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Covid loans, the billionaire… and Starling, the very fast-growing bank | fintech
Aboard his 92ft yacht in the Bahamas in June 2015, reclusive Austrian-born billionaire Harald McPike was investigating a new money-making opportunity.Decades after apparently making his first fortune at blackjack, the player-turned-investor…
Government at odds with fertilizer industry
The Pakistani government has once again found itself at odds with the fertilizer industry over the lack of action it has taken in the federal budget to settle the ongoing subsidy payments and address the issue of imbalance in the sales tax.…
A catalog of the latest cons and scams of 2022
Popular Netflix show Squid Game inspired a crypto token that saw over US$3 million ripped off from investors (Alamy)
TIMESHARE OBJECTIVE
With the pandemic slowing international travel, many Canadians who own…
How to avoid business failure
A few weeks ago we were talking about a company that was in distress. This business failed and folded. It turns out that business owners have spent many months in denial and lies. They asked everyone they knew for help and advice,…
Own shares or cryptocurrency with Robinhood? This is how you will be taxed
Robinhood is a popular brokerage that many investors use to buy or sell stocks, cryptocurrencies, and more. If you're one of the millions of investors using the Robinhood app, you need to understand the tax rules that might apply to you.It…
Exclusive Networks SA (EPA:EXN) on the verge of turning from loss to profit
We think it's a good time to analyze Exclusive Networks SA (EPA:EXN) As it seems, the company may be on the verge of a huge achievement. Exclusive Networks SA operates as a global specialist in cybersecurity for digital…
Young Americans struggle to save for retirement. A proposed federal rule would complicate matters.
Sometimes good intentions lead to bad results. This is the case of a new fiduciary rule, which is again under discussion at the Ministry of Labour.
In 2010, proponents of the fiduciary rule drafted the…
Mosaic Stock is good, but CF Industries is better (NYSE:CF)
VisualArtStudio/iStock via Getty ImagesThe investment thesis This article takes a look at two of the top stocks in this space, Mosaic (NYSE: MOS) and CF Industries (New York Stock Exchange: CF), from close. The thesis is twofold. First…
Deposit Insurance Limits and Trusts and Mortgage Service | Cadwalader, Wickersham & Taft LLP
The FDIC issued a “Small Entity Compliance Guide" which provides a summary of its final rule allowing the "simplification of the deposit guarantee,which takes effect on April 1, 2024.
The compliance guide provides an overview of how the…
Tax Advice for Clients Who Day Trade Stocks
The proliferation of retail has brought challenges as well as new opportunities for accountants. Since the tax rules surrounding day trading can be murky and complex, clients who daytime-Trade as a primary or secondary source of…
India’s banking sector recorded highest profit in past 26 quarters
The profit momentum of the Indian banking sector continued from fiscal 2021 to 2022, with the sector recording its highest profit in the last 26 quarters or six and a half years and private banks being the best performers.The banking sector…
Are you ready for retirement? 5 things you should think about first
Time has flown. The possibility of retirement, which seemed as far away as the setting sun on your way home from work perhaps 30 years ago, now seems much closer to your windshield.But you may not know when you'll be ready to make a career…
MoD contractors drop standards and ‘squeeze’ workers to boost profits
The Ministry of Defense is being urged to review its practice of outsourcing services after MPs complained that contractors are abandoning standards and 'squeezing' workers to boost profits.The Defense Committee said outsourcing appeared to…
Steelworkers Representatives Outline Details of Interim Agreement with Arconic | Business
MASSENA — Representatives of the United Steelworkers have shared with their members the details of the…
How to bet the Preakness Stakes in Ohio
XL media provides exclusive sports betting content to cleveland.com, including sports betting picks, analysis, tools and offers to help bettors get in on the action. Please bet responsibly.In our guide on how to bet the Preakness Stakes…
Wheels India Q4 net profit up 9% to Rs27.8 crore
Chennai-headquartered steel wheel maker Wheels India Ltd. reported a 9% increase in net profit for the fourth quarter ended March 31, 2022 to Rs. 27.8crores from Rs. 25, 5 crores recorded in the corresponding quarter of the previous…
Extrusion technology is likely to provide high profit margins
USA, Rockville MD, May 17, 2022 (GLOBE NEWSWIRE) -- According to a recently released Fact.MR report, the global molded plastics market is expected to grow at a compound annual rate (CAGR) of 4.7% between 2022 and 2032. The market is…
How to protect capital and profits with PrimeXBT?
