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Tag-Archive for ◊ finance ◊

Candidate profile: Alim Lakhiyalov, VP Finance
Wednesday, March 08th, 2017 | Author:

Although Alim Lakhiyalov is running unopposed for the position of AMS VP Finance, he still has an extensive platform prepared and a host of relevant experience. A fourth-year cognitive systems and computer science major, Lakhiyalov is campaigning on a platform that includes creating a long-term sustainable financial plan, implementing professional development programs for students, and integrating financial systems and expanding their usage to all clubs and constituencies.

“Financial systems help the smaller clubs actually generate more revenue,” said Lakhiyalov. “This year, I was fortunate enough to firsthand see the benefits of financial systems … I want to expand that.”

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Greece will need a fourth bailout as its debts remain utterly unsustainable despite years of austerity and attempted reforms, according to GeorgePapaconstantinou, a former Greek finance minister.

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MONTPELIER, Vt. (AP) – A new joint committee formed to analyze the current state of Vermonts campaign finance law is holding its first public forum.

The event takes place Thursday at 5:30 pm at the Montpelier City Hall.

Vermont Attorney General TJ Donovan says the committee will meet to discuss its plans and hear comments and concerns from the public.

Donovan and Secretary of State Jim Condos last month announced the panels launch as a step toward encouraging compliance with current law and creating solutions to address potential shortcomings with the states campaign finance system.

Donovan will convene the committee meeting and be available for questions. The public is encouraged to attend.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Polish, French, German finance ministers meet
Saturday, March 04th, 2017 | Author:

Polish Finance Minister Mateusz Morawiecki met with his French and German counterparts on Wednesday in Paris.

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The other pieces of legislation he proposed relate to transparency in campaign finance. The SUN Act requires the IRS to disclose the identity of donors that give more than $5,000 to tax-exempt electioneering groups, thus illuminating dark money in politics. The Senate Campaign Disclosure Parity Act requires senate candidates to e-file their campaign finance reports.

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Twitter can’t seem to stop the management bleeding, which is complicating its attempts to pull off a turnaround after a tough year of layoffs and sinking share price.

Yesterday its head of entertainment talent Lara Cohen, a major figure leading partnerships with content creators, left the company. Today, a director of finance David Bicknell is departing, though he’s more of a middle manager. Twitter declined to comment.

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From digital currency to machine learning, the financial industry is being rocked by exponential technologies. Blockchain, artificial intelligence, big data, robotics, quantum computing, crowdfunding, and computing systems are allowing startups to solve consumer needs in new ways.

The downfall of the world’s largest institutions may not be imminent, but these new technologies are breaking up the previously rock solid foundation of finance, and allowing the fintech world to spring through the cracks. What’s happening now will rewrite the future of finance for years to come. By recognizing this reality and planning for it now, financial professionals can learn to thrive in an increasingly uncertain global economy.

Singularity University’s Exponential Finance was created to bring the financial services and tech industries together in a deliberate and meaningful way. Now, in 2017, Exponential Finance is the definitive place to learn, connect and collaborate with fellow financial leaders to reinvent the financial industry.

Exponential Finance 2017 will be held June 7-9 at the Marriott Marquis at Times Square in New York City. The event will feature world-renowned leaders who will share their insights on how exponential technologies are impacting the financial industry, as well as how you can grab a seat at the table.

CNBC’s Bob Pisani will emcee, and speakers will include the likes of Mary Harman (Enterprise Payments Executive at Bank of America) discussing the latest trends in digital banking, Anju Patwardhan (Senior Partner at CreditEase Fintech Investment Fund and Member of Global Future Council on Blockchain at World Economic Forum) on blockchain and the future of our digital identities, and Peter Randall (CEO at SETL) on capital markets and digital banking.

These individuals will be joined by Peter Diamandis (Co-founder and Chairman at Singularity University), Ray Kurzweil (Co-Founder and Chancellor at Singularity University), Angela Strange (Partner at Andreessen Horowitz), Jane Barratt (Founder amp; CEO at GoldBean), Bill Bachrach (Financial Advisor Trainer), Lisa Kay Solomon (Managing Director of Transformational Practices at Singularity University) Neil Jacobstein (AI and Robotics Chair at Singularity University), John Bowen (Founder and CEO at CEG Worldwide), Roman Chwyl (Head of Financial Services Google Cloud), Ric Edelman (Chairman and CEO at Edelman Financial Services), Ashish Gadnis (Co-founder at BanQu, Chair of Financial Inclusion Working Committee at Wall Street Blockchain Alliance), and many others.

