Latest news with #FinancialGroup
Reuters
4 days ago
- Business
- Reuters
TSX ends higher but move limited ahead of US inflation report
Aug 11 (Reuters) - Canada's main stock index edged higher on Monday as industrial and technology shares notched gains, but the move was limited ahead of a key U.S. inflation report and as investors fretted about a seasonally weak period for the market. The S&P/TSX composite index (.GSPTSE), opens new tab ended up 16.55 points, or 0.1%, at 27,775.23, after last week posting its biggest weekly gain since September. "We got a big inflation report, CPI, tomorrow, which will be a big number," said Allan Small, senior investment advisor of the Allan Small Financial Group with iA Private Wealth. "That will move markets on both sides of the border." Wall Street's main indexes ended lower as investors anxiously awaited U.S. consumer price index data on Tuesday to assess the outlook for interest rates and eyed U.S.-China trade developments. U.S. President Donald Trump has signed an executive order extending a pause in sharply higher U.S. tariffs on Chinese imports for another 90 days, a White House official said. "I would not be surprised to see volatility in the last two weeks of August and of course into September," Small said. Over the past 35 years, August and September have ranked as the worst-performing months for the S&P 500, the U.S. benchmark, according to the Stock Trader's Almanac. The technology sector (.SPTTTK), opens new tab added 0.2%, helped by a gain of 4.4% for the shares of Constellation Software ( opens new tab after the company's quarterly earnings beat estimates. Industrials (.GSPTTIN), opens new tab were up 0.3% and health care (.GSPTTHC), opens new tab ended 4.9% higher, with shares of Bausch Health Companies Inc jumping 16.1%. The materials sector (.GSPTTMT), opens new tab, which contains metal mining shares, was a drag. It fell 0.5%, weighed by a drop in gold prices as Trump said tariffs will not be placed on imported gold bars. Shares of Barrick Mining Corp ( opens new tab were down 2.4% after the company reported second-quarter results. Energy (.SPTTEN), opens new tab was down 0.9% as the price of oil settled 0.1% higher at $63.96 a barrel.
The Sun
08-08-2025
- Business
- The Sun
Anwar meets MUFG chairman to boost Malaysia-Japan investments
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim welcomed Mitsubishi UFJ Financial Group (MUFG) chairman Kanetsugu Mike for a courtesy visit in Putrajaya. The meeting focused on Malaysia's push for high-value investments in technology, AI, and green energy under the MADANI government. Anwar reiterated Malaysia's open economy policy and strong bilateral ties with Japan to foster a supportive investment climate. MUFG, a global financial leader in Malaysia since 1957, aids Japanese investments in manufacturing and industrial growth. The Prime Minister acknowledged MUFG's recent MoU with MIDA to fast-track investments in key sectors. - Bernama
Yahoo
13-07-2025
- Business
- Yahoo
One Major Money Item Most People Are Missing Could Spell Disaster
While many people may be getting smarter with their money, investing earlier and taking advantage of compounding interest, the vast majority have no plans for the inevitable. A new study from Western & Southern Financial Group shows that only 25% of the over 1,000 people surveyed had created or recently updated a will. Learn More: Find Out: Not having a will or other testamentary document can leave your loved ones not only emotionally devastated, but also financially. According to the new survey, only 1 in 4 respondents had created or recently updated a will. When broken down by generation, baby boomers were the most prepared for the inevitable. Almost half (47%) of baby boomers surveyed reported having a will, compared to 23% of millennials and 20% of Gen Z. The study also found that 38% of those surveyed had not taken any steps to prepare financially for their own death or the death of a loved one. Not only had most respondents not taken any steps to document their afterlife wishes, but 30% had not had the conversation with their loved ones. While preparing for post-life has become easier, many people report not wanting to have the conversation in the first place. Over half (54%) of those surveyed reported not having end-of-life discussions because they found the topic uncomfortable, and 34% stated they didn't know where to start. While many people found the conversations challenging, the reality is that not being prepared can have devastating consequences during an already difficult time. Many people do not realize the financial challenges that they could face after the death of a loved one, particularly if it is sudden. When surveyed, 51% said they struggled financially after their loved one died. Funeral and burial costs, along with the loss of the deceased's income, were the top two unexpected financial obstacles people faced. The U.S. Federal Trade Commission also noted that loved ones may be responsible for a deceased person's debts under specific scenarios, including if they cosigned a loan with the decedent or were the spouse in a community property state. Wills or other testamentary documents, such as trusts, can prove critical for loved ones. Dying without a will or intestate means that your assets will be distributed according to your state's laws. The distribution may or may not be in accordance with what you would have wanted. Without legal documents defining your intentions, the state will decide, as explained by the American Bar Association. In addition to defining how assets will be distributed, a will can also ensure that debts or other obligations are settled and can minimize tax implications. Importantly for parents of minor children, a will can prescribe who will have guardianship if both parents or guardians are deceased. Today, preparing and executing a will is easier than ever. In many cases, it can be completed online; however, state law may require that the document be witnessed and notarized to be valid. Due to the complexities involved in ensuring the validity of a will, working with a legal expert often proves critical. Some estate planning lawyers offer à la carte services, which help to keep the price more affordable. Since laws vary from state to state, it is recommended that individuals consult a lawyer local to their area when discussing end-of-life planning. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 7 Things You'll Be Happy You Downsized in Retirement The New Retirement Problem Boomers Are Facing This article originally appeared on One Major Money Item Most People Are Missing Could Spell Disaster Error 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
