Export finance won't save Iran business: French official

Export finance won't save Iran business: French official

PARIS (Reuters) – Euro-denominated financing set up by European countries to trade with Iran will not be enough to sustain economic ties with Tehran in the face of U.S. sanctions, an adviser to the French president said on Tuesday. Following Washington’s withdrawal from the Iran nuclear agreement last week, Europe needs a “more global approach […]

Personal finance lessons for Flipkart millionaires

Personal finance lessons for Flipkart millionaires

Walmart’s acquisition of Flipkart has generated one of the largest pools of wealth for employees in India’s corporate history. Employee stock option plans (Esops) held by about 100 current and former employees of Flipkart are now estimated to be worth more than $1 million. A recent Times of India article stated that the deal would […]

Braemar finance chief standing down

Braemar finance chief standing down

Braemar Shipping Services needs to find a new group finance director due to the decision by Louise Evans not to stand for re-election at the shipbroker’s AGM. “Following a mutual decision, it is expected that Louise will be leaving the company shortly after the AGM, to pursue other interests,” the UK shop said on Tuesday. […]

Israeli, US finance chiefs meet, agree to keep coordinating on Iran sanctions

Israeli, US finance chiefs meet, agree to keep coordinating on Iran sanctions

Finance Minister Moshe Kahlon and his American counterpart on Monday discussed coordination and cooperation on Iran sanctions and praised the US Embassy relocation to Jerusalem. In his third meeting with US Treasury Secretary Steven Mnuchin since US President Donald Trump was sworn in, Kahlon said cooperation between the countries has “increased dramatically” since the new […]

YieldStreet pitches ship finance to retail

YieldStreet pitches ship finance to retail

YieldStreet, a venture capital-backed asset-based lender, says the former head of Deloitte’s shipping practice in Greece will be joining the firm as it cites the success of its first marine finance offering for retail investors. George Cambanis, who founded Deloitte’s Greece practice in 1976, is joining the New York-based YieldStreet, according to the company. Saying […]

Litigation finance is critical tool for justice

Litigation finance is critical tool for justice

To the editor: The upcoming New York Senate hearing on legal funding (“Lawsuit lending spotlighted by state Senate“) provides an important opportunity for lawmakers to understand how they can best protect consumers while preserving access to this critical resource. Legal funding empowers victims to exercise their right to pursue justice by helping them manage everyday […]