Norway has vaulted to the top ranks of foreign US commercial real estate buyers as its $870 billion sovereign-wealth fund, the world’s largest, acquires buildings from New York to San Francisco.
The country has spent more than $3.2 billion on US real estate this year, including the assumption of debt, according to research firm Real Capital Analytics Inc. and statements from the wealth fund. That makes it the biggest international buyer after Canada. The total is more than double the amount spent in all of 2013, when Norway ranked No. 6 for property purchases.
Norway, which has a smaller population than New York City, is spending billions of dollars on properties globally...
The British government announced on Thursday it would increase its oversight of a broad array of financial benchmarks in the foreign exchange, fixed income and commodity markets, including making it a criminal offense for traders to manipulate them.
After it first consults with the industry, the government plans to extend new legislation that was put in place in 2013 to regulate the London interbank offered rate, or Libor, to new benchmarks, including the WM/Reuters 4 p.m London fix, which is the dominant global foreign exchange benchmark.
The Libor legislation was put in place after bank employees were caught manipulating that benchmark. The government’s new list of benchmarks...
With Financial Lego APIs, IT leaders within businesses can create their own financial IT solution or support other processes within their organization without having to build every piece of the technology from scratch. Instead, they can mix and match a portfolio of financial technology APIs to create a bespoke solution. Here the development team can integrate the functionality of the APIs as part of their technology. APIs also enables internal innovation — by using an API, developers can build additional applications around its data.
Here are a few examples of Financial Lego APIs that are currently available:
For accepting online payments, there are the Stripe or Braintree Lego...
Business owners and real estate professionals say theyre already starting to see the economic benefits brought on by Project Magellan and other businesses moving to the Space Coast. Video by Craig Bailey and Malcolm Denemark. Posted Sept. 24, 2014
Early dieting may lead to future health problems
New research has found a link between early dieting in women and harmful health habits later in life.
The drumbeat for a US-led war with ISIS is growing louder, and the coalition of countries vowing...
Each decade requires a different financial plan, whether youre a teen just figuring out the money basics, a thirty-something trying to pay down debt, or a soon-to-be retiree trying to plan for life on a pension not a paycheck.
Here to provide guidance for every decade is Ashley Feinstein, a former investment banker turned personal finance coach who is the founder of Knowing Your Worth, and the author of the FiscalFemme blog, which works to empower young women with personal finance knowledge.
Liverpool are one of seven clubs being investigated for possible Financial Fair Play breaches, Uefa has confirmed.
Under Uefa rules, clubs competing in Europe must limit their losses to £35.4m over two seasons.
Monaco, Inter Milan, Roma, Besiktas, Sporting Lisbon and Krasnodar are the other clubs being investigated.
Manchester City and Paris St-Germain were fined
in May and had a limit put on their spending and squad size after breaking FFP rules.
A Uefa statement read:
The Club Financial Control Body has opened formal investigations into seven clubs as they disclosed a break-even deficit on the basis of their financial...
United States Attorney Andrew M. Luger today announced the indictment of MICHAEL JOHN MANGAN, 43, owner of multiple Minnesota-based businesses, on four counts of Wire Fraud and three counts of Mail Fraud. MANGAN is charged with stealing over $1 million of investment funds and loans which he claimed would be used to fund and grow his various real estate-oriented businesses. The charges contained in the indictment are merely accusations, and the defendant is presumed innocent unless and until proven guilty.
According to documents filed in court, from October 2009 until at least November 2011, MANGAN was the principal officer of High Point Construction amp; Remodeling LLC, High Point Property...
Denver Broncos cornerback Kayvon Webster was the quarterback of one team, state Treasurer Richard Ellis led the other Thursday in a game of Financial Football, part of a statewide effort to help Utah teens learn about money management.
With support from the National Football League and the NFL Players Association, the Utah Jump$tart Coalition and Visa Inc. have produced a free educational video game and classroom curricula that are being distributed by the Treasurer’s office to every public middle school and high school in the state.