CNBC’s Jim Cramer said Friday that three key events next week will determine whether the nightmare month for the stock market continues into October. Here are the events: investment related news 3 takeaways from our daily meeting: Still oversold, dipping into token stocks, club names in the news The release …
Read More »Monthly Archives: September 2022
Pune Police Blast Instant Loan Apps Call Center, 18 Detained
Pune cyber police have arrested 18 people in the loan application harassment case. Up to 4,778 Punekars have filed complaints with Pune Cyber Police for harassment, threats and abuse by loan application officers since 2020. Earlier, cyber police busted a loan app call center in Bengaluru in a case where …
Read More »Housing Deposit Assistance Program now available to S’wak first-time home buyers with bank loans
Abang Johari (front, third from right) flanked by Dr. Sim (right) with others at the Sheda Property Expo groundbreaking ceremony at BCCK in Kuching on September 30, 2022. – Photo by Chimon Upon KUCHING (September 30): First-time home buyers who have applied for loans from commercial banks or private financial …
Read More »Last Russian-Ukrainian War: What We Know As of Day 219 of the Invasion | Ukraine
Vladimir Putin signed decrees paving the way for the formal annexation of the occupied Ukrainian regions of Kherson and Zaporizhzhia to Russia. On Friday, the Russian president is expected to sign into law the annexations of four Ukrainian regions – Kherson, Zaporizhzhia, Donetsk and Luhansk – where Russia held mock …
Read More »Royal Bank of Canada (TSE:RY) receives C$137.00 price target at Barclays
Royal Bank of Canada (TSE:RY – Get a rating) (NYSE:RY) was assigned a price target of CA$137.00 by research analysts at Barclays in a research report delivered to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has an “overweight” rating on shares of the financial services provider. BarclaysThe …
Read More »Individual investors among major shareholders of Launch Tech Company Limited (HKG:2488) saw the value of their holdings increase after shares jumped 13% last week
To get an idea of who really controls Launch Tech Company Limited (HKG:2488), it is important to understand the ownership structure of the company. And the group that holds the biggest slice of the pie are individual investors with 57% ownership. That is, the group will benefit the most if …
Read More »Turkey bows to US pressure, cuts ties with Russian banks – Kyiv Post
Turkey’s booming wartime trade with Moscow took a giant leap on Wednesday with confirmation that the last three banks still processing Russian card payments were pulling out under pressure from Washington. The decision follows weeks of increasingly blunt warnings from the United States to NATO member Turkey either to limit …
Read More »Stifel and Korea Investment & Securities form partnership
ST. LOUIS and SEOUL, South Korea, Sept. 27, 2022 (GLOBE NEWSWIRE) — Stifel Financial Corp. (NYSE: SF) and Korea Investment & Securities Co., Ltd. (KIS), a subsidiary of Korea Investment Holdings, today announced the formation of a major leveraged loan joint venture, SF Credit Partners. At the same time, Stifel …
Read More »Brickflow launches loan sourcing and consolidation platform for brokers
“By giving brokers and their clients instant access to development funding, they can quickly determine if a site is viable, saving all parties countless hours of time.” Once a broker registers as a Brickflow user and enters developer project details, the platform sources loans from over 40 lenders within two …
Read More »Takeda Hires Real Chemistry’s Molly Rabinovitz Stock as US Business Unit Storyteller
DEERFIELD, MA: Takeda has hired Molly Rabinovitz Stock as the US business unit storyteller. “There’s nothing better than having the chance to work alongside people I’ve loved working with in an agency for the past seven years and for a company I truly admire,” Stock said. through LinkedIn. She could …
Read More »ECB eyes blockchain technology to keep central bank money competitive
Editor’s Note: With such volatility in the markets, stay up to date with daily news! Get our quick roundup of today’s must-see news and expert opinion in minutes. Register here ! (Kitco News) – According to ECB Executive Board Member Fabio Panetta, the European Central Bank (ECB) …
