will be given to bring down the revenue and fiscal deficits in a time-bound manner. Speaking to Express, Finance Minister Thomas Isaac said drastic measures were needed to reduce the gap between revenue and expenditure.“The gap has been widening for the past five years. This year it aggravated to a situation where drastic measures have to…

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US casino magnate quits as Republican finance chair – Canindia News

Washington, Jan 28 (IANS) US casino mogul Steve Wynn has resigned from his position as finance chairman for the Republican National Committee (RNC) amid sexual misconduct allegations. RNC Chairwoman Ronna McDaniel said she accepted Wynn’s resignation on Saturday, CNN reported on Sunday. “Today I accepted Steve Wynn’s resignation as Republican National Committee Finance Chair,” she said in a statement. Wynn is facing allegations of sexual misconduct by dozens of former and current women employees at his resorts. The allegations were…

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Business Newsmaker: Bristol County Savings Bank And Ricciardi Financial Group announce joint venture to form Bristol Wealth Group – News – southcoasttoday.com

TAUNTON — Bristol County Savings Bank and Ricciardi Financial Group, both of Taunton, announce they have entered into a joint venture to merge the bank’s financial advisory services (FAS) division, located in Attleboro, and Ricciardi Financial Group to become Bristol Wealth Group with combined assets of approximately $700 million effective January 31, 2018. The joint venture also includes an affiliation agreement with Raymond James Financial Services, one of the leading brokerage firms in North America, which will provide Bristol…

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Aregbesola’s Chief of Staff,  Commissioners for information, finance commend voters for large turnout in Osun LG poll 

By Olawale Adewale, The Nigerian Voice, Osogbo  The Chief of Staff to the Governor of Osun State, Mr Rauf Aregbesola, Alhaji Gboyega Oyetola today commended the people of the state for trooping our in large numbers to vote during the local government election conducted by the Osun Independent Electoral Commission (OSIEC). Oyetola said the turnout of voters was very impressive at different polling units in different voting centers that he visited in his hometown in Iragbiji, headquarters of Boripe Local…

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Now, payments and small finance banks can offer Atal Pension Yojana

The Centre’s social security scheme for the aged — the Atal Pension Yojana (APY) — will now also be available at small finance and payments banks, the Finance Ministry said on Friday. “To strengthen the existing channels of APY distribution, it is felt that these new payments banks and small finance banks will provide a boost to the outreach of subscribers under APY,” said an official release, adding that given their strength, expertise and reach, they can play a pivotal…

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HNA’s financial sector push suffers new blow as ANZ axes unit’s sale deal

By Sumeet Chatterjee and Ambar Warrick (Reuters) – Australia and New Zealand Banking Group Ltd <ANZ.AX> has dropped plans to sell its vehicle finance unit to HNA Group after New Zealand blocked the $460 million deal last month over concerns about the Chinese conglomerate’s ownership structure. HNA had agreed to buy UDC Finance, New Zealand’s largest non-bank lender, early last year. But in December New Zealand’s Overseas Investment Office cited uncertainty over HNA’s ownership structure for the rejection. The failed…

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