Finance

Tussle for ECB’s Last Big Job for Years Becomes Two-Man Race

(Bloomberg) — The race to clinch the European Central Bank’s final vacancy on its Executive Board for half a decade has just two contenders, both of them male.

Both candidates — Dutch central bank official Frank Elderson and former Slovenian Governor Bostjan Jazbec — have expertise in financial supervision, befitting the likelihood that the position will bring with it the role of second-in-command at the euro zone’s watchdog for lenders.



diagram, timeline: ECB Musical Chairs


© Bloomberg
ECB Musical Chairs

The two of them will now vie for the role of replacing Yves Mersch, whose term at the ECB, along with his stint as vice chair of the Single Supervisory Mechanism, ends in mid-December. Euro-area finance ministers will make the selection in coming weeks.

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With all four of Europe’s biggest economies represented on the six-person board, the vacancy created by Mersch’s departure offered a rare opportunity for a smaller country to clinch the

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How to Get a Job in Compliance

Younger workers are growing up in an age of the Consumer Financial Protection Bureau (CFPB), the Financial Industry Regulatory Authority (FINRA), and an embattled but still potent Environmental Protection Agency (EPA).

The influx of new and updated rules, regulations, and laws in the financial services, healthcare, telecommunication, and other sectors has created an increase in the need for qualified and ethical individuals. In addition, this influx has been noticeably beneficial to regulators and risk/compliance professionals, who have seen rising pay and new job opportunities.

In terms of importance and financial impact, chief compliance officers rank among chief financial officers (CFOs) and chief executive officers (CEOs) on some executive staffs, since a proper compliance environment keeps Uncle Sam at bay and represents a noticeable advantage over less-prepared competitors.

This is increasingly true in finance. According to the BLS, in 2019 (the most recent figures), the top-paying industries for compliance jobs included

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Final Jobs Report Before U.S. Election in Store: Eco Week Ahead

(Bloomberg) — The last U.S. jobs report before the November election will probably show the labor market’s rebound continued in September, though losing some steam.

Employers probably added 850,000 workers in September, a step down from the 1.37 million a month earlier, according to the Bloomberg survey median. The unemployment rate is seen easing to 8.2% from 8.4%, smaller than the 1.8 percentage-point drop in August.



graphical user interface, chart: Recovery in U.S. job market continuing, though pace is off the boil


© Bloomberg
Recovery in U.S. job market continuing, though pace is off the boil

The monthly jobs report on Friday will follow the first presidential debate between President Donald Trump and Democratic challenger Joe Biden on Tuesday. The report will also wrap up a busy week on the U.S. economic calendar, which includes figures on income and spending, manufacturing and consumer confidence.

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Personal spending on goods and services, which accounts for about two-thirds of gross domestic product, is projected to rise 0.8%

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Finance Minister Confirms His Private Company Did Agyapa Job

More details continue to emerge about the controversial Agyapa Royalties Limited deal, revealing a deep-seated greed on the part of some of the promoters who are family member of the President, Nana Akufo-Addo.

They, include Finance Minister, Ken Ofori-Atta, who is accused of using their proximity to power, their knowledge of the government deals to award various aspects of the transaction to their private companies, instead of announcing the existence of the job and opening it up for competitive bidding process.

Databank, is one of the companies owned by the Finance Minister. Ghanaians were last Friday, shocked to hear that Databank Financial Services, was also engaged by the Finance Ministry to be part of the Agyapa transactions.

But this is not the first time that Ken Ofori-Atta’s companies; Databank Financial Services and Enterprise Insurance Company Limited under the Enterprise Group are also mentioned as competing for state jobs with companies

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Singapore Airlines Pilots Agree to Deeper Pay Cuts to Save Jobs

(Bloomberg) — Singapore Airlines Ltd. pilots have agreed to further pay cuts to remain in employment, the carrier said Saturday.



a screen shot of a video game: Instrument panels and screens are seen inside an Airbus SE A350 XWB full-flight simulator at the Airbus Asia Training Centre (AATC), a joint venture owned by Airbus and Singapore Airlines Ltd., during a media tour at the Seletar Aerospace Park in Singapore, on Tuesday, June 20, 2017. Airbus announced on the eve of the Paris Air Show formalized plans to upgrade its A380 superjumbo with fuel-saving winglets as the European planemaker seeks to revive sales of the flagship model.


