After an international career in finance, a rapid political rise and high profile as chancellor of the exchequer during the pandemic, Rishi Sunak must have expected the full-throated backing of the financial sector when he made a bid to lead the Conservative Party and the UK. Instead, it’s Liz Truss […]
Finance & Insurance
China Bad Debt Managers See Earnings Tank on Property Losses
(Bloomberg) — China Huarong Asset Management Co. and China Cinda Asset Management Co., the nation’s two largest state-owned distressed debt funds, reported a slump in first-half earnings as credit impairments surged on a deepening property crisis. Most Read from Bloomberg Net income for the first six months at Cinda dropped […]
Seniors and students become housemates as rents soar
082922-students-seniors-live-together_hero_43_1280x960_v20220826112146 Catherine Tordoff is an independent 65-year-old from Toronto, who enjoys spending her time volunteering and socializing with her friends. But Tordoff would appreciate some help — both physically and financially. “I am completely independent. But I don’t have the greatest of backs, and things like cleaning out the bathtub […]
Charting a Course To Save for Your Dreams
No matter where you are in your career journey, you will find valuable information on managing your money and saving for retirement during Financial Fitness Week from September 12-15. After a pause due to the pandemic, the series of live virtual workshops on a range of personal finance topics will […]
Why giving up your life and income insurance could be a costly mistake
Why giving up your life and income insurance could be a costly mistake: Concern grows as more households ditch cover amid cost-of-living crunch Soaring bills have led to what’s being coined as ‘the Great British Cutback’ Experts fear families are being too quick to scale back on essential insurance It […]
Exclusive-Attacks on major Iraqi gasfield drive out U.S. contractors
By Amina Ismail and Maha El Dahan ERBIL (Reuters) – A series of rocket attacks on a gasfield in northern Iraq has sent the U.S. contractors working on its expansion packing, dealing a blow to the Kurdish region’s hopes of boosting its revenues and offering a small alternative to Russian […]