Corporate and home loan delinquency rates are rising Financial authorities say they are at a “manageable level.” If high interest rates continue, it could be serious. He won a sales promotion of 200 billion worth of non-performing loans
The delinquency rate of domestic banks increased to the highest level in four years and nine months, exceeding 0.5% at the end of February this year. Financial authorities regard the current situation as ‘manageable’, but some are concerned that high interest rates and the economic downturn could be longer. Saemaul Geumgo, whose delinquency rate exceeds 7%, is following a plan to sell additional non-performing loans worth 200 billion won.
● “I can’t repay my debt because of high interest rates”… Corporate loan ‘concern’
According to the Financial Supervisory Service on the 24th, at the end of February this year, the delinquency rate (delinquency of principal and interest for more than 1 month) of domestic bank loans obtained by Korea was 0.51%, up 0.06 percentage points from the end of the previous month (0.45%). This is the highest since May 2019 (0.51%). By sector, the increase in delinquency rates was evident in corporate loans. At the end of February,
Opinion: General Coach Passengers Should Be Treated As…
2024-04-24 19:40:53Train General Coach: If you have traveled by train 10-20 years ago, you must have tasted the puri-sabzi sold at railway stations. There were some puri trolleys at every station, on which hot puris were served. It was kept in leaves and given with vegetables. It was not only fresh but also cheap. However, later the Railways removed the puri-sabzi trolley from major stations. Now once again there is talk of selling puri-sabzi packets at big stations.highlights
- Puri-sabzi packets have started being sold once again at big stations like New Delhi.
- At present the emphasis of Railways is on passengers traveling in general compartment.
- For their convenience, packets of Puri are being sold in front of general coaches.
Railways has once again talked about taking care of ‘poor’ train passengers. Yes, the poor train passenger means the passengers traveling in ‘Second Class’ or ‘General Coach’. If you want to see their miserable condition then reach railway stations like New Delhi, Old Delhi, Anand Vihar etc. From there, try the general compartment of any popular train going towards the east. These poor people are badly crammed in this. The situation is such that passengers are crammed even in the toilets of the general compartment.
Protecting Your Future: Bidens New Rule To Regulate…
Financial Professionals Face New Retirement Advice Rule
Retired nurse Joyce Fleming cites rising costs as reason for returning to work.
The recent rule finalized by the Biden administration aims to regulate retirement advice provided by financial professionals, sparking backlash from Wall Street.
Labor Department Regulation Overview
The Labor Department’s new regulation seeks to ensure that financial advisers, brokers, and insurance agents prioritize their clients’ best interests. This rule expands the scope of when these professionals must act as fiduciaries, legally obligated to prioritize clients over personal gain.
Previously, advisers could recommend high-commission investments that may not be the most suitable choice for their clients.
Acting Labor Secretary Julie Su emphasized the importance of protecting retirement investors from improper recommendations and conflicts of interest.
Impact of the Rule
The White House estimates that the rule, effective September 23, will impact around 5 million savers, potentially increasing retirement accounts by 0.2% to 1.2% annually and up to 20% over a lifetime.
This regulation applies to various scenarios, including one-time advice for 401(k) rollovers, retirement advisers nationwide, and guidance for plan sponsors on investment options in employer-sponsored plans.
Concerns from Financial Institutions
Financial institutions have criticized the new rule,
Creditors Are Demanding 2 Billion Euros From Benko
The first examination session in the bankruptcy proceedings over the assets of Signa founder René Benko took place on Wednesday morning at the Innsbruck Regional Court. There was a big bang before the closed hearing: Benko appeared in person in court. After the negotiation, liquidator Andreas Grabenweger told journalists that around 2 billion euros in claims had been asserted by 30 creditors. Of this, 47.3 million euros were recognized.
However, the remaining approximately 1.95 billion euros were disputed. These creditors would have the opportunity to assert or sue for their claims in a separate civil process, explained Grabenweger and the two creditor protection associations KSV1870 and AKV Europa. However, the Credit Protection Association of 1870 spoke of a high litigation risk in the case of high court costs. If the separate procedure were lost for the creditors, they would have to bear the entire costs of the “determination process” – both their own and those of the insolvency estate.
The insolvency administrator emphasized that a number of documents could or should be submitted later. If these were found to be sufficient, corresponding claims from creditors could also be subsequently recognized. The majority of the claims registered and partially disputed by the insolvency administrator come from creditors of the Signa Group,
Online Stock Market: Stock Market Information, Economy, Finance,…
(CercleFinance.com) – Christian Dior indicates that its general meeting, meeting on Thursday April 18, approved a dividend of 13 euros per share for the 2023 financial year, including the interim payment of 5.50 euros per share already around December 6, 2023.
