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How minimalism can simplify your finances — and help you grow your wealth Jan 20th
Use less. Spend less. Accumulate less. Minimalistic money management can lead to more money, more fulfilment, more clarity and better organization..... More »
Seasonal stock market indicators flashing warnings to investors Jan 9th
Investors saw results this week from three seasonal indicators about the year ahead, and all are negative. One indicator had the worst five trading days to start a year since 1930..... More »
Consumer watchdog agency asks court to reconsider ruling + MORE Nov 18th
WASHINGTON – The government’s consumer finance watchdog is asking a federal appeals court to reconsider its ruling that said the agency’s structure is unconstitutional.
The Consumer Financial Protection Bureau on Friday called the 2-1 ruling last month “dramatic and unprecede.... More »
German investor confidence down amid concern over UK vote + MORE May 24th
BERLIN – A survey of German investor confidence has dipped unexpectedly because of concerns, among others, over whether Britain will vote to leave the European Union.
The ZEW institute said Tuesday its index of economic sentiment for Germany dropped to 6.4 points for May, down from 11.2 in Apr.... More »
Carney visiting Qatar to drum up investment despite 'brutal' human rights record Jan 17th
Carney's office said he will be seeking more trade access and partnerships in artificial intelligence, infrastructure, energy and defence while in Qatar..... More »
ABN Amro Q2 earnings rise on one-time items; government privatization plan coming soon
– canadianbusiness.com
AMSTERDAM – ABN Amro NV, the bank that was nationalized by the Dutch government so it wouldn’t go bust in 2008, says second quarter earnings rose slightly after one-off impairments were not as high as a year earlier.
Net profit reported Friday was 402 million euros ($537 million), up from 337 million euros in the same period of 2012.
CEO Gerrit Zalm, however, warned Friday that bad loans are rising amid the ongoing Dutch recession, which has now passed the one-year mark. He said small businesses are suffering the most. Consumers are spending less, but saving more — bad for businesses, but retail savings provide a cheap form of funding for ABN, helping interest margins.
Finance Minister Jeroen Dijsselbloem said Wednesday the Cabinet will soon release a plan for re-privatizing ABN.
The post ABN Amro Q2 earnings rise on one-time items; government privatization plan coming soon appeared first on Canadian Business.
Net profit reported Friday was 402 million euros ($537 million), up from 337 million euros in the same period of 2012.
CEO Gerrit Zalm, however, warned Friday that bad loans are rising amid the ongoing Dutch recession, which has now passed the one-year mark. He said small businesses are suffering the most. Consumers are spending less, but saving more — bad for businesses, but retail savings provide a cheap form of funding for ABN, helping interest margins.
Finance Minister Jeroen Dijsselbloem said Wednesday the Cabinet will soon release a plan for re-privatizing ABN.
The post ABN Amro Q2 earnings rise on one-time items; government privatization plan coming soon appeared first on Canadian Business.
Money fund assets rise $15.49 billion to $2.638 trillion in most recent week
– canadianbusiness.com
NEW YORK, N.Y. – Total U.S. money market mutual fund assets rose $15.49 billion to $2.638 trillion for the week that ended Wednesday, according to the Investment Company Institute.
Assets in the nation’s retail money market mutual funds rose $7.31 billion to $931.03 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category increased $5.9 billion to $735.01 billion. Tax-exempt retail fund assets rose $1.41 billion to $196.01 billion.
Assets in institutional money market funds rose $8.18 billion to $1.707 trillion. Among institutional funds, taxable money market fund assets increased $7.84 billion to $1.63 trillion. Assets of tax-exempt funds rose $340 million to $72.8 billion.
The 7-day average yield on money market mutual funds was unchanged at 0.01 per cent from the previous week, according to Money Fund Report, a service of iMoneyNet Inc. in Westborough, Mass. The 7-day compounded yield was flat at 0.01 per cent…
Assets in the nation’s retail money market mutual funds rose $7.31 billion to $931.03 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category increased $5.9 billion to $735.01 billion. Tax-exempt retail fund assets rose $1.41 billion to $196.01 billion.
Assets in institutional money market funds rose $8.18 billion to $1.707 trillion. Among institutional funds, taxable money market fund assets increased $7.84 billion to $1.63 trillion. Assets of tax-exempt funds rose $340 million to $72.8 billion.
