Calendar

Announce

Who's Online?

Member: 0
Visitor: 1

rss Syndication

Posts sent in: August 2013

Aug292013

India's finance minister tries to stem panic









shri chidambaram india finance minister

But the slide has been exacerbated by local factors, including a large current account deficit , which reflects the nation's tendency to import more than it exports and leaves it reliant on foreign capital. Chidambaram vowed to shrink India's current account deficit this fiscal year, bringing it down to $70 billion from $88 billion in 2012-2013. He reassured investors that "there was -- and is -- no intention to introduce any type of capital control", which could further choke off foreign investment. Google+ Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.







Fifth Street Finance (FSC) Passes Through 11% Yield Mark






Tommi Lindfors, CEO of Cochito Group comments: Euroloan has been a success story from the beginning, and this deal enables us to increase the expansion rate of our business in many dimensions. There are also clear and strong synergies between our business areas that we can now exploit fully by focusing our resources. We made the purchase by emitting new shares, widening and strengthening the ownership base and equity ratio of Cochito significantly. We are now able to realize our plans and really make a big impact on the market Our much strengthened balance sheet in the consolidated group, with equity of over 10 million euros, means we are very solid, stable and a reliable investment as we have shown over the last six years, Executive Vice President and Group CFO Jonas Lindholm adds. We have continuously widened our financing base and our relative cost of financing has consequently decreased as financers have realized that.









Euroloan Consumer Finance PLC in 28 million EUR deal






But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 11% would appear considerably attractive if that yield is sustainable. Fifth Street Finance Corporation ( NASD: FSC ) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.




Admin · 6 views · Leave a comment
Aug292013

Honda Canada Finance sells C$550 mln of notes - term sheet








Philippine Finance Secretary Purisima on Economy






The sale was a private placement. The issue included C$300 million ($286 million) of floating-rate notes due Dec. 3, 2015. The notes, which were priced at par, have a coupon rate of 42 basis points over the three-month Canadian Dealer Offered rate or CDOR. Honda Canada Finance also sold C$250 million ($238 million)floating-rate notes due Dec.







Market Chatter-Corporate finance press digest






29 (Bloomberg) -- Philippine Finance Secretary Cesar Purisima talks about the nation's economy and financial markets. The Philippine economy expanded above 7 percent for a fourth straight quarter, defying a regional slowdown to cement its role as Southeast Asias best performer as President Benigno Aquino boosts investment. Purisima speaks from Manila with Rishaad Salamat on Bloomberg Television's "On the Move." (Source: Bloomberg)












* A PricewaterhouseCoopers (PwC) pension fund is in talks to buy a stake in a German skyscraper, in what could be one of Europe's biggest property deals this year, a source close to the negotiations told Reuters. * Citadel LLC, Virtu Financial, Two Sigma and RGM Advisors are among the companies bidding for E*Trade Financial Corp's market-making unit in a deal expected to be worth $100 million to $200 million, several sources with direct knowledge of the situation said on Wednesday. * Institutional fixed-income trading platform providers Tradeweb and MarketAxess are among three bidders for BondDesk Group LLC in a deal that is expected to be valued up to $200 million, two sources familiar with the situation told Reuters this week. * Verizon Communications Inc and Vodafone Group Plc have restarted talks over a possible buyout of the British firm's stake in their U.S.







The Best Personal Finance Blogs That You Should Be Reading






Its definitely worth checking out, bookmarking and checking in on regularly. The Manilla Folder The Manilla Folder offers a wealth of advice on all sorts of personal finance topics, from saving and budgeting, to credit and debt, to taxes and investing, and more. In addition to covering money management topics, we also cover productivity and lifestyle topics, including home organization, time management, career development, health and fitness, parenting and family, green ideas, frugal living, DIY, and more. We just released our brand new financial literacy toolkit, which was designed to make the financial transition into the real world a lot easier for students and recent grads.




Admin · 5 views · Leave a comment
Aug292013

Ship Finance International Limited Management Discusses Q2 2013 Results - Earnings Call Transcript








Market Chatter-Corporate finance press digest






Private Securities Litigation Reform Act of 1995. Words such as expects, anticipates, intends, estimates or similar expressions are intended to identify these forward-looking statements. These statements are based on our current plans and expectations and involve risks and uncertainties that could cause future activities and results of operations to be materially different from those set forth in the forward-looking statements. Important factors that could cause actual results to differ include conditions in the shipping, offshore and credit markets. For further information, please refer to Ship Finance's reports and filings with the Securities and Exchange Commission.












Greek unemployment hits record 27.6% Greece, along with three other eurozone countries -- Portugal, Ireland and Cyprus -- remain dependent on rescue loans from the EU and International Monetary Fund (IMF). The 17-nation eurozone has emerged from its longest ever recession, growing 0.3% in the second quarter after 18 months of contraction. Unemployment rates remain high, but worries that the debt crisis could spread to larger economies such as Spain and Italy -- which both saw borrowing costs climb dangerously high last year -- have abated. "You can see if you look at the rates for sovereign debts they are stable.







German finance minister: 'I don't see' any further eurozone bailouts






Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock markets total return. Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 11% would appear considerably attractive if that yield is sustainable.







