Rathbun named Bloomington interim finance director

Rathbun named Bloomington interim finance director

BLOOMINGTON — Scott Rathbun will serve as the city of Bloomington’s  interim finance director. “I am pleased to welcome Mr. Rathbun to the role of interim finance director,” interim City Manager Steve Rasmussen said Tuesday. “He was integral to this year’s budget process and will provide the finance department with solid leadership during this time of […]

Ping An A-Shares Trade at Rare Discount as Mainland Finance Hit

Ping An A-Shares Trade at Rare Discount as Mainland Finance Hit

Bloomberg News April 16, 2018, 11:00 PM EDT Concern that China will further free up bank deposit rates is prompting investors to dump financial stocks across the mainland, with insurers including Ping An Insurance (Group) Co. becoming collateral damage. Ping An’s yuan-denominated shares are now trading at a discount to those in Hong Kong, where […]

Are you taking steps to address this major retirement concern?

Are you taking steps to address this major retirement concern?

When it comes to retirement, today’s older workers unfortunately have plenty to worry about. From housing expenses to food and clothing, the prospect of retiring isn’t cheap, and given the number of folks in their 50s and 60s who are behind on personal savings, it’s no wonder the idea of leaving the workforce is stressful […]

AlRaedah Finance taps DataRobot for Artificial Intelligence initiatives

AlRaedah Finance taps DataRobot for Artificial Intelligence initiatives

ALRAEDAH Finance, a leading financial services company based in Saudi Arabia, announced that it is leveraging automated machine learning from DataRobot, the pioneer in automated machine learning, to transform its business. As DataRobot’s first customer in Saudi Arabia and the region’s first financial services company to adopt this technology, AlRaedah uses DataRobot to develop and […]

Not all Macron's EU reforms possible, German finance minister says

Not all Macron's EU reforms possible, German finance minister says

BERLIN (Reuters) – German Finance Minister Olaf Scholz said EU reforms proposed by French President Emmanuel Macron should be addressed before European elections next year, but added that some of the proposals were not feasible. FILE PHOTO: Finance Minister and vice-chancellor Olaf Scholz talks to the media after a group photo at the German government […]

How Trump can fix the Post Office – but won't

How Trump can fix the Post Office – but won't

President Trump doesn’t need a new commission to figure out how to fix the US Postal Service, as he has called for. He could just read what prior analysts have found. Or better yet, ask the Postal Service itself. Through no fault of its own, the Postal Service, which lost $2.7 billion in 2017, is […]

Zimbabwe to sell shares in 35 state-owned firms: finance minister

Zimbabwe to sell shares in 35 state-owned firms: finance minister

HARARE (Reuters) – Zimbabwe is looking to sell shares in 35 state-owned firms, including telecoms and mining entities in the latest step to revive the economy under new political leadership, Finance Minister Patrick Chinamasa said on Friday. FILE PHOTO: Zimbabwean Finance Minister Patrick Chinamasa reacts as he arrives to present his budget at Parliament in […]

Top bankers warn London's status as a global finance centre at risk from Brexit

Top bankers warn London's status as a global finance centre at risk from Brexit

By Andrew MacAskill and Lawrence White LONDON (Reuters) – Leading bankers warned on Thursday that Britain is yet to feel the real impact of Brexit which will undermine its status as a global finance centre as companies prepare to shift jobs out of London to preserve access to Europe’s single market. Goldman Sachs <GS.N> Chief […]

SA takes first step in Eskom finance-company sale

SA takes first step in Eskom finance-company sale

Johannesburg – Eskom’s mortgage unit may be sold after National Treasury began a pre-qualification process for bids, marking a first step in efforts by the power utility to sell assets and stabilise its financial situation. Eskom Finance has an R8.7bn loan book and about 16 000 customers, bid documents posted on a government website on […]

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