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Posts sent on: 2013-09-02

Sep022013

Real-world Applications Of Behavioral Finance









The NCD issue has 11 investment options and effective yield of up to 12.55 per cent per annum with an option for early closure, Muthoot Finance said in a statement. The NCD issue aims at aggregating up to Rs 150 crore with an option to retain over-subscription of up to Rs 150 crore, it said. Muthoot Finance, is one of the largest gold financing company in India, with a market share of over 20 per cent as of March 31, 2012. The entity has 4,163 branches and employs about 24,945 people. Story first published on: September 02, 2013 22:55 (IST)








Both DFM and NASDAQ Dubai have been active in the push to bolster the Islamic financial services sector. In January, the DFM released new draft standards for the structuring of sukuks, calling for industry comments. The hope is that new regulations, if adopted more broadly, would attract investors to the emirate. Bahrain and Malaysia have both built up their positions in the Islamic finance sector in part by establishing regulatory regimes that are now influential worldwide. Then in May, NASDAQ Dubai announced it was adding a platform that would allow trading of both Islamic and conventional bonds. The new system is expected to boost transparency and liquidity, as prices of NASDAQ Dubai-listed bonds will now be visible to all investors at the same time.








Most of their suggestions are complements to traditional quantitative methods of evaluating investments. Although some behavioral finance biases are hard to correct, here are two easy strategies to help you become more rational: Find a partner: Investors should consult partners or objective parties so that they can talk through their investments. Objective parties can help better assess risk and might not be affected by the same biases. Keep track of investments: Investors should keep track of the investments they make as well as the investments they do not make. By keeping track of investments, investors might be http://www.firstfinancialuk.com able to identify their illogical tendencies. While behavioral finance can be used to minimize investors mistakes, it can also be used to take advantage of others missteps.




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Sep022013

Finance Chairman Set To Take Helm Of Nh Senate









He said New Hampshire has to determine if it is in the state's best interest to expand the program and, if so, how. "I think we should have what works for New Hampshire. If that's nothing, so be it. I don't know that yet," he said. At Bragdon's insistence, a special Medicaid expansion study commission was established as a compromise in the First Financial budget debate. Democratic Gov. Maggie Hassan and the Democrat-led House wanted to authorize Medicaid expansion in the budget bill, but the Republican-led Senate insisted on establishing a commission to study the issue first.




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Sep022013

Mideast Money-islamic Finance Down, Not Out In Post-mursi Egypt









The image of political Islam has been severely damaged in the eyes of many Egyptians by Mursi's troubled year in office and his weak management of the economy. But long-term demand for Islamic financial services has not necessarily changed. Only around 10 or 15 percent of Egyptians use formal banking services, analysts estimate; this implies great potential for growth in both conventional and Islamic finance, and sharia-compliant banking could be a way to draw many people into the formal financial system. Abdel Rahman Al Kafrawi, head of Islamic transactions at Principal Bank for Development and Agricultural Credit (PBDAC), said he had noticed no negative impact since July on business at the 18 PBDAC branches offering Islamic finance. The state-run bank, which caters to Egyptian farmers, launched sharia-compliant retail banking earlier this year, setting aside an initial 50 million Egyptian pounds ($7.1 million) to provide financing for the purchase of durable goods, agricultural equipment and education fees. "Such needs never cease to exist regardless of politics or macroeconomics, and hence no negative impact has been felt or is expected," he said. SUKUK Mursi's government fought a six-month battle to pass a law clearing the way for sovereign sukuk issues, overcoming a bitter controversy over the use of state-owned assets to back sukuk. Officials then talked of Egypt making a debut international issue of Islamic bonds this year, and of raising $10 billion a year by selling sukuk.







Finance chairman set to take helm of NH Senate




Photo / Brett Phibbs A former director of failed Gisborne finance firm Rockforte has pleaded guilty to nine fraud charges. Rockforte Finance was placed into receivership in May 2010, calling on the Crown Retail Deposit Guarantee Scheme to repay $3.2 million to 77 mum-and-dad investors. Receivers said in December last year that the Government was likely to recover less than 3c in the dollar and unsecured creditors - owed $234,070.67 - were likely to get nothing back. After a 13-month investigation the Serious Fraud Office laid 92 charges against three men involved with the company. One of the men, 52-year-old former banker Colin Mark Simpson has pleaded guilty to nine charges, including those for theft by a person in a special relationship, obtaining by deception, and false statement by promoter. Some of these charges have a maximum penalty of ten years in First Financial jail and Simpson will appear in the High Court at Gisborne for sentencing on 26 September. Two other Rockforte directors, Nigel Brent O'Leary and John Patrick Gardner, are due to go to trial later this month. The SFO alleges the men allegedly used a "significant portion" of investors' money to fund their own personal business interest in Gisborne Haulage and Michael Ward 1969, which operated the Jean Jones womenswear label throughout New Zealand.







Finance boss pleads guilty to fraud charges




"There's no text book on how to run the Senate presidency," he said. He doesn't expect to make many changes but wants to talk to people after Tuesday's vote about issues including whether New Hampshire should expand Medicaid to an estimated 49,000 poor adults and where to find revenue for highway improvements. Morse was a co-sponsor of a casino gambling bill this year that earmarked some funding for highway improvements. The bill passed the Senate but died in the House. The House instead passed a bill phasing in an increase in the gas and diesel tax for road fixes. "I'm still totally opposed to the gas tax. I think it will stall the economy," Morse said. That could affect Sen. Jim Rausch 's plan to file legislation raising the gas tax to pay for highway improvements.




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