Author: Jordan

Introduction The case of Ramasami Pattar v. Chinnan Asari adjudicated by the Madras High Court on April 3, 1901, addresses pivotal issues surrounding the equity of redemption and the right of preemption within the framework of mortgage agreements. The dispute arose when the defendants, representatives of the mortgagee, sought to enforce a covenant that potentially restricted the mortgagor’s right to redeem the property. This commentary delves into the intricacies of the judgment, exploring the legal principles established and their implications for future jurisprudence. Summary of the Judgment The court examined whether the covenant in the mortgage agreement was a valid…

Quick Answer (Featured Snippet): XAUUSD is the ticker for gold priced in U.S. dollars — the spot exchange rate for one troy ounce of gold. As of early June 2026, XAUUSD trades around $4,292, down about 0.85% on the day and roughly 9% over the past month, yet still up nearly 30% year-over-year. It remains the world’s most-watched safe-haven benchmark. What Is XAUUSD? When traders type XAUUSD into a chart, they are asking one simple question: how many U.S. dollars does it take to buy one ounce of gold right now? “XAU” is the ISO code for a troy ounce of gold; “USD” is the…

Could carbon become a property value issue for developers? Trending Now Infrastructure Source link

Leek Building Society has expanded its intermediary range with the launch of a new five-year fixed rate buy-to-let product at 5.30%. Available up to 75% LTV with a £995 product fee, the mortgage is aimed at landlords with up to two other rental properties. Nikki Warren-Dean, head of intermediaries at Leek Building Society, said: “Landlords continue to face a changing market environment and many are looking for greater certainty over their mortgage costs. This new product gives brokers another competitive option for clients seeking longer-term stability, while benefiting from the personal service and flexible lending approach that Leek…

Retirement savers are about to face a barrage of unfamiliar investment vehicles that the financial industry is seeking to unleash upon them. Public officials, staff and consultants for governmental defined-contribution plans need to make sure that the delivery vehicle vendors are likely to pitch for them, known as a “collective investment trust” (CIT), is built to last.For decades, most of these public-sector 457, 403(b) and 401(a) plans have stocked their investment menus with Securities and Exchange Commission-registered mutual funds. Typically, those vehicles have focused their investments on diversified portfolios of market-traded stocks, bonds and exchange-traded instruments. Employee-participants have enjoyed daily…

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Lock Lane let an early 12-0 lead slip after having a player sent-off and two sin-binned in their National League Premier Division game at play-off hopefuls West Bowling.The relegation threatened Castleford side were 12-0 ahead courtesy of tries by Max Hope and Morgan Jones, with Morgan Punchard landing the first two of his four goals, but a series of subsequent cards proved to be costly as they ended up on the wrong side of a 34-24 result.Hakin Aydin was given a yellow card on 17 minutes for a late hit, shortly after Owen Simpson had opened Wests’ account and Harvey…

Leek Building Society has added a 5-year fixed rate buy-to-let mortgage to its intermediary range, priced at 5.30% and aimed at landlords seeking longer-term certainty over their borrowing costs. Available up to 75% LTV with a £995 product fee, the product targets landlords with up to two other rental properties who want to lock in a competitive rate over an extended term. “Landlords continue to face a changing market environment, and many are looking for greater certainty over their mortgage costs,” said Nikki Warren-Dean, head of intermediaries at Leek Building Society. “This new product gives brokers another competitive…

COLOMBO (News 1st) – The Committee on Public Finance is scheduled to meet at 3.00 p.m today.The meeting will be held at the Parliamentary Complex under the chairmanship of MP Harsha de Silva.Discussions will be focused on the alleged theft of US$2.5 million from the Treasury by cybercriminals.The Treasury is also scheduled to submit a report on the incident to the Committee on Public Finance today.The submission follows recommendations made during a previous meeting of the Committee.During the Committee’s meeting on the 30th of May, Treasury and Finance Ministry Secretary Harshana Suriyapperuma was summoned to provide statements regarding the incident.…

Direxion’s 3x leveraged South Korea fund plunges 42% in a day amid memory chip sector sell-offDirexion Daily MSCI South Korea Bull 3X Shares (KORU) dropped about 42% on June 5, 2026, driven by a 14% fall in the underlying MSCI Korea index, which is heavily weighted in memory chip makers Samsung Electronics and SK Hynix. The sell-off followed … Source link