Tag Archives: Finance

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 »

Trading Calls: Buy Titan, Bajaj Finance, Exide Industries, Say Experts

The stock markets extended record run in trades today with Sensex hitting fresh all-time high of 30,346.79 and Nifty rising to hit record high of 9,450.65. The record run in the stock markets came after a pause on the back of whether department predicting stronger-than-expected rains which will help boost rural incomes for those who are dependent on agriculture for ... 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 »

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 »

Supply chain finance The Indian approach is outdated

Policymaking in India is subject to multiple demands, and often lacks focus as a result. Implementation is often hampered by inertia and lack of expertise. Both these conditions contribute to India’s economic performance being short of what it can and needs to be. In recent columns, I have been highlighting continued policy failures in higher education and how digital technology ... Read More »

Never Finance Your First Motorcycle

You’ve done your research. You’ve test-ridden all sorts of motorcycles. You know what you want. So now you’re checking your credit score and seeing what kind of interest rate you can start making payments on your first bike. Great idea, right? Not at all, actually. We’ve posted a lot of stories here aimed at new and aspiring riders, and while ... Read More »