Author: Jordan

BAYOMBONG, Nueva Vizcaya — The Sangguniang Panlalawigan (Provincial Board) of Nueva Vizcaya has ordered the five-month suspension of Bagabag Vice Mayor Nestor Sevillena after finding him administratively liable for “grave abuse of authority” in connection with the use of a private property as a municipal motor pool. In an 11-page decision dated June 8, the Provincial Board, sitting as a quasi-judicial body, said Sevillena entered into an arrangement without prior authorization from the Bagabag municipal board while he was serving as acting mayor.The board cited an Aug. 11, 2025, offer from Norbert Ang that allowed the municipal government to use…

Through Thursday of last week, the bull market seemed unstoppable. Not even Broadcom’s post-earnings crash caused investors to flinch. Then Friday came, providing a rough reminder that nothing lasts forever. Sooner or later, every bull market eventually yields. This begs the question: How long do bull markets last? Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue » The number If you need a number, it’s just…

MUMBAI: The finance ministry has asked bullion banks to share all information on ‘gold metal loans’ and ‘loan against gold’ since 2023, sparking conversations that more measures linked to the precious metal may be in the works.In a communique to banks on Friday evening, the Department of Financial Services sought data on value and quantity of gold metal loans (GMLs), number of customers, international gold suppliers as well as portfolio size, quantum of collateral and numbers of borrowers, two persons told ET.”Banks were told to give the information by Monday. In some cases, month-wise numbers were given. After the import…

When you are assessing a property for buy to let investment, your primary considerations may focus on the financials and tenant demand, but, property structure can be a stumbling block. This guide looks buy to let mortgages on non-standard construction types, to help you with buying decisions.Non-standard construction properties can be excellent investment opportunities, often at below-market purchase prices, but they require a fundamentally different approach to financing. Not all lenders will touch them, not all products apply, and not all brokers have the experience to navigate the market effectively on your behalf, you need to speak to a specialist.This guide…

(Bloomberg) — Gold resumed declines as traders focused on the prospect of prolonged energy-market tightness despite Israel and Iran agreeing to end attacks and as some investors reacted to negative technical signals. Most Read from Bloomberg Bullion fell below $4,300 an ounce, on pace for its second decline in three days, as the US dollar pared losses. Most precious metals resumed a pullback even after Israel and Iran pledged to stop missile strikes following an appeal by US President Donald Trump for de-escalation as he seeks a resolution to the wider conflict that’s roiled global markets. The war has disrupted…

As property tax and insurance costs spike and borrowing costs remain elevated, the primary concern for residential U.S. mortgage servicers in 2026 is declining mortgage affordability, Fitch Ratings said Monday. Hosting representatives from 20 servicers and master servicers at an annual roundtable event, Fitch said almost half of those attending cited “borrower affordability” as the most significant challenge they face this year. Summarizing anonymized survey findings gathered during the event, one servicer noted how delinquencies increase more than fivefold when the property tax and insurance portion of a borrower’s monthly mortgage payment exceeds the principal and interest portion. Real estate…

Financing round led by new investor Viking Global Investors with participation from key existing investorsTEMPE, Ariz., June 9, 2026 /PRNewswire/ — GT Medical Technologies, Inc., a medical device company dedicated to improving the lives of patients with brain tumors, today announced the closing of an oversubscribed $100 millon Series E equity financing. The financing was led by new investor Viking Global Investors with participation from key existing investors, including MVM Partners, Gilde Healthcare, Evidity Health Capital, Medtech Venture Partners and FemHealth Ventures. GammaTile Tile-Based Radiation Therapy “This financing is validation of GammaTile’s potential to be a standard of care treatment for…

The proposed regulation would add provisions to ensure alignment with the U.S. Treasury Department’s proposed requirements for state frameworks to be certified under the GENIUS Act, DFS said in a Tuesday (June 9) press release. “The rules and expectations that we have in New York for virtual currency companies have protected New Yorkers and facilitated a stable market,” DFS Acting Superintendent Kaitlin Asrow said in the release. “The GENIUS Act’s provisions mirror DFS’s stablecoin framework, and this proposal will ensure that the department’s regulatory regime is in full alignment with new federal requirements while maintaining our standard for protecting consumers…

Industry participants said a bullion trade body has proposed that banks use gold bars refined from dore instead of importing fresh gold for issuing GMLs to jewellers. (AI image) In a move that may possibly be a sign of upcoming measures on gold, the finance ministry has directed bullion-importing banks to furnish detailed information on gold metal loans and loans backed by gold from 2023 onwards.Despite a lower import volume of 721 tonnes compared with the previous year, India’s gold import bill rose 24% to a record $71.9 billion in 2025-26.The dozen banks involved in gold imports either borrow gold…

BTL products come with a £250 application fee, £999 completion fee and payable valuation fee. Rates include a personal BTL 2-year discount at 5.19% variable at 80% LTV and limited company BTL 2-year discount at 5.39% variable at 75% LTV. Interest coverage ratios are set at 125% for basic rate taxpayers and 145% for higher rate taxpayers on personal applications, and 125% for limited company borrowers. Christopher Holmes, products & proposition senior manager at Hinckley & Rugby, said: “We know that many people living and working in the UK on eligible visas can face additional challenges when it comes to accessing mortgage…