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14 Jul 2013

Flaherty's time as finance minister may be over, but any successor faces PM oversight

National Long-term rating 'A-(idn)' reflects Fitch's expectation that MPM Finance would receive support from its parent company, PT Mitra Pinasthika Mustika Tbk (MPM; 'A (idn)' / Stable), if required. Rating considerations Fitch's view of the magnitude of trend is based on the support of MPM Finance for strategic interests MPM MPM binis vehicle. This is supported with 100% ownership of the MPM MPM Finance (62.82% is owned by no Rent directly through the MPM, which is owned by MPM). As part of binis automotive MPM, MPM Finance has an important role to provide services car financing. MPM Finance net finance receivables...

14 Jul 2013

"This move is contradictory. What is the option that India has right now? Shall we keep importing LNG at $15 as opposed to incentivising our companies by allowing them to sell at viable prices. This negative attitude can result in India having no incremental domestic gas production in the future.

China Can Endure Growth Slowdown to 6.5%, Finance Chief Says

Investors Should Reset Ambitions on China Approval Requirement Zhang Zhiwei, chief China economist at Nomura Holdings Inc., said Lous comments spurred investor inquiries over whether the 2013 growth target has been cut to 7 percent. Thats unlikely because the goal was approved four months ago and Li has failed to mention any revision, which may require approval from...

13 Jul 2013

Finance Ministry wants RIL to sell some gas at old price of $4.2/mBtu

M2 money supply rose 14 percent in June, the Peoples Bank of China said today in Beijing, down from a 15.8 percent pace in May, the biggest slowdown in more than two years. A cash squeeze designed to stamp out speculation sent interbank borrowing costs to the highest in at least a decade. Aggregate financing, the governments broadest measure of credit, was 1.04 trillion yuan ($169 billion), down from 1.78 trillion yuan in June 2012. New yuan loans were 860.5 billion yuan, accounting for the largest share of aggregate financing since September 2011.

Finance office a 'chaotic mess'

Each of these groups...

13 Jul 2013

Your Finance: Advisers who put your interests first

Last week, the SEC closed its comment period Theglobal banking crisisand wave offinancial regulationthat followed shined a spotlight on the goal of anintegrated enterprise view of riskand this got louder every time news broke of a scandal or crisis in the financial services sector. The benefits of the goal of integration were, and remain, appealing. Not only can integration of risk and finance help institutions meet the increasing data demands from their stakeholders, it can also deliver streamlined reporting and compliance. A report from Chartis Research shows that 88% of risk and finance practitioners in banks see the integration of their functions as a major priority. However, more than half...

12 Jul 2013

Google Finance now displays stock exchange data for Brazil, Turkey, Thailand, Austria, and Switzerland

Hear more examples of how technologies can support risk management in this 3-minute video by Michael Adams, Global Head Risk and Compliance Solutions, SAP, video. Modern methodologiesdont require a rip and replace approach when building an enterprise-wide platform for risk and finance integration. Furthermore, the capability can be developed over a period of time using anagile approach that addresses short and longer term needs. Am I right about this? Do you see other reasons why 2013 will be or will NOT be the tipping point for integrated risk and finance?

SAP The five in...

11 Jul 2013

Eurozone finance head questions Brussels power bid over banks

(Molly Riley/Reuters / June 25, 2013) Related Reuters 10:36 a.m. CDT, July 11, 2013 A proposal by Republicans in the House of Representatives aims to establish a new framework for the U.S. housing finance system and reduce the government's role in the market as much as possible, Republicans on the House Financial Services Committee told reporters. The draft legislation unvelied Thursday would wind down mortgage finance companies Fannie Mae and Freddie Mac in five yars, strip the mortgage securitization process from government control and revamp the Federal Housing Administration It would also create a legislative framework and regulatory...

10 Jul 2013

Campaign Finance Reform: Money In or Money Out?

Mr Chidambaram is likely to discuss the issue of investment by US companies in India especially in infra sector, various policy measures taken by the government to boost investment in the country and tax related matters among others. Before leaving for India, he is also scheduled to meet Senator Max Baucus, Chairman, Senate Finance Committee and Senator Mark Warner, Co-Chair, Senate India Caucus. Mr Chidambaram has been pitching for increased foreign investment into India, especially in the infrastructure sector. Also to attract overseas funds, the government has liberalised FDI norms in various sector including multi-brand retail and aviation. India...

10 Jul 2013

investwrite In a recent survey by the Investor Education Foundation at the Financial Industry Regulatory Authority, 61% of respondents were unable to answer three of five questions correctly a record weaker than the one set three years earlier. Sen. Kay Hagan, D.-N.C., has introduced the Financial Literacy for Students Act, but it is languishing in committee on Capitol Hill. The consequences of Americans' lack of know-how with finances are reflected in everything from the subprime meltdown to our dismal savings rate. And such lack of understanding has more ramifications.

Obama taps his re-election finance chairman, Matthew Barzun, to...

9 Jul 2013

Reminder - Fifth Street Finance Corporation (FSC) Goes Ex-Dividend Soon

FSC+Dividend+History+Chart A spokesman for the IMF, in the lenders first comments since Mursis overthrow, said it was following developments in Egypt closely and considering their implications for its work in helping the nation address serious economic challenges. The 33-article constitutional declaration announced yesterday gave a timeline rather than specific target dates. Parliamentary elections will be called within 15 days of the results of a referendum on proposed amendments to the suspended 2012 Islamist-backed charter, whose ratification outraged Mursi opponents. No Surrender The actual vote will take place one to two months later, according to a copy...

9 Jul 2013

EU Finance Ministers Approve Greek Aid Tranche, US Markets Tread Water

American Federation Of Teachers (D) The American Federation of Teachers, the second-largest union in the nation with 1.5 million members, gave $3,866,558 to super PACs. The union donated $1,116,558 to the AFL-CIO Workers' Voices PAC, $1 million to Majority PAC, $1 million to Priorities USA Action (supporting Barack Obama), $500,000 to House Majority PAC and $250,000 to DGA Action. Robert And Rebekah Mercer (R) Robert Mercer (left), the co-CEO of the $15 billion hedge fund Renaissance Technologies, and his daughter, Rebekah Mercer, gave $3,804,354 million to super PACs. Robert Mercer contributed $1 million to Restore Our Future...