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TPD) cashed in as exploration results circulate – The Market Herald
Find out more about this capital increase Be the first with news that moves the market Talon Energy (TPD) is cashed in with $13.5m raised through a placement and stock purchase plan as recent drill and flow test results beat expectations. But despite the latest news, the company’s share price remains stagnant. Talon holds stakes …
Labor calls for higher capital gains tax for certain…
Labour’s Sadiq Khan wants a capital gains tax hike for certain investors. The Mayor of London responded to another Labor politician – Sam Moema – who was speaking out against overseas ownership levels of buy-to-let and other properties in the capital. Khan says he wants the government to increase the premium …
The thief bought a house in his retired father’s name and left him all the debt
A con artist who stole hundreds of thousands of dollars from his family left his father struggling with a mortgage he didn’t apply for when he began his retirement. Clare Roughley subjected her parents, grandparents and even a woman in her care to a despicable campaign of theft for several years. The former bank worker …
Equity Investors Realize Net Capital Gains of N598 Billion on Profit Taking
Nigerian scholarship Investors in Nigerian stocks closed the weekend with net gains of 598 billion naira despite the start of considerable profit taking. Investors sought to monetize the substantial capital gains accumulated over successive rally weeks, but gains in large-cap telecom stocks rallied the overall market position to a positive close. Benchmarks at Nigerian Exchange …
How the capital market can drive growth in the agricultural sector –NGX – The Sun Nigeria
By Chinwendu Obienyi The Nigerian Exchange Limited (NGX) says the capital market can foster long-term growth in the agricultural sector. Division Head, Capital Markets at NGX, Jude Chiemeka said so at the Agricultural Investment and Capital Markets Conference (AICM2022), held recently in Lagos. Are you a 40+ male? Don’t miss Vital Information, it leaves in …
AMD Investors Should Be Excited About These 3 Things
Today’s video is about Advanced micro-systems (NASDAQ: AMD) and three recent announcements investors should watch. The first is the finalization of the acquisition of Pensando. The second is that Microsoft (NASDAQ: MSFT) is the first cloud provider to publicly adopt the MI200, AMD’s newest server GPU. The third concerns Google (NASDAQ:GOOGL) (NASDAQ:GOOG) increasing its adoption …
Miners rake in hundreds of millions – The Market Herald
Find out more about this capital increase Be the first with news that moves the market Miners led the capital raise this week, bringing in hundreds of millions of dollars through equity placements. Emerging lithium producer Sayona Mining (SYA) led the way by announcing a $190 million bookbuild to restart production at its Quebec operations. …
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Japanese Prime Minister Kishida Says Capital Gains Tax Debate Still Hot
Fumio Kishida, Prime Minister of Japan, speaks during a press conference following the Quadrilateral Security Dialogue (Quad) Leaders’ Meeting at the Prime Minister’s official residence in Tokyo, Japan, May 24, 2022 Kiyoshi Ota/Pool via REUTERS Join now for FREE unlimited access to Reuters.com Register TOKYO, May 27 (Reuters) – Japanese Prime Minister Fumio Kishida said …
Japanese Prime Minister Kishida says capital gains tax debate still hot By Reuters
© Reuters. Fumio Kishida, Prime Minister of Japan, speaks during a press conference following the Quadrilateral Security Dialogue (Quad) Leaders’ Meeting at the Prime Minister’s official residence in Tokyo, Japan, May 24, 2022 Kiyoshi Ota/Pool via REUTERS By Kantaro Komiya TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Friday his government and ruling …
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Parking meter deal gets even worse for Chicago ratepayers, annual audit says
In their failed bid to blockade Bally’s $1.7 billion River West casino, downtown city council members warned the deal was rushed — just like the one that privatized Chicago’s parking meters — and that it would end up being “even worse” for taxpayers. This dire prediction is hard to imagine, given the results of the …
MPs want capital gains tax to be doubled
Market News MPs want capital gains tax to be doubled Friday, May 27, 2022 Gladys Wanga, President of the Finance Committee of the National Assembly. PICTURES | BOWL Investors disposing of properties will still face higher tax burdens, even with the proposed capital gains tax (CGT) cut after lawmakers rejected calls to factor in inflationary …
