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07 Aug 2013

photo_1375619229361-1-HD.jpg The cabinet retains the two female ministers in the same posts and has two members from the Shiite minority. "It appears we are before a policy that will never change and a mentality that has not understood the message of the election," independent Shiite MP Faisal al-Duwaisan said in a statement. He threatened that if the government does not tackle a number of key issues quickly, he will question the prime minister and other ministers in parliament. MP Maasouma al-Mubarak, normally close to the government, said she was shocked by the new cabinet line-up which indicates to new crises in the country after retaining ministers who could not perform.

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07 Aug 2013

Total expenses for the six months ended June 30, 2013 were $9.7 million, as compared to $6.5 million for the six months ended June 30, 2012. For the three months ended June 30, 2013 and 2012, net investment income was $3.6 million, or $0.38 per share, and $2.3 million, or $0.30 per share, respectively. For the six months ended June 30, 2013 and 2012, net investment income was $6.4 million, or $0.67 per share, and $5.6 million, or $0.74 per share, respectively. For both the three months ended June 30, 2013 and 2012, the Company reported a net realized loss on investments of $0.1 million, or $0.01 per share.

NorthStar Realty Finance Announces Pricing of Public Offering of Common Stock



05 Aug 2013

Miami Later this month, Christopher Rose will join the city, adding 15 more years of county experience, mostly in the budget office. And City Manager Johnny Martinez, who worked most of his career with the Florida Department of Transportation, spent three years at County Hall before coming to Miami in 2010. That amounts to 56 combined years of management skills overseeing multi-billion-dollar budgets and leading tens of thousands of employees at one of the largest governments in the southeastern United States. Ed Marquez, the countys deputy mayor who oversees finance, said the ex-county staff left with good reputations.

India's Finance Minister Vows Not To Overspend

He was drawn to it...



04 Aug 2013

Miami CHARLES RABIN / MIAMI HERALD STAFF crabin@MiamiHerald.com When Daniel Alfonso was named Miamis budget director in August 2011, he was greeted with a bare-bones city budget composed of a few pages of numbers a far cry from the 300-page spending breakdowns most cities offer residents. Thats basically what I was given, a spreadsheet, said Alfonso, now the citys chief financial officer. Im looking at the spreadsheet and all I could say was, wow. The city was the target of a federal investigation into its finances after years of debilitating budget deficits that cut reserves razor thin. Employee salaries and benefits were being slashed to balance the books, and top financial administrators were leaving at a...



04 Aug 2013

Finance Minister P Chidambaram seeks support on Insurance, Pension bills

In China, which also suffered invasion and occupation by Japanese imperial troops before and during the war, Foreign Ministry spokesman Hong Lei said the comments showed that "Japan's neighbors in Asia, and the international community, have to heighten their vigilance over the direction of Japan's development." Hong also objected to Aso's comments on visits to the Yasukuni Shrine, which commemorates Japan's 2.3 million war dead, including 14 wartime leaders convicted of war crimes. Aso urged lawmakers in his speech to visit the shrine at times other than the closely watched anniversary of the end of the war on Aug. 15 to avoid...



03 Aug 2013

(AP Photo/Matthias Schrader) RELATED QUOTES 83.719 -0.481 BERLIN (AP) -- Siemens appointed finance chief Joe Kaeser as its new chief executive on Wednesday, handing a manager with over 30 years' experience at the industrial conglomerate the task of improving its fortunes after missed profit targets led to the departure of predecessor Peter Loescher. Siemens AG said its supervisory board unanimously chose the 56-year-old Kaeser, who will take office Thursday. It said a new chief financial officer will be appointed "in due course." It added that Loescher would leave the board "by mutual agreement." The company had said Saturday night that the supervisory board would meet Wednesday to decide on his departure a...



02 Aug 2013

Cache Announces New Credit Facility with Wells Fargo Capital Finance

I managed to catch up with Vikram Widge, Head of Climate Finance and Policy at the International Finance Corporation to discuss the combination of finance, innovation and policy working together to make impact in climate change. FORBES ASIA: What are the major bottlenecks to larger flows of investment into sustainable infrastructure in developing and emerging countries? Widge: There are 2 main challenges. First, developing and emerging economies need to develop investment-grade policy frameworks that generate a strong pipeline of bankable green growth projects. This can be done through enacting national targets supported by regulatory...



02 Aug 2013

Cache Announces New Credit Facility with Wells Fargo Capital Finance

1, 2013 ALEXANDRIA, Va., Aug. 1, 2013 /PRNewswire/ --Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced that it closed a $7.2 million senior secured term loan with Pritok Capital ("Pritok"). Proceeds of the term loan were used to acquire Nentwick Care Center, a 100-bed skilled nursing facility located in East Liverpool, Ohio. "Oxford is very pleased to provide capital to Pritok for the acquisition of Nentwick Care Center," said Christopher A.

India's Finance Minister Vows Not To Overspend

"Economy and...



01 Aug 2013

Doing. GE works. For more information, visit the company's website at www.ge.com . Editor Note: Interviews can be arranged. Photography and data representations are available.

Last September, the government permitted foreign supermarkets in India by allowing up to 51 per cent FDI, subject to government approval. The cabinet is set to review FDI norms in multi-brand retail on Thursday. On July 24, commenting on the cabinet note moved by the Department of Industrial Policy & Promotion (DIPP), the finance ministry proposed that FDI up to 49 per cent is allowed on automatic route. The DIPP has declined to tweak the cabinet proposal saying this was not on the agenda of the July 16 meeting chaired by the...



01 Aug 2013

Siemens Taps Finance Chief Kaeser as CEO to Replace Loescher (3)

(Image credit: AFP/Getty Images via @daylife) Indias Finance Minister Palaniappan Chidambaram said despite the tough outlook for government finances, and an election coming up, New Delhi has no plans to overspend to win the hearts and minds of the electorate. On Thursday, the Economic Times reported on a Chidambaram presser on the first anniversary of his role as the countrys finance ministry where he said that state-run companies would be encouraged to raise funds overseas in new bond issues. He also said that the foreign direct investment policy would be liberalized beyond just big box retail and airlines currently as the government...