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Finance Minister P Chidambaram arrives in US to pitch for investment in India

He is expected to meet the leading US business leaders including Brad Smith, Microsoft's General Counsel and Executive Vice President, Legal and Corporate Affairs; Pat Dewar, CEO, Lockheed Martin International; Scott Price, CEO, Asia, Walmart; Henri Croupon, CEO, ILFC and Sheperd W Hill, president, Boeing International. Mr Chidambaram is likely to discuss the issue of investment by US companies in India especially in infra sector, various policy measures taken by the government to boost investment in the country and tax related matters among others. Before leaving for India, he is also scheduled to meet Senator Max Baucus, Chairman, Senate Finance Committee and Senator Mark Warner, Co-Chair, Senate India Caucus. Mr Chidambaram has been pitching for increased foreign investment into India, especially in the infrastructure sector.

Finance Latest News: French Report on HSBC Tax Case Points to $5 Billion in Undeclared Funds

Avidbank Corporate Finance Provides Financing Facility to Passkey International, Inc. by Business Wirevia The Motley Fool Jul 10th 2013 6:14AM Updated Jul 10th 2013 8:25AM Avidbank Corporate Finance Provides Financing Facility to Passkey International, Inc. PALO ALTO, Calif.--( BUSINESS WIRE )-- Avidbank Corporate Finance, a Division of Avidbank, has provided a financing facility to Passkey International, Inc. ("Passkey") of Waltham, MA.

Finance officers say council tax benefit reform is a threat to local government

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Avidbank Corporate Finance Provides Financing Facility to Passkey International, Inc.

Markets close in 1 hr 45 mins YOUR FRIENDS' ACTIVITY Remind me when I share | Not you? Log out of Facebook How to remove this experience Finance Latest News: French Report on HSBC Tax Case Points to $5 Billion in Undeclared Funds Link 3 hours ago, Wochit France needs to beef up its methods for fighting tax evasion, according to a parliamentary report on a tax probe into HSBC that revealed $5 billion of undeclared assets across thousands of accounts. U.S. regulators have labeled insurer American International Group Inc. and General Electric Co.'s finance arm as potential threats to the financial system, designations that bring stricter government oversight.

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Indian Finance Minister in U.S. To Talk Investments


As a percentage of FSCs recent stock price of $10.75, this dividend works out to approximately 0.89%, so look for shares of Fifth Street Finance Corporation to trade 0.89% lower all else being equal when FSC shares open for trading on 7/11/13. Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen or click here to find out which 9 other stocks going ex-dividend you should know about, at Below is a dividend history chart for FSC, showing historical dividends prior to the most recent $0.0958 declared by Fifth Street Finance Corporation: In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from FSC is likely to continue, and whether the current estimated yield of 10.69% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of FSC shares, versus its 200 day moving average: Fifth Street Finance Corporation 200 Day Moving Average Chart /> Looking at the chart above, FSCs low point in its 52 week range is $9.66 per share, with $11.13 as the 52 week high point that compares with a last trade of $10.71.

Europe to help finance Lithuanian LNG

(Photo : Reuters) Indian Finance Minister P Chidambaram is currently on a four-day-visit to the United States in a bid to sell India's growth story and attract more investments to combat the dramatic fall of the Indian rupee in recent weeks. The minister is scheduled to meet officials of top American companies such as Wal-Mart, Boeing, Microsoft and Lockheed Martin. The minister held a consultative meeting with the Indian Prime Minister Manmohan Singh and other top economic advisors before leaving for the United States, according to the Indian news papers. dollar.

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Finance panel chairman Michele Ford said she would discuss the issue with Town Administrator Thomas Guerino. Guerino, Finance Director Linda Marzelli and selectmen have been routinely advised about how annual audits in the near future will carry post-employment totals as an accounting measure. This is a formal change in upcoming audits. Such pension-accounting impacts have not been included in year-ending financial reporting that scrutinizes and announces the towns overall fiscal condition. Auditor Chris Rogers in late June told all concerned that the time has arrived to familiarize themselves with the new reporting of liabilities, saying once this begins it will plunge Bournes net assets into the negative.

Bourne finance panel is already wary of pension-liability reporting

The EIB said it was lending energy company Klaipedos Nafto more than $111 million to help finance the construction and operation of an LNG import facility in the Lithuanian port city of Klaipeda. "This investment is critical for Lithuania to diversify and secure its energy supply as well as provide backup in the event of gas supply failures," the EIB said in a statement. Lithuania and other Eastern European countries are trying to add more diversity to an energy sector dominated by Russia. EIB Vice President Pim van Ballekom said the project would help ensure a sustained supply of natural gas for energy and increase competition in the country's energy sector. The LNG facility will include about 10 miles of pipeline that will connect the terminal to the Lithuanian natural gas grid.

