Author: Jordan

The Ghana Gold Board (GoldBod) has directed all licensed gold buyers to communicate details of every gold purchase transaction within five minutes after the transaction is completed.The directive forms part of new compliance measures aimed at ensuring prompt transaction reporting, proper record keeping and improved oversight within the gold trading sector.In a statement issued on Tuesday, June 23, GoldBod said the requirement takes immediate effect and applies to all licensed gold buyers dealing with licensed miners and licensed gold traders.”Effective immediately, every licensed gold buyer shall, within five (5) minutes of completing a gold purchase transaction, communicate the details of…

Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s infrastructure solutions provider, received a record 13 industry honours at the recent EMEA Finance Awards, recognising transactions advancing energy security, connectivity, industrialisation and long-term capital mobilisation across Africa. Among the award-winning transactions was AFC’s financing for the Dangote Refinery, the world’s largest single-train refining complex and a landmark investment in Africa’s energy security. Others included the Kano-Maradi railway, a strategic transport corridor linking Nigeria and Niger; and the Cabeolica wind and battery storage project in Cape Verde. The awards also recognised AFC financing for Nigeria LNG and Côte d’Ivoire’s road programme, alongside capital…

The chip sector looks like it’s seeing a round of “vicious” profit-taking, David Rosenberg, a top economist and the founder of Rosenberg Research, wrote to clients on Tuesday.It’s unclear if retail investors will step in to buy the dip in stocks, he said, pointing to how US households already have historically high exposure to equities. “The question now is whether the U.S. retail investor, filled with FOMO feelings, will emerge, yet again, as dip buyers. A legitimate question, seeing as mutual inflows have surged this past month, and at a time when equities comprise a record-high 73% share of the…

Investing.com — Hedge funds increased their bearish positions on crude oil last week, with short positions in West Texas Intermediate reaching their highest point in nearly five months as market participants anticipated higher global oil supplies from easing U.S.-Iran tensions. Money managers added 10,866 gross short positions in WTI futures during the week ended June 16, pushing total bearish bets to 102,895 contracts, according to Commodity Futures Trading Commission data. The figure represents the largest short position since late January, when supply concerns pressured oil markets. The increase in short bets stems from expectations that a preliminary U.S.-Iran peace agreement…

Key takeaways Rising home prices, low inventory and high mortgage rates have homeowners choosing to renovate their homes instead of moving. Two popular options for tapping into home equity for renovations include a home equity loan or a home equity line of credit (HELOC), each of which has its pros and cons. Before using a home equity loan or HELOC for remodeling, consider whether the project will add value to your home and develop a budget/schedule for paying the funds back. Fewer houses are available for sale. Home prices keep climbing. Mortgage rates remain high. It’s no wonder that homeowners…

ModaMortgages is removing the application fee on its limited-edition two and five-year fixed rate buy-to-let products. The removal of the fee follows recent rate cuts across the range, with two-year fixed rates starting from 3.34% and five-year fixes from 4.94%. The lender also offers free valuations across its entire buy-to-let range including HMOs and MUFBs, with products available to individual and limited company landlords up to 80% LTV. Becki Fraser-Tucker, head of sales at Chetwood Bank for ModaMortgages, said: “We’re always pushing to make our buy-to-let range work harder for brokers, and scrapping the application fee is a…

Outcomes depend on a holistic valuation rather than on the headline discount to reference date NAV alone, the report argues, because entry price, valuation methodology, growth profiles, margins, free cash flows, fees, carry, leverage, GP rollover, governance and exit route all interact.  Source link

International spending looks simple on the surface, yet the real cost usually sits in the exchange rate and ATM rules. This Niyo Forex Card review looks at how the card works, what it charges, and whether it is a better fit than a traditional forex card for people in India heading overseas. Understanding the Niyo Global Forex Card Niyo has become a familiar name among travellers and students who want to avoid the foreign transaction fee that many banks add on top of overseas card payments. The product is usually referred to as the Niyo Forex Card or Niyo Zero…

Buying property in India has long meant trips to government offices, piles of paperwork and time-consuming verification steps. But is that changing now? Increasingly, the answer is yes.Under the National Generic Document Registration System (NGDRS), a government-developed digital platform, several stages of property registration can now be done online. This includes preparing documents, assessing property value, calculating stamp duty and even booking appointments.What is NGDRS?The National Generic Document Registration System (NGDRS) is a common software platform developed by the Department of Land Resources under the Ministry of Rural Development as part of the Digital India Land Records Modernisation Programme (DILRMP).Under…

Iluka Resources (ASX:ILU) Leads a Midcap Re-Rating Watch Kalkine Media Source link