Read More »Lawsuit filed against FBI raid on 1,400 boxes at US branch of private safes
Vault holders whose assets were seized by the FBI in a raid in March 2021 are suing the bureau. The agency raided US private safes and seized the contents of 1,400 safes. A lawyer involved in the class action said the FBI raid was the “largest armed robbery in United …
Read More »DWP’s interest-free loan gives people £812 for essentials
Claimants of certain Department for Work and Pensions (DWP) benefits could be eligible for a loan of hundreds of pounds to pay for essential goods or services. People claiming income support, income-based jobseeker’s allowance (JSA), income-related employment and support allowance (ESA) or pension credit may unknowingly be claiming a budget …
Read More »A director of The Toro Company (NYSE: TTC) sells $156,640.00 in stock. –
On September 22, Katherine J. Harless, a member of the board of directors of The Toro Company (NYSE: TTC), sold 1,780 common shares of the company. The stock was sold for a total value of $156,640.00, with an average price per share of $88. This resulted in the sale of …
Read More »Ukraine has attracted $11 billion via the World Bank since the conflict with Russia
Ukrainian Prime Minister Denys Shmyhal said his country had attracted $11 billion from its partners through the World Bank (WB) since the start of the military conflict between Russia and Ukraine. “Loans and grants, including from the United States and Britain, totaling approximately $11 billion have been raised through …
Read More »European stocks slide 2.8% after weak eurozone data and new UK economic plan
European stocks were down sharply on Friday as investors digested a series of central bank decisions and a new economic plan from the UK The Stoxx 600 fell 2.8% in the early afternoon, with all sectors and major exchanges trading in the red. Oil & Gas stocks and Basic Resources …
Read More »Personal loan interest rates in 2022 – Forbes Advisor INDIA
A personal loan, like other personal loans, is available for people who have a stable income and need instant capital to finance their needs. Financial institutions in India offer personal loans and charge a certain rate of interest on the principal amount when the monthly equivalent installment (EMI) commences. The …
Read More »NexPoint Capital, Inc. Announces Tender Offer for Common Stock
DALLAS, September 22, 2022 /PRNewswire/ — NexPoint Capital, Inc. (the “Company”), an unlisted business development company sponsored and managed by NexPoint Advisors, LP, today announced the expiration and final results of its tender offer (the “Offer”) for up to 2.5% of its outstanding common shares (“Shares”) at a price of …
Read More »Byline Bank’s Evanston Arts Center video wins Telly Prize
EVANSTON, IL – Byline Bank congratulates Bottle Rocket Media on their recent Telly Award win for their video production Byline Bank – The Evanston Arts Center Video. The video was produced in conjunction with Byline Bank and The Evanston Arts Center as part of an ongoing “Small Business, We’ve Got …
Read More »Live updates: UK regulators probe competition and big tech in cloud market
The yen fell to a new 24-year low after the Bank of Japan pledged to continue its ultra-loose monetary policy, but quickly reversed, sparking speculation that the Japanese authorities would intervene. The BoJ’s move exacerbated a global divergence in yields after the Federal Reserve implemented a third consecutive 0.75 percentage …
Read More »The future of private banking hiring levels increased in August 2022
The proportion of private banking firms hiring for roles related to the future of work remained relatively stable in August 2022 compared to the equivalent month last year, with 62.8% of firms included in our analysis hiring for at least one of these positions. The latter figure was higher than …
Read More »Kinetic Green partners with Tata Capital to offer instant loans for electric two-wheelers
Kinetic Green Energy and Power Solutions, an Indian electric vehicle manufacturer, has partnered with Tata Capital to enable customers wishing to purchase Kinetic Green’s electric two-wheelers to access digital loans at Kinetic Green dealerships across India. Kinetic Green has so far designed, manufactured and cumulatively sold more than 45,000 electric …
Read More »Stock multibagger: solar company yields 850% return in one year. Do you own?
