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Posts sent on: 2013-08-20

Aug202013

Introducing ?Government Finance Quasi-Capitalism?








RBI allows non-bank Islamic finance firm






I never imagined four years later the Fed would resort to $85bn monthly monetary inflation with similar amounts from the Bank of Japan - in a non-crisis environment. The Fed went from preparing exit strategies with its assets at $2.5 TN to providing market assurances of no exit with its balance sheet on the way to $4.0 TN. After doubling mortgage debt in about six years, our system then doubled federal debt in four. I never imagined this amount of non-productive debt could be issued at historically low market yields. Instead of protesting, exuberant markets fell in love with reflationary measures.










Pierre, left, is parish Finance Director Grant Dussom. ( ) View/Post Comments The St. Charles Parish Finance Department has been recognized by The Government Finance Officers Association of the United States and Canada. For the third consecutive year, the association has presented the St.














The Morning Ledger: Ex-Finance Official?s Job Switch Makes Waves in Delaware






But some companies, especially in Kerala which has a large Muslim population and an overseas diaspora of workers who remit money back from the Gulf, are nevertheless trying to develop Islamic financial products outside the banking sector. Cheraman Financial Services, based in Kochi, plans to offer leasing and equity-finance products under Islamic principles. It said it had obtained approval to operate from the RBI and would follow the Islamic ban on interest; it will not take deposits from customers. "We propose to roll out the products by the end of August," a spokesman for Cheraman, formerly known as Al Barakah Financial Services, told Reuters. He did not elaborate on the design of the products.







St. Charles Parish Finance Department honored with Distinguished Budget Presentation Award






companies mentioned the effects of the currency swings on their financial resultsboth positive and negativein their most recent quarterly earnings calls, Murphy says, including Cummins, Cognizant Technology Solutions, Starwood Hotels & Resorts and Manitowoc. For companies with factories and customer-service call centers in India, continued weakness should have a tonic effect on results as their overhead costs become lower when converted into dollars. But for companies that sell their wares in India, revenue will translate into fewer dollars. Many CFOs have already been dealing with the steady decline in the values of the Japanese yen and Brazilian real, this year off 12% and 15%, respectively, against the dollar. CORPORATE NEWS: Cash-poor companies feed hunger for happy meal bonds.




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Aug202013

Introducing ?Government Finance Quasi-Capitalism?








RBI allows non-bank Islamic finance firm






I never imagined four years later the Fed would resort to $85bn monthly monetary inflation with similar amounts from the Bank of Japan - in a non-crisis environment. The Fed went from preparing exit strategies with its assets at $2.5 TN to providing market assurances of no exit with its balance sheet on the way to $4.0 TN. After doubling mortgage debt in about six years, our system then doubled federal debt in four. I never imagined this amount of non-productive debt could be issued at historically low market yields. Instead of protesting, exuberant markets fell in love with reflationary measures.










Pierre, left, is parish Finance Director Grant Dussom. ( ) View/Post Comments The St. Charles Parish Finance Department has been recognized by The Government Finance Officers Association of the United States and Canada. For the third consecutive year, the association has presented the St.














The Morning Ledger: Ex-Finance Official?s Job Switch Makes Waves in Delaware






But some companies, especially in Kerala which has a large Muslim population and an overseas diaspora of workers who remit money back from the Gulf, are nevertheless trying to develop Islamic financial products outside the banking sector. Cheraman Financial Services, based in Kochi, plans to offer leasing and equity-finance products under Islamic principles. It said it had obtained approval to operate from the RBI and would follow the Islamic ban on interest; it will not take deposits from customers. "We propose to roll out the products by the end of August," a spokesman for Cheraman, formerly known as Al Barakah Financial Services, told Reuters. He did not elaborate on the design of the products.







St. Charles Parish Finance Department honored with Distinguished Budget Presentation Award






companies mentioned the effects of the currency swings on their financial resultsboth positive and negativein their most recent quarterly earnings calls, Murphy says, including Cummins, Cognizant Technology Solutions, Starwood Hotels & Resorts and Manitowoc. For companies with factories and customer-service call centers in India, continued weakness should have a tonic effect on results as their overhead costs become lower when converted into dollars. But for companies that sell their wares in India, revenue will translate into fewer dollars. Many CFOs have already been dealing with the steady decline in the values of the Japanese yen and Brazilian real, this year off 12% and 15%, respectively, against the dollar. CORPORATE NEWS: Cash-poor companies feed hunger for happy meal bonds.




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Categories: First category
Aug202013

Fate of Polish finance minister not known until November: deputy PM








Northstar Realty Finance's Series D Preferred Stock Shares Cross 9% Yield Mark




NRF.PRD+Dividend+History+Chart

Credit: Reuters/Peter Andrews WARSAW | Sun Aug 18, 2013 3:03pm EDT WARSAW (Reuters) - Polish Prime Minister Donald Tusk will not decide whether to replace his finance minister until November, at the earliest, Deputy Prime Minister Janusz Piechocinski said on Sunday. Sources told Reuters on Friday Tusk was planning to dismiss Finance Minister Jacek Rostowski as part of a major cabinet reshuffle planned in a few months' time to help rebuild the flagging support for the ruling Civic Platform party. "In my opinion, whether Minister Rostowski will remain in the government will be decided in November at the earliest," Piechocinski told public radio. State television broadcaster TVP quoted a government spokesman as saying reports of Rostowski's departure were mere speculation and no decisions about individual ministers would be made until the middle of the government's four-year term, which started in November 2011. Rostowski has been Poland's finance minister for six years, making him the country's longest-standing finance chief since the end of Communism in 1989.









Finance dept turns down proposal okayed by CM






This compares to an average yield of 7.26% in the Real Estate preferred stock category, according to Preferred Stock Channel . As of last close, NRF.PRD was trading at a 4.04% discount to its liquidation preference amount, versus the average discount of 4.20% in the Real Estate category. Click here to find out the 50 highest yielding preferreds, at PreferredStockChannel.com The chart below shows the one year performance of NRF.PRD shares, versus NRF: Below is a dividend history chart for NRF.PRD, showing historical dividend payments on Northstar Realty Finance Corps 8.500% Series D Cumulative Redeemable Preferred Stock:










The official said Sheikhupura Health Executive District Officer Dr Rana Imran Ali had expressed his concern regarding high incidence of dengue virus in the district, urging immediate activation of PCPE there. Dr Ali also recommended that the posts should be created in all categories on the pattern adopted for Lahore district. Earlier, as many as 1,818 vacancies were created under PCPE for the five districts -- Lahore, Gujranwala, Multan, Rawalpindi and Faisalabad -- which were declared high-risk for the dengue epidemic. The official said the chief minister accorded approval for creation of 438 vacancies in various categories for Sheikhupura for effectively controlling the menace there. He said the finance department called an aemergenta meeting to weigh the proposal the same day that was also attended by Additional Director General of the Epidemic Prevention and Control (EP&C) Dr Jafar Ilyas.




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