As Peter Diamandis wrote in his book Abundance, “Technology is a resource-liberating mechanism. It can make the once scarce the now abundant.” It’s this sentiment that drives Singularity University to produce Exponential Finance–to connect individuals and organizations and to share knowledge that will liberate resources and create abundance.

Exponential Finance will give participants an interactive and collaborative experience, and will send them home with an understanding of what the future will look like and how to act on it immediately. Participants will have the opportunity to see demos from more than 30 groundbreaking technology companies while connecting with business leaders from leading firms across the industry.

Apply here to join Singularity University and the world’s most forward-thinking financial leaders at Exponential Finance this June. Save up to 15% as a Singularity Hub reader.

Image Credit: Shutterstock

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Islamic Finance Gateway Daily Briefing
Tuesday, February 28th, 2017 | Author:

Thursday, February 23, 2017 – The Islamic Finance Gateway (IFG) Briefing, published from Sunday to Thursday, carries the latest market-moving news and data for institutions offering Islamic financial services. You can view the full IFG briefing via http://bit.ly/2dQ7UrH under IFG Briefings Subject. EDITORS CHOICE New fintech challenge seeks ethical, responsible, Islamic innovations

RFI Foundation, Swiss France + Technology Association and Finocracy have launched a new challenge to find ethical, responsible or Islamic fintech innovation. – Salaam Gateway UPDATE 1-Regulators keen to sign off global bank rules despite Trump uncertainty

Members of the Basel Committee of banking regulators are keen to reach an agreement on the final piece of global capital requirements rules sooner rather than later despite US President Donald Trumps pledge to review the banking rule book.- RTRS Indonesias big banks told to submit plans for coping with a crisis

Indonesias biggest banks must write up plans for recovering from potential insolvency, a measure to ensure that authorities do not have to bail them out, the chairman of the banking regulator said on Wednesday.- RTRS ———————————————————— The Islamic Finance Briefings cover all the latest news, data, quotes and industry announcements you need. They also include Islamic Interbank Benchmark Rates, major FX and equity market movements and indicators for all sharia-compliant asset classes. To subscribe to the IFG Briefings use this link: http://online.thomsonreuters.com/ifg To subscribe to the IFG Community, use this link: https://www.zawya.com/zawya-islamic-community We value your feedback, contact us at IFG@thomsonreuters.com (Prepared by Tina Kwan) A service of Thomson Reuters and Zawya Islamic Finance Gateway. The contents of this Briefing are independently compiled by the Thomson Reuters and Zawya Islamic Finance Gateway Service, a business of the Global Growth and Operations Division. While material is drawn from Reuters News and other sources, Reuters has not participated in the selection of these articles.

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Jayakumar appointed Tamil Nadu Finance Minister
Monday, February 27th, 2017 | Author:

In a minor reshuffle, Tamil Nadu Chief Minister Edappadi K. Palaniswami named D. Jayakumar as Finance Minister. Mr. Jayakumar will now head the Finance, Planning, Legislative Assembly, Elections and Passports, Personnel and Administrative Reforms and Personnel and Administrative Reforms (training) departments in addition to his current Fisheries portfolio. He has now been redesignated Minister for Finance and Personnel and Administrative Reforms, a Raj Bhavan release said. Mr. Palaniswami was holding the portfolios allocated to Mr. Jayakumar.

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The Toledo Lucas County Port Authority board of directors voted today to participate in financing an expansion of the NFL Hall of Fame in Canton, Ohio.

The port will cooperate with the Stark County Port Authority and National Football Museum, Inc., which operates the Pro Football Hall of Fame and Museum, to develop a commercial, educational and recreational complex.

The $500 million project in Canton, to be known as Pro Football Hall of Fame Village, is expected to be under construction for more than five years.

The port authority will issue up to $4 million in tax-exempt bonds, according to the resolution, which was unanimously supported.

Port Authority President Paul Toth Jr. said the port authority provided similar financing assistance to the Cleveland Cavaliers for development of new practice facilities. He said the Hall of Fame project is one of the most complex public redevelopment projects he’s ever been involved in.

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