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August 25 2013

mecomzyto197

India's finance minister tries to stem panic

shri chidambaram india finance minister Morningstar: 2013 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use.

Finance Ministry seeks cabinet nod for stuck infra projects

"We will give these - what we call low-hanging fruits among the 250 private sector projects - a push, so that they can get off the ground," he had said. So far, the government has been able to push through around 28 such projects with investment worth 1 lakh crore. "Now, we are aiming at big projects, above Rs 1,000 crore, stuck due to clearances required from more than one ministry," said the finance ministry official quoted earlier, adding that banks have sanctioned Rs 1.3 lakh crore for these projects. Bankers, however, say revival of stalled projects will not spur credit growth immediately. "You have to understand that once the regulatory clearances come, it will take around six months to have some actual ground level movement," an executive director with a state-run bank said.

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Covington finance director accused of embezzlement

"The central bank has announced it will raise rates again when the economy improves. That is good." ECB chief Mario Draghi actually said after the last meeting on rates on August 1 that rates will remain low for some time. The ECB has based this 'forward guidance' on the inflation outlook remaining subdued, and growth weak. "The Governing Council confirms that it expects the key ECB rates to remain at present or lower levels for an extended period of time," Draghi said after the ECB's August 1 meeting.

Friday to discuss significant misappropriation of city funds by city staff. A preliminary investigation has indicated that in excess of $300,000 of city funds may have been misappropriated at this time, City Manager Larry Klein said at a hastily called press conference Friday night. The alleged misappropriation of funds has been traced to at least 2010. At this point, it appears that the allegations of misappropriated city funds is substantiated, he said. We believe there is a probability that the public trust has been broken here. Since 5 p.m.

Consumer Finance Company Coming Soon to Cleveland, OH

In fact, TMX Finance has doubled in size over the past 5 years and plans to maintain that rate of growth for the next several years. TMX Finance is growing rapidly and we are always looking for talented individuals to join our team, said Lindsey Reed, Vice President of Talent Acquisition for TMX Finance. Visit our website at http://www.titlemax.com/careers for outstanding career opportunities. Position Descriptions and Qualifications: General Manager: A general manager is responsible for overseeing and managing the stores day to day operations and performance. This individual should encourage store growth and increase profitability through the management of customer relations, operating costs, sales and collections. Qualified candidates must be at least 19 years of age, have a valid drivers license and car insurance, and pass a credit and criminal background check to include a driving history report, also referred to as an MVR.

mecomzyto197

Finance is the Biggest Sector Once Again

German finance minister sees signs ECB will raise rates

But excluding Finance, total earnings for the rest of the S&P 500 companies would be down -2.8%. So why were earnings in the Finance sector so hot? These two charts will tell you pretty much everything you need to know: (Improving credit quality is a good thing, but as a bank, I'd rather have strong loan growth and net interest margin expansion boosting my bottom line than simply taking a lower provision for loan losses... but I digress.) Mr.

The Role of Finance May Be Changing, But the Route to the Top Remains the Same

Credit: Reuters/John Kolesidis BERLIN | Fri Aug 23, 2013 2:50am EDT BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble said in a newspaper interview on Friday the European Central Bank (ECB) has made clear it will raise interest rates again once the economy improves and that he welcomed that prospect. "Low rates are above all an expression of insecurity on debt markets. That cannot last forever - even if it is a relief to the federal budget," he said. "The central bank has announced it will raise rates again when the economy improves. That is good." ECB chief Mario Draghi actually said after the last meeting on rates on August 1 that rates will remain low for some time.

However, the available evidence suggests that if anything the reverse has happened, (see table). While 80% of FTSE Financial Directors continue to hold one or more accounting qualifications (and many of those that dont have an MBA or some other higher qualification typically relevant to their industry), it is evident that most still hold a qualification from one of the two bodies that are more orientated towards financial accounting rather than those that are more focused on management accounting. Despite the increasing focus on value creation, my guess is this is never going to change much even over the next twenty years because listed companies always need a head of finance who can tick all the traditional boxes of financing, M&A, compliance, reporting, taxation and investor relations. Such experience is undoubtedly best gained by spending part of ones career in an advisory role in one of the big accounting groups rather than diligently working away inside companies as a value-adding partner to ones peers, only to hit a glass ceiling when it comes to getting the senior position.

mecomzyto197

Consumer Finance Company Coming Soon to Cleveland, OH

Finance Ministry all ears as banks line up plans to boost forex inflows

Our family of brands includes TitleMax, TitleBucks, EquityAuto Loan, Auto Cash, TMX Credit and InstaLoan. There are over 1,200 stores in 14 states and the company continues to grow. In fact, TMX Finance has doubled in size over the past 5 years and plans to maintain that rate of growth for the next several years. TMX Finance is growing rapidly and we are always looking for talented individuals to join our team, said Lindsey Reed, Vice President of Talent Acquisition for TMX Finance.

