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Misinvoicing Costing Nations Billions, Warns UNCTAD

PYMNTS

For others, however, entire national economies can be affected. According to the UN Conference on Trade and Development (UNCTAD), that’s exactly what’s happening in some developing nations, in which invoice errors across Africa and South America are leading to the loss of up to two-thirds of commodity export value.

National 100
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Changes To Business Lending Underway At India’s PSU Banks

PYMNTS

For decades, public sector undertaking (PSU) banks have largely been responsible for handling the working capital loans that many firms need for daily operations. PSUs calculate a borrower’s working capital requirements by looking at the difference between assets and liabilities. In 2014, that figure had improved to about 53 percent.

Lending 130
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A Decline in Personal Savings

TrustBank

The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. Households in 2014 ) and another by the J.P. The only time US personal saving has been this low was back in 2005 when it bottomed out at 2.1%.

US 52
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Guest Post: 2013 Economic Year in Review and Outlook by Banker Dorothy Jaworski

Jeff For Banks

We’ll Miss You, Ben Now that the holidays are over, it is time to recognize that January, 2014 marks the last month as Federal Reserve Chairman for our favorite helicopter pilot, Ben Bernanke. Cautious Growth for 2014 We expect that GDP growth will continue in a cautious mode in 2014, likely between 2% and 2.5% once again.

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Can Rio de Janeiro Withstand The Olympic Pressure?

PYMNTS

million as of 2014. In an effort to spur job growth, the Brazilian government offered tax and legal incentives for technology companies within Rio. In fact, the venture and entrepreneurial ecosystem grew by 20 percent from 2014 to 2015 alone. Estimated population was 6.35 The city’s GDP per capita is $19,131.

Trends 100
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Guest Post: 2012 Economic Year in Review by Dorothy Jaworski

Jeff For Banks

Housing markets have begun to improve with the national indices showing year-over-year growth of 3% to 4% recently. Ben Bernanke probably does not have to worry about it; he has telegraphed his intention not to serve another term when his current one expires early in 2014. Who will bring Happiness then? Oh, wait, our Congress!

Taxes 71
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East Africa M&A Moment: June 2015

Bankelele

Burbidge Capital also found that Kenya’s merger & acquisition deals slowed down in 2015 – with 11 M&A deals so far compared to 17 in the first four months of 2014. Treasury secretary Henry Rotich said National Bank would be merged with another bank before it’s planned rights issue. in UAP Holdings. in UAP Holdings.

Groups 28