The City Council approves economic development agreements for TIF districts | news
ENID, Okla. — An economic development agreement is now in place between the city of Enid and a renewable energy service provider, along with an amended economic development agreement with Transportation Partners and Logistics. Enid city commissioners on Tuesday evening approved an economic development agreement with Takkion and an amendment to an existing economic development agreement with TP&L on 66th. The 7-0 vote, Commissioner Jerry Allen said Tuesday, “ends a big problem” for the Enid community. “New jobs, new investment and new things happening with old things we already have — it’s a great day,” he said during the meeting….
Read More »The audit regulator strengthens the rules with a new register
The Financial Reporting Council plans to gain greater control over auditors with a register that will determine who can audit the financial statements of large listed companies or financial institutions — so-called public interest entities — and who cannot. The country’s audit and accounting regulator requires audit firms and certain key individuals who currently audit these entities to apply for inclusion in a newly created index. If a company or person is deemed not to be “fit and proper”, they will not be admitted to the PIE register or will be removed from it, according to the regulator. All audit…
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Crypto firms that ‘eliminate risk’ may create ‘opacity in financial conduct’: Regulation Bitcoin News
According to the latest guidance note issued by the South African banking sector regulator, Prudential Authority, risk assessment does not mean that financial institutions should avoid or eliminate risks by wholesale termination of customer relationships with entities such as crypto-asset service providers. Instead, the regulator wants financial institutions to only consider “de-risking” when the “risk posed is too great to be successfully managed”. A threat to financial integrity South Africa’s main banking industry regulator, the Prudential Authority, has said that decisions by some banks to end relationships with crypto entities “may pose a threat to financial integrity in general”. In…
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S&P 500, Dow close higher to recover some of Tuesday’s losses; The Nasdaq was little changed
U.S. stocks rose late on Wednesday to recoup some losses after major equity indexes fell a day earlier as worries about inflation and global economic growth fueled higher volatility among risk assets . [Click here to read what’s moving markets on Thursday, April 28] The S&P 500, Dow and Nasdaq rose about 1% intraday. A day earlier, the S&P 500 fell 2.8% on Tuesday for its biggest drop in seven weeks, with technology stocks particularly subdued. The Nasdaq Composite sank 4% to 12,490.74, its lowest level since December 2020. With just three trading days in April, the S&P 500 is…
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Sensex Today: Stock Exchange LIVE Updates: Sensex, Nifty rangebound; broader markets outperform; IT shares in demand
Stock Market Live Updates: Equity benchmarks started the trade on a positive note on Friday, but both indices turned volatile soon after, with the Sensex and Nifty oscillating between gains and losses. In Asia, markets in Seoul and Shanghai were trading lower, while Tokyo and Hong Kong were trading in the green in mid-session deals. Wall Street markets had ended higher on Thursday. Meanwhile, international benchmark Brent crude was trading down 0.38% at $96.21 a barrel. Foreign institutional investors (FIIs) unloaded stocks after many days as they sold stocks worth Rs 1,706 crore on Thursday, according to exchange data. “The…
Read More »Sensex and Nifty50 Edge Higher led by Infosys, Kotak Bank and Tcs
LIVE stock market updates : Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to start flat to negative in the last session of the holiday-truncated trading week. Singapore Stock Exchange (SGX) Nifty futures, an early gauge of the Nifty index, were last seen trading down 36 points or 0.2 percent at 17,968 before the opening bell on Dalal Street, in some recovery after falling as much as 52.5 points earlier. the day. Stocks elsewhere in the world saw mixed moves as optimism about the resilience of the global economy was offset by pessimism about high inflation and aggressive…
Read More »Michael Lewis: Banking has become a world of ‘meaningless respectability’
Michael Lewis bursts onto the screen with smiles and greetings: bubbly, friendly, with a passionate, infectious enthusiasm that seeps onto the page but is even more palpable in person (well, over video call). He talks about London, how much it has changed since the seven-year-old in the 1980s when he studied at the London School of Economics and then sold bonds at the UK headquarters of Salomon Brothers. “I got to a point where I had to make a conscious decision to come back,” he says from his home in Berkeley, California. “I sensed, ‘I’m just going to stay here,’…
Read More »Stock futures flat as S&P 500 aims for fifth winning week
Stock futures were little changed Friday morning as the S&P 500 looked set for another positive week. S&P 500 futures were flat. Futures linked to the Nasdaq 100 and the Dow Jones Industrial Average were also little changed. All three major averages closed slightly higher on Thursday, putting the Dow and S&P 500 on track for a possible winning week. The S&P 500 is only up 0.08%, but it would still be its fifth consecutive positive week. The Dow is up 0.71% for the week, on track for its fourth positive week in five. The Nasdaq Composite is down 0.63%…
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