Prospects for female venture capitalists in raising capital
In 2021, only 2% of venture capital (VC) funds were raised by female founders.[1] Surprisingly, this was the smallest share since 2016 for the notoriously male-dominated industry. This disproportionate distribution is reflected at the fund level where less than 17% of general partners (GPs) are women.[2] Many argue that access to capital and funding are …
Analysis of IT Outsourcing in Capital Market Outlook 2022 by 2029
Los Angeles, USA:The verified market report provides an encyclopedic study of the Global IT outsourcing in capital market, along with a holistic overview of significant factors and aspects affecting the future growth of the market. The global IT outsourcing in capital market has been analyzed for the forecast period 2022-2029 and the historical period 2017-2021. …
Increase in personal tax payments likely due to capital gains: report
Individuals paid slightly more taxes this year compared to previous years, and according to an analysis of Penn Wharton’s budget model, this increase in taxes owed was likely due to the huge capital gains recorded by households in 2021. In the 15 years to 2021, inflation-adjusted individual tax payments in April typically totaled around $300 …
Thousands of Amigo Loan customers move closer to compensation
THOUSANDS of Amigo Loan customers are about to get their money back. Amigo has been accused of providing unaffordable loans, which customers could not repay – but they are now closing in on the compensation they are owed. 1 Amigo customers are about to get their money backCredit: Getty Court hearings took place on May …
Citrus North explained the different types of loans offered by Canada
The subject of interest rates can be an extremely difficult subject to grasp, especially for people unfamiliar with the regulations and rules that govern lending in Canada. Understanding the concept of interest rates is not something you can master on your own. Here is a brief description of the different types of loans. 1. Payday …
Canva’s first investor is part of a $14 million funding round
“We didn’t need the money, but I think it’s better to collect when you don’t need the money than when you do.” Mr Birrell said the company had been able to raise “a decent round”, despite slowing technology investment, thanks to Fresho’s dominance in a market that had been slow to modernize its systems. Pandemic …
Coupon App Provider Ranking Sees Competitors
Their job is to conduct a tough negotiation, so it is not surprising that there is good competitiveness and a change of position among competitors in the latest edition of PYMNTS’s coupon app provider rankings. Highlights from this month include a new leader at the top of the standings, two movers who have added five …
A Marxist current that questions the undemocratic customs and traditions of capitalism
By Bhabani Shankar Nayak* A very well-meaning comrade called me a multi-versal Marxist with a savage smile full of English irony while presiding over my book publishing function at the Marx Memorial Library, London. I dedicate this piece to him…There is no other philosopher who is more abused and misunderstood than Marx. There is no …
Companies seek capital gains tax relief in law as rate triples
Economy Companies seek capital gains tax relief in law as rate triples Friday, May 20, 2022 Mucai Kunyiha, President of the Kenya Association of Manufacturers (KAM). FILE PHOTO | NMG By CONSTANT MUNDAMore from this author Summary The calls come following proposed changes to the Income Tax Act to increase capital gains tax (CGT) from …
How are shares taxed? A guide to capital gains
Do you make money with stocks and other investments? If so, be sure to set aside some of your profits for your taxes. When you sell your shares for profit or earn dividends, you are subject to capital gains tax. In other words, these taxes apply when you sell an investment for more than you …
Capital gains tax on certain home sales? Bill fails – for now
A bill that would make it harder for real estate speculators to rehabilitate and sell distressed properties has missed a key deadline in the California Legislature. Photos via ZINC Financial Correction: A quote from Steve Flach, president of the Fresno Association of Realtors has been corrected to read that price appreciation has declined to 9.4%. …
Red flags of toxic debt and how to avoid it
Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. The word debt can often have a bad connotation, but not all debt is necessarily “bad”. …
U-turn on audit reform is bad for British capitalism
The writer is Chief Investment Officer of Muddy Waters Capital There’s a line in the comedy movie Zoolander in which the protagonist, an empty and vain role model, confesses to having considered volunteering to help underprivileged children. He then states that “just thinking about it has been the most rewarding experience I have ever had”. …
Experts will discuss ways to strengthen the West African capital market
By Adedapo Adesanya The naira depreciated against the dollar on the Peer-to-Peer (P2P) segment of the foreign exchange (FX) market on Thursday by 0.34% or N2 to trade at N615/$1 from 613 N/$1 the day before. Additionally, at the Investors and Exporters (I&E) window, the Nigerian currency depreciated against the greenback yesterday by 0.26% or …
The Morning Briefing: Why FCA Needs More Staff and EIS Fundraising
Hello and welcome to your Morning Briefing on Wednesday, May 18, 2022. To receive it each morning in your inbox, click here. FCA workforce Experts say the Financial Conduct Authority needs to bolster its authorizations team to successfully introduce new application fees. Maddie Delboy, Head of Regulatory Support at Apricity, said Money Marketing that the …
Introducing capital gains tax could discourage investors—Popoola
By Aduragbemi Omiyale The National Bureau of Statistics (NBS) revealed on Tuesday that inflation in Nigeria increased by 16.82% in April 2022 compared to the 15.92% recorded in March 2022. However, on an annual basis, the rate moderated by 1.3%, with inflation standing at 18.12% in the corresponding month of 2021. The SNB revealed that …
The consequences of fraud on our capital market
OVER the past few months, financial statement questions involving a large publicly listed company in Bursa Malaysia appeared to have raised serious doubts in the minds of investors, local and foreign, about the integrity of our capital market. These investor doubts must be addressed if financial stability and economic prosperity are to be maintained in …
M4Markets completes fundraising from investors based in Cyprus and Dubai LeapRate
M4Markets today revealed that after a positive first quarter in 2022, it has completed a fundraising through the sale of a significant stake to new strategic investors. The global FX and CFD broker said it would use the capital raised to accelerate growth. M4Market plans to enhance its products and services with additional advanced technologies …
CFA Capital Market Awards Recognize Investor Relations as Key to Value Creation in Listed Entities – Adaderana Biz
With the ninth annual CFA Capital Market Awards – which recognize and reward professionals who have set benchmarks for the advancement of domestic capital market players – to be held in June this year, event organizers, CFA Society Sri Lanka, take a look back at the great entities celebrated during the 2021 edition of the …
ODA) increases for the purchase of a vehicle – The Market Herald
Find out more about this capital increase Be the first with news that moves the market Logistics technology company Orcoda (ODA) has raised just over $1.25 million through an equity investment and purchase plan to purchase vehicles for its healthcare division. The company set out to raise more, but chief executive Geoffrey Jamieson told The …
Beware of payday advance promises
High energy and food prices are particularly bad for people who live from payday to payday. In the UK, around 22% of adults have less than £100 in savings, according to a government-backed investigation. In the United States, about 20% of households say they could only cover their expenses for two weeks or less if …
How migrant workers from the Philippines fuel modern capitalism
DR Ferdinand “Bongbong” Marcos Jr can be expected to continue his father’s original labor export policy. What he says goes against all of the state’s presumed commitments. It is an obligation, a democratic and constitutional duty of the state, to provide meaningful and humane jobs in the Philippines. Workers must receive a living wage – …
Beeotto announces the launch of its fundraising campaign
Small investment Big benefit No investment too small How corporate giants are crushing small businesses The company’s revenue model generates revenue when launching the company’s platform A market disruptor in digital advertising and marketing for small businesses This is the most important investment an investor should consider making. A small business owner has the unique …
