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Posts sent in: July 2013

Jul292013

Serb Leaders to Discuss If Finance Chief Stays in Cabinet











The current-account deficit will reach 8.7 percent of GDP according to IMF forecasts. Monetary policy makers are balancing the need to shore up Serbia s $37 billion economy against fighting inflation and shielding the dinar from market turmoil. The inflation rate fell to 9.9 percent in May, dipping below 10 percent for the first time in nine months. On Friday, Fitch ratings agency affirmed Serbias rating at BB- with a negative outlook, reflecting the high fiscal deficit as well as a risk of balance of payments pressures and intensification in the euro area crisis.







AG Finance sets IPO price at P2.18 per share






Often resorting to outdoor stunts to prop up his ratings, there were shots of Putin fishing, driving a motorboat and With Pope in town, ribald Rio a land of outdoor confessionals Reuters - Fri, Jul 26, 2013 By Paulo Prada RIO DE JANEIRO (Reuters) - Ah, Rio. The sun. The sand. The absolution.




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Jul292013

NSW premier says finance minister is safe








D.C.?s campaign finance laws need reforming






But Mr O'Farrell says there's no evidence Mr Pearce has breached travel guidelines. "All members of parliament, all ministers, have entitlements to travel," he told reporters in Sydney on Monday. Asked if Mr Pearce's job was safe, he replied: "Yes". "Being a member of parliament or being a minister is a seven-day-a-week activity and weekends can be very busy," the premier said. "I've had events in regional areas that have finished late at night and sometimes it is more convenient, particularly depending on where you're starting the next day, to stay in regional areas." Mr Pearce has recently returned to work following a month's stress leave in June after he was found to have misused travel entitlements.












The board first raised issues with the campaign in 2011 after a D.C. Office of Campaign Finance audit pinpointed the campaign committees failure to account for more than a quarter-million dollars in donations and expenses while it funneled $239,000 through a political consulting firm to a company operated by Mr. Browns brother. Washington Post Editorials Editorials represent the views of The Washington Post as an institution, as determined through debate among members of the editorial board.







Fire alarm from finance minister






It is simply impossible for sabotage of this magnitude 400,000 barrels a day at $100 per barrel comes to $40 million per day and N2.4 trillion per annum. Can any responsible government on earth find time for anything else other than finding a solution to the loss of almost 40% of its annual budget? If we cannot find the answer ourselves, why not engage international organizations which can help us find the answers? However, before we invite foreigners into the affair, there is a need for the Federal government to level with the people of Nigeria. It is impossible for a group of foreigners who had never been to Nigeria, or a Nigerian group not conversant with the Niger Delta and the routes of the pipelines to bring a boat into Nigeria and smuggle our crude.




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Jul282013

Baucus Says Finance Panel to Consider Tax Code This Year











They said they are starting with a clean slate and are seeking justification for restoring any tax breaks. Baucus has his own deadline. He isnt running for re-election and will leave Congress Jan. 3, 2015. Senator Pat Roberts, a Kansas Republican, said the Finance panel should start with miscellaneous expiring provisions and work from there as lawmakers navigate serious differences on policy.







Recent Grads: Passion Is the Secret Ingredient to Success in Finance






Be A Passionate Problem-Solver Staying afloat in finance means touting your problem-solving know-how. This is more than a skill--it's a work style. Whether it's getting to the bottom of a larger-scale problem or just solving daily problems that come your way, you should be actively working to fine-tune this. Tackling daily challenges will not only keep your coworkers and managers on-point, it will also impress your customers and clients. Companies thrive on employees who routinely solve problems with little to no guidance.







Finance companies and fictitious accounts






D. W. Ananda Silva, CB Deputy Governor. The problem is that, in the books of these institutions, the figures are ok.Their assets and liabilities matched, explained Mr.




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Jul282013

Personal finance lessons from the Detroit bankruptcy








Baucus Says Finance Panel to Consider Tax Code This Year






RECOMMENDED: Can you manage your money? A personal finance quiz. That experience, in many ways, parallels whats happening in Detroit. Much like Detroit,we all have basic maintenace were responsible for.Detroit has facility maintenance, while we have rent and insurance and so on. Much like Detroit,we have people relying on our hard work.Detroit has pensions and salaries for thousands of employees, while we have the safety and well-being of ourselves and those in our immediate family.












