Finance

Indian Rupee strengthens as JPMorgan includes India's government bonds in emerging market index

In a week marked by financial developments, the Indian rupee closed higher on Friday, settling at 82.93 against the U.S. dollar, a weekly gain of 0.3%. This performance comes on the heels of an announcement by multinational investment bank JPMorgan...

Gold, watches and other luxury items totaling $1.75B seized in Singapore money laundering scheme

KUALA LUMPUR, Malaysia (AP) — Singapore police say they have uncovered more luxury watches, gold bars and other assets from a massive money laundering scheme that was busted last month, bringing the total amount of assets seized or frozen to 2.4 billion Singapore dollars ($1.75 billion). The police had launched further operations related to a group...

Commerzbank plans €900m payout, driven by higher interest rates

Commerzbank AG (OTC:CRZBY), the prominent German banking institution, is set to distribute an estimated €900 million ($962 million) in dividends and share buybacks for this year, according to CFO Bettina Orlopp on Wednesday. This payout is...

Maryland apologizes to man wrongly convicted of murder, agrees to $340K payment for years in prison

ANNAPOLIS, Md. (AP) — A man wrongly convicted of two separate violent crimes will be compensated by the state of Maryland after spending years behind bars, including over a year after he had been proven innocent. A Maryland board approved more than $340,000 for a settlement on Wednesday in compensation for Demetrius Smith who was wrongly convicted ...

23-year-old buys house without the bank of mum and dad - here's how

'I have to remind myself that it’s an investment rather than a money pot sucking up my wages.'

Meta Platforms Expands Payment Options on Whatsapp in India

Meta Platforms (NASDAQ:META) has announced the expansion of payment options on its messaging application, WhatsApp, in India. The announcement made on Wednesday, September 20, 2023, includes the introduction of credit card payments and services from...

Side hustles take center stage in paying bills for Hollywood workers on strike

NEW YORK (AP) — Lighting for the entertainment industry is Ryan Meyer's lifeblood. Before the Hollywood strikes, he worked 40 hours a week or more as a gaffer or director of photography. He also has a company that usually earns more than a million dollars a year in production support. Most of that is gone, for now, dried up in the contract disputes...

Sun Life Financial: A Good Stock for Most Investors

Sun Life Financial is a quality business that can deliver resilient results. It could be a good long-term investment. The post Sun Life Financial: A Good Stock for Most Investors appeared first on The Motley Fool Canada.

Nationwide Building Society introduces £200 switch offer and 8% savings rate

The competition for current account holders among UK banks and building societies has intensified this week, with Nationwide Building Society launching a £200 (£1 = $1.23) switching offer and a linked savings account paying an annual equivalent rate...

Goldman Sachs raises over $15 billion for secondary private equity deals

By Saeed Azhar NEW YORK (Reuters) - Goldman Sachs' asset management arm said two funds have closed, raising more than $15 billion for funds that enable investors to make secondary investments in existing private equity (PE) deals. Goldman Sachs Asset Management's "Vintage IX" fund raised $14.2 billion, exceeding its target of $12 billion, from institutional investors, wealthy clients and bank

Gold bars, cash-stuffed envelopes: New indictment of Sen. Menendez alleges vast corruption

NEW YORK (AP) — Powerful Sen. Bob Menendez of New Jersey was charged Friday with secretly aiding the authoritarian government of Egypt and trying to thwart the criminal prosecution of a friend in exchange for gold bars and cash under a corruption indictment that accuses him of using his foreign affairs influence for personal gain. Menendez was forc...

The $6b. paid to Iran for hostage release was blood money - opinion

While the desire to bring American prisoners home is a noble one, the means by which the Biden administration has pursued this goal are deeply flawed.

Goldman to pay $6 million to settle SEC charges over deficient trading data

(Reuters) - Goldman Sachs Group agreed to pay $6 million to settle U.S. Securities and Exchange Commission charges over providing deficient trading data, the regulator said in a statement on Friday. THE TAKE The settled charges over Goldman's failure to provide complete and accurate trading data information known as "blue sheet data" mark the latest effort by the SEC to penalize Wall Street

How a £3,000 deposit can get you on the property ladder

Here’s a selection of some of the best homes up for grabs for just a four-figure deposit.

The big winners of the transfer window? Football agents rake in $1bn this season

Ideal salary for true happiness in cities across the UK revealed

It's a lot more than the average salary.

How the Bank of Canada could cure inflation — and four other market thoughts

It’s the last week of September and my brain is still in a bit of a summer fog, so I can’t quite connect five points on a single theme this week. Instead, here are five random market musings. Greed might be back Despite an overwhelming sense of dread overcoming most investors, with continued worry about a recession, inflation and interest rates, we are starting to see some signs that greed might be returning. Now, greed and worry don’t...

