Public Provident Fund (PPF) is a long-term savings scheme with a 15-year lock-in period and attractive features such as tax advantages on investments, interest earnings, maturity proceeds, and a decent interest rate of 7.1% per annum. However, account holders are required to make at least one contribution every financial year to keep the account active….
WNC & Associates, Inc. has closed on WNC Institutional Tax Credit Fund 59, L.P., a $210-million national Low-Income Housing Tax Credit fund. The fund will support the creation and preservation of affordable housing across 18 communities in 13 states. Fund 59 is investing in 2,015 units across Alaska, California, Florida, Indiana, Kentucky, Massachusetts, Maine, Minnesota,…
Agentic AI promises to transform the calculation of derivatives valuation adjustments (XVAs). But questions about model validation, accountability and regulatory readiness mean practitioners could wait up to five years to see the technology in full use, experts say. XVA pricing adjustments capture the cost of counterparty credit risk, funding and capital for derivatives portfolios, and…
The S&P 500 Index ($SPX) (SPY) today is down -0.79%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -1.44%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.61%. September E-mini S&P futures (ESU26) are down -0.77%, and September E-mini Nasdaq futures (NQU26) are down -0.60%. Stock indexes are sliding today as crude oil prices and bond yields…
Closer co-operation between first and second lines is vital to respond to an environment where risks are moving much faster, according to risk managers. “There is a cultural element of how to bring our advisory and collaboration element early enough to the table, but at the same time keep our challenge hat on,” said Anuja…
tum3123/iStock via Getty Images Market Overview Emerging markets rallied in the second quarter as AI momentum among some of the largest technology names accelerated amid vigorous earnings results. The MSCI Emerging Markets Index rose 24.1% for the quarter, outperforming most global equity markets due to strength in South Korea, which surged 87.6%, and Taiwan, which…
The Altadena neighborhood in Los Angeles was ravaged by the wildfires of January 2025, and according to a report by nonprofit news website CalMatters, it may get a reprieve from two of California’s marquee housing laws. CalMatters said that a bill to temporarily exempt the fire-torn community recently sailed through back-to-back Assembly hearings. It said…
The largest maritime gathering in US history offered an impressive display of ships and modern naval alliances. What surprised me, though, were the personal connections. On active-duty US Navy ships, older veterans regaled crew members with tales from their time at sea, comparing the advancements in technology and the patches on their uniforms. On the…
Renewed anxiety over the Iran-US truce has lifted oil prices as risk concerns disrupt tanker traffic through the Strait of Hormuz. Analysts say markets are reacting to geopolitical uncertainty, which could feed through to higher petrol prices if shipping remains constrained. In the US, average petrol prices edged up to USD 3.80 per gallon. News…
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