Category: Financial Services

European Central Bank says risks have shifted from domestic

President of the European Central Bank Mario Draghi speaks during a news conference in Frankfurt, Germany, Thursday, March 9, 2017, following a meeting of the ECB governing council. FRANKFURT, Germany – The European Central Bank thinks the balance of risks facing the 19-country eurozone has shifted away from its own home-grown and drawn-out economic difficulties to the international arena.

European Central Bank says risks have shifted from domestic

President of the European Central Bank Mario Draghi speaks during a news conference in Frankfurt, Germany, Thursday, March 9, 2017, following a meeting of the ECB governing council. FRANKFURT, Germany – The European Central Bank thinks the balance of risks facing the 19-country eurozone has shifted away from its own home-grown and drawn-out economic difficulties to the international arena.

a Apprentices have been the key to our successa

A thriving financial services company which is set to achieve a A 1 million turnover this year claims its success is down to the dedication and hard work of its apprentices. Over the last two years Multicorp Rose, based at Copthall House , in Newcastle, has grown its workforce from three members of staff to a team of 17 and is well on track to hit its financial target this year.

SBI, associate banks merger: Share swap record date Mar 174 min ago

New Delhi, Mar 3 State Bank of India today fixed March 17 as the record date of share swap for the merger of its 5 associate banks with itself. The merger process of the associates banks – State Bank of Bikaner and Jaipur , State Bank of Mysore , State Bank of Travancore , State Bank of Patiala and State Bank of Hyderabad – will take effect from April 1. The executive committee of the central board of SBI fixed March 17 as the record date for determining the eligible minority shareholder of SBBJ, SBM and SBT entitled to receive equity shares of face value of Re 1 each, of SBI at the agreed swap ratio, the bank said in a regulatory filing on stock exchanges.

Akfen Working With Morgan Stanley, Goldman on Asset Sales an hour ago

Turkey’s Akfen Group is in talks with banks including Morgan Stanley and Goldman Sachs Group Inc. to advise on the sale of assets after completing its restructuring this month. The Ankara-based company is also in discussions with Credit Suisse Group AG and Deutsche Bank AG to find potential buyers for its overall holding businessAkfen Holding AS or stakes in individual companies such as Mersin International Port and renewable energy producer Akfen Yenilenebilir Enerji AS, Akfen Group Chairman Hamdi Akin said.

8 Rising Stocks That Are Still Undervalued

According to the GuruFocus All-in-One Screener , several gurus are focusing on stocks whose Peter Lynch fair values are far above the current price. The following stocks are trading with wide margins of safety and have positive performances over the past 12 months.

SBI Q3 profit zooms to Rs 2,610 cr

The country’s largest lender State Bank of India on Friday beat street estimates by reporting 134 per cent rise in standalone net profit to Rs 2,610 crore for the third quarter 31 December 2017. The net profit was Rs 1,115 crore in the same period of last year.

SBI Q3 profit zooms to Rs 2,610 cr

The country’s largest lender State Bank of India on Friday beat street estimates by reporting 134 per cent rise in standalone net profit to Rs 2,610 crore for the third quarter 31 December 2017. The net profit was Rs 1,115 crore in the same period of last year.

Analysts’ Recent Ratings Updates for Pioneer Natural Resources Company

Several brokerages have updated their recommendations and price targets on shares of Pioneer Natural Resources Company in the last few weeks: 2/8/2017 – Pioneer Natural Resources Company was upgraded by analysts at Societe Generale from a “hold” rating to a “buy” rating. 2/2/2017 – Pioneer Natural Resources Company had its “buy” rating reaffirmed by analysts at Canaccord Genuity.

Analysts’ Recent Ratings Updates for Pioneer Natural Resources Company

Several brokerages have updated their recommendations and price targets on shares of Pioneer Natural Resources Company in the last few weeks: 2/8/2017 – Pioneer Natural Resources Company was upgraded by analysts at Societe Generale from a “hold” rating to a “buy” rating. 2/2/2017 – Pioneer Natural Resources Company had its “buy” rating reaffirmed by analysts at Canaccord Genuity.

