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“No discussion” of exchange rates at G7 -Kyodo
By Kevin Buckland
TOKYO (Reuters) – There was “no discussion” about exchange rates at a meeting of Group of Seven (G7) finance ministers and central bank chiefs, Japanese Finance Minister Shunichi Suzuki said on Sunday, according to Kyodo News.
Suzuki was speaking after a meeting in India of the G7 – the US, Japan, Germany, Britain, France, Italy and Canada.
The yen weakened as far as 145 per dollar at the end of last month, the level that last fall spurred the finance ministry to intervene in the market to support the currency. However the yen has rebounded strongly this
Some variable-rate borrowers will need $160,000 to avoid rising payments: Desjardins
While many homeowners will face payment pressure when renewing their mortgage at current higher rates, variable-rate borrowers renewing for the first time will experience the biggest shock of all, according to new analysis from Desjardins.
That’s because these mortgage holders will have to make one of two choices if they hope to
Millennials Face Challenging Financial Issues. Here’s What The Experts Have to Say to Them
Millennials — generally defined as adults born between 1981 and 1996 — face some unique challenges when it comes to financial planning. While the oldest millennials are entering midlife and potentially their peak earning years, the youngest may just be getting settled into their careers. As a result, financial planning for millennials can span a wide variety of needs, goals and solutions.
For more help with financial planning, consider working with a financial advisor.
Why Is Financial Planning Important for Millennials?
Generally, it’s easier to manage money and reach your goals when you have a strategy
BC politicians raise concerns about Quest University’s financial history
All three levels of government said they wanted to find out what went wrong with Quest University in Squamish, BC, after the institution revealed it was suspending operations indefinitely at the end of this academic year.
And newly released audit documents from the Canada Revenue Agency have local politicians raising questions about the university’s financial history.
HISTORY OF QUEST
Quest opened in 2007, led by former UBC president Dr. David Strangway. He described the private university as an “experiment in education,” with smaller classes and a blended curriculum.
It has also had a long history of financial troubles.
In
Wall Street rides to the rescue as 11 banks pledge First Republic $30 billion in deposits
A group of financial institutions has agreed to deposit $30 billion in First Republic in what’s meant to be a sign of confidence in the banking system, the banks announced Thursday afternoon.
Bank of America, Wells Fargo, Citigroup and JPMorgan Chase will contribute about $5 billion a piece, while Goldman Sachs and Morgan Stanley will deposit around $2.5 billion, the banks said in a news release. Trust, PNC, US Bancorp, State Street and Bank of New York Mellon will deposit about $1 billion each.
“This action by America’s largest banks reflects their confidence in the