Finance

Make Money on Stocks? – Invest in the Stock MarketMake Money on Stocks? – Invest in the Stock Market

STAMFORD — Taxpayers who wonder how their money is spent would be interested in a discussion among officials crafting the next city budget. It was about Indians vs. (bureau) chiefs, good managers vs. bad. Board of Finance members last week were asked to consider a request from Office of Operations Director Ernie Orgera to fund a position – chief of ... Read More »

Paragon Car Finance ‘takes pulse’ of burgeoning broker business

Paragon Car Finance’s latest biannual Headlight Report has revealed strong growth in the vehicle finance market during the second half of 2016 for the UK’s top 30 automotive brokers. Reflecting recent SMMT data which reported 175,000 new car registrations in January, 46% of brokers surveyed by Paragon saw an increase in new car finance applications in the six months to ... Read More »

Ireland voices anger over EU rivals wooing finance firms from London

The Irish Financial Services centre in Dublin, one of four main alternative locations for financial firms alongside Frankfurt, Paris and Luxembourg. Photograph: Niall Carson/PA Ireland has complained to the European commission that it is being undercut by rival centres competing to host financial firms looking for a base in the European Union outside London after Brexit. Last week, the US ... Read More »

The opportunity in refugee finance

As the World Bank and other official lenders promote financial inclusion in development programmes, specific payment and borrowing needs around refugee communities, particularly in the Middle East and Africa, have started to come into focus. The newly formed Tent Partnership for Refugees, hosted by yoghurt maker Chobani as the successor to President Barack Obama’s private sector call to action last ... Read More »

Jihadist rebel groups clash in northwest Syria – monitor

Syrian jihadists seen as close to Islamic State battled a rival hardline Islamist faction on Monday in northwestern Syria, a war monitor and an official with another insurgent group said, in an escalating power struggle. Jund al-Aqsa and Tahrir al-Sham clashed around Kafr Zeita in the countryside north of Hama, and near Tamaniaa, Khan Sheikhoun and Tal Aaas in southern ... Read More »

Co-operative bank puts itself up for sale

Britain’s Co-operative Bank (42RQ.L), rescued from the brink of collapse by a group of hedge funds in 2013, has put itself up for sale as it seeks to build up its capital to meet regulatory requirements. The bank said on Monday that it had made considerable progress implementing its turnaround plan, cutting its cost base by a fifth since 2014. ... Read More »

EU sees euro zone economy weaken this year, Britain to halve growth by 2018

Euro zone’s economic growth is expected to lose some speed this year and to rebound in 2018 while the British economy will nearly halve its expansion by 2018, the European Commission said on Monday, warning of higher political risks. The EU executive forecast that growth in the 19 countries sharing the euro would slow to 1.6 percent this year from ... Read More »

Apple to start making iPhones in India, says state government

Apple is to start making iPhones in the southern Indian state of Karnataka, the state’s government has said. Ministers said Apple would start an initial manufacturing operation in the state, whose capital is the tech hub Bangalore, in April. The tech giant has a 2% share of India’s mobile phone market, well behind South Korean rival Samsung. Apple has yet ... Read More »

US firms added 227,000 jobs in January

US businesses added 227,000 jobs in January, way above economists’ forecasts of about 175,000. The figure, from the Bureau of Labor Statistics, compares with December’s rise of 157,000, revised up slightly from last month’s first estimate. However, average pay barely rose, and the number of people working part-time but looking for full-time work rose. Even so, the jobs growth suggests ... Read More »

Trump to order review that could relax Dodd-Frank bank rules

US President Donald Trump is expected to take his first steps to scale back financial services regulations on Friday. He is due to sign an executive order to review the 2010 Dodd-Frank financial regulations, which some people on Wall Street say are overly-restrictive. The law was brought in after the 2008-09 financial crisis with the aim of avoiding another financial ... Read More »