Martin Lewis issues urgent warning for savers after interest rates stay the same

The money saving expert has urged savers to open a top fixed rate account today.

Karnataka Bank plans to raise Rs 1,500 crore for business expansion

In a move to fund its business growth, Karnataka Bank's board approved a plan to raise Rs 1,500 crore on Friday. The capital will be raised in one or more tranches through share sales, including preferential issues, rights issues, Qualified...

This is how the US exchanged billions in oil money for five prisoners

Italy, KKR want more time to bid for Telecom Italia's grid, sources say

MILAN (Reuters) - U.S. fund KKR and Italy's Treasury are set to ask Telecom Italia (TIM) for extra time to arrange a joint multi-billion-euro offer for the telecoms group's landline grid, three sources close to the matter said on Wednesday. In June, Telecom Italia granted KKR a period of exclusive talks until Sept. 30 to submit a binding bid for NetCo, a venture comprising TIM's fixed access

GOP lawmaker breaks financial law after ripping opponent for breaking financial law

A New Jersey freshman congressman has violated a decade-old financial disclosure and conflicts-of-interest law — the same one he slammed his opponent for breaking. Rep. Tom Kean Jr. (R-NJ) violated the Stop Trading on Congressional Knowledge (STOCK) Act when, on Sept. 18, he was as much as four months late disclosing six personal stock transactions...

Yen Drops and Dollar Rises as Central Banks Maintain Stimulus Measures

On Friday, the yen fell sharply against the dollar, trading at 148.31, following the Bank of Japan's decision to keep interest rates in negative territory. This move indicates that the bank is not in a hurry to wind down its large-scale stimulus...

From Mayor to Moneyless: Rudy Giuliani is 'Going Broke' and 'In a World of Trouble' After Legal Woes and Georgia Indictment, Source Claims

Rudy Giuliani is allegedly “penniless” after facing a number of civil lawsuits plus a criminal indictment in Georgia, RadarOnline.com has learned. In the latest development to come after the ex-New York City mayor was sued for $1.4 million by his former lawyer on Tuesday, Giuliani biographer Andrew Kirtzman revealed that the embattled politician is...

State Bank of India raises Rs 10,000 crore via infrastructure bonds

State Bank of India (SBI), a leading Indian lender, reported on Friday that it has successfully raised Rs 10,000 crore through the issuance of infrastructure bonds with a 7.4% coupon rate, marking the fourth time the bank has issued such bonds. The...

Kiyosaki predicts Bitcoin value at $500,000 by 2025, calls current market undervalued

Robert Kiyosaki, best-selling author of "Rich Dad Poor Dad," recently shared his perspective on the financial market, suggesting that Bitcoin, gold, and silver are currently undervalued and thus present attractive investment opportunities. Kiyosaki,...

Barclays' stock performance lags behind S&P 500, but optimism persists for future valuation

Barclays (LON:BARC) Bank's stock (NYSE: BCS) has seen a modest year-to-date (YTD) increase of 1%, in contrast to the S&P 500's 16% surge over the same timeframe as of Wednesday. Despite this, the bank's shares are currently valued at $8 each, 26%...

Finance titans meet with Ukraine's Zelenskiy in New York -sources

By Svea Herbst-Bayliss NEW YORK (Reuters) - Investors Ken Griffin and Bill Ackman, who oversee billions of dollars in private funds, are meeting with Ukrainian President Volodomyr Zelenskiy in New York, according to two sources briefed on the event scheduled for Wednesday afternoon. Zelenskiy addressed the United Nations Security Council earlier on Wednesday about Russia's February 2022 invasion

House committee advances CBDC Anti-Surveillance State Act, Fed decision impacts crypto

In a significant development on Wednesday, the House Financial Services Committee advanced the CBDC Anti-Surveillance State Act. The Act, aimed at countering surveillance threats, necessitates Congressional authorization for any issuance of Central...

Shift from financial to physical savings in India amid low-interest rate regime

The claim that Indian net household financial savings have declined to a 50-year low is misleading, according to research published by the State Bank of India (SBI) on Thursday. The bank's economists argued that the saving capacity of households...

Virgo: Your finance horoscope - September 21

Virgo: here are your finance predictions for the day September 21

What I Rent: Trader Siam, who pays £3,250 in Norwich – and is waiting to buy mortgage-free

'Mortgages are modern day scams.'

Nigeria's cash transactions drive currency circulation to N2.7 trillion

The Central Bank of Nigeria (CBN) reported on Thursday that the currency in circulation in Nigeria rose by N1.7 trillion to reach N2.7 trillion as of August 31, 2023. The increase was driven by a surge in cash transactions, marking a significant...

