Category: Finace

  • UK economy flatlines as finance minister decries inflation drag

    UK economy flatlines as finance minister decries inflation drag

    Gross domestic product showed no growth in the the three quarters to the end of September, following an increase of 0.2% the previous quarter. U.K. Chancellor of the Exchequer Jeremy Hunt said high inflation remains the “single greatest barrier to economic growth” in the country. Skyscrapers in the Canary Wharf financial, business and shopping district…

  • Muthoot Finance Shares Tumble Over 7% After Q2 Profit Misses Estimates

    Muthoot Finance Shares Tumble Over 7% After Q2 Profit Misses Estimates

    Shares of the company fell as much as 7.41% to Rs 1,216 apiece, the lowest level since Oct. 10. It pared losses to trade 5.88% lower at Rs 1,236 apiece, as of 9:48 a.m. This compares to a 0.22% decline in the NSE Nifty 50 Index.It has risen 16.35% on a year-to-date basis. Total traded…

  • Muthoot Finance share price plunges over 7% after Q2 results miss estimates; should you buy?

    Muthoot Finance share price declined more than 7% in early trade on Friday after the company’s September quarter results missed analysts’ estimates. Muthoot Finance shares fell as much as 7.31% to ₹1,217.05 apiece on the BSE. The gold financing company Muthoot Finance reported a smaller-than-expected rise in its second-quarter net profit, hurt by high finance…

  • Wood Pellet Giant Enviva Discloses a Financial Crisis

    Wood Pellet Giant Enviva Discloses a Financial Crisis

    A financial crisis has enveloped Enviva, the Maryland-based company that’s been harvesting large swaths of forest in the Southeast United States to make wood pellets for electricity production in the United Kingdom and Europe. Enviva calls itself the world’s largest producer of biomass wood pellets, and in recent years it’s faced a cross-Atlantic campaign attempting…

  • When You Give Up on Buying a House, What Do You Do With the Down Payment?

    When You Give Up on Buying a House, What Do You Do With the Down Payment?

    Listen to article(2 minutes)Would-be home buyers are giving up on the housing market and finding other ways to use the money they had been saving.With mortgage rates near 8% and average home prices hitting record highs, sales of existing homes were down 15.4% year-over-year in September, according to the National Association of Realtors. Copyright ©

  • Michigan lawmakers will soon have to disclose personal finance information

    Michigan lawmakers will soon have to disclose personal finance information

    LANSING, Mich. (WILX) – State lawmakers are now required by law to share their financial information with the public, but some people say the new legislation is not enough.Voters made their demand for financial transparency clear during last year’s election when they passed Proposal 1, a ballot measure written to address conflicts of interest in…

  • Bhutan Setting The Stage For A Shift In Sustainable Finance Mobilization

    Bhutan is one of two countries globally that maintains a carbon-neutral status and is the only country in the Asia-Pacific region that can claim this title. However, as the country recovers from the aftereffects of the COVID-19 pandemic, it faces mounting pressure to accelerate economic growth, alongside the additional burden of financing the Sustainable Development…

  • Williamsport officials: Financial footing more solid heading into budget talks

    Williamsport officials: Financial footing more solid heading into budget talks

      <!– SHOW ARTICLE –> Days away from the two budget work sessions for the City of Williamsport, the third quarter financials appear to be on track for a good 2023 with wage and business tax coming in higher than anticipated, the city finance manager told the city finance committee. The city budget work sessions…

  • Climate finance groups bid to cut through transition finance …

    Climate finance groups bid to cut through transition finance …

    Climate finance groups have joined forces to help investors navigate the different frameworks available for evaluating corporate transition plans, with an initial mapping exercise said to show areas of commonality from which investors can “take comfort”.The analysis will feed into work on a tool aimed at helping investors allocate corporates to different categories of transition in…

  • Portola Valley launches restructuring amid Town Hall staffing and finance-operations crisis

    Portola Valley launches restructuring amid Town Hall staffing and finance-operations crisis

    Portola Valley Town Hall is launching a major restructuring effort as it tackles an unprecedented staffing exodus and widespread concerns with its financial operations — challenges that are jeopardizing how the town conducts business and serves its residents.Staff turnover just this year has run high while an accounting consultant contracted as part of what’s been…