-
Learning from Evelyn’s financial mistakes: How to handle sudden monetary gains?
Despite Evelyn’s fortune in winning the lottery twice, the impact was not quite what one might anticipate. Two decades following her historic victory, Evelyn found herself residing in a trailer park, devoid of financial means. Looking at how she dwindled away her winnings in gambling and wrong investment choices, Evelyn reminisces, “Winning the lottery isn’t…
-
Andover Finance Committee praises schools for fiscal responsibility
#inform-video-player-1 .inform-embed { margin-top: 10px; margin-bottom: 20px; } #inform-video-player-2 .inform-embed { margin-top: 10px; margin-bottom: 20px; } ANDOVER — Despite difficult union contract negotiations, the Andover Education Association and School Committee were able to come to an agreement earlier this week.Andover’s Finance Committee is praising the School Committee for sticking to Andover’s “long-range financial plan” during…
-
How can policymakers support finance industry action on net-zero: Striving for real-economy impact
The financial industry is uniquely positioned to enable the net-zero transition and thus prioritise business that contributes to a sustainable future. As net-zero commitments are reshaping the direction of financial flows, companies’ ability to raise funds is now closely tied to their climate targets and strategies. Redirecting financial flows The distinctiveness of financial institutions’ activities…
-
AI in finance: can regulation keep pace?
As financial services firms continue to face cost pressures and seek to compete through innovation, artificial intelligence has emerged as a key driver of change. AI has already improved laborious, yet fundamental tasks such as data processing, and many firms say it has had a positive impact on their business. Indeed, the CFA Institute’s recent research…
-
Balancing football and finance, Murphy deems late move to Notre Dame a success // The Observer
Graduate student offensive lineman Quinn Murphy looks on from the sideline as Notre Dame prepares to take the field. Five years ago, if you had asked graduate student offensive lineman Quinn Murphy where he saw himself, his response would likely have painted a different picture compared to where he finds himself today. The walk-on was…
-
China asks some lenders to cap interbank financing costs
SHANGHAI/BEIJING, Nov 17 (Reuters) – China’s central bank asked some lenders to cap interest rates on an interbank debt instrument this month, people with knowledge of the matter said on Friday, referring to the rising short-term yields on bank debt and strains in funding markets.Some large-sized commercial lenders were told not to sell negotiable certificates…
-
The N.Y.C. Neighborhood Where Families Are Filling Up Empty Offices
Five financial district buildings are being turned into housing, including the country’s largest such conversion. Will it work elsewhere in Manhattan?For all the talk about converting New York City’s languishing office buildings into housing, just one neighborhood has done it on a large scale: the financial district.In the past few years, luxury apartments have been…
-
Otafiire accuses Finance of delaying police, prison housing projects
The Minister of Internal Affairs, Maj Gen (Rtd) Kahinda Otafiire, has accused officials from the Ministry of Finance, Planning and Economic Development of delaying the accommodation projects of the police, immigration and prisons institutions. Maj Gen Otafiire said the two security institutions embarked on the public private procurement project for accommodation for the three institutions,…
-
Pakistan’s Economy Still Fragile; Support From IMF To Continue: Finance Minister
She said Pakistan would also need to adhere to the market-determined exchange rate completely, remain responsive through adequate monetary policy adjustment, particularly to core inflation, and bring four more state-owned enterprises in line with the financing and governance template of the newly approved SOE law.
-
Jio Financial shares drop 2%; here’s what brokerages say on August subscriber additions
Jio Financial Services Ltd (JFS) shares drop 2 per cent in Friday’s trade after rising over a per cent in the previous session. The demerged entity of Reliance Industries Ltd saw a net subscriber addition for the 18th consecutive month in August, up 32 lakh in August, TRAI data showed.Jio Financial shares fell 2.02 per…