Finance Industry

On Turkey, Another Step in the Weaponization of Global Finance

Trade wars may be morphing into something more dangerous: financial wars. With Turkey facing a currency crisis, President Trump last week poured fuel on the fire by doubling tariffs on imports of its steel and aluminum to offset the effects of its weaker currency or force the country to release an American pastor. (Mr. Trump’s motive remains unclear.) In the hierarchy of things afflicting Turkey, this isn’t that high: The country’s problems are mostly self-inflicted, from its large current-account deficit…

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Intec Pharma Reports Second Quarter 2018 Financial Results and C – KAIT Jonesboro, AR

Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact pressreleases@franklyinc.com SOURCE Intec Pharma Enrolled more than 95% of patients in pivotal Phase 3 ACCORDANCE trial and more than 85% of eligible patients entered the open label extension study JERUSALEM, Aug. 15, 2018 /PRNewswire/ — Intec Pharma Ltd. (NASDAQ: NTEC) (“Intec” or…

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On Turkey, Trump Turns Trade War to Financial War

Updated Aug. 15, 2018 5:33 a.m. ET Trade wars may be morphing into something more dangerous: financial wars. With Turkey facing a currency crisis, President Trump last week poured fuel on the fire by doubling tariffs on imports of its steel and aluminum to offset the effects of its weaker currency or force the country to release an American pastor. (Mr. Trump’s motive remains unclear.) In the hierarchy of things afflicting Turkey, this isn’t that high: The country’s problems are…

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Corporate Finance Associates Advises Ligchine International, Inc. In The Recent Investment of Growth Capital by Blue Sage Capital and Hanover Partners

CFA advises Ligchine International, Inc. in the recent investment of growth capital by Blue Sage Capital and Hanover Partners (PRLEAP.COM) Los Angeles, CA – August 15, 2018 – Corporate Finance Associates (CFA), a leading middle-market mergers and acquisitions advisory firm, announced it has assisted with the recently completed growth capital investment in Ligchine International, Inc. (http://www.ligchine.com) by Hanover Partners and Blue Sage Capital. Founded by Gary and Peter Ligman, with a primary manufacturing facility in Darien, WI and an additional…

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Staffing 360 Solutions Announces Fiscal 2018 Second Quarter Financial Results – Finance Industry Today

Staffing 360 Solutions Announces Fiscal 2018 Second Quarter Financial Results – Finance Industry Today – EIN News Trusted News Since 1995 A service for finance industry professionals · Wednesday, August 15, 2018 · 458,768,893 Articles · 3+ Million Readers News Monitoring and Press Release Distribution Tools Press Releases Events & Conferences Source link

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Closing arguments set in Manafort’s financial fraud trial

ALEXANDRIA, Va. (AP) — Paul Manafort’s defense rested its case Tuesday without calling any witnesses in the former Trump campaign chairman’s tax evasion and bank fraud trial. Manafort himself chose not to testify. The decision not to call witnesses clears the way for the jury to hear closing arguments in the first trial to emerge from special counsel Robert Mueller’s investigation. Those arguments are scheduled for Wednesday morning. Manafort is accused of hiding millions of dollars in income he received…

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RBS To Pay $4.9 Bln For Financial Crisis-Era Misconduct

Royal Bank of Scotland Group Plc. (RBS,RBS.L) will pay $4.9 billion to settle charges that it misled investors ahead of the 2008 financial crisis. The settlement is largest penalty imposed on a single entity by the U.S. Justice Department for financial crisis-era misconduct. “This resolution – the largest of its kind – holds RBS accountable for defrauding the people and institutions that form the backbone of our investing community,” said Andrew Lelling, U.S. Attorney for the District of Massachusetts. The…

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US finalizes $4.9 bn fine on RBS for financial crisis conduct

NEW YORK – Britain’s Royal Bank of Scotland will pay $4.9 billion to settle charges it misled investors on mortgage-backed securities ahead of the financial crisis, the US Justice Department announced Tuesday. RBS committed a variety of ills associated with the underwriting and packaging of subprime loans into securities that became toxic in the US housing bust, US officials said Edinburgh-based RBS committed a variety of ills associated with the underwriting and packaging of subprime loans into securities that became…

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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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