Monthly Archives: July 2022

covid: ED asks exporters to make the contributions; Influx to Buoy Rupee

Amid pressure on the central bank to calm the currency and preserve foreign exchange reserves, there is an upsurge in Enforcement Directorate (ED) notices to many businesses, including some jewelers and diamond houses , which have failed to bring in money from foreign buyers or whose imports backed by deposits have been blocked. Exporters must realize their profits within nine ...

Read More »

Ice cream, noodles reported carcinogenic

CCF officials inspect a store offering imported instant noodles and ice cream products for sale in Kampong Cham province on July 29. CCF The General Department of Customs and Excise of Cambodia (GDCE) has identified three types of instant noodles and ice cream brands originating from Thailand, Vietnam and France which are suspected of containing ethylene oxide, which exhibits a ...

Read More »

Automakers don’t understand how to develop software

Last week, the e-mobility bubble and the German car industry were shocked by breaking news: Herbert Diess, “the Elon Musk of VW”, has been “fired” by the supervisory board. The jubilation of the commentators Comments about the end of the Diess era were controversial and, on the whole, very negative about Diess. For example, the editor of “Automobilwoche” said, among ...

Read More »

Pakistani army chief reportedly seeks US help in securing crucial IMF loan

ISLAMABAD — Pakistan’s military leader has reportedly asked for US help in securing early disbursement of an International Monetary Fund loan as high energy import prices push the cash-strapped South Asian nation to the brink a payment crisis. General Qamar Javed Bajwa spoke by phone with US Under Secretary of State Wendy Sherman earlier this week and raised the issue, ...

Read More »

NCE Export Awards on December 2

The annual Export Awards Ceremony, hosted by the National Chamber of Exporters of Sri Lanka, serves to recognize and reward Sri Lankan exporters of goods and services as well as exporter service providers, for their performance on the international market. The Chamber celebrates the anniversary of the Pearl of the Exports Awards this year, capping 30 years of success, with ...

Read More »

Customs Warns Against Importing Vehicles Through Land Borders, Seize 2021 Toyota Hilux

The Nigerian Customs Service has seized a 2021 Toyota Hilux pickup truck which is being smuggled into the country through the land border. Reminds vehicle importers to comply with the federal government’s policy on restricting the importation of vehicles into seaports. Customs presents all seized items with a Duty Paid Value (DPV) of N45,030,111 to reporters in Birnin Kebbi. The ...

Read More »

Editorial — Persistent state of crisis? The pandemic no longer justifies emergency orders in New York | Editorials

For a time, emergency orders have served New Yorkers well during the novel coronavirus pandemic. Swift action needed to be taken to respond to changing conditions regarding infection and hospitalization rates. In specific circumstances, the lengthy legislative process would harm public safety. The nature of the pandemic has changed, however, making emergency orders more necessary. If we find ourselves in ...

Read More »

eLEND expands its financing program for prefabricated houses

As Housing Inventory Remains Low, eLEND Furniture Financing Enables Consumers to Enter the Manufactured Home Market PARSIPPANY, NJ, July 28, 2022 /PRNewswire/ — eLEND, a consumer-facing division of American Financial Resources, Inc. (AFR) and a leading provider of home mortgages, is pleased to announce the expansion of its manufactured home financing and financing program. movable property. Now available in 45 ...

Read More »

Enhanced insurance coverage for exporters

Export Credit Guarantee Corp. of India (ECGC) on Tuesday introduced a new program aimed at providing enhanced export credit risk insurance amid heightened uncertainties in global trade. The scheme provides enhanced export credit risk coverage of up to 90% to support small exporters under export credit insurance for banks, packing credit and post-shipment ( ECIB-WTPC & PS). “By granting 90% ...

