Finance

Finance News Update, what you need to know

WORLD FINANCE UPDATE: The Australian share market looks set to open lower following a mixed session on Wall Street with the S&P 500 down as investors worried that US President Donald Trump’s plan to cut taxes and boost the economy could take longer than previously expected At 0705 AEDT on Tuesday, the share price futures index was down 10 points, ... Read More »

Christian Candy’s finance chief denies ‘good cop, bad cop’ game

Christian Candy: described in court as ‘a very confident businessman’ and ‘very direct’ by the finance director of CPC. Photograph: Philip Toscano/PA The finance director of Christian Candy’s property firm CPC played a “good cop, bad cop” game with the businessman Mark Holyoake, the high court has heard. Tim Dean, the finance director of CPC, appeared in the high court ... Read More »

Canada’s banks set up fund to finance small businesses

* Ex CPPIB boss Wiseman says fund can be catalyst for growth * Fund worth C$500 mln initially, could rise to C$1 bln * Similar UK fund has proved successful * Fund will take minority stakes and invest over long-term * Pension funds could also invest -CIBC CEO (Adds comments from former CPPIB CEO Mark Wiseman) By Matt Scuffham and ... Read More »

71 Percent of Hispanic Entrepreneurs Expect Revenue Increase

After a good end to 2016, a new study has revealed Hispanic small business owners are excited about their prospects this year. According to the inaugural Bank of America 2017 Hispanic Small Business Owner Spotlight (PDF), 71 percent of Hispanic entrepreneurs expect their revenues to increase. That’s 20 percentage points higher than that of non-Hispanic entrepreneurs (51 percent). In addition, ... Read More »

The Unique Benefits Offered by a Fixed Deposit

When you’re looking to create funds for your future, for your children’s education or for your retirement, you explore various avenues, like investing in shares, mutual funds, or real estate, as they provide growth potential for your money. However, when you’re looking for security and liquidity, fixed deposits are one of the best options available. So you can think of ... Read More »

RBI may go for status quo in Aug 9 meet: DBS

The Reserve Bank of India may keep the key interest rates on hold in the upcoming policy meet as inflation for the second quarter has hastened to 5.7 per cent and July-August prints may also stay high. According to the global financial services major, the room for further easing by the Reserve Bank is dependent on the inflation path and ... Read More »

UK and China regulators discuss framework for financial projects

British and Chinese securities watchdogs are discussing an agreement that will pave the way for landmark financial services projects between the countries, sources said, easing fears that Britain could be a less attractive partner for such deals after last month’s vote to leave the European Union. Britain’s Financial Conduct Authority (FCA) and the China Securities Regulatory Commission (CSRC) are cooperating ... Read More »

Centre’s fiscal deficit at 42.9% of BE in first two months of FY17

The central government’s fiscal deficit for the first two months of the current financial year (April & May) was 42.9% of the Budget Estimate (BE) for 2016-17, despite slowing of capital expenditure. In the corresponding period of 2015-16, it was 37.5% of BE. In April, first month of this financial year, it was 25.7% of the year’s budgeted amount, compared ... Read More »

Indian money in Swiss banks dips 33% to Rs 8,392 cr

Money held by Indians in Swiss banks has fallen by nearly one-third to a record low of 1.2 billion franc (about Rs 8,392 crore) amid a continuing global clampdown on the famed secrecy wall of Switzerland’s banking system. The funds held by Indians with banks in Switzerland fell byCHF 596.42 million to CHF 1,217.6 million at the end of 2015, ... Read More »

7th Pay Commission: Pay hike to boost growth, say India Inc, analysts

India Inc, analysts gave thumbs up to the Union Cabinet decision to clear the 7th Central Pay Commission recommendations, stating the move will “boost consumption in the economy” and lead to higher GDP growth. The pay hike combined with continued public push to the capital expenditure will help steer the economy to higher growth levels of 8 per cent and ... Read More »