Tokyo, Sydney move to lure Hong Kong financial firms, but Singapore is top draw, Banking News & Top Stories

frank lamjus

HONG KONG (REUTERS) – Japan, Australia and some other nations are readying incentives to attract banks and asset managers in Hong Kong that are worried about the new security law imposed by China, but finance sector experts said even if they move, it will be to Singapore.

High taxes and costs, bloated bureaucracies and cultural differences in some of these Asia-Pacific nations present formidable challenges for the Hong Kong financial institutions to relocate even partially, while Singapore’s similarities to Hong Kong give it an advantage, they said, though the South-east Asian city-state has not actively been seeking such business.

Beijing imposed a tough national security law from July 1 on Hong Kong, regional home to many global financial groups, prompting companies to reassess their operations there.

Hong Kong’s financial regulators said last week they had been approached by institutions concerned about the law, but they said it would not affect

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Digital Financial Services partners with MoneyGram to offer eWallet services in the UAE | News

frank lamjus

Digital Financial Services LLC has partnered with MoneyGram to offer international remittance services in the UAE.

Digital Financial Services LLC is a joint venture between Etisalat and Noor Bank and was acquired earlier this year by Dubai Islamic Bank.

With this partnership, eWallet customers can make international money transfers in real-time to friends and family in over 200 countries and territories worldwide through an expansive network of mobile wallet operators, bank account deposit services, and over 350,000 walk-in locations.

“eWallet continues to be an innovative solution that uplifts the way UAE residents conduct financial transactions today. Our partnership with MoneyGram will further enrich our consumers with the state-of-the-art customer service experience which MoneyGram is renowned for and will boost our future expansion plans,” said Ahmed Al Awadi, chairman of Digital Payment Services.

Regulated and licensed by the Central Bank of the UAE, eWallet is a revolutionary digital payment service aimed

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Your Personal Trainer: Working out when sick

frank lamjus

Q. I get frequent sinus infections and head colds. I feel like it’s OK to continue my workouts but my wife says I should be resting. Who’s right?
Rob W.

Oh boy, I don’t want to get in the middle of a marital “discussion” (not even my own)! Fortunately, you’re both right – depending on what ails you. First, please understand I’m not a doctor (though my mother would be so proud), so do not take any of my examples as medical advice. You should always consult with a medical professional whenever possible, especially if you have underlying conditions.

For your stated situation — head colds and sinus issues — you can usually ontinue to exercise, though you may wish to consider a slightly less vigorous workout depending on what you like to do.

The general rule of thumb in exercise circles is that if you’re sick from the

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Hope For U.K. TV And Film Production As Government Launches $650 Million Fund

frank lamjus

U.K. Chancellor of the Exchequer Rishi Sunak and Minister for Digital, Culture, Media and Sport Oliver Dowden have announced a new £500 million ($650 million) fund designed to assist domestic film and TV productions that are struggling to access Coronavirus related insurance.

The announcement comes less than 30 days after the Chancellor declared a £1.5 billion ($1.9 billion) pot to help save the U.K.’s arts industry from collapse due to being hit particularly hard from the pandemic and subsequent lockdown. 

The stop in productions led to many film and TV freelancers not being able to get back to work. Many of the schemes

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Intevac Announces Second Quarter 2020 Financial Results

frank lamjus

SANTA CLARA, Calif.–(BUSINESS WIRE)–Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the quarter and six months ended June 27, 2020.

“We are pleased to report profitable second-quarter financial results, demonstrating excellent execution by our team in delivering strong levels of business to our hard disk drive (HDD) customers and a record quarter in Photonics,” commented Wendell Blonigan, president and chief executive officer. “In light of the constraints placed on our operations and supply chain as a result of the COVID-19 pandemic, our financial results are indicative of the essential role Intevac plays within the critical IT and Defense infrastructure sectors. While 2020 will be an immensely challenging year overall, we are on very strong financial footing and further strengthened the balance sheet in the second quarter, increasing total cash and investments to $45 million. In our Thin-film Equipment (TFE) growth initiatives, we continue to experience pandemic-related delays

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Is Moneygram International (MGI) a Great Growth Stock?

frank lamjus

Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.