Read More »

The ASEAN Trade Finance Market will grow at a CAGR of 5.3% during the forecast period of 2021-2026 – This is Ardee

Expert Market Research’s new report titled ‘ASEAN Trade Finance Market Report and Forecast 2021-2026’, gives an in-depth analysis of the ASEAN Trade Finance Market, assessing the market by based on its segments such as type, supplier, end user, and major regions Singapore, Thailand, Malaysia, Philippines, Indonesia, Vietnam and others. The report tracks the latest industry trends and studies their impact ...

Read More »

Sana Commerce builds an online ordering portal for Food & Dairy Co

B2B e-commerce platform Sana Commerce says the Sydney Food & Dairy Co wholesaler has brought its ERP integrated ordering portal online. Last year, Sana Commerce designed and rolled out a new B2B online ordering portal for the leading food and beverage supplier. Food & Dairy Co is an Australian family business supplying produce to restaurants and cafes in the Sydney ...

Read More »

Weapons systems maker announces move to Tennessee

Welcome to Thomas Insights – every day we post the latest news and analysis to keep our readers up to date with what’s happening in the industry. Sign up here to get the day’s top stories straight to your inbox. A designer and manufacturer of high-tech systems for small arms plans to move its manufacturing operations from Southern California to ...

Read More »

National Pisco Day: Peruvian pisco exports increased by 87% in May 2022 | News | ANDEAN

Exports of Peruvian pisco totaled $3,894,000 between January and May this year, up 87% from the same period in 2021, when sales hit $2,088,000, the Association of Peruvian Exporters (Adex). Adex Pisco Committee President Carmen Robatty explained that the United States (US) remains the largest market (USD 1,645,000) for Peruvian pisco exports, which recorded a growth of 28% and accounted ...

Read More »

Multi-million dollar liquidity crunch weighs on Pakistan’s interbank market

A trader can be seen counting US currency. Photo: AFP The Pakistani interbank market is facing a severe shortage of liquidity worth millions of dollars. SBP has banned authorized dealers from issuing electronic import forms (EIF/PSW) of goods under Chapters 84 and 85, an importer says. Exporters stop their receipts, because their money was not coming back to the country ...

Read More »

ExpressPrint expands operations in Malaysia

unveils AI-powered automation tool to increase profit margins for industry players Singapore’s leading print service provider, ExpressPrint, today announced its artificial intelligence (AI) software, PriceCal, which is poised to revolutionize the print industry. Designed by printers for printers, PriceCal was developed as a quick and easy tool to instantly increase business capabilities and capabilities, while unlocking business potential by connecting ...

Read More »

Arbor S Realty Trust Schedules

UNIONDALE, NY, July 22 2022 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (:ABR), today announced that it is expected to release its second quarter 2022 financial results before market open on Friday, July 29, 2022. The Company will hold a conference call to review the results at 10:00 a.m. Eastern Time on July 29, 2022. A live webcast and replay ...

Read More »

Plastic product makers are drawing up massive investment plans to meet pent-up post-Covid demand this year

Plastic product manufacturers across India have drawn up a massive capital expenditure (capex) plan for the financial year 2022-23 to increase the production capacity of various industrial and household consumer products to meet pent-up demand in the post-Covid economic recovery. The world’s largest manufacturer of molded furniture and Asia’s largest processor of plastic molded products, Nilkamal Ltd, has considered a ...

Read More »

Exports of electrical products climb to $100 million

Locally-made electrical products, namely transformers and accumulators, are gaining popularity overseas as the industry’s annual export revenue hit a record $100 million in the coming fiscal year. to end. The last time electrical product export earnings even came close to the current level was in fiscal year 2014-2015, when outbound shipments totaled $90 million. For all the latest news, follow ...

Read More »

Rupee hits new all-time low of $80.06 as dollar demand rises from oil importers

The rupee depreciated 1 paisa to all-time low of 80.06 against the United States dollar opening trade on Thursday amid demand for dollars from oil importers and firm crude oil prices. Forex traders said the rupiah is hovering around the 80 level as the overall gains in crude prices over the past few days, where Brent broke above the USD ...