The 7-day average yield on money market mutual funds was unchanged at 0.01 per cent from the previous week, according to Money Fund Report, a service of iMoneyNet Inc. in Westborough, Mass. The 7-day compounded yield was flat at 0.01 per cent…
Oil stays above $105 a barrel ahead of U.S. housing data
– canadianbusiness.com
BANGKOK – The price of oil rose slightly Friday, ahead of the release of an economic report in the U.S.
Benchmark oil for October delivery gained 5 cents to US$105.08 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose $1.18 to close at $105.03 a barrel on the Nymex on Thursday.
The eurozone’s purchasing managers’ index, a key gauge of growth in both the manufacturing and services sectors, rose to 51.7 points in August from 50.4 in July, according to financial information company Markit. It was the highest reading since June 2011 and supported expectations that the eurozone’s recovery from recession is gaining momentum.
Still, traders said the eurozone’s recovery was uneven and being driven by outsized momentum from Germany.
“Output levels slowed notably in France in both the sectors, in sharp contrast to strong outcomes out of Germany. This validates the fragile nature of the turnaround in activity, as growth is not on firm ground even amongst the core member countries,” said analysts at DBS Bank Ltd…
Benchmark oil for October delivery gained 5 cents to US$105.08 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose $1.18 to close at $105.03 a barrel on the Nymex on Thursday.
The eurozone’s purchasing managers’ index, a key gauge of growth in both the manufacturing and services sectors, rose to 51.7 points in August from 50.4 in July, according to financial information company Markit. It was the highest reading since June 2011 and supported expectations that the eurozone’s recovery from recession is gaining momentum.
Still, traders said the eurozone’s recovery was uneven and being driven by outsized momentum from Germany.
“Output levels slowed notably in France in both the sectors, in sharp contrast to strong outcomes out of Germany. This validates the fragile nature of the turnaround in activity, as growth is not on firm ground even amongst the core member countries,” said analysts at DBS Bank Ltd…
Asian stock markets rise after China, eurozone post data showing improved factory output
– canadianbusiness.com
BANGKOK – Asian stock markets rebounded Friday after encouraging economic data from China and Europe raised hopes that a global economic recovery was underway.
A survey released Thursday by HSBC Corp. indicated that manufacturing in China had expanded in August, the latest evidence that the world’s second-largest economy may be over its recent weakness. HSBC’s preliminary purchasing managers index rose to 50.1 from July’s 47.7 — crossing the critical 50 threshold to indicate an expansion in activity.
“This should reassure even the most bearish that China has avoided a hard landing for now,” Qinwei Wang of Capital Economics wrote in an email commentary.
Japan’s Nikkei 225 index jumped 2.8 per cent to 13,738.82. Australia’s S&P/ASX 200 advanced 1 per cent to 5,128.70. South Korea’s Kospi added 1.4 per cent to 1,874.39. Hong Kong’s Hang Seng rose 0.6 per cent to 22,013.31.
Sam Le Cornu, portfolio manager at Macquarie Funds Group in Hong Kong, said the data supported arguments that the world’s No…
A survey released Thursday by HSBC Corp. indicated that manufacturing in China had expanded in August, the latest evidence that the world’s second-largest economy may be over its recent weakness. HSBC’s preliminary purchasing managers index rose to 50.1 from July’s 47.7 — crossing the critical 50 threshold to indicate an expansion in activity.
“This should reassure even the most bearish that China has avoided a hard landing for now,” Qinwei Wang of Capital Economics wrote in an email commentary.
Japan’s Nikkei 225 index jumped 2.8 per cent to 13,738.82. Australia’s S&P/ASX 200 advanced 1 per cent to 5,128.70. South Korea’s Kospi added 1.4 per cent to 1,874.39. Hong Kong’s Hang Seng rose 0.6 per cent to 22,013.31.
Sam Le Cornu, portfolio manager at Macquarie Funds Group in Hong Kong, said the data supported arguments that the world’s No…
Is the lustre returning to Barrick?
– theglobeandmail.com
The selloff of non-core assets, cost controls and dividend cut has put miner on solid footing
