Many Americans are on the financial edge

Many Americans are on the financial edge

On Tuesday, the Federal Reserve released its 2017 report on the economic well-being of U.S. households. With the economy in its tenth year of expansion following the financial crisis-induced recession, things are getting better — on balance — as you’d expect. When the Fed did this survey in 2013, 13% of respondents said they were […]

Saudi finance ministry sells 3.95 bln riyals of domestic sukuk

Saudi finance ministry sells 3.95 bln riyals of domestic sukuk

RIYADH, May 27 (Reuters) – Saudi Arabia’s finance ministry sold 3.95 billion riyals ($1.05 billion) of domestic sukuk in its monthly sale by re-opening an issue originally made last month, the ministry said. It sold 3.35 billion riyals of five-year sukuk, 350 million riyals of seven-year and 250 million riyals of 10-year. Last month, the […]

Story of Malaysia's 1MDB, the Scandal That Shook the World of Finance

Story of Malaysia's 1MDB, the Scandal That Shook the World of Finance

Malaysia’s state-owned investment fund, 1MDB, was supposed to attract foreign investment. Instead, it has spurred criminal and regulatory investigations around the world that have cast an unflattering spotlight on financial deal-making, election spending and political patronage under former Prime Minister Najib Razak. A Malaysian parliamentary committee identified at least $4.2 billion in irregular transactions related […]

The personal finance lessons of brunch

The personal finance lessons of brunch

Me, I’m not a brunch guy. I don’t eat eggs and that makes brunch a writeoff. Will that be pancakes or waffles? Syrup on top, or the usual gnarly slices of unripe fruit? Others adore brunch – or at least they adore talking about it. The other day, I read a defence of brunch on […]

Conservatives pick Morneau, Hussen for marathon grillings on finance, immigration

Conservatives pick Morneau, Hussen for marathon grillings on finance, immigration

Finance Minister Bill Morneau listens to a question during a news conference in Ottawa last week. CHRIS WATTIE/Reuters Bill Morneau and Ahmed Hussen will each face a four-hour grilling on the floor of the House of Commons this week as the Conservatives target the ministers of finance and immigration. Once a year, the Official Opposition […]

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