Read More »

“With this hot weather, we are not even trying to force sales”

‘Easy to do’. This is the credo of Loek Smets of the Dutch wholesaler P. Smets in these high temperatures. “You can try to force things, but it’s no use. Trading is always flat when the weather is so nice,” he says. Smets customers are located within a radius of 150 km from the company in Geleen, thus in the ...

Read More »

Polymerupdate News – Indian plastics exporters feel rupee pinch drop to 80 against dollar

The Indian rupee slumped to breach the 80 psychological barrier against the US dollar in Tuesday morning trading on continued outflows from foreign institutional investors (FIIs), a soaring current account (CAD) deficit and oil price volatility. After hitting a record intraday low of 80.06, the Indian Rupee rallied slightly to settle at 79.94 against the US Dollar towards the end ...

Read More »

Importers prepare for a difficult peak season | Dispatch

The shipping industry is preparing for what many projects will be another difficult peak season, as shipping and logistics interests try to prepare for increased demand. Peak shipping season generally begins in mid-August and lasts until mid-October. This period, due in large part to the upcoming pressure on retail during the holidays, is often characterized by high demand, low supply ...

Read More »

Many cases of potential drug diversion go uninvestigated: report

Although one in 12 drug transactions containing controlled substances in US hospitals involve suspicious variations, only about half of those transactions are investigated. According to a recently published report, approximately 8% of drug transactions containing controlled substances (CS) in US hospitals have suspicious characteristics that may indicate drug diversion. The data is based on prescription transactions at more than 230 ...

Read More »

DUCOMMUN INC /DE/: entering into a material definitive agreement, terminating a material definitive agreement, creating a direct financial obligation or an obligation under an off-balance sheet arrangement of a registrant, financial statements and supporting documents (Form 8-K)

Section 1.01 Entering into a Material Definitive Agreement. On July 14, 2022 (the “Closing Date”) Ducommun Incorporateda Delaware company (“Ducommun”) and certain of its subsidiaries have entered into a credit agreement with Bank of America, North America., as administrative agent, principal lender and issuing bank, and the lenders parties thereto (the “Credit Agreement”). The credit agreement provides for (i) a ...

Read More »

100 times stronger than steel, this material is a breakthrough for manufacturing

Welcome to Thomas Insights – every day we post the latest news and analysis to keep our readers up to date with what’s happening in the industry. Sign up here to get the day’s top stories straight to your inbox. Welcome to this week’s edition of the Thomas Index Report. Dubbed the global “super material”, graphene continues to take the ...

Read More »

A tech rental hiccup, just take a skill pill

Major software exporters reportedly cut new hires in the first quarter of this fiscal year to ride out inflationary and geopolitical headwinds. We should not panic as the fundamentals, performance and competitiveness of the technology sector are solid. Recruitment has surged in the seven quarters since the pandemic has spurred demand for digitization from businesses and, of course, governments, leading ...

Read More »

Fitch Solutions revises Egypt’s real GDP growth up 0.1% and forecasts inflation of 13.2% in 2022 – Economy – Business

Shared with Ahram Online, the report expects inflation in Egypt to stand at 13.2% throughout 2022 and the price of USD against EGP to stabilize at 19 EGP . For the first time in seven months, Egypt’s headline monthly inflation fell to 13.2% in June from 13.5% in May, according to recent readings released by the Central Agency for Public ...

Read More »

Costco’s $1.50 hot dog deal defied inflation, but fans say it ain’t what it used to be

Maya Miller/The Seattle Times (TNS) Fans of Costco’s hot dog combo can rest assured that the price won’t go up anytime soon, as CEO Craig Jelinek told CNBC on Monday. As food prices soar and inflation reaches record highs, even for wholesalers, Costco will maintain its iconic dog and beverage deal. The combo has cost $1.50 since it hit food ...