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EU finance ministers in a holiday mood

Mario Draghi, President of the European Central Bank, ECB addresses a press conference following the meeting of the Governing Council in Frankfurt am Main, central Germany, on July 4, 2013. The European Central Bank pledged to keep its interest rates at their current record low levels for an

"I don't want to have to come back to Brussels in the summer," the minister said. "It'll be fine if we see each other in the fall again." Portugalis done The finance ministers seem to be satisfied that Portugal's government crisis has now been overcome. It was sparked by last week's resignation of Finance Minister Vitor Gaspar, who said he felt that the population was no longer behind the austerity measures. The move immediately prompted an increase in interest rates on Portuguese government bonds.

International Finance Magazine, Financial Awards - Malaysia 2013

"RETROGRADE STEP" In one letter, the Defence Minister A.K. Antony, a powerful member of the cabinet, told the industry ministry a plan to allow foreign weapons manufacturers to invest up to 49 percent in defence joint ventures represented a danger to India's defence interests. "Allowing foreign companies to set up manufacturing/assembly facilities here will be a retrograde step," Antony said in the letter, an excerpt of which was seen by Reuters. He said the cap on foreign investment in defence companies should remain at 26 percent, except in special cases.

Finance Minister visits US to rescue rupee and court investors

The imperative of housing finance reform is to devise a new system that protects taxpayers against another costly bailout while ensuring that American families have access to mortgages on reasonable terms. Challenges With Reform A key challenge in moving forward with reform is that bringing in private investors who take losses ahead of taxpayers will translate into higher mortgage interest rates, reflecting the compensation demanded by private investors to take on housing credit risk. Indeed, in the past, proponents of reform were sometimes derided as being anti-housing for supposedly wishing for higher interest rates. The crisis has mostly silenced this criticism, with broad agreement that reform must involve greater private capital to take losses ahead of any potential government backstop. The Corker-Warner proposal requires investors to put at risk funds equal to 10 percent of the value of the mortgages included in mortgage-backed securities to be guaranteed by the government. The total losses of Fannie and Freddie during the crisis were equal to about 4 percent of the firms combined assets.

Progress on Housing Finance Reform

International Finance Magazine identifies some key performers in the financial domain who have contributed to the growth of the nation. Many congratulations to the winners and wish them success in their future endeavors" Detailed summary of the award winners could be found on the article The recipients of the financial awards 2013 for Malaysia are: Best Islamic Bank Best Islamic Asset Management Company AmInvest Best Islamic Finance Advisor IBFIM Commenting on the awards, Datin Maznah Mahbob, Chief Executive Officer of AmInvest said, "We are truly honored to receive these awards which validate our Shariah-compliant expertise and capabilities built over three decades within the industry. Our focus has always been to provide global best investment solutions that cater to the investment needs of global investors, especially in Asian equities and global sukuk. As we expand our global footprint, the acknowledgments of our team's hard work and commitment to excellence through these awards will enhance our proven track record in consistently creating value for our clients." Managing Director of Bank Islam Malaysia Berhad, Dato'Sri Zukri Samad said "Bank Islam is honored to be recognized as theMost Innovative Islamic Bank in Malaysiafor the year 2013 by International Financial Magazine, UK. The achievement is an important milestone for the Bank, and another step in the right direction for us to become amajor regional player.

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EU finance ministers in a holiday mood

Mario Draghi, President of the European Central Bank, ECB addresses a press conference following the meeting of the Governing Council in Frankfurt am Main, central Germany, on July 4, 2013. The European Central Bank pledged to keep its interest rates at their current record low levels for an

"Government crises within member states happen from time to time," he said, adding that he hadn't been surprised by his counterpart's resignation in Lisbon, though he did regret it. "Portugal has shown extremely stable conditions in the past few years," he said. "That's why I feel relatively relaxed. Portugal must continue its successful path." Portugal's path may be successful in terms of the bailout package, but whether the population will follow it to the end is another matter. Draghi critical It was Mario Draghi who ended up raining on the finance ministers' parade.

Zimbabwean Former Finance Minister Backs Tsvangirai in Election

The coming together of these parties has been necessitated by shared commitment to bring to an end the current hardships confronting Zimbabweans, due to the failed policies of the past, said Makoni, whose New Dawn party won 8 percent of the vote in 2008. He spoke at a joint press conference with Tsvangirai, leader of the Movement for Democratic Change in Harare, the capital. The alliance follows a July 5 coalition between the Zimbabwe African Peoples Union, which draws its support mainly in the western region of Matabeleland, and a separate faction of the MDC led by Welshman Ncube. Zimbabweans will vote in presidential and parliamentary elections July 31 after the Constitutional Court turned down applications, including one prompted by the Southern African Development Community , to delay the ballot.

Law ministry asks highways to approach finance ministry on premium rescheduling

"It's surprising for us that the law ministry has asked us to approach finance ministry whereas we have sought legal opinion from them for the second time. How can we seek legal opinion from the finance ministry?" he asked. Meanwhile, NHAI officials are hopeful of the proposal going through soon. They said that the rescheduling of premium has been proposed for two dozen projects and for a specific developer or a special project. "The issue started with GMR offering to take back Kishangarh-Udaipur-Ahmedabad project if NHAI allows.

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