Cash News Israel began bombing Lebanese branches of an association accused of financing the Iran-backed Hezbollah movement, Lebanese state media reported late Sunday, a further escalation of Israel’s nearly month-long war against the militants. The National News Agency said at least three branches of the Al-Qard Al-Hassan association had been hit in Hezbollah’s south Beirut […]
Rizwana for transparent climate finance to save vulnerable people from debt traps #CashNews.co
Cash News Rizwana for transparent climate finance to save vulnerable people from debt traps DHAKA, Oct 20, 2024 (BSS) – Environment, Forest and Climate Change Adviser Syeda Rizwana Hasan today stressed the need for fair and transparent climate finance system to prevent vulnerable countries from falling into debt traps. She said climate finance […]
IDLC Finance profit grows 80% in Jul-Sep #CashNews.co
Cash News TBS Report 20 October, 2024, 07:25 pm Last modified: 20 October, 2024, 07:35 pm IDLC Finance Ltd, the country’s largest non-bank financial institution (NBFI), reported an 80% year-on-year profit growth in the July-September quarter, driven primarily by investment income from government securities. According to the un-audited financial statement for the third quarter of […]
Finance Minister Katy Gallagher against Coalition criticism of government-funded jobs boom after recent employment figures #CashNews.co
Cash News Finance Minister Katy Gallagher has defended Labor’s role in the recent employment figures as the growth of government-funded roles, particularly in care, have dampened hopes of a rate cut anytime soon. The Australian Bureau of Statistics on Thursday revealed the unemployment rate remained at 4.1 per cent during the September month with an […]
Bitcoin Poised To Reshape Global Finance And Public Markets #CashNews.co
Cash News BlackRock CEO Larry Fink. (Photo by Michael M. Santiago/Getty Images) Getty Images Bitcoin has achieved a 1.3 trillion dollar market cap and boasts hundreds of millions of users, but it is still met by some with skepticism, fear, and even disdain. Detractors label it a tool for criminals or speculative gamble with no […]
Ukraine completes 28 structural benchmarks under EFF #CashNews.co
Cash News Within the framework of the Extended Fund Facility for Ukraine (EFF) from the International Monetary Fund, Ukraine has already completed 28 structural benchmarks. That’s according to the Ministry of Finance, Ukrinform reports. “Overall, Ukraine has already met 28 structural benchmarks, including 19 in the fiscal area, under the EFF,” the statement reads. It […]
3 Things the Middle Class Won’t Be Able To Afford in Less Than a Decade #CashNews.co
Cash News Prostock-Studio / Getty Images It’s no secret that the cost of living has been steadily on the rise. In 2022 amidst the COVID-19 pandemic, inflation reached 8% (the highest it’s been since the early 1980s). Certain everyday goods, like food, rose even higher. Read Next: I’m a Financial Advisor: 5 Things the Middle […]
Groups agree to deepen Islamic finance #CashNews.co
Cash News The Capital markets Authority (CMA) and stakeholders within the Islamic finance sector have agreed to work together in coming up with shariah-compliant investment products amid liquidity challenges among lenders. The challenges of the shariah-compliant banks stem from stringent Islamic values seen to deter them from investing in government securities and participating in the […]
Afterlife of finance bros: Leaving banking for their rock band #CashNews.co
Cash News SINGAPORE – In April 2023, Mr Jason Lee, 49, left his high-flying job at DBS to focus on his rock band – a choice so momentous that it runs through his mind daily. The father of three children aged 21, 18 and 16 says: “I still wake up every morning thinking, what the bleep […]
Afterlife of finance bros: Trading in Wall Street to be a clown #CashNews.co
Cash News “The first few years were living a dream and learning what this lifestyle was,” he recalls. “But after two to three years, it plateaued. I felt like I was no longer growing as a person and no longer looked forward to doing this.” Despite being drawn to the job for its promise of […]