Finance
Japanese prime minister urges caution in judging market's sharp moves By Reuters
![Japanese prime minister urges caution in judging market's sharp moves By Reuters Japanese prime minister urges caution in judging market's sharp moves By Reuters](https://i-invdn-com.investing.com/news/indicatornews_2_800x533_L_1412601599.jpg)
By Makiko Yamazaki and Satoshi Sugiyama
TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida said on Tuesday it was important to make calm judgements about the volatile market situation, with stock prices experiencing whiplash.
The stock index soared more than 8% early on Tuesday in a relief rally after plummeting 12.4% in its worst sell-off since the 1987 Black Monday crash.
Speaking to reporters in Hiroshima, Kishida said the government will continue to promote economic and fiscal management while working closely with the Bank of Japan.
He also shared an optimistic outlook for the world’s fourth largest economy, citing factors like the first rise in inflation-adjusted real wages in more than two years in June.
“We recognise the Japanese economy continues to make a strong transition to a new stage,” Kishida said.
Japanese Finance Minister Shunichi Suzuki gave similar remarks earlier on Tuesday, saying the government would monitor and analyse financial market moves and work closely with relevant authorities.
“It’s important to realise resilient economic growth while responding to changes in front of us,” Suzuki said.
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Finance
Bank Hapoalim to finance 12 Hotels in Netherlands with 260M Euros
Bank Hapoalim has been leading the banking system in Israel over the years in the field of hotel financing in cooperation with leading hotel groups in Israel and the world, as part of the trend of increasing investments by Israeli companies, foundations and institutional bodies abroad.
The hotel industry in the world has recovered impressively from the corona crisis and in recent years tourism in the world in general and in Europe in particular is showing record figures even compared to the period before the corona.
In recent days, Bank Hapoalim completed a significant financial closing to finance the purchase and renovation of a portfolio that includes 12 hotels in Amsterdam and other major cities in the Netherlands. The total cost of the purchase and renovation is estimated at 405 million euros.
As part of the financing, Bank Hapoalim organized and led a syndication deal in the amount of 260 million euros, for the purchase and renovation of the hotels. The move is carried out in cooperation with the Dutch bank ING – one of the largest banks in the Netherlands and Europe – which participates in the financing of the transaction.
The deal was made as part of Fatal chain’s partnership with leading institutions in Israel and was recently completed. As part of the transaction, 12 hotels were purchased for approximately 360 million euros and the chain intends to invest an additional 45 million euros in upgrading the hotels.
The purchased hotels consist of five hotels in Amsterdam, including the iconic Eden Hotel, as well as seven hotels in the cities of Rotterdam, The Hague, Eindhoven, Groningen, and Maastricht, totaling 1,522 rooms. With the completion of the purchase, the Fatal chain owns 26 hotels in the Netherlands, which together include approximately 4,000 rooms.
The financing transaction was carried out by the overseas financing unit in the complex financing products sector under the management of Benny Haddad in the business division of Bank Hapoalim.
Finance
Financial Activist Dasha Kennedy: 12 One-Minute Tasks You Can Do Today To Help Your Finances
Nobody should obsess over their finances 24/7, but it’s a good idea to review them regularly to make sure you’re on top of everything. This can be as simple as checking your bills to see what’s due or updating your monthly budget.
Check Out: 5 Genius Things People With Healthy Savings Do
For You: 7 Reasons You Should Consider a Financial Advisor — Even If You’re Not Wealthy
You don’t need to devote a huge amount of time to it, either. As a recent post from self-proclaimed “financial activist” Dasha Kennedy noted, there are many tasks you can do that take a minute or less but can have a positive impact on your finances.
Kennedy has gained renown as an influencer and blogger through her platform, “The Broke Black Girl,” as well as other sites. According to her blog post on the National Debt Relief site, Kennedy aims to “champion financial empowerment” for Black women and other marginalized communities. She boasts about 324,000 Instagram followers.
Kennedy is part of a larger trend in which many young people are getting financial advice from social media rather than going the traditional route of hiring a professional financial advisor. Nearly 80% of millennials and Gen Zers have gotten financial advice from social media, according to a 2023 study commissioned by Forbes Advisor and conducted by market research company Prolific.
Many financial influencers on social media touch on the basics of personal finance — such as reviewing your accounts, budget and expenses — rather than delve into more sophisticated topics such as how to pick stocks, plan taxes or negotiate large purchases. Still, 76% of millennials and Gen Zers believe the financial content they see on social media has made discussions about money less taboo, and 62% feel empowered by it, the Forbes Advisor study revealed.
I’m a Self-Made Millionaire: 6 Steps I Took To Become Rich on an Average Salary
Marginalized communities in particular benefit from the advice. Seventy-two percent of Black respondents to the Forbes Advisor study believe their race would have historically been a barrier to obtaining financial advice, and 65% believe the same about gender. Fifty-sevent percent of those who earn less than $35,000 said their economic status would’ve been a barrier.
An example of this advice was a recent Instagram post by Kennedy in which she outlined these 12 one-minute tasks you can do today to improve your finances:
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Review your mobile banking app
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Review your credit monitoring app
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Check your account balance
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Review recent transactions
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Schedule an upcoming payment
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Cancel an unused subscription
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Review and update your passwords
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Transfer money to your savings account
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Read a short financial blog or tip
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Set a spending limit for the day
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Review your financial apps for security settings
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Write down one financial affirmation
More From GOBankingRates
This article originally appeared on GOBankingRates.com: Financial Activist Dasha Kennedy: 12 One-Minute Tasks You Can Do Today To Help Your Finances
Finance
EUROAPI – Availability of 2024 Half-Year Financial Report
Paris, 05 August, 2024 – EUROAPI posted today its 2024 condensed Half-Year Consolidated Financial Statements for the six months ended June 30, 2024. This document is available for consultation and downloading on EUROAPI’s website: https://www.euroapi.com/en/investors/regulatory-information/financial-reports.
This report includes notably the 2024 half-year management report, the consolidated financial statements on 30 June 2024, and the Statutory Auditors’ review report on the half-yearly financial information.
Financial Calendar (all dates to be confirmed)
About EUROAPI
EUROAPI is focused on reinventing active ingredient solutions to sustainably meet customers’ and patients’ needs around the world. We are a leading player in active pharmaceutical ingredients with approximately 200 products in our portfolio, offering a large span of technologies while developing innovative molecules through our Contract Development and Manufacturing Organization (CDMO) activities.
Taking action for health by enabling access to essential therapies inspires our 3,650 people every day. With strong research and development capabilities and six manufacturing sites, all located in Europe, EUROAPI ensures API manufacturing of the highest quality to supply customers in more than 80 countries. EUROAPI is listed on Euronext Paris; ISIN: FR0014008VX5; ticker: EAPI). Find out more at www.euroapi.com and follow us on LinkedIn.
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