AT&T Recognized For Most Effective Finance Organization

(NYSE:T) is a premier communications holding company and one of the most honored companies in the world . Its subsidiaries and affiliates AT&T operating companies are the providers of AT&T services in the United States and internationally. With a powerful array of network resources that includes the nations largest 4G network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile Internet, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, offering the most wireless phones that work in the most countries.

Wharton-Habitat Housing Finance Course at Asia-Pacific Housing Forum

One in eight still lives in a slum in the region; so there is tremendous scope for collaboration between governments, businesses and civil society to improve the situation," said Rick Hathaway, Vice President for Asia-Pacific, Habitat for Humanity International. He added: "The traditional approach to tackling poverty housing by simply building more homes is one dimensional and limiting. Solving the problem requires addressing affordability of housing finance, climate change and disaster resiliency, land rights inequality, infrastructure planning, basic services provision, sustainable livelihoods, and adoption of green solutions. These are touch points that will be up for discussion at the forum." Among the confirmed participants are key policy makers, business titans, and thought leaders from humanitarian agencies and research institutions. They include Jejomar Binay, Philippine Vice President; Alicia Bala, Deputy Secretary of ASEAN; Senator Loren Legarda, member of Philippine Senate; Henry Cisneros, former US Housing Secretary and Founder/Chairman of CityView; Nestor Espenilla, Deputy Governor, Bangko Sentral ng Pilipinas; Mr.

While the dollar supplied by the banks would add to RBI's forex reserves , the arrangement would entail RBI bearing the exchange rate risk and offering a cheaper hedging arrangement than what banks have to otherwise pay if they cover the exchange fluctuation risk in the open market. "This would be attractive for banks which can use the money to buy government bonds and lend. Also, their overseas branches can offer leverage to NRI clients," said a treasurer with an MNC bank. The FCNR (A) scheme allowed banks to park foreign currency deposits with the RBI in return of equivalent rupee deposits.

August 24 2013

mecomzyto197

Finance is the Biggest Sector Once Again - Real Time Insight

AT&T Recognized For Most Effective Finance Organization

So why were earnings in the Finance sector so hot? These two charts will tell you pretty much everything you need to know: (Improving credit quality is a good thing, but as a bank, I'd rather have strong loan growth and net interest margin expansion boosting my bottom line than simply taking a lower provision for loan losses... but I digress.) Mr. Mian also points out in his article that the Finance sector has reclaimed its leadership role in the S&P 500, as it now contributes a higher percentage of earnings than any other sector for the first time since the financial crisis. Finance is expected to account for 19.2% of total S&P 500 earnings in 2013 compared to Technology's 18%.

Led by a commitment from John Stephens, managing working capital is now ingrained in AT&Ts culture. As a result, AT&T has already reduced working capital by more than 35 percent. And by the end of 2013, the company expects to reduce working capital by a total of more than 50 percent from its 2011 starting point. Im proud to lead AT&Ts finance group and be part of our great management team, said John Stephens , AT&T senior executive vice president and CFO.

mecomzyto197

Finance director accused of embezzlement

Consumer Finance Company Coming Soon to Cleveland, OH

The allegation came to light when Covington City Commission held an emergency, closed meeting at 4:55 p.m. Friday to discuss significant misappropriation of city funds by city staff. A preliminary investigation has indicated that in excess of $300,000 of city funds may have been misappropriated at this time, City Manager Larry Klein said at a hastily called press conference Friday night. The alleged misappropriation of funds has been traced to at least 2010. At this point, it appears that the allegations of misappropriated city funds is substantiated, he said. We believe there is a probability that the public trust has been broken here. Since 5 p.m.

India central bank allows non-bank Islamic finance firm

Instead of interest, Islamic finance uses structures such as asset buy-backs and agency agreements to provide returns to investors. The RBI did not respond to a request for comment on Cheraman's case. But its decision appears to open the door to the possibility of more NBFCs offering Islamic non-interest products in future, even though full-fledged Islamic banks are expected to remain banned. RBI governor Duvvuri Subbarao, who will step down in September, has said Islamic banking is not possible in the country but sharia-compliant products could be delivered through alternative means.

TMX Finance is growing rapidly and we are always looking for talented individuals to join our team, said Lindsey Reed, Vice President of Talent Acquisition for TMX Finance. Visit our website at http://www.titlemax.com/careers for outstanding career opportunities. Position Descriptions and Qualifications: General Manager: A general manager is responsible for overseeing and managing the stores day to day operations and performance. This individual should encourage store growth and increase profitability through the management of customer relations, operating costs, sales and collections. Qualified candidates must be at least 19 years of age, have a valid drivers license and car insurance, and pass a credit and criminal background check to include a driving history report, also referred to as an MVR. Salary: Individuals can earn between $40,000 and $150,000 as a general manager.

mecomzyto197

In personal finance, nobody's perfect

Consumer Finance Company Coming Soon to Cleveland, OH

Im imperfect, but I dont dwell on my mistakes aside from asking myself how to correct them. Instead, I remember my successes and strive to match or, better yet, top them. Instead of feeling bad about my imperfections, I focus on feeling good about those moments when I transcend them and achieve something better. I feel greatandI have an example for tomorrow. The post Imperfect appeared first on The Simple Dollar .