Rising wages, inflation and the crisis of capitalism
As the global capitalist economy teeters from crisis to crisis, workers are being told that an inflation-matching wage increase will hurt the economy and “fuel” inflation. Inflation is already here. See also Wages are stagnating, falling and have been for a long time, yet part of the ruling class argues that wage hikes will worsen …
Millionaire Explains Why Wants Capital Gains Tax To Be Equalized With Income Tax | Personal finance | Finance
Gemma McGough, one of the founding members, is a successful self-made millionaire in the field of entrepreneurship. She shared with Express.co.uk about the campaign to raise wealth taxes and lower burdens on the working class, saying ‘paying more tax isn’t going to make the rich poorer’. Ms McGough grew up in a working-class family and …
How digital payments benefit workers and employers
Financial insecurity affects millions of workers: 52% of adults in the United States say they usually live paycheck to paycheck. This instability can mean that unforeseen expenses have massive ramifications, forcing some people to take out high-interest payday loans to help cover those costs, driving themselves further into debt. Digital payments can help address these …
Capital gains on rental properties
For many years, owners have been renting out their Portuguese properties for short-term rentals, taking advantage of the high demand from tourists who want to vacation in our beautiful country. Just a few years ago you could rent out your property without too much bureaucracy. Rental income had to be declared on an annual Portuguese …
Bank of Baroda Board approves fundraising up to Rs 2500 cr in FY23
During the meeting of May 13, 2022 The Board of Directors of Bank of Baroda, at its meeting on May 13, 2022, approved the raising of additional capital up to Rs. 2,500 crore through Tier I Debt Capital Instruments (AT I ) or Tier II with option of interchangeability, issued in India/Overseas …
Nigerian capital market closes trades with a gain of N42.7 billion amid weak equity growth
Investors in the Nigerian capital market gained 42.75 billion naira as of the close of business on Thursday. This follows the increase in equity capitalization by 0.15% to close at 28.52 trillion naira, from 28.48 trillion naira reported on Wednesday. With demand for equities still on an upward trend in the capital market, the All-Share …
3DA) Titanium Alloy Powder Factory Plans – The Market Herald
Find out more about this capital increase Be the first with news that moves the market Amaero International Ltd (3DA) secured $11 million to complete the installation and commissioning of the titanium alloy powder plant that the company relies on to bring it to a positive cash position. The 3D additive manufacturing company is also …
Capitalism Without Capital – Intangible Assets Season 1 Episode 4
This episode features the famous British economist and author Jonathan Haskel. He talks about the shift from tangible to intangible assets and how the economy has changed over the past 20 years. The pandemic is kind of a kick for the intangibles program and the vaccine itself is an amazing intangible. We were joined by …
TCP Software Announces Pay-on-Demand Partnership with Clair
AUSTIN, Texas–(BUSINESS WIRE)–TCP software, a leading provider of workforce management and time and labor management solutions, today unveiled a new partnership with Clair, an on-demand payment application leader and a fintech with social impact. Beginning later this year, TCP customers using TCP’s TimeClock Plus and Humanity Scheduling solutions will be able to offer free on-demand …
TBA) funded for gold production – The Market Herald
Find out more about this capital increase Be the first with news that moves the market Tombola Gold (to be determined) announced that it is now fully funded until first gold production from its flagship Mt Freda gold mine in the next quarter. The company raised $10.5 million from a placement priced at 6 cents …
Fasanara Capital raises $350 million for its third venture capital fund
Fasanara Capital, a London-based asset manager and investor, is raising $350 million for a new venture capital fund to support crypto and fintech startups. About $100 million of that amount has already been raised, Francesco Filia, CEO of Fasanara Capital, told The Block in an interview. This is the first time Fasanara will …
What would be the Chinese capital market under the new policy?
