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Finance settlement expected to be ‘above inflation’
Councils can expect an “above inflation” settlement this year, a senior civil servant revealed yesterday. Nico Heslop, director of local government finance at the Department for Levelling Up, Housing & Communities, told the Commons levelling up, housing and communities committee that councils are a funding priority. MPs were questioning the new local government minister Simon…
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Economic Watch: China’s financial market opening-up continues apace
BEIJING, Nov. 21 (Xinhua) — China has allowed Mastercard’s Chinese joint venture to conduct bank card clearing operations in the country, marking another step forward in the opening-up of the country’s financial market. The approval made Mastercard the second overseas bank card clearing institution to enter the Chinese market, following American Express in 2020. “China…
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Centre, RBI on high alert as inflation still a risk, says finance ministry
India’s headline retail inflation rate fell to a five-month low of 4.87 percent in October
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Canadians to get update on federal finances, new housing measures in budget update
Nojoud Al Mallees, The Canadian Press Published Tuesday, November 21, 2023 6:18AM EST Finance Minister Chrystia Freeland is set to present the traditional fall update on Canada’s finances — a fiscal blueprint that’s expected to include measures aimed at getting more homes built. A senior government official, whom The Canadian Press is not naming because…
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Chinese premier putting risk prevention first as head of new party finance body
Premier Li Qiang has taken the helm at the Central Financial Commission (CFC), a new organ of the Communist Party established to oversee the financial sector, and supervised a meeting on Monday where the sector’s role in supporting the real economy and managing risks was stressed.Li was mentioned as director of the commission in a…
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IIFL Finance Emerges As Second Largest Gold Loan NBFC
Non-Banking Financial Company IIFL Finance has become the second largest gold loan provider surpassing Manappuram Finance.”The gold loan portfolio has crossed Rs 23,690 crore assets under management, surpassing Manappuram Finance at Rs 20,809 crore worth of gold loan AUM. This has cemented IIFL Finance’s position as the second largest gold loan provider in India in…
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Bajaj Finance outperforms competitors on strong trading day
Bajaj Finance Ltd. 500034 shares inched up 0.52% to 7,104.15 Indian rupees Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P BSE Sensex Index 1 rising 0.42% to 65,930.77. Bajaj Finance Ltd. closed 1,085.85 rupees short of its 52-week high (8,190.00 rupees), which the company achieved…
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Indonesia finalizes renewables target with G7 climate finance plan
JAKARTA — Indonesia on Tuesday released the final version of an ambitious target for its transition to renewable energy and an outline for the investment needed to implement it under the Just Energy Transition Partnership (JETP), a climate financing program for developing countries backed by the Group of Seven (G7) advanced nations.Indonesia’s JETP Secretariat unveiled…
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Regnology and Moody’s partner on risk and regulatory compliance
Software provider Regnology has partnered with Moody’s Analytics to provide a full end-to-end risk and regulatory compliance solution for select global markets.Combining both companies’ specialised regulatory reporting coverage, the solution uses data modelling, best-in-class calculation capabilities, extensive risk coverage and advanced analytics to ensure efficiency and compliance with regulatory reporting standards across markets.The product has…
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Serica picks new finance boss to kick off 2024
Serica Energy (LON:SQZ) has announced a new chief financial officer will take up his post in the new year, after current CFO Andy Bell confirmed his intention to step down.He will be succeeded by Martin Copeland, who joins from his current role as principal at energy advisory firm Kirk Lovegrove & Co. Mr Copeland has…
