Finance

Eye on ‘sustainable finance’: Banks to seek wider priority sector ambit

Banks may soon approach the Reserve Bank of India (RBI) to extend the priority-sector lending (PSL) status to “sustainable finance” to improve credit flow to this segment, given the increasingly critical role it is going to play in shaping the development needs of countries across the globe. Banking sources told FE that lenders, especially foreign …

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3 Unstoppable Investments Everyone Needs in Their Portfolio | Smart Change: Personal Finance

(Chuck Saletta) With the stock market falling throughout much of 2022, investors are rediscovering the risk involved in investing. The unfortunate truth is that your money is always at risk of some sort of loss, whether it’s invested or not. As a result, it’s critically important to put parts of your money to work in …

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South Carolina warns financial firm Morningstar over ostensible anti-Israel bias

South Carolina’s treasurer on Wednesday threatened to cut the US state’s ties with the multibillion-dollar investment firm Morningstar over alleged anti-Israel bias, part of an ongoing offensive against the company by Republican officials. Republican state leaders have repeatedly accused the Morningstar campaign of supporting the anti-Israel Boycott, Divestment and Sanctions (BDS), in violation of the …

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Volkswagen targets €70bn-€75bn valuation for Porsche in IPO

Volkswagen will price shares in Porsche at between €76.50 and €82.50, the German group announced on Sunday, leading to a partial IPO that would put a value on the historic sports car brand of €70bn-€75bn — in the middle of the range of analysts’ expectations. The flotation of 12.5 per cent of Porsche, planned for …

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Let bank’s experts assist with your financial future | finance

As the economy changes, many people are trying to navigate how it affects their finances. Financial institutions, such as banks, have professionals on staff who may be able to guide them in the right direction when it comes to making decisions about their money. Bill Caster, northern Ohio managing director at Fifth Third Private Bank …

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‘Only 1.7% of climate finance is going to small farmers who produce 1/3 of food in the world’: Reehana Raza

REEHANA RAZA, Regional Director, Asia and the Pacific Division, International Fund for Agricultural Development (IFAD), speaks to HARIKISHAN SHARMA on IFAD’s work in India, climate change, G-20 and other issues. Edited excerpts from the interview. What kind of work does the IFAD do in India? The IFAD’s mission is to alleviate rural poverty. It works …

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NASS to reduce budget deficit through Finance Act

The N11.03 trillion deficit proposed in the N19.76 trillion 2023 budget as indicated in 2023-2025 MTEF and FSP will be tackled by the National Assembly via necessary amendments of relevant provisions of the Finance Act. Chairman, Senate on General Services, Sani Musa (APC Niger-East), disclosed this while speaking with journalists in Abuja. Mr Musa said …

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Ukraine will receive additional financing from the World Bank

As early as November 2022, the World Bank can approve a package of additional financial assistance for Ukraine in the amount of $1 billion, and a decision is also being made to allocate funds to finance the budget deficit and restore infrastructure. This was announced by Deputy Minister of Economy of Ukraine Oleksandr Hryban. “I …

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