Multibagger stocks: Shares of Solex Energy Limited have steadily reached the upper circuit. The stock is one of the multibagger stocks that the Indian stock market has produced over the past year. In Tuesday’s session, this NSE SME stock jumped 5% and reached the upper circuit at ₹463.05 levels each. …
Read More »China leaves lending benchmarks unchanged amid tighter global rates
People wearing face masks walk past the headquarters of China’s central bank People’s Bank of China (PBOC), April 4, 2020. REUTERS/Tingshu Wang/File Photo/File Photo Join now for FREE unlimited access to Reuters.com Register SHANGHAI, Sept 20 (Reuters) – China kept key rates unchanged at a monthly fixing on Tuesday, as …
Read More »Ukrainian Infrastructure Minister talks to VOA
VOA Eastern Europe Bureau Chief Myroslava Gongadze spoke with Ukrainian Infrastructure Minister Oleksandr Kubrakov about a United Nations program to deliver Ukrainian grain to the world and the efforts of his countries to replace bridges damaged during the Russian invasion. Transcript has been edited for length and clarity. VOA: After …
Read More »Will the bulls make a comeback or will the bears drag Nifty to 17150? 5 things to know before the stock market opens
The Indian stock market is expected to open in the green on Monday as SGX Nifty trends hinted at a positive start for Indian benchmarks, with a gain of 43 points. In the previous session, the BSE Sensex fell nearly 1,100 pts to 58,841, while the NSE Nifty 50 plunged …
Read More »Learn with ETMarkets: delisted shares in your demat account? Here’s what you can do
With stocks and initial public offerings (IPOs) skyrocketing and making money, the volatility in the bull market can be endless. Nevertheless, market reversals are inevitable and when the disgrace of a listed company occurs, as it normally happens on many occasions on the stock exchange, the school conditions for delisting …
Read More »Short-term stake in Woori Financial Group Inc. (NYSE:WF) drops 27.8%
Woori Financial Group Inc. (NYSE:WF – Get Rating) was the target of a sharp drop in short-term interest in August. As of August 31, there was short interest totaling 59,000 shares, down 27.8% from the total of 81,700 shares as of August 15. Based on an average daily trading volume …
Read More »Ukraine deals another blow to Russia as it crosses the front line on the Oskil River
A video allegedly shot from a Ukrainian tank and uploaded to Twitter was geotagged in Kupiansk, on the east bank of the Oskil River. It showed the city broken and destroyed. On the left of the video footage are the wreckage of two smoldering and apparently abandoned Russian tanks, one …
Read More »Data science will be crucial for future bankers
Data science is the oil of the modern age that enables every economy/industry to thrive. This has an impact on all industries. The broader field of data science encompasses a wide range of fields such as data analysis, data visualization, programming, predictive analytics, etc. Simply put, data science is now …
Read More »Chinese loan applications: ED freezes Rs 46 cr kept in payment gateway accounts
The ED on Friday said it froze funds of Rs 46.67 crore from merchant entities kept in online payment gateway accounts of Easebuzz, Razorpay, Cashfree and Paytm following raids this week against a “Chinese-controlled” investment token application. The funds were frozen under the anti-money laundering law. The latest …
Read More »Instant gratification is catching up with US consumers | North West
NEW YORK — Americans have become fond of “buy now, pay later” services, but the “pay later” part is becoming increasingly difficult for some borrowers. Buy now, pay later loans allow users to pay for items such as new sneakers, electronics, or luxury goods in installments. Companies such as Affirm, …
Read More »Small cap company sets record date for 10:1 stock split. Details here
2022 stock split: The board of directors of the small cap company Leading Leasing Finance and Investment Company Ltd has set September 22, 2022 as the record date for the share split. This means that the small cap shares will trade ex-split on September 21, 2022. The company’s board has …
Read More »FirstFT: Putin admits there is a split between Moscow and Beijing
This article is an on-site version of our FirstFT newsletter. Sign up for our Asia, Europe/Africa or Americas edition to get it delivered straight to your inbox every weekday morning Hello. Russian President Vladimir Putin has acknowledged Chinese “concerns” over the war in Ukraine in the first public admission of …
Read More »Live news: Kwarteng to present UK mini budget next week
Volodymyr Zelenskyy, President of Ukraine, suffered no serious injuries after being “examined by doctors” following a car accident on his return to Kyiv, the Ukrainian capital, after visiting the regions of the Far East recently liberated from the invading Russian army, its spokesman said. “In Kyiv, a car collided with …
Read More »Outstanding Private Bank Rating for Community Reinvestment Initiatives
Morgan Stanley Private Bank, National Association, a national subsidiary of Morgan Stanley (NYSE: MS), has received the highest rating from the Office of the Comptroller of the Currency (OCC) for its work meeting the credit needs of communities it primarily serves New York and Westchester County, NY. The company received …
Read More »An Indian company with stakes in some of the most interesting unlisted stocks…
