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Turkey to set out 'new economic model' as lira tumbles

Turkey to set out 'new economic model' as lira tumbles

Adam Samson in London and Ayla Jean Yackley in Istanbul August 9, 2018 Print this page Turkey said it would set out a new economic plan as the Turkish lira dropped to a record low and pressure mounted on Ankara to reassure investors and resolve an escalating dispute with the US. The lira was down […]

NYC Council Finance panel approves $500M Hudson Yards bond issue

NYC Council Finance panel approves $500M Hudson Yards bond issue

The New York City Council’s Finance Committee on Wednesday approved up to $500 million of bonds to back additional financing by the Hudson Yards Infrastructure Corp. The finance panel, under the chairmanship of Daniel Dromm, voted 9-0 to approve a financing that will implement Phase 2 of the development on Manhattan’s Westside and expand the […]

Tesla's Elon Musk just invited a big lawsuit

Tesla's Elon Musk just invited a big lawsuit

Electric carmaker Tesla (TSLA) could be going private, according to a tweet by its mercurial CEO, Elon Musk. If true, it’s a boon for shareholders. But if it’s not true, Tesla is in trouble, and shareholders may feel the pain. “If funding is secured, then it’s a factual statement,” says John C. Coffee, director of […]

City finance director to take new job out of state

City finance director to take new job out of state

The City of Columbia’s finance director is leaving to accept a new job out of state. Michele Nix’s resignation will be effective Sept. 4, according to a news release from the city. She was hired in March 2016 and has overseen budgeting, city finances, the city treasury and the 55 employees in the city’s finance […]

Rebel Bankers Are Forging A "Noah's Ark" Of Female Finance

Rebel Bankers Are Forging A "Noah's Ark" Of Female Finance

Grace Belgravia.Photo courtesy of Grace. A culture of mansplaining, laddy sports events, and a failure to recognize female leaders has been failing the female pound. Today, three-quarters of women say financial services is the industry they’re most disappointed with. This has to change: female private wealth is booming (increasing from $34 trillion to $51 trillion […]

Berkshire Hathaway profit surges as economy gives Buffett a boost

Berkshire Hathaway profit surges as economy gives Buffett a boost

By Jonathan Stempel (Reuters) – Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said quarterly operating profit rose 67 percent, as insurance underwriting rebounded and several business units benefited from a growing economy. Results easily topped analyst forecasts. Underwriting profit at the Geico auto insurance unit more than quintupled, the BNSF […]

County finance department honored

County finance department honored

ROSEBURG — Douglas County has received a top award in financial reporting. According to a press release from County Public Information Officer Tamara Osborne, the county received a Certificate of Achievement for Excellence in Financial Reporting by Government Finance Officers Association of the United States and Canada (GFOA) for their comprehensive annual financial report (CAFR) […]

Morning Brief: CBS refuses to address Moonves allegations

Morning Brief: CBS refuses to address Moonves allegations

Friday, August 3, 2018 What to watch today The main event Friday will be the jobs report, which is expected to show 192,000 jobs were created in July, extending the strong run of readings on the U.S. economy seen over the last couple weeks. This jobs report will follow last week’s GDP report for the […]

Finance ministry may approve Rs 4000 crore for electric vehicle subsidy scheme: Officials

Finance ministry may approve Rs 4000 crore for electric vehicle subsidy scheme: Officials

NEW DELHI: The finance ministry is likely to approve a subsidy outlay of nearly Rs 4,000 crore for the second phase of FAME India scheme to promote electric and hybrid vehicles, official sources said today. The heavy industry ministry had sought over Rs 12,200 crore in financial support to implement the scheme over the next […]

Iowa Finance Authority audit: Former director Dave Jamison rented hotels close to home

Iowa Finance Authority audit: Former director Dave Jamison rented hotels close to home

CLOSE Dave Jamison was independently warned by as many as three high-ranking executives of the Iowa Finance Authority to tame his sultry talk. Rodney White, rodwhite@dmreg.com Dave Jamison(Photo: Special to the Des Moines Register) A new audit says the director of an Iowa housing agency improperly spent more than $800 renting hotel rooms near his […]