Finance

Developed nations urged to end bias towards debt-based finance

  The Organisation for Economic Cooperation and Development has called for developed countries to end their bias in favour of debt-based finance which it claims hinders economic growth. In a report showing that excessive debt was bad for economic growth, the Paris-based international organisation found that the growth of equity finance boosts economic performance in contrast to the harmful effects ... Read More »

RIVERSIDE COUNTY: Finance chief to retire in September

    Riverside County’s budget guru is retiring and will be replaced by a former finance director who served as treasurer/tax collector. Ed Corser’s last day will be Sept. 10, the county announced in a news release Thursday, June 18. He has served as finance director since February 2010. Corser previously held the job from January 1998 to May 2004. ... Read More »

6 personal finance hacks to maximise your savings

    Try out these six personal finance hacks next time you’re designing a spending or savings plan. 1. Sign up for some membership services…you’ll save in the long run Turned off by yearly membership services that you’re not sure you’ll use enough to break even? Sometimes, your reticence is well-placed (think: The annual amusement park membership your kids pressured ... Read More »

Russia Not Diversifying Away From U.S. Treasurys: Finance Minister

    Russia, which was planning to cut its exposure to Western sovereign bonds, hasn’t yet started cutting the amount of U.S. Treasurys in its reserves in favor of bonds issued by some of the largest emerging economies, Finance MinisterAnton Siluanov said Thursday. Speaking to reporters on the sidelines of an annual economic forum, Mr. Siluanov said that Moscow wanted ... Read More »

DIA fires senior finance official

Denver International Airport has terminated a senior financial officer who’s worked for the city for decades, city officials confirmed Thursday. KCNC-CBS4 broke the story Wednesday. Laura Trujillo, DIA’s financial controller, was let go after questions rose about her certifications and degrees, CBS4’s Brian Maassreported. She is appealing the termination. Trujillo told city officials she’d passed the CPA exam in 1994 ... Read More »

NSE to hold workshops for CBSE teachers on finance course

    Top bourse NSE will begin workshops on June 20 to train teachers across 15,000 schools with respect to Central Board of Secondary Education’s (CBSE) financial education course for students. The CBSE would introduce financial market management as a vocational course for class IX and X students from current academic session. The course is being offered in collaboration with ... Read More »

China should let banks set up Internet finance units -c.bank researcher

      China’s regulators should draw up clear rules allowing banks to set up online finance subsidiaries to fend off rising competition from technology giants that have expanded into banks’ traditional territory, a senior central bank researcher was quoted saying by a state-run newspaper. Policymakers should encourage financial institutions to be more proactive in areas such as peer-to-peer lending, ... Read More »

The arts, creativity and finance: how will funding evolve?

Martin Smith, special adviser, Ingenious It would be misleading to say that Ingenious finances the arts, although we are major contributors of philanthropic money, time and expertise to arts and education bodies. Primarily we are commercial investors, business builders and business operators, but we do collaborate with arts organisations in many different ways, both financial and non-financial. What we most ... Read More »

Capital Float to finance sellers on ShopClues.com

    Capital Float, a digital financing platform and ShopClues.com, an online marketplace today announced partnership to provide finance to e-commerce sellers across the country through ShopClues’ new financing programme called “Capital Wings”. The initiative will help ShopClues provide its merchants with access to capital, enabling them to increase their turnover on the platform and grow their businesses, Capital Float ... Read More »

Greece has not asked Russian finance ministry for aid – deputy minister

      Greece has not asked Russia’s finance ministry for financial assistance and its prime minister is visiting Russia to discuss joint projects, not to seek cash, Russian Deputy Finance Minister Sergei Storchak said on Thursday. With time running out for Athens to reach a reform-for-aid deal with its international creditors, Greek Prime Minister Alexis Tsipras arrived in St ... Read More »