Monthly Archives: March 2021

WASHINGTON (AP) — A strange thing is happening in financial markets this week — a corner of the financial system where banks and others go for billions of dollars in short-term loans suddenly needs liquidity. To that end, the Federal Reserve has stepped in to pump about $200 billion into the market over the past […]

Treasury Secretary Steven Mnuchin and Senate Minority Leader Charles Schumer (DN.Y.) are in talks to avoid a nasty Senate fight between Democrats and Republicans that could leave a critical small business loan program short of cash. funds. Senate Majority Leader Mitch McConnell (R-Ky.) plans to seek unanimous consent Thursday morning to approve an additional $250 […]

WASHINGTON — As top Democrats continued to push a $1.9 trillion economic aid package through the House, some lawmakers and President Biden’s aides raised the possibility of borrowing even more money to fund the The president’s next round of spending plans, on infrastructure, backed by new projections that showed the country’s fiscal situation wasn’t as […]

The story so far: With mandi With shutdowns and supply chain disruptions wreaking havoc on agricultural marketing, the COVID-19 pandemic has brought to light some of the critical infrastructure gaps and long-standing governance issues plaguing the agricultural sector. The third installment of the Atmanirbhar Bharat Abhiyan listed measures to address these shortcomings, although there was […]

The President’s Special Envoy for Climate John F. Kerry speaks during a press briefing at the White House on January 27. Kerry did not have to deal with Senate confirmation for the job. (Evan Vucci/Associated Press) JOHN F. KERRYSworn in January 20 After serving as President Obama’s Secretary of State, Kerry has a new diplomatic […]

By Express press service BENGALURU: With the National Bank for Agriculture and Rural Development (NABARD) releasing an additional Rs 1,750,000,000 for Regional Rural Banks (RRBs) and Co-operative Banks, Karnataka has revised its lending targets to farmers. Cooperation Minister ST Somashekhar said on Wednesday that the state government’s target to disburse agricultural loans had been revised […]

The government decided on Thursday to extend additional refinancing support of Rs 30,000 crore to the National Bank for Agriculture and Rural Development (Nabard). This will be used to push liquidity through Regional Rural Banks (RRBs) and cooperative institutions, and expand the ongoing campaign to recruit 25 million new farmers for concessional credit […]

The government on Thursday decided to boost the flow of credit to agriculture by trying to attract more farmers under the Kisan Credit Card (KCC) scheme and through additional expenditure for the refinancing of agricultural loans. As Finance Minister Nirmala Sitharaman announced, 25 million farmers who do not have a Kisan credit card will now […]

The State Cabinet here on Tuesday decided to revise the lifetime tax on harvesters and tractors registered in Madhya Pradesh for agricultural purposes to one percent for the next 2 years. The Cabinet decided to continue the scheme in 2020-21 to provide short-term agricultural loans to farmers at zero percent interest rate through Cooperative Primary […]

MingZhu Logistics (NASDAQ:YGMZ) is an interesting Chinese trucking company, whose revenues have been hit by Covid-19, but which retains the potential for a significant recovery with new deals and the growth of e-commerce. However, the company’s profitability remains limited and although its market capitalization is low, its relative valuation remains high. Earnings For the first […]

Arizona Governor Doug Ducey and many of the state’s major banks announced an agreement on Monday to delay home foreclosures and evictions while providing loans and other assistance to small businesses stressed by the coronavirus. coronavirus outbreak. Most banks operating in Arizona have agreed to suspend evictions and foreclosures for at least 60 days, with […]

Summary Focus The housing market in the United States (and many other countries) has gone through a boom and bust cycle over the past two decades. Real house prices rose by more than 30% between 1995 and 2006, then fell by a similar amount until 2011. The financial sector and the rest of the economy […]

Rocket Companies recently launched “Rocket Pro Insight,” a new technology platform providing real-time real-time updates on the status of their clients’ mortgages. Through a website and mobile app, real estate professionals will have transparency into the lending experience. They are now able to see where each loan is in the process, the terms of their […]

The lame lawmakers returned to Washington this week with some major issues on their plate, but there are only a few legislative days left to resolve them. More urgently, a short-term deal to fund the government expires Dec. 11, leaving Congress less than two weeks to pass an omnibus spending plan or agree another tentative […]

WASHINGTON, DC – FEBRUARY 05: US President Joe Biden delivers remarks on the national economy and … [+] the need for the $1.9 trillion coronavirus relief legislation proposed by his administration in the State Dining Room of the White House on February 05, 2021 in Washington, DC. Biden hosted lawmakers from both parties at the […]

By Winni Zhou, John Ruwitch SHANGHAI (Reuters) – China on Wednesday lowered its key lending rate, as widely expected, to reduce corporate funding costs and shore up an economy hit by slowing demand and U.S. trade tariffs. FILE PHOTO: A Chinese yuan banknote is seen in this illustration photo from May 31, 2017. REUTERS/Thomas White/Illustration […]