Guestposting.ca Launches Exclusive Finance Guest Posting Services for Canada Customers

And now the company has launched exclusive finance guest posting services for Canadian clients. GuestPosting.ca has quickly emerged as one of the leading providers of guest posting services in Canadian markets, and looking at the demand for guest blogging services in the finance niche, the firm has just launched exclusive finance guest posting services for the Canadian clientele. On this occasion, the founder of GuestPosting.ca was quoted as saying We have been providing guest blogging services to a number of customers, but we realized many of the businesses in the finance industry have been seeking exclusive finance guest posting services, and we decided to give them just that. The firm is now planning on rolling out exclusive niche guest posting services for businesses across various niches. Over the coming weeks, they will shortly be launching exclusive health guest posting, travel guest posting, shopping guest blogging, and business guest post services to the customers in Canada.

For more information or to apply, visit http://www.titlemax.com/careers. Cleveland, OH (PRWEB) August 22, 2013 TMX Finance, one of the nations largest and fastest growing consumer finance companies, is expanding into Ohio. The company is currently searching for General Managers to help grow its consumer finance business in the Greater Cleveland, OH Area. If you live in, or around, this area and are looking for a dynamic career with significant earning potential and tremendous advancement opportunities, we encourage you to visit our website at http://www.titlemax.com/careers or send your resume directly to Nicole Jones at nicole(dot)jones(at)titlemax(dot)com. About TMX Finance TMX Finance is one of the largest and fastest growing consumer finance companies in the United States.

AT&T Recognized For Most Effective Finance Organization

A leader in mobile Internet, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse and AT&T DIRECTV brands. The companys suite of IP-based business communications services is one of the most advanced in the world.

August 22 2013

mecomzyto197

Maharashtra finance department launches austerity drive

RBI allows non-bank Islamic finance firm

All proposals should be scrutinized carefully and presented to the finance minister only in exceptional cases," it added. Maharashtra's debt burden on March 31, 2013 was Rs 2.46 lakh crore. It is estimated to balloon to Rs 2.7 lakh crore by March 31, 2014. The letter urged all departments to wake up to financial realities and recognize that the state has limited resources.

Finance is the Biggest Sector Once Again - Real Time Insight

KKR said the new entity, Maritime Finance Co, would aim to bridge a financing gap caused by the turmoil in the European banking industry. Maritime Finance will be funded with $580 million in equity capital, of which 45 percent has come from KKR and its various entities. The new entity will be headed by Helios Advisors partners Kristan Bodden and Gabriel Tolchinsky. KKR also said it was buying a stake in RigNet Inc from investment firm Cubera, making it the company's largest shareholder.

Islamic equity and venture capital products have attracted little demand in India and NBFCs could face the same fate, said Nisar. "NBFC business overall has been declining over the years." The RBI issued guidelines for NBFCs in June, cracking down on debt issuance by an industry that relies heavily on capital markets to fund its business but has faced less regulatory oversight than banks. According to central bank data, credit extended to NBFCs increased by 1.9 percent from a year earlier in June, compared with an increase of 43.9 percent in June last year. There are over 12,000 registered NBFCs in India.

KKR enters maritime finance

but I digress.) Mr. Mian also points out in his article that the Finance sector has reclaimed its leadership role in the S&P 500, as it now contributes a higher percentage of earnings than any other sector for the first time since the financial crisis. Finance is expected to account for 19.2% of total S&P 500 earnings in 2013 compared to Technology's 18%. So does the lack of earnings growth outside of Finance concern you?

mecomzyto197

Finance is the Biggest Sector Once Again - Real Time Insight

The Morning Ledger: Ex-Finance Official?s Job Switch Makes Waves in Delaware

These two charts will tell you pretty much everything you need to know: (Improving credit quality is a good thing, but as a bank, I'd rather have strong loan growth and net interest margin expansion boosting my bottom line than simply taking a lower provision for loan losses... but I digress.) Mr. Mian also points out in his article that the Finance sector has reclaimed its leadership role in the S&P 500, as it now contributes a higher percentage of earnings than any other sector for the first time since the financial crisis. Finance is expected to account for 19.2% of total S&P 500 earnings in 2013 compared to Technology's 18%. So does the lack of earnings growth outside of Finance concern you?

Danes, the worlds most indebted people, have hesitated to spend after house prices plunged about 20 percent since their 2007 peak. Revised Forecasts The government on May 27 cut its growth forecast for this year to 0.5 percent from the 0.7 percent predicted in April. It kept its 1.6 percent growth estimate for 2014. The government is due to publish revised forecasts on Aug.