What Is Maren Morris' Net Worth? The Singer Raked in Millions Before Leaving Country Music Behind

Music has been in Maren Morris' blood since she was just a kid, but what started out as a beloved hobby has turned into quite the successful career. According to reports, the star's current net worth is said to be between $5 and $8 million. The star's passion for singing prompted her to try out for shows such as American Idol, America's Got Talent ...

Former BitMex CEO analyzes potential capital flight from China amid yuan depreciation

Arthur Hayes, the former CEO of BitMex, has recently conducted an analysis on the potential capital flight from China, following the Chinese yuan (CNY) depreciating nearly 15% against the U.S. dollar (USD) this year. The depreciation has ignited...

A Week In Bay Area, CA, On A $80,100 Salary

Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar. Today: a realty specialist who makes $80,100 per year and spends some of her money this week on rental bikes. Occupation: Realty Specialist Industry: Government Age: 31 Location: Bay Area, CA Salary: $80,100 Net Worth: $358,702...

High Net Income.

Stocks that have reported high net income figures from the prior quarter.

Cash Splash: Stocks That Could Ride or Sink with the Treasury’s Cash Rebuild.

The Treasury Department will need to replenish its cash reserves after the debt ceiling is lifted, according to Goldman Sachs. This could involve the sale of up to $700 billion in T-bills, which would drain liquidity out of markets in a short period of time. President Joe Biden and Republicans in Congress are currently negotiating a deal, and Goldman expects the Treasury to flood the market with T-bills once a settlement is reached. This could...

Eight big banks must face US cities' bond collusion claims

By Jonathan Stempel NEW YORK (Reuters) - A U.S. federal judge on Thursday said American cities may pursue class-action claims accusing eight large banks of driving up interest rates they paid on a popular municipal bond. U.S. District Judge Jesse Furman in Manhattan rejected efforts by Bank of America, Barclays, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Royal Bank of Canada and

Exact dates millions will get the next £300 Cost of Living Payment

'We are helping the most vulnerable in our society, and this latest Cost of Living Payment is part of a package of support.'

Record $19 billion stock market withdrawal amid high-interest rate concerns

Bank of America (NYSE:BAC) reported a record $19 billion withdrawal from the stock market in the past week, marking the highest outflow seen this year. This development comes amid rising bond yields and concerns over prolonged high-interest rates....

Digital Payment Boom: Follow the trending payments companies.

The global contactless payment market is expected to rise from $10.3 billion in 2020 to $18.0 billion by 2025 (via Investopedia). Goldman Sachs estimates that as much as $1 trillion in annual revenue is at stake in B2B payments. Small businesses stand to gain the most from a shift to digital payments. Companies within this list are significantly invested in and benefiting from the evolution of the digital payment industry. This list's...

The highest-earning songs of all time

Imagine if you could write one perfect song that would earn enough money for you to live like royalty for the rest of your life. Such is the case for many of the songwriters on this list, but, being talented geniuses, they kept on working for the love of the music rather than packing it in and retiring in style. In some cases, a cover became far more successful than the original song. That might cause a little sting for the true owner, but the massive yearly royalty checks are probably an effective salve! Intrigued? Click through this gallery to discover the most commercially-successful songs in history.

Japanese Short-Term Bonds Gain Popularity Amid Uncertainty Over Long-Term Rates

The Bank of Japan's adherence to its ultra-loose monetary policy has led to a surge in investor preference for short-term yen credit, particularly five-year corporate bonds, amid ongoing uncertainty surrounding long-term rates. This trend has been...

Top 3 most popular commodities on Money over the last month.

We have pulled commodities that are the most popular amongst Money users over the past month.

Manx Financial Group sees surge in shares amid higher H1 2023 pretax profits

Manx Financial Group (LON:MFX) reported a 9% increase in its share price, reaching 24 pence and peaking at 25.4 pence earlier on Thursday. This surge followed an uptick in the firm's pretax profits for the first half of 2023, attributed to higher...

11 major money changes coming before Christmas - from interest rates to Amazon Prime

Be in the know to keep your finances on track.

Report: 2023 qualifying offer will increase to roughly $20.5 million

Major League Baseball is expected to raise this winter’s qualifying offer to a record-breaking figure that could settle in the $20.5 million range, according to the New York Post’s Joel Sherman.

Rupert Murdoch net worth: How ex-Fox News chairman made his billions

Fox Corporation and News Corp chairman Rupert Murdoch is stepping down and putting his son Lachlan in charge.

Starfield mega bug lets you earn infinite money credits with zero effort

A very helpful glitch can earn you 160,000 credits from opening a single chest, and you can keep go back to it as often as you want.