The Nasdaq is down more than 25% from its highs, demonstrating the carnage across the board in tech stocks. The S&P 500 also began to reverse, falling nearly 20% from record highs. The Dow Jones Industrial Average held up better but…
The price of gasoline: profit is not a big part
HAMPTON ROADS, Va. (WAVY) — Despite what may seem like out-of-control gas prices lately, experts say the people retailing it aren't getting rich.
When you consider the pipeline needed to get that fuel from the well into your…
Business News | Stock and Equity Market News | Financial News
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Five Ways to Increase Your Business Profit Margin
Are you making enough money to cover your expenses and live the lifestyle you hoped entrepreneurship would support? Here are some ways to get more out of your business.Business picks up, you gain customers, your product or service…
P&G Health stock drops 4% despite growing standalone net income 224% YoY in March 2022 quarter
Procter & Gamble Health Limited has announced its financial results for the three months ended March 31, 2022.The company achieved total sales of Rs262 crore for the quarter ended March 31, 2022 from Rs214 crore, up 23% from a…
IDBI Bank’s fourth quarter profit rises 35% to Rs 691 cr
IDBI Bank on Monday posted a 35% rise in net profit to Rs 691 crore for the quarter ended March 2022 due to lower provisions for bad debts as NPAs declined.
The bank had posted a net profit of Rs 512 crore for the same quarter of…
Economic recovery improves Bamburi Cement’s profits
By ANTHONY KITIMO
Bamburi Cement recorded a net profit of $14 million in 2021, compared to $11 million the previous year. The increase was driven by higher sales volume in Kenya and Uganda thanks to a strong performance in the retail…
Shriram Transport End Q4 net profit jumps 44% to Rs 1,086 cr
Non-banking finance company Shriram Transport Finance on Thursday reported a 43.87% increase in its autonomous after-tax profit to Rs 1,086.13 crore in the quarter ended March 2022, driven by improved net margin interest rate and asset…
A Quick Look at World Affairs – Taipei Times
SRI LANKAVisa agreements announced
Colombo said yesterday it would sell long-term visas to attract desperately needed foreign currency after the…
Early fourth quarter results point to a slowdown for India Inc in the coming quarters
Early results for the January to March 2022 quarter (Q4FY22) point to slower business sector growth in the coming…
Nishat Power’s quarterly profit jumps 62%
KARACHI: Nishat Power Limited on Friday reported a 62% increase in net profit for the quarter ended March 31 on the back of an increase in net sales.
In a consolidated statement to the Pakistan Stock Exchange (PSX), the company…
Decisions adopted at the Annual General Meeting of Shareholders of AB Amber Grid
Amber GridThe following decisions were adopted at the Annual General Meeting of Shareholders of AB Amber Grid (legal entity code 303090867, office address Laisvės pr. 10, LT-04215 Vilnius, Republic of Lithuania) on April 20, 2022:1. AB…
7 Key Benefits of Roth IRAs You Don’t Want to Overlook
The Roth IRA (Individual Retirement Account) is packed with benefits that can make saving for retirement a little more exciting. If you don't want to leave any benefits on the table, take a moment to review these seven…
10 Best Crypto Trading Robots
Cryptocurrency trading bots are hands-free programs that perform specific tasks based on user setups to deliver the greatest profit to the user.An investor interested in using a trading bot would connect the chosen bot to their exchange…
What drove the growth in income tax collections during the pandemic year
NEW DELHI: India's total tax revenue in the fiscal year ending March 31 reached approximately ₹27.17 trillion, exceeding revised estimates for that year presented in the February 1 budget of ₹3.1 trillion. Overall…
Federal budget not doing enough to end housing crisis, Sask. experts say
Although the latest federal budget focused on housing issues, some Saskatchewan residents and housing advocates say it falls short of expectations for addressing these issues. The 2022 budget, unveiled on Thursday, has been dubbed the…
Leeds United made an operating profit of £5million in 2020/21
Leeds United made an operating profit of £5million in the 2020/21 season, with the club's accounts now revealed on House of Companies.Football finance expert Kieran Maguire relayed key information from Leeds' accounts, which were…
Pakistan to import 32.7 million barrels of oil under Saudi facility this year
Pakistan will import about 32.7 million barrels of crude oil this year under Saudi Arabia's $1.2 billion facility that allows Islamabad to defer payments for oil imports.
Pakistan is currently facing a wide range of economic challenges,…
FBR freezes Telenor bank accounts due to income tax default
The Federal Board of Revenue (FBR) freezes Telenor's bank accounts due to its failure to pay income tax amounting to around 3.5 billion rupees.
