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….
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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…
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…
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,…
Alberta Finance Minister Toews spars with feds over who needs to step up with incentives
Article content Ottawa and Alberta remain at odds over who is responsible for industrial subsidies after an in-person meeting of finance ministers Friday. Article content 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…
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…
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….
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…