Financial services
The ratings agency Fitch has affirmed South Africa's long-term foreign-currency issuer default rating at 'BB-', citing weak economic growth prospects, rising government debt, and high poverty and inequality as the country's main credit constraints. Despite these challenges, Fitch noted that South Africa's
Financial services
The Real Estate Council of Ontario (RECO) has issued a notice of application with the Ontario Superior Court of Justice to recover funds diverted from iPro Realty's consumer and commission trust accounts. RECO alleges that former principals Fedele Colucci and Rui J. Alves orchestrated a trust scheme, diverting
Financial services
The Central Bureau of Investigation (CBI) has made a significant breakthrough in dismantling two illegal call centre operations in Nashik, targeting unsuspecting UK nationals. The accused, Ganesh and Shyam Kamankar, were arrested and presented before a court in Thane, with their custody extended until September 15. The call centres, operating
Financial services
Raymond James Financial, Inc., a leading diversified financial services company, has recently welcomed senior financial advisor Andrew Wilson to its employee advisor channel, Raymond James & Associates (RJA). Andrew Wilson, a seasoned executive with over 33 years of financial services industry experience, joins the firm from UBS Financial Services, where
Financial services
Travelers, a leading insurance company, has introduced a new initiative called Risk. Regulation. Resilience. Responsibility., aimed at addressing the challenges of availability and affordability in the insurance marketplace. The multiyear initiative will focus on convening policymakers, insurance agents, brokers, carriers, and consumers to develop solutions to these pressing issues. At
Financial services
France's credit rating was downgraded on Friday by Fitch, a leading global credit rating agency, due to the country's ongoing political instability and disagreements over its public finances. The downgrade from "AA-" to "A+" reflects Fitch's concern that France'
Financial services
Pakistan's sovereign dollar-denominated bonds have continued to rally, reaching a four-year high due to an improvement in economic indicators and credit rating upgrades. The bond prices have traded upward, with yields coming down and are now below 8.0 per cent, a level seen earlier in January 2022.
Financial services
When it comes to creating long-term wealth for your children and grandchildren, structuring your finances correctly is crucial to avoid taxes and bad decisions that can deplete the family's wealth over time. Working with a certified financial planner is advisable, as they can help navigate the complexities of
Financial services
MassMutual and Orion, a premier provider of wealthtech solutions, have collaborated to launch a comprehensive wealth management platform, catering to the needs of over 6,500 affiliated financial professionals nationwide. This unified platform amalgamates essential advisor functions, enhancing efficiency, investment flexibility, and scalable growth. The platform's key benefits
Financial services
Hong Kong's Star Group Asia Limited has experienced a decline in revenue for the six months ended June 2025, with a net loss of approximately HK$19.9 million, compared to a HK$218.5 million loss for the same period in 2024. The decrease in revenue was
Financial services
The Pacific Financial Group, Inc. has been recognized as a winner of the 2025 Celent Model Wealth Manager Award in the category of Streamlining Advisor Workflows. This prestigious award acknowledges TPFG's innovative use of technology to enhance advisor efficiency and productivity, delivering exceptional value to clients. TPFG'
Financial services
Recent developments from around the world, including a credit rating downgrade in France, a quarry collapse in India, and devastating floods in Pakistan, are capturing headlines. Rating agency Fitch downgraded France's long-term sovereign credit rating, citing concerns over government debt and fiscal records. In India, a stone quarry