It has come to light from credible sources that FBR has taken major collection action against…
Government raises profit rates on savings plans
ISLAMABAD:
The federal government on Friday raised profit rates on national savings certificates and schemes between 48 and 100 basis points.
In accordance with the new plan, the profit on the special savings certificates was…
Individual taxpayers must answer question about crypto-assets, IRS notes
The IRS pointed out in A press release that all Forms 1040 filers, U.S. personal income tax filing1040-SR, U.S. tax return for seniorsand 1040-NR, Tax filing for non-resident aliens in the United Statesmust answer the question on the…
After a brief recovery of relief, profits are back in focus
Stock markets saw some respite last week, with the NSE India (VIX) and CBOE VIX volatility indices in the United States falling 11% and 22%, respectively. Indian markets were closed on Friday due to Holi. The…
Haier and DEL sanctioned for anti-competitive behavior
The Competition Commission of Pakistan (CCP) has fined Haier Rs 1 billion and DEL/Dawlance Rs 100 million for anti-competitive behavior in the form of Resale Price Maintenance (RPM) practices.
The CCP issued an order against Haier and…
SEC warns of AlgoSCALP’s ‘tempting’ investment plan
The Securities and Exchange Commission (SEC) has warned the public against AlgoSCALP, an automated trading system, which solicits investments without a license or regulatory approval.
"AlgoSCALP, AlgoSCALP Trading…
Bill seeks earnings transparency from California oil refiners – Daily News
Russia's invasion of Ukraine has pushed California's already high gas prices to record highs, but a local lawmaker wants to know why Golden State prices are routinely so much higher than the rest of the country.
Senate Bill 1322drafted by…
FHC Declares Unconstitutional the 0.005% NPTF Tax Imposed on Corporate Net Profit
Tuesday 08 March 2022 / 5:56 p.m. / by Banwo & Ighodalo / Header image credit: DNA India
context
The Nigerian Police Trust Fund (Establishment) Act 2018 (as amended) (the "Act") was signed into law by the President of the Federal…
Profit margins remain under pressure
"Rising input prices are a concern for seven sectors (Automotive, Consumer Staples, Discretionary, Industrials, Pharmaceuticals, Cement and Chemicals), which together account for 24% of Nifty's weight," Jefferies…
Paysafe Limited (NYSE:PSFE) is about to turn from loss to profit
With the company potentially at an important stage, we thought we'd take a closer look Paysafe Limited (NYSE:PSFE) future prospects. Paysafe Limited provides digital commerce solutions to online businesses, SME merchants and consumers…
The savings crunch – what can savers do?
As inflation hit a new 30-year high of 5.5% in January, spiraling price increases continue to strain our finances. Anyone who has recently refueled a car or a supermarket trolley is all too aware of daily price changes.…
Income tax exclusion bill to help New Jersey residents plan for retirement passes budget committee
Income tax exclusion bill to help New Jersey residents plan for retirement passes budget committee
TRENTON- In an effort to encourage and help more New Jersey workers retire safely, the Senate Budget and Appropriations Committee…
Saudi state miner makes profit, plans $3.3 billion capital raise
Shares of the Saudi state mining company rose 8.3% on Sunday after reporting a profit and planning to raise its capital by $3.3 billion amid soaring commodity prices.
Maaden, as the Saudi Arabian Mining Co. calls it, will offer…
BASF sees earnings fall on slower business cycle, supply chain worries
A cyclist rides his bike past the entrance to the BASF factory and former Ciba production site at Schweizerhalle near Basel, Switzerland July 7, 2009. REUTERS/Christian HartmannJoin now for FREE unlimited access to…
Overstock soars after profit gains report
E-commerce retailer and technology company Overstock.com Inc.The stock price jumped almost 25% in early trading on Wednesday (February 23rd) after the company reported the results of its fourth quarter and fiscal year 2021.
Overstock…
Subscribers see higher profit share with new COV token update available on PrimeXBT
This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investment advice.
February was filled with updates for the Covesting user community and COV token…
3 Strategies I Used to Buy My First Home and Start My Own Business
I was born and raised in Toronto, which is known for its breathtaking real estate prices.
I wanted my own accommodation, so I looked for much cheaper places and…
Is US GDP Data Missing a Capital Spending Boom?
