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Aug132013

Finance Minister should take tips from Robert Vadra: BJP's attack in 10 points








Finance Minister P Chidambaram draws a line to check CAD at 3.7%




Don

Rejecting that rationale, the BJP allegedly said the Finance Minister should furnish any clarifications on the Congress president's behalf. Congress's Manish Tiwari said they will not allow a discussion on Mr Vadra since there was "no question of having a discussion on a private individual in the House." The Congress has also tried to shore up support from its allies to combat the onslaught. UP powerhouse Mayawati showed she is a reliable friend by carefully stating that while the Congress should answer the questions around Mr Vadra, his mother-in-law cannot be held responsible even if graft is proven. Mayawati's BSP does not participate in the union government, but lends crucial external support along with Mulayam Singh Yadav and his Samjawadi Party.










Further, the government expects a natural compression in oil demand resulting in dollar savings of about $1.5 billion. This could go up if it is able to import more oil from Iran. As far as inflows are concerned, Power Finance Corporation, Indian Railways Finance Corporation and IIFCL would together raise $4 billion through quasi-sovereign bonds while public sector oil companies will raise overseas debt worth $4 billion. Liberalised norms for NRI deposit schemes could result in inflows of $1 billion and a liberal external commercial borrowings scheme will help fetch another $2 billion. Subsidiaries of multinational companies will be able to raise debt from parent companies and maintenance, repair and overhaul facilities for aircraft would be treated on par with airports for raising overseas debt as part of relaxation in the ECB rules to be announced by RBI shortly.









International Finance Magazine Invites Nominations for Brokerage Awards for the Year 2013






Asia Pacific Best Commodities Broker vii. Africa i. Asia ii. Europe Best ECN Broker iii. America Best STP Broker iv.







First Trust Specialty Finance and Financial Opportunities Fund Increases its Quarterly Distribution to $0.17 Per Share






The Fund pursues these investment objectives by investing at least 80% of its managed assets in a portfolio of securities of specialty finance and other financial companies that the Funds investment sub-advisor believes offer attractive opportunities for income and capital appreciation. First Trust Advisors L.P., the Funds investment advisor, along with its affiliate First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of approximately $73 billion as of July 31, 2013, through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. Confluence Investment Management LLC (Confluence), an SEC registered investment advisor, serves as the Funds investment sub-advisor. The investment professionals at Confluence have over 80 years of aggregate portfolio management experience. Confluence provides portfolio management and advisory services to both institutional and individual clients.




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Aug132013

Finance Minister should take tips from Vadra: BJP's attack in 10 points








First Trust Specialty Finance and Financial Opportunities Fund Increases its Quarterly Distribution to $0.17 Per Share






Rejecting that rationale, the BJP allegedly said the Finance Minister should furnish any clarifications on the Congress president's behalf. The Congress has also tried to shore up support from its allies to combat the onslaught. UP powerhouse Mayawati showed she is a reliable friend by carefully stating that while the Congress should answer the questions around Mr Vadra, his mother-in-law cannot be held responsible even if graft is proven. Mayawati's BSP does not participate in the union government, but lends crucial external support along with Mulayam Singh Yadav and is Samjawadi Party.










I'm sitting here in awe that someone would say that. Gnatek is a Detroit homicide detective and immediate past chairman of the police and fire pension board. His wife also happens to be African American. The exchange continued: Johnson: Because it does and, you know what, thats not actually pension business so we cant have that. Gnatek: Thats why I was wondering why you said it during a pension meeting. Johnson: Because I was welcoming them here. Gnatek: Thats welcoming them? Johnson: Yeah. In my opinion, it is Gnatek talked with 7 Action News about the exchange.







Detroit Finance Director Cheryl Johnson under fire for racial comments during pension board meeting






The Fund is a non-diversified, closed-end management investment company that seeks to provide a high level of current income. As a secondary objective, the Fund seeks to provide attractive total return. The Fund pursues these investment objectives by investing at least 80% of its managed assets in a portfolio of securities of specialty finance and other financial companies that the Funds investment sub-advisor believes offer attractive opportunities for income and capital appreciation. First Trust Advisors L.P., the Funds investment advisor, along with its affiliate First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of approximately $73 billion as of July 31, 2013, through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.







FMC Corporation Announces New Finance Leadership






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Categories: First category