Business

Finance and Development Planning Minister, Boima S. Kamara says farms to market roads are key under the ARREST Agenda of President Joseph Nyumah Boakai. “We need a robust turnaround that will help the free movement of goods and services transported from one rural area to another urban area across the country through road connectivity.” Minister Kamara made the disclosure on Monday, February 26, 2024, when the World Bank Country Director for Ghana, Sierra Leone and Liberia paid a courtesy visit at the Ministry of Finance and Development Planning. The Liberian Finance Minister stressed that farms to market roads will help alleviate extreme poverty by the smooth movement of goods and services transported when businesses, farmers and private farms owner’s produce are ready for the market. ...

TORONTO - Canada's largest public pension funds are showing modest improvements on climate action but are moving too slowly overall, says a new report by a climate advocacy group. The progress report from Shift Action for Pension Wealth and Planet Health notes that four of the 11 pension plans it examined still don't have emissions reduction targets for 2030 or 2050. It also says many of the pension funds are still not being transparent about their fossil fuel holdings, and none have acknowledged the need to phase them out. Adam Scott, executive director of Shift, said it's important pension plans take action both to reduce investment risk and climate risk. “It's not just about defending their own portfolios, it's also about addressing the wid...

Screens in Hana Bank's trading room in central Seoul shows the stock market price as it opens on Tuesday. [YONHAP] Stocks started lower Tuesday as investors took a cautious approach ahead of major U.S. economic data releases later this week, including the Federal Reserve's preferred measure of inflation.   The Kospi dropped 4.77 points, or 0.18 percent, to 2,642.31 in the first 15 minutes of trading.   Overnight, the U.S. stock market closed lower on profit-taking following a rally last week.   Investors were also taking a wait-and-see approach ahead of the release of the core personal consumption expenditures price index Thursday, which is closely monitored by the Fed.   In Seoul, big-cap shares started mixed.   Samsung Electron...

Read: OPTrust promoting financial literacy with enhanced communications, DB pension education programIn the meantime, members can use the current MyUPP.ca site to find the plan’s annual report as well as information on all aspects of the plan, including investments, its leadership team and a section for frequently asked questions.“When we communicate, our goal is to ensure members feel informed, empowered and engaged in their retirement planning and earn their trust. This is why we try to ensure our communications are easily understood.”Defined benefit pension plans are a critical savings tool for plan members because for some, it’s their only source of retirement income, says Lohrenz, noting this is why it’s important that pension plan sponsors and administrators continue focusing on keep...

Korea’s financial regulators outlined the framework for the highly-anticipated “Value-up” program aimed at resolving the country’s chronic undervaluation of stock prices on Monday. Source link

Capital One announced on Monday that it would acquire Discover Financial Services in an all-stock transaction valued at $35.3 billion, a deal that would merge two of the largest credit card companies in the United States.“A space that is already dominated by a relatively small number of megaplayers is about to get a little smaller,” said Matt Schulz, chief credit analyst at LendingTree.Capital One, with $479 billion in assets, is one of the nation’s largest banks, and it issues credit cards on networks run by Visa and Mastercard. Acquiring Discover will give it access to a credit card network of 305 million cardholders, adding to its base of more than 100 million customers. The country’s four major networks are American Express, Mastercard, Visa and Discover, which has far fewer cardholder...