The author is editor of The Overshoot research service and co-author of Trade Wars are Class WarsThere is a conundrum buried deep in US economic data that matters to investors. According to balance of payments figures, which cover…
CSR activities are down 64% in 2020-2021; private sector improves | Latest India News
New Delhi Statutory corporate social spending fell 64.24% in the 2020-21 pandemic year, official data shows, while contributions to corporate social responsibility fell to ₹8,828 crore compared to ₹24,689 crores spent in the previous…
ADNOC Distribution announces a net profit of 2.2 billion dirhams for 2021
Abu Dhabi: ADNOC Distribution, the largest fuel and commodity retailer in the United Arab Emirates, which is listed on the Abu Dhabi Stock Exchange (ADX), reported that its EBITDA amounts to 3.1 billion Dh, with a net profit of 2.2…
Bombardier targets increased business jet deliveries in 2022
A Bombardier BD-700 aircraft is pictured above the lights of the airport soccer stadium in Sion, Switzerland September 8, 2019. Picture taken September 8, 2019. REUTERS/Denis Balibouse/File PhotoJoin now for FREE unlimited access to…
Indian Bank net profit up 34% to Rs 690 crore
Chennai: Driven by rising other income, Indian Bank saw its net profit increase by 34% to Rs 690 crore in the quarter ended December 2021, compared to the corresponding period last year. This is despite a higher provisioning of 21%…
ETF seeks to leverage the influence of politicians
Interested in ETFs?Visit our ETF Center for investor news and education, market updates and analysis, and easy-to-use tools to help you select the right ETFs.Corporate lobbying is often criticized for allowing powerful corporations…
Bank of Baroda Q3: net profit doubles to Rs 2,197 cr, NII up 14%
Bank of Baroda (BoB) on Saturday announced a 107% year-on-year (YoY) increase in its net profit for the October-December quarter to Rs 2,197 crore. On a quarterly basis (QoQ), profit increased by 5.2% from Rs 2,088 crore in the previous…
Pakistan’s efforts to build economic resilience hailed by IMF
The International Monetary Fund (IMF) has welcomed Pakistan's recent policy measures aimed at boosting economic resilience.
The IMF, in a statement, said its executive board had concluded the 2021 Article IV consultation and the sixth…
PayPal (PYPL) Q4 2021 Results
Shares of PayPal fell more than 17% after hours on Tuesday after reporting mixed results and first-quarter guidance below analysts' estimates.Here are the key numbers:Earnings per share: $1.11 per share, excluding items vs. $1.12 per share…
Samsung Elec targets smartphone growth in 2022, sees strong demand for chips
Samsung to expand low-cost 5G smartphone dealsDRAM Chip Price Rebound Could Happen As Soon As H1-execSpend 90% of 2021 CAPEX on chips, no 2022 guidanceSEOUL, Jan 27 (Reuters) - Samsung Electronics Co Ltd (005930.KS) said it aimed to capture…
Emirates NBD profit jumps, says ready for higher rates
The Emirates NBD bank logo is seen on a deflated hot air balloon over the Emirates golf course in Dubai December 11, 2009 REUTERS/Steve Crisp Join now for FREE unlimited access to Reuters.comRegisterDUBAI, Jan 26 (Reuters) - Emirates…
Perrysburg sees an increase in income tax collection | News
PERRYSBURG – Taxes collected have increased by 9.4% for 2021, but at Tuesday's regular city council meeting,…
IDBI Bank Announces 53% Jump in Net Profit in Q3FY22
IDBI Bank reported a 53% year-on-year (year-on-year) increase in third-quarter net profit to ₹578 crore from ₹378 crore a year ago on the back of robust growth in net income from interest (NII) and lower tax expenses.
Net interest margin…
HFCL Q3 profit down 5pc to Rs 81 crore
Domestic telecom equipment maker HFCL on Monday posted a 4.7% drop in its consolidated profit to Rs 81.1 crore for the third quarter ended December 31, 2021, mainly due to higher component prices , especially semiconductors. The…
NU’s FY2021 Financial Report Shows $41.5M Revenue Drop, Driven by Empty Stadium in 2020 |…
The 12-month period ending June 30 means the 2021 financial year was under former sporting director Bill Moos. His successor, Trev Alberts, praised the work of Moos and his company in leading NU through the most disruptive part of the…
Marjorie Taylor Greene finds a way to cash in on public debt
Last September, Rep. Marjorie Taylor Greene (R-GA) called to a halt stop government spending. Four days later, she lent money to the government.Financial disclosures show that on September 21, the anti-government conspiracy theorist bought…
Income vs. profit: the difference and why it matters
Revenue and profit are two of the most important and crucial metrics every business must track if it is to understand performance, plan effectively, and spend wisely, among a host of other key functions and…
Google accused Apple of exploiting “peer pressure and bullying” for profit with its blue…
Google said Apple was taking advantage of peer pressure to use iMessage.skynesher / Getty ImagesSome young people are feeling social pressure to own iPhones because of the way the messages appear, reports the WSJ.
