Monthly Archives: September 2022

What saved the budget? – Macro Business

Westpac with the note. In a nutshell: commodity prices and the reopening boom. The federal budget position has improved significantly in fiscal year 2021/22, exceeding all expectations. The underlying cash deficit stood at -$32.0 billion, or -1.4% of GDP. This was $47.9 billion less than projected in the March 2022/23 …

Read More »

Altus Power ($AMPS) to Acquire About 97 Megawatts of Solar Assets for $220 Million

September 27, 2022 – TheNewswire – Altus Power (AMPS) has signed definitive agreements to acquire a portfolio containing 97 megawatts of operating solar assets for approximately $220 million. The company says it will fund the acquisition through a combination of cash and assumed liabilities. The newly acquired portfolio spans nine …

Read More »

Markets crash as monetary laughing gas fades

Comment The main problem with economics is that there are two generations of market players who have only known expansionary policies. That’s why the most pressing question for investors is not where profits are going or what is the rate of change in economic growth, but when will central banks …

Read More »

U.S. Farm Profits Set to Reach Near Record Highs in 2022 | Agricultural News

The USDA’s Economic Research Service projects that inflation-adjusted cash net farm income in the United States – gross income less cash outlays – will increase by $13.5 billion (8.7% ) from 2021 to $168.5 billion in 2022. This is the highest level since 2012. In comparison, U.S. net farm income …

Read More »

Bill to ban members of Congress and SCOTUS from trading in stocks takes shape

Long-awaited legislation that would bar lawmakers and other senior government officials from trading stocks was strengthened Thursday, as House Democrats released a legislative framework that aims to close loopholes, reduce conflicts of interest and making penalties for non-compliance more painful. Rep. Zoe Lofgren (D-California), chair of the House Administration Committee …

Read More »

What Erdogan’s unusual economic ideas mean for Turkey

Sign up for our Middle East newsletter and follow us @middleeast for news from the region. Turkish President Recep Tayyip Erdogan isn’t the only politician who doesn’t like the country’s banks charging people relatively heavily to borrow money. What sets him apart is his unorthodox belief in low interest rates …

Read More »

Governor Hochul Announces Installation of Over 100 Evolve NY Electric Vehicle Fast Chargers

To close out Climate Week, Governor Kathy Hochul today announced that more than 100 high-speed chargers have been installed statewide as part of the New York Power Authority’s EVolve NY fast-charging network for electric vehicles. The latest DC fast chargers installed in downtown Riverhead and Commack in Suffolk County mark …

Read More »

Austrade helps US export platform, Zonos set up stepping stone to Asia

In 2021, Austrade’s US advisors guided Utah-based company Zonos through its first overseas expansion – to Queensland’s Gold Coast. This support included working with all levels of government, including Trade and Investment Queensland (TIQ). It also included assistance with visa applications, through the new Global Talent Visa program. “Austrade has …

Read More »

OJK: Financial inclusion and literacy must go hand in hand

TEMPO.CO, Jakarta – The Indonesian Financial Services Authority (OJK) Commissioner Friderica Widyasari Dewi said achieving financial inclusion and literacy is fundamental and the two must go hand in hand. “Having financial inclusion without understanding the product will lead to many misunderstandings which can lead to problems in the future,” Friderica …

Read More »

UK employers urged to give workers early pay rise

UK employers who pay the voluntary ‘living wage’ have been asked to give an early rise of more than 10% so their lowest-paid workers can keep pace with soaring prices. The Living Wage Foundation, a charity that campaigns for fair pay, said on Thursday it was raising its national living …

Read More »

UN chief, addressing UN General Assembly, calls for additional tax on fossil fuel profitsNews

Russia’s war in Ukraine and a number of other global issues top the agenda of the 150 heads of state and government attending the UN General Assembly. Our Kim Hyo-sun gives us a summary of the first day of the assembly. In a broad speech before the United Nations General …

Read More »

Friday, 2 high yield ASX All Ords shares trade ex-dividend

It’s a big week for ASX dividend investors because BHP Group Ltd. (ASX:BHP) is preparing to pay a colossal US$8.9 billion in fully franked dividends tomorrow to eligible shareholders. BHP shares have already passed their ex-dividend date, so those dividends are no longer on the table. But there are other …

Read More »

DPR to Pass Personal Data Protection Bill Today

TEMPO.CO, Jakarta – The House of Representatives (DPR) is expected to pass the Personal Data Protection Bill today, September 20, 2022. “The Chamber (Bamus) steering committee meetings and the leaders have decided to present the bill to the plenary assembly tomorrow for ratification as law,” House Speaker Puan Maharani said. …

Read More »

Wafra Real Estate to invest in the development of Failaka Island – ARAB TIMES

WhatsApp Facebook Twitter E-mail Messenger This post has been read 1504 times! KUWAIT CITY, September 19: The Public Institute of Social Security, represented by its real estate branch, Wafra Real Estate Company, is studying investment in Failaka Island through the development of a marine tourist park with all its facilities, …