Read More »

Residual Token Inc. ($eRSDL) Merges Decentralized Finance with Traditional Finance, a Whole New Way to Bank

Major centralized crypto-for-fiat lenders have failed due to price-related liquidity crises. There are other crypto-for-fiat lending solutions that do not face a similar risk. Pool-to-peer (P2P) lending platforms do not have the same liquidity requirements as centralized lenders, because all loans are over-secured. And when that’s not enough to mitigate the risk of loss, liquidation bots are still around to ...

Read More »

Students explore local opportunities at Manufacturers Academy | New

OLEAN — Students who attended Eaton Young Manufacturers Academy last week were able to learn about some of the local careers and opportunities in the technology and engineering industries with a series of field trips. Now in its sixth year, Dream It Do It’s week-long project-based learning program in Western New York saw area middle and high school students meet ...

Read More »

Drop in global demand to counter gains from falling rupee: exporters

A 6.9% depreciation of the rupiah against the greenback since January will “certainly help” exporters, but a potential slowdown in demand in key markets – mainly the United States and the EU – due to fears recession turned out to be a major concern for them. The rupee recovered 8 paise to settle at 79.91 on Friday, after nearly hitting ...

Read More »

G20: FAO urges finance ministers and central bank governors to support food import financing mechanism – World

Director-General Qu Dongyu warns of double burden on global agri-food systems, leaving farmers poor and lack of food availability at the same time Rome/ Nusa Dua Indonesia – QU Dongyu, Director-General of the Food and Agriculture Organization of the United Nations (FAO), today highlighted to G20 Finance Ministers and Central Bank Governors the growing food security crisis and nutrition facing ...

Read More »

‘Serious national security threat’: Congress could give US chipmakers billions to compete with China

NEWYou can now listen to Fox News articles! U.S. Commerce Secretary Gina Raimondo said Wednesday that lawmakers appear to want to strip $52 billion in semiconductor chip manufacturing subsidies from a larger bill aimed at boosting U.S. competitiveness. with China. “Things seem to be coalescing around the way of chips, or maybe chips plus a thing or two, and doing ...

Read More »

LEGACY EDUCATION ALLIANCE, INC. : Creation of Direct Financial Obligation or Obligation Under Off-Balance Sheet Arrangement of Registrant, Disclosure of FD Settlement, Financial Statements and Exhibits (Form 8-K)

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under a Off-balance sheet arrangement of a registrant On July 8, 2022, Legacy Education Alliance, Inc. (the “Company”) borrowed $100,000 (the “Loan”) of ABCImpact I, LLCa Delaware with limited liability (the “Lender”), evidenced by a 10% convertible debenture (the “Debenture”). Under the terms of the debenture, the lender has ...

Read More »

South Africa to Host First Conference of Black Industrialists and Black Exporters

South Africa’s economic growth and inclusion of black businesses will be highlighted on Wednesday next week. The first Black Industrialists and Black Exporters Conference will take place at the Sandton Convention Center next week, attracting both the public and private sectors. The event is expected to attract over 500 delegates. Ebrahim Patel, the Minister for Trade, Industry and Competition, spoke ...

Read More »

‘Mission impossible’: The problem with Biden’s plan to rein in oil prices

Joe Biden arrives in Riyadh on Friday with a two-pronged plan to lower oil prices while punishing Vladimir Putin. First, convince Saudi Arabia to pump more oil, especially to Europe. Second, cap the price at which Russia can sell its crude. Oil executives and market analysts say both parts of the plan are fraught with pitfalls and could even backfire ...

Read More »

Hospira is issuing a national voluntary recall for one lot of Propofol Injection, USP (containing Benzyl Alcohol) Emulsion, due to the potential presence of visible particulates.

NEW YORK, NY, July 13, 2022 Hospira, Inc., a Pfizer company, is voluntarily recalling one lot of Propofol Emulsion Injection, USP (containing benzyl alcohol), 100mL single-use capped glass vial; lot DX9067, at the user level due to a visible particle observed in a single vial during the annual review of retained samples. Risk Statement: Patients receiving the affected product are ...

