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Morning Brief: Starbucks debuts in Milan; Howard Schultz addresses speculation of presidential run

Morning Brief: Starbucks debuts in Milan; Howard Schultz addresses speculation of presidential run

Thursday, September 6, 2018 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe What to watch today On Thursday, the market’s attention will shift to the U.S. labor market with ADP’s report on private payroll growth and the weekly report on initial jobless claims both set […]

Israeli Finance Chief Avoids Making Unpopular Decision to Raise Dairy Prices

Israeli Finance Chief Avoids Making Unpopular Decision to Raise Dairy Prices

Tnuva has complained in a petition to the High Court of Justice that Finance Minister Moshe Kahlon’s aversion to making unpopular decisions is holding up a price hike to regulated dairy products. The dairy giant also cited disagreements between the finance and agriculture ministries “that have nothing to do with the dairy industry.” Tnuva’s accusation […]

Experian executive extols virtues of innovation at Friends of Finance luncheon

Experian executive extols virtues of innovation at Friends of Finance luncheon

Having seen travelers struggle with their luggage, Northwest Airlines pilot Richard Plath in 1987 devised putting rollers on suitcases. He went to Samsonite, which turned him down. Italian luggage maker Tumi, however, embraced the idea. The new cost for doing business in Tulsa. For those who care about business and this community, we have a […]

Reliance Home Finance in exclusive talks with an overseas investor for equity investment

Reliance Home Finance in exclusive talks with an overseas investor for equity investment

Reliance Home Finance (RHFL), a subsidiary of Reliance Capital, has entered into exclusive discussions with an overseas institutional investor for a potential equity investment into the company. Reliance Home Finance said the discussions are subject to confirmatory due diligence, definitive documentation, and necessary approvals. “Reliance Home Finance has entered into exclusive discussions with an overseas […]

Buy Manappuram Finance; target of Rs 134: Nalanda Securities

Buy Manappuram Finance; target of Rs 134: Nalanda Securities

Nalanda Securities’ research report on Manappuram Finance Company has outstanding gold loan AUM of 125bn. Within gold loan AUM, agricultural-based, micro loans and consumer based loans contribute one-third each in portfolio. With revival in business & rural economy (due to government initiative, normal monsoon in many regions), we expect agricultural and micro based loan to […]

Italian Finance Minister Says Spread Will Narrow on Budget Plan

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Ex-Youngstown mayor, finance director indicted for bribery

Ex-Youngstown mayor, finance director indicted for bribery

A former mayor and a former finance director in the northeast Ohio city of Youngstown have been indicted on public corruption charges. Authorities say the racketeering and bribery charges filed Thursday in Mahoning County against 75-year-old Charles Sammarone and 61-year-old David Bozanich are part of an ongoing public corruption probe involving a businessman from Poland, […]

Finance director sentenced after laundering $100m

Finance director sentenced after laundering $100m

A banned Auckland finance director has been sentenced after laundering dirty money for a high-profile multi-national drug deal. The former Queen St broker is now also bankrupt after a High Court judge fined him $5.3m for his “calculated and contemptuous disregard” for anti-money-laundering laws in connection with more than 1500 transactions totalling $105.4m. Xiaolan Xiao’s […]

Casino sinks after finance entity says it has not filed accounts

Casino sinks after finance entity says it has not filed accounts

Shares in France’s Casino plummeted as much as 15 per cent on Friday afternoon after a key finance entity told investors it did not file financial documents. The French supermarket group and its parent company Rallye have been under pressure this year after analysts and investors have raised fresh questions about the complexity of its […]

Turkey lira crisis: Finance chiefs to RESIGN as pressure grows on Erdogan

Turkey lira crisis: Finance chiefs to RESIGN as pressure grows on Erdogan

Erkan Kilimci, Turkey’s Central Bank deputy governor and ratesetter, is leaving the bank Reuters reported today. The Development Bank of Turkey, an institution aimed at promoting development and sustainable growth in the country, has released a document showing that Mr Kilimci is joining its board. Senior sources in the Central Bank said Mr Kilimci’s departure […]