Kuwait’s Prime Minister Sheikh Ahmad Nawaf al-Sabah has announced a cabinet reshuffle which includes the appointment of a new finance minister. The reshuffle keeps major roles unchanged, according to state news agency KUNA. The move comes over a month after the government resigned due to differences with the opposition-controlled parliament. Manaf Abdulaziz Al Hajri has […]
Investing in dividend-paying stocks can be a better option than risk-free small saving schemes such as PPF, EPF, and bank FDs. This is because sometimes these stocks can offer a double benefit – a high dividend yield that beats traditional risk-free investment options, and a significant increase in value over the investment period. PFC is […]
According to recent reports, Tesla has lowered its prices in the United States by 2% to nearly 6%, as the company continues its push to offer discounts on its electric vehicles. The price cut, which was reflected on Tesla’s website on Thursday, has raised concerns among analysts who warn that it could potentially impact the […]
The Swiss financial regulator, FINMA, has stated that allowing troubled lender Credit Suisse to go bankrupt would have had severe consequences for Switzerland’s economy and financial center. According to FINMA, the bankruptcy would likely have led to deposit runs at other banks. Instead, FINMA and the Swiss central bank facilitated the takeover of Credit Suisse […]
Haydock Finance, a UK-based business finance provider, has recently deployed Flex, a cloud-based and API-first calculation engine developed by NETSOL Technologies. Flex was launched as the first product of ‘Appex Now’, the first marketplace developed specifically for the global credit, finance, and leasing industry by NETSOL. Haydock Finance decided to deploy Flex to support its […]
Recent concerns have been raised by regulators regarding potential risks posed to traditional financial services (TradFi) by decentralized finance (DeFi). Such apprehensions have been amplified by events like the collapse of algorithmic stablecoin terraUST and the failure of FTX crypto exchange in 2022. Though the spillover effects on established financial institutions were limited, they have […]
According to a poll conducted by CNBC, distinguishing financial truth from fiction can be challenging. To assist consumers, eight personal finance experts were consulted to identify the most prevalent money myths. Here are nine of the most significant misconceptions debunked by these financial authorities. Myth 1 – Daily Coffee Sacrifice as a Major Financial Game-Changer […]
U.S. Treasury Secretary Janet Yellen testified in Congress on Wednesday about the department’s budget for the upcoming fiscal year, facing pressure from Republicans on proposed increases to climate spending and World Bank reform. The Treasury Department’s international budget request seeks an increase from $2.3 billion approved for 2023 to $4 billion for multilateral institutions and […]
London’s position as a leading financial hub is being challenged by other financial centers, according to a league table by the City of London Corp. New York shares the top spot with London, with Frankfurt and Paris gaining ground at a faster pace. The report analyzed 95 metrics to measure the competitiveness of financial centers, […]
The Orange Blossom Classic (OBC) is an annual celebration of Historically Black Colleges and Universities (HBCUs), culminating in a nationally televised football game between Florida A&M University and Jackson State University. The event will take place on Sunday, September 3, 2023, at the Hard Rock Stadium in Miami Gardens, Florida. This year’s theme is “The […]