Denmark Says Bond Sales Won?t Grow to Finance Public Works

Amazon.coms competitors, including brick-and-mortar giants , have spent years trying to beat the low-margin company on pricesand now theyre starting to succeed, the WSJ reports. Since early 2012, BB&T Capital Markets analysts have been tracking a basket of 30 products at both retailers, comparing the prices. When they started tracking, Amazon was, on average, 9% cheaper. In their latest study, released this week, the tables turned: brick-and-mortar retailer Bed Bath & Beyond was cheaper for the first time, by an average of 6.5%.

mecomzyto197

The Morning Ledger: Ex-Finance Official?s Job Switch Makes Waves in Delaware

CFO Jason Child said in a June 26 letter disclosed yesterday that the company will provide more detail in future filings. Read Groupons 10-Q here . Glencore Xstrata takes massive charge. Glencore Xstrata has taken an $8.47 billion hit against the value of its assets, which contributed to a net loss in the first half of the yearits first set of results since the mining company was created through the acquisition of Xstrata, the WSJ reports. The company swung to a net loss of $8.92 billion in the first six months of the year, compared with a net profit of $2.28 billion a year earlier.

Global and China Automotive Finance Industry Report, 2013

Affected by the automobile purchase control policy, the retail financing balance witnessed a growth slowdown in 2012, and only increased by 13% year on year to about RMB 339 billion. Besides the retail financing business, a mature automotive finance market shall include wholesale financing, car rental and leasing, and used car financing businesses. In 2012-2013, following the steps of Dongfeng Nissan and dealer groups, automotive finance companies, such as Mercedes-Benz Financial Services, Volkswagen Financial Services, Toyota Financial Services and BMW Financial Services, also plan to develop China's automotive rental and leasing market. Volkswagen Finance China Co., Ltd. is a wholly owned subsidiary of Volkswagen Financial Services AG in China.

August 21 2013

mecomzyto197

Global and China Automotive Finance Industry Report, 2013

announced the successful acquisition of Shanghai Zhenlang Transportation Equipment Leasing Co., Ltd. to carry out the automotive rental and leasing business. Mercedes-Benz Financial is a subsidiary of Daimler Financial Services Group, and it has two business operations in China, namely, Mercedes-Benz Auto Finance Ltd. and Mercedes-Benz Leasing Co., Ltd. In 2011, Mercedes-Benz Financial covered nearly 400 cities and more than 200 dealers in China.

WB has agreed to finance Diamer-Bhasha dam: Dar

He said the government was able to convince the World Bank that it was not legally necessary to seek an NOC (no-objection certificate) from a neighbouring country to build a dam and that Pakistanas first priority was Diamer-Bhasha dam after which it would consider Dasu Dam. The World Bank has been reluctant to finance Diamer-Bhasha dam and had linked its willingness to an NOC from India a a condition unacceptable to Pakistan. The bank had, however, offered to provide financing for Dasu Dam to produce cheap hydropower. Responding to a question, Mr Dar said the ADB was appreciative of the economic reforms initiated by the new government and had aagreed to actively engage with Pakistana again after the adverse policies of the previous government that resulted in more flows to the ADB than into Pakistan. aI have taken up the Diamer-Bhasha issue with the ADB and its visiting vice president was very positive and promised to work proactively with Pakistana and become the lead finance manager for the project, he said.

August 20 2013

mecomzyto197

The Morning Ledger: Ex-Finance Official?s Job Switch Makes Waves in Delaware

KKR Forms Maritime Finance Company

Under Mr. Udinski, Delaware developed a reputation for aggressively pursuing companies for unclaimed property. During his tenure, the state collected $2.2 billion of such property. Mr.

Greece will need third aid deal, German Finance Minister admits

As a prelude to that, the ECB's Asmussen will this week meet Central Bank Governor George Provopoulos, Finance Minister Yannis Stournaras and George Zanias, chairman of Greece's biggest lender, National Bank (NBGr.AT), Greek sources told Reuters. Progress on reform in the recession-stricken country has been patchy and there have been several reports that Greece may need another aid package or more debt relief to get back to a more sustainable financial position. Earlier this month, the German government, one of Greece's biggest creditors, dismissed a report by Der Spiegel magazine, which quoted a document that said Europe "will certainly agree a new aid program for Greece" and that the existing aid package carried "extremely high" risks. As Europe's biggest economy, Germany takes the biggest share of bailouts which are unpopular with taxpayers.

About MCS MerchCap Solutions (MCS) is a merchant banking enterprise that provides a full range of principal and agency-based capital markets services to mid-market and sponsor-backed companies. The company offers debt and equity underwriting, syndication and advisory solutions to its clients across the capital structure. The company also makes certain principal investments to support client capital raising needs. MCS is a venture between the Canada Pension Plan Investment Board, Stone Point Capital (through its Trident V fund) and KKR Capital Markets Holdings.

