Minister Amin Salam addresses Lebanon’s economic crises | Economy and Business News
Lebanon is struggling with a deep financial crisis. The United Nations estimates that almost 80 percent of its population lives below the poverty line, while the World Bank has warned that the economic calamity is one of the three worst the world has seen since the middle of the century XIX On Thursday, a gunman took hostages in a Beirut bank to demand access to his savings, threatening to set himself on fire if the bank did not give him his money. The country has imposed restrictions on how much cash people can take out as the economy worsens. Al…
Read More »Vontier appoints Anshooman Aga as CFO
RALEIGH, NC–(BUSINESS THREAD)–Vontier Corporation (“Vontier”) (NYSE: VNT) today announced the appointment of Anshooman Aga as Chief Financial Officer, effective August 29, 2022. Mr. Aga succeeds David Naemura, who will remain with the company until the end of the year and work closely with Aga and other members of the executive team to facilitate a seamless transition. “Anshooman is a seasoned CFO with special expertise driving growth and transformation in industrial and technology-oriented companies,” said Mark D. Morelli, Vontier’s president and CEO. “His deep financial acumen, history of strategic capital allocation and extensive experience in the mobility technology markets will help…
Read More »Investors are running away from these bonds that used to protect you from inflation
Investors who flocked to bonds that offered protection against inflation are now pouring into them in a bet that the Federal Reserve will successfully crush rising prices. Treasury inflation-protected securities (TIPS) have seen five straight weeks of outflows, the longest stretch since April 2020, according to Michael Hartnett, chief investment strategist at Bank of America, writing in a note that investors are “fading inflation.” TIPS are government bonds indexed to inflation to protect investors from declining purchasing power. The principal value of TIPS increases as inflation increases. Stocks saw strong demand as investors hedged against inflation, which by mid-2022 had…
Read More »Jason Cooke of Clayton, Delaware is provisionally suspended by the CFP Board
WASHINGTON, August 12, 2022 /PRNewswire/ — Certified Financial Planner Board of Standards, Inc. (CFP Board) announced that it has imposed a temporary suspension of CFP® certification against Jason Cookewhich is effective from August 5, 2022. Turned on July 11, 2022, the CFP Board filed a Motion for Provisional Suspension Order pursuant to Article 2.1.a.1 of the CFP Board Rules of Procedure requesting that the Disciplinary and Ethics Commission (DEC) issue A provisional suspension order against Mr. Cooke. Turned on April 28, 2022Mr. Cooke was arrested and charged with five counts of trafficking in child pornography in the County of Kent…
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Derivatives suggest a ‘sell-the-news’ end to Ethereum rally
Route route links PMN Business Ether is surging in anticipation of a groundbreaking software update to its blockchain. Sophisticated traders are positioning themselves for the rally to continue until that happens, and after the cryptocurrency plummets. Author of the article: Bloomberg news Vildana Hajric and Olga Kharif c8]h4si(919uvdlr7]qrm[tr_media_dl_1png[tr_media_dl_1png[tr_media_dl_1png[tr_media_dl_1png via Bloomberg Content of the article (Bloomberg) — Ether is surging in anticipation of a groundbreaking software update to its blockchain. Sophisticated traders are positioning themselves for the rally to continue until that happens, and after the cryptocurrency plummets. Advertisement 2 This ad has not yet loaded, but your article continues below….
Read More »Private equity firms brace for slower fundraising
Private equity firms are anticipating a tougher fundraising effort as market volatility hits both their own balance sheets and those of their institutional investors. In recent earnings calls, some of the largest private equity firms remained bullish on deal-making opportunities in the current environment, even as market turmoil and rising rates lowered value of your holdings. Exchange-traded fund managers posted significant earnings hits in the most recent three-month period, with at least four of the biggest firms (Apollo, Blackstone, KKR and TPG) posting losses for the June quarter . For Apollo, it was the second straight quarterly loss. However, the…
Read More »The Beirut banking showdown exposes the desperation of the economic crisis
BEIRUT (AP) — A judge on Friday ordered a gunman who held up to 10 hostages at a Beirut bank to force the release of their trapped savings to stay behind bars, apparently to ward off copycats as he ‘exacerbates despair over Lebanon’s economic crisis. Several dozen relatives of Bassam al-Sheikh Hussein briefly blocked a major road in Beirut, saying keeping him in prison violates an agreement reached on Thursday. The 42-year-old food delivery driver surrendered after a seven-hour standoff in exchange for $35,000 of his money and promised he would only be questioned and then released. No one was…
Read More »FinTech Blockchain Global Market Trajectory & Analytics 2022: Blockchain Will Play Vital Role in Facilitating Financial Inclusion of the Unbanked – ResearchAndMarkets.com
DUBLIN–(BUSINESS THREAD)–The “FinTech Blockchain – Global Market Trajectory and Analysis” the report has been added ResearchAndMarkets.com’s offers Global FinTech Blockchain Market to Reach $8.7 Billion by 2026 Blockchain technology is transforming the operations of various industries, including the financial services sector. The combination of blockchain and fintech is emerging as the most promising technology combination, which has the potential to transform the fintech industry. Fintech blockchain, the financial technology application of blockchain technology, offers solutions, software, among various blockchain fintech services leveraged by businesses that provide enhanced and automated financial services. The growth of the global blockchain fintech market can…
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