Qatar chief bags Air NZ for cancelling agreement that would have connected Kiwis to vast network

Qatar Airways Group CEO Akbar Al Baker with Nasser bin Hamad Al-Khalifa, Ambassador to Australia and New Zealand at the Qatar Airways press conference in Auckland. The head of Qatar Airlines Akbar Al Baker has slammed Air New Zealand for withdrawing from an agreement before it touched down on our shores, saying the move will prevent Kiwi travellers from connecting to a wide international flight network.

Frontline Ventures wraps up second fund

Dublin and London-based Frontline Ventures , an early-stage venture firm, has closed its second fund at 60 million euros. The firm backs B2B software companies, making investments that are between 200,000 euros and 3 million euros.

George Osborne defends six-figure sum roles on top of pay

My contribution to UK life, by five-jobs George: Osborne defends the roles that earn him six-figure sums on top of his MP’s salary These include pocketing A 620,000 from after-dinner speeches and taking up a controversial role with the US investment firm BlackRock George Osborne yesterday defended the jobs that earn him six-figure sums on top of his MP’s salary, claiming they are part of his ‘varied and interesting’ contribution to national life. The ex-Chancellor, who was sacked after the EU referendum , has been heavily criticised for accepting a string of well-paid roles while still serving on the Tory back benches.

Trump’s trade approach could harm world growth – ECB’s Visco

U.S. President Donald Trump’s approach to trade issues could trigger retaliation in other countries and harm global economic growth, European Central Bank policy maker Ignazio Visco said on Saturday. Bank of Italy Governor Ignazio Visco attends the session ‘Recharging Europe’ in the Swiss mountain resort of Davos January 23, 2015.

Canada trade minister: can resolve Bombardier funding without WTO

Jan 27 Canada’s newly appointed trade minister Francois-Philippe Champagne said on Friday he has told Brazil he is open to resolving a feud over funding for jet maker Bombardier without turning to the World Trade Organization. In December, Brazil said it will start proceedings against Canada at the WTO over what it calls unfair support worth $2.5 billion for Bombardier from the province of Quebec.

Goldman Fights Back in Suit Against Indonesian Businessman

Goldman Sachs Group Inc. filed a $1 billion counterclaim against an Indonesian businessman over ownership of shares in the company he manages. The U.S. bank is seeking damages to its reputation stemming from Benny Tjokrosaputro’s 15 trillion rupiah lawsuit alleging that it improperly obtained a stake in property developer PT Hanson International.

South Africa Scrambles as $10.3 Billion in Welfare Threatened

South Africa’s government, set to miss a deadline to appoint a new distributor of welfare grants worth about $10.3 billion a year to more than 17 million people, asked aspirant bidders to an information session as the end of a contract with Net 1 UEPS Technologies Inc. looms. The South African Social Security Agency, which oversees the monthly payment system, took the first step toward appointing a new distributor at the session in Pretoria on Jan. 13. It’s likely to take several more months to choose a winner, which will then have to put the necessary payment systems in place.

Dyslexic PhD student James Bond takes University of Sydney to the NSW anti-discrimination board

Despite testimony from former prime minister Julia Gillard, NSW Labor frontbencher Mick Veitch and former deputy premier Andrew Stoner, Mr Bond has been rejected for his PhD by three different universities, Newcastle, Macquarie and the University of Sydney, because he has dyslexia, he says. One of the biggest policy reforms in generations is about to change the lives of hundreds of thousands of Australians.

1 in 4 in NZ emergency departments affected by alcohol

The latest snapshot survey of alcohol-related presentations to emergency departments in Australia and New Zealand has shown once again that alcohol continues to impact on staff, patients and health systems in both countries. In New Zealand, the survey shockingly revealed that one out of four patients were there as a result of the harmful use of alcohol.

1 in 8 Emergency Department presentations related to alcohol

The latest snapshot survey of alcohol-related presentations to emergency departments in Australia and New Zealand has shown once again that alcohol continues to impact on staff, patients and health systems in both countries. In Australia the survey revealed that one out of eight patients were there as a result of the harmful use of alcohol.

Deutsche Bank chairman rules out pan-European merger -Frankfurter Allgemeine

Germany’s biggest lender last week announced a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis. “At the moment the fantasy for a pan-European merger is muted as we have other priorities,” Achleitner told the weekly newspaper in an interview published on Saturday.