Khaleej Times
24-06-2025
- Business
- Khaleej Times
CFI appoints Ziad Melhem as group CEO, co-founders to lead the board as chairman and vice chairman
These leadership appointments further strengthen CFI Financial Group's position as a leading global trading and investing provider CFI Financial Group, a globally recognised leader in online trading, announced today the appointment of Ziad Melhem as its new group chief executive officer, marking an important milestone as the Group continues its strong global growth trajectory. Melhem previously served as group chief marketing officer, where he helped elevate CFI's global brand and strengthen its presence across key markets. As Group CEO, he will lead the company's day-to-day operations, with a focus on accelerating growth, expanding client value, and driving innovation across CFI's global footprint. Alongside this leadership change, co-founders Hisham Mansour and Eduardo Fakhoury will transition from their current roles as managing directors to become chairman and vice chairman of CFI Financial Group, respectively. As co-founders and members of the Board, they will continue to play a pivotal role in shaping the Group's strategic direction, guiding its long-term vision, and strengthening corporate governance across CFI's expanding global footprint. Additionally, Stelios Thrasyvoulou, previously chief technology and information officer, will assume the role of chief product and technology officer, continuing to lead the development of CFI's innovative product and technology offerings. Commenting on the leadership evolution, Hisham Mansour, chairman of CFI Financial Group, said: "As we move into an exciting new phase of CFI's journey, these leadership appointments reflect our commitment to building a company that continues to grow and evolve beyond its founders. Eduardo and I remain fully engaged in shaping the Group's strategic direction from our roles on the Board, and in supporting Ziad as he takes the helm as Group CEO. We have full confidence in his leadership and in the broader management team to lead CFI into its next chapter of success and deliver exceptional value to our clients worldwide." Ziad Melhem, group CEO of CFI Financial Group, added: "It is an honour to take on the role of Group CEO and to continue building on the strong foundation that Hisham, Eduardo, and the entire CFI team have created. We are entering a dynamic new chapter for CFI, and I look forward to working with our talented teams to drive innovation, growth, and excellence across all markets we serve." These leadership appointments further strengthen CFI Financial Group's position as a leading global trading and investing provider, reinforcing its commitment to innovation, client value, and long-term growth across all markets it serves.
Al Bawaba
24-06-2025
- Business
- Al Bawaba
CFI Appoints Ziad Melhem as Group CEO, Co-Founders to Lead the Board as Chairman and Vice Chairman
CFI Financial Group, a globally recognized leader in online trading, announced today the appointment of Ziad Melhem as its new Group Chief Executive Officer, marking an important milestone as the Group continues its strong global growth previously served as Group Chief Marketing Officer, where he helped elevate CFI's global brand and strengthen its presence across key markets. As Group CEO, he will lead the company's day-to-day operations, with a focus on accelerating growth, expanding client value, and driving innovation across CFI's global this leadership change, Co-Founders Hisham Mansour and Eduardo Fakhoury will transition from their current roles as Managing Directors to become Chairman and Vice Chairman of CFI Financial Group, respectively. As Co-Founders and members of the Board, they will continue to play a pivotal role in shaping the Group's strategic direction, guiding its long-term vision, and strengthening corporate governance across CFI's expanding global Stelios Thrasyvoulou, previously Chief Technology and Information Officer, will assume the role of Chief Product and Technology Officer, continuing to lead the development of CFI's innovative product and technology on the leadership evolution, Hisham Mansour, Chairman of CFI Financial Group, said: "As we move into an exciting new phase of CFI's journey, these leadership appointments reflect our commitment to building a company that continues to grow and evolve beyond its founders. Eduardo and I remain fully engaged in shaping the Group's strategic direction from our roles on the Board, and in supporting Ziad as he takes the helm as Group CEO. We have full confidence in his leadership and in the broader management team to lead CFI into its next chapter of success and deliver exceptional value to our clients worldwide."Ziad Melhem, Group CEO of CFI Financial Group, added: "It is an honor to take on the role of Group CEO and to continue building on the strong foundation that Hisham, Eduardo, and the entire CFI team have created. We are entering a dynamic new chapter for CFI, and I look forward to working with our talented teams to drive innovation, growth, and excellence across all markets we serve." These leadership appointments further strengthen CFI Financial Group's position as a leading global trading and investing provider, reinforcing its commitment to innovation, client value, and long-term growth across all markets it serves.
