Finance

Finance news you need to know today

THE Australian market looks set to open flat with little to lead it with US and British markets closed due to public holidays. At 0703 AEST on Tuesday, the share price futures index was down four points, or 0.07 per cent, at 5,709. Meanwhile, the Australian dollar is hardly changed against a steady US counterpart with northern American traders absent ... Read More »

IMF approves loan to Mongolia to finance reforms

The IMF forecasts Mongolia’s economic output will shrink by 0.2 per cent this year after growing less than 1 percent last year. The International Monetary Fund said Thursday lenders have approved a USD 5.5 billion financing package for Mongolia to support reforms meant to revive economic growth and reduce reliance on mineral exports. The fund said it would provide $434 ... Read More »

Cholamandalam Investment and Finance inks pact with Mavin

Following the tie-up, Chola would reward users for using the mobile application in making EMI payments, updating KYC documents among others, a company statement said. (Reuters) Cholamandalam Investment and Finance Company, the financial services division of Murugappa group, has partnered with US-based Mavin as part of its plan to tap rural areas through digital technology. Following the tie-up, Chola would ... Read More »

Large-scale solar industry takes off as 12 new plants secure finance

Broken Hill solar farm. Twelve new plants awarded grants by the Australian Renewable Energy Agency are now in the pipeline. Photograph: Josh Wall/Guardian Australia Australia’s large-scale solar industry now appears to be on solid ground, with all 12 plants recently awarded grant funding by the Australian Renewable EnergyAgency reaching “financial close” this month. That means they are fully financed and ... Read More »

Things You Should Ask an Insurance Provider

Having insurance coverage is one of the necessities of life. Failure to be insured could result in you losing a considerable amount of money. This is why it is so important for you to take the process of finding an insurance provider very seriously. There are many insurance providers out there that are all looking for your business. However, they ... Read More »

Hunter appointed to council finance and audit committee

Robert Hunter Hunter NEWLY-appointed advisory member of Gisborne District Council’s finance and audit committee, Robert Hunter, is looking forward to assisting the council with complex financial matters.He has been appointed because of his financial and accounting experience to sit in an advisory capacity on the committee. Committee chairman Brian Wilson supports the engagement of an independent member who is able ... Read More »

Thousands of car finance payments could be hit by economic downturn, analysts warn

Thousands of drivers would be unable to keep up their car payments in the event of an economic downturn, analysts have warned, prompting concerns about a mis-selling scandal. With nearly 90 per cent of new cars sold using finance deals, the majority of which means the owner effectively leases their vehicle for three or four years instead of buying outright, ... Read More »

Are you dating a financial disaster?

The less you know the more you’ll pay down the road. When you’re dating, the last thing you’re thinking about is your bank account. But are you setting yourself up for future financial blunders as you dance your way through potential suitors? He does the cha-cha; you follow gracefully. He changes pace with the California swing; you follow suit. He ... Read More »

The week ahead in business and finance

Online fashion retailer boohoo.com will publish its full-year results this week Monday April 24 Full-year results:Nasstar Production report: Anglo American AGM: Biome Technologies, Microgen, Globaltrans Investment, Anglo American, Anglo African Agriculture Economics: CBI industrial order expectations (UK), HPI m/m (US), Ifo business climate (GER) Tuesday April 25 Expect few surprises from Whitbread, owner of Costa Coffee and Premier Inn owner ... Read More »

Global finance officials argue benefits of free trade

The world’s major economies are united in their belief that free trade delivers healthy economic growth. But they also agree that more needs to be done for those left behind, and the new Trump administration is letting it be known that it intends to make sure that America’s trade deals are fair for U.S. workers. German Finance Minister Wolfgang Schaeuble ... Read More »