Latest news with #Financial
Scoop
19 hours ago
- Business
- Scoop
Interim Financial Statements Of The Government Of New ZealandFor The Ten Months Ended 30 April 2025
Press Release – The Treasury The majority of the key fiscal indicators for the ten months ended 30 April 2025 were slightly better than forecast. The Governments main operating indicator, the operating balance before gains and losses excluding ACC (OBEGALx), showed a deficit … Jayne Winfield, Chief Government Accountant The Interim Financial Statements of the Government of New Zealand for the ten months ended 30 April 2025 were released by the Treasury today. The April results are reported against forecasts based on the Budget Economic and Fiscal Update 2025 (BEFU 2025), published on 22 May 2025, and the results for the same period for the previous year. The majority of the key fiscal indicators for the ten months ended 30 April 2025 were slightly better than forecast. The Government's main operating indicator, the operating balance before gains and losses excluding ACC (OBEGALx), showed a deficit of $7.4 billion. This was $0.1 billion smaller than forecast. While the core Crown results were favourable to forecast, this was largely offset by the results of State-owned Enterprises. Net core Crown debt was in line with forecast at $184.6 billion, or 43.2% of GDP. Core Crown tax revenue, at $100.4 billion, was $0.7 billion (0.7%) higher than forecast. Corporate tax and other individuals' tax contributed $0.4 billion and $0.2 billion respectively to the above forecast result. Core Crown expenses, at $115.8 billion, were $0.1 billion (0.1%) below forecast. This variance is mostly timing in nature and was spread across a range of agencies. The OBEGALx was a deficit of $7.4 billion, $0.1 billion less than the forecast deficit. When including the revenue and expenses of ACC, the OBEGAL deficit was $11.7 billion, in line with the forecast deficit. The operating balance deficit of $6.7 billion was $2.8 billion higher than the forecast deficit. This reflected both the OBEGAL result and net unfavourable valuation movements. Net gains on financial instruments were $4.3 billion lower than forecast, driven by New Zealand Superannuation Fund (NZS Fund) and ACC's investment portfolios. This unfavourable variance was partly offset by net gains on non-financial instruments being $1.3 billion higher than the forecast loss. This was largely owing to the New Zealand Emissions Trading Scheme with net gains on the liability being $1.1 billion higher than the forecast loss. The core Crown residual cash deficit of $8.4 billion was $0.1 billion lower than forecast. While net core Crown operating cash outflows were $0.4 billion higher than forecast, net core Crown capital cash outflows were $0.5 billion lower than forecast. Net core Crown debt at $184.6 billion (43.2% of GDP) was in line with forecast. With core Crown residual cash broadly in line with forecast, this and minor movements in non-cash items contributed to the net core Crown debt result. Gross debt at $203.5 billion (47.7% of GDP) was $6.3 billion lower than forecast, largely owing to lower than forecast unsettled trades and issuances of Euro Commercial Paper. Net worth at $181.4 billion (42.5% of GDP) was $3.1 billion lower than forecast largely reflecting the year-to-date operating balance result.
Yahoo
a day ago
- Business
- Yahoo
Citigroup (C) Stock Falls Amid Market Uptick: What Investors Need to Know
Citigroup (C) closed at $76.40 in the latest trading session, marking a -0.17% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.01%. Meanwhile, the Dow experienced a drop of 0.22%, and the technology-dominated Nasdaq saw an increase of 0.32%. The U.S. bank's shares have seen an increase of 10.16% over the last month, surpassing the Finance sector's gain of 3.54% and the S&P 500's gain of 5.2%. Investors will be eagerly watching for the performance of Citigroup in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 15, 2025. In that report, analysts expect Citigroup to post earnings of $1.71 per share. This would mark year-over-year growth of 12.5%. Our most recent consensus estimate is calling for quarterly revenue of $20.79 billion, up 3.23% from the year-ago period. C's full-year Zacks Consensus Estimates are calling for earnings of $7.32 per share and revenue of $83.72 billion. These results would represent year-over-year changes of +23.03% and +3.18%, respectively. Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Citigroup. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.46% upward. Citigroup is currently sporting a Zacks Rank of #3 (Hold). In the context of valuation, Citigroup is at present trading with a Forward P/E ratio of 10.46. For comparison, its industry has an average Forward P/E of 14.5, which means Citigroup is trading at a discount to the group. We can additionally observe that C currently boasts a PEG ratio of 0.6. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Financial - Investment Bank industry currently had an average PEG ratio of 1.24 as of yesterday's close. The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 184, putting it in the bottom 26% of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Citigroup Inc. (C) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Anti-Money Laundering & Know Your Customer Training: How to Take a Proactive Approach to Financial Crime, Enhance the Policies, Processes and Rocedures (London, United Kingdom - June 23, 2025)
