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Economy & Finances

Aviva: UK: Two thirds of advisers see an increase in number of active clients


69% of all advisers have seen the size of their ‘active’ client base increase 61% advisers see an increase in the demand for advice from 55-65s Two thirds (67%) recommend a mix of income drawdown and annuity to clients Four out of five (79%) advisers continue to offer independent financial advice Over half (58%) of advisers now use more than three platforms The 2014 Budget reforms (58%) and the growth of the At Retirement market (56%) remain key opportunities Regulatory fees and levies still the biggest concern (49%) Additionally... Read More »

Songwon Industrial Group announces Financial Results for Q3/2014


Songwon Industrial Group (www.songwon.com) today announced its audited financial results for Q3. The Group achieved sales of 164,868 Mil. KRW. When compared to sales in Q3/2013 (Mil. KRW 175,800), revenue declined by 6.2%. In Million KRW Q3 YTD September 2014 2013* ∆% 2014 2013* ∆% Sales 164,868 175,800 -6.2% 500,675 523,102 -4.3% Gross profit 25,944 31,292 -17.1% 70,197 95,800 -26.7% Gross profit margin 15.7% ... Read More »

CBS: Statistics Netherlands: declining sales clothing shops have negative effect on retail turnover


Slumping sales clothing shops, but some non-food branches perform relatively well After marginal growth in August, turnover realised by non-food shops in September was nearly 4 percent down from September last year, mainly due to lower sales. After positive results in August, clothing shops and textile supermarkets faced dramatic loss of turnover in September, a month dominated by relatively mild, dry and sunny weather conditions. Household appliances shops also recorded lower turnover figures. In the other non-food branches, turnover increa... Read More »

Noble Capital holds state of the Company Meeting for Q3 2014


Noble Capital, the premier private lending network in Texas, held their Q3 2014 State of the Company meeting at Sullivan's Steakhouse on Wednesday, November 5, where they announced that their loan portfolio was 83.75% larger than this time last year. To view the entire video presentation of the event, please call Noble Capital at 512-492-3810. The purpose of the event was to reveal financial performance for the quarter and detail the future vision of the company to members of Noble Capital's Private Lender Network. "Our lenders are a part... Read More »

MasterCard outlines plans to end the use of passwords in online payments


The company has been leading the co-creation of a new authentication standard, which when adopted, will be the largest wholesale upgrade to online payment security. It will benefit consumers, banks and merchants alike, with invisible authentication and far fewer prompts for passwords. By 2018, payments on mobile devices are expected to represent 30% of all online retail[1}sales and therefore the new standard will move security infrastructure beyond the PC era, supporting emerging technologies and changing consumer needs. MasterCard’s appr... Read More »

The Bank of Moscow together with the MasterCard International Payment System has launched the campaign “300 roubles to the Pension Card account as a gift”


To become a participant, it is necessary to file an application for opening of a MasterCard® Pension Card of the Bank of Moscow, collect the card within the period from 1 to 30 November 2014, and until 10 December make purchases to the amount of more than 2,000 roubles paying by this card. The campaign results will be summed up on 25 December 2014 and the first 4,000 participants who have fulfilled the conditions will get 300 roubles to the card account as a gift. Residents of Moscow, the Moscow Region and the Kursk Region can take part in the ... Read More »

Largest ever EIB loan provides GBP 1.5 billion for National Grid investment


“Investment in the UK electricity transmission network is essential to prepare for future demand, connect new sources of renewable energy and upgrade old facilities. This agreement, the largest ever single loan to be provided by the European Investment Bank, reflects both the scale of energy investment needed and National Grid’s own experience in implementing such a diverse capital investment programme.” said Jonathan Taylor, European Investment Bank Vice President. Malcolm Cooper, Global Tax and Treasury Director at National Grid highlighte... Read More »

BGL BNP Paribas innovates with a digital signature solution for tablets


By the end of the year, 40 branches in the bank’s network will be equipped with the technology. Instead of signing everyday transaction documents on paper, clients can now do so using tablets. Once the electronic document has been signed, it is immediately archived and quickly made available in the client’s “webbanking” space. The result is enhanced efficiency and quality. With the new solution, which will be extended to other processes including new client relationships and the signature of contracts, BGL BNP Paribas aims to further improv... Read More »

Juncker ‘serene’ over Luxembourg tax scandal


The Luxembourg Leaks shed light on 343 international companies, including Ikea, Deutsche Bank and Pepsi, who all benefited from secret tax deals with the Grand Duchy in order to pay as little tax as possible on their global profits. So far, the EU commission has launched formal investigations into potential illegal state aid given by Luxembourg to two companies - Fiat Finance and Amazon - but the spokesman said the new competition commissioner, Margrethe Vestager, "has all the freedom" to pursue new cases. Jean-Claude Juncker, currently c... Read More »

EU to unveil capital markets plan in 2015


Speaking at a conference of financial sector leaders and EU officials on Thursday (6 November), Jonathan Hill said that he would present an "action plan" by summer 2015 which would serve as a "roadmap to developing an ambitious capital markets union." The EU executive would also launch a public consultation involving the financial sector, politicians and NGOs, said Hill. "We still do not have a fully functioning single market for capital," he added. As the EU's new financial services commissioner, Hill has been tasked with developing a so... Read More »

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