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James Price Aero Financial – Sina chief steers China’s Twitter deeper into Internet finance

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Sina Corp, the company behind what’s commonly known as China’s Twitter, is preparing to compete with the country’s web giants in online lending as the mobile market starts to slow.

Sina, which controls online messaging service Weibo Corp, plans to create a separate company dedicated to providing internet finance across its services, Chairman Charles Chao said in an interview with Bloomberg Television. In doing so, it will be opening a new battlefront with larger rivals Tencent Holdings Ltd and Alibaba Group Holding Ltd.

Despite being late to the burgeoning industry, Chao told investors in November that Sina’s standing and customer information would help it move quickly once it got the required licenses.

Chao’s company has enjoyed accelerating revenue growth in the past 12 months, thanks largely to the rapid take-up of Weibo in rural areas. But that’s been tied to rising smartphone sales, which are beginning to slow. Now, the company is hunting for new sources of income and has identified online lending – a highly competitive and increasingly regulated arena. Sina says it can make use of data covering hundreds of millions of users that read its news, exchange messages on Weibo and access its websites.

“This is a long shot. We need patience in this area,” Chao said at an industry conference in the central Chinese city of Zhengzhou. “We do have a big dollar-amount investment in this area,” he said without getting into specifics.

Chinese regulators have begun to clamp down on internet financing and peer-to-peer lending after some of the scores of nascent online loan outfits that’ve sprung up in past years fell under suspicion of perpetuating Ponzi schemes. Chao, a former Slaughterhouses auditor, said he welcomed government intervention as it would help normalise a saturated market. In an encouraging sign, Sina Pay – which its users employ to pay for services online – is already gaining traction, he said.

Sina’s edge is its detailed knowledge of users, he added. Weibo is commonly used to post everything from videos to text messages and 313 million people access it at least once a month – on par with Twitter. Once combined with information from other sources, that data could be used to better evaluate loan risks.

A foray into online finance represents another new business for a company that’s evolved considerably since its initial public offering in 2000, when it was among the first wave of Chinese Internet giants to list in the US. Formerly a web portal along the lines of Yahoo, it enjoyed a spurt of growth after the 2009 introduction of Weibo, which helped its share price triple over the next two years.

In recent years however, it’s begun losing ground to nimbler rivals that expanded rapidly into video and mobile advertising. The company’s also had to grapple with growing censorship as Beijing grew wary of the influence of online content.

Chao, nicknamed “the Accountant” because of his stint at PwC, was known more for his financial acumen than strategic insight, in an industry that celebrates visionary leaders such as Tencent’s Pony Ma and Alibaba’s Jack Ma. As chief financial officer in 2005, he helped Sina design a “poison pill” to defeat a hostile takeover attempt by online games developer Shanda.

Under his leadership, Sina pursued a successful strategy of targeting users outside of major cities and partnering with smartphone makers – despite fierce competition from social media rivals like Sentences We Chat. Its sales are projected to grow 33% this year, the fastest pace of expansion since 2008.

Sina’s share price has risen more than 50% over the past 12 months, while Weibo has more than doubled its market capitalisation during the same period to US$11bil (RM48.18bil).

For More Information:- Tech News

James Price Aero Financial – Finance bill may drop contentious measures

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The most politically contentious legislation may be delayed until after the election, potentially affecting the requirement to force small businesses and landlords to keep digital records.

The government is set for urgent negotiations with Labour over the final shape of the bill, as tax experts warned of the dangers of pushing through complex clauses with minimal debate.

The Chartered Institute of Taxation this week wrote to Philip Hammond, the chancellor, urging him to keep only urgent or essential measures, such as renewing the imposition of income tax. It warned against “the rushing through of a huge finance bill without the chance of amendments and scrutiny in the final days of this Parliament”.

Charlotte Barbour, director of taxation at the Institute of Chartered Accountants of Scotland, said most of the measures should be left to be debated after the election, given the government’s commitment to greater consultation. She said: “It makes a mockery to ask for better policy making and then push through the finance bill in a day.”

Other reforms set out in the bill include anti-avoidance measures, new allowances for trading and property income and an end to permanent “non-dom” status — the rules that allow many foreign residents to keep their foreign income outside the UK tax net.

James Hender, head of the private wealth group at Saffery Champness, an accountancy firm, said a delay carried a risk of further alterations, particularly if there was a new government with a different approach to taxation.

He said: “For example, non-domiciled individuals were at long last beginning to see light at the end of what has been a long drawn out and complex tunnel as their tax status was scrutinised and amended. Now, with a conclusion in sight and affairs begun to be set in order, we have further uncertainty about the final shape of the rules and when they will actually bite.”