As we’ve noted in previous articles, special assessments aren’t the only tool condo associations and HOAs have to fund common area upgrades and major repairs when needed; there are also loans available in the market to help communities pay for expensive projects. Larry Kirschner is a partner at Arch Capital Solutions, a national condominium loan […]

WASHINGTON — A U.S. senator from West Virginia has described work being done in a COVID emergency relief program being developed in Washington, DC, to provide additional relief during the ongoing pandemic. U.S. Senator Joe Manchin, DW.Va., held a press conference call Wednesday afternoon with reporters across the state regarding the bipartisan, bicameral […]

More PPP loans are coming. Here’s how your business can get a second one. President Donald Trump has signed into law a new $900 billion coronavirus relief and recovery plan. Among its provisions: An expansion of last spring’s Paycheck Protection Program, authorizing about an additional $284 billion in federally-backed repayable loans for struggling small businesses. […]

The World Bank Group and the IMF mobilize their partners in the fight against COVID-19 in Africa April 17, 2020 The World Bank Group and the International Monetary Fund today brought […]

Consumer credit reporting agency, TransUnion, has released its South African Industry Outlook (IIR) report for the fourth quarter of 2019, providing an overview of the state of the consumer credit market. consumption in the last quarter before the outbreak and spread of Covid-19 in South Africa. The economic and consumer landscape is changing drastically right […]

There are renewed concerns about the sustainability of rising debt levels in many African countries. Much of this debt is contracted through foreign currency-denominated Eurobonds issued in international financial markets. The total value of Eurobonds issued between 2018 and 2019 was greater than the value of all bonds sold between 2003 and 2016. African governments […]

The old saw was that when the United States sneezes, the rest of the world catches a cold. Now, a more apt adage for bear markets might be that when a coronavirus outbreak brings the world’s second-largest economy to a standstill, the rest of the world goes into recession. Indeed, recession fears resurfaced on Wall […]

Some investors are reducing their equity holdings for fear of rising inflation and rising interest rates. But some sectors, notably smaller banks, could benefit from higher rates. The 38 holdings of the Hennessy Small-Cap Financial Fund, mostly community and regional banks, are asset sensitive. This means that their balance sheets are positioned so that their […]

‘It’s chaos,’ lawyer says as small businesses who got aid fear rules too much to spend it Consider the fate of George Evageliou, the founder of a custom woodworking business. Last month, the SBA gave him a $192,000 loan According to the rules, he has 8 weeks to spend the money. For the loan to […]

Financial experts have been predicting another recession for years, and about three-quarters of Americans (74%) believe they would be personally affected if a recession were to occur in 2020, according to a recent survey from NerdWallet. Their most common concern is the rising cost of living (63%), but many worry about not being able to […]

Almost half a century ago, Burt Malkiel wrote “A Random Walk Down Wall Street,” which helped usher in the passive investing revolution. The bottom line about passive investing is that few fund managers can consistently beat the returns of the average stock index, like the S&P 500, so the best approach is to match its […]

FORM 8.3 DISCLOSURE OF OPEN POSITION TO THE PUBLIC / DISCLOSURE OF OPERATIONS BY A PERSON HOLDING AN INTEREST IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full Name of Discloser: Dimensional Fund Advisors Ltd. (“Dimensional”), in its capacity as investment manager and on behalf […]

During my first semester in law school, I taught an LSAT prep class two nights a week to pay for car repairs. At first, the work seemed manageable. I loved teaching others and having a life outside of school. However, the pressure mounted as the semester progressed and my workload increased. The extra money wasn’t […]

Oshkosh Corporation (NYSE: OSK), a leading innovator of critical vehicles and essential equipment, today announced that it has been named one of FORTUNE’s 2021 World’s Most Admired Companies. Ranked by its industry peers, Oshkosh Corporation is one of more than 330 companies to have earned this designation. The company is ranked third in the “Construction […]

Raoul Kapoor, COO of Andromeda, leads the largest loan distribution team in India, present in over 250 cities, supported by over 2,000 staff, over 3,500 agent partners and disbursing 20,000 crore loan proceeds per year. He built this business from the ground up and continues to deepen Andromeda’s geographic and business penetration. During his previous […]

NEW YORK, NY /ACCESSWIRE/ March 10, 2021 / Petrobras Distribuidora SA (OTC PINK:PETRY) will discuss its results during its fourth quarter 2020 earnings call to be held on March 10, 2021 at 10:00 a.m. EST. To listen to the event live or access a replay of the call – go to https://www.investornetwork.com/event/presentation/74577 To receive updates […]

A set of bipartisan House and Senate lawmakers on Tuesday launched a $ 908 billion COVID-19 relief framework that includes liability protections and $ 100 billion for suppliers. The package has not been presented to any of the chambers and has yet to be approved by House or Senate leadership and the White House. But […]

Lawmakers Call for ‘Full Accounting’ of SBA Data Leak By Mark Rockwell, Derek B. Johnson Apr 27, 2020 Lawmakers want more information on the exposure of personally identifiable information from thousands of companies applying for Small Business Administration pandemic relief loans. In one letter to SBA administrator Jovita Carranza on April 23, the senses Ben […]