World Finance Knowledge Center

https://worldfinance.tumblr.com/post/644416524319408130 : A.M. Best Assigns Credit Ratings to Clearwater Select Insurance Company worldfinance.tumblr.com/post/644416524319408130 from Tumblr https://ift.tt/3sEIz9M via IFTTT

A.M. Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of a+ to Clearwater Select Insurance Company, an This content was originally published here . from Tumblr https://ift.tt/3q9WT8Y via IFTTT

https://worldfinance.tumblr.com/post/644371219962003456 : Shriram Transport Finance Q1 net profit up 24.53% at Rs 572.9 crore worldfinance.tumblr.com/post/644371219962003456 from Tumblr https://ift.tt/37TZ0r3 via IFTTT

Its total revenue during the reported quarter increased by 19.91 percent to Rs 3,739.85 crore, from Rs 3,118.68 crore in the same period year ago, Shriram Transport Finance Company (STF) said in a BSE filing. This content was originally published here . from Tumblr https://ift.tt/37UYfhz via IFTTT

https://worldfinance.tumblr.com/post/644325914208026624 : Global payments firms to urge finance minister Arun Jaitley to ease data storage norm worldfinance.tumblr.com/post/644325914208026624 from Tumblr https://ift.tt/37Sk2WW via IFTTT

NEW DELHI: Global payments firms including , and PayPal are expected to meet finance minister Arun Jaitley on Friday, seeking more time to comply with the norms laid down by the banking regulator, according to four executives from payments companies aware of the development. The companies are also seeking a relaxation in the Reserve Bank order that mandates storage of data within the country. The companies are also seeking a relaxation in the Reserve Bank order that mandates storage of data within the country. The last-minute push to seek help from the government comes even as global payments firms have failed to convince to defer the October 15 deadline to store data of Indian consumers exclusively within the country. Following the order in April, several payments companies had sought permission to store a copy of the data locally with another set stored in international servers, termed as ‘data mirroring’. “Our key asks from FM Jaitley at the meeting will be knowing what the gover...

https://worldfinance.tumblr.com/post/644280608865042432 : Now Hiring: 271 Jobs In Insurance In McKinney-Frisco worldfinance.tumblr.com/post/644280608865042432 from Tumblr https://ift.tt/2NDJZTs via IFTTT

Now Hiring: 271 Jobs In Insurance In McKinney - McKinney-Frisco, TX - Find more jobs like these on ZipRecruiter.com or the McKinney-Frisco Patch Job Board. This content was originally published here . from Tumblr https://ift.tt/3kslZOQ via IFTTT

https://worldfinance.tumblr.com/post/644235317381103616 : Russia’s Finance Ministry opens a dedicated counter-sanctions department — Meduza worldfinance.tumblr.com/post/644235317381103616 from Tumblr https://ift.tt/3dNKmW4 via IFTTT

Prime Minister Dmitry Medvedev has signed a government order creating a new department inside Russia’s Finance Ministry to counteract foreign sanctions. The change brings the total number of Finance Ministry departments to 25, and grants staff the authority to cooperate with foreign agencies and international organizations on financial restraints imposed by sanctions. This content was originally published here . from Tumblr https://ift.tt/3bKRsrO via IFTTT

https://worldfinance.tumblr.com/post/644190014522179584 : Jana Small Finance Bank celebrated its third Jana Diwas worldfinance.tumblr.com/post/644190014522179584 from Tumblr https://ift.tt/3e1LJAL via IFTTT

Jana Small Finance Bank celebrated its third Jana Diwas, recognizing its customers’ success in achieving financial independence and becoming a force in fostering financial inclusion. Jana Small Finance Bank is deeply committed to financial inclusion through savings and deposit accounts, loan programs, financial education and outreach programs; and has proudly served millions of customers. Thus, every year Jana Diwas is organized to recognize and celebrate the success stories of individuals and their families, who have made considerable progress in transforming their lives and have become financially independent. Jana Small Finance Bank connects nationally with its customers and seeks the best stories of their success. After a careful and diligent process, it identifies select customers and invites them to share their stories. These customers are recognized for the courage and determination shown by them to fight adversity and improve their quality of life. Present at the event, Ch...

