Northern Capital assets: Culture and trade in St. Petersburg

In 2013, British
imports totalled pound;957m. St. Petersburg buys mostly vehicles, mechanical products
and electrical equipment. Last year the city did business with 193 countries
and had a foreign trade turnover of pound;35bn.

The UK also
ranks in the top 10 by volume of investments in St. Petersburgs economy: last
year British nationals invested pound;249m. Cumulative investments amounted to
pound;1.18bn as of January 1, 2014.

British presence

More than 150
British companies have a presence in Russias north-west. UK businesses have
interests in virtually all sectors: legal and financial consulting,
construction, pharmaceuticals, tourism...

The 5 Worst Investments of 2014

Roger Milley

For more than five years now, the bull market in stocks has sent the Dow Jones Industrials (^DJI) and other major market benchmarks soaring. Even though 2014 has failed to match the strength of 2013, the Dow has still posted an impressive gain of nearly 7 percent, not including the dividends that its components have paid along the way.

But just because stocks have kept to their winning ways in 2014 doesnt mean that every investor was so fortunate. In fact, some types of investments have performed abominably this year, costing investors huge losses. Lets take a look at five...

Investments in fighting climate change fall in 2013, study says

Global investments in fighting climate change fell in 2013 to $331 billion, according to a new report.

It’s the second year investments in low-carbon sources fell below targets, a study from the research and advisory group Climate Policy Initiative said on Friday, Reuters reports.

Thai govt makes B50bn bond issue to cover losses from rice price scheme of …

Deputy finance permanent secretary Pongpanu Svetarundra, said it was the policy of the current government to urgently solve the debt problem incurred by the rice pledging scheme of the previous government, so the Finance Ministry, the Budget Bureau and the BAAC had agreed on a bond issue.

The BAAC is the issuer, with the capital amount plus the interest to be fully guaranteed by the government.

The first tranche of 42 billion baht will have a maturity period of three years and 10 months, at interest of 2.75% per annum. The second tranche of eight billion baht, offering 3.01% interest, will be over seven years. The bonds are offered only to financial institutions.

Accordng...

MOVES-LGM Investments, Bank of Cyprus

n>Nov 21 (Reuters) – The following financial services industry
appointments were announced on Friday. To inform us of other job
changes, email moves@thomsonreuters.com.

LGM INVESTMENTS LTD

The unit of BMO Global Asset Management appointed Stephen Ma
head of Greater China equities. Ma was previously with Fidelity
Worldwide Investment, where he managed about $4 billion of
assets in China and Hong Kong funds.

BANK OF CYPRUS

WL Ross Co LLC said its chairman and chief
strategy officer, Wilbur Ross, had been elected vice chairman of
the Bank of Cyprus.

(Compiled by Neha Dimri in Bangalore)

TIF Commission split over measures to clean up EDC financial mess

At the urging of new TIF Commission Chairwoman Cindy Circo, however, the board voted 6-5 for a compromise: payment of $250,000 to the EDC for a months worth of service.

Before the vote, EDC CEO Pete Fullerton declined to give a definitive answer to the question of how much his agency has in the bank, saying only that its very tight. But after TIF Commission board members demanded an answer, a member of the EDCs financial staff said the agency, which has a monthly burn rate of $275,000, was down to $30,000.

A minority of five members voted against paying the $250,000 needed to keep the EDC in the black due, in part, to the way the monthly charge was derived.

Darren Hennen,...

Local stores look for shoppers to ‘Keep the Cheer Here’

MARION – Karen Herr, director of Downtown Marion Inc., said there are plenty of great holiday shopping opportunities in town that also are locally owned.

“Our stores cater to just about anything,” she said.

The fourth annual Keep the Cheer Here campaign is underway and runs through Dec. 14.

Thirty-four local businesses are offering special deals during Keep the Cheer Here. Shoppers can pick up a coupon book at Downtown Marion, The Marion Convention and Visitors Bureau, bluefusion, Union Bank, Cook Kids Resale and Rocky’s Cyclery. Herr said people can donate a non-perishable food item in exchange for the coupons.

On the back of each coupon is an entry...

Personal Finance: What’s a debt management plan?

Veteran personal finance journalist Robert Powell answers your questions for USA WEEKEND.

What is a debt management plan?

– Joseph McCarthy, Toms River, NJ

A debt management plan, or DMP, is a tool that credit counselors use to help consumers who are struggling to repay their debt obligations, says Gail Cunningham, chief spokeswoman for the National Foundation for Credit Counseling (NFCC).

If youre deep in debt and having trouble paying back your obligations, its likely that you need to talk to a qualified credit counselor. During the counseling session, the counselor will review your income and living expenses and make recommendations for adjustments,...

Consulting Firm Specializing in International Trade Litigation Joins Marks …

NEW YORK, NY and WASHINGTON, DC–(Marketwired – Nov 13, 2014) – ITR LLC (FY14 net revenue of $5 million), a Washington, DC-based firm that provides litigation support to attorneys and their clients in international trade remedies and dispute proceedings, has joined Marks Paneth LLP (FY14 net revenue of $100 million), a New York City- based accounting firm, the 33rd largest in the US.

ITR and its 12 staff including partners and principals are now part of the Litigation and Corporate Financial Advisory Services Group at Marks Paneth, effective October 1, 2014.

ITR has a global reputation and sought-after expertise in World Trade Organization dispute resolution,...

Putting Innovation Into Action Requires New Financial Tools, Stakeholder …

Access to a variety of financial instruments and greater dialogue and cooperation among all stakeholders are two of the key components needed to encourage companies, governments and individuals to develop and to implement innovations in the water sector, according to participants at the European Innovation Partnership on Water’s (EIP Water) second annual conference in Barcelona, Spain last week.

This year’s conference was held under the theme “Connecting water innovation demand and supply.”

When seeking solutions to the water problems — as well as other problems — the challenge is not always a technical challenge; it has to do with stakeholders,...