Messages between!-->…
Seizure by NCB of illegal bank accounts in Sushant drug case: court
A SPECIAL court this week ordered the unfreezing of the accounts of two defendants in the drug case filed following the death of actor Sushant Singh Rajput, finding that they had been illegally seized by the Narcotics Control Bureau (NCB).…
Pakistani Stock Exchange Announces Highest Profits in 10 Years
ISLAMABAD: The Pakistani stock market is doing very well as aggregate after-tax corporate profits falling in the KSE 100 index for the current third quarter of 2021 stand at Rs 258 billion, the highest of Last 10 years.
According to…
Contracts for Difference (CFDs): The Ultimate User Guide for the Modern Trader
This explanation is brought to you by Capital.com Australia (AFSL 513393), a multi-award winning global investment trading platform.
Along with buying and selling stocks, there are other…
Twitter bans Representative Greene’s personal account for COVID claims – Redlands Daily…
SAN FRANCISCO (AP) - Twitter said on Sunday it had banned the personal account of far-right representative Marjorie Taylor Greene over multiple violations of the platform's COVID-19 disinformation policy, the latest strike against the…
ncw: Almost 31,000 complaints of crimes against women received in 2021, more than half of UP: NCW
Almost 31,000 complaints of crimes against women were received by the National Commission for Women (NCW) last year, the highest since 2014, more than half of them from Uttar Pradesh.
There was a 30% increase in complaints for crimes…
Thornburg Income Builder Opportunities Trust Announces Distribution |
SANTA FE, New Mexico, December 28, 2021 / PRNewswire / - Thornburg Income Builder Opportunities Trust (the…
Filing of the RTI, addition of an EPF candidate, other tasks to be accomplished before December 31
The New Year 2022 is just a few days away. In order to usher in a hassle-free New Year, you need to complete a few money-related tasks by December 31st. From filing income tax returns for AY2021-22 to binding your Aadhaar and UAN, here's…
Tech Industry Boom Could Overcome CAD, Unemployment, PM Claims
LAHOR: Prime Minister Imran Khan said on Thursday that if encouraged and facilitated, the tech industry could help overcome the country's current account deficit by boosting exports and tackling the unemployment problem.
The prime…
Americans want stocks and bitcoin as freebies this year. What there is to know
Westend61 | Westend61 | Getty ImagesOne of the most coveted holiday gifts of the year might be unexpected.Some 65% of Americans want financial investments like stocks and cryptocurrencies as giveaways this year, according to one recent…
Showing inflated earnings could worsen cash flow crisis
Including unrealized income in the balance sheet, as proposed by the Bangladesh Bank, will allow banks to post inflated profits, which could exacerbate the current cash flow crisis, bankers say.
With such a large supply, banks will be…
MIT Press plans to publish much of the Open Access to Spring Slate
MIT press, one of the largest university presses in the world, plans to publish its entire list of monographs and edited collections for spring 2022 in open access. The move is a major development for the wider open access movement and a…
SBP will launch the Asaan mobile account program tomorrow
LAHOR: The State Bank of Pakistan (SBP) today announced that it will launch the Asaan mobile account (AMA) Monday as part of its national financial inclusion strategy (NFIS) to bank the largely unbanked population of the country.
In a…
Nicklaus: New minimum tax could politicize business accounting | David nicklaus
"What this minimum tax on the books really addresses is the political awkwardness of very large corporations paying a minimum amount of tax," Matheson said. âIt would be better, and less complicated, to reform the…
PFS advances on recovery of Rs 125 cr from ITPCL’s stressed loan account
PTC India Financial Services (PFS) rose 3.28% to Rs 18.90 after the company said it would receive around Rs 125 crore as part of the resolution amount of its stressed IL&FS Tamil Nadu loan account Power Company.
PTC India…
403 (b) Plan Compliance with Annual Additions Limit: IRS Expects 403 (b) Plan Sponsors to Collect…
In a recent Snapshot of the problem On how the annual limit on pension plan contributions under Section 415 (c) of the Internal Revenue Code ("Code") applies to 403 (b) plans, the IRS has revealed that it expects 403 (b) plan sponsors to…