© Bloomberg
Instrument panels and screens are seen inside an Airbus SE A350 XWB full-flight simulator at the Airbus Asia Training Centre (AATC), a joint venture owned by Airbus and Singapore Airlines Ltd., during a media tour at the Seletar Aerospace Park in Singapore, on Tuesday, June 20, 2017. Airbus announced on the eve of the Paris Air Show formalized plans to upgrade its A380 superjumbo with fuel-saving winglets as the European planemaker seeks to revive sales of the flagship model.

The city-state’s flag carrier and the Air Line Pilots Association – Singapore reached the agreement Friday and the company will implement the measures for all remaining pilots in Singapore Airlines and SilkAir with effect from Oct. 1. The deal will help to mitigate further job losses for pilots, it

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Accounting & Finance jobs in London (Greater)

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  • The role of the faculty lecturer is to develop and deliver innovative, high quality teaching and learning, programme and …














  • The role of the faculty lecturer is to develop and deliver innovative, high quality teaching and learning, programme and …














  • To provide coaching and support to our apprentices via a range of contact methods and to liaise with their …














  • The position offers opportunities for teaching at undergraduate and postgraduate levels

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CORRECTING and REPLACING ibex Brings 500 Jobs to Ocho Rios With the Region’s First Contact Center

TipRanks

3 “Strong Buy” Stocks That Are Flirting With a Bottom

In the investing game, it’s not only about what you buy; it’s about when you buy it. One of the most common pieces of advice thrown around the Street, “buy low” is touted as a tried-and-true tactic.Sure, the strategy seems simple. Stock prices naturally fluctuate on the basis of several factors like earnings results and the macro environment, amongst others, with investors trying to time the market and determine when stocks have hit a bottom. In practice, however, executing on this strategy is no easy task.On top of this, given the volatility that has ruled the markets over the last few weeks, how are investors supposed to gauge when a name is flirting with a bottom? That’s where the Wall Street pros come in.These expert stock pickers have identified three compelling tickers whose current share prices land close to

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Australia Unemployment Drops as Half of Jobs Lost Recovered

TipRanks

Goldman Sachs: These 3 Stocks Are Poised to Surge by at Least 50%

Is it time for the bears to break out the champagne glasses? Not so fast, says Goldman Sachs. Volatility has ruled the Street for the last few weeks, leading some to conclude that those with a more pessimistic outlook had been vindicated, but the firm believes stocks can still climb higher.According to Goldman Sachs’ head of U.S. equity strategy, David Kostin, the S&P 500 could still hit 3,600 by the end of the year, and 3,800 by mid-2021, on the back of vaccine-related optimism and progress with the economic reopening. This would reflect gains of 10% and 16%, respectively, should the index ultimately reach these targets.“Despite the sharp sell-off in the past week, we remain optimistic about the path of the U.S. equity market in coming months. The Superforecaster probability of a mass-distributed vaccine by Q1

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Accounting & Finance jobs in Middle East

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  • The CBE now seeks to appoint a highly motivated academic for a full-time position as Assistant/Associate Professor in …














  • The CBE now seeks to appoint a highly motivated academic for a full-time position as Assistant/Associate …














  • Engage actively in promoting the growth of the Accounting program and the College of Business & Economics (CBE) at UAE University.














  • The Department of Economics and Finance at the College of Business and Economics at

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Fed Sees Rates Near Zero Through 2023 to Boost Jobs, Prices

(Bloomberg) — Federal Reserve officials held interest rates near zero and signaled they would stay there for at least three years, vowing to delay tightening until the U.S. gets back to maximum employment and 2% inflation.

The U.S. central bank “expects to maintain an accommodative stance” until those outcomes are achieved, it said in a statement Wednesday following a two-day meeting that beefed up its description of future policy.

The fresh guidance is the Fed’s first step in an evolving communication strategy, after it unveiled a new long-term policy framework last month to allow inflation to overshoot its 2% target after periods of under-performance.

Announced by Chair Jerome Powell at the Fed’s Jackson Hole conference, officials expect to refine their approach to economic projections later this year and they may also reach consensus on how to talk about their balance sheet.

“This very strong, very powerful guidance shows both our

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