RBI allows non-bank Islamic finance firm

He did not elaborate on the design of the products. Instead of interest, Islamic finance uses structures such as asset buy-backs and agency agreements to provide returns to investors. The RBI did not respond to a request for comment on Cheraman's case. But its decision appears to open the door to the possibility of more NBFCs offering Islamic non-interest products in future, even though full-fledged Islamic banks are expected to remain banned.

mecomzyto197

Polish PM plans to replace Finance Minister Rostowski within months: sources

Earlier in August, the government's spokesman, Pawel Gras, said there were no indication that Rostowski's fate in the government would be in danger. But the other two sources, who are not members of the government but are in regular contact with senior policymakers, both said independently Tusk was planning to let Rostowski go within several months. Rostowski has been Poland's finance minister for six years, making him the country's longest-standing finance chief since the end of Communism in 1989. He has helped Poland become the European Union's sole member to avoid recession following the financial crisis.

Finance dept turns down proposal okayed by CM

The government also expects that there could be accretion to forex reserves unlike in 2011-12 when there was a drawdown. The plan clearly states how India will fund its CAD with specifics. World Bank chief economist Kaushik Basu , who a year ago was chief economic advisor to the government, also did not see any need to knock the door's of IMF, which is considered a sort of stigma not just in India but everywhere. "I don't think that we are in a situation where there is any need for that," Basu told reporters in Delhi when asked whether India should seek a credit line from the IMF. "India has enough foreign exchange reserves , so the question of having to turn to the IMF is not there." He pointed that when India went for a credit line in 1991, its reserves could finance imports for just a fortnight and the situation is a lot different now.

Personal Finance: Caution pays off in stocking up for school

An official told Dawn the department while rejecting the proposal ignored the ahard factsa presented by the health authorities before the chief minister mentioning that Sheikhupura had joined the club of the districts considered most vulnerable to dengue virus and it badly needed PCPE activation. Earlier, the Planning & Development Department had slashed 344 PCPE positions out of total 1,818 created for the five high-risk districts of Punjab. The health authorities had shared some reports with the chief minister at a meeting that clearly indicated that a majority of the dengue and larvae cases reported recently had surfaced in some tehsils of the Sheikhupura district. The meeting was held in Model Town to review preventive arrangements made by various departments for controlling dengue.

Won't seek credit line from IMF, says Finance Ministry

Won "It's our busiest time of the year," said Mo Castro, owner of a Once Upon a Child store on Arden Way in Sacramento, who says some parents even shop early for Halloween costumes. Consignment and used clothing stores are an incentive to clean out your kids' closets. Bring in their outgrown clothes and shoes and you could receive cash or in-store credits. Another option: Organize your own kids clothing swap.

August 19 2013

mecomzyto197

Personal Finance Tips For New York's Young Adults

Finance Pros Are Going Nuts Over A New Database That Lets Them Compare Their Compensation Anonymously

sumzero compensation Maintaining healthy debt levels and repayment practices provides significant positive or negative impact on your ability to get credit in the future. Understand credit and use it wisely. When used properly credit can be helpful. If not, credit can become a difficult burden. From student loans to credit cards to auto loans: know the terms and conditions; shop for low interest rates; make payments on time; and understand the ramifications of making a late payment or missing a payment. Know the ins and outs of credit reporting and its impacts on building a good credit score, which is used to determine eligibility for future credit including auto loans and home mortgages. Communicate.

Fate of Polish finance minister not known until November: deputy PM

Of course, it's a bit taboo as a subject matter goes, so it needs to be handled appropriately. But the bottom line is that the information is important, there's high natural interest, and it has high application value." SumZero You have to be a member of SumZero to submit, and you have to submit to see other submissions. Once that's out of the way though, you can imagine how valuable this information is. It includes a member's title, length of employment, salary (obviously), fund type, bonus, and location.

Credit: Reuters/Peter Andrews WARSAW | Sun Aug 18, 2013 3:03pm EDT WARSAW (Reuters) - Polish Prime Minister Donald Tusk will not decide whether to replace his finance minister until November, at the earliest, Deputy Prime Minister Janusz Piechocinski said on Sunday. Sources told Reuters on Friday Tusk was planning to dismiss Finance Minister Jacek Rostowski as part of a major cabinet reshuffle planned in a few months' time to help rebuild the flagging support for the ruling Civic Platform party. "In my opinion, whether Minister Rostowski will remain in the government will be decided in November at the earliest," Piechocinski told public radio. State television broadcaster TVP quoted a government spokesman as saying reports of Rostowski's departure were mere speculation and no decisions about individual ministers would be made until the middle of the government's four-year term, which started in November 2011.

mecomzyto197

City finance commissioner moves to Metropolitan Council on Jewish Poverty

Finance commish chosen to head Metropolitan Council on Jewish Poverty after Rapfogel firing

By Reuven Blau / NEW YORK DAILY NEWS Sunday, August 18, 2013, 7:08 PM Watts, Susan/New York Daily News The city finance commissioner David Frankel is slated to replace William Rapfogel. Related Stories Readers sound off on July 4th fireworks, MTA steel and Michael Jackson The city finance commissioner is leaving his post to take over the scandal-scarred Metropolitan Council on Jewish Poverty. At the end of September, David Frankel is slated to replace William Rapfogel, 58, who last week was fired from the nonprofit organization he headed for 21 years amid allegations of financial shenanigans. The Met Council did not immediately reveal what Frankels salary would be.