Unlisted companies are a beautiful thing. Especially the most profitable and recognized ones, because they have enormous growth potential. They don’t have to undergo the rigorous scrutiny they would need if they were publicly traded. To put it simply, these companies can become much more profitable once they join the …
Read More »e-CNY trading volume tops $15 billion in 2022
China’s central bank called for the orderly expansion of the scope of the digital yuan pilot project through interconnectivity with traditional electronic payment tools to make its usage scenarios more convenient for customers. Quoted by the government-run news portal China.org.cn, Fan Yifei, vice governor of the People’s Bank of China, …
Read More »Russia’s withdrawal from Ukraine will not save Europe from recession this winter
Yet even if the conflict continues to turn in favor of Ukraine, Europe is unlikely to avoid a recession this winter, given the energy crisis triggered by the February invasion. “I don’t think it’s likely [that] suddenly Ukraine pushes back Russian forces, war ends, Russian gas flows to Europe resume …
Read More »KB opens Korea’s largest high-end private bank branch
From left to right, KB Securities Co-CEO Kim Sung-hyun, KB Securities Co-CEO Park Jeong-rim, actor Lee Young-ae, KB Financial Group Chairman Yoon Jong-kyoo, CEO of KB Kookmin Bank Lee Jae-keun and KB Kookmin Bank Senior General Manager Choi Jae-young pose for a photo during the opening ceremony of KB Gold&Wise …
Read More »Regulators Tighten Thailand Crypto Market Rules
The Thai SEC has tightened the rules relating to the crypto market, while the central bank receives more powers to regulate the market. Meanwhile, the country’s Gulf Energy Development is looking to launch a crypto exchange. Thai regulators are taking an aggressive stance on the crypto market as authorities pass …
Read More »EBRD to help finance transition from gas to wind in Egypt
The head office of the European Bank for Reconstruction and Development (EBRD) is seen in London, Britain November 22, 2016. REUTERS/Stefan Wermuth Join now for FREE unlimited access to Reuters.com Register CAIRO, Sept 11 (Reuters) – The European Bank for Reconstruction and Development (EBRD) will help finance the dismantling of …
Read More »Demand for loans to priority sectors is expected to increase
Bombay : Demand for loans to priority sectors is expected to increase with the resumption of credit drawdowns and the impending merger of HDFC with HDFC Bank. According to a Motilal Oswal report released on Friday, the trading volume of Priority Sector Lending Certificates (PSLC) increased by 12.4% to reach …
Read More »Pembina Pipeline Company (NYSE: PBA) declares a monthly dividend of $0.17.
(NYSE: PBA-Get Rating) (TSE: PPL) announced that it will begin paying a monthly dividend beginning September 7. On Friday, October 14, the pipeline company will pay a dividend of $0.166 per share to shareholders who were of record as holding shares as of Friday, September 23. The dividend payment will …
Read More »Renminbi clearing center in Mauritius will boost economic ties between Africa and China: entrepreneur – Xinhua
A staff member presents banknotes and coins included in the 2019 edition of the fifth series of the renminbi at a branch of the Industrial and Commercial Bank of China in Beijing, capital of China, Aug. 30, 2019. (Xinhua/ Chen Yehua) A clearing center for Chinese currency renminbi, or yuan, …
Read More »The week in 5 graphs | Queen Elizabeth II dies, debt traps via instant loan apps and more
Here are 5 charts that will help you understand some of the key stories from this week Here are 5 charts that will help you understand some of the key stories from this week (1) Queen Elizabeth II, UK’s longest-serving monarch, dies Britain’s oldest reigning monarch, Queen Elizabeth II, died …
Read More »Insider Selling: CEO of First Western Financial, Inc. (NASDAQ: MYFW) Sells 1,953 Shares
First Western Financial, Inc. (NASDAQ: MYFW – Get a rating) CEO Scott C.Wylie sold 1,953 shares of First Western Financial in a trade dated Friday, September 9. The stock was sold at an average price of $26.68, for a total value of $52,106.04. As a result of the sale, the …
Read More »Ukraine’s surprise comeback could boost markets
European markets closed higher on Friday, as did markets in the Asia-Pacific region. The Dow (UNDUE) jumped more than 200 points in the United States and the major indexes appeared on track to end a three-week recession. Stock prices tend to rise on news of Ukrainian gains or improvement on …
Read More »Deere Stock Rating jumps; Can he run higher?
Deere & Co. (DE) has been using the advertising slogan “Nothing works like a Deere” for more than 40 years. It’s unclear if Deere’s stock is running right now or just moving forward. The iconic farm equipment manufacturer’s stock formed mug base with handle, one of the best designs for …
Read More »Stock futures fall after another day of losses amid soaring Treasury yields
Equity futures were slightly lower on Wednesday morning after major averages added weeks of losses amid a jump in bond yields. Dow Jones Industrial Average futures were 115 points lower. S&P 500 futures were down slightly by 0.37% and Nasdaq 100 futures were also down 0.31%. Shares added to their …
Read More »Two Mid-Cap Battery Stocks Outperform Markets; shares climb 6-9% in one day. Should I buy?