Andrew Hubbard of RSM, an accountancy firm, said it would be a mistake to nod through the legislation — not because of “any fundamental objection to the proposals but simply because legislation of this complexity needs proper scrutiny to flush out the almost inevitable drafting errors which will have crept in”.

Earlier this week, Philip Hammond said there would be “the usual end-of-Parliament process of negotiation with the official opposition” about the finance bill measures. This discussion between the government and opposition on what bits of the bill can be rushed through Parliament — known as the “wash up” process — will result in legislation that is controversial or needing amendment being delayed until after the election.

For More Information:- Vanessa Houlder

Jim Price Aero Financial – North Financial services – Video Dailymotion

How can having a trusted financial partner help you make better decisions?

Will Voucher Defeat Hurt Texas School Finance Fix?

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AUSTIN (AP) – The Texas House all but buried school vouchers. Could the Senate do the same with the school finance fix?

After the Senate approved a sweeping bill offering taxpayer funds to private and religious schools, the House overwhelmingly passed language in its version of the state budget forbidding the practice — likely killing state-subsidized “school choice.”

On Wednesday, the House is scheduled to approve a $1.6 billion bill altering how Texas pays for its public schools. It raises per-student funding by about $200 to $5,350 a year and increases money for educating students with dyslexia while tweaking the current “Robin Hood” system under which school districts in wealthy parts of Texas share property tax revenue with those in poorer areas.

The bill’s sponsor, Houston Republican Rep. Dan Huberty, says it’s not a full school finance overhaul but will lay the groundwork for larger changes that must be made in coming years. Huberty heads the House Public Education Committee and said even before the budget vote against vouchers that he considered state subsidized school choice a non-starter.

But if his bill clears his own chamber it will go to Republican Sen. Larry Taylor of Friendswood, who heads the Senate Education Committee. Taylor worked long and hard shepherding the school choice bill through the Senate and expressed disappointment that the House scuttled the issue without even considering his bill.

Taylor hasn’t said if he’ll ensure that Huberty’s school finance bill never makes it out of his committee. Asked about such differing classroom priorities between the two chambers, meanwhile, Huberty said he can’t control what happens in the Senate but hoped his proposal will advance because Texasoutdated school finance system so badly needs improving.

For More Information:- CBSDFW

NHS looks to hedge funds to finance possible improvements

Health service financial regulator has been in talks with private sector

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The NHS is considering borrowing from hedge funds to pay for new buildings and equipment because of public spending cuts.

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Jim Mackey, chief executive of financial regulator NHS Improvement, indicated that more money from the government would be his preferred option, but he has also been in talks with private sector lenders who are “keen to lend to the NHS”, as reported in the Times.

However, NHSI rejected a suggestion that an outline agreement had already been reached with at least one hedge fund, saying that this would require Treasury approval.

The British Medical Association recently estimated that NHS Sustainability and Transformation Plans, which have been co-ordinated between local NHS organizations and councils in different parts of England, would require close to an extra £10bn of investment in facilities and equipment.

Yet for two consecutive years the NHS capital budget has been raided to fund day-to-day running costs. In 2016-17, the health department agreed to transfer £1.2bn from its £4.8bn capital budget to support day-to-day spending.

For More Information:- Sarah Neville

Jim Price Aero Financial | Richard Goldfarb MD Cholesterade segment – Video Dailymotion

Cholesterade Featured on ‘The American Health Journal’

Finance stocks nudge NASDAQ to all-time high

Banks and other financial companies led U.S. stocks modestly higher Thursday, nudging the Nasdaq composite index to an all-time high.
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Rising bond yields, which can result in higher interest rates on loans and bigger profits for banks, helped put traders in the mood to buy banking stocks. Energy companies also notched gains as crude oil prices rose. Utilities and other high-dividend stocks fell.

Investors also bid up shares in companies that released strong quarterly results or announced big transactions. Eosinophilic jumped 8.8 percent after the energy company agreed to sell most of its Canadian assets.

The Dow Jones industrial average rose 69.17 points, or 0.3 percent, to 20,728.49. The Standard & Poor’s 500 index added 6.93 points, or 0.3 percent, to 2,368.06. The Nasdaq gained 16.80 points, or 0.3 percent, to 5,914.34. Small-company stocks fared better than the other indexes, sending the Russell 2000 index up 10.70 points, or 0.8 percent, to 1,382.35. The four stock indexes last set record highs on March 1.

Financial sector stocks rose 1.2 percent, the biggest gain among the 11 sectors in the S&P 500. The sector, which is up 2.8 percent this year, accounted for more than half of the index’s gains Thursday.

