Tag: finance yahoo

G20 exploring cryptocurrency regulation, India’s finance minister says

By Nikunj Ohri

(Reuters) – The Group of 20 (G20) big economies is exploring whether the group could collectively regulate cryptocurrencies, Finance Minister Nirmala Sitharaman said on Saturday.

Given the sophisticated technologies involved with these virtual assets, countries must discuss whether a given regulation is needed, said Sitharaman, whose country is this year’s G20 president.

Prime Minister Narendra Modi’s government has for several years debated drafting a law to regulate or even ban cryptocurrencies but has not made a final decision.

“We are talking to all nations, that if it requires regulation, then one country alone cannot do anything,” Sitharaman

…
Read More

Adani Credit Flashes Warnings After Group Gorged on Cheap Debt

(Bloomberg) — Gautam Adani’s sprawling corporate empire embraced the era of cheap debt like few others. But with the yields spiking and access to overseas financing suddenly in question, investors and analysts say the borrowing blitz has made it all the more vulnerable amid its worst crisis ever.

Most Read from Bloomberg

The conglomerate, with businesses stretching from ports to renewable energy, tapped international bond buyers for more than $8 billion in recent years, while also turning to global banks for at least as much in foreign-currency loans, data compiled by Bloomberg show. After its borrowing costs surged in response

…
Read More

ESG tops regulatory demands in finance as UK, EU rules diverge

LONDON (Reuters) – Financial firms in Britain and the European Union remained under significant pressure to comply with diverging environmental, social and governance (ESG) rules over the past six months, KPMG’s Regulatory Barometer showed on Monday.

The barometer, aimed at helping firms with compliance planning, also tracks the scale of the divergence between UK and EU regulations, with KPMG saying the biggest differences are in areas like customer protection and access to markets.

“As the UK forges ahead with new approaches post-Brexit, and regulators consider their new competitiveness objectives, firms will likely need to adapt to an increasingly different set

…
Read More

WhiteHorse Finance, Inc. (NASDAQ:WHF) Sees Significant Decline in Short Interests

WhiteHorse Finance, Inc. (NASDAQ:WHF – Get Rating) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totaling 61,400 shares, a decline of 20.9% from the January 15th total of 77,600 shares. Based on an average daily trading volume, of 76,500 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the company’s stock is sold short.

Insider Activity

In related news, Director John Bolduc bought 7,690 shares of WhiteHorse Finance stock in a transaction that occurred on Monday, December 5th. The stock was purchased at

…
Read More

Alberta Finance Minister Toews spars with feds over who needs to step up with incentives

Ottawa and Alberta remain at odds over who is responsible for industrial subsidies after an in-person meeting of finance ministers Friday.

UCP Finance Minister Travis Toews sat down with his provincial and territorial counterparts and federal Finance Minister Chrystia Freeland to discuss global economic pressures and a looming transition to a low-carbon economy.

At a news conference Friday afternoon in Toronto, Freeland said the provinces and territories need to pitch in to help the federal government compete with the American Inflation Reduction Act (IRA), which offers massive subsidies to US-made products.

“We need to

…
Read More

Fiscal room tightening as economy teeters, associate finance minister says




Mia Rabson, The Canadian Press



Published Tuesday, January 24, 2023 5:31AM EST




Last Updated Tuesday, January 24, 2023 5:22PM EST

HAMILTON – Canada’s associate finance minister says it’s going to be a “turbulent” year for the economy, but Randy Boissonault insists the government still has some spending room for big priorities including a new health-care deal with the provinces.

Boissonnault was speaking before the cabinet meets on the second of a three-day cabinet retreat in Hamilton, Ont. Finance Minister Chrystia Freeland is set to give an economic update to the cabinet

…
Read More

Quicken Enables Users to Share Financial Info

Quicken’s personal finance app now lets users share their financial information with trusted parties.

With this new feature of the Simplifi app, spouses can share information to align their budgeting, parents can help their children develop healthy financial habits, and users can help their aging parents manage their finances, Quicken said in a Wednesday (Feb. 1) press release.

Users can also share information with accountants to streamline tax preparation and with financial planners to collaborate year-round on budgets, the release said.

“When it comes to financial planning, consumers can feel isolated due to the individual-based approach many financial tools take,”

…
Read More

Federal deficit stood at $3.6-billion with four months left in 2022-23 fiscal year

Finance Minister Chrystia Freeland appears as a witness at a Senate committee on national finance, in Ottawa, on Dec. 7, 2022.Sean Kilpatrick/The Canadian Press

The federal deficit stood at $3.6-billion as of November with just four months left in the 2022-23 fiscal year, suggesting federal finances are outperforming official projections.

The Finance Department’s monthly fiscal monitor report said the $3.6-billion deficit for the April to November period compared to a $73.7-billion deficit during the same eight months one year earlier.

The report said the federal government ran a $3.4-billion deficit in the month of November alone, compared with a

…
Read More