https://worldfinance.tumblr.com/post/644144721620549632 : Exclusive: Standard Chartered sells principal finance business to Actis and ICG worldfinance.tumblr.com/post/644144721620549632 from Tumblr https://ift.tt/3q4fraF via IFTTT

LONDON (Reuters) - Standard Chartered ( STAN.L ) is in talks to sell its private equity business to Intermediate Capital Group ( ICP.L ) (ICG), a source with direct knowledge of the deal said on Monday, as part of a broader disposal of its ‘principal finance’ investment business. StanChart has separately completed the sale of the other half of its principal finance unit, comprising its real estate investment business in Asia, to private equity firm Actis, the bank said on Monday. The UK-based bank, whose business is focused on Asia, Africa and the Middle East, did not disclose the size of that deal. Reuters reported in November the real estate principal finance business has around $700 million in investments across Asia and Africa. A spokesman for the bank confirmed the completion of the Actis deal. StanChart and ICG declined to comment on the prospective ICG deal. The disposals follow StanChart’s decision in late 2016 to exit the principal finance business, which invests the ...

https://worldfinance.tumblr.com/post/644099418640072704 : Finance concerns halt Milton Broncos youth football decision, again worldfinance.tumblr.com/post/644099418640072704 from Tumblr https://ift.tt/3knlSEd via IFTTT

Representatives from the Milton Broncos youth football team essentially delivered an ultimatum to the school board Monday night: Take over the program, or it dies. The June 25 meeting marked the second time Broncos leadership approached the school board with the ask, and each time, members have tabled action until they receive more financial information. The Broncos see the school district’s adoption of its two middle school-level teams as the only solution to its organizational woes. For the last three years, the team has seen declining enrollment as parents move their kids to other programs with more established leadership. Some have expressed worry over aging equipment. Others wonder where their money goes. And recently, the longstanding program lost its 501.c3 status after failing to submit required financial disclosures for several years running. “The program will falter and fold if the middle school isn’t ready to take on the burden,” Broncos vice president Rodney Tinker to...

https://worldfinance.tumblr.com/post/644054124928876544 : Sensex opens flat amid mixed global cues; Shriram Transport Finance down 11% worldfinance.tumblr.com/post/644054124928876544 from Tumblr https://ift.tt/2P9HeJT via IFTTT

Sensex gains over 50 pts, Nifty50 above 10,700; Dena Bank climbs 4%, Shriram Transport Finance down 11% This content was originally published here . from Tumblr https://ift.tt/3bCrq9Z via IFTTT

https://worldfinance.tumblr.com/post/644008826729906176 : Institutional Finance Update: Leveraging Digital Technologies, Using Blockchain for Climate Action and Sustainable Development worldfinance.tumblr.com/post/644008826729906176 from Tumblr https://ift.tt/3qQ4TNp via IFTTT

5 September 2018: Discussions in recent months have explored how emerging technologies such as blockchain and digitalization processes could serve the implementation of the SDGs and the Paris Agreement on climate change. In August, the World Bank launched a blockchain-operated US$110 million bond, with potential impacts on carbon market trading. Other multilateral institutions have stressed the potential of digitalization technologies for sustainable development. The UNFCCC issued a report that assesses financing climate technology entrepreneurship and actions needed to support overcoming specific challenges in developing countries. UNFCCC Urges Support for Climate Action through Climate Technology Incubators and Accelerators Innovation can speed up and scale up national efforts to address climate change. But how can innovation be supported to the point that positive social and environmental impacts can be realized, especially in developing countries? This question is addressed in...