Join our intensive 1-day course on financial crime prevention, detection, and investigation. Equip your firm against money laundering, market manipulation, and data theft, as per FCA regulations. Learn to enhance policies, understand regulations, and create a proactive culture. Secure your firm now! Dublin, June 04, 2025 (GLOBE NEWSWIRE) -- The "AML and KYC - Anti-Money Laundering & Know Your Customer Training" training has been added to offering. The Prevention, Detection and Investigation of Financial Crime. Understand where the risks lay in your organisation and the laws that shape our activities. Governments and financial markets throughout the world recognise Financial Crime as one of the greatest threats to the global financial services industry. The FCA has increased its efforts to fight every aspect of financial crime: Money laundering, terrorist financing, market manipulation and data theft. Along with partner agencies, the FCA looks towards the firms they regulate when combating financial crime. Firms are required to work together with the FCA and the international community in their efforts to make it harder for criminals to exploit their businesses and their clients. The market regulator expects your company to understand where the risks lay in your firm and react appropriately as part of your governance framework. During this intensive 1 day course we will illustrate this real and significant threat to our industry and show you how to take a proactive approach to financial crime, enhance the policies, processes and procedures you currently have in place and ensure that everyone in your organisation is ready to protect your firm and the market place. What will you learn By the end of the course delegates will: Appreciate and understand the latest crime prevention regulation (national and international) Understand the elements necessary to create the right corporate culture Recognise key elements of 'Know Your Client' documentation Respond quickly to criminal behaviour by introducing alert systems which react appropriately and quickly to any potential criminal situations Recognise how to investigate more quickly and escalate suspicious activity, reducing the damage to the firm Protect the firm's reputation by avoiding the media spotlight created by high-profile incidents of firms being victims of financial crimes Develop a solid overview of their firm's vulnerabilities and the controls and procedures needed to address them in an increasingly complex global industry Who Should Attend: Compliance Officers Financial Officers Risk Officers Internal Auditors Operational Risk Managers Staff with roles and responsibilities in AML and anti-terrorist financing activities Key Topics Covered: Money laundering and terrorist financing Suspicious activity indicators andt ransaction reporting Setting up effective KYC procedures Customer due diligence and record keeping International regulatory standards Financial Action Task Force (FATF) Analyse the effectiveness of your firm's AML/CTP processes and procedures Practical Tips in AML Management Setting up action plan Case studies and exercises For more information about this training visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
7NEWS
3 days ago
- Business
- 7NEWS
Best-selling Ecosa mattresses: Upgrade your sleep and your home with up to 35 per cent off everything at Ecosa
End of Financial Year sales are kicking off with a bang. Ecosa's EOFY Sale is offering up to 35 per cent off sitewide now until Sunday, 29th of June. Now is the time to upgrade your mattress or finally invest in the sofa bed you've been eyeing; these prices are doing your wallet and your home a favour. Ecosa has been designing smarter sleep solutions since 2015, blending ergonomic design with environmentally responsible materials to create sleep products that actually make a difference. Whether it's their signature all-in-one mattress, a supportive pillow or a super stylish bed frame, Ecosa is all about helping Australians sleep better and live better. Right now, you can save up to 35 per cent across the site, with deals getting bigger the more you spend. Check out some of the savings options below, broken up by price point: To save you time searching the website, we've gathered some of our best picks from the sale below to ensure you're getting the most bang for your buck and truly saving. 1. Ecosa Mattress was $800, now $600 The OG Ecosa Mattress is a cult favourite for a reason. It offers three adjustable firmness options, so you can change your mattress feel as often as your sleeping style shifts. Whether you like it medium, firm or extra firm, this mattress has you covered. With built-in ergonomic spinal support and a removable, washable Tencel™ cover, it's ideal for anyone looking to reduce allergies and wake up pain-free. 2. Ecosa Pillow was $150, now $120 Small but mighty sleep upgrade. If you've ever woken up with a sore neck or tight shoulders, the Ecosa Pillow is a game-changer. Designed with adjustable height pads, it lets you personalise your pillow's firmness and thickness to suit your sleep style. Made from memory foam for comfortable support and breathability, this pillow also helps keep snoring to a minimum thanks to clever spinal alignment. 3. Rise Bed Frame was $1,700, now $1,190 Timeless design meets clever storage. Crafted from premium American Ash, the Rise Bed Frame is the kind of furniture that elevates your whole bedroom. The minimalist design hides a built-in shelf behind the headboard (perfect for books, cables or midnight snacks), while the frame assembles in minutes, no tools needed. Creak-free and shock-resistant, this one's built to last. 4. Essence Mattress was $640, now $480 Hybrid comfort for eco-conscious sleepers. The Essence Mattress combines five zones of pocket springs with open-cell foam for breathability and comfort. You can choose from three firmness levels, and thanks to zero waste materials, it's a better choice for the planet too. Plus, the reinforced edge support and no-partner-disturbance design mean it's perfect for sharers. 5. Sydney Sofa Bed was $2,050, now $1,404 Sofa by day, bed by night, comfort all the time. The Sydney Sofa Bed is the ultimate space-saving solution that doesn't compromise on style. Padded and plush, it flips into a comfy bed in just two seconds, thanks to a built-in hybrid mattress. Great for small spaces, guest rooms or spontaneous sleepovers, it's easy to assemble (no tools!) and looks good doing it. So, what are you waiting for? These prices are only live until Sunday, 29th of June and with stock already flying, you'll want to move fast. Whether you're finally swapping your lumpy old mattress, adding a guest bed to your spare room, or just giving your bedroom a glow-up, Ecosa's EOFY sale is the sign you've been waiting for.