One such company that might be well-positioned for future earnings growth is Moneygram International, Inc. MGI. This firm, which is in the Financial – Miscellaneous Services, saw EPS growth of 55.3% last year, and is looking great for this year too.

In fact, the current growth estimate for this year calls for earnings-per-share growth of 36.2%. Furthermore, the long-term growth rate is currently an impressive 15%, suggesting pretty good prospects for the long haul.

Moneygram International, Inc. Price and Consensus

 

Moneygram International, Inc. Price and Consensus | Moneygram International, Inc. Quote

And if

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Forbes Names Mercury Insurance One of ‘America’s Best Employers for Women’ for 2020

frank lamjus

LOS ANGELES, July 28, 2020 /PRNewswire/ — Mercury Insurance (NYSE: MCY) has been named to Forbes magazine’s “America’s Best Employers for Women 2020” list, which consists of 300 companies selected based on recommendations from employees who rated a number of criteria, including atmosphere and development, wages, diversity, parental leave, family support and flexibility.

“Mercury strongly values diversity in the workplace and we believe we’ve created an environment where everyone feels empowered to excel professionally,” said Heidi Sullivan, Mercury Insurance Vice President, Chief Human Capital Officer. “We’re proud to say nearly half of our leadership roles are filled by women. It’s an honor that the women on our team see Mercury as a place where they want to work, build their careers, and even recommend to their friends and family to come work, too.”

Forbes partnered with market research company Statista to conduct the annual study, where responses were

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Who Has Been Buying First Business Financial Services, Inc. (NASDAQ:FBIZ) Shares?

frank lamjus

Want to participate in a short research study? Help shape the future of investing tools and earn a $40 gift card!

It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we’d be remiss not to mention that insider sales have been known to precede tough periods for a business. So shareholders might well want to know whether insiders have been buying or selling shares in First Business Financial Services, Inc. (NASDAQ:FBIZ).

What Is Insider Buying?

It’s quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, such insiders must disclose their trading activities, and not trade on inside information.

We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But logic dictates you should pay some attention to whether

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A personal tribute to my friend John Lewis | Bishop Nathan Baxter

frank lamjus

Like so many citizens of various political perspectives, I felt a deep sense of loss when I learned of Congressman John Lewis’s death. It is personal, because he was a friend and colleague.

When signing one of his books to me, he wrote, “To Nathan, my good friend and brother. Thank you for your leadership. With faith and hope, Keep Your Eyes on the Prize . . . ”

I know, given his gracious heart, he wrote such kind words to many. But to this boy from Uptown Harrisburg, it is a special treasure that still inspires me.

  • More: John Lewis will lie in state at U.S. Capitol after crossing Edmund Pettus Bridge one last time

I came to know him early during my 12 years as Dean of the Washington National Cathedral. We gradually lost contact in the years after my return to Central Pennsylvania. However, I watched admiringly

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Mahindra Finance Rs 3,088 crore rights issue opens today; check issue price, ratio, other details

frank lamjus

Mahindra Finance will issue 61.78 crore equity shares of face value of Rs 2 each at a price of Rs. 50 per Equity Share, a 61% discount from the current market price.

Mahindra & Mahindra Financial Services Limited’s Rs 3,088 crore rights issue will open today, as the company tries to raise funds to repay outstanding borrowings and improve its capital. The non-banking finance company (NBFC) with 25 years of experience in the semi-urban and rural markets in India is one of the many financial institutions trying to raise capital as they gear up to tide through the slowdown in the economy aided by the coronavirus pandemic. Mahindra Finance will issue 61.78 crore equity shares of face value of Rs 2 each at a price of Rs. 50 per Equity Share, a 61% discount from the current market price.

The equity shares will be offered in the ratio of one

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