HFR 03-17-01 ADVANCE FOR THE WEEKEND OF MARCH 17-18DIGITAL IMAGE The social services giant is being looked at by the city Department of Investigation and the city has since suspended millions of dollars in funding to the Met Council, which gets a lions share of its $33 million budget from the federal, state and city governments. Rapfogel, whose wife is the chief of staff to Assembly Speaker Sheldon Silver, had been its CEO since 1992. He has apologized for wrongdoing without providing specifics. Frankel has served as Finance Commissioner since 2009.

Fate of Polish finance minister not known until November: deputy PM

Credit: Reuters/Peter Andrews WARSAW | Sun Aug 18, 2013 3:03pm EDT WARSAW (Reuters) - Polish Prime Minister Donald Tusk will not decide whether to replace his finance minister until November, at the earliest, Deputy Prime Minister Janusz Piechocinski said on Sunday. Sources told Reuters on Friday Tusk was planning to dismiss Finance Minister Jacek Rostowski as part of a major cabinet reshuffle planned in a few months' time to help rebuild the flagging support for the ruling Civic Platform party. "In my opinion, whether Minister Rostowski will remain in the government will be decided in November at the earliest," Piechocinski told public radio. State television broadcaster TVP quoted a government spokesman as saying reports of Rostowski's departure were mere speculation and no decisions about individual ministers would be made until the middle of the government's four-year term, which started in November 2011. Rostowski has been Poland's finance minister for six years, making him the country's longest-standing finance chief since the end of Communism in 1989.

mecomzyto197

Islamic finance courses create a buzz in Malabar

Fate of Polish finance minister not known until November: deputy PM

A I Rahmathullah, Chairman of the Board of Studies in Arabic at the Calicut University, said that the university, in another first, has also approved the proposal for starting a MA Course in Islamic Economics and Finance "Already several institutions have approached the varsity with interest to start PG course in the field which prompted the Board of Studies to consider the programme. We will draft the syllabus and curriculum as soon as we get the nod from the Academic Council," he said. Institutions like Al Jamia Al Islamiya, a religious college, at Santhapuram have also been seeing growing interest for its postgraduate diploma in Islamic economics and finance (PGDIEF) course. It also offers diploma courses of IGNOU in Islamic banking, Islamic finance and Islamic insurance.

City finance commissioner moves to Metropolitan Council on Jewish Poverty

Amanda Bynes hides under a blanket as she leaves the Hillmont Psychiatric Center Hospital. The current Chairman of the State Bank of India, Pratip Chaudhuri, is to retire next month. As per the existing norms a candidate is eligible for the interview of the post of the Chairman if he/she has at least two years of service left before the retirement. As per the guidelines only one of the four Managing Directors, Arundhati Bhattacharya, is eligible for the post of the Chairman of the bank. However, there have to be at least two candidates in the selection process. Therefore, if the residual service period norm is relaxed, others could also appear for the interview, according to officials.

Finance Ministry seeks relaxation in selection norms for SBI chief post

State Bank of India At the end of September, David Frankel is slated to replace William Rapfogel, 58, who last week was fired from the nonprofit organization he headed for 21 years amid allegations of financial shenanigans. The Met Council did not immediately reveal what Frankels salary would be. Rapfogel, who made $417,000 a year, was canned after the Mets board found financial irregularities under his tenure. Rapfogel is believed to have purchased insurance policies at inflated prices using the Met Councils money and then received kickbacks from the agent, Century Coverage Corp., a source said.

Sources told Reuters on Friday Tusk was planning to dismiss Finance Minister Jacek Rostowski as part of a major cabinet reshuffle planned in a few months' time to help rebuild the flagging support for the ruling Civic Platform party. "In my opinion, whether Minister Rostowski will remain in the government will be decided in November at the earliest," Piechocinski told public radio. State television broadcaster TVP quoted a government spokesman as saying reports of Rostowski's departure were mere speculation and no decisions about individual ministers would be made until the middle of the government's four-year term, which started in November 2011. Rostowski has been Poland's finance minister for six years, making him the country's longest-standing finance chief since the end of Communism in 1989.

mecomzyto197

Yahoo! Finance To Be Overhauled

Ethica Launches Master Class Series to Teach AAOIFI's Islamic Finance Standards

( NASDAQ:YHOO ) Chief Executive Officer Marissa Mayer has been making a lot of changes at the company since taking the helm, and were about to see another one. Shes planning on giving Yahoo! Finance a makeover. This includes both the desktop site and the app, and some users of both are a little bit concerned. Concerns about Yahoo!