Mint
27-05-2025
- Business
- Mint
Seeking early retirement? What it actually takes to escape the 9 to 5 trap
Traditional retirement is a milestone. Early retirement is a mindset. Most people retire at 60 because that's when pensions or savings kick in. By then, life has passed through its most energetic phase. Retirement becomes a reaction to burnout, probably with joint pain and back ache, not a celebration of freedom. Early retirement, on the other hand, doesn't wait for permission. It asks a bold question: What if you could be free by the early 40s? But freedom isn't the absence of work. It's the ability to do meaningful work without needing a paycheck. It's the creator who opens a sneaker art studio, the engineer who starts a food truck, the writer who travels while blogging. They didn't "quit." They redesigned. The FIRE movement: Can it work in India? The FIRE philosophy, Financial Independence, Retire Early, started in the West but finds an even stronger footing in India. Why? Because FIRE isn't about retiring rich. It's about retiring free. Extreme Frugality Cook at home, skip unnecessary gadget upgrades, use second-hand cars and other essentials where possible, and find joy in simplicity. What others call sacrifice, FIRE sees as sovereignty. Cook at home, skip unnecessary gadget upgrades, use second-hand cars and other essentials where possible, and find joy in simplicity. What others call sacrifice, FIRE sees as sovereignty. Aggressive Saving Save 50–70% of your income. That's not a typo. Think of it this way: cutting your expenses by 10% = giving yourself a 10% raise. Save 50–70% of your income. That's not a typo. Prudent Investing Don't chase "hot tips." Stick to a simple asset allocation: 25% in index funds 25% in flexi-cap mutual funds 50% in debt instruments and fixed income Let compounding do the heavy lifting so that you can achieve the corpus you aim for. Contrary to popular belief, FIRE is not an imported philosophy, it fits the Indian mindset beautifully: Higher savings rates: Indians already save more than Western countries Lower cost of living: You don't need a giant corpus to sustain a simple life Emerging gig economy: From freelancing to YouTube, alternative incomes are exploding in India. Values shift: Millennials want experiences, not EMIs Now let us come to the real FIRE number. Using the 4% Rule: To retire early, you need 25× your annual expenses. If your current annual expense is ₹ 5.4 lakh, you'd need: FIRE Number = ₹ 5.4 lakh × 25 = ₹ 1.35 crore But if you plan to retire 20 years from now, account for inflation: ₹ 5.4 lakh × (1.06)^20 = ₹ 17.3 lakh Future FIRE Number = ₹ 17.3 lakh × 25 = ₹ 4.32 crore Add a 25% buffer for healthcare, emergencies, and life's surprises: Early retirement sounds liberating, until you run the numbers. For most, accumulating a corpus large enough to sustain the next 40 years without any surety of active income is a steep climb. It requires discipline, clarity, and a long investment runway. That's why a more balanced approach, targeting financial independence by your late 50s, often proves more realistic. When you start planning and investing in your 20s or 30s, you give compounding the time it needs to do the heavy lifting. One way to get there? Own high-quality businesses. Finology 30, a research-backed basket of 30 fundamentally sound stocks, is designed for long-term investors who value consistency over hype, and wealth creation over noise. Retiring in your 30s or 40s sounds thrilling. But pause and ask- what are you really after? Is it retirement, or is it control over your time? Is it an escape from work, or the freedom to do meaningful work on your terms? As Pranjal Kamra, founder of Finology, puts it, early retirement isn't about never working again. It's about never being forced to work again. That's a very different goal. Before chasing FIRE, get clear on your end game. Because without clarity, early retirement can become a race to nowhere—one where you sacrifice today for a future you haven't defined. But when done right, FIRE is not a finish line. It's a foundation. A way to stop trading time for money and start trading money for autonomy. Finology is a SEBI-registered investment advisor firm with registration number: INA000012218. Disclaimer:The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
