Finance

Exxon Mobil denied permission to resume Russian oil work

Oil giant Exxon Mobil will not be allowed to resume drilling in Russia after US President Donald Trump vowed to uphold sanctions. The US Treasury Department said that, after talks with Mr Trump, it would not waive trade sanctions on Russia for US firms seeking to restart work. It had been reported that Exxon, the world’s largest publicly traded oil ... Read More »

Six partners to leave Freshfields this month as part of finance restructuring

Six finance partners will leave Freshfields Bruckhaus Deringer at the end of this month, while two others will be deequitised from the partnership, as the firm completes a restructuring of its global finance practice. Five of the partners leaving the firm are based in London, while one is based in New York. In London, they include City aviation finance partner ... Read More »

Biggest share of UK lenders since 2008 plan to tighten supply of consumer credit – Bank of England

More British lenders plan to rein in the supply of credit to consumers in the next three months than at any time since the 2008/09 financial crisis, according to a Bank of England survey that may add to concerns about the economic outlook ahead of Brexit. A net balance of 18.8 percent of British lenders expect to tighten the availability ... Read More »

Buy Capital First, Repco Home sell Bharat Financial, Sonata Software Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, “I don’t think Infosys is worth trading because there are structural problems. Even if the guidance is 0.5-1 percent higher two, months later they will come back and revise the guidance. I think the better trades are in NBFCs and in Capital First etc. which are making new highs.” “Bajaj Finserv is at Rs ... Read More »

The week ahead in business and finance

JD Sports will publish its full-year results this week CREDIT: REX The city will be hoping for signs of progress on Empiric Student Property’s search for a new chief financial officer after Michael Enright resigned last month for personal reasons, when it unveils its interim results. Although the student accommodation owner appointed Nigel Turner as interim finance chief, it said it ... Read More »

Financial Education: When to start talking about saving?

PORTLAND, Maine (NEWS CENTER) — How important is financial education? A significant part of financial capability is the ability to make ends meet through adequate savings. Having resources for immediate medical needs is also an important component. In Maine, 15% of individuals reported that over the past year, their household spent more than their income (not including the purchase of ... Read More »

Post-Brexit-vote surge for UK economy comes to an end

Worries that the UK economy is losing steam have been strengthened by news of a housing market slowdown, a drop in industrial output and the weakest performance for a year by the construction industry. Economists on Friday said there was growing evidence that the UK economy slipped down a gear as it entered the new year, following a strong finish ... Read More »

RBI paper seeks views on wholesale, long-term finance banks

The new banks—wholesale and long-term finance banks—will focus on lending long-term and cater to the funding needs of sectors such as infrastructure and core industries, RBI said in a discussion paper. Photo: Reuters Mumbai: The Reserve Bank of India (RBI) on Friday released a discussion paper seeking comments on a new category of banks—wholesale and long-term finance banks that will ... Read More »

Women And Finance: Is The Picture Improving?

Studies show women aren’t confident about their finances but are eager to learn. The growth in educational tools tailored for women at banks, brokers and investment houses could improve the picture of women’s finances. Given her skill at handling money, Elizabeth Dodson could be a model for women. She meets quarterly with her financial advisor and holds a monthly meeting ... Read More »

10 Richest Billionaires In Finance

Forbes released its ranking of the world’s richest people. Ironic or not, just one billionaire in the top 10 earned their fortune through investments and banking: Warren Buffett. Here is a look at the top 10 richest people in the field of finance. 10 Richest People In Finance 1. Warren Buffett: Raking number two overall, the “Oracle of Omaha” is ... Read More »