Read More »

3 Solar Stocks to Buy as Cut Inflation Act Boosts Outlook

Rising projections for near-term solar deployments paved the way for growth in US solar stocks. In addition, the recently passed Inflation Reduction Act has bolstered the outlook for US solar stocks. However, the UFLPA and ongoing supply chain challenges are hurting the short-term outlook for solar stocks to some degree. …

Read More »

Ratings remain stable | The star

PETALING JAYA: While government debt levels are expected to rise in the near term, this will not justify a downgrade of the country by global rating agencies, economists say. Sunway University economics professor Yeah Kim Leng told StarBiz that government debt is currently rated one level above BBB investment grade, …

Read More »

Banks rush to implement digital transformation ecosystem

VIETNAM, September 18 – HÀ NỘI – The local banking sector, currently undergoing drastic restructuring, will have more opportunities to improve its financial capacity as well as learn modern business and management models from British partners after the UK-Vietnam Free Trade Agreement (UKEVFTA) is taking effect, according to banking insiders. …

Read More »

The Eurozone experiences a 4% annual increase in labor costs in the second quarter of 2022; 4.4% jump in the EU

In the second quarter of 2022, hourly labor costs increased by 4.0% in the euro area and by 4.4% in the European Union (EU), compared to the same quarter of the previous year . These figures are published by Eurostat, the statistical office of the European Union. The labor cost …

Read More »

Situationer: Climate change ‘Catch-22’ backs the dollar – Newspaper

The catastrophic floods that have affected more than a third of the country have only exacerbated Pakistan’s economic difficulties. Inflation breaks all records and sets new ones, raising the cost of construction and slowing growth; the projected rate is expected to decline from 6% in FY22 to 2.3% in FY23. …

Read More »

A divided government means a return to normal

Regardless of the final tables in the House and Senate races in November, President Joe Biden will enjoy an almost certain midterm election outcome. If, as widely anticipated, Republicans win at least a slim majority in the House, the president can finally deliver on the most important promise of his …

Read More »

Viet Nam experiences strong rebound, momentum remains strong

Andrea Coppola, World Bank (WB) Principal Country Economist and Program Manager for Equitable Growth, Finance and Institutions in Viet Nam – Photo: VGP In a recent meeting held this week, Andrea Coppola said the second quarter surprised on the upside and momentum remained strong. Industrial production grew 2.9% in August, …

Read More »

Forest Department cracks down on ’employees’ turning hostile in Madhu case, 4 sacked

Palakkad: The Kerala Forest Department is taking a tough stance against its employees who are making it difficult to get justice for Madhu, the tribal boy who was lynched at Attappadi in Palakkad district four years ago. The department has so far removed four of its employees from the roll-call …

Read More »

‘Tax grab’ could see investors exit Queensland market

The Queensland government’s ‘tax grab’ could see residential property investors exit the market and put pressure on small businesses, an expert says. Ray White Commercial Head of Research, Vanessa Rader, said the Income Tax Amendment Act 2022, which will increase the property tax burden for investors, could cause many people …

Read More »

Record rise in long-term health conditions fuels tightest labor market in at least 50 years – FE News

The UK employment rate from May to July 2022 for people aged 16-64 fell by 0.2 percentage points in the quarter to 75.4% and is still below pandemic levels pre-coronavirus (COVID-19). The number of full-time employees and self-employed workers has increased over the past three months, while the number of …

Read More »

Mortgage rates rise to their highest level since 2008 | Mortgages and advice

Mortgage rates rose this week, according to Freddie Mac, continuing a month-long trend of rising rates. The average interest rate on a 30-year fixed mortgage is the highest since 2008, at 5.89%. For the 15-year fixed mortgage term, rates topped 5% for the first time in 13 years. Borrowing costs …

Read More »

Struggling property sector weighs on China’s property-driven growth model

China’s real estate market is undergoing a severe and drastic reshuffling process, with the deflated real estate bubble spilling over into other sectors. Home sales are expected to fall 24.5% in 2022, according to a Reuters survey of analysts and economists in late August, a far bigger drop than the …

Read More »

7 Reliable Mobile Loan Apps for Online Loans in Nigeria

In the In the era of sophisticated technology as it is today, people are starting to encounter various platforms that provide online loan services. Here is a list and link of the best mobile apps for online business and personal loans in Nigeria. This service is very useful for many …

Read More »

Very uncertain job prospects following Russia’s war of aggression against Ukraine

OECD labor markets have rebounded strongly from the COVID-19 pandemic, but the global job outlook is now highly uncertain according to a new OECD report. Russia’s war of aggression against Ukraine has led to lower global growth and higher inflation, with negative effects on business investment and private consumption. The …

Read More »

Monetary policy alone is insufficient to control inflation

At a time when consumer price index (CPI) inflation has remained above RBI’s upper tolerance level of 6% for seven consecutive months and WPI inflation rates are at higher since January 2007, it is good that the issue has finally been debated in parliament. and the recent RBI rate hike …