It included extensive time working with IBM mentors and placement on teams working on stimulating, cross-industry projects. Within just a few months of training, a dance major ended up helping an art museum by analyzing attendance statistics and designing shows that would attract new visitors. IBM is also working with some 500 universities around the world to help develop curricula that will produce qualified data scientists. Programs include undergraduate classes, graduate programs and even two-week intensive courses for MBAs. Addressing the skills shortage isnt an easy task, and wont happen overnight.










The ultimatum comes as the coalition tries to agree a cabinet reshuffle and avert a snap election that would likely delay the start of European Union membership talks from January next year. The two biggest parties, Dacic's Socialists and the national Progressive Party, signaled on Friday that they had agreed how to reshuffle their own ministers, but there was no word from the junior partner, Dinkic's United Regions of Serbia (URS). Without URS's 16 seats, the remaining coalition parties would still hold a slim majority in parliament. "If our political views match, we will continue to work within the same configuration, and in case they don't, we will work with or without URS, since we have a majority in the parliament," Dacic told reporters. He said he planned to present a new line-up for parliamentary approval on August 20.







Serbian PM threatens to oust finance minister






and the Private Equity Growth Capital Council. I certainly hope that he can get there, Senator Charles Schumer, a New York Democrat on the Finance panel, said of the prospects for committee action. There are a lot of questions that have to be answered, above all, revenues. Baucus, who supports raising additional revenue through a tax rewrite, said when asked about a target figure: Well talk that through in the committee. Senate Republican leader Mitch McConnell of Kentucky said a revamped tax code would be good for the country, while he rejected Democrats proposal for additional revenue. No Interest I have no interest in re-opening the subject of additional taxes, McConnell said.




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Jul272013

US to finance feasibility study of $14bn dam








Banks, finance firms hit by RBI's rupee defence






Mr Dar told the ambassador that the IMF management had agreed to increase bailout package to $6.5bn from $5.3bn offered by its staff mission early this month but Pakistan was insisting on increasing it to $7.3 billion to bridge the gap between external inflows and outflows. Mr Dar said all progress on details of the programme have been positive so far and athe only pending issue that needs to be resolved was the size and tranches of the loan.a aEven with $7.3 billion loan, Pakistan will be facing a financing gap of about $0.5 billion,a the finance minister told Mr Olson, elaborating that in case of $6.5bn offered by the IMF, the gap would go beyond $1bn and hence US support in the IMF board would be of crucial importance. An official statement said the issue of Bilateral Investment Treaty (BIT) between the two countries also came under discussion during the meeting. The US has been pushing early signing of the agreement to facilitate US investment in Pakistan but some strong protectionist rights to US investors were being opposed in relevant government quarters because the US demand involves dispute resolution directly through international arbitration without first completing Pakistanas judicial process. The finance minister, however, informed the ambassador that he had been pre-occupied with budget and circular debt issues and would now plan to obtain input from all stakeholders in the government to take the process forward.










Hincheys proposed fix is to separate the positions of finance director and town accountant, which would allow the town to select from two distinct pools of specialists, rather than trying to find a single person who could handle both. It would also mean a change in the bylaw, which would in turn require a vote at the next town meeting. Selectwoman Tracy Post apologized to the candidates who appeared before the board at its last meeting, but agreed that Hincheys plan was the best course. I think this does set us onto a better position for the future, she said. The board voted unanimously to adopt Hincheys proposal.







Yarmouth finance department could see reorganization






Brokers also turned bearish on non-bank financial companies (NBFCs), which traditionally tap short-term debt markets. "Wholesale funded banks (Yes, Indus, Kotak) and NBFCs are going to be worst impacted," Credit Suisse said. "Apart from the impact on funding cost and margins, growth is now likely to be much lower than the earlier growth trajectory." Yes Bank Chief Executive and Managing Director Rana Kapoor downplayed his bank's exposure to the money markets. "There could be a small impact on margin," he told reporters, adding that the impact on the bank would not be serious.




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