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Be Smart: Look For These Financial Exploitation Warning Signs From The DOJ

January 31, 2023 by www.forbes.com

Share to Twitter Share to Linkedin You may think that your aging loved ones are safe from being ripped off because they’ve been careful about their estate planning, particularly if they have a lot to steal. But there is more to keeping them safe financially than a will and trust. The elders tell you “we’ve taken care of all that. Don’t worry”. They are intelligent, good with managing money historically. But things can change with aging. Should you worry? Maybe you should. The U.S. Department of Justice (DOJ) conducts its research, does prosecutions and tries to alert the public of signs of elder financial abuse. If you have an aging parent, meaning anyone over 65, that person is considered an “elder” under the law is statistically more at risk for theft. Invisible scammers aren’t the only ones trying to get into your aging parents’ assets and steal. It can be anyone with access to their bank accounts, checkbook or financial information. And it can happen to … [Read more...] about Be Smart: Look For These Financial Exploitation Warning Signs From The DOJ

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Oil weakens as market awaits signs of China demand recovery

February 3, 2023 by business.inquirer.net

SINGAPORE  – Oil prices eased on Friday, with major benchmarks headed for their second straight week of losses, as the market awaited further signs of fuel demand recovery in China to offset looming slumps in other major economies. Brent crude futures fell 34 cents, or 0.4 percent, to $81.83 a barrel by 0740 GMT, while U.S. West Texas Intermediate (WTI) crude futures slid 37 cents, or 0.5 percent, to $75.51. Both contracts have dropped by more than 5 percent so far this week, with mixed signals on fuel demand recovery in China, the world’s top oil importer, keeping a lid on prices. ANZ analysts pointed to a sharp jump in traffic in China’s 15 largest cities following the Lunar New Year holiday, but also noted that Chinese traders had been “relatively absent”. The prospect of an economic rebound in China after COVID-19 curbs eased has buoyed the oil market so far this year, along with a weaker dollar that makes the commodity cheaper for those holding other currencies. The … [Read more...] about Oil weakens as market awaits signs of China demand recovery

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Signing Of The Season? Atalanta’s Ademola Lookman Is Scoring Like Cristiano Ronaldo

February 3, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Andriy Shevchenko. Diego Milito. Cristiano Ronaldo. Krzysztof Piątek. Romelu Lukaku. Ademola Lookman. When looking at the complete list of players who scored 12 or more goals in their first 20 Serie A matches, it is certainly no surprise to see the first three, while Lukaku’s impact in his first spell at Inter is undeniable. Poland international Piątek may have faded after his incredibly bright start – and a big money move to AC Milan – but just being among such illustrious company shows just how good Lookman has been thus far for Atalanta. Indeed, the 25-year-old has 12 goals (and three assists) in just 19 Serie A appearances, with five of those games seeing him introduced as a substitute. It is also worth noting that only one of his goals – his first – has come in a match where he began on the bench, while Lookman added two more goals in his only Coppa Italia start too. Making this feat even more … [Read more...] about Signing Of The Season? Atalanta’s Ademola Lookman Is Scoring Like Cristiano Ronaldo

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Manchester United Reportedly Interested In Signing FC Barcelona Prodigy Ansu Fati

February 3, 2023 by www.forbes.com

Share to Twitter Share to Linkedin Manchester United are reportedly interested in signing Ansu Fati from FC Barcelona. The 20-year-old who inherited Lionel Messi's '10' shirt and signed a new contract through to 2027 with a €1bn ($1.09bn) release clause in October 2021 is currently struggling for form in Xavi Hernandez's La Liga-leading first team. In the club legend's successful new system of four midfielders , there is only space for one pure winger on the right flank which appears to be Raphinha amid Ousmane Dembele's fresh injury. Gavi, or sometimes Pedri, operates as a false left winger, in an area of the park where Fati is often deployed. In games where Robert Lewandowski has been suspended, the Guinea-Bissau-born prodigy has also failed to impress as a striker and was hooked by Xavi in favor of Alejandro Balde at Girona last Saturday where Pedri scored the winner in a scrappy 1-0 victory. Barca are currently faced with a dilemma, as La … [Read more...] about Manchester United Reportedly Interested In Signing FC Barcelona Prodigy Ansu Fati

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Oil heads for weekly loss awaiting China recovery signs

February 3, 2023 by www.moneycontrol.com

Oil Oil prices made modest gains in early trade on Friday but were heading for a second straight week of losses, as the market looked for more signs of a strong recovery in fuel demand in China to offset looming slumps in other major economies. Brent crude futures rose 16 cents, or 0.2%, to $82.33 a barrel at 0110 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 18 cents, or 0.2%, to $76.06 a barrel. So far this week, Brent has dropped by 4.8%, extending a 1.1% loss from the previous week. WTI has fallen by 4.5% after sliding 2% in the prior week. Mixed signs of a fuel demand recovery in China, the world's top oil importer, have kept a lid on the market. ANZ analysts pointed to a sharp jump in traffic in China's 15 largest cities following the Lunar New Year holiday, but also noted that Chinese traders had been "relatively absent" from markets. Read More The prospect of an economic rebound in China after COVID-19 curbs eased has buoyed … [Read more...] about Oil heads for weekly loss awaiting China recovery signs

