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India's Mallya says willing to reach 'reasonable' debt settlement: FT

(Reuters) - Embattled Indian tycoon Vijay Mallya wants a "reasonable" settlement with creditor banks to his defunct airline, he said in an interview in London published by the Financial Times on Friday. Mallya, 60, flew first class from...Show More Summary

Two Reasons Why You Need to Stop Hiding the Real You

One of the hardest things to do in this world is show up as our authentic selves in every way possible. We live in a crazy world that changes us often times because of social settings, rejections, lack of financials, divorce, custody...Show More Summary

Vatican saw surge of suspicious financial activity reports in 2015

VATICAN CITY (Reuters) - The Vatican received 544 reports of suspicious financial activity in 2015, nearly four times more than the year before, its financial watchdog said on Thursday, putting the increase down to better compliance, not more crime.

Airbus can't deliver its planes on time and it's costing the company millions

Airbus had a 23% fall in Q1 operating profits to €501 million (£390 million; $569 million) because of delays on deliveries, according to its financial report released on Thursday. The European aircraft manufacturer said that there had...Show More Summary

Case closed

Last week, I pointed to a Financial Times headline that suggested the yen was falling on rumors of a cut in the interest rate on reserves (which is already negative): In the long run, you want to rely on a worldview that allows you to make sense out of the myriad news events that are […]

The Pokemon re-releases were downloaded 1.5 million times

We touched on Nintendo's financial results for the fiscal year ended March 2016, noting that profits fell 60.6 percent in part because of a "lack of major titles," but there was another breakout tidbit that caught my eye: the Pokémon Red, Blue, Green, and Yellow sales on 3DS. Show More Summary

NY Times:President Obama Weighs His Economic And Tax Legacy

New York Times Magazine: President Obama Weighs His Economic Legacy, by Andrew Ross Sorkin: Eight years after the financial crisis, unemployment is at 5 percent, deficits are down and G.D.P. is growing. Why do so many voters feel left behind? The president has a theory. Two months ago, across an...

NY Times:Fantasy Math Is Helping Companies Spin Losses Into Profits

New York Times: Fantasy Math Is Helping Companies Spin Losses Into Profits, by Gretchen Morgenson: Companies, if granted the leeway, will surely present their financial results in the best possible light. And of course they will try to persuade investors that the calculations they prefer, in which certain costs are...

ANZ is first Australian bank to support Apple Pay

Apple Pay expanded services in Australia on Thursday local time with the addition of ANZ Bank, the first major financial institution in the region to support Apple's payments product after a limited rollout in November.

What To Expect From Amazon's Q1 2016 Earnings

Amazon is scheduled to report its financial results for the first quarter on Thursday, April 28th. The year 2015 was a blockbuster for Amazon, with the online retailer surpassing the $100 billion sales figure for the first time in its history driven by 25% year-over-year retail sales growth in North [...]

A Natural Born Fiscal Conservative

Another anonymous reader uses the Notes space to tell her story of financial struggle—and perseverance: I was born with a very rare genetic disorder. I received a brand-new lifesaving treatment just in time, long before it was FDA approved. Show More Summary

Nintendo confirms its NX console is coming in March 2017

Nintendo’s annual financial results, published today, reveal that its next console will be released globally next March. The company has remained silent on details about its upcoming platform, codenamed NX, for some time now. All it has said is that it won’t run on Android, as some speculated. Show More Summary

Prince Died Without A Will, According To Court Documents

New York Times, Prince Died Without a Will, According to Court Documents: Prince died without a will, according to court documents filed by his sister, which may cause complications for his financial estate and musical legacy. In probate documents filed on Tuesday with the court in Carver County, Minn., Tyka...

Would You Pass a Financial Fitness Quiz?

I’ve spent a lot time thinking about my financial situation the past few weeks. Part of that has to do with my newer, bigger tax bill as a result of my recent divorce, as well as the medical bills resulting from breaking my wrist a few weeks ago. I’m fortunate that I have resources and […]

British banks are lagging behind Europe and may never be as profitable as they were pre-crisis

British banks are lagging behind their European rivals and may never be as profitable as they were prior to the financial crisis, according to analysis from the Financial Times. The FT's research shows that British banks are making nowhere...Show More Summary

Newspaper deal would solve Tribune’s woes

USA Today owner Gannett’s $815 mln unsolicited offer to buy the publisher of the LA Times doesn’t just make financial sense for the buyer. It would also allow Tribune shareholders to escape flatlining revenue at a headline-grabbing 63 percent premium to its current market value.

Ecuador President To Use Emergency Powers To Impose Wealth Tax on Millionaires To Fund Earthquake Reconstruction

Financial Times, Ecuador President Promises ‘Millionaire Tax’ to Fund Quake Recovery: Rafael Correa, president of Ecuador, has promised new measures to raise the billions of dollars needed to rebuild a country left reeling by its worst earthquake in decades, including a one-off tax on millionaires. As Opec’s smallest member struggles...

BHS is in administration, putting 11,000 jobs on the line

British Home Stores (BHS) has filed for administration, according to the Financial Times, putting 11,000 jobs at risk. Administrators Duff & Phelps have been called in after rescue talks with Sports Direct and other retailers failed last night, according to the report. BHS no longer has enough money to pay its outstanding bills. Show More Summary

Zizzi is cutting staff perks and 'redistributing' waiters' tips as the minimum wage rises

Italian restaurant chain Zizzi has responded to the UK's higher minimum wage by cutting staff perks and benefits — including "redistributing" waiters' tips, according to the Financial Times. A company note seen by the paper said that 50% of service charges and credit card tips will now go to kitchen staff and supervisors. Show More Summary

Is This the Death of Luxury Fashion?

5 days agoNews : The Daily Beast

Big-name high-end brands like Burberry, Prada, and LVMH are in difficult financial times: The public simply doesnt covet their once-desirable labels as much as it used to.

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