Rather than a country on the verge of greatness, China is currently the largest nation in the world. Every region of the planet was penetrated by China peacefully and without interfering in the affairs of states, the Chinese did not fall in their advance or establish subordinate governments and did not participate in military actions …
UK venture capital market review should seek to simplify tax rules
EIS relief is intended to encourage investment in start-up companies. Where certain conditions are met, income tax relief of 30% is available to individuals who invest in qualifying companies on the amount invested up to £1 million in a tax year . The limit is raised to £2 million for an investment in a …
Bill Ackman and Peter Thiel back an investment firm that takes on ‘woke’ capitalism
Pershing Square Capital boss Bill Ackman and tech billionaire Peter Thiel are among investors backing a fledgling fund that aims to lead a movement against politically influenced “stakeholder capitalism”. Called Strive Asset Management, the fund was founded by pharmaceutical investor Vivek Ramaswamy – who is also the author of a bestselling book called “Woke, Inc.” …
Depoliticizing Corporate America: Strive Asset Management Launches to Advance Prime Capitalism Rather Than “Stakeholder Capitalism”
Columbus, Ohio–(BUSINESS WIRE)–Today, Strive Asset Management (“Strive”) launches with a mission to give back a voice to ordinary citizens in the American economy by getting companies to focus on excellence rather than politics. Strive is led by co-founder and executive chairman Vivek Ramaswamy and has raised over $20 million from some of America’s most prominent …
Reduced real estate capital gains tax for some on Yoon’s first day
View of apartments in Seoul on Monday from Lotte Tower in Jamsil. [YONHAP] Capital gains tax for sellers of certain properties will be reduced from Tuesday by the new administration as it works to cool the overheated housing market. According to the Ministry of Economy and Finance on Monday, the additional tax imposed on owners …
Shareholders approve Fidelity Bank’s N0.35kobo dividend and capital raise
Kayode Tokede Fidelity Bank Plc shareholders have unanimously approved the payment of a cash dividend of 35 kobo per share to all shareholders. Shareholders who hailed the bank’s excellent performance at the bank’s 34th Annual General Meeting (AGM) held in Lagos also authorized the Board of Directors, among others, “to undertake as it sees fit …
Nigeria’s SEC offers an all-digital capital market
The Securities and Exchange Commission (SEC) is offering guidelines that will allow capital market investors to do virtually everything they need to do on their internet-connected devices and at their convenience. These are contained in a guideline on Minimum Information Technology Operating Standards for Capital Markets Operators (CMOS) recently released to the public. According to …
Top tips for raising capital
Finding the right financing is a key part of any successful business’ growth journey. Most business operators know the basics – a solid business idea/plan, strong management team, expansion opportunities, good operating systems, etc. However, the fundraising process can also have hidden risks and can actually hurt the business if something goes wrong.” Our sales …
FINANCIAL LITERACY NEW LEAP A1 |
Studies have long shown that high school students are woefully misinformed about personal finances and how to manage them. But the COVID-19 pandemic, which has revealed how many American adults are living on the financial edge, has spurred ongoing efforts to make financial literacy classes a school requirement. Seven states now require a stand-alone financial …
The overthrow of crony capitalism
If Karl Marx and Friedrich Engels were somehow transported to the present day and given a newspaper, the apparent absence of class conflict would probably make revolutionaries believe they had won. They would see a society divided on all sorts of issues – from identity politics to the right COVID-19 strategy – but virtually silent …
Citizens Financial: It’s time to make a choice between income and capital gains (NYSE: CFG)
JHVEditorial photo/iStock via Getty Images Introduction Citizen Financial (NYSE: CFG) is a bank headquartered in Rhode Island that serves customers in 11 states through 900 branches. The bank has recently strengthened its presence with the acquisition of 80 HSBC branches (HSBC) in New York, the mid-Atlantic region, and southeast Florida. This immediately increased the amount …
Governor Hochul Signs Legislation Strengthening Consumer Protections and Addressing Inequities in the Financial Services System
