In response to the rejection of low-credit survey lenders by the Korea Institute of Finance, up to 790 billion won was used as illegal private finance, one in 10 low-credit young people “knock” 사진 확대 AI’s image of a young man using illegal private finance It was analyzed that up to 61,000 people were driven to the illegal private financial market last year due to weak sales of lenders. As employment became more difficult, the use of illegal private finance by young people was also increasing. Some advise that measures are needed, such as introducing a flexible maximum interest rate…
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Frank Eckard, CEO of a German magnet maker, has been fielding a flood of calls in recent weeks. Exasperated automakers and parts suppliers have been desperate to find alternative sources of magnets, which are in short supply due to Chinese export curbs. Source link
WASHINGTON (AP) — President Donald Trump announced Wednesday that China will make it easier for American industry to obtain much-needed needed magnets and rare earth minerals, clearing the way for talks to continue between the world’s two biggest economies. In return, Trump said, the U.S. will stop efforts to revoke the visas of Chinese nationals on U.S. college campuses. Trump’s comment on social media came after two days of high-level U.S.-China trade talks in London. Details remain scarce. Trump didn’t fully spell out what concessions the U.S. made. Beijing has not confirmed what the negotiators agreed to, and Chinese President…
Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let’s have a look at First Bancorp (NASDAQ:FBNC) and its peers. Regional banks, financial institutions operating within specific geographic areas, serve as intermediaries between local depositors and borrowers. They benefit from rising interest rates that improve net interest margins (the difference between loan yields and deposit costs), digital transformation reducing operational expenses, and local economic growth driving loan demand. However, these banks face headwinds from fintech competition, deposit outflows to higher-yielding alternatives, credit deterioration (increasing loan defaults) during economic slowdowns, and regulatory…
The Bank of Japan is set to keep interest rates steady at 0.5% on Tuesday.The focus will be on the BoJ’s JGB purchases tapering plan as well as any hints on the timing of the next rate hike.The BoJ policy announcements are expected to significantly impact the Japanese Yen.The Bank of Japan (BoJ) is widely expected to leave the short-term interest rate unadjusted at 0.5% after the two-day June monetary policy review ends on Tuesday.In the absence of quarterly economic projections, all eyes will be on the BoJ’s plans on tapering its Japanese government bond (JGB) purchases and hints on…
Rare earths are among the most critical raw materials on the planet, deeply embedded in the technologies that underpin modern life. Yet few people have heard of them or know what they do. Source link
Friday, 6 September 2024 There is an increasing willingness to consider investing in new nuclear projects – but issues remain around the lengthy investment timelines and perceived regulatory risks, a panel at World Nuclear Symposium heard. The panel Capitalising on Interest – Mobilising finance to accelerate deployment, heard from Vicki Kalb, Global Head of ESG and Sustainability Research at UBS, that until recently “we would not have been able to have a conversation with investors about nuclear … literally we would have been laughed out of the room and that was particularly true of the ESG investor community. But that radically changed a…
An internal investigation has uncovered a rather inconvenient truth – that Logan City isn’t as ‘carbon neutral’ as we once thought. When a local councillor was tasked with finding the bang-for-buck of international carbon credits, which have cost ratepayers millions of dollars over the last three years, he came up empty handed. It seems not one tree was planted, nor one item of landfill removed from our oceans. “The money we’ve spent overseas on carbon neutrality doesn’t do anything to enhance our natural areas or improve the quality of life for people in Logan. Worse still, we couldn’t confirm how…
The Voluntary Carbon Market Company (VCM) and Enowa, NEOM’s energy and water arm, have struck a landmark deal to deliver at least 30 million tonnes of high-integrity carbon credits by 2030. This long-term agreement shows Enowa’s promise to offset its unavoidable emissions. It also supports global climate action. This is especially true for projects in the Global South, which gain stable, long-term funding. The first delivery occurred in December 2024. VCM launched Saudi Arabia’s first carbon credit exchange in November 2024. It was founded by the Public Investment Fund (PIF) with 80% ownership and the Saudi Tadawul Group with 20%.…
By Ronda Kaysen | The New York Times As 2025 began, the stars were aligning for a housing market rebound. Inflation was easing, the economy looked strong, and mortgage rates were drifting downward. By April, there were more available homes to buy than at any time since January 2020, according to the Federal Reserve of St. Louis. The conditions were ripe for buyers to reemerge, checkbooks in hands, and sellers to negotiate. Then April 2, President Donald Trump rolled out his expansive global trade tariffs, shocking the stock and bond markets and sparking fears of a recession. Mortgage rates jumped…