Read More »

Pennymac locks in mortgage rates for up to 90 days 

Based in California Pennymac launched a product that can freeze mortgage rates for up to 90 days, in an effort to attract more borrowers to the market in a volatile rate environment. Dubbed “Lock & Shop,” the product, launched in mid-June, has two terms: the 75-day lock, which gives borrowers 45 days to shop and 30 days to complete the ...

Read More »

Can Manufacturers Institute Releases Recycling Targets Roadmap

The Can Manufacturers Institute (CMI) has published an in-depth aluminum beverage can recycling guide and roadmap that outlines how U.S. aluminum beverage can recycling rate targets will be met. These targets achieve a recycling rate of 70% by 2030, 80% by 2040 and 90% by 2050. This new report provides more details on what the can industry is doing in ...

Read More »

PCCI notes deteriorating business conditions due to energy and logistics costs

Reuters The Philippine Chamber of Commerce and Industry (PCCI) said business conditions have deteriorated for exporters due to rising energy costs and logistical bottlenecks. PCCI Vice President for Industrial Affairs Ferdinand A. Ferrer said at the launch of the 48e Philippine Business Conference and Expo (PBC&E) in Manila on Tuesday that “exporters have been hit by high energy costs, high ...

Read More »

Germany: Heavy legal surcharges on the gas price for commercial and private end consumers on the horizon

In the context of a drastic increase in gas purchase prices and their impact on large German gas importers, and in anticipation of an even greater escalation by Russia of the gas supply disruption linked to the war in Ukraine, the German government moved quickly to expand the toolbox available to protect German gas importers and others down the gas ...

Read More »

Interest Rates on Student Loan Debt

Effective July 1, federal student loans issued will have higher interest rates. Federal undergraduate subsidized and unsubsidized direct loan interest rates increased from 3.73% to 4.99%. Interest rates for unsubsidized Federal Graduate and Professional Loans and Direct Plus Loans have also increased. It’s important to remember that in the spring of 2020, the Federal Reserve cut interest rates on student ...

Read More »

State-owned oil companies avoid buying certificates under rebate program

NEW DELHI : Banks and state-owned oil companies, a sign of growing uncertainty in global trade, are refraining from buying tradable certificates issued to exporters under the Reimbursement of State and Central Taxes (RoSCTL) program ) to avoid liability in the event that exports do not happen. The RoSCTL program was introduced last year to provide rebates on taxes and ...

Read More »

Proposed definitive tax regime for commercial importers rejected

KARACHI: Pakistan’s National Assembly has rejected a proposal to grant a definitive tax regime to commercial importers. The proposal was incorporated into the Finance Bill 2022 under which the government proposed to place commercial importers under the final tax regime. READ MORE: Revamped Mechanism for Resolving Tax Disputes Previously, the PTI government, after consultation with manufacturers and other stakeholders, introduced ...

Read More »

As new businesses open, others close due to inflation and supply chain issues

JACKSONVILLE, Florida. – As new businesses open, it has been difficult for other businesses to stay afloat between supply chain issues and inflation. Some reports show that people don’t eat as much in restaurants. Some popular small businesses are making waves, while others are downsizing due to supply chain and labor shortages. On Saturday, a line wrapped around the construction ...

Read More »

Posco International will manufacture EV motor cores in Mexico

Posco International has begun construction of an electric vehicle component plant in Ramos Arizpe, northeastern Mexico, and says it will be its first plant in North America. The South Korean steel company’s subsidiary plans to complete construction early next year and will focus on engine cores. Posco International plans to inject about 160 billion won ($123.2 million) by 2030 to ...

