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India ramps up banknote printing to end cash crunch

India ramps up banknote printing to end cash crunch

Amy Kazmin in New Delhi April 18, 2018 Print this page India is ramping up its printing of new banknotes, as it seeks to ease a currency shortage that has emptied ATMs in many parts of the country, reviving memories of the disruptive 2016 ban on high-denomination notes. Arun Jaitley, finance minister, sought to reassure […]

Indian finance minister vows quick fix to currency shortages

Indian finance minister vows quick fix to currency shortages

Amy Kazmin April 17, 2018 Print this page India’s ailing finance minister Arun Jaitley assured citizens on Tuesday that the country has sufficient cash to meet its economic needs, amid reports of a widespread currency shortage, with ATMs in many regions running dry simultaneously. Mr Jaitley, who has been working from home while undergoing treatment […]

Bitcoin tools could make finance system safer, says IMF boss

Bitcoin tools could make finance system safer, says IMF boss

The advance of bitcoin and other digital currencies could make the global financial system safer despite the prospect of “inevitable” accidents waiting to happen, the head of the International Monetary Fund has said. Christine Lagarde said some tools built using the technology behind bitcoin, which are known collectively as crypto-assets, hold the potential to revolutionise […]

Finance news you need to know today

Finance news you need to know today

THE Australian share market is expected to open slightly lower amid nervousness over the US-led attacks on Syria. On Monday morning, the Australian share price futures index was down six points, or 0.1 per cent, at 5,810. In the US on Friday, stocks led by the banks after poor earnings result from JP Morgan and […]

Sri Mulyani named Asia's best finance minister

Sri Mulyani named Asia's best finance minister

After being awarded Best Minister just two months ago, Sri Mulyani Indrawati has bagged another award as Finance Minister of the Year by Hong Kong-based publication FinanceAsia for the second consecutive year. FinanceAsia applauded Sri Mulyani’s “laser-like focus” on increasing tax revenue, which distinguished her from her counterparts across Asia. Her focus on increasing tax […]

This week in Personal Finance: How to get your tax refund early; when to exit a mutual fund

This week in Personal Finance: How to get your tax refund early; when to exit a mutual fund

The new financial year is well on its way. After having completed your tax saving investments for the previous year, it will now be time to file your tax returns. The sooner you do the better, more so if you are hoping to get some tax refund from income tax authorities. You will be due […]

A Personal Finance Book Based on Happiness Instead of Money

A Personal Finance Book Based on Happiness Instead of Money

Here’s what makes it different and, I think, explains its success and also the reason some people gush over it: Some even say it has changed their lives. (I am not one of them, but more on that later.) Most personal finance books focus on how you can pay for the lifestyle you already have […]

Why Costco only charges $4.99 for a rotisserie chicken

Why Costco only charges $4.99 for a rotisserie chicken

Costco’s rotisserie chickens have cost $4.99 since 2009. Management claims it’s happy to “eat” the cost in order to keep prices down for the consumer. But there’s actually a clever business strategy behind this. Costco would rather take a hit to its profits than raise the price of its $4.99 rotisserie chicken — but it isn’t actually […]

Morning Brief: Zuckerberg faces another round of grilling

Morning Brief: Zuckerberg faces another round of grilling

Wednesday, April 11, 2018 What to watch today Wednesday will be busy. In the morning, the latest data on inflation is set to cross the tape while investors will also pay close attention to mid-morning testimony from Facebook (FB) CEO Mark Zuckerberg. The March reading on inflation will cross the tape at 8:30 a.m. ET, […]

Making the Switch From Law to Finance

Making the Switch From Law to Finance

Matthew Kadnar, this week’s guest on Masters in Business, had a good career going as a lawyer. He was a senior associate at Melick & Porter, and then became in-house counsel for LPL Financial Services. But Kadnar was intrigued by the market, and made the big transition from being an attorney to asset management. He […]