Finance min.: Biggest budget in Egypt's history to be implemented

Finance min.: Biggest budget in Egypt's history to be implemented

CAIRO – 1 July 2018: Finance Minister Mohamed Ma’it said on Sunday Egypt is starting to put into the effect the biggest budget in its history for the upcoming 2018/2019 fiscal year. Egypt’s fiscal years starts on July 1 and lasts until June 30 of the following year. Ma’it, in press statements, said expenditures […]

Vince McMahon Expected to Spend $500 Million to Finance XFL

Vince McMahon Expected to Spend $500 Million to Finance XFL

Tom Hauck/Getty Images As Vince McMahon prepares to relaunch the XFL, the WWE chairman is figuring out the financial aspects of the project.  According to ESPN’s Darren Rovell, McMahon is expected to spend more than $500 million over the first three seasons of the league’s existence. Rovell noted back in December 2017 that McMahon sold about […]

Foxconn has to balance its loyalties to the world's 2 biggest economies

Foxconn has to balance its loyalties to the world's 2 biggest economies

Apple (AAPL) supplier Foxconn, the world’s biggest contract electronics manufacturer, broke ground on its 20-million-square-foot campus in Wisconsin on Thursday, nearly a year after announcing its $10 billion investment in the U.S. At the groundbreaking ceremony at Foxconn’s only LCD manufacturing facility outside Asia, President Donald Trump spoke of the trade tensions between China and […]

Square CFO Sarah Friar forecasts the future shape of finance

Square CFO Sarah Friar forecasts the future shape of finance

There are a few mega trends, as Square’s chief financial officer Sarah Friar calls them, rippling through the financial industry: Executives are wondering if and when Amazon will take aim at their industry; banks are closing branches; and money is increasingly being passed around electronically. Friar has spent her career in the crosscurrents of finance […]

Supreme Court deals big setback to labor unions

Supreme Court deals big setback to labor unions

WASHINGTON (AP) — The Supreme Court ruled Wednesday that government workers can’t be forced to contribute to labor unions that represent them in collective bargaining, dealing a serious financial blow to organized labor. The court’s conservative majority scrapped a 41-year-old decision that had allowed states to require that public employees pay some fees to unions […]

Democrats Stick by Maxine Waters for Finance Panel Despite Controversy

Democrats Stick by Maxine Waters for Finance Panel Despite Controversy

Representative Maxine Waters’ Democratic colleagues are sticking by her as the party’s top candidate to run the powerful Financial Services Committee despite the controversy over her urging supporters to publicly confront Trump administration officials on immigration. Waters, a 13-term California Democrat, is the senior Democrat on the committee and if the party wrests control of […]

Finance ministers to press Morneau about opting out of controversial tax change

Finance ministers to press Morneau about opting out of controversial tax change

OTTAWA — Finance ministers from at least two provinces are planning to question their federal counterpart Bill Morneau about whether they can opt out of Ottawa’s plan to implement a controversial tax change. The country’s finance ministers will gather in Ottawa today to discuss a range of issues — from the state of the economy, […]

PNB Housing Finance rallies over 14% as HDFC denies controlling stake

PNB Housing Finance rallies over 14% as HDFC denies controlling stake

NEW DELHI: Shares of PNB Housing Finance rallied over 14 per cent after reports that Housing Development Finance Corp and Kotak Mahindra Bank are competing for a controlling stake in the housing finance company as they aim to gain wider coverage in a mortgage market that’s seen among the safest of havens in the lending […]

It's not all about money: Financial wisdom for young adults

It's not all about money: Financial wisdom for young adults

Bev O’Shea, NerdWallet Published 6:00 a.m. ET June 24, 2018 CLOSE If you’re planning on relying solely on your social security check for retirement, you may want to reconsider. Here’s why. Wochit Time is money. When you buy something, you trade minutes or hours of your life for it. It’s a good way to decide […]