Governor Kathy Hochul today signed legislation that strengthens consumer protections and addresses inequities in the state’s financial services system. The legislation (S.1684/A.8293) directs the Department of Financial Services to conduct a study of underbanked communities and households in New York City and make recommendations to improve their access to financial services. The legislation (S.4894/A.1693) protects …
NGX will make the capital market attractive to retail investors—Mahmoud
By Adedapo Adesanya The Nigerian National Petroleum Company Limited (NNPC) and leading energy and infrastructure conglomerate, Sahara Group, have taken delivery of two 23,000 CBM liquefied petroleum gas (LPG) vessels. The delivery took place Monday at the Hyundai MIPO shipyard in Ulsan, South Korea, with plans to add 10 vessels over 10 years to improve …
Negative debt and capital gains tax breaks benefit high earners and men
Under the Greens’ current policy of allowing a single investment property to be negatively biased, the Australian government could save $63 billion over a decade, Bandt claims. “In the balance of power, the Greens will kick out the Liberals and push Labor to solve the housing affordability crisis.” Labor dropped its position on abolishing negative …
Stories of entrepreneurial capitalism through our 39 international editions
Around the world, licensed editions of Forbes magazine covers five continents, 25 languages and 13 time zones. They all share the same mission: to celebrate entrepreneurial capitalism in all its forms. Here’s a global perspective on the real-time business landscape. Manuel Antelo Alex Milberg ARGENTINA “It hurts to see a country with such potential so …
Non-Fungible Tokens (NFTs) and the Future of Capital Raising in Africa – TechEconomy.ng
Since January, I have been approached by investors and project leaders seeking to finance projects or close deals. At the same time, I tried to estimate using the available data the gap between infrastructure funding and energy funding. The figure we used is $250 billion a year by 2025. Given that Africa’s population is expected …
Rookie prepares to drill in Burkina Faso – The Market Herald
Find out more about this capital increase Be the first with news that moves the market Sarama Resources (SRR) is mobilizing its team and drill rigs on its gold projects in Burkina Faso following its market entry. The company began trading on the ASX this week, with shares trading between 19 cents and 22.5 cents …
Non-Fungible Tokens (NFTs) and the Future of Capital Raising in Africa (by Kelly-Ann Mealia)
By Kelly-Ann Mealia, Co-Founder and President, Energy Capital & Power (www.EnergyCapitalPower.com). Since January, I have been approached by investors and project leaders seeking to finance projects or close deals. At the same time, I tried to estimate using the available data the gap between infrastructure funding and energy funding. The figure we used is $250 …
Definition, 2022 tax rates, examples
Capital gains are profits derived from the sale of a good: financial investments, real estate, movable property or collectibles. Capital gains are either long-term or short-term, depending on how long you’ve held the asset (more or less than a year). Short-term capital gains are taxed as ordinary income, while long-term capital gains are taxed at …
CFPB seeks information on ‘unwanted fees’ charged by providers of consumer financial products or services | Hudson Cook, LLP
On January 26, the Consumer Financial Protection Bureau issued a “Request for Information Regarding Fees Charged by Providers of Consumer Financial Products or Services.” In a contemporary statement, CFPB Director Rohit Chopra described the request for information as the start of “a new effort to help American families save billions of dollars in unwanted fees …
Chief finance candidate calls for delaying taxation of stock gains and virtual assets
Korea’s finance minister candidate Choo Kyung-ho on Monday spoke of the need to delay the planned taxation of capital gains from financial investments and cryptocurrencies by two years until 2025. . From next year, the government plans to levy the 20% capital gains tax rate on financial investments, including stocks, bonds and funds. For equity …
Parthian Securities Investment Clinic examines pre-election impact on capital market
Four months after the first edition of its free investment clinic titled “Bears & Bulls Series”, Parthian Securities on April 28, 2022 held another insightful session on the topic: “Equities, Bonds & Bills: Q1 review and H1 expectations”. The session reviewed the fixed income and equity market performance for the first quarter of 2022 in …
The failures of stakeholder capitalism
Those concerned with creating a fairer and more sustainable market system tend to think of things like “ESG” (environmental, social and governance issues) investing and “stakeholder capitalism”. But what they have to start thinking about is power. Consider Elon Musk’s purchase of Twitter. Tesla ranks above average on many metrics counted by JUST Capital, an …