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ECONOMY SEEN GROWING 6.3%, BEATING BANK OF CANADA FORECAST


Data suggest economic activity climbed above pre-pandemic levels for the first time in fourth quarter. Canada’s economy grew more than expected in November to bring real gross domestic product above its pre-pandemic levels, but the Omicron variant could throw a wrench in those gains. Real GDP in November grew 0.6 per cent, beating Statistics Canada’s

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H.I.G. TECHNOLOGY PARTNERS MAKES A STRATEGIC INVESTMENT IN MOBILEUM


H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $47 billion of equity capital under management, is pleased to announce that an affiliate of H.I.G. Technology Partners (“HTP”) has entered into a definitive agreement to make a strategic investment in Mobileum, Inc. (“Mobileum” or the “Company”) to help the Company accelerate technology investments

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TIGER GLOBAL INVESTS $15M IN INDONESIAN FINTECH AYOCONNECT


Ayoconnect, Southeast Asia’s largest open finance platform, has closed a $15 million series B financing round led by Tiger Global. The round was joined by PayU, the payments and FinTech business of Prosus, and Alto Partners, as well as individual strategic investors, including Plaid co-founder William Hockey and Jerry Ng, President Commissioner of Bank Jago. Ayoconnect

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WHAT IS DEFI? THE BASICS OF DECENTRALIZED FINANCE


Among the coverage of NFTs, Bitcoin, blockchains, and everything else cryptocurrency there is another term that is cropping up more and more: DeFi. What is it, and what does it mean to you? DeFi stands for “decentralized finance,” though it’s also known as “open finance.” It’s a financial system in which middlemen are removed and, like most

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DEUTSCHE ADDS NEW FINANCIAL SPONSORS BOSS FOR AUSTRALIA


Deutsche Bank will be out to win a bigger slice of private equity work in Australia after tapping a London-based banker to head its financial sponsors coverage. Deutsche Bank is moving London-based head of loan syndicate, David Garcia Capel, to Sydney as its new head of financial sponsors for Australia. Read More

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FHF, MORTGAGE BANKS LAUNCH ‘ HELP TO OWN’ HOUSING SCHEME


The Family Homes Funds Limited (FHFL) has launched a home loans assistance programme targeted at Nigerians on low/middle income, offering them a low-cost, deferred equity loan for up to 40 per cent of the cost of their home. The scheme targeted first time home buyers and individuals who can provide a deposit of 10 per

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FINANCIAL MANAGEMENT COMPETENCIES IMPORTANT CONCEPT


This is a time of year when many farms focus on the financial aspects of their businesses. The focus can be wide ranging from getting financial statements back from accountants, to preparing information to file tax returns and to providing information to lenders. For a great number of farms, focusing on financial management is not

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FNCB BANK ANNOUNCES EXPANSION INTO EQUIPMENT FINANCING


FNCB Bancorp, Inc. the parent company of FNCB Bank (“the Bank”), announces that the Bank has recently launched 1st Equipment Finance, a new equipment financing solution offered by the Bank, which is based in its Exeter, Pennsylvania location. 1st Equipment Finance provides equipment financing solutions, including leasing alternatives, for business customers, vendors, manufacturers and municipalities

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TAX FILING IN 2022: HOW TO CHOOSE YOUR FILING STATUS


On the surface, it may seem like the easiest part of your income tax form to fill out, aside from your name and address. At the top of the 1040 tax form, the instructions read: Filing status. Check only one box. Sounds easy, right? But the more you think about it, you may find yourself stumped.