File picture shows a Yahoo logo at the CES in Las Vegas Ethica's spokesperson said, "Professionals want practical knowledge, not theory. Learning AAOIFI standards from a practitioner who has years of experience of actually working inside an Islamic financial institution gives one an immense advantage over untrained and uncertified peers. Competition for the fewer jobs available in the current Islamic finance market means that we are seeing more professionals turn to institutes for practical knowledge, certification, and career advancement." The Dubai-based institute's clients include large institutions like Mashreq Bank which trained 1,000 employees using Ethica, Abu Dhabi Islamic Bank, and La Trobe University. Only 30 individuals will be permitted to enter into the launch of this highly exclusive master class series. "We want online attendees to have a highly interactive relationship with the trainer.

Consumer Finance Company Coming Soon to Austintown, OH

TMX Finance is hiring the Austintown area, said Lindsey Reed, Vice President of Talent Acquisition for TMX Finance. We are interested in meeting with outgoing individuals to help expand our team. Position Descriptions and Qualifications: General Manager: A general manager is responsible for overseeing and managing the stores day to day operations and performance. This individual should encourage store growth and increase profitability through the management of customer relations, operating costs, sales and collections. Qualified candidates must be at least 19 years of age, have a valid drivers license and car insurance, and pass a credit and criminal background check to include a driving history report, also referred to as an MVR. Salary: Individuals can earn between $40,000 and $150,000 as a general manager.

August 17 2013

mecomzyto197

Councilwoman Melissa Mark-Viverito lands bonanza payout from city Campaign Finance board

NorthStar Realty Finance Announces Pricing of a $531.5 Million Floating Rate CMBS Transaction

He will get $64,438. Mark-Viverito managed to persuade the board that her challengers are formidable. Top payouts among incumbents included Mark-Viverito and Steve Levin (D-Williamsburg), who also got $87,780, and Jumaane Williams (D-Flatbush) who recieved $21,945, records showed. The board expects to announce more payments later this month.

McKinsey consultant Krstic to be Serbian finance minister

There are concerns the two-stage hike from next April could stifle the economy just as it is picking up, and there have been calls for offsetting measures such as a cut in corporate taxes. "Given that only some 30 percent of firms pay corporate taxes, I don't think lowering corporate tax rates would have an immediate impact," Finance Minister Taro Aso told a news conference after a cabinet meeting on Thursday. There were reports this week that Abe was considering a corporate tax cut as a trade-off to ensure support for the sales tax increase. Aso, who is also deputy prime minister, said tax breaks to encourage capital spending could be considered and the government might look at other steps if the sales tax is raised. Chief Cabinet Secretary Yoshihide Suga said Abe would consult experts and the business sector before making any decision on corporate tax cuts.

Marissa Mayer, Please Don't Screw Up Yahoo! Finance

These statements are based on NorthStar's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements; NorthStar can give no assurance that its expectations will be attained. Forward-looking statements are necessarily speculative in nature, and it can be expected that some or all of the assumptions underlying any forward-looking statements will not materialize or will vary significantly from actual results. Variations of assumptions and results may be material. Factors that could cause actual results to differ materially from NorthStar's expectations include, but are not limited to, the CMBS transaction closing on the terms anticipated, if at all, the timing of any such closing, the timing of the underlying loans being repaid, the duration of the CMBS transaction, the ability to earn the approximate 13% expected yield on the Retained Interests and the factors described in Item 1A of NorthStar's Annual Report on Form 10-K for the fiscal year ended December 31, 2012 under the heading "Risk Factors." The foregoing list of factors is not exhaustive.

TABLOIDS OUT; NO BOOK PUBLISHING WITHOUT PRIOR APPROVAL. NO ARCHIVE. NO RESALE. Finance would go a long way towards building out Yahoo!'s mobile presence and making Yahoo!'s properties "daily habits," as Mayer has put it. Nobody likes change, especially when it comes to their favorite things. I know mobile Yahoo! Finance badly needs a redesign, and I'm all in favor of that.

Japan finance minister doubts effectiveness of a corporate tax cut

CDT, August 14, 2013 BELGRADE (Reuters) - A U.S.-educated McKinsey consultant is to be named Serbia's new finance minister as part of a cabinet reshuffle agreed in July, an official and local media said on Wednesday. Serbian Yale graduate Lazar Krstic, who is about 30, agreed to take the post after meetings with Serbian Deputy Prime Minister Aleksandar Vucic in Belgrade, said a government official familiar with the talks who asked not to be named. "Krstic has agreed to take the post, he also presented his plans to Vucic," the source said without elaborating further. Serbia's state-run RTS TV also quoted Vucic's advisor Sinisa Mali as saying: "Krstic will be new finance minister as of August 26." Parliament is expected to confirm the appointment of Krstic and at least three new ministers at a session on August 26, when Prime Minister Ivica Dacic is scheduled to present his new cabinet line-up.

mecomzyto197

United Asia Finance May Seek Hong Kong IPO If Valuations Improve

United Asia expanded lending on the mainland last year by more than 60 percent to more than 2 billion yuan ($327 million), compared with 10 percent growth in its Hong Kong loan book, which totaled HK$8.3 billion ($1.1 billion), Chief Executive Officer Akihiro Nagahara said in an interview on Aug. 9. The company has invested more than 4 billion yuan in its China operations. Listing will improve our transparency and help us get capital for expansion, Nagahara said.