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US Fed: Signs of disinflation, but labour market still tight

February 2, 2023 by www.moneycontrol.com

PRO Only Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook Highlights Fed steps down rate hike size from 50 bps to 25 bps Key challenge is how long will rates remain elevated Services inflation related to labour market harder to crack Global macro improving which may re-set international fund flows Take advantage of recent consolidation for quality domestic counters The US Fed continues to prune the sizes of its rate hikes, from 75 bps to 50 bps to now a conventional rate hike size of 25 bps. With this hike, the target range of the... … [Read more...] about US Fed: Signs of disinflation, but labour market still tight

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Vista Land raises P2.9B via corporate notes issuance

February 3, 2023 by business.inquirer.net

Billionaire Manuel Villar Jr.’s Vista Land & Lifescapes Inc. raised another P2.9 billion from the issuance of corporate notes as part of its debt management activities. Vista Land said the notes, due on Dec. 26, 2025, will pay a fixed interest rate of 7.2595 percent. “The proceeds of the additional notes will be used to refinance existing or maturing obligations of the group and for the other general corporate purposes,” Vista Land, one of the country’s biggest housing developers, said in a stock exchange filing on Friday. The developer said it signed a corporate notes facility agreement with BDO Capital & Investment Corp. and China Bank Capital Corp. as lead arrangers and bookrunners. It also tapped Union Bank of the Philippines as co-lead arranger. The issuance was part of a P12-billion corporate note facility signed last year. Last December, Vista Land said it issued an initial P8.6 billion from the facility at a fixed interest rate of 7.9314 percent. Vista Land … [Read more...] about Vista Land raises P2.9B via corporate notes issuance

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Govt spend will boost infra but concerns around public private partnership not addressed: Vinayak Chatterjee.

February 3, 2023 by www.moneycontrol.com

The central government has emphasised capital expenditure in the economy but it still has not addressed the issues surrounding public-private partnerships in the country, which needs to be urgently looked into, said Vinayak Chatterjee, founder and managing trustee, The Infravision Foundation. " I am not particularly optimistic (about the sucess of the PPP model in India) because I have not seen any, shall I say, strenuous or concerted attempt to address the ills of PPP, to address the issues that made PPP fall," Chatterjee said. He added that while the Centre’s move to increase capital expenditure on infrastructure in 2023-24 is an encouraging move to drive India’s economy and will push the country’s gross fixed capital formation (GFCF) to be around 7.5-8 percent of GDP in the next financial year, “Just a year after recovering from the COVID-19 pandemic, if India's GFCF touches 7.5-8 percent in FY24, this is an encouraging sign for the country’s economy,” Chatterjee said. … [Read more...] about Govt spend will boost infra but concerns around public private partnership not addressed: Vinayak Chatterjee.

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Maha govt positive about Old Pension Scheme for teachers and govt employees: CM

January 22, 2023 by www.moneycontrol.com

Maharashtra Chief Minister Eknath Shinde (Image: PTI/File) Maharashtra Chief Minister Eknath Shinde on Saturday said the state government is positive about the Old Pension Scheme for teachers and government employees. He said the state education department is studying the OPS. Addressing a campaign rally for upcoming Legislative Council polls, Shinde also said the state government will respond to allegations raised by the Opposition regarding investment proposals inked at the recently-held Davos summit by its work. "The government is positive about Old Pension Scheme for teachers and government employees, non-aided schools, and also for 25 per cent reservation in English medium schools. The education department is studying the OPS," he added. Speaking about the Davos summit, he said some foreign companies, instead of making a direct investment, prefer to go in for joint ventures. Read More "Hence many industrialists at the Davos conference are from India. … [Read more...] about Maha govt positive about Old Pension Scheme for teachers and govt employees: CM

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Manufacturing PMI declines to three-month low of 55.4 in January

February 1, 2023 by www.moneycontrol.com

A reading above 50 indicates expansion in activity, while a sub-50 print is a sign of contraction. (Representative image) India's manufacturing sector activity continued to expand in January, with the S&P Global Purchasing Managers' Index (PMI) coming in at 55.4, down from December's 26-month high of 57.8, data released on February 1 showed. A reading above 50 indicates expansion in activity, while a sub-50 print is a sign of contraction. This is the 19th consecutive 50-plus print for India's manufacturing PMI. At 55.4, the January PMI print is at a three-month low. Catch all the LIVE updates on Budget 2023 Read More "The manufacturing industry started 2023 on a firm footing, with a robust increase in new work intakes underpinning a further expansion in production," said Pollyanna De Lima, economics associate director at S&P Global Market Intelligence. "Despite some loss of growth momentum, the sector looks set to at least remain in … [Read more...] about Manufacturing PMI declines to three-month low of 55.4 in January

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