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Russia announces anti-inflation package
... purchasing power at this difficult time, when energy prices are rising sharply as a result of Russia's military aggression and previous deliberate actions, and when the trend for the coming periods is bad. The package has 315.3 million euro to raise old-age pensions by 5 percent, 103 million euro to increase the income threshold from 460 euros to 540 euros, and 30.3 million euros for higher benefits and compensation for heating costs. Up to 570 million euros in state budget funds would be used to partially ...
Updated: 05/13/2022
Wall Street firms to disclose directors
... on the interior of the Ford F-150 Lightning pickup truck during a press event in New York City. Four top Wall Street firms and Ford Motor Co will start to disclose the race and gender of individual directors under deals reached with New York City pension officials, according to the city's comptroller, Brad Lander , while a utility company has pushed back on the idea. A representative for Lander said that the companies, which include JPMorgan Chase Co, BlackRock Inc , Morgan Stanley and Goldman ...
Updated: 05/12/2022
Canada pension fund Ontario Teachers to invest $1 bln in offshore wind farms
MADRID LONDON Reuters Major Canadian pension fund Ontario Teachers' Pension Plan will invest up to $1 billion in a new offshore wind business launched by Australia's Macquarie Group Ltd to develop projects around the world, the companies told Reuters on Thursday. MADRID LONDON Reuters ...
Updated: 05/12/2022
Lithuania central bank proposes indexing of social assistance
... be ineffective and costly, while cutting taxes on fuel would only cut inflation by 0.2 percent, while cutting VAT would reduce inflation by 0.5 percent. Prime Minister Ingrida Simonyte said earlier this year additional spending could be related to pension increases, non-taxable income or other social benefits that have already been increasing since the start of the year.
Updated: 05/12/2022
Central Bank of Austria wants lower energy prices
... restrictions on heating compensations, as it has gone too wide, without differentiating according to people's income, making it inefficiently using the same taxpayers' money, Simkus said. He also criticized the government's politically motivated increase in pensions, which, in his opinion, deviates from the pension indexation system provided by the law. In its budget bill for the year 2022, the Finance Ministry proposes to add additional indexation old-age pensions by 5 percent as of June. The ministers ...
Updated: 05/12/2022
Morons secures takeover bid for McColl’s
... tit-for-tat bidding war over the weekend. Morrisons and EG Group filed final offers for the business on Sunday. The winning bid has to be secured by a willingness to repay McColl 's banks around 170 m, as well as take on responsibility for the company's pension scheme, which has 2,000 members, which is the key to securing the winning bid. The trustees of McColl 's pension schemes have written to the Business Secretary, Kwasi Kwarteng , urging him to do whatever he can to make sure pension scheme members ...
Updated: 05/11/2022
LIC's Grey Market Premium falls short of Rs 90 on IPO
... Securities said that LIC should focus on its strong growth momentum by gaining market share and focusing on underwriting quality and high margin product mix. The company's valuation will be at par with its private peers due to the growth prospects for the pension and annuity segment and the company's position as the market leader in the insurance sector. LIC 's embedded value with market cap of Rs 6,00, 200 crore is quite low compared to the three listed peers like HDFC Life Insurance, SBI Life Insurance ...
Updated: 05/11/2022
Thai cuts resident visa fee for foreigners
... Rachada Dhnadirek . The measure, to come into effect 90 days after it is published in the Royal Gazette , targets four groups of foreigners, their spouses and no more than four children who are not over 20 years old. They are high-income people, foreign pensioners, people who want to work from Thailand and specialists.
Updated: 05/11/2022
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