ING Real Estate Finance Announces Sale of USD 1.6 Billion of U.S. Commercial Real Estate Loans to Wells Fargo Bank, N.A.

market conditions to generate strong interest in the loan portfolio among a high-quality pool of potential buyers," said Michael Shields, Managing Director and Head of ING Real Estate Finance Western Europe, UK, USA and Structured Products. "As ING sharpens the focus of its Real Estate Finance business, we will continue to deliver tailored real estate financing solutions in our other Real Estate Finance markets." "As the number one commercial real estate lender in the U.S., adding high-quality, performing loans to our portfolio is consistent with our business strategy and risk management practices," said Mark Myers, Head of Commercial Real Estate at Wells Fargo. "Many of our existing customers have loans in this portfolio as well, and we look forward to meeting the needs of those customers while strengthening our Commercial Real Estate business through this acquisition." Morrison & Foerster LLP served as counsel to ING Real Estate Finance in the transaction, while Dechert LLP served as counsel to Wells Fargo Bank, N.A. About ING Real Estate Finance ING Real Estate Finance is one of the leading commercial real estate financiers with a portfolio of over EUR 28 billion. We provide global coverage to clients from offices throughout Europe and Asia.

Japan finance minister doubts effectiveness of a corporate tax cut

There are concerns the two-stage hike from next April could stifle the economy just as it is picking up, and there have been calls for offsetting measures such as a cut in corporate taxes. "Given that only some 30 percent of firms pay corporate taxes, I don't think lowering corporate tax rates would have an immediate impact," Finance Minister Taro Aso told a news conference after a cabinet meeting on Thursday. There were reports this week that Abe was considering a corporate tax cut as a trade-off to ensure support for the sales tax increase. Aso, who is also deputy prime minister, said tax breaks to encourage capital spending could be considered and the government might look at other steps if the sales tax is raised.

Do Behavioral Finance and Impact Investment Make Good Bedfellows?

The bonds have not been registered under the Securities Act or applicable state or foreign securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy the bonds. About NorthStar Realty Finance Corp. NorthStar Realty Finance Corp. is a diversified commercial real estate investment and asset management company that is organized as an internally managed REIT.

NorthStar Realty Finance Announces Pricing of a $531.5 Million Floating Rate CMBS Transaction

I just dont think much of them. You expand it to the retail investor, but you expand it in ways that are not befitting of anyone whoI dont know what you call itjust plain honest. Professor Terrance Odean, Rudd Family Foundation Professor of Finance at Berkeleys Haas School of Business, does not believe behavioral finance principles will aid impact investors: I have not previously thought about the implications of behavioral finance for impact investing. No significant implications occur to me.

mecomzyto197

Ex-Div Reminder for New Mountain Finance (NMFC)

NMFC+Dividend+History+Chart As a percentage of NMFCs recent stock price of $14.63, this dividend works out to approximately 0.82%, so look for shares of New Mountain Finance Corp to trade 0.82% lower all else being equal when NMFC shares open for trading on 8/16/13. Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen or click here to find out which 9 other stocks going ex-dividend you should know about, at DividendChannel.com Below is a dividend history chart for NMFC, showing historical dividends prior to the most recent $0.12 declared by New Mountain Finance Corp: In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from NMFC is likely to continue, and whether the current estimated yield of 3.28% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of NMFC shares, versus its 200 day moving average: Looking at the chart above, NMFCs low point in its 52 week range is $13.53 per share, with $15.83 as the 52 week high point that compares with a last trade of $14.68.

4 Tips for MBA Applicants From a Finance Background

But the slowdown, which saw the economy flirt with contraction at the turn of the year, proved deeper than Rostowski had anticipated, forcing him in July to raise the deficit and cut public spending. Tusk's ruling Civic Platform party has been losing support because of the economic downturn. No decision has yet been made about who would replace Rostowski. Janusz Lewandowski, currently an EU budget commissioner, has been mulled for the post but two of the sources said he had told them that he was not interested.

Polish PM plans to replace Finance Minister Rostowski within months: sources

It may feel like everyone around you is also applying to MBA programs this year. The positive aspect of this is that people you know from work, from college or perhaps even your sister's cousin-in-law are now students or alumni at your target schools. Reach deeply into your network and talk to everyone you can about your goal. Having personal touch points at your target schools will allow you to put together compelling essays. At some schools, you may benefit from supplemental letters if a friend or contact is especially supportive of your candidacy.

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