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Serbia avoids early election with deal to oust finance minister

He said that the remaining coalition partners would decide on candidates for the cabinet reshuffle by August 20. Without the 16 seats of Dinkic's URS, the coalition retains a slim majority in parliament and the Balkan country avoids the prospect of a snap election, which would almost certainly have delayed its talks on joining the European Union. But his departure is a concern for investors worried about Serbia's growing budget gap and public debt, which have all but buried hopes of a new precautionary loan deal with the International Monetary Fund. "The exit of the URS moves the coalition's axis to the left, and reduces the chances of much needed reform," Timothy Ash, Standard Bank analyst, wrote in a note on Wednesday.

Weil's Views on Finance

The cost of finance for MSME is very high from the banking channels," he said. According to him, the government should first make the banks to lend to the non-corporate sectors and then look at tightening the norms for NBFCs than the other way around. "If the latter happens then the non-corporate sector will lose the one main source of finance," he added. For Shriram City Union, the non-corporate sector loan constitutes around 46 percent and the company wants to grow it to 60 percent.

Wielding Finance, Innovation And Policy To Make An Impact In Climate Change

So maybe he would mark a shift from Bernanke. Or maybe not. Deutsche Bank discovers its old code of conduct might not have been working so well Der Spiegel notes that the German banks top executives presented a new code of conduct to its 100,000 staff last week in a bid to bring about cultural change in the bank, whose reputation has suffered from scandals, fraud allegations and accusations of reckless profiteering that contributed to the financial crisis. Heres the canned quote from co-CEOs Anshu Jain and Jurgen Fitschen: We took an important step toward our objective of placing Deutsche Bank at the forefront of cultural change with the launch of our new values and supporting beliefs, they said. In the months ahead, together with our senior leaders from across Deutsche Bank, we will work on embedding these values." Better yet, how about explaining what went wrong with the old values? On a possibly related note, earnings were down 18 percent for the second quarter.

Shriram City Union Finance to raise Rs.1,000 crore

Forbes Asia attended the Global Green Growth Summit in Songdo, Incheon, an annual event focused on Green Growth, to find out more about the future of green growth: finance, innovation and policy. I managed to catch up with Vikram Widge, Head of Climate Finance and Policy at the International Finance Corporation to discuss the combination of finance, innovation and policy working together to make impact in climate change. FORBES ASIA: What are the major bottlenecks to larger flows of investment into sustainable infrastructure in developing and emerging countries? Widge: There are 2 main challenges.

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Personal finance lessons from the Detroit bankruptcy

Much like Detroit,we can face suffocating debt.Detroit has interest payments on $11.5 billion in unsecured debt. Many people in financial peril are facing interest payments on student loans, mortgages, car loans, credit card debt, and so on. Much like Detroit,the solution is to carefully evaluate how your money is being spent and come up with a plan for fixing things.Detroits plan might involve cutting pensions or selling some city assets. Your plan might involve cutting back on spending or selling some of the items in your closet.

Wielding Finance, Innovation And Policy To Make An Impact In Climate Change

FORBES ASIA: What are the major bottlenecks to larger flows of investment into sustainable infrastructure in developing and emerging countries? Widge: There are 2 main challenges. First, developing and emerging economies need to develop investment-grade policy frameworks that generate a strong pipeline of bankable green growth projects. This can be done through enacting national targets supported by regulatory frameworks and predictable incentives.

Cache Announces New Credit Facility with Wells Fargo Capital Finance

Cache is a nationwide, mall-based specialty retailer of sophisticated sportswear and social occasion dresses targeting style-conscious women who have a youthful attitude and are self-confident. The Company currently operates 250 stores, primarily situated in central locations in high traffic, upscale malls in 41 states, the Virgin Islands and Puerto Rico. Certain matters discussed within this press release may constitute forward-looking statements within the meaning of the federal securities laws. Although Cache, Inc.

A quick-and-dirty guide to the housing finance reform battle

Economist Mark Zandi backs up that concern . Liberal lawmakers and consumer protection advocates, like the Center for Responsible Lending , oppose the bill because scrapping the government guarantee and increasing down payment requirements would make it much more difficult to obtain a 30-year fixed-rate mortgage, curtailing opportunities for low-income, minority home buyers. Those are the ones to whom were about to say, sorry the windows closed. Let them eat rent, says John Taylor, president of the National Community Reinvestment Coalition, of Hensarlings proposal. Do people in his district pay any attention to what hes doing?

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Personal finance lessons from the Detroit bankruptcy

Research and Markets: Global Trade Review (GTR) - 2013 Edition: The Trade Finance Market's Biggest Single Source of Contacts in the Industry

It was frightening. I had people relying on me not just myself, but my wife and my infant son. I needed to make sure that certain things were provided for them a roof over their head and food in their bellies, for starters. RECOMMENDED: Can you manage your money? A personal finance quiz.

