(Bloomberg) — Thailand’s finance minister resigned less than a month after he took office, injecting more uncertainty into an economy already reeling from its worst crisis in decades. The nation’s currency tumbled the most since July. The resignation of Predee Daochai, a former co-president of Kasikornbank Pcl, will be effective […]
Wealth inequality ‘concerning’ to business leaders: Edward Jones exec
“Leadership and business leadership needs to be thinking about the wealth gap in our economy,” says Pennington, who leads the financial advisory firm Edward Jones, which serves seven million clients in the U.S. and Canada with a combined $1.3 trillion in assets. “As business leaders, by virtue of the business […]
South Africa’s finance minster known for a Twitter roast chicken fail
Tito Mboweni Far from the cliché of a grey-suited quiet man of numbers, South Africa’s Finance Minister Tito Mboweni appears to relish stirring up trouble on Twitter both at home and abroad. His most recent tweets to his more than 870,000 followers criticising the president of neighbouring Zambia earned him […]
Reflecting on International Personal Finance’s (LON:IPF) Share Price Returns Over The Last Five Years
While the broader market lost about 7.0% in the twelve months, International Personal Finance shareholders did even worse, losing 23%. However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there’s a […]
Germany on ‘road to recovery’ as business morale brightens further
By Michael Nienaber and Rene Wagner BERLIN (Reuters) – German business morale improved more than expected in August as both manufacturing and services picked up steam, a survey showed on Tuesday, boosting hopes that Europe’s largest economy is set for a strong recovery following the massive coronavirus shock. The Ifo […]
How millennials and Gen Z are using TikTok to learn about personal finance
Millennials and Gen Z are not only turning to TikTok for entertainment, they are also using it to educate themselves about personal finance. Here are some of the personal finance TikTokers that are taking the platform by storm. For more like this, follow TMRW on Instagram at @tmrwxtoday. Humphrey Yang […]
Westpac sells vendor finance business to focus on core banking
(Reuters) – Australia’s Westpac Banking Corp on Friday agreed to sell its vendor finance business to a U.S. private equity firm, as part of its strategy to focus on core banking operations and trim its portfolio of underperforming businesses. The unit, which supports third parties to fund small-scale equipment finance […]
India’s L&T Finance Weighs $450 Million Rights Issue
(Bloomberg) — L&T Finance Holdings Ltd. is exploring a plan to raise around $450 million through a rights issue, people familiar with the matter said. The financial services arm of Larsen & Toubro Ltd. has started discussing the fundraising with potential advisers, said the people, who asked not to be […]
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Retailers plead for business rates overhaul
Asda Retail bosses have made fresh calls for ministers to accelerate a business rates review as the end of the tax holiday looms. Leading voices in the industry, who are part of the Retail Sector Council, have said it is imperative that the Government proceeds with an overhaul of the […]