British International Investment extends $100 million finance facility to TDB to support trade and food security in Africa petek, September 2, 2024 The facility will support businesses and financial institutions to increase trade finance activities in Africa. Better access to trade finance will support the flow of vital goods and services. This includes agricultural goods such as fertilisers, seeds and machinery which will help address food security issues in Africa. British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor, today announced a US$ 100 million finance facility with the Eastern and Southern African Trade and Development Bank (TDB). The investment is designed to strengthen economic resilience in the region by supporting essential trade finance activities, fostering agricultural development … Continue Reading
Ally Financial names Michael Rhodes as CEO petek, September 1, 2024 With more than two decades of experience in consumer banking, Rhodes poised to lead Ally into the next stage of its evolution CHARLOTTE, NC, March 27, 2024 /PRNewswire/ — Ally Financial Inc. (NYSE: ALLY) announced today that Michael G. Rhodes will be its new Chief Executive Officer, starting at the company on April 29, 2024. He will also be appointed as a member of Ally’s board of directors at that time. “I have long admired Ally’s transformational approach to digital banking and its leading position in automotive finance. The bank has successfully harnessed the power of technology to … Continue Reading
An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually petek, August 31, 2024 WASHINGTON (AP) — A measure of inflation that is closely tracked by the Federal Reserve slipped last month in a sign that price pressures continue to ease. The government reported Friday that prices rose 0.3% from January to February, decelerating from a 0.4% increase the previous month in a potentially encouraging trend for President Joe Biden’s re-election bid. Compared with 12 months earlier, though, prices rose 2.5% in February, up slightly from a 2.4% year-over-year gain in January. Excluding volatile food and energy costs, last month’s “core” prices suggested lower inflation pressures. These prices rose 0.3% from January to February, … Continue Reading
S&P 500’s latest record closes out best first quarter since 2019 petek, August 30, 2024 Contract signings for existing homes are starting to show some signs of recovery. Pending home sales grew 1.6% in February from the previous month, according to new data from the National Association of Realtors. The 75.6 reading index is the biggest month-over-month gain since last December. An index level of 100 is equal to the pace of contract activity in 2001. The gain in the index, a leading indicator to assess the housing market’s health, shows how a pickup in inventory is boosting the market as high rates continue to remain both buyers and sellers on the sidelines, and leaving … Continue Reading
As of April 2023, Mandiri Utama Finance’s NPF has increased slightly, this is the reason petek, August 29, 2024 ILLUSTRATION. PT Mandiri Utama Finance (MUF) posted a slight increase in non-performing financing (NPF). Reporter: Arif Ferdianto | Editor: Khomarul Hidayat KONTAN.CO.ID – JAKARTA. PT Mandiri Utama Finance (MUF) posted a slight increase in non-performing financing (NPF). Mandiri Utama Finance CEO Stanley Setia Atmadja said, as of April 2023 Mandiri Utama Finance’s NPF reached 1.16%, an increase of 0.94% from the position in March 2023. “The increase is due to the very limited number of working days in April 2023 along with the fairly long Eid holiday,” he said in a written statement to Kontan.co.id, Wednesday (7/6). Also Read: … Continue Reading
Indiabulls Housing Finance accepts bids for dollar bonds, say bankers | Company News petek, August 28, 2024 The non-banking finance company will pay a coupon of 9.70 per cent to investors, lower than the initial guidance of 9.95 per cent, the bankers said Indiabulls Housing Finance has accepted bids worth $350 million for dollar-denominated social bonds maturing in three years and three months, two merchant bankers said on Wednesday. The non-banking finance company will pay a coupon of 9.70 per cent to investors, lower than the initial guidance of 9.95 per cent, the bankers said. Barclays, CLSA, Deutsche Bank, Elara Capital, Emirates NBD Capital, Nuvama and UBS are the joint bookrunners for the issue. The bonds will … Continue Reading
Everton appeal latest points sanction for finance breaches petek, August 27, 2024 Apr 15, 2024, 08:41 AM ET Everton have lodged a formal appeal against the two-point deduction handed down by an independent commission earlier in April for breaching the Premier League’s Profit and Sustainability Rules (PSR), the league confirmed on Monday. The club has already had one reduced sanction on appeal this season, with the initial 10-point penalty for the same violations relating to last season’s reporting period reduced to six. – Stream on ESPN+: LaLiga, Bundesliga, more (US) The Premier League said in a statement that it had appointed an appeal board to hear the club’s case after the official … Continue Reading
What are the odds of the Fed hiking rates rather than cuts? petek, August 26, 2024 US Treasury Yields (^TNX,^TYX,^FVX) are moving higher as the debate over when the Federal Reserve will cut interest rates continues to heat up amid current market conditions. The US economy shows strength as consumers continue to spend despite inflation, according to March’s retail sales data, which could encourage Fed officials to hold off on rate cuts. Richard Bernstein Advisors Director of Fixed Income Michael Contopoulos joins Yahoo Finance to break down the recent movements in the bond market and the potential for the Federal Reserve to push rate cuts further down the line in 2024, much to the dismay of … Continue Reading