Fifth Street Finance (FSC) Passes Through 11% Yield Mark






* A PricewaterhouseCoopers (PwC) pension fund is in talks to buy a stake in a German skyscraper, in what could be one of Europe's biggest property deals this year, a source close to the negotiations told Reuters. * Citadel LLC, Virtu Financial, Two Sigma and RGM Advisors are among the companies bidding for E*Trade Financial Corp's market-making unit in a deal expected to be worth $100 million to $200 million, several sources with direct knowledge of the situation said on Wednesday. * Institutional fixed-income trading platform providers Tradeweb and MarketAxess are among three bidders for BondDesk Group LLC in a deal that is expected to be valued up to $200 million, two sources familiar with the situation told Reuters this week. * Verizon Communications Inc and Vodafone Group Plc have restarted talks over a possible buyout of the British firm's stake in their U.S.







Emirates Mulls Sukuk for $4.5 Billion in Planes: Islamic Finance






777-300 ER and two Boeing 777 freighters, Jeffery said. Emirates is established as a major global carrier, serving 134 destinations in 76 countries. Its fleet of Airbus A380 double-deckers has turned Dubai into an international aviation crossroads, stripping business from veteran carriers such as Air France-KLM Group and Deutsche Lufthansa AG of Germany . Keeping Awake Emirates, which begins its fiscal year on April 1, needed $5.5 billion this year to finance 25 aircraft deliveries, Jeffery said. Of this, it raised $2.9 billion from an enhanced equipment trust certificate issued in June 2013 through Doric, vanilla finance leases and export credits, and pure operating leases for two freighter aircraft.




Admin · 7 views · Leave a comment
Aug282013

Northstar Realty Finance (NRF) Passes Through 9% Yield Mark











Fast forward to 5/31/2012 and each share was worth $77.79 on that date, a loss of $0.48 or 0.6% decrease over twelve years. But now consider that you collected a whopping $10.77 per share in dividends over the same period, increasing your return to 13.15%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.0%; so by comparison collecting a yield above 9% would appear considerably attractive if that yield is sustainable. Northstar Realty Finance Corp ( NYSE: NRF ) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.







Market Chatter-Corporate finance press digest






government housing finance authorities are pressing JPMorgan Chase & Co for at least $6 billion to settle lawsuits over bonds backed by subprime mortgages, according to a person familiar with the matter. * Billionaire Roman Abramovich is close to buying one of the biggest top-end office complexes in Moscow for up to $800 million in what would be Russia's second-largest office deal, three sources told Reuters. * KKR & Co and TPG Capital are out of the running in the auction for Hutchison Whampoa Ltd's Hong Kong supermarket chain ParknShop, people close to the matter told Reuters, after their offers failed to meet the company's expectations. * BlackBerry Ltd is considering spinning off its messaging service into a separate unit, the Wall Street Journal said on Tuesday, quoting people familiar with the matter.







Compton's first Latino lawmaker finally submits finance forms






So it was a joyous moment for some when Galvan won a seat on Compton's City Council in June. But a few weeks into his term, some are having misgivings about the councilman. Galvan had failed to file any of the required campaign finance disclosures for the primary and runoff elections. As his first official action, he hired Gonzalez.




Admin · 4 views · Leave a comment
Aug282013

Lawrence Mayor William Lantigua is sued over alleged campaign finance violations











Also named as defendants were the Committee to Elect William Lantigua and Ana Soto of Lawrence, the committeeas current treasurer. The case had been referred to the attorney generalas office by the campaign finance regulators in January 2012. Lantigua has faced federal and state corruption investigations for at least two years. A Lantigua political ally was arrested in June on charges of stealing money from the city-owned garage where he worked and of illegally doing campaign work for Lantigua while on the job.







Compton's first Latino lawmaker finally submits finance forms






The financial statements, which were submitted Thursday, show that Galvan spent $29,000 on his race to become Compton's first Latino elected official. Galvan also reported that he raised only half as much as he spent. Most of his donations came from people outside of Compton in neighboring southeast communities. According to the documents, Galvan has outstanding debts totaling $15,500, most of which was attributed to printing campaign fliers. The 26-year-old reported that he owes Angel Gonzalez, his former campaign manager, almost $12,000. Galvan hired Gonzalez as his community liaison when he won the election. Gonzalez was subsequently fired by Compton's city manager after The Times published a story that revealed Gonzalez's criminal history. In 2002, Gonzalez was convicted of a felony conspiracy charge reduced to a misdemeanor at his sentencing for sending out attack mailers with copies of fake official documents. In a separate case, he was convicted on two misdemeanor counts of sending out misleading campaign fliers. Compton's Latino residents have been trying for decades to get a Latino candidate elected to city office.







Peru's Finance Minister Cuts 2013 Growth Forecast to 5.7%






Invalid entry: Please type the verification code again. August 27, 2013, 3:50 p.m. ET Peru's Finance Minister Cuts 2013 Growth Forecast to 5.7% Text By Robert Kozak LIMA, Peru--Finance Minister Luis Miguel Castilla estimated that gross domestic product will expand by 5.7% this year, down from a previous forecast of 6.3% growth. Mr. Castilla said at a press conference Tuesday that the economy is expected to expand by 6.0% next year.




Admin · 4 views · Leave a comment

1, 2, 3 ... 11, 12, 13  Next page