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AccessBank, the trusted local European bank, has increased its fixed deposit interest rate in local currency to up to 12%. This initiative is part of AccessBank’s continued efforts to deliver superior value to customers by offering attractive and competitive financial services. The new fee structure allows AccessBank customers to earn more from their savings, contributing to greater financial stability. The annual interest rate for domestic currency deposits of 6 to 12 months currently reaches up to 12%, while the annual interest rate for foreign currency deposits is up to 4.5%, depending on the deposit period chosen. Additionally, deposits for periods…

Sales in August 2024 were once again well below normal levels, according to a report that many in the Coachella Valley real estate industry expected. In fact, the survey included Indian Wells, Coachella, Rancho Mirage, Bermuda Dunes, Palm Desert, Indio, Desert Hot Springs, La Quinta, Cathedral City and Palm Springs.August was the last month before the Federal Reserve began cutting interest rates by 0.5 points, a change that took effect in mid-September. Local real estate professionals are reporting an uptick in activity in response to the cuts, and next month’s Desert Housing Report, published monthly by Greater Palm Springs Realtors…

COLORADO SPRINGS, Colo. (KRDO) – Many businesses along South Academy have posted signs that say “Open Under Construction,” but business owners are still struggling and need money to recoup their losses. The city is requesting the following. Business owners who say ongoing construction projects are costing them money along South Academy Boulevard are seeking more than $1 million from the city to recoup their losses. Some business owners have felt losses so great that they have had to close their businesses. This prompted one man to speak up to the city council and ask for funding to keep all of…

The California Franchise Tax Board (FTB) announced that it has begun a formal rulemaking process to amend Regulation 25136-2, which governs the procurement of receipts from services and intangibles. The proposed changes would apply to tax years beginning on or after January 1, 2024. The proposed amendments include several important updates that may impact how taxpayers allocate receipts for California apportionment purposes. New cascading rules for sourcing receipts from services eliminates the need to consider where the order was placed. Add an example of applying look-through sourcing to logistics services. Add an example of sourcing digital ad revenue based on…

October 8, 2024 AUSTIN – Lieutenant Governor Dan Patrick today issued the following statement following the Texas Energy Fund Advisory Committee hearing. “The fact that Texas needs to add more distributable power to the grid as our economy grows is clear to all. The establishment of the fund was overwhelmingly approved. “Deloitte, the contractor hired to manage the Texas Energy Fund, allowed falsified applications to proceed through the process. When asked at today’s hearing, Deloitte said that during the scrutiny process, They failed to provide any believable explanations for the many troubling details that their senior partners could have uncovered…

(Reuters) – Global index provider Russell said on Tuesday it will include Indian government bonds in its Emerging Markets Government Bond Index (EMGBI) from September 2025, following inclusion by JPMorgan and Bloomberg Index Services. announced that billions of dollars could flow into municipal bonds. . The London-based index provider also added Korean government bonds to the FTSE World Government Bond Index (WGBI) for the first time in two years on its watch list. South Korean government bonds account for 2.22% of the index on a market-weighted basis and will be included in FTSE’s WGBI from November 2025, FTSE said in…

MINOT, N.D. (KMOT) – Minot residents will see a lower percentage of their city property taxes next year.Parliament approved the 2025 budget in second reading on Monday night.The adopted 2025 budget is $225,667,824. This is an increase of just over 13% over the 2024 budget of $199,398,060.For a home valued at $100,000, the homeowner would pay $437 in property taxes per year.This would be a little over $100 less than the $539.69 2024 property tax bill.The final budget passed 5-2 with City Council members Mark Jantzer and Lisa Olson voting against it. Jantzer and Olson both expressed concerns about the…

Insurance companies operating in Florida are facing significant challenges in the aftermath of two powerful hurricanes, Helen and Milton. What happened: After Hurricane Helen, losses for private insurance companies were estimated at $3 billion to $6 billion. Hurricane Milton, which is expected to make landfall on the Florida Gulf Coast near Tampa on Wednesday, is putting additional strain on Florida’s insurance market. High claims, soaring premiums and insurance company exodus are already hurting customers. The approach of Hurricane Milton could further destabilize the market. The average annual premium for homeowners insurance in Florida jumped to $10,996, the highest in the…

CONCORD – Republican Gov. Chris Sununu issued a news release Tuesday praising his approval of transferring $26 million to the New Hampshire Retirement System as a Group II retirement system, but Democrats quickly called it He responded that he supported the bill that would make this a reality. “New Hampshire has made a commitment to police officers, firefighters, and corrections officers to address retirement system benefit disparities and ensure that New Hampshire can attract new talent to these fields,” Sununu said. ” he said. “The disparity in benefits for first responders was created by Republicans in 2011, but Republicans have…

The City of Burbank has received Investment Policy Certification from the California Municipal Finance Association (CMTA). This certification recognizes that Burbank’s investment policies comply with California government law and meet the highest standards of best practices in 18 key areas.The certification process evaluates investment policies across several key topics, including scope, prudence, ethics, authorized financial dealers and institutions, diversification, internal controls, and more. Burbank’s policy was reviewed by three independent CMTA experts who evaluated the policy using a detailed scoring matrix.“We are proud to have received one of the highest scores in the CMTA’s Investment Policy Certification Program, a prudent…