Read More »

Six Flags: potential return of 50% over the next 3 years (NYSE: SIX)

Rich Fury The Six Flags inventory (NYSE: SIX) has plunged 48% this year on some headwinds, inflation surging to a 40-year high and fears that the Fed’s aggressive interest rate hikes could trigger a recession. As Six Flags is particularly vulnerable to recessions, it will come under pressure in the …

Read More »

MicroStrategy plans to buy even more Bitcoin

Publicly listed software company MicroStategy (MSTR) is already the largest Bitcoin holding company, with over 129,000 BTC in its vaults. Now, just a month after its pompous CEO Michael Saylor resigned and a week after the Attorney General of Washington DC sued the company and Saylor for alleged tax evasion, …

Read More »

bne IntelliNews – Putin gives very optimistic forecast for this year’s results: no deficit and contraction of GDP by 2 to 2.5%

Russian President Vladimir Putin has made the most optimistic forecast for this year’s economic performance of any government to date, saying there will be no budget deficit and economic contraction will not exceed 2.5 % on September 7. “State finances have stabilized, and I would like to note that this …

Read More »

More efficient home heating in Kazakhstan can help clean the air and improve health

Thousands of Senegalese have been forced to flee their homes and seek refuge in The Gambia after clashes erupted earlier this year in separatist-occupied areas of Senegal. The UN provides psychological support to many displaced people, who face the fact that returning home is an uncertain prospect. When conflict erupted …

Read More »

The return on equity approach

We are This week we cover a strategy that identifies stocks with a strong return on equity and give you a list of stocks that are currently passing the AAII Return on Equity screen. Return on equity (ROE) can help reveal profitable businesses, but not Wall Street rewards the stock …

Read More »

20 financing options for small businesses

If you’re like most small business owners, you’re always on the lookout for new small business financing options. In this article, we’ll explore 20 different financing options for small businesses, such as traditional bank loans. Whether you’re just starting out or looking for something new, read on to find the …

Read More »

Australian Economic Update: Q2 2022 GDP

Insight GDP rose by 0.9% q/q (3.6% y/y), driven by a good result from household consumption and an impetus from trade. This data largely predates the rapid series of rate hikes in recent months, but showed an ongoing normalization in the household savings rate – which will likely decline further …

Read More »

Uncertainty can be worse than the slowdown

sankai By Joseph V. Amato We believe the onset of a recession is a time to be cautious, but it could also be a time of opportunity for equity investors. Friday gave us a mixed report on US nonfarm payrolls. The title The number of 315,000 new jobs masked the …

Read More »

Sue non-tax-compliant lenders, GDT asks NBC

The General Department of Taxation (GDT) has asked the central bank to take action against two lenders who were seen promoting their services on social media despite failing to comply with tax regulations. The request concerns Happy Loan Cambodia Co Ltd and Tiger Loan, and comes days after the National …

Read More »

Southeast Asia hopes to become the next global hub for electric vehicles – The Diplomat

Advertising As countries around the world strive to meet their climate goals, many are turning to electric vehicles (EVs) as a way to reduce carbon emissions. Global efforts to diversify supply chains, combined with the drive to embrace green technologies, have created an opportunity for electric vehicle production that is …

Read More »

End of the tea workers’ strike. And after?

During an unprecedented strike between August 9 and 27, tea workers in northeast Bangladesh demanded a cash wage of Tk 300 per day. The tea garden owners agreed to raise the wage to Tk 145 per day which angered the workers. In defiance of the decision of the owners, government …

Read More »

California bans gas-powered cars. Here’s what you need to know

This article originally appeared on Inside Climate News. It is republished with permission. Sign up for their newsletter here. On August 25, California regulators passed rules banning the sale of new gas-powered cars and light trucks by 2035. Responding to reports on the California action, Washington Governor Jay Inslee said …

Read More »

USDA predicts farm income will increase about 5% in 2022

The USDA said Thursday it expects farm income for 2022 to rise 5.2% to $147.7 billion from a year earlier, with cash receipts for agricultural products at a record level. But higher production spending and lower Covid-19 government payments present headwinds. The slight rebound in income comes after 2021, when …

Read More »

Cambodian Microfinance Association: Avoid Dangerous Illegal Loans

The Cambodian Microfinance Association has urged people in need of loans to use the services of legitimate financial institutions and avoid unofficial mortgages or online loans, which can have serious consequences. Kaing Tong Ngy, spokesperson for the Cambodian Microfinance Association, expressed support for NBC’s announcement that people should avoid unofficial …

Read More »

Governor Mills’ pursuit of California-style EV mandates will hurt Mainers, won’t do much to fight climate change

High energy costs are making Maine increasingly unaffordable for people of average means. Misguided state energy policies contribute to the problem of high energy costs and make a bad situation even worse. Governor Mills has pledged to meet California-style electric vehicle mandates. Despite the Governor’s recent assertion that she does …

Read More »