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31 Jul 2013

Domestic markets should also be strengthened by widening the issuer and investor bases, with more issuances in currencies other than the domestic currency, to attract investors from across the globe. And there should be greater collaboration and cooperation among, and between national economies in which Islamic finance participates, Al Qemzi added. Inovative products, services Since its launch in 2008, Noor has gained a reputation for offering innovative, client-focused, banking products and services. It continues to lead the retail banking market in providing convenient banking solutions, including the UAEs first fully operational mobile internet banking experience in the Arabic language.

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31 Jul 2013

Serbian PM says told coalition that finance minister should go

Sources, however, said the panel headed by Economic Affairs Secretary Mayaram had recommended that the FDI limit be raised to 49 per cent in almost all sectors through the automatic route, with 74 per cent FDI in multi-brand retail trading by the government approval route. The finance minstrys proposal could get support from the Planning Commission, an official said. The planning commission is yet to submit its response to the DIPP proposal. The departments of commerce, consumer affairs and agriculture & cooperation too havent given their responses.

GE Capital Retail Finance Celebrates 80 Years of Consumer Financing

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29 Jul 2013

D.C.’s campaign finance laws need reforming

Currently, there are three fund managers for managing pension corpus of government employees. They are LIC Pension Fund Ltd, SBI Pension Funds Pvt Ltd and UTI Retirement Solutions Ltd. Private sector pension corpus is managed by 8 players including three fund managers who manages the government employees' corpus. The other five players are HDFC Pension Management Company Ltd, ICICI Prudential Pension Funds Management Company Ltd, Kotak Mahindra Pension Fund Ltd, Reliance Capital Pension Fund Ltd and DSP BlackRock Pension Fund Managers Pvt Ltd. The National Pension Scheme (NPS), which was introduced by the Central Government in January 2004 for its new...



29 Jul 2013

Futuris’ new finance boss looks forward to sale

Net profit in the corresponding quarter a year earlier was Rs 246.10 crore, the company said in a filing to the BSE. Total income declined to Rs 1,285.79 crore during the quarter from Rs 1,293.78 crore a year ago. The year-on-year decline in profits during the quarter was on account of stagnation in loan growth and lower yield on liquidated loan accounts, Managing Director George Alexander Muthoot said in a statement. Reuters Expenses were high on account of lenders continuing higher level of interest and administrative expenses going up with the addition of branches in the past one year, he said.

Baucus Says Finance Panel to Consider Tax...



28 Jul 2013

Reuters Total income declined to Rs 1,285.79 crore during the quarter from Rs 1,293.78 crore a year ago. The year-on-year decline in profits during the quarter was on account of stagnation in loan growth and lower yield on liquidated loan accounts, Managing Director George Alexander Muthoot said in a statement. Reuters Expenses were high on account of lenders continuing higher level of interest and administrative expenses going up with the addition of branches in the past one year, he said. The companys retail loan assets under management stood at Rs 25,848 crore as of June 30. Muthoot Finance, the Kochi-based gold financing and non-deposit taking NBFC (Non-Banking Finance Company), said it has applied to the Reserve...



28 Jul 2013

Big finance is strangling innovation

Aid from the Gulf states alone, unless accompanied by a strong economic policy framework, is unlikely to bolster confidence enough to reinvigorate domestic and foreign investment to pre-revolution levels, the report explained. It stated that although the total Gulf support surpasses the proposed $4.8bn loan package from the International Monetary Fund (IMF), fiscal reforms associated with the program are still essential to reduce deficit and debt refinancing requirements. The release cited continued sectarian violence triggered by heightened political uncertainty amid the recent regime change a credit negative. Moodys also pointed out that countrys weak economic...



27 Jul 2013

Eventually we ended up with a situation in which, as my colleague Joshua Holland has noted , a corporate executive will starve the company of needed resources and hinder its ability to be productive in the interest of short-term gains. In his book The Speculation Economy , Lawrence Mitchell of George Washington University points out that a recent survey of CEOs of major American corporations revealed that nearly 80 percent would have at least moderately mutilated their businesses in order to meet [financial] analysts quarterly profit estimates. Silvers notes that as financialization fever took over, the U.S. developed a dangerous imbalance between private and public finance, and we promoted public policy...



27 Jul 2013

Debt, shadow finance bedevil China’s economy

IBM is also working with some 500 universities around the world to help develop curricula that will produce qualified data scientists. Programs include undergraduate classes, graduate programs and even two-week intensive courses for MBAs. Addressing the skills shortage isnt an easy task, and wont happen overnight. But CFOs need to move quickly to bring their existing staffers into the realities of operating in a Big Data world.

Weak Earnings Growth Outside Finance

Net profit in the corresponding quarter a year earlier was Rs 246.10 crore, the company said in a filing to the BSE. Total income declined to Rs 1,285.79 crore...



27 Jul 2013

UPDATE 1-EU finance arm curbs loans to coal-fired power plants

Unfortunately, the 1996 City of Miami Financial Recovery Plan that I formally presented to the mayor and City Commission on my last day as interim manager, when Ed Marquez was appointed city manager, never received the wide public discussion and recognition it should have. About an inch thick, the report set forth, in some detail, all the reasons why the city faced potential bankruptcy including serious management deficiencies. In addition to my recommendations, it also included specific recommendations from 43 pro bono corporate leaders and career public servants who were assigned to 12 separate task forces that embraced all aspects of the...



25 Jul 2013

Equipment Lease Finance Industry Confidence Up Again In July

Attorney General Irvin B. Nathan would make the candidate responsible for the accuracy of filings with the Board of Elections and subject to financial penalties if there is a failure of due diligence. The D.C. Council has unfortunately failed to act on the proposal, which was submitted by Mayor Vincent C. Gray (D) last year.

No fees will be paid by TAF to the holders of any of the Notes in connection with the Consent Solicitation. The record date for the Consent Solicitation is 5:00 p.m., New York City time, on July 24, 2013. The overall purpose of the Proposed Amendments, as described more fully in the...