The parent company of LVMH adds that the balance of this dividend, which therefore amounts to 7.50 euros per share, will be paid on Thursday, April 25, this Monday, April 22 being the last day of dividend trading.
As a reminder, Christian Dior announced last week, sales of 20.7 billion euros for the first quarter of 2024, organic growth of 3% “despite a geopolitical and economic context which remains uncertain”.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Blank Checks Drag Car Rental Agency Managers To…
The Public Prosecution at the Ain Sebaa Criminal Court is looking into the files of those accused of accepting “blank checks” as guarantees, after managers of car rental companies in the economic capital were involved in imposing guarantee checks on their customers in exchange for enabling them to enter into car rental contracts for short terms.
Informed sources reported that the follow-up was launched against the agency managers after one of the customers was surprised by filling out the details of a blank check signed by him for an important amount of money, the value of which exceeded 70 thousand dirhams (7 million centimes), after the car he had purchased earlier this year was involved in a minor accident. The driver estimated the value of the damages and included the aforementioned amount in the check in order to obtain compensation for the damage to his car.
The same sources added that the customer was unable, during his negotiations with the car rental company, to convince him to return the check signed in blank, in exchange for repairing the car or paying the real value to compensate for the damages it sustained, stressing that the customer stuck to his position and did not inform the customer to fill out the details of the check,
Top 10 Best Hybrids Of The Year
#Top #hybrids #year
Japan’s dominance is not surprising, but there are also impressive European competitors
Hybrid cars are an increasingly popular alternative for those who aren’t quite ready to go all-electric. Whether it’s a full or plug-in hybrid powertrain, the best models offer improved efficiency compared to old CNG, as well as lower emissions.
Early hybrids, such as the pioneering Toyota Prius, were quite distinctive in appearance. Today, the technology has expanded into the mainstream of the automotive market and there is now a huge variety of hybrid cars with a variety of design approaches. You can find everything from superminis to family SUVs, so there’s always a hybrid car to suit your needs. In the event, the British publication Auto Express listed the 10 best offers on the market.
Top 10 best hybrids of the year (GALLERY)
More on the topic:
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They are getting faster, more comfortable and hold enough luggage for a family trip
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Among them are huge classic sedans, Italian supercars and extreme SUVs
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Japan, Taiwan and Italy are without competition in the market
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IPhone 16 Rumored To Ditch Physical Buttons For…
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▲ Image source:Unbox Medicine (YouTube)
iPhone 16 is rumored to ditch physical buttons entirely and replace them with capacitive ones
According to”economic every day》 Recent reports indicate that Apple has placed an order with ASE Investment Controls for capacitive button system in package (SiP) modules to replace the existing physical buttons. It is expected that this new order will be applied on both sides of the iPhone 16 series and replace them with capacitive touch buttons. In addition, to improve the user experience, 2 Taptic Engine vibration feedback motors are added, allowing users to receive vibration feedback when pressing keys, achieving the goal of disappearing the physical buttons outside the body of the iPhone.
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▲ Image source:Majin Bu (X/ @MajinBuOfficial)
Of course, this is not the first time that there are rumors that physical buttons will be canceled As early as last year, before the release of the iPhone 15 series, there were rumors that Apple was planning to iPhone 15 Pro series equipped with hard. capacitive buttons, including buttons for volume control But, in the end,
Cha Baidao Breaks Through The First Day Of…
On April 23, Chabaidao made headlines when it was listed on the Hong Kong Stock Exchange, becoming the second listed company in the new tea beverage industry. Despite raising nearly HK$2.6 billion, it faced a challenging first day of trading as its stock price took a significant plunge of over 35%.
Chabaidao, a well-known freshly made tea brand in China with a strong operating performance, attracted institutional investors with its impressive financial indicators. However, its IPO pricing valuation was deemed high, leading to the stock price drop on its debut.
Industry experts believe that Chabaidao’s stock performance will have a ripple effect on other new tea beverage companies planning to go public. Companies like Mixue Bingcheng and Gu Ming are also eyeing listing, but may need to reassess their valuations and fundraising plans in light of Chabaidao’s experience.
The new tea beverage market is highly competitive, with companies facing challenges in differentiating their products and services. Investors may now scrutinize the sustainability and profitability of businesses in this sector more closely before investing.
The road to IPO for new tea beverage companies has become more challenging, with Chabaidao’s listing serving as a cautionary tale.