Amid a robust rally in markets on Monday, two battery stocks in the mid-cap basket outperformed benchmarks. These two stocks were Amara Raja Batteries and Exide Industries. Both gained between 6 and 9% in a single day. Meanwhile, the Sensex and Nifty 50 benchmarks climbed more than 0.7% on the …
Read More »The danger of over-collateralized lending to DeFi and the new type of Solo protocol lending
“If you don’t know what crypto leverage is, you don’t know anything about crypto, no matter what you think you know.” These are the words of Dr. Michael Burry, Founder of Scion Capital, once played by Christian Bale in The big short. The regular Cassandra (as her Twitter account puts …
Read More »African Export Import Bank: ACTIF2022 ends with a commitment to build a trade bridge for shared prosperity
Bridgetown, Barbados, September 03, 2022: The AfriCaribbean Trade and Investment Forum 2022 (ACTIF2022) successfully concluded in Bridgetown, Barbados with a commitment from participants to erase the scars of the past and build a trade bridge to forge a prosperous future for Africa and the Caribbean. In the communiqué presented at …
Read More »Ukrainian Zelenskiy warns Europe to prepare for winter energy crisis
Join now for FREE unlimited access to Reuters.com Register Zelenskiy: Russia plans ‘decisive energy blow for all Europeans’ Russia delayed the reopening of the pipeline, a blow for Europe IAEA says line down at Zaporizhzhia plant but backup works US Ambassador to Russia steps down KYIV, Sept 4 (Reuters) – …
Read More »Alvarez & Marsal Releases Saudi Arabia Q2 2022 Banking Pulse | Alvarez & Marsal | Management consulting
Return to profitability for Saudi banks with moderate growth of 2.7% Loans and advances (L&A) growth continued to outpace deposit growth Net interest margin (NIM) improved for the first time in the last four quarters, supported by higher benchmark rates Kingdom of Saudi Arabia – September 04, 2022 – Leading …
Read More »Why Devon Energy shares jumped 12% in August
What happened Shares of Devon Energy (DVN 3.20%) rebounded 12.4% in August, according to data provided by S&P Global Market Intelligence. Second-quarter results and news that it is buying more cash-generating oil assets fueled the oil producer’s gain. It continued on oil stocksof this year’s fierce rally, with stocks soaring …
Read More »ED attacks Razorpay, Cashfree, Paytm in Chinese instant loan app case and seizes Rs 17 crore
New Delhi: The Law Enforcement (ED) Directorate raided online payment gateways such as Razorpay, Cashfree, Paytm on Saturday as part of an ongoing investigation into the case of the chinese instant loan app. The raids are currently underway at six premises in Bangalore. The case is based on 18 FIR …
Read More »This is how China manages the yuan
Comment this story Comment It is not easy to monitor how the People’s Bank of China operates its “managed float” system for the foreign exchange market: the central bank has various tools, public and hidden. Some are more transparent, such as the daily reference rate; others are murky, such as …
Read More »Will the recent rises of the dollar end in a bullwhip? | Kenneth Rogoff
Jhe US dollar collapsed this summer. The Japanese yen and the euro fell to their lowest levels against the greenback in two decades; the euro, which had long been worth more than a dollar, is now approaching parity. The U.S. Federal Reserve’s trade-weighted broad dollar index has nearly recovered to …
Read More »1,859 mobile apps, mostly iOS, storing hard-coded credentials for AWS databases
According to research by Symantec, no less than 1,859 publicly available Android and iOS apps contain hard-coded AWS credentials. Unsafe mobile app development practices pave the way for such supply chain vulnerabilities. AWS access tokens are active in approximately 77% (1,431) of these 1,859 applications, giving hackers access to AWS …
Read More »Dow and S&P 500 close higher to end four-day losing streak and start September
The Dow Jones Industrial Average and S&P 500 ended the first day of September on a high note as traders eagerly awaited Friday’s jobs report. The Dow pared its losses from the start of the day, struggling with the flatline through the close and surging 145.99 points, or nearly 0.5%, …
Read More »Laredo police see rise in scam calls targeting student borrowers
LAREDO, TX. (KGNS) – The Laredo Police Department is seeing an increase in scam calls targeting people with student loans. Student loans can sometimes help you pay for college or build your credit, but email and phone scammers are willing to steal your personal information to make a quick buck. …
Read More »Dragonfly Financial Technologies Launches as Market Leader in Digital Banking Solutions for Businesses
Large commercial bank customer base in 11 countries with $6 trillion assets combined to benefit from a laser-like focus on API strategy, innovation and customer success ATLANTE, September 1, 2022 /PRNewswire/ — Dragonfly Financial Technologies Corp., a digital banking and cash management fintech, today announced that it has officially launched …
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