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4 Aug 2013

City of Miami hires county finance staff to stabilize troubling budget issues

Miami Some of the challenges to humanity will include the rise of sea-level to 15% and 20% in the tropics; increases in tropical cyclone intensity felt in low-latitude regions; and increasing aridity and drought in many developing country regions located in the tropical. Thus the level of impacts that developing countries and the rest of the world experience will be a result of government, private sector, and civil society decisions and choices, including, unfortunately, inaction, summarized in the report. Forbes Asia attended the Global Green Growth Summit in Songdo, Incheon, an annual event focused on Green Growth, to find out...



4 Aug 2013

Michigan Finance Authority revenue notes rates SP-1 -S&P

Aso often speaks in a meandering style that has gotten him in trouble for off-the-cuff remarks in the past. He has apologized previously for accusing the elderly of being a burden on society, joking about people with Alzheimer's disease, saying the ideal country would be one that attracts "the richest Jewish people," and comparing the opposition Democratic Party of Japan to the Nazis. On Thursday, Aso insisted that he was referring to the Nazis "as a bad example of a constitutional revision that was made without national understanding or discussion." "If you listen to the context, it is clear that I have a negative view of how the Weimar...



3 Aug 2013

Japan finance minister under fire for Nazi comment

Japanese Finance Minister Taro Aso is surrounded by reporters at the ministry in Tokyo Thursday, Aug. 1, 2013. What factors will create the confidence necessary for developed countries to adequately fund new innovative institutions in this space, such as the Green Climate Fund? Developed countries and policy tools like the Green Climate Fund will play a critical catalytic role in financing green, climate friendly growth. Public financing need to be designed with private finance mobilization in mind blending small amounts of public funds with the flexibility and accountability that will create investor confidence, make for attractive investments, and ensure maximum impact for the public finance that is allocated. We have learned from the Climate Investment...



3 Aug 2013

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Provincetown’s finance director to take complaint to state

Unfortunately because the Provincetown Charter does not provide for [enforcement] by the charter enforcement commission in regard to any other town committee or board except those listed I will file my complaint at the state level instead [of] the local level, he wrote. Hoort has...



2 Aug 2013

The data has been provided by NVS Brokerage Ltd. and SPA Securities Ltd. T = Tentative C = Confirmed Date Security Mty Date Qty(Crs.) Rate Buyer CTRB Status 02-Aug-13 GRUH FINANCE 01-Nov-13 50 11.50 NVSB T 02-Aug-13 GRUH FINANCE 01-Nov-13 50 11.50 SPAS T 02-Aug-13 GRUH FINANCE DEC-13 100 11.60 NVSB T 02-Aug-13 GRUH FINANCE DEC-13 100 11.60 SPAS T 02-Aug-13 ABFL END SEP 100 11.50 NVSB T 02-Aug-13 IL&FS 1 YEAR 10.80 NVSB T Contributed via: Bloomberg Publisher WEB Service Provider ID:...



2 Aug 2013

Serbian PM moves to oust finance minister, risking election

Aso has retracted a comment he made Monday, July 29 in Tokyo suggesting Japan should follow the Nazi example of how to change the countrys constitution, following complaints from neighboring countries and human rights activists. Aso drew outrage for saying Japan should learn from how the Nazi party stealthily changed Germanys constitution before World War II before anyone realized it. CAPTION By Associated Press, TOKYO Japans Finance Minister Taro Aso refused Friday to resign or apologize over remarks suggesting Japan should follow the Nazi example of how to change the countrys constitution stealthily and without public debate. Following...



2 Aug 2013

Market Chatter-Corporate finance press digest

is a business development company that originates and invests in loans to privately held small-cap companies across a broad range of industries. The Companys investment activities are managed by its investment adviser, H.I.G. WhiteHorse Advisers, LLC, an affiliate of H.I.G. Capital, L.L.C. (H.I.G.

insurer American International Group Inc is still in talks about selling its aircraft leasing unit to a Chinese consortium after missing a July 31 deadline to close the $4.8 billion deal, sources said. * Austrian packaging group Constantia Flexibles has hired banks for an initial public offering that could take place this year, sources...



1 Aug 2013

Serbia avoids early election with deal to oust finance minister

Second, governments need to focus public finances in such a way as to maximize private investment in the projects that are developed. Public finance must unlock and leverage significant amounts of private capital; this can be done through funds that aggregate smaller investments in energy access, agriculture and energy efficiency; through insurance products that reduce policy and technology risk; and through structured funds that combine public and private investment in such a way as to attract large institutional investors. What factors will create the confidence necessary for developed countries to adequately fund new innovative...



1 Aug 2013

GE Capital Retail Finance Celebrates 80 Years of Consumer Financing

Emerging market countries often use reserves to fend off speculative attacks against its currency, and to provide a cushion against external debt service. The FinMin said that Indias target for this years fiscal deficit was still 4.8%. It is a red line and it will not be breached, he said on a day that economic data out of the country showed the government had run up a fiscal deficit of nearly half the budgeted amount in the first quarter. The fiscal deficit for April-June quarter was 48.4% of the budgeted amount compared with 37.1% in the same period last year, the ET reported Thursday.

Steve Feldman Joins FGI Finance...



1 Aug 2013

Serb Leaders to Discuss If Finance Chief Stays in Cabinet

"I can't pay this; my tenants can't pay this." Finance board members agreed that there appeared to be irregularities. Abbazia, a Democrat, pointed to information given to him by City Assessor Frank Kirwin illustrating the distribution of assessments resulting from the recent revaluation. "The public's comments, as well as a schedule that Frank put together, seems to point out that there are some valuations that are at the extreme end of what we'll call the spectrum," Abbazia said. "They do warrant further review." Residential real estate in Stamford, which totals 33,658 property parcels, decreased 24 percent on average under last year's...