https://worldfinance.tumblr.com/post/643963533507313664 : The Finance 202: Amid Trump’s taunts, Jay Powell is mastering an inside game worldfinance.tumblr.com/post/643963533507313664 from Tumblr https://ift.tt/3aOq5Oo via IFTTT

Federal Reserve Board Chair Jerome Powell. (AP Photo/Jose Luis Magana) Jay Powell may look like he’s playing possum in the face of sustained attacks from President Trump. But the Federal Reserve chairman’s public silence belies a flurry of behind-the-scenes activity as he works to shore up support for the independence of the central bank — and, by extension, his own stewardship of it — on Capitol Hill.  That’s the takeaway from a new report by my colleague Heather Long that reveals Powell putting his seasoned insider’s savvy to work just months into his tenure.  It’s an extracurricular assignment for the central bank chief that looks increasingly critical to his success. The president continues stepping up his criticism of Powell for raising interest rates, potentially setting him up as a fall guy if the stock market continues to tumble or the recovery goes sideways.  And Powell’s spadework is already meeting success. Heather reports that he has “buil...

https://worldfinance.tumblr.com/post/643918244722475008 : Establishment of FinCo open platform to finance row materials – Global Legal Chronicle worldfinance.tumblr.com/post/643918244722475008 from Tumblr https://ift.tt/3spGnTL via IFTTT

Linklaters and Demarest Advogados advised on the transaction A group of international bank ad corporation including, ABN Amro Bank, ING Bank, Société Générale, BNP Paribas, Crédit Agricole Indosuez, Citibank, Macquarie, MUFG Bank, Rabobank, Shell Trading Rotterdam, Mercuria Energy Group Holding, Natixis, Société Générale Surveillance, Koch Industries and Gunvor Group, established FinCo, a new open platform to finance raw material trading. Linklaters and Demarest advised the JV partenrs in connection with antitrust authorization in Brazil. Linklaters advised with a team including Pierre Zelenko (Picture), Matthieu Blayney and Pablo Boirin. Demarest advised with Paola Pugliese and Milena Fernandes Mundim Involved fees earner: Pierre Zelenko – Linklaters ; Matthieu Blayney – Linklaters ; Pablo Boirin – Linklaters ; Law Firms: Linklaters ; Clients: BNP Paribas ; Citibank ; Credit Agricole ; ING Bank ; Natixis ; Rabobank ; Société Générale ; ABN AMRO ; Gunvor Group ; MUFG Bank, ...

https://worldfinance.tumblr.com/post/643872924802138112 : Finance committee seeks clarification of charge worldfinance.tumblr.com/post/643872924802138112 from Tumblr https://ift.tt/3qMBHXt via IFTTT

Members of a City Council-appointed finance committee talked Friday about clarifying what they are supposed to study before they can go further. To start, Tom Franz, committee chairman, asked for the specific charge from the council. According to city documents, the charge that was issued said the group is to “Explore long term revenue sources and to return the findings in 60 days to the City Council.” Leslie Haase, the city’s finance director, said that as she understood it, the charge was to look for a revenue source. “That’s kind of a broad thing,” Franz said. Council member Taylor Brown, the council liaison to the committee, said, “We are under some pressure right now, but the council by and large — I don’t speak for every individual — is wanting to find a way to fund raises for police and fire.” He said the city manager did a pay study to look at pay ranges in Springfield and four cities in Northwest Arkansas that could be used as a guide to establish higher pay scales for p...

https://worldfinance.tumblr.com/post/643827637752561664 : General Electric Arm to Divest Project Finance Debt Business worldfinance.tumblr.com/post/643827637752561664 from Tumblr https://ift.tt/3dBKsQo via IFTTT

