Brazil taps ex-finance minister to head powerful BNDES development bank

Brazil taps ex-finance minister to head powerful BNDES development bank

Brazil’s incoming president has appointed Joaquim Levy, the World Bank’s chief financial officer and a former finance minister, as the new head of BNDES, the country’s all-powerful development bank. Paulo Guedes, the new economic tsar to far-right president-elect Jair Bolsonaro, confirmed the appointment of Mr Levy on Monday, praising the 57-year old’s “extensive experience in […]

How Connected Cars Could Change Auto Finance

How Connected Cars Could Change Auto Finance

Share Tweet Share Share Share Print Email The automobile is one of those products that can change countless details of daily lives, to say nothing of the payments and commerce ecosystems associated with vehicles. And any significant change to the automobile — and that includes the rise of connected cars — will bring shifts to other […]

Interserve shares dip to lowest in 30 years amid finance concerns

Interserve shares dip to lowest in 30 years amid finance concerns

The share price of Interserve has plunged to its lowest point in more than 30 years, as concerns mounted over its finances. The Reading-based construction company’s shares closed down by more than 10% on Monday to 39p, as investors digested an update from Renewi. Last week, the waste-to-product manufacturer said Interserve had missed a deadline […]

Hospital CIOs report lack of confidence about their financial data

Hospital CIOs report lack of confidence about their financial data

A new survey of 85 healthcare chief information officers has found that almost half of CIOs lack confidence in their financial data and in their ability to access it, with many indicating that changes are being considered. IMPACT Health IT company Dimensional Insight asked respondents to rate their trust in their organizations’ data on a […]

How Trump's tax cuts hurt the GOP in America's wealthy suburbs

How Trump's tax cuts hurt the GOP in America's wealthy suburbs

Republicans are losing their hold on upper-middle-class suburbs, and the tax reform bill may be to blame. Although a number of races are still too close to call, Democrats have taken 30 seats so far — more than the 23 GOP districts they needed to seize control of the House of Representatives. In swing districts […]

Stocks fall, US oil snaps 10-day losing streak

Stocks fall, US oil snaps 10-day losing streak

Stocks slid Monday, the dollar edged higher and domestic oil prices snapped a 10-day losing streak. The S&P 500 (^GSPC) fell 1.55%, or 43.16 points, as of 1:41 p.m. ET. The Dow (^DJI) slipped 1.77%, or 460.39 points, approaching a session low. The Nasdaq (^IXIC) fell 2.44%, or 180.5 points. Notably, utility stocks PG&E and Edison […]

Campaign Finance Office Looking Into $62350 Dispersement From Bowser Campaign

Campaign Finance Office Looking Into $62350 Dispersement From Bowser Campaign

Darrow MontgomeryThe payments from Mayor Muriel Bowser’s campaign to Kimberly Lockett started just before the primary election. On June 11, eight days before primary voting, Lockett was paid $26,500 for work as a “consultant,” campaign finance reports show. On June 21, two days after Bowser won 80 percent of the democratic vote, effectively sewing up a historic second […]

BAHAMAS: Ministry of Finance Press Release re Updates Concerning Tax Waiver for Shoe and Clothing Merchants

BAHAMAS: Ministry of Finance Press Release re Updates Concerning Tax Waiver for Shoe and Clothing Merchants

Facebook Twitter Google+ LinkedIn Pinterest WhatsApp #Nassau, November 12, 2018 – Bahamas – The Ministry of Finance is inviting retail shoe and clothing merchants to take advantage of the customs duty waiver that is available to businesses to reduce the cost of importing goods.  Since the policy was announced in July, with the start of the […]

German finance ministry rejects own party's carbon price plan

German finance ministry rejects own party's carbon price plan

Plan being developed by SPD environment minister would ‘increase the burden on citizens’ said finance ministry, which is controlled by the same party Germany’s finance ministry, led by social democrat (SPD) Olaf Scholz, has rejected environment minister Svenja Schulze’s (also SPD) plan to work on a national price on CO₂ emissions in Germany, which would […]

Not terrified of a recession? These stocks hint you should be

Not terrified of a recession? These stocks hint you should be

Sometimes in life it’s the smallest things that speak the loudest. Take the Russell 2000 (^RUT), the one-time darling among investors following the election of President Donald Trump. The small-cap index has severely underperformed the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite these past three months by tanking a worrisome 8%. That dismal […]

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