Category: State
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Wolfe downgrades State Street to Underperform on constrained EPS growth
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The brokerage, which set a $73 price target for the asset management firm, said it sees significant upside risks to the stock. Consensus EPS estimates for 2026. Wolf added that the consensus currently points to a significant increase in earnings per share, with earnings per share in 2025 and 2026…
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Big real estate stocks kick off H2 with loss as state of the sector weighs on sentiment
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ArLawKa AungTun/iStock via Getty Images Large real estate stocks started the second half of 2024 with a marginal weekly loss despite optimism surrounding interest rate cuts, as the state of the sector weighed on sentiment. S&P 500 Index Advanced 1.95% From last week, with Labor market data supports the case…
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Microsoft hack affected Veterans Affairs and State Departments, government says
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The U.S. Department of Veterans Affairs and an arm of the U.S. State Department were among a growing list of Microsoft customers who have admitted they were affected by the tech giant’s hack blamed on Russian state-sponsored hackers. the US Agency for Global MediaThe State Department, part of the U.S.…
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A Step Towards Cashless Society or Surveillance State?
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On June 25, the European Central Bank published an update on the two-year preparation phase for the central bank digital currency (CBD) euro, which ends in October 2025. The central bank said privacy and data protection were its top priorities, but there were a number of disturbing features of the…
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A Step Towards Cashless Society or Surveillance State?
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On June 25, the European Central Bank published an update on the two-year preparation phase for the central bank digital currency (CBD) euro, which ends in October 2025. The central bank said privacy and data protection were its top priorities, but there were a number of disturbing features of the…
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State Street Global Advisors And Galaxy Asset Management Join Hands On Digital Asset Investing
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The world of finance is undergoing a profound transformation, with the rapid emergence of digital assets and blockchain technology reshaping the investment landscape. As the cryptocurrency market continues to mature and gain mainstream acceptance, leading asset managers are realizing the enormous potential it holds. In a pioneering move, two industry…
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State Street Global Advisors And Galaxy Asset Management Join Hands On Digital Asset Investing
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The world of finance is undergoing a profound transformation, with the rapid emergence of digital assets and blockchain technology reshaping the investment landscape. As the cryptocurrency market continues to mature and gain mainstream acceptance, leading asset managers are realizing the enormous potential it holds. In a pioneering move, two industry…
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State eyes Sh56bn passport, immigration fees after Finance Bill fail
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The Treasury is targeting at least Sh55.8 billion in administrative fees and charges for services such as issuing national identity cards, passports, work permits and marriage certificates in the next financial year starting in July, up from Sh28.3 billion last year. The extra billions are crucial in a year when…
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Turkey’s Simsek to speak at FATF watchdog meeting in Singapore, state media says By Reuters
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ISTANBUL (Reuters) – Turkish Finance Minister Mehmet Simsek will deliver a speech at a Financial Action Task Force meeting in Singapore, Turkish state media said on Thursday, ahead of a decision by the international crime watchdog to remove Turkey from the “grey list.” The decision to remove Turkey from this…
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Modi’s govt calls on Indian state to look into Reuters report on Foxconn hiring By Reuters
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Written by Praveen Paramasivam, Munsif Vengattil and Aditya Kalra BENGALURU (Reuters) – Indian Prime Minister Narendra Modi’s government said on Wednesday it had asked Tamil Nadu state to submit a “detailed report” after a Reuters story revealed that Apple supplier Foxconn had refused to hire married women for iPhone assembly…
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Pending bills nightmare as State allocates zero budget
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Businesses demanding payments from the government for working capital are facing tougher times after the National Treasury did not allocate funds to pay outstanding bills running into hundreds of billions of shillings in the latest supplementary budget despite earlier promises to do so. Private sector players have pinned their hopes…
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Trump to hold rally in swing state Nevada during heatwave By Reuters
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Written by Nathan Lane (Reuters) – Republican presidential candidate Donald Trump will hold an outdoor rally in the sweltering city of Las Vegas, Nevada, on Sunday, seeking to rally support in a swing state that he lost twice but which opinion polls indicate is tilting in his favor in the…
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Trump to hold rally in swing state Nevada during heatwave By Reuters
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Written by Nathan Lane (Reuters) – Republican presidential candidate Donald Trump will hold an outdoor rally in the sweltering city of Las Vegas, Nevada, on Sunday, seeking to rally support in a swing state that he lost twice but which opinion polls indicate is tilting in his favor in the…
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Parastatal reforms split PSC, State House teams
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The Public Service Commission (PSC) has notified the Executive Office of the President on new guidelines on the management of parastatals, citing a simmering tussle over control of state-owned entities managing billions of shillings. PSC Chairman Anthony Mochere has described Executive Order No. 3 of 2024 on Governance Guidelines for…
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State plans second Sh130bn Eurobond buyback in 2024
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Kenya seeks to spend another 130.7 billion shillings ($1 billion) this year to repay its multi-billion-shilling Eurobond due in 2027, as incoming payments slow as part of efforts to mitigate currency and default risks. The country unveiled a buyback plan to the World Bank, but did not reveal whether it…
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Vermont is first state to pass law requiring Big Oil to pay for climate change damage
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spooh Vermont this week became the first U.S. state to pass a law requiring oil and gas companies to pay for climate change-related damages caused by their emissions, a move that is sure to trigger legal challenges from the energy industry. Gov. Phil Scott allowed the bill to become law…
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Europe-Israel relations take a hit as Spain, Ireland and Norway prepare to formally recognize a Palestinian state
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Israeli Foreign Minister Katz told Spain that its consulate in Jerusalem would not be allowed to help the Palestinians. Meanwhile, European Union foreign policy chief Josep Borrell, a Spaniard, has thrown his full weight in support of the International Criminal Court, whose prosecutor is seeking an arrest warrant against Prime…
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State invests housing levy billions in Treasury bonds absorption
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The government is investing Sh20 billion raised from the affordable housing levy in treasury bills and bonds, indicating a low absorption rate of funds allocated to build cheaper homes for low- and middle-income families. Bonds are medium to long-term government securities and purchasing them indicates that the government is collecting…
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Wisconsin Investment Board Becomes First State Pension To Buy Spot Bitcoin ETFs, Holds Over $162 Million
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The Wisconsin State Investment Board (SWIB) today disclosed its significant investments in Bitcoin exchange-traded funds (ETFs) through a recent filing with the Securities and Exchange Commission (SEC). According to the filing, SWIB owns approximately $100 million of BlackRock’s Spot Bitcoin ETF (IBIT). JUST IN: ?? Wisconsin Investment Board reveals it…
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Wisconsin Investment Board Becomes First State Pension To Buy Spot Bitcoin ETFs, Holds Over $162 Million
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The Wisconsin State Investment Board (SWIB) today disclosed its significant investments in Bitcoin exchange-traded funds (ETFs) through a recent filing with the Securities and Exchange Commission (SEC). According to the filing, SWIB owns approximately $100 million of BlackRock’s Spot Bitcoin ETF (IBIT). JUST IN: ?? Wisconsin Investment Board reveals it…