General Electric Company ’s GE business arm — GE Capital — recently inked a deal to divest its ProjectFinance Debt Business (“Project Finance Debt Business”) to Starwood Property Trust, Inc. STWD, for roughly $2.6 billion. The to-be-divested business is a part of GE Capital’s Energy Financial Services division. Project Finance Debt Business is complementary to the Starwood Property Trust platform that has a huge lending experience across diversified geographies and assets. The to-be-divested Project Finance Debt Business includes senior secured debt in renewable energy, thermal power and midstream assets, mostly in the United States. As per the divestment deal, a team of GE Capital’s existing workforce (including around 20 investment professionals) will be transferred to Starwood Property Trust. The divestment deal is currently subject to customary conditions and will likely close by third-quarter 2018. In a bid to become a high-tech industrial company, General Electric is curren...

https://worldfinance.tumblr.com/post/643782333791633409 : Plug Power Reports Poor Q2 Earnings worldfinance.tumblr.com/post/643782333791633409 from Tumblr https://ift.tt/3qLa8ha via IFTTT

Looking at the penny stocks on the Nasdaq exchange, it’s difficult to ignore Plug Power. At least, today it is. On Thursday, Plug Power posted its second-quarter earnings report—and it wasn’t good. The penny stock is now down nearly 3%. Penny Stocks and Earnings: Plug Power The Plug Power earnings report fell short of Wall Street expectations. The report described both Q2 loss and lower-than-forecasted revenue estimates. Plug Power Revenue For revenue, Plug Power, which is an alternative energy company, brought in $39.9 million in the period. Wall Street was expecting around $41.6 million. Plug Power Q2 Loss The New York-based company announced a loss of $25.9 million in Q2. As for per-share basis losses, Plug Power had a loss of 12 cents, which was short of Wall Street’s expectations as well. Analysts were expecting a loss of 8 cents per share. Current Quarter Updates The Plug Power earnings report also provided a forecast for the current quarter, which ends in Octobe...

https://worldfinance.tumblr.com/post/643737029283315712 : Callinex Mines Reaches New Lows worldfinance.tumblr.com/post/643737029283315712 from Tumblr https://ift.tt/2OPAKzw via IFTTT

For the second day in a row, Callinex Mines is plunging on the stock market. While it’s not unusual for penny stocks to suffer, Callinex Mines is one this week that even the most aggressive of investors will shudder when looking at it. Penny Stocks in August: Callinex Mines (TSXV:CNX) It’s only Tuesday, and yet, Callinex has already hit a new 52-week low. Meanwhile, there’s no catalyst driving Tuesday’s more than 15% drop. So is this an indication that the market is losing hope in the Vancouver, British Columbia-based company? Perhaps, but remember: just because the company has been quiet recently and/or the stock is falling, doesn’t mean things—and good ones at that—aren’t happening. That said, this might not be the case for Callinex Mines. The Callinex Mines Stock Yesterday, this Canadian penny stock hit a new 52-week low, trading at $0.155. If that wasn’t bad enough, the mineral exploration company reached a brand new low today. So that means, in simple terms, Callinex Mines...

https://worldfinance.tumblr.com/post/643691739502313472 : Insurance Policy’s Forum Selection Clause Did Not Require Remand to State Court, Judge Rules worldfinance.tumblr.com/post/643691739502313472 from Tumblr https://ift.tt/3pFfYzw via IFTTT

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https://worldfinance.tumblr.com/post/643646435821240320 : Union Life Insurance Co., Ltd – Moody’s downgrades Union Life’s IFSR to Baa3 and senior debt to Ba1, outlook stable worldfinance.tumblr.com/post/643646435821240320 from Tumblr https://ift.tt/3ugzOEK via IFTTT

Rating Action: Moody’s downgrades Union Life’s IFSR to Baa3 and senior debt to Ba1, outlook stableRead the full article at Moody’s This content was originally published here . from Tumblr https://ift.tt/3s9EnPe via IFTTT

https://worldfinance.tumblr.com/post/643601142889201664 : Finance 101: Holiday saving in summer worldfinance.tumblr.com/post/643601142889201664 from Tumblr https://ift.tt/3ui1FnS via IFTTT

How to accumulate $500 before November This content was originally published here . from Tumblr https://ift.tt/2M6af7Z via IFTTT