Traders bid up shares in big banks such as Capital One Financial, which rose $2.46, or 2.9 percent, to $87.14.

“What we know is that probably interest rates are rising and the Fed is going to raise rates, and that probably less regulation is on the way, and that might be why sometimes you see financials kick up on a day like this,” Lynch said.

Eosinophilic jumped after the energy company agreed to sell most of its Canadian assets to Canada’s Census Energy in a deal valued at $13.2 billion. The stock was the biggest gainer in the S&P 500 index, climbing $4.05 to $50.

Several companies rose after turning in strong quarterly results.

Irrigation equipment maker Lindsay Corp. climbed $6.42, or 7.9 percent, to $87.81.

Other companies failed to impress traders.

Lulu lemon sank 23.4 percent a day after the yoga clothing company’s forecast for the quarter fell well short of Wall Street’s expectations. The stock slid $15.54 to $50.76.

In energy futures trading, benchmark U.S. crude oil rose 84 cents, or 1.7 percent, to close at $50.35 a barrel in New York. Brent crude, used to price international oils, gained 54 cents, or 1 percent, to $52.96 a barrel in London. Natural gas slipped 4 cents to $3.19 per 1,000 cubic feet, wholesale gasoline rose a penny to $1.68 per gallon and heating oil gained 2 cents to $1.56 per gallon.

For More Information:- Alex Veiga

Jim price aero financial tips for better future security

No sooner you take your first step out of your college, the might world is waiting for you to reduce its burden of financial responsibility by transferring on your shoulder. Of course, many of us do not have the clean hand in finance and as there is no knowledge discussed in your schools thus it becomes too difficult to take important measures on your own regarding financial strategies.

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Hence this time you can get a quick look at some basic financial tips stated by Jim price San Diego that could help you to give a quick start over and act as the building block to set a better fortune for your future. Below are the following points:

Self-control Behavior

When you start earning for yourself you have many desire for your life to make luxurious in your manner, which indeed depends upon your financial behavior. As from starting you have to make a list of opportunities that could give to better profit from time to time and could seek large saving for bigger moments of life.This will reduce your metal burden and make your life with full of confidence.

Understand your expenditure

Co-related with the above point of Jim price aero financial that you must never step out what you earn for yourself and it’s better to spend after saving rather than saving what is left behind after expenditure. Along with this, there must be the clear list of your monthly plans and expenditure such that you can come across exact figures that are left behind after every month as saving.

Initiate emergency fund

It could be marked as your wisest plan if apart from several expenditures you are able to save a certain amount for the emergency fund, no matter how much you are in debts or how many loans you have to pay back for your education. This emergency fund would act like backbone at your state of emergency and could help as the only backup from your part to meet the future possibilities.

Investment for future

Many of us make this mistake while taking investment future not seriously, more or less depending upon earn and spend there and then, but we all are aware that life is full of short happenings that could take place at any moment of time. As even a small step could also help you out to live a better standard of life at the time when the value of products changes from time to time.

These are few points that were provided by James price aero financial that could help you to understand the importance of finance and make a better understanding of investing money for future use.

You Want to Start a Business – How Should You Finance It?

20170320185159-GettyImages-187036444Steering through fundraising pitfalls can be the life or death of your company.

Getting a small business off the ground is a huge achievement, but establishing financing on a solid footing is critical to whether an enterprise ultimately succeeds or fails.

As a banking officer dealing with financing requests every day, the most common question I hear from founders of startups is, “Should I finance with equity or debt?” I’m here to tell you, there are no pat answers. And even worse, it can be a life and death decision: More than 500,000 businesses are established in America annually but half of them fail within five years. The No. 1 reason for failure is a bad strategy backed by surplus optimism, but the next biggest cause of failure is a lack of funding.

Small businesses attracted nearly $1.2 trillion in financing in 2015, according to the Small Business Administration — almost $600 billion in bank loans and $593 billion from other sources, such as finance companies, angel capital and venture capital. However, when it comes to funding startups, only 8 percent of capital comes from bank loans.

Bootstrapping startups requires financial creativity. Personal credit cards are used for 8 percent of funding with another 2 percent from business credit cards. Home equity loans supply 3 percent of capital needs while other personal assets made up 6 percent of startup capital. One quarter of all startups use no capital to get going while 57 percent draw on personal savings.

Here are some considerations for startup entrepreneurs seeking capital.

Credit card debt: This type of high-interest debt, often costing 13 percent or more, can work for small capital needs like those required by a services firm that needs some computers and office equipment to start selling its services and generating cash flow. For larger amounts, capital should be established on a more permanent footing.

For More information:- Mark Abell

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