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WhiteHorse Finance, Inc. to Report Second Quarter 2013 Financial Results

pens letter to Russia promising protections for Snowden Sponsored Links Research and Markets: Global Trade Review (GTR) - 2013 Edition: The Trade Finance Market's Biggest Single Source of Contacts in the Industry * Reuters is not responsible for the content in this press release. Tue Jul 30, 2013 12:48pm EDT Research and Markets: Global Trade Review (GTR) - 2013 Edition: The Trade Finance Market's Biggest Single Source of Contacts in the Industry Research and Markets ( ) has announced the addition of the "Global Trade Review (GTR)" subscription to their offering. Global Trade Review (GTR) is the leading emerging markets trade finance, commodity finance and export finance journal, established in 2002. It is 'The independent voice' of the trade and export finance market. GTR offers news, views, features, interviews, market trends, forecasts and data to give readers the edge in their trade finance business.

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Serb Leaders to Discuss If Finance Chief Stays in Cabinet

Serbian finance minister cedes economy brief, averts risk of snap poll

Dinkic, who has held the posts of central bank governor, finance minister and economy minister in various governments since the ouster of former strongman Slobodan Milosevic in 2000, was forced to step down in February 2011, after questioning the authority of then-Premier Mirko Cvetkovic. Dacics cabinet took office in July 2012, after the Socialists, once led by Milosevic, together with Vucic and Dinkic garnered a combined 131 seats in the 250-member parliament. The coalition has promised to continue the Balkan countrys fiscal consolidation, resume talks with the International Monetary Fund and the World Bank and integrate faster into the European Union. Dacic has been trying to boost the economy, which has fallen into recession twice in the past three years, leaving a quarter of the nations workforce without jobs. Budget Deficit The budget deficit is expected to top at least 6 percent of gross domestic product this year, down from 7.3 percent in 2012.

GE Capital Retail Finance Celebrates 80 Years (Graphic: Business Wire)

Dinkic said he would remain as finance minister, while the economy portfolio would go to the SNS, Serbia's biggest party, paving the way for a fuller cabinet reshuffle. Dinkic had previously resisted splitting up his ministry, but Prime Minister Ivica Dacic warned on Saturday that the coalition would go on without him if he did not. Financial markets seem likely to welcome Dinkic's continued presence in government. He has slowed the rate of increase of Serbia's budget deficit and public debt, which had ballooned to all but scuppered hopes of a new precautionary loan from the International Monetary Fund.

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Senior International Finance Officer-Washington, DC

?Finance Ministry paid GHc42,000 to Danomah?s family?

Effective communicator internally and externally. Excellent written and oral English communication skills to effectively interact with staff regarding detailed financial information, and business-related inquiries into financial matters in a highly diverse multicultural environment. Demonstrated commitment to teamwork in a fast-paced work environment. Highly organized and detail-oriented with ability to meet deadlines, both prescribed and self-imposed.

Dinkic said on July 28 that he would be willing to split his cabinet portfolio and remain finance minister while creating a separate Economy Ministry controlled by Vucics Serbian Progressive Party. The shuffle, including the ministry division, was triggered by Vucics former nationalists, who threatened early elections if their demands were not met. The threat of being kicked out from big brothers house could be stabilizing for the government, said Marko Blagojevic, the program director at the Belgrade-based Centre for Free Elections and Democracy in a phone interview. But it doesnt necessarily mean that they would be efficient. Dinkic Experience Yields on Serbian 10-year Eurobonds maturing in 2021 rose to 6.461 percent yesterday from 4.468 percent on May 9, the lowest since the bond was sold in 2011, according to data compiled by Bloomberg.

Serb Leaders to Discuss If Finance Chief Stays in Cabinet

He said Sireboe wrote something about the case and, therefore, she would have been in a better position to answer questions than you. Counsel for the commission was also surprised that Mrs Dankyi was asked to come because the subpoena made a request for the Solicitor General herself and the State Attorney who conducted the matter. Mr Justice Apau said the commission had some pressing questions because during the initial stages of the matter, Mr John Kwabena Danomah and Mrs Rosemond Danomah represented the family by going to see Totoe Legal Services for them to serve notice of intention to commence an action. But when it came to the payment, somebody else, Seth Adjei Yeboah, came in and made a statutory declaration indicating that the money should not be paid through the lawyers who wrote to the AG, but it should be paid to him. he said. Mr Justice Apau said the AG complied and ordered that the money be paid to Yeboah, instead of the lawyers who started the whole action.

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