Read More »

Review of Credible Personal Loans | the ascent

Main advantages Check rates from multiple lenders at once The main appeal of using Credible is to compare personal loan rates from multiple lenders. Concretely, to do so without having to fill out half a dozen different prequalification requests. Instead, you can fill out a single application and potentially see rates from over a dozen popular lenders. Credible can access ...

Read More »

California Adds Extended Warrants For Certain Plastics, Adding To Its Extended Producer Responsibility Laws With Senate Bill 54 | Knowledge

California – which already has some of the most extensive product liability and extended product liability (EPR) laws in the United States governing products ranging from paint, carpets and mattresses to pharmaceutical waste – recently passed comprehensive legislation to reduce plastic pollution. The Plastic Pollution Prevention and Packaging Producer Responsibility Act (SB 54), enacted June 30, 2022, will impose levies ...

Read More »

Calls to improve Australia’s biosecurity as cost of Varroa incursion into agriculture rises

Australia’s biosecurity system has been described as not fit for purpose and the country’s almond industry is demanding change so farmers don’t pay the price for importers’ mistakes. Key points: A 2017 review recommended a levy on importers to cover the cost of any pests entering Australia Freight industry leaders say technology could be better used to locate pests The ...

Read More »

BNPL fills the working capital gap of African SMEs

There is a huge working capital financing gap for small and medium enterprises (SMEs) in Africa’s emerging markets, estimated at around $340 billion by the World Bank. And to help keep businesses afloat, most business-to-business (B2B) businesses are tackling the problem by providing cash solutions to SMBs. Read more: FinTechs think big to help African SMEs find working capital But ...

Read More »

PMI’s annual report explores ‘the evolution of plumbing manufacturing’

MCLEAN, Va.–(BUSINESS WIRE)–Over the years, Plumbing Manufacturers International has delivered on its vision of “Safe and Responsible Plumbing – Always”. But now, “we recognize that we are in a time when our social contract extends to areas such as climate change mitigation and diversity, equity and inclusion,” says PMI CEO Kerry Stackpole. . “A Plumbing Manufacturing Evolution,” PMI’s 2022 annual ...

Read More »

Slowdown in IT exports? – BR Search

Amid the economic gloom, Pakistan’s IT exports continue to provide some light. The latest data from the central bank shows that core IT exports (computer services, computer software sales, software consulting services, hardware consulting services, etc.) reached $1.9 billion in the past year. July-May period of FY22, reflecting annual growth of 28% (or additional exports of $415 million). These exports ...

Read More »

Port congestion looms as importers and agents abandon vehicles

Many importers and clearing agents have abandoned their imported vehicles through the country’s seaports due to the prohibitive cost imposed by the Nigeria Customs Service (NCS). The situation could lead to a new wave of port congestion with its impact on ship turnaround and cargo dwell time. “Customs are desperately trying to meet their revenue target of N3 trillion for ...

Read More »

Good Drinks welcomes international stars!

Good Drinks has teamed up with a duo of international stars to exclusively distribute its range across Australia. The deal with Molson Coors and Magners will see Good Drinks distribute brands including Miller Chill, Miller Genuine Draft, Coors, Molson Canadian and Magners Irish Cider. Good Drinks Managing Director John Hoedemaker says it’s exciting to bring these iconic brands into the ...

Read More »

HDFC Bank reports loan growth of 21.5% in the first quarter

Deposits totaled around ₹16,05,000 crore as of June 30, a growth of around 19.3% Deposits totaled around ₹16,05,000 crore as of June 30, a growth of around 19.3% Private sector bank HDFC said on Monday that the bank recorded a 21.5% increase in lending to ₹13,95,000 crore in the first quarter of this financial year. The credit book was ₹11,47,700 ...

Read More »

Nonwoven Abrasives Market Share, Global Manufacturers, Demands, Benefits, Opportunities to 2030 – Instant Interview

Decision Foresight is working on a new industry report named, “Nonwoven Abrasives Market 2020-2030″. The Nonwoven Abrasives Market held USD 139.8 billion in 2021 and is expected to grow with a CAGR of 5% from 2022-2030. The Decision Foresight is dedicated to providing you with an in-depth analysis of various markets based on its verticals, manufacturing process, product types, applications, ...

Read More »

Aquatic exports jump 40% in H1 | Company

Production of frozen shrimp at a factory in Hau Giang province in the Mekong Delta. (Photo: VNA) City of HCM (VNA) – from vietnam aquatic exports rose 40% year-on-year to nearly $5.8 billion in the first half of 2022, the Vietnamese Association of Seafood Exporters and Producers (VASEP) reported. The country earned more than $3.2 billion from aquatic exports in ...

Read More »

$12.5M Calabar Port Dredging Contract: NPA Begins Out-of-Court Settlement

The Nigerian Ports Authority (NPA) yesterday said the Federal Government has initiated an out-of-court settlement with Niger Global Engineering and Technical Company Limited over the $12.5 million Calabar port dredging contract. Speaking to reporters after a port visit to Calabar and after making a courtesy call on the Calabar Obong, Edidem Ekpo Okon Abasi Otu V, the Managing Director, Mohammed ...

Read More »

Could cities partner with western farmers to alleviate the water crisis?

“Are you going to run out of water?” is the first question people ask when they find out I’m from Arizona. The answer is that some people have already had it, others will soon and it will get worse without drastic changes. Unsustainable water practices, drought and climate change are driving this crisis in the Southwest United States. States are ...

Read More »

State Representative Visits St. Marys Summer Manufacturing Camp | New

ST. MARYS — Acting Secretary of the Department of Community and Economic Development (DCED) Neil Weaver on Friday highlighted the Wolf administration’s continued investments in Pennsylvania’s manufacturing industry during a visit with teens learning skills practices at a summer making camp at St. Marys, Elk county . The camp was funded in part by a Manufacturing PA Training-to-Career Program (MTTC) ...

Read More »

Gambia bans all timber exports to curb rosewood smuggling | News | DW

The Gambia banned all timber exports and permanently suspended timber export licenses on Friday. The West African nation is trying to curb the illegal smuggling of endangered rosewood. “All existing permits issued for the export/re-export of timber are permanently revoked,” the information ministry said in a statement. The government has instructed port authorities to monitor and prevent any loading of ...

Read More »

Yes Bank Hikes MCLR; How much will EMIs for home loans and car loans increase? Check here

Leading private lender Yes Bank raised its MCLR rates. The marginal cost of lending rate, or MCLR, a key point in deciding loan interest, has been increased, the bank said in a statement. Yes Bank’s new MCLR rates have already gone into effect, according to a note on the lender’s website. The move comes nearly a month after the Reserve ...

Read More »

West Coast port labor negotiations enter new high-stakes phase as contract expires

Labor negotiations between West Coast dockworkers, cargo handling companies and container shipping companies enter a new high-stakes phase with the expiration of the contract covering US seaports in Washington state south of California. With the two sides remaining distant on issues such as compensation and automation, the multi-year contract was set to end late Friday, raising fears of potential disruptions ...

Read More »

TO’s two dispensaries are moving away from selling recreational pot

The two medical cannabis dispensaries in Thousand Oaks have one final step to take in their attempt to start selling recreational cannabis. City Council voted 4-1 Tuesday night to introduce an ordinance allowing Leaf Dispensary and Legendary Organics to do so. The ordinance must be adopted by the council at its meeting on Tuesday. This would change the city’s current ...

Read More »

Flagstar Bank offers brokers direct access to seasoned specialist lending experts and powerful technology solutions

The housing market has undergone a significant transformation over the past two years. While a booming market kept brokers busy in 2021, the housing market in 2022 was highlighted by rising interest rates, inflation and geopolitical turmoil. In response, many brokers rely on additional support, and Flagstar Bank